Nojima Co (TSE:7419) Piotroski F-Score: 7 (As of Jul. 12, 2026) — 17% Above Median


TSE:7419 Nojima Co Ltd TSE:7419
69 GF Score
Price 円1,323.00
GF Value 円903.22
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Nojima Co Piotroski F-Score?

Nojima Co TSE:7419 -1.42% 69 Piotroski F-Score is 7 as of Jul. 12, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates TSE:7419 with a GF Score™ of 69/100 and a GF Value™ of 円903.22 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,099 Retail - Cyclical companies, Nojima Co ranks better than 91.08% 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

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

TSE:7419' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Nojima Co was 8. The lowest was 4. And the median was 6.

Nojima Co  (TSE:7419) 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.


Nojima Co Piotroski F-Score Related Terms


Nojima Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Nojima 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.

Nojima Co Piotroski F-Score Chart

Nojima 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 6.00 5.00 4.00 6.00 7.00

Nojima 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 6.00 0.00 0.00 0.00 7.00

TSE:7419 vs CASY, WSM, DKS: Piotroski F-Score Comparison

For the Specialty Retail subindustry, Nojima 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.


Nojima Co Piotroski F-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Nojima Co's Piotroski F-Score distribution charts can be found below:

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


TSE:7419
69GF Score
Nojima Co Ltd TSE:7419
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38,931 Mil.
Cash Flow from Operations was 円57,577 Mil.
Revenue was 円982,804 Mil.
Gross Profit was 円279,276 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (623810 + 594478) / 2 = 円609144 Mil.
Total Assets at the begining of this year (Mar25) was 円623,810 Mil.
Long-Term Debt & Capital Lease Obligation was 円54,320 Mil.
Total Current Assets was 円368,520 Mil.
Total Current Liabilities was 円238,658 Mil.
Net Income was 円32,292 Mil.

Revenue was 円853,427 Mil.
Gross Profit was 円245,980 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (547142 + 623810) / 2 = 円585476 Mil.
Total Assets at the begining of last year (Mar24) was 円547,142 Mil.
Long-Term Debt & Capital Lease Obligation was 円59,489 Mil.
Total Current Assets was 円396,676 Mil.
Total Current Liabilities was 円305,202 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.

Nojima Co's current Net Income (TTM) was 38,931. ==> 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.

Nojima Co's current Cash Flow from Operations (TTM) was 57,577. ==> 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)
=38931/623810
=0.06240843

ROA (Last Year)=Net Income/Total Assets (Mar24)
=32292/547142
=0.05901941

Nojima Co's return on assets of this year was 0.06240843. Nojima Co's return on assets of last year was 0.05901941. ==> 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.

Nojima Co's current Net Income (TTM) was 38,931. Nojima Co's current Cash Flow from Operations (TTM) was 57,577. ==> 57,577 > 38,931 ==> 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
=54320/609144
=0.08917432

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=59489/585476
=0.10160792

Nojima Co's gearing of this year was 0.08917432. Nojima Co's gearing of last year was 0.10160792. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=368520/238658
=1.54413428

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=396676/305202
=1.29971625

Nojima Co's current ratio of this year was 1.54413428. Nojima Co's current ratio of last year was 1.29971625. ==> 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.

Nojima Co's number of shares in issue this year was 311.05. Nojima Co's number of shares in issue last year was 303.211. ==> 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
=279276/982804
=0.28416246

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=245980/853427
=0.28822618

Nojima Co's gross margin of this year was 0.28416246. Nojima Co's gross margin of last year was 0.28822618. ==> 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 (Mar25)
=982804/623810
=1.57548613

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=853427/547142
=1.55979069

Nojima Co's asset turnover of this year was 1.57548613. Nojima Co's asset turnover of last year was 1.55979069. ==> 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+1+1+0+0+1
=7

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

Nojima 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?
Nojima Co (TSE:7419) has a Piotroski F-Score of 7 as of Jul. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Nojima Co and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Nojima Co's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Nojima Co ranks #98 out of 1099 companies in the Retail - Cyclical industry, placing it in the top 8.9%.
Is Nojima Co's Piotroski F-Score too high?
Nojima 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 8.00. The Retail - Cyclical industry median Piotroski F-Score is 5.00. Nojima Co's value of 7 is 40% above this industry median. Based on the distribution chart, Nojima Co ranks #98 out of 1099 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Nojima Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nojima Co's Piotroski F-Score compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Nojima Co ranks #98 out of 1099 companies for Piotroski F-Score. This places Nojima Co in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Nojima Co's value of 7 is 40% above this benchmark. Historically, Nojima Co's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Nojima 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 Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 5.00, based on 1,099 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. Nojima 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 Nojima Co and its competitors. For the Retail - Cyclical 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. Nojima 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 Nojima Co stock overvalued right now?
Based on GuruFocus' analysis, Nojima Co (TSE:7419) is currently considered Significantly Overvalued. The stock's GF Value™ is 円903.22, compared to a current price of 円1,323.00 — trading 46.5% 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 Retail - Cyclical industry median of 5.00. Nojima Co's overall GF Score™ is 69/100 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 Nojima Co (TSE:7419), the current Piotroski F-Score is 7 as of Jul. 12, 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 Nojima Co (TSE:7419) Overvalued in 2026?

Based on GuruFocus' analysis, Nojima Co stock appears to be overvalued. The current stock price of 円1,323.00 is trading 46.5% above its estimated GF Value™ of 円903.22. GuruFocus considers Nojima Co to be Significantly Overvalued.

Key valuation signals for TSE:7419:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: 円903.22 vs. price of 円1,323.00 (46.5% above fair value)
  • GF Score™: 69/100 with 2 warning signs
  • Industry Position: 40% above the Retail - Cyclical median (#98 of 1099)

No single metric tells the full story. See the TSE:7419 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nojima Co Business Description

Address 2-3-3 Minatomirai, 26th Floor Queens Tower B, Nishi-ku, Kanagawa, Yokohama, JPN, 045-228-3546
Nojima Co Ltd is a Japanese company which is engaged in manufacturing and sale of digital audio and visual (AV)-related equipment, information technology (IT)-related equipment and electric appliances. It products are televisions, audio equipment, portable music players, blue recorders, personal computers, software, printers, digital cameras and other peripheral products.
69GF Score

Get the complete analysis for TSE:7419

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

円1,323.00
Price
円903.22
GF Value