Nippon Pallet Pool Co (TSE:4690) Piotroski F-Score: 5 (As of Jun. 28, 2026) — 17% Below Median


TSE:4690 Nippon Pallet Pool Co Ltd TSE:4690
42 GF Score
Price 円2,501.00
GF Value 円2,001.43
! 8 Warning Signs
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What is Nippon Pallet Pool Co Piotroski F-Score?

Nippon Pallet Pool Co TSE:4690 42 Piotroski F-Score is 5 as of Jun. 28, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates TSE:4690 with a GF Score™ of 42/100 and a GF Value™ of 円2,001.43. The stock has 8 warning signs investors should review. Among 389 Packaging & Containers companies, Nippon Pallet Pool Co ranks better than 54.5% 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

Nippon Pallet Pool Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Nippon Pallet Pool Co's Piotroski F-Score or its related term are showing as below:

TSE:4690' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of Nippon Pallet Pool Co was 9. The lowest was 3. And the median was 6.

Nippon Pallet Pool Co  (TSE:4690) 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.


Nippon Pallet Pool Co Piotroski F-Score Related Terms


Nippon Pallet Pool Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Nippon Pallet Pool 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.

Nippon Pallet Pool Co Piotroski F-Score Chart

Nippon Pallet Pool Co Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 6.00 6.00 6.00 5.00

Nippon Pallet Pool Co Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 6.00 0.00 5.00 0.00

TSE:4690 vs SW, PKG, AMCR: Piotroski F-Score Comparison

For the Packaging & Containers subindustry, Nippon Pallet Pool 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 Pallet Pool Co Piotroski F-Score vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Nippon Pallet Pool Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Nippon Pallet Pool Co's Piotroski F-Score falls into.


TSE:4690
42GF Score
Nippon Pallet Pool Co Ltd TSE:4690
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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was 円310 Mil.
Cash Flow from Operations was 円2,269 Mil.
Revenue was 円6,935 Mil.
Gross Profit was 円1,539 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was (11204.369 + 10156.013) / 2 = 円10680.191 Mil.
Total Assets at the begining of this year (Mar24) was 円11,204 Mil.
Long-Term Debt & Capital Lease Obligation was 円705 Mil.
Total Current Assets was 円2,244 Mil.
Total Current Liabilities was 円2,682 Mil.
Net Income was 円527 Mil.

Revenue was 円7,583 Mil.
Gross Profit was 円1,857 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was (12102.17 + 11204.369) / 2 = 円11653.2695 Mil.
Total Assets at the begining of last year (Mar23) was 円12,102 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,228 Mil.
Total Current Assets was 円2,640 Mil.
Total Current Liabilities was 円3,096 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.

Nippon Pallet Pool Co's current Net Income (TTM) was 310. ==> 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 Pallet Pool Co's current Cash Flow from Operations (TTM) was 2,269. ==> 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 (Mar24)
=310.015/11204.369
=0.02766912

ROA (Last Year)=Net Income/Total Assets (Mar23)
=527.487/12102.17
=0.04358615

Nippon Pallet Pool Co's return on assets of this year was 0.02766912. Nippon Pallet Pool Co's return on assets of last year was 0.04358615. ==> Last year is higher ==> Score 0.

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.

Nippon Pallet Pool Co's current Net Income (TTM) was 310. Nippon Pallet Pool Co's current Cash Flow from Operations (TTM) was 2,269. ==> 2,269 > 310 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=704.998/10680.191
=0.06600987

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=1228.37/11653.2695
=0.1054099

Nippon Pallet Pool Co's gearing of this year was 0.06600987. Nippon Pallet Pool Co's gearing of last year was 0.1054099. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=2243.6/2681.903
=0.83657015

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=2639.81/3095.968
=0.85266062

Nippon Pallet Pool Co's current ratio of this year was 0.83657015. Nippon Pallet Pool Co's current ratio of last year was 0.85266062. ==> 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.

