Nippon ShikizaiTSE:4920 +0.17%67 Piotroski F-Score is 6 as of Jul. 13, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates TSE:4920 with a GF Score™ of 67/100 and a GF Value™ of 円1,472.27 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,914 Consumer Packaged Goods companies, Nippon Shikizai ranks better than 73.2% 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 Shikizai has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Nippon Shikizai's Piotroski F-Score or its related term are showing as below:
TSE:4920'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 7 Max: 9
Current: 6
During the past 13 years, the highest Piotroski F-Score of Nippon Shikizai was 9. The lowest was 3. And the median was 7.
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 Shikizai Piotroski F-Score Related Terms
Nippon Shikizai Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Nippon Shikizai'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.
TSE:4920 vs PG, CL, KVUE: Piotroski F-Score Comparison
For the Household & Personal Products subindustry, Nippon Shikizai'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 Shikizai Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Nippon Shikizai's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Nippon Shikizai'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 Shikizai's current Net Income (TTM) was 335.
==> 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 Shikizai's return on assets of this year was 0.01985826. Nippon Shikizai's return on assets of last year was 0.01265864.
==> 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 Shikizai's gearing of this year was 0.26757069. Nippon Shikizai's gearing of last year was 0.38997149.
==> 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 Shikizai's current ratio of this year was 0.93964438. Nippon Shikizai's current ratio of last year was 1.07838973.
==> 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 Shikizai's number of shares in issue this year was 2.07. Nippon Shikizai's number of shares in issue last year was 2.096.
==> 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 Shikizai's gross margin of this year was 0.13226403. Nippon Shikizai's gross margin of last year was 0.12435218.
==> 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 Shikizai's asset turnover of this year was 0.98541274. Nippon Shikizai's asset turnover of last year was 1.03190377.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Nippon Shikizai has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Nippon Shikizai (TSE:4920) has a Piotroski F-Score of 6 as of Jul. 13, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Nippon Shikizai and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Nippon Shikizai's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Nippon Shikizai ranks #513 out of 1914 companies in the Consumer Packaged Goods industry, placing it in the top 26.8%.
Is Nippon Shikizai's Piotroski F-Score too high?
Nippon Shikizai's current Piotroski F-Score of 6 is 14% below 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 9.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Nippon Shikizai's value of 6 is 20% above this industry median. Based on the distribution chart, Nippon Shikizai ranks #513 out of 1914 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Nippon Shikizai has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Shikizai's Piotroski F-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Nippon Shikizai ranks #513 out of 1914 companies for Piotroski F-Score. This puts Nippon Shikizai in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Nippon Shikizai's value of 6 is 20% above this benchmark. Historically, Nippon Shikizai'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 7.00 vs. the industry median of 5.00, Nippon Shikizai 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,914 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 Shikizai's current Piotroski F-Score of 6 is 20% 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 Shikizai and its competitors. For the Consumer Packaged Goods 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 Shikizai's current Piotroski F-Score is 6, which is 14% below 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 Shikizai stock overvalued right now?
Based on GuruFocus' analysis, Nippon Shikizai (TSE:4920) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,472.27, compared to a current price of 円1,160.00 — trading 21.2% below its estimated fair value. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Consumer Packaged Goods industry median of 5.00. Nippon Shikizai's overall GF Score™ is 67/100 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 Nippon Shikizai (TSE:4920), the current Piotroski F-Score is 6 as of Jul. 13, 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 Shikizai (TSE:4920) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Shikizai stock appears to be undervalued.
The current stock price of 円1,160.00 is trading 21.2% below its estimated GF Value™ of 円1,472.27.
GuruFocus considers Nippon Shikizai to be Modestly Undervalued.
Key valuation signals for TSE:4920:
Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
GF Value™: 円1,472.27 vs. price of 円1,160.00 (21.2% below fair value)
Industry Position: 20% above the Consumer Packaged Goods median (#513 of 1914)
No single metric tells the full story. See the TSE:4920 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Shikizai Inc. is a cosmetics manufacturing service solution provider. It offers products for the face, lips, eyes and skin. The product portfolio of the company includes lipstick, lip liner, lipgloss, powder eye shadow, cream eye shadow, mascara, concealer, highlighter, cleanser, scrub, sunscreen and other products.
67GF Score
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