Kobayashi Pharmaceutical Co (TSE:4967) Piotroski F-Score: 6 (As of Jul. 22, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:4967 Kobayashi Pharmaceutical Co Ltd TSE:4967
81 GF Score
Price 円5,497.00
GF Value 円5,759.30
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Kobayashi Pharmaceutical Co Piotroski F-Score?

Kobayashi Pharmaceutical Co TSE:4967 -0.54% 81 Piotroski F-Score is 6 as of Jul. 22, 2026, which is at its 10-year median of 6.00. GuruFocus rates TSE:4967 with a GF Score™ of 81/100 and a GF Value™ of 円5,759.30 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,914 Consumer Packaged Goods companies, Kobayashi Pharmaceutical Co ranks better than 73.3% 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

Kobayashi Pharmaceutical Co 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 Kobayashi Pharmaceutical Co's Piotroski F-Score or its related term are showing as below:

TSE:4967' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of Kobayashi Pharmaceutical Co was 9. The lowest was 5. And the median was 6.

Kobayashi Pharmaceutical Co  (TSE:4967) 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.


Kobayashi Pharmaceutical Co Piotroski F-Score Related Terms


Kobayashi Pharmaceutical Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Kobayashi Pharmaceutical 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.

Kobayashi Pharmaceutical Co Piotroski F-Score Chart

Kobayashi Pharmaceutical Co Annual Data
Trend Mar16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.00 5.00 6.00 6.00 6.00

Kobayashi Pharmaceutical Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 0.00 0.00 0.00 6.00 0.00

TSE:4967 vs PG, CL, KVUE: Piotroski F-Score Comparison

For the Household & Personal Products subindustry, Kobayashi Pharmaceutical 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.


Kobayashi Pharmaceutical Co Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Kobayashi Pharmaceutical Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Kobayashi Pharmaceutical Co's Piotroski F-Score falls into.


TSE:4967
81GF Score
Kobayashi Pharmaceutical Co Ltd TSE:4967
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was 円3,656 Mil.
Cash Flow from Operations was 円25,590 Mil.
Revenue was 円165,742 Mil.
Gross Profit was 円84,711 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (265368 + 275329) / 2 = 円270348.5 Mil.
Total Assets at the begining of this year (Dec24) was 円265,368 Mil.
Long-Term Debt & Capital Lease Obligation was 円359 Mil.
Total Current Assets was 円148,820 Mil.
Total Current Liabilities was 円60,137 Mil.
Net Income was 円10,067 Mil.

Revenue was 円165,600 Mil.
Gross Profit was 円87,603 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (267473 + 265368) / 2 = 円266420.5 Mil.
Total Assets at the begining of last year (Dec23) was 円267,473 Mil.
Long-Term Debt & Capital Lease Obligation was 円503 Mil.
Total Current Assets was 円144,468 Mil.
Total Current Liabilities was 円46,423 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.

Kobayashi Pharmaceutical Co's current Net Income (TTM) was 3,656. ==> 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.

Kobayashi Pharmaceutical Co's current Cash Flow from Operations (TTM) was 25,590. ==> 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 (Dec24)
=3656/265368
=0.01377709

ROA (Last Year)=Net Income/Total Assets (Dec23)
=10067/267473
=0.03763744

Kobayashi Pharmaceutical Co's return on assets of this year was 0.01377709. Kobayashi Pharmaceutical Co's return on assets of last year was 0.03763744. ==> 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.

Kobayashi Pharmaceutical Co's current Net Income (TTM) was 3,656. Kobayashi Pharmaceutical Co's current Cash Flow from Operations (TTM) was 25,590. ==> 25,590 > 3,656 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=359/270348.5
=0.00132792

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=503/266420.5
=0.00188799

Kobayashi Pharmaceutical Co's gearing of this year was 0.00132792. Kobayashi Pharmaceutical Co's gearing of last year was 0.00188799. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=148820/60137
=2.47468281

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=144468/46423
=3.1119919

Kobayashi Pharmaceutical Co's current ratio of this year was 2.47468281. Kobayashi Pharmaceutical Co's current ratio of last year was 3.1119919. ==> 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.

