Shin-Etsu Chemical CoSHECY -2.61%95 Piotroski F-Score is 4 as of Jun. 25, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates SHECY with a GF Score™ of 95/100 and a GF Value™ of $17.86 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,566 Chemicals companies, Shin-Etsu Chemical Co ranks worse than 65.01% 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
Shin-Etsu Chemical Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Shin-Etsu Chemical Co's Piotroski F-Score or its related term are showing as below:
SHECY'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 9
Current: 4
During the past 13 years, the highest Piotroski F-Score of Shin-Etsu Chemical Co was 9. The lowest was 4. And the median was 6.
Shin-Etsu Chemical Co (OTCPK:SHECY) Piotroski F-Score Explanation
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.
Shin-Etsu Chemical Co Piotroski F-Score Related Terms
Shin-Etsu Chemical Co Piotroski F-Score Historical Data
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The historical data trend for Shin-Etsu Chemical Co'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 Chemicals subindustry, Shin-Etsu Chemical Co'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.
Shin-Etsu Chemical Co Piotroski F-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Shin-Etsu Chemical Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Shin-Etsu Chemical Co'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.
Shin-Etsu Chemical Co's current Net Income (TTM) was 2,990.
==> 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.
Score 1 if positive, 0 if negative.
Shin-Etsu Chemical Co's current Cash Flow from Operations (TTM) was 4,491.
==> Positive ==> Score 1.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Shin-Etsu Chemical Co's return on assets of this year was 0.07906895. Shin-Etsu Chemical Co's return on assets of last year was 0.10426382.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Shin-Etsu Chemical Co's gearing of this year was 0.04053443. Shin-Etsu Chemical Co's gearing of last year was 0.00138533.
==> 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
Shin-Etsu Chemical Co's current ratio of this year was 5.94311292. Shin-Etsu Chemical Co's current ratio of last year was 5.97595903.
==> 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.
Shin-Etsu Chemical Co's number of shares in issue this year was 3758.24. Shin-Etsu Chemical Co's number of shares in issue last year was 3966.288.
==> 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.
Shin-Etsu Chemical Co's gross margin of this year was 0.3421925. Shin-Etsu Chemical Co's gross margin of last year was 0.38423482.
==> 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
Shin-Etsu Chemical Co's asset turnover of this year was 0.42895385. Shin-Etsu Chemical Co's asset turnover of last year was 0.5000657.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Shin-Etsu Chemical Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Shin-Etsu Chemical Co (SHECY) has a Piotroski F-Score of 4 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Shin-Etsu Chemical Co and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Shin-Etsu Chemical Co's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Shin-Etsu Chemical Co ranks #1018 out of 1566 companies in the Chemicals industry, placing it in the top 65%.
Is Shin-Etsu Chemical Co's Piotroski F-Score too high?
Shin-Etsu Chemical Co's current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Chemicals industry median Piotroski F-Score is 5.00. Shin-Etsu Chemical Co's value of 4 is 20% below this industry median. Based on the distribution chart, Shin-Etsu Chemical Co ranks #1018 out of 1566 companies in the Chemicals industry, which is below the industry midpoint. Overall, Shin-Etsu Chemical Co has a GF Score™ of 95/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shin-Etsu Chemical Co's Piotroski F-Score compare to DOW?
According to the Chemicals industry distribution chart, Shin-Etsu Chemical Co ranks #1018 out of 1566 companies for Piotroski F-Score. This places Shin-Etsu Chemical Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Shin-Etsu Chemical Co's value of 4 is 20% below this benchmark. Historically, Shin-Etsu Chemical Co's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Shin-Etsu Chemical Co has consistently been below 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,566 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. Shin-Etsu Chemical Co's current Piotroski F-Score of 4 is 20% below 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 Shin-Etsu Chemical Co and its competitors. For the Chemicals 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. Shin-Etsu Chemical Co's current Piotroski F-Score is 4, which is 33% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shin-Etsu Chemical Co stock overvalued right now?
Based on GuruFocus' analysis, Shin-Etsu Chemical Co (SHECY) is currently considered Modestly Overvalued. The stock's GF Value™ is $17.86, compared to a current price of $21.84 — trading 22.3% above its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Chemicals industry median of 5.00. Shin-Etsu Chemical Co's overall GF Score™ is 95/100 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 Shin-Etsu Chemical Co (SHECY), the current Piotroski F-Score is 4 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 Shin-Etsu Chemical Co (SHECY) Overvalued in 2026?
Based on GuruFocus' analysis, Shin-Etsu Chemical Co stock appears to be overvalued.
The current stock price of $21.84 is trading 22.3% above its estimated GF Value™ of $17.86.
GuruFocus considers Shin-Etsu Chemical Co to be Modestly Overvalued.
Key valuation signals for SHECY:
Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
GF Value™: $17.86 vs. price of $21.84 (22.3% above fair value)
Industry Position: 20% below the Chemicals median (#1018 of 1566)
No single metric tells the full story. See the SHECY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shin Etsu Chemical is an industrial conglomerate that was founded in 1926. Some of its largest product groups are silicon metal, polymer, silicone, rare-earth, and cellulose products. It holds top rankings in several markets, notably as the largest PVC and silicon wafer producer globally. Shin-Etsu is most exposed to the construction, semiconductors, and pharmaceutical sectors. Shin Etsu employed 27,342 people as of March 31, 2026, and has production bases in 17 countries.
95GF Score
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