Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Nippon Parking Development Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Nippon Parking Development Co's Piotroski F-Score or its related term are showing as below:
TSE:2353'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 4 Max: 9
Current: 6
During the past 13 years, the highest Piotroski F-Score of Nippon Parking Development Co was 9. The lowest was 3. And the median was 4.
Nippon Parking Development Co (TSE:2353) 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.
Nippon Parking Development Co Piotroski F-Score Related Terms
Nippon Parking Development Co Piotroski F-Score Historical Data
* 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.
Nippon Parking Development Co Piotroski F-Score Chart
TSE:2353 vs HON, MMM: Piotroski F-Score Comparison
For the Conglomerates subindustry, Nippon Parking Development 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.
Nippon Parking Development Co Piotroski F-Score vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Nippon Parking Development Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Nippon Parking Development 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.
Nippon Parking Development Co's current Net Income (TTM) was 4,800.
==> 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.
Nippon Parking Development Co's current Cash Flow from Operations (TTM) was 8,180.
==> 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.
Nippon Parking Development Co's return on assets of this year was 0.11391486. Nippon Parking Development Co's return on assets of last year was 0.17598725.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Nippon Parking Development Co's gearing of this year was 0.34619261. Nippon Parking Development Co's gearing of last year was 0.35136054.
==> This year is lower or equal to last year. ==> Score 1.
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
Nippon Parking Development Co's current ratio of this year was 2.91418357. Nippon Parking Development Co's current ratio of last year was 2.61248552.
==> This year's current ratio is higher. ==> Score 1.
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.
Nippon Parking Development Co's number of shares in issue this year was 320.64. Nippon Parking Development Co's number of shares in issue last year was 318.458.
==> There is larger number of shares in issue this year. ==> Score 0.
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.
Nippon Parking Development Co's gross margin of this year was 0.39981928. Nippon Parking Development Co's gross margin of last year was 0.38741556.
==> This year's gross margin is higher. ==> Score 1.
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
Nippon Parking Development Co's asset turnover of this year was 0.87411809. Nippon Parking Development Co's asset turnover of last year was 1.12707997.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Nippon Parking Development Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Nippon Parking Development Co (TSE:2353) has a Piotroski F-Score of 6 as of Jul. 11, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Nippon Parking Development Co and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, Nippon Parking Development Co's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Nippon Parking Development Co ranks #157 out of 558 companies in the Conglomerates industry, placing it in the top 28.1%.
Is Nippon Parking Development Co's Piotroski F-Score too high?
Nippon Parking Development Co's current Piotroski F-Score of 6 is 50% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Conglomerates industry median Piotroski F-Score is 5.00. Nippon Parking Development Co's value of 6 is 20% above this industry median. Based on the distribution chart, Nippon Parking Development Co ranks #157 out of 558 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Nippon Parking Development Co has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nippon Parking Development Co's Piotroski F-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, Nippon Parking Development Co ranks #157 out of 558 companies for Piotroski F-Score. This puts Nippon Parking Development Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Nippon Parking Development Co's value of 6 is 20% above this benchmark. Historically, Nippon Parking Development Co's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Nippon Parking Development Co has consistently been above 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 Conglomerates company?
The median Piotroski F-Score among Conglomerates companies is 5.00, based on 558 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. Nippon Parking Development Co's current Piotroski F-Score of 6 is 20% above 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 Nippon Parking Development Co and its competitors. For the Conglomerates 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. Nippon Parking Development Co's current Piotroski F-Score is 6, which is 50% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Parking Development Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Parking Development Co (TSE:2353) is currently considered Fairly Valued. The stock's GF Value™ is 円276.02, compared to a current price of 円257.00 — trading 6.9% below its estimated fair value. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 20% above the Conglomerates industry median of 5.00. Nippon Parking Development Co's overall GF Score™ is 91/100 with 1 warning sign 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 Nippon Parking Development Co (TSE:2353), the current Piotroski F-Score is 6 as of Jul. 11, 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 Nippon Parking Development Co (TSE:2353) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Parking Development Co stock appears to be undervalued.
The current stock price of 円257.00 is trading 6.9% below its estimated GF Value™ of 円276.02.
GuruFocus considers Nippon Parking Development Co to be Fairly Valued.
Key valuation signals for TSE:2353:
Piotroski F-Score: 6 (50% above median its 10-year median of 4.00)
GF Value™: 円276.02 vs. price of 円257.00 (6.9% below fair value)
Industry Position: 20% above the Conglomerates median (#157 of 558)
No single metric tells the full story. See the TSE:2353 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Parking Development Co Business Description
Nippon Parking Development Co Ltd provides car parking solutions and services. The company's reporting segments consist of: i) Parking Business: operating and managing parking lots, ii) Ski Resort Business: operates and acquires ski resorts, and iii) Theme Park Business: involves the operation and acquisition of theme parks. The majority of revenue is derived from the Parking business segment.
91GF Score
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