Nippon Carbide Industries CoTSE:4064 +0.61%75 Piotroski F-Score is 7 as of Jul. 12, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates TSE:4064 with a GF Score™ of 75/100 and a GF Value™ of 円2,052.41 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,563 Chemicals companies, Nippon Carbide Industries Co ranks better than 90.08% 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 Carbide Industries 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 Carbide Industries Co's Piotroski F-Score or its related term are showing as below:
TSE:4064'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 6 Max: 9
Current: 7
During the past 13 years, the highest Piotroski F-Score of Nippon Carbide Industries Co was 9. The lowest was 5. And the median was 6.
Nippon Carbide Industries Co (TSE:4064) 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 Carbide Industries Co Piotroski F-Score Related Terms
Nippon Carbide Industries 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 Carbide Industries Co Piotroski F-Score Chart
TSE:4064 vs LIN, SHW, ECL: Piotroski F-Score Comparison
For the Specialty Chemicals subindustry, Nippon Carbide Industries 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 Carbide Industries Co Piotroski F-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Nippon Carbide Industries Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Nippon Carbide Industries 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 Carbide Industries Co's current Net Income (TTM) was 2,607.
==> 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 Carbide Industries Co's current Cash Flow from Operations (TTM) was 5,567.
==> 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 Carbide Industries Co's return on assets of this year was 0.04114583. Nippon Carbide Industries Co's return on assets of last year was 0.03623402.
==> 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 Carbide Industries Co's gearing of this year was 0.05199604. Nippon Carbide Industries Co's gearing of last year was 0.06256633.
==> 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 Carbide Industries Co's current ratio of this year was 3.21584993. Nippon Carbide Industries Co's current ratio of last year was 2.5584165.
==> 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 Carbide Industries Co's number of shares in issue this year was 9.322. Nippon Carbide Industries Co's number of shares in issue last year was 9.311.
==> 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 Carbide Industries Co's gross margin of this year was 0.33122283. Nippon Carbide Industries Co's gross margin of last year was 0.32021261.
==> 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 Carbide Industries Co's asset turnover of this year was 0.78770518. Nippon Carbide Industries Co's asset turnover of last year was 0.79854146.
==> 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 Carbide Industries Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Nippon Carbide Industries Co (TSE:4064) has a Piotroski F-Score of 7 as of Jul. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Nippon Carbide Industries Co and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Nippon Carbide Industries Co's Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, Nippon Carbide Industries Co ranks #155 out of 1563 companies in the Chemicals industry, placing it in the top 9.9%.
Is Nippon Carbide Industries Co's Piotroski F-Score too high?
Nippon Carbide Industries Co's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 9.00. The Chemicals industry median Piotroski F-Score is 5.00. Nippon Carbide Industries Co's value of 7 is 40% above this industry median. Based on the distribution chart, Nippon Carbide Industries Co ranks #155 out of 1563 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Nippon Carbide Industries Co has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Carbide Industries Co's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Nippon Carbide Industries Co ranks #155 out of 1563 companies for Piotroski F-Score. This places Nippon Carbide Industries Co in the top 10% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Nippon Carbide Industries Co's value of 7 is 40% above this benchmark. Historically, Nippon Carbide Industries Co's own Piotroski F-Score has ranged from 5.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Nippon Carbide Industries 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 1,563 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 Carbide Industries 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 Carbide Industries 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 Carbide Industries Co's current Piotroski F-Score is 7, which is 17% 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 Nippon Carbide Industries Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Carbide Industries Co (TSE:4064) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,052.41, compared to a current price of 円3,315.00 — trading 61.5% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Chemicals industry median of 5.00. Nippon Carbide Industries Co's overall GF Score™ is 75/100 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 Carbide Industries Co (TSE:4064), the current Piotroski F-Score is 7 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 Nippon Carbide Industries Co (TSE:4064) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Carbide Industries Co stock appears to be overvalued.
The current stock price of 円3,315.00 is trading 61.5% above its estimated GF Value™ of 円2,052.41.
GuruFocus considers Nippon Carbide Industries Co to be Significantly Overvalued.
Key valuation signals for TSE:4064:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: 円2,052.41 vs. price of 円3,315.00 (61.5% above fair value)
Industry Position: 40% above the Chemicals median (#155 of 1563)
No single metric tells the full story. See the TSE:4064 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Carbide Industries Co Inc is engaged in the manufacture and sales of chemicals, plastics and resins, plastics films and electronic materials. Its product offerings include calcium carbide, dicyandiamide, cyanamide solution, among others. The company also manufacture and sell adhesive products used in medical, optical, and electronic equipment, coating materials for paper, film, and metal, fiber processing, and pigments.
75GF Score
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