NISHIKAWA RUBBER Co (TSE:5161) Piotroski F-Score: 7 (As of Jul. 16, 2026) — 17% Above Median

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TSE:5161 NISHIKAWA RUBBER Co Ltd TSE:5161
66 GF Score
Price 円3,170.00
GF Value 円1,165.43
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is NISHIKAWA RUBBER Co Piotroski F-Score?

NISHIKAWA RUBBER Co TSE:5161 +0.63% 66 Piotroski F-Score is 7 as of Jul. 16, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates TSE:5161 with a GF Score™ of 66/100 and a GF Value™ of 円1,165.43 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,285 Vehicles & Parts companies, NISHIKAWA RUBBER Co ranks better than 89.11% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

NISHIKAWA RUBBER Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

TSE:5161' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of NISHIKAWA RUBBER Co was 7. The lowest was 4. And the median was 6.

NISHIKAWA RUBBER Co  (TSE:5161) 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.


NISHIKAWA RUBBER Co Piotroski F-Score Related Terms


NISHIKAWA RUBBER Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for NISHIKAWA RUBBER 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.

NISHIKAWA RUBBER Co Piotroski F-Score Chart

NISHIKAWA RUBBER Co 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 5.00 6.00 7.00 5.00 7.00

NISHIKAWA RUBBER 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 5.00 0.00 0.00 0.00 7.00

TSE:5161 vs ORLY, AZO: Piotroski F-Score Comparison

For the Auto Parts subindustry, NISHIKAWA RUBBER 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.


NISHIKAWA RUBBER Co Piotroski F-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, NISHIKAWA RUBBER Co's Piotroski F-Score distribution charts can be found below:

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


TSE:5161
66GF Score
NISHIKAWA RUBBER Co Ltd TSE:5161
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10,960 Mil.
Cash Flow from Operations was 円12,214 Mil.
Revenue was 円122,138 Mil.
Gross Profit was 円23,440 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (138400 + 147367) / 2 = 円142883.5 Mil.
Total Assets at the begining of this year (Mar25) was 円138,400 Mil.
Long-Term Debt & Capital Lease Obligation was 円10,726 Mil.
Total Current Assets was 円80,387 Mil.
Total Current Liabilities was 円34,260 Mil.
Net Income was 円3,957 Mil.

Revenue was 円120,639 Mil.
Gross Profit was 円21,428 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (137732 + 138400) / 2 = 円138066 Mil.
Total Assets at the begining of last year (Mar24) was 円137,732 Mil.
Long-Term Debt & Capital Lease Obligation was 円8,638 Mil.
Total Current Assets was 円76,120 Mil.
Total Current Liabilities was 円29,924 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.

NISHIKAWA RUBBER Co's current Net Income (TTM) was 10,960. ==> 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.

NISHIKAWA RUBBER Co's current Cash Flow from Operations (TTM) was 12,214. ==> 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)
=10960/138400
=0.07919075

ROA (Last Year)=Net Income/Total Assets (Mar24)
=3957/137732
=0.02872971

NISHIKAWA RUBBER Co's return on assets of this year was 0.07919075. NISHIKAWA RUBBER Co's return on assets of last year was 0.02872971. ==> 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.

NISHIKAWA RUBBER Co's current Net Income (TTM) was 10,960. NISHIKAWA RUBBER Co's current Cash Flow from Operations (TTM) was 12,214. ==> 12,214 > 10,960 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=10726/142883.5
=0.07506815

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=8638/138066
=0.06256428

NISHIKAWA RUBBER Co's gearing of this year was 0.07506815. NISHIKAWA RUBBER Co's gearing of last year was 0.06256428. ==> 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
=80387/34260
=2.34638062

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=76120/29924
=2.54377757

NISHIKAWA RUBBER Co's current ratio of this year was 2.34638062. NISHIKAWA RUBBER Co's current ratio of last year was 2.54377757. ==> 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.

