Nissin Foods Holdings Co (STU:NF2) Piotroski F-Score: 4 (As of Jun. 26, 2026) — 33% Below Median


STU:NF2 Nissin Foods Holdings Co Ltd STU:NF2
74 GF Score
Price €14.70
GF Value €23.84
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Nissin Foods Holdings Co Piotroski F-Score?

Nissin Foods Holdings Co STU:NF2 +0.68% 74 Piotroski F-Score is 4 as of Jun. 26, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates STU:NF2 with a GF Score™ of 74/100 and a GF Value™ of €23.84 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,911 Consumer Packaged Goods companies, Nissin Foods Holdings Co ranks worse than 66.93% 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

Nissin Foods Holdings 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 Nissin Foods Holdings Co's Piotroski F-Score or its related term are showing as below:

STU:NF2' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Nissin Foods Holdings Co was 8. The lowest was 4. And the median was 6.

Nissin Foods Holdings Co  (STU:NF2) 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.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

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.


Nissin Foods Holdings Co Piotroski F-Score Related Terms


Nissin Foods Holdings Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Nissin Foods Holdings 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.

Nissin Foods Holdings Co Piotroski F-Score Chart

Nissin Foods Holdings Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 7.00 7.00 4.00 4.00

Nissin Foods Holdings Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.00 4.00 5.00 4.00 4.00

STU:NF2 vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Nissin Foods Holdings 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.


Nissin Foods Holdings Co Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Nissin Foods Holdings Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Nissin Foods Holdings Co's Piotroski F-Score falls into.


STU:NF2
74GF Score
Nissin Foods Holdings Co Ltd STU:NF2
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* 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.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 67.322 + 65.567 + 90.026 + 34.593 = €258 Mil.
Cash Flow from Operations was 79.473 + 123.401 + 114.509 + 135.542 = €453 Mil.
Revenue was 1062.307 + 1130.575 + 1168.4 + 1098.817 = €4,460 Mil.
Gross Profit was 362.807 + 390.728 + 408.467 + 360.979 = €1,523 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(5265.256 + 5156.035 + 5264.163 + 5309.37 + 5348.621) / 5 = €5268.689 Mil.
Total Assets at the begining of this year (Mar25) was €5,265 Mil.
Long-Term Debt & Capital Lease Obligation was €560 Mil.
Total Current Assets was €1,768 Mil.
Total Current Liabilities was €1,437 Mil.
Net Income was 93.412 + 83.051 + 90.195 + 71.005 = €338 Mil.

Revenue was 1088.93 + 1216.767 + 1267.753 + 1205.864 = €4,779 Mil.
Gross Profit was 394.616 + 432.499 + 446.095 + 406.011 = €1,679 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(4988.643 + 4773.457 + 5134.428 + 5392.026 + 5265.256) / 5 = €5110.762 Mil.
Total Assets at the begining of last year (Mar24) was €4,989 Mil.
Long-Term Debt & Capital Lease Obligation was €481 Mil.
Total Current Assets was €1,789 Mil.
Total Current Liabilities was €1,363 Mil.

*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.

Nissin Foods Holdings Co's current Net Income (TTM) was 258. ==> 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.

Nissin Foods Holdings Co's current Cash Flow from Operations (TTM) was 453. ==> 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.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=257.508/5265.256
=0.04890702

ROA (Last Year)=Net Income/Total Assets (Mar24)
=337.663/4988.643
=0.06768634

Nissin Foods Holdings Co's return on assets of this year was 0.04890702. Nissin Foods Holdings Co's return on assets of last year was 0.06768634. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Nissin Foods Holdings Co's current Net Income (TTM) was 258. Nissin Foods Holdings Co's current Cash Flow from Operations (TTM) was 453. ==> 453 > 258 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=560.114/5268.689
=0.10630994

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=481.062/5110.762
=0.09412726

Nissin Foods Holdings Co's gearing of this year was 0.10630994. Nissin Foods Holdings Co's gearing of last year was 0.09412726. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=1768.374/1437.425
=1.2302374

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1789.357/1362.718
=1.31307945

Nissin Foods Holdings Co's current ratio of this year was 1.2302374. Nissin Foods Holdings Co's current ratio of last year was 1.31307945. ==> 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.

