Osaka Organic Chemical Industry (TSE:4187) Piotroski F-Score: 9 (As of Jun. 28, 2026) — 29% Above Median


TSE:4187 Osaka Organic Chemical Industry Ltd TSE:4187
90 GF Score
Price 円5,960.00
GF Value 円3,518.92
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Osaka Organic Chemical Industry Piotroski F-Score?

Osaka Organic Chemical Industry TSE:4187 +1.02% 90 Piotroski F-Score is 9 as of Jun. 28, 2026, which is 29% above its 10-year median of 7.00. GuruFocus rates TSE:4187 with a GF Score™ of 90/100 and a GF Value™ of 円3,518.92 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,563 Chemicals companies, Osaka Organic Chemical Industry ranks better than 99.94% on this metric.

Good Sign:

Piotroski F-Score is 9, 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

Osaka Organic Chemical Industry has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Osaka Organic Chemical Industry's Piotroski F-Score or its related term are showing as below:

TSE:4187' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 9
Current: 9

During the past 13 years, the highest Piotroski F-Score of Osaka Organic Chemical Industry was 9. The lowest was 5. And the median was 7.

Osaka Organic Chemical Industry  (TSE:4187) 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.


Osaka Organic Chemical Industry Piotroski F-Score Related Terms


Osaka Organic Chemical Industry Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Osaka Organic Chemical Industry'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.

Osaka Organic Chemical Industry Piotroski F-Score Chart

Osaka Organic Chemical Industry Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 5.00 5.00 8.00 9.00

Osaka Organic Chemical Industry Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 0.00 0.00 0.00 9.00 0.00

TSE:4187 vs LIN, SHW, ECL: Piotroski F-Score Comparison

For the Specialty Chemicals subindustry, Osaka Organic Chemical Industry'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.


Osaka Organic Chemical Industry Piotroski F-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Osaka Organic Chemical Industry's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Osaka Organic Chemical Industry's Piotroski F-Score falls into.


TSE:4187
90GF Score
Osaka Organic Chemical Industry Ltd TSE:4187
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 (Nov25) TTM:Last Year (Nov24) TTM:
Net Income was 円6,888 Mil.
Cash Flow from Operations was 円7,094 Mil.
Revenue was 円36,266 Mil.
Gross Profit was 円11,568 Mil.
Average Total Assets from the begining of this year (Nov24)
to the end of this year (Nov25) was (59964.713 + 63713.725) / 2 = 円61839.219 Mil.
Total Assets at the begining of this year (Nov24) was 円59,965 Mil.
Long-Term Debt & Capital Lease Obligation was 円804 Mil.
Total Current Assets was 円37,806 Mil.
Total Current Liabilities was 円11,219 Mil.
Net Income was 円4,045 Mil.

Revenue was 円32,699 Mil.
Gross Profit was 円9,688 Mil.
Average Total Assets from the begining of last year (Nov23)
to the end of last year (Nov24) was (54636.965 + 59964.713) / 2 = 円57300.839 Mil.
Total Assets at the begining of last year (Nov23) was 円54,637 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,338 Mil.
Total Current Assets was 円34,287 Mil.
Total Current Liabilities was 円11,730 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.

Osaka Organic Chemical Industry's current Net Income (TTM) was 6,888. ==> 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.

Osaka Organic Chemical Industry's current Cash Flow from Operations (TTM) was 7,094. ==> 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.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Nov24)
=6887.536/59964.713
=0.11485982

ROA (Last Year)=Net Income/Total Assets (Nov23)
=4044.582/54636.965
=0.07402648

Osaka Organic Chemical Industry's return on assets of this year was 0.11485982. Osaka Organic Chemical Industry's return on assets of last year was 0.07402648. ==> 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.

Osaka Organic Chemical Industry's current Net Income (TTM) was 6,888. Osaka Organic Chemical Industry's current Cash Flow from Operations (TTM) was 7,094. ==> 7,094 > 6,888 ==> CFROA > ROA ==> Score 1.

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: Nov25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov24 to Nov25
=803.841/61839.219
=0.01299889

Gearing (Last Year: Nov24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov23 to Nov24
=1337.923/57300.839
=0.0233491

Osaka Organic Chemical Industry's gearing of this year was 0.01299889. Osaka Organic Chemical Industry's gearing of last year was 0.0233491. ==> 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

Current Ratio (This Year: Nov25)=Total Current Assets/Total Current Liabilities
=37806.078/11218.505
=3.3699747

Current Ratio (Last Year: Nov24)=Total Current Assets/Total Current Liabilities
=34287.015/11729.879
=2.92304933

Osaka Organic Chemical Industry's current ratio of this year was 3.3699747. Osaka Organic Chemical Industry's current ratio of last year was 2.92304933. ==> 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.

