The Nihon Seima Co (TSE:3306) Piotroski F-Score: 4 (As of Jun. 27, 2026) — 43% Below Median


TSE:3306 The Nihon Seima Co Ltd TSE:3306
47 GF Score
Price 円638.00
GF Value 円332.46
Valuation Significantly Overvalued
! 4 Warning Signs
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What is The Nihon Seima Co Piotroski F-Score?

The Nihon Seima Co TSE:3306 +1.43% 47 Piotroski F-Score is 4 as of Jun. 27, 2026, which is 43% below its 10-year median of 7.00. GuruFocus rates TSE:3306 with a GF Score™ of 47/100 and a GF Value™ of 円332.46 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 555 Conglomerates companies, The Nihon Seima Co ranks worse than 70.81% 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

The Nihon Seima 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 The Nihon Seima Co's Piotroski F-Score or its related term are showing as below:

TSE:3306' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 9
Current: 4

During the past 13 years, the highest Piotroski F-Score of The Nihon Seima Co was 9. The lowest was 4. And the median was 7.

The Nihon Seima Co  (TSE:3306) 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.


The Nihon Seima Co Piotroski F-Score Related Terms


The Nihon Seima Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for The Nihon Seima 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.

The Nihon Seima Co Piotroski F-Score Chart

The Nihon Seima 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 8.00 9.00 8.00 5.00 4.00

The Nihon Seima Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 8.00 0.00 5.00 0.00 4.00

TSE:3306 vs HON, MMM: Piotroski F-Score Comparison

For the Conglomerates subindustry, The Nihon Seima 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.


The Nihon Seima Co Piotroski F-Score vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, The Nihon Seima Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where The Nihon Seima Co's Piotroski F-Score falls into.


TSE:3306
47GF Score
The Nihon Seima Co Ltd TSE:3306
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 円584 Mil.
Cash Flow from Operations was 円-51 Mil.
Revenue was 円2,400 Mil.
Gross Profit was 円579 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (2960.249 + 3565.76) / 2 = 円3263.0045 Mil.
Total Assets at the begining of this year (Mar25) was 円2,960 Mil.
Long-Term Debt & Capital Lease Obligation was 円861 Mil.
Total Current Assets was 円1,645 Mil.
Total Current Liabilities was 円563 Mil.
Net Income was 円64 Mil.

Revenue was 円2,493 Mil.
Gross Profit was 円701 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (4623.355 + 2960.249) / 2 = 円3791.802 Mil.
Total Assets at the begining of last year (Mar24) was 円4,623 Mil.
Long-Term Debt & Capital Lease Obligation was 円224 Mil.
Total Current Assets was 円1,452 Mil.
Total Current Liabilities was 円1,203 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.

The Nihon Seima Co's current Net Income (TTM) was 584. ==> 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.

The Nihon Seima Co's current Cash Flow from Operations (TTM) was -51. ==> Negative ==> Score 0.

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)
=583.695/2960.249
=0.19717767

ROA (Last Year)=Net Income/Total Assets (Mar24)
=64.402/4623.355
=0.01392971

The Nihon Seima Co's return on assets of this year was 0.19717767. The Nihon Seima Co's return on assets of last year was 0.01392971. ==> This year is higher. ==> Score 1.

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.

The Nihon Seima Co's current Net Income (TTM) was 584. The Nihon Seima Co's current Cash Flow from Operations (TTM) was -51. ==> -51 <= 584 ==> CFROA <= ROA ==> Score 0.

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
=860.901/3263.0045
=0.2638369

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=224.06/3791.802
=0.05909064

The Nihon Seima Co's gearing of this year was 0.2638369. The Nihon Seima Co's gearing of last year was 0.05909064. ==> 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
=1644.925/562.7
=2.92327173

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1451.644/1203.274
=1.20641184

The Nihon Seima Co's current ratio of this year was 2.92327173. The Nihon Seima Co's current ratio of last year was 1.20641184. ==> 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.