Nissin Foods Holdings Co's number of shares in issue this year was 290.413. Nissin Foods Holdings Co's number of shares in issue last year was 300.298. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=1522.981/4460.099
=0.34146798

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1679.221/4779.314
=0.35135189

Nissin Foods Holdings Co's gross margin of this year was 0.34146798. Nissin Foods Holdings Co's gross margin of last year was 0.35135189. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=4460.099/5265.256
=0.84708113

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=4779.314/4988.643
=0.95803889

Nissin Foods Holdings Co's asset turnover of this year was 0.84708113. Nissin Foods Holdings Co's asset turnover of last year was 0.95803889. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+1+0+0+1+0+0
=4

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Nissin Foods Holdings Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
Nissin Foods Holdings Co (STU:NF2) has a Piotroski F-Score of 4 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Nissin Foods Holdings Co and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Nissin Foods Holdings Co's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Nissin Foods Holdings Co ranks #1279 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 66.9%.
Is Nissin Foods Holdings Co's Piotroski F-Score too high?
Nissin Foods Holdings 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 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Nissin Foods Holdings Co's value of 4 is 20% below this industry median. Based on the distribution chart, Nissin Foods Holdings Co ranks #1279 out of 1911 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Nissin Foods Holdings Co has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nissin Foods Holdings Co's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Nissin Foods Holdings Co ranks #1279 out of 1911 companies for Piotroski F-Score. This places Nissin Foods Holdings Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Nissin Foods Holdings Co's value of 4 is 20% below this benchmark. Historically, Nissin Foods Holdings Co's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Nissin Foods Holdings 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,911 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. Nissin Foods Holdings 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 Nissin Foods Holdings Co and its competitors. For the Consumer Packaged Goods 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. Nissin Foods Holdings 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 Nissin Foods Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Nissin Foods Holdings Co (STU:NF2) is currently considered Significantly Undervalued. The stock's GF Value™ is €23.84, compared to a current price of €14.70 — trading 38.3% below 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 Consumer Packaged Goods industry median of 5.00. Nissin Foods Holdings Co's overall GF Score™ is 74/100 with 4 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 Nissin Foods Holdings Co (STU:NF2), the current Piotroski F-Score is 4 as of Jun. 26, 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 Nissin Foods Holdings Co (STU:NF2) Overvalued in 2026?

Based on GuruFocus' analysis, Nissin Foods Holdings Co stock appears to be undervalued. The current stock price of €14.70 is trading 38.3% below its estimated GF Value™ of €23.84. GuruFocus considers Nissin Foods Holdings Co to be Significantly Undervalued.

Key valuation signals for STU:NF2:

  • Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
  • GF Value™: €23.84 vs. price of €14.70 (38.3% below fair value)
  • GF Score™: 74/100 with 4 warning signs
  • Industry Position: 20% below the Consumer Packaged Goods median (#1279 of 1911)

No single metric tells the full story. See the STU:NF2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nissin Foods Holdings Co Business Description

Other Exchanges NFPDF:USA2897:Japan
Address 28-1, 6-chome, Shinjuku-ku, Tokyo, JPN, 160-8524
Nissin Foods is Japan's largest instant noodle manufacturer and was the first in the world to invent and launch instant noodles. It also invented the first instant noodle product in cup containers. Cup Noodles is its global brand, marketed in Asia, the Americas, and Europe. Instant noodles account for more than three fourths of group sales and 80% of operating profits, while Japan remains the key contributor, representing roughly 75% of group sales and 85% of profits. Other products include frozen/chilled noodles, confectionery, and lactic acid drinks.
74GF Score

Get the complete analysis for STU:NF2

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€14.70
Price
€23.84
GF Value