Osaka Organic Chemical Industry's number of shares in issue this year was 20.457. Osaka Organic Chemical Industry's number of shares in issue last year was 21.148. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=11568.446/36265.691
=0.31899147

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=9688.447/32698.809
=0.29629357

Osaka Organic Chemical Industry's gross margin of this year was 0.31899147. Osaka Organic Chemical Industry's gross margin of last year was 0.29629357. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Nov24)
=36265.691/59964.713
=0.60478387

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Nov23)
=32698.809/54636.965
=0.59847411

Osaka Organic Chemical Industry's asset turnover of this year was 0.60478387. Osaka Organic Chemical Industry's asset turnover of last year was 0.59847411. ==> 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+1+1+1+1+1+1+1+1
=9

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

Osaka Organic Chemical Industry has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 9 mean?
Osaka Organic Chemical Industry (TSE:4187) has a Piotroski F-Score of 9 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Osaka Organic Chemical Industry and its competitors. This is 29% above median its historical median of 7.00. Over the past decade, Osaka Organic Chemical Industry's Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, Osaka Organic Chemical Industry ranks #1 out of 1563 companies in the Chemicals industry, placing it in the top 0.099999999999994%.
Is Osaka Organic Chemical Industry's Piotroski F-Score too high?
Osaka Organic Chemical Industry's current Piotroski F-Score of 9 is 29% above median its 10-year median of 7.00. 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. Osaka Organic Chemical Industry's value of 9 is 80% above this industry median. Based on the distribution chart, Osaka Organic Chemical Industry ranks #1 out of 1563 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Osaka Organic Chemical Industry has a GF Score™ of 90/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Osaka Organic Chemical Industry's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Osaka Organic Chemical Industry ranks #1 out of 1563 companies for Piotroski F-Score. This places Osaka Organic Chemical Industry in the top 0% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Osaka Organic Chemical Industry's value of 9 is 80% above this benchmark. Historically, Osaka Organic Chemical Industry'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 7.00 vs. the industry median of 5.00, Osaka Organic Chemical Industry 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. Osaka Organic Chemical Industry's current Piotroski F-Score of 9 is 80% 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 Osaka Organic Chemical Industry 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. Osaka Organic Chemical Industry's current Piotroski F-Score is 9, which is 29% above 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 Osaka Organic Chemical Industry stock overvalued right now?
Based on GuruFocus' analysis, Osaka Organic Chemical Industry (TSE:4187) is currently considered Significantly Overvalued. The stock's GF Value™ is 円3,518.92, compared to a current price of 円5,960.00 — trading 69.4% above its estimated fair value. The current Piotroski F-Score is 9, which is 29% above median its 10-year median of 7.00 and 80% above the Chemicals industry median of 5.00. Osaka Organic Chemical Industry's overall GF Score™ is 90/100 with 8 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 Osaka Organic Chemical Industry (TSE:4187), the current Piotroski F-Score is 9 as of Jun. 28, 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 Osaka Organic Chemical Industry (TSE:4187) Overvalued in 2026?

Based on GuruFocus' analysis, Osaka Organic Chemical Industry stock appears to be overvalued. The current stock price of 円5,960.00 is trading 69.4% above its estimated GF Value™ of 円3,518.92. GuruFocus considers Osaka Organic Chemical Industry to be Significantly Overvalued.

Key valuation signals for TSE:4187:

  • Piotroski F-Score: 9 (29% above median its 10-year median of 7.00)
  • GF Value™: 円3,518.92 vs. price of 円5,960.00 (69.4% above fair value)
  • GF Score™: 90/100 with 8 warning signs
  • Industry Position: 80% above the Chemicals median (#1 of 1563)

No single metric tells the full story. See the TSE:4187 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Osaka Organic Chemical Industry Business Description

Other Exchanges 7YE:Germany
Address Shin Toyama Building, 1-7-20 Azuchi-machi, Chuo-ku, Osaka, JPN, 541-0052
Osaka Organic Chemical Industry Ltd is engaged in the production and marketing of organic chemistry industry products, organic reagents, petrochemical products, and special polymers, refining and processing of solvents. It operates in three segments: Chemical segment manufactures and sells speciality acrylic acid ester and acrylic acid for paints, adhesives and inks. The Electronic Materials segment manufactures and sells electronic materials, such as liquid crystal materials and semiconductors. The Specialty Chemicals segment manufactures and sells cosmetics raw materials and functional materials.
90GF Score

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

円5,960.00
Price
円3,518.92
GF Value