Chemipro Kasei Kaisha (TSE:4960) Piotroski F-Score: 5 (As of Jul. 14, 2026) — 17% Below Median

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TSE:4960 Chemipro Kasei Kaisha Ltd TSE:4960
51 GF Score
Price 円553.00
GF Value 円311.14
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Chemipro Kasei Kaisha Piotroski F-Score?

Chemipro Kasei Kaisha TSE:4960 -0.54% 51 Piotroski F-Score is 5 as of Jul. 14, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates TSE:4960 with a GF Score™ of 51/100 and a GF Value™ of 円311.14 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,563 Chemicals companies, Chemipro Kasei Kaisha ranks better than 55.21% 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

Chemipro Kasei Kaisha 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 Chemipro Kasei Kaisha's Piotroski F-Score or its related term are showing as below:

TSE:4960' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 6   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Chemipro Kasei Kaisha was 8. The lowest was 1. And the median was 6.

Chemipro Kasei Kaisha  (TSE:4960) 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.


Chemipro Kasei Kaisha Piotroski F-Score Related Terms


Chemipro Kasei Kaisha Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Chemipro Kasei Kaisha'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.

Chemipro Kasei Kaisha Piotroski F-Score Chart

Chemipro Kasei Kaisha Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 4.00 7.00 7.00 5.00

Chemipro Kasei Kaisha Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 7.00 0.00 7.00 0.00 5.00

TSE:4960 vs DOW: Piotroski F-Score Comparison

For the Chemicals subindustry, Chemipro Kasei Kaisha'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.


Chemipro Kasei Kaisha Piotroski F-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Chemipro Kasei Kaisha's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Chemipro Kasei Kaisha's Piotroski F-Score falls into.


TSE:4960
51GF Score
Chemipro Kasei Kaisha Ltd TSE:4960
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 円295 Mil.
Cash Flow from Operations was 円40 Mil.
Revenue was 円8,946 Mil.
Gross Profit was 円1,450 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (13297.811 + 12817.685) / 2 = 円13057.748 Mil.
Total Assets at the begining of this year (Mar25) was 円13,298 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,897 Mil.
Total Current Assets was 円7,631 Mil.
Total Current Liabilities was 円5,296 Mil.
Net Income was 円128 Mil.

Revenue was 円9,711 Mil.
Gross Profit was 円1,463 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (13713.882 + 13297.811) / 2 = 円13505.8465 Mil.
Total Assets at the begining of last year (Mar24) was 円13,714 Mil.
Long-Term Debt & Capital Lease Obligation was 円1,904 Mil.
Total Current Assets was 円8,048 Mil.
Total Current Liabilities was 円6,007 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.

Chemipro Kasei Kaisha's current Net Income (TTM) was 295. ==> 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.

Chemipro Kasei Kaisha's current Cash Flow from Operations (TTM) was 40. ==> 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 (Mar25)
=294.538/13297.811
=0.02214936

ROA (Last Year)=Net Income/Total Assets (Mar24)
=128.077/13713.882
=0.00933922

Chemipro Kasei Kaisha's return on assets of this year was 0.02214936. Chemipro Kasei Kaisha's return on assets of last year was 0.00933922. ==> 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.

Chemipro Kasei Kaisha's current Net Income (TTM) was 295. Chemipro Kasei Kaisha's current Cash Flow from Operations (TTM) was 40. ==> 40 <= 295 ==> CFROA <= ROA ==> Score 0.

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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=1897.301/13057.748
=0.14530078

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1903.761/13505.8465
=0.14095829

Chemipro Kasei Kaisha's gearing of this year was 0.14530078. Chemipro Kasei Kaisha's gearing of last year was 0.14095829. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=7631.202/5296.274
=1.44086239

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=8047.786/6007.312
=1.33966506

Chemipro Kasei Kaisha's current ratio of this year was 1.44086239. Chemipro Kasei Kaisha's current ratio of last year was 1.33966506. ==> 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.