The Nihon Seima Co's number of shares in issue this year was 4.725. The Nihon Seima Co's number of shares in issue last year was 3.861. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=578.608/2399.669
=0.24111992

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=701.381/2492.948
=0.28134602

The Nihon Seima Co's gross margin of this year was 0.24111992. The Nihon Seima Co's gross margin of last year was 0.28134602. ==> 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)
=2399.669/2960.249
=0.81063079

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2492.948/4623.355
=0.53920757

The Nihon Seima Co's asset turnover of this year was 0.81063079. The Nihon Seima Co's asset turnover of last year was 0.53920757. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

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

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

The Nihon Seima 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?
The Nihon Seima Co (TSE:3306) has a Piotroski F-Score of 4 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on The Nihon Seima Co and its competitors. This is 43% below median its historical median of 7.00. Over the past decade, The Nihon Seima Co's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, The Nihon Seima Co ranks #393 out of 555 companies in the Conglomerates industry, placing it in the top 70.8%.
Is The Nihon Seima Co's Piotroski F-Score too high?
The Nihon Seima Co's current Piotroski F-Score of 4 is 43% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Conglomerates industry median Piotroski F-Score is 5.00. The Nihon Seima Co's value of 4 is 20% below this industry median. Based on the distribution chart, The Nihon Seima Co ranks #393 out of 555 companies in the Conglomerates industry, which is below the industry midpoint. Overall, The Nihon Seima Co has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The Nihon Seima Co's Piotroski F-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, The Nihon Seima Co ranks #393 out of 555 companies for Piotroski F-Score. This places The Nihon Seima Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. The Nihon Seima Co's value of 4 is 20% below this benchmark. Historically, The Nihon Seima 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 7.00 vs. the industry median of 5.00, The Nihon Seima 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 Conglomerates company?
The median Piotroski F-Score among Conglomerates companies is 5.00, based on 555 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. The Nihon Seima 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 The Nihon Seima 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. The Nihon Seima Co's current Piotroski F-Score is 4, which is 43% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Nihon Seima Co stock overvalued right now?
Based on GuruFocus' analysis, The Nihon Seima Co (TSE:3306) is currently considered Significantly Overvalued. The stock's GF Value™ is 円332.46, compared to a current price of 円638.00 — trading 91.9% above its estimated fair value. The current Piotroski F-Score is 4, which is 43% below median its 10-year median of 7.00 and 20% below the Conglomerates industry median of 5.00. The Nihon Seima Co's overall GF Score™ is 47/100 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 The Nihon Seima Co (TSE:3306), the current Piotroski F-Score is 4 as of Jun. 27, 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 The Nihon Seima Co (TSE:3306) Overvalued in 2026?

Based on GuruFocus' analysis, The Nihon Seima Co stock appears to be overvalued. The current stock price of 円638.00 is trading 91.9% above its estimated GF Value™ of 円332.46. GuruFocus considers The Nihon Seima Co to be Significantly Overvalued.

Key valuation signals for TSE:3306:

  • Piotroski F-Score: 4 (43% below median its 10-year median of 7.00)
  • GF Value™: 円332.46 vs. price of 円638.00 (91.9% above fair value)
  • GF Score™: 47/100 with 4 warning signs
  • Industry Position: 20% below the Conglomerates median (#393 of 555)

No single metric tells the full story. See the TSE:3306 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The Nihon Seima Co Business Description

Address Shinko Building, 8, Kaigandori, Chuo-ku, Kobe, JPN, 650-0024
The Nihon Seima Co Ltd is engaged in the manufacture and sale of industrial materials and food products in Japan. It operates through the following business divisions: The Industrial Materials division offers jute products, packaging materials, and others. The Mat division is involved in the manufacture and sale of automobile floor mats and others. The Food divisions is engaged in the production and processing of spaghetti, sauce, and others.
47GF Score

Get the complete analysis for TSE:3306

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

円638.00
Price
円332.46
GF Value