Nissin Shoji Co (TSE:7490) Piotroski F-Score: 5 (As of Jul. 04, 2026) — 17% Below Median


TSE:7490 Nissin Shoji Co Ltd TSE:7490
51 GF Score
Price 円2,187.00
GF Value 円933.92
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Nissin Shoji Co Piotroski F-Score?

Nissin Shoji Co TSE:7490 +0.09% 51 Piotroski F-Score is 5 as of Jul. 04, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates TSE:7490 with a GF Score™ of 51/100 and a GF Value™ of 円933.92 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 557 Conglomerates companies, Nissin Shoji Co ranks better than 71.81% 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

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

TSE:7490' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 7
Current: 5

During the past 13 years, the highest Piotroski F-Score of Nissin Shoji Co was 7. The lowest was 3. And the median was 6.

Nissin Shoji Co  (TSE:7490) 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.


Nissin Shoji Co Piotroski F-Score Related Terms


Nissin Shoji Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Nissin Shoji 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.

Nissin Shoji Co Piotroski F-Score Chart

Nissin Shoji 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 4.00 6.00 5.00 6.00 5.00

Nissin Shoji Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 0.00

TSE:7490 vs HON, MMM: Piotroski F-Score Comparison

For the Conglomerates subindustry, Nissin Shoji 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.


Nissin Shoji Co Piotroski F-Score vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Nissin Shoji Co's Piotroski F-Score distribution charts can be found below:

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


TSE:7490
51GF Score
Nissin Shoji Co Ltd TSE:7490
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3,661 Mil.
Cash Flow from Operations was 円25 Mil.
Revenue was 円39,426 Mil.
Gross Profit was 円6,857 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (40373.995 + 42881.243) / 2 = 円41627.619 Mil.
Total Assets at the begining of this year (Mar25) was 円40,374 Mil.
Long-Term Debt & Capital Lease Obligation was 円4,395 Mil.
Total Current Assets was 円19,891 Mil.
Total Current Liabilities was 円8,708 Mil.
Net Income was 円615 Mil.

Revenue was 円39,035 Mil.
Gross Profit was 円7,326 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (38282.526 + 40373.995) / 2 = 円39328.2605 Mil.
Total Assets at the begining of last year (Mar24) was 円38,283 Mil.
Long-Term Debt & Capital Lease Obligation was 円7,696 Mil.
Total Current Assets was 円15,638 Mil.
Total Current Liabilities was 円5,499 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.

Nissin Shoji Co's current Net Income (TTM) was 3,661. ==> 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.

Nissin Shoji Co's current Cash Flow from Operations (TTM) was 25. ==> 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)
=3661.128/40373.995
=0.09068035

ROA (Last Year)=Net Income/Total Assets (Mar24)
=615.455/38282.526
=0.01607666

Nissin Shoji Co's return on assets of this year was 0.09068035. Nissin Shoji Co's return on assets of last year was 0.01607666. ==> 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.

Nissin Shoji Co's current Net Income (TTM) was 3,661. Nissin Shoji Co's current Cash Flow from Operations (TTM) was 25. ==> 25 <= 3,661 ==> 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
=4395.426/41627.619
=0.10558918

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=7695.634/39328.2605
=0.19567695

Nissin Shoji Co's gearing of this year was 0.10558918. Nissin Shoji Co's gearing of last year was 0.19567695. ==> 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
=19891.231/8708.096
=2.28422275

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=15637.61/5498.721
=2.84386315

Nissin Shoji Co's current ratio of this year was 2.28422275. Nissin Shoji Co's current ratio of last year was 2.84386315. ==> 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.

Nissin Shoji Co's number of shares in issue this year was 6.676. Nissin Shoji Co's number of shares in issue last year was 6.676. ==> 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
=6857.022/39425.833
=0.17392206

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=7325.658/39034.644
=0.18767068

Nissin Shoji Co's gross margin of this year was 0.17392206. Nissin Shoji Co's gross margin of last year was 0.18767068. ==> 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)
=39425.833/40373.995
=0.97651553

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=39034.644/38282.526
=1.01964651

Nissin Shoji Co's asset turnover of this year was 0.97651553. Nissin Shoji Co's asset turnover of last year was 1.01964651. ==> 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+1+0+1+0+0
=5

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

Nissin Shoji Co 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?
Nissin Shoji Co (TSE:7490) has a Piotroski F-Score of 5 as of Jul. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Nissin Shoji Co and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Nissin Shoji Co's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Nissin Shoji Co ranks #157 out of 557 companies in the Conglomerates industry, placing it in the top 28.2%.
Is Nissin Shoji Co's Piotroski F-Score too high?
Nissin Shoji Co'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 3.00 to a high of 7.00. The Conglomerates industry median Piotroski F-Score is 5.00. Nissin Shoji Co's value of 5 is 0% at this industry median. Based on the distribution chart, Nissin Shoji Co ranks #157 out of 557 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Nissin Shoji Co has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nissin Shoji Co's Piotroski F-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, Nissin Shoji Co ranks #157 out of 557 companies for Piotroski F-Score. This puts Nissin Shoji Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Nissin Shoji Co's value of 5 is 0% at this benchmark. Historically, Nissin Shoji Co's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Nissin Shoji 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 Conglomerates company?
The median Piotroski F-Score among Conglomerates companies is 5.00, based on 557 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. Nissin Shoji 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 Nissin Shoji Co and its