Oji HoldingsOJIPY +8.93%71 Piotroski F-Score is 5 as of Jun. 25, 2026, which is at its 10-year median of 5.00. GuruFocus rates OJIPY with a GF Score™ of 71/100 and a GF Value™ of $49.81. The stock has 7 warning signs investors should review. Among 282 Forest Products companies, Oji Holdings ranks better than 59.93% on this metric.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Oji Holdings has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Oji Holdings's Piotroski F-Score or its related term are showing as below:
OJIPY'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 8
Current: 5
During the past 13 years, the highest Piotroski F-Score of Oji Holdings was 8. The lowest was 2. And the median was 5.
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
Oji Holdings Piotroski F-Score Related Terms
Oji Holdings Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Oji Holdings's Piotroski F-Score can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Paper & Paper Products subindustry, Oji Holdings's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Oji Holdings Piotroski F-Score vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Oji Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Oji Holdings's Piotroski F-Score falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Oji Holdings's current Net Income (TTM) was 310.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Oji Holdings's return on assets of this year was 0.01899984. Oji Holdings's return on assets of last year was 0.01974426.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Oji Holdings's gearing of this year was 0.22118434. Oji Holdings's gearing of last year was 0.19148359.
==> Last year is lower than this year ==> Score 0.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
Oji Holdings's current ratio of this year was 1.09161392. Oji Holdings's current ratio of last year was 1.15729828.
==> Last year's current ratio is higher ==> Score 0.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
Oji Holdings's number of shares in issue this year was 97.551. Oji Holdings's number of shares in issue last year was 99.049.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
Oji Holdings's gross margin of this year was 0.18893735. Oji Holdings's gross margin of last year was 0.19105239.
==> Last year's gross margin is higher ==> Score 0.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
Oji Holdings's asset turnover of this year was 0.76099037. Oji Holdings's asset turnover of last year was 0.65912669.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Oji Holdings has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Oji Holdings (OJIPY) has a Piotroski F-Score of 5 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Oji Holdings and its competitors. This is near median its historical median of 5.00. Over the past decade, Oji Holdings' Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Oji Holdings ranks #113 out of 282 companies in the Forest Products industry, placing it in the top 40.1%.
Is Oji Holdings' Piotroski F-Score too high?
Oji Holdings' current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Forest Products industry median Piotroski F-Score is 5.00. Oji Holdings' value of 5 is 0% at this industry median. Based on the distribution chart, Oji Holdings ranks #113 out of 282 companies in the Forest Products industry, which is above the industry midpoint. Overall, Oji Holdings has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Oji Holdings' Piotroski F-Score compare to competitors?
According to the Forest Products industry distribution chart, Oji Holdings ranks #113 out of 282 companies for Piotroski F-Score. This puts Oji Holdings in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Oji Holdings' value of 5 is 0% at this benchmark. Historically, Oji Holdings' own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Oji Holdings has consistently been at the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a Forest Products company?
The median Piotroski F-Score among Forest Products companies is 5.00, based on 282 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Oji Holdings's current Piotroski F-Score of 5 is 0% at the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Oji Holdings and its competitors. For the Forest Products industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oji Holdings's current Piotroski F-Score is 5, which is near median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oji Holdings stock overvalued right now?
Oji Holdings (OJIPY) has a current Piotroski F-Score of 5. The stock's GF Value™ is $49.81, compared to a current price of $55.39 — trading 11.2% above its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Forest Products industry median of 5.00. Oji Holdings' overall GF Score™ is 71/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Oji Holdings (OJIPY), the current Piotroski F-Score is 5 as of Jun. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Oji Holdings (OJIPY) Overvalued in 2026?
Based on GuruFocus' analysis, Oji Holdings stock appears to be overvalued.
The current stock price of $55.39 is trading 11.2% above its estimated GF Value™ of $49.81.
Key valuation signals for OJIPY:
Piotroski F-Score: 5 (near median its 10-year median of 5.00)
GF Value™: $49.81 vs. price of $55.39 (11.2% above fair value)
Industry Position: 0% at the Forest Products median (#113 of 282)
No single metric tells the full story. See the OJIPY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oji Holdings Corp through its group companies, is engaged in the production and distribution of pulp, paper products, and converted paper products. The company operates through five segments. The Functional Materials segment covers specialty paper, thermal paper, adhesives, and films. The Living and Industrial Materials segment includes corrugated base paper, paperboard, packaging paper, household paper, and disposable diapers. The Print Information Media segment engages in newsprint, printing, publishing, and information paper. The Resource and Environmental Business segment spans pulp, energy, afforestation, and wood processing. The Others segment comprises trading, eco-friendly packaging, logistics, engineering, real estate, and liquid cartons.
71GF Score
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