Chemipro Kasei Kaisha's number of shares in issue this year was 16.097. Chemipro Kasei Kaisha's number of shares in issue last year was 16.049. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=1450.298/8946.057
=0.16211589

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1462.881/9710.828
=0.15064431

Chemipro Kasei Kaisha's gross margin of this year was 0.16211589. Chemipro Kasei Kaisha's gross margin of last year was 0.15064431. ==> 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 (Mar25)
=8946.057/13297.811
=0.67274659

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=9710.828/13713.882
=0.70810205

Chemipro Kasei Kaisha's asset turnover of this year was 0.67274659. Chemipro Kasei Kaisha's asset turnover of last year was 0.70810205. ==> 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+1+0+0+1+0+1+0
=5

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

Chemipro Kasei Kaisha 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?
Chemipro Kasei Kaisha (TSE:4960) has a Piotroski F-Score of 5 as of Jul. 14, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Chemipro Kasei Kaisha and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Chemipro Kasei Kaisha's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Chemipro Kasei Kaisha ranks #700 out of 1563 companies in the Chemicals industry, placing it in the top 44.8%.
Is Chemipro Kasei Kaisha's Piotroski F-Score too high?
Chemipro Kasei Kaisha'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 1.00 to a high of 8.00. The Chemicals industry median Piotroski F-Score is 5.00. Chemipro Kasei Kaisha's value of 5 is 0% at this industry median. Based on the distribution chart, Chemipro Kasei Kaisha ranks #700 out of 1563 companies in the Chemicals industry, which is above the industry midpoint. Overall, Chemipro Kasei Kaisha has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chemipro Kasei Kaisha's Piotroski F-Score compare to DOW?
According to the Chemicals industry distribution chart, Chemipro Kasei Kaisha ranks #700 out of 1563 companies for Piotroski F-Score. This puts Chemipro Kasei Kaisha in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Chemipro Kasei Kaisha's value of 5 is 0% at this benchmark. Historically, Chemipro Kasei Kaisha's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Chemipro Kasei Kaisha 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 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. Chemipro Kasei Kaisha'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 Chemipro Kasei Kaisha 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. Chemipro Kasei Kaisha'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 Chemipro Kasei Kaisha stock overvalued right now?
Based on GuruFocus' analysis, Chemipro Kasei Kaisha (TSE:4960) is currently considered Significantly Overvalued. The stock's GF Value™ is 円311.14, compared to a current price of 円553.00 — trading 77.7% 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 Chemicals industry median of 5.00. Chemipro Kasei Kaisha's overall GF Score™ is 51/100 with 6 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 Chemipro Kasei Kaisha (TSE:4960), the current Piotroski F-Score is 5 as of Jul. 14, 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 Chemipro Kasei Kaisha (TSE:4960) Overvalued in 2026?

Based on GuruFocus' analysis, Chemipro Kasei Kaisha stock appears to be overvalued. The current stock price of 円553.00 is trading 77.7% above its estimated GF Value™ of 円311.14. GuruFocus considers Chemipro Kasei Kaisha to be Significantly Overvalued.

Key valuation signals for TSE:4960:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: 円311.14 vs. price of 円553.00 (77.7% above fair value)
  • GF Score™: 51/100 with 6 warning signs
  • Industry Position: 0% at the Chemicals median (#700 of 1563)

No single metric tells the full story. See the TSE:4960 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chemipro Kasei Kaisha Business Description

Address KDC Kobe Building, 14F, 83 Kyou-machi, Chuo-ku, Hyogo, Kobe, JPN
Chemipro Kasei Kaisha Ltd is a Japan-based company engaged in the manufacture and sale of organic and industrial chemicals. It manufactures ultraviolet absorbers, intermediates of photographic chemicals, and papermaking chemical agents.
51GF Score

Get the complete analysis for TSE:4960

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

円553.00
Price
円311.14
GF Value