Nippon Pallet Pool Co's number of shares in issue this year was 1.673. Nippon Pallet Pool Co's number of shares in issue last year was 1.683. ==> 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
=1539.028/6935.204
=0.22191532

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1857.017/7582.612
=0.24490466

Nippon Pallet Pool Co's gross margin of this year was 0.22191532. Nippon Pallet Pool Co's gross margin of last year was 0.24490466. ==> 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 (Mar24)
=6935.204/11204.369
=0.61897319

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=7582.612/12102.17
=0.62654978

Nippon Pallet Pool Co's asset turnover of this year was 0.61897319. Nippon Pallet Pool Co's asset turnover of last year was 0.62654978. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

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

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

Nippon Pallet Pool Co has an F-score of 5 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 5 mean?
Nippon Pallet Pool Co (TSE:4690) has a Piotroski F-Score of 5 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Nippon Pallet Pool Co and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Nippon Pallet Pool Co's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Nippon Pallet Pool Co ranks #177 out of 389 companies in the Packaging & Containers industry, placing it in the top 45.5%.
Is Nippon Pallet Pool Co's Piotroski F-Score too high?
Nippon Pallet Pool Co's current Piotroski F-Score of 5 is 17% below 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 9.00. The Packaging & Containers industry median Piotroski F-Score is 5.00. Nippon Pallet Pool Co's value of 5 is 0% at this industry median. Based on the distribution chart, Nippon Pallet Pool Co ranks #177 out of 389 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, Nippon Pallet Pool Co has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does Nippon Pallet Pool Co's Piotroski F-Score compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Nippon Pallet Pool Co ranks #177 out of 389 companies for Piotroski F-Score. This puts Nippon Pallet Pool Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Nippon Pallet Pool Co's value of 5 is 0% at this benchmark. Historically, Nippon Pallet Pool Co's own Piotroski F-Score has ranged from 3.00 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 Pallet Pool Co has consistently been at 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 Packaging & Containers company?
The median Piotroski F-Score among Packaging & Containers companies is 5.00, based on 389 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 Pallet Pool Co's current Piotroski F-Score of 5 is 0% at 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 Pallet Pool Co and its competitors. For the Packaging & Containers 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 Pallet Pool Co's current Piotroski F-Score is 5, which is 17% below 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 Pallet Pool Co stock overvalued right now?
Nippon Pallet Pool Co (TSE:4690) has a current Piotroski F-Score of 5. The stock's GF Value™ is 円2,001.43, compared to a current price of 円2,501.00 — trading 25% above its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Packaging & Containers industry median of 5.00. Nippon Pallet Pool Co's overall GF Score™ is 42/100 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 Nippon Pallet Pool Co (TSE:4690), the current Piotroski F-Score is 5 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 Nippon Pallet Pool Co (TSE:4690) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Pallet Pool Co stock appears to be overvalued. The current stock price of 円2,501.00 is trading 25% above its estimated GF Value™ of 円2,001.43.

Key valuation signals for TSE:4690:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: 円2,001.43 vs. price of 円2,501.00 (25% above fair value)
  • GF Score™: 42/100 with 8 warning signs
  • Industry Position: 0% at the Packaging & Containers median (#177 of 389)

No single metric tells the full story. See the TSE:4690 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nippon Pallet Pool Co Business Description

Address 2-8-11 Shibata, Kyoei Building, Kita-ku, Osaka, JPN, 530 0012
Nippon Pallet Pool Co Ltd is a Japan based company engaged in the business of providing a pallet pool system that enables corporate activities and supports physical distribution. The products of the company include palette, Nestainer, Oricon Cart, Boards and Boxes, and others. The company also provides Plastic pallets, Wooden pallets, Fold Deck, Assist Suit, and other products on rental basis.
42GF Score

Get the complete analysis for TSE:4690

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

円2,501.00
Price
円2,001.43
GF Value