Daio PaperTSE:3880 -0.54%59 Piotroski F-Score is 8 as of Jul. 12, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates TSE:3880 with a GF Score™ of 59/100 and a GF Value™ of 円946.41 (Fairly Valued). The stock has 5 warning signs investors should review. Among 282 Forest Products companies, Daio Paper ranks better than 97.87% on this metric.
Good Sign:
Piotroski F-Score is 8, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Daio Paper has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Daio Paper's Piotroski F-Score or its related term are showing as below:
TSE:3880'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 8
Current: 8
During the past 13 years, the highest Piotroski F-Score of Daio Paper was 8. The lowest was 3. And the median was 6.
Daio Paper (TSE:3880) 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.
Daio Paper Piotroski F-Score Related Terms
Daio Paper Piotroski F-Score Historical Data
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The historical data trend for Daio Paper'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.
Daio Paper Piotroski F-Score Competitor Comparison
For the Paper & Paper Products subindustry, Daio Paper'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.
Daio Paper Piotroski F-Score vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Daio Paper's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Daio Paper'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.
Daio Paper's current Net Income (TTM) was 8,886.
==> 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.
Daio Paper's return on assets of this year was 0.0100286. Daio Paper's return on assets of last year was -0.01191493.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Daio Paper's gearing of this year was 0.34199734. Daio Paper's gearing of last year was 0.35791109.
==> 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
Daio Paper's current ratio of this year was 1.23380896. Daio Paper's current ratio of last year was 1.35312821.
==> 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.
Daio Paper's number of shares in issue this year was 165.397. Daio Paper's number of shares in issue last year was 166.397.
==> 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.
Daio Paper's gross margin of this year was 0.23829806. Daio Paper's gross margin of last year was 0.21529887.
==> 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
Daio Paper's asset turnover of this year was 0.75250602. Daio Paper's asset turnover of last year was 0.71180161.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Daio Paper has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Daio Paper (TSE:3880) has a Piotroski F-Score of 8 as of Jul. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Daio Paper and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Daio Paper's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Daio Paper ranks #6 out of 282 companies in the Forest Products industry, placing it in the top 2.1%.
Is Daio Paper's Piotroski F-Score too high?
Daio Paper's current Piotroski F-Score of 8 is 33% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Forest Products industry median Piotroski F-Score is 5.00. Daio Paper's value of 8 is 60% above this industry median. Based on the distribution chart, Daio Paper ranks #6 out of 282 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Daio Paper has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Daio Paper's Piotroski F-Score compare to competitors?
According to the Forest Products industry distribution chart, Daio Paper ranks #6 out of 282 companies for Piotroski F-Score. This places Daio Paper in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Daio Paper's value of 8 is 60% above this benchmark. Historically, Daio Paper's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Daio Paper 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 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. Daio Paper's current Piotroski F-Score of 8 is 60% 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 Daio Paper 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. Daio Paper's current Piotroski F-Score is 8, which is 33% above 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 Daio Paper stock overvalued right now?
Based on GuruFocus' analysis, Daio Paper (TSE:3880) is currently considered Fairly Valued. The stock's GF Value™ is 円946.41, compared to a current price of 円921.00 — trading 2.7% below its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Forest Products industry median of 5.00. Daio Paper's overall GF Score™ is 59/100 with 5 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 Daio Paper (TSE:3880), the current Piotroski F-Score is 8 as of Jul. 12, 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 Daio Paper (TSE:3880) Overvalued in 2026?
Based on GuruFocus' analysis, Daio Paper stock appears to be undervalued.
The current stock price of 円921.00 is trading 2.7% below its estimated GF Value™ of 円946.41.
GuruFocus considers Daio Paper to be Fairly Valued.
Key valuation signals for TSE:3880:
Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
GF Value™: 円946.41 vs. price of 円921.00 (2.7% below fair value)
Industry Position: 60% above the Forest Products median (#6 of 282)
No single metric tells the full story. See the TSE:3880 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Daio Paper Corp is a Japan-based paper, pulp and paperboard manufacturer. It produces general printing paper for magazines and catalogs, newsprint, office paper, corrugated materials, kraft liner, facial and toilet tissue, paper towels etc. The company's main products Newsprint, coated paper, wood free paper, publication paper, PPC paper, carbonless paper, adhesive printing paper, functional materials, wrapping paper, household paper products like facial tissue, toilet tissue, paper towels, sanitary napkins, disposable diapers, among others, kraft linerboard (containerboard), and various types of pulp.
59GF Score
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