NISHIKAWA RUBBER Co's number of shares in issue this year was 37.304. NISHIKAWA RUBBER Co's number of shares in issue last year was 38.615. ==> 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
=23440/122138
=0.19191406

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=21428/120639
=0.17762084

NISHIKAWA RUBBER Co's gross margin of this year was 0.19191406. NISHIKAWA RUBBER Co's gross margin of last year was 0.17762084. ==> 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)
=122138/138400
=0.8825

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=120639/137732
=0.87589667

NISHIKAWA RUBBER Co's asset turnover of this year was 0.8825. NISHIKAWA RUBBER Co's asset turnover of last year was 0.87589667. ==> 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+0+0+1+1+1
=7

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

NISHIKAWA RUBBER Co has an F-score of 7. 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 7 mean?
NISHIKAWA RUBBER Co (TSE:5161) has a Piotroski F-Score of 7 as of Jul. 16, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on NISHIKAWA RUBBER Co and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, NISHIKAWA RUBBER Co's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, NISHIKAWA RUBBER Co ranks #140 out of 1285 companies in the Vehicles & Parts industry, placing it in the top 10.9%.
Is NISHIKAWA RUBBER Co's Piotroski F-Score too high?
NISHIKAWA RUBBER Co's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Vehicles & Parts industry median Piotroski F-Score is 5.00. NISHIKAWA RUBBER Co's value of 7 is 40% above this industry median. Based on the distribution chart, NISHIKAWA RUBBER Co ranks #140 out of 1285 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, NISHIKAWA RUBBER Co has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NISHIKAWA RUBBER Co's Piotroski F-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, NISHIKAWA RUBBER Co ranks #140 out of 1285 companies for Piotroski F-Score. This places NISHIKAWA RUBBER Co in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. NISHIKAWA RUBBER Co's value of 7 is 40% above this benchmark. Historically, NISHIKAWA RUBBER Co's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, NISHIKAWA RUBBER 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 Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 5.00, based on 1,285 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. NISHIKAWA RUBBER Co's current Piotroski F-Score of 7 is 40% 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 NISHIKAWA RUBBER Co and its competitors. For the Vehicles & Parts 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. NISHIKAWA RUBBER Co's current Piotroski F-Score is 7, which is 17% above 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 NISHIKAWA RUBBER Co stock overvalued right now?
Based on GuruFocus' analysis, NISHIKAWA RUBBER Co (TSE:5161) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,165.43, compared to a current price of 円3,170.00 — trading 172% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Vehicles & Parts industry median of 5.00. NISHIKAWA RUBBER Co's overall GF Score™ is 66/100 with 2 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 NISHIKAWA RUBBER Co (TSE:5161), the current Piotroski F-Score is 7 as of Jul. 16, 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 NISHIKAWA RUBBER Co (TSE:5161) Overvalued in 2026?

Based on GuruFocus' analysis, NISHIKAWA RUBBER Co stock appears to be overvalued. The current stock price of 円3,170.00 is trading 172% above its estimated GF Value™ of 円1,165.43. GuruFocus considers NISHIKAWA RUBBER Co to be Significantly Overvalued.

Key valuation signals for TSE:5161:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: 円1,165.43 vs. price of 円3,170.00 (172% above fair value)
  • GF Score™: 66/100 with 2 warning signs
  • Industry Position: 40% above the Vehicles & Parts median (#140 of 1285)

No single metric tells the full story. See the TSE:5161 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NISHIKAWA RUBBER Co Business Description

Address 2-2-8 Misasacho, Nishi-Ku, Hiroshima Prefecture, Hiroshima, JPN, 733-8510
NISHIKAWA RUBBER Co Ltd manufactures and sells rubber sealing products for automotive, housing, and civil engineering related products. It offers automotive-related products, such as glass runs, interior and exterior moldings, waist sealings, electrical equipment packing materials, and others; and housing-related products, including joint gaskets, backup seals, door seals, and other seals. The company also provides civil engineering-related products, including AN joint I, AN joint III, Excel joints, and ANB flexible joints for sewage works and water-swelling sponge applications. Its reportable segments are Japan, which derives the maximum revenue, North America, East Asia, and Southeast Asia.
66GF Score

Get the complete analysis for TSE:5161

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

円3,170.00
Price
円1,165.43
GF Value