Kobayashi Pharmaceutical Co's number of shares in issue this year was 74.338. Kobayashi Pharmaceutical Co's number of shares in issue last year was 74.338. ==> 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
=84711/165742
=0.51110159

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=87603/165600
=0.52900362

Kobayashi Pharmaceutical Co's gross margin of this year was 0.51110159. Kobayashi Pharmaceutical Co's gross margin of last year was 0.52900362. ==> 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 (Dec24)
=165742/265368
=0.62457418

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=165600/267473
=0.61912791

Kobayashi Pharmaceutical Co's asset turnover of this year was 0.62457418. Kobayashi Pharmaceutical Co's asset turnover of last year was 0.61912791. ==> 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+0+1+1+0+1+0+1
=6

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

Kobayashi Pharmaceutical Co has an F-score of 6 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 6 mean?
Kobayashi Pharmaceutical Co (TSE:4967) has a Piotroski F-Score of 6 as of Jul. 22, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kobayashi Pharmaceutical Co and its competitors. This is near median its historical median of 6.00. Over the past decade, Kobayashi Pharmaceutical Co's Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, Kobayashi Pharmaceutical Co ranks #511 out of 1914 companies in the Consumer Packaged Goods industry, placing it in the top 26.7%.
Is Kobayashi Pharmaceutical Co's Piotroski F-Score too high?
Kobayashi Pharmaceutical Co's current Piotroski F-Score of 6 is near 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 Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Kobayashi Pharmaceutical Co's value of 6 is 20% above this industry median. Based on the distribution chart, Kobayashi Pharmaceutical Co ranks #511 out of 1914 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Kobayashi Pharmaceutical Co has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kobayashi Pharmaceutical Co's Piotroski F-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Kobayashi Pharmaceutical Co ranks #511 out of 1914 companies for Piotroski F-Score. This puts Kobayashi Pharmaceutical Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Kobayashi Pharmaceutical Co's value of 6 is 20% above this benchmark. Historically, Kobayashi Pharmaceutical 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, Kobayashi Pharmaceutical 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 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. Kobayashi Pharmaceutical Co'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 Kobayashi Pharmaceutical Co 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. Kobayashi Pharmaceutical Co's current Piotroski F-Score is 6, which is near 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 Kobayashi Pharmaceutical Co stock overvalued right now?
Based on GuruFocus' analysis, Kobayashi Pharmaceutical Co (TSE:4967) is currently considered Fairly Valued. The stock's GF Value™ is 円5,759.30, compared to a current price of 円5,497.00 — trading 4.6% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Consumer Packaged Goods industry median of 5.00. Kobayashi Pharmaceutical Co's overall GF Score™ is 81/100 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 Kobayashi Pharmaceutical Co (TSE:4967), the current Piotroski F-Score is 6 as of Jul. 22, 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 Kobayashi Pharmaceutical Co (TSE:4967) Overvalued in 2026?

Based on GuruFocus' analysis, Kobayashi Pharmaceutical Co stock appears to be undervalued. The current stock price of 円5,497.00 is trading 4.6% below its estimated GF Value™ of 円5,759.30. GuruFocus considers Kobayashi Pharmaceutical Co to be Fairly Valued.

Key valuation signals for TSE:4967:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: 円5,759.30 vs. price of 円5,497.00 (4.6% below fair value)
  • GF Score™: 81/100 with 5 warning signs
  • Industry Position: 20% above the Consumer Packaged Goods median (#511 of 1914)

No single metric tells the full story. See the TSE:4967 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kobayashi Pharmaceutical Co Business Description

Address 4-4-10 Doshomachi, KDX Kobayashi Doshomachi Building, Chuo-ku, Osaka, JPN, 541-0045
Kobayashi Pharmaceutical Co Ltd is engaged in the manufacture and sale of healthcare products, daily necessities, and body warmers. The company operates through two reportable segments: Domestic Business and International Business, which handle production and sales activities in Japan and overseas, respectively. The company's product portfolio includes disposable body warmers, cooling gel sheets, OTC pharmaceuticals, oral hygiene products, air fresheners, eyeglass wipes, and deodorizing/household sundries.
81GF Score

Get the complete analysis for TSE:4967

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

円5,497.00
Price
円5,759.30
GF Value