Nippon Soda CoTSE:4041 +0.70%76 Piotroski F-Score is 7 as of Jun. 27, 2026, which is at its 10-year median of 7.00. GuruFocus rates TSE:4041 with a GF Score™ of 76/100 and a GF Value™ of 円2,840.63 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,567 Chemicals companies, Nippon Soda Co ranks better than 90.36% on this metric.
Good Sign:
Piotroski F-Score is 7, 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
Nippon Soda Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Nippon Soda Co's Piotroski F-Score or its related term are showing as below:
TSE:4041'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 7 Max: 8
Current: 7
During the past 13 years, the highest Piotroski F-Score of Nippon Soda Co was 8. The lowest was 3. And the median was 7.
Nippon Soda Co (TSE:4041) 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 Soda Co Piotroski F-Score Related Terms
Nippon Soda Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Nippon Soda 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, Nippon Soda 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 Soda Co Piotroski F-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Nippon Soda Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Nippon Soda 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 Soda Co's current Net Income (TTM) was 18,271.
==> 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.
Nippon Soda Co's return on assets of this year was 0.06341961. Nippon Soda Co's return on assets of last year was 0.0516744.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Nippon Soda Co's gearing of this year was 0.11304295. Nippon Soda Co's gearing of last year was 0.08062718.
==> 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
Nippon Soda Co's current ratio of this year was 2.56935504. Nippon Soda Co's current ratio of last year was 2.09405589.
==> 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 Soda Co's number of shares in issue this year was 54.292. Nippon Soda Co's number of shares in issue last year was 55.076.
==> 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.
Nippon Soda Co's gross margin of this year was 0.29604645. Nippon Soda Co's gross margin of last year was 0.28952506.
==> 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 Soda Co's asset turnover of this year was 0.52791594. Nippon Soda Co's asset turnover of last year was 0.53426256.
==> 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
Nippon Soda Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Nippon Soda Co (TSE:4041) has a Piotroski F-Score of 7 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Nippon Soda Co and its competitors. This is near median its historical median of 7.00. Over the past decade, Nippon Soda Co's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Nippon Soda Co ranks #151 out of 1567 companies in the Chemicals industry, placing it in the top 9.6%.
Is Nippon Soda Co's Piotroski F-Score too high?
Nippon Soda Co's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Chemicals industry median Piotroski F-Score is 5.00. Nippon Soda Co's value of 7 is 40% above this industry median. Based on the distribution chart, Nippon Soda Co ranks #151 out of 1567 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Nippon Soda Co has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Soda Co's Piotroski F-Score compare to DOW?
According to the Chemicals industry distribution chart, Nippon Soda Co ranks #151 out of 1567 companies for Piotroski F-Score. This places Nippon Soda Co in the top 10% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Nippon Soda Co's value of 7 is 40% above this benchmark. Historically, Nippon Soda Co'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 7.00 vs. the industry median of 5.00, Nippon Soda 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,567 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 Soda Co's current Piotroski F-Score of 7 is 40% 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 Soda 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. Nippon Soda Co's current Piotroski F-Score is 7, which is near 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 Nippon Soda Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Soda Co (TSE:4041) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,840.63, compared to a current price of 円3,580.00 — trading 26% above its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Chemicals industry median of 5.00. Nippon Soda Co's overall GF Score™ is 76/100 with 2 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 Nippon Soda Co (TSE:4041), the current Piotroski F-Score is 7 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 Nippon Soda Co (TSE:4041) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Soda Co stock appears to be overvalued.
The current stock price of 円3,580.00 is trading 26% above its estimated GF Value™ of 円2,840.63.
GuruFocus considers Nippon Soda Co to be Modestly Overvalued.
Key valuation signals for TSE:4041:
Piotroski F-Score: 7 (near median its 10-year median of 7.00)
GF Value™: 円2,840.63 vs. price of 円3,580.00 (26% above fair value)
Industry Position: 40% above the Chemicals median (#151 of 1567)
No single metric tells the full story. See the TSE:4041 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Soda Co Ltd manufactures and sells chemical products and operates in three major and three minor segments. The chemicals segment sells caustic soda, sodium derivatives, and specialty chemicals, which are used to make household cleaning products and pharmaceuticals. The agrochemicals segment sells pesticides, fungicides, and herbicides to the agricultural industry. The trading segment offers chemicals, synthetic resins, and industrial machineries and devices. The company generates additional revenue from its minor segments: transportation, warehousing, and construction services. These segments are engaged in the transportation and warehousing of chemical products, as well as in plant construction and civil engineering services.
76GF Score
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