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.
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.
Di Nikko Engineering CoTSE:6635 +2.62%61 Piotroski F-Score is 5 as of Jul. 21, 2026, which is at its 10-year median of 5.00. GuruFocus rates TSE:6635 with a GF Score™ of 61/100 and a GF Value™ of 円491.32 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,428 Hardware companies, Di Nikko Engineering Co ranks better than 59.18% 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
Di Nikko Engineering 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 Di Nikko Engineering Co's Piotroski F-Score or its related term are showing as below:
TSE:6635'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 8
Current: 5
During the past 13 years, the highest Piotroski F-Score of Di Nikko Engineering Co was 8. The lowest was 2. And the median was 5.
Di Nikko Engineering Co (TSE:6635) 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.
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.
Di Nikko Engineering Co Piotroski F-Score Related Terms
Di Nikko Engineering Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Di Nikko Engineering 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.
TSE:6635 vs APH, GLW: Piotroski F-Score Comparison
For the Electronic Components subindustry, Di Nikko Engineering 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.
Di Nikko Engineering Co Piotroski F-Score vs Hardware Industry
For the Hardware industry and Technology sector, Di Nikko Engineering Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Di Nikko Engineering Co'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.
Di Nikko Engineering Co's current Net Income (TTM) was 209.
==> 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.
Di Nikko Engineering Co's current Cash Flow from Operations (TTM) was 2,563.
==> 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.
Di Nikko Engineering Co's return on assets of this year was 0.00706476. Di Nikko Engineering Co's return on assets of last year was 0.00950021.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Di Nikko Engineering Co's gearing of this year was 0.10685277. Di Nikko Engineering Co's gearing of last year was 0.15802638.
==> 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
Di Nikko Engineering Co's current ratio of this year was 1.35399808. Di Nikko Engineering Co's current ratio of last year was 1.42866981.
==> 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.
Di Nikko Engineering Co's number of shares in issue this year was 6.646. Di Nikko Engineering Co's number of shares in issue last year was 6.767.
==> 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.
Di Nikko Engineering Co's gross margin of this year was 0.10486499. Di Nikko Engineering Co's gross margin of last year was 0.10785259.
==> 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
Di Nikko Engineering Co's asset turnover of this year was 1.25016427. Di Nikko Engineering Co's asset turnover of last year was 1.3343862.
==> 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
Di Nikko Engineering Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Di Nikko Engineering Co (TSE:6635) has a Piotroski F-Score of 5 as of Jul. 21, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Di Nikko Engineering Co and its competitors. This is near median its historical median of 5.00. Over the past decade, Di Nikko Engineering Co's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Di Nikko Engineering Co ranks #991 out of 2428 companies in the Hardware industry, placing it in the top 40.8%.
Is Di Nikko Engineering Co's Piotroski F-Score too high?
Di Nikko Engineering Co's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Hardware industry median Piotroski F-Score is 5.00. Di Nikko Engineering Co's value of 5 is 0% at this industry median. Based on the distribution chart, Di Nikko Engineering Co ranks #991 out of 2428 companies in the Hardware industry, which is above the industry midpoint. Overall, Di Nikko Engineering Co has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Di Nikko Engineering Co's Piotroski F-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Di Nikko Engineering Co ranks #991 out of 2428 companies for Piotroski F-Score. This puts Di Nikko Engineering Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Di Nikko Engineering Co's value of 5 is 0% at this benchmark. Historically, Di Nikko Engineering Co's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Di Nikko Engineering 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,428 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. Di Nikko Engineering 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 Di Nikko Engineering Co and its competitors. For the Hardware 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. Di Nikko Engineering Co's current Piotroski F-Score is 5, which is near median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Di Nikko Engineering Co stock overvalued right now?
Based on GuruFocus' analysis, Di Nikko Engineering Co (TSE:6635) is currently considered Significantly Overvalued. The stock's GF Value™ is 円491.32, compared to a current price of 円666.00 — trading 35.6% above its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Hardware industry median of 5.00. Di Nikko Engineering Co's overall GF Score™ is 61/100 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 Di Nikko Engineering Co (TSE:6635), the current Piotroski F-Score is 5 as of Jul. 21, 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 Di Nikko Engineering Co (TSE:6635) Overvalued in 2026?
Based on GuruFocus' analysis, Di Nikko Engineering Co stock appears to be overvalued.
The current stock price of 円666.00 is trading 35.6% above its estimated GF Value™ of 円491.32.
GuruFocus considers Di Nikko Engineering Co to be Significantly Overvalued.
Key valuation signals for TSE:6635:
Piotroski F-Score: 5 (near median its 10-year median of 5.00)
GF Value™: 円491.32 vs. price of 円666.00 (35.6% above fair value)
Industry Position: 0% at the Hardware median (#991 of 2428)
No single metric tells the full story. See the TSE:6635 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Di Nikko Engineering Co Ltd engages in the design, test, manufacture, distribution, and return/repair of electronic components and assemblies for original equipment manufacturers in Japan. Its services include the design to production of the circuit implementation of an electronic board used for an electronics product, an OA apparatus, optical goods, and communications equipment. Geographically company manages in two segments Japan and Asia.
61GF Score
Get the complete analysis for TSE:6635
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:6635 has been successfully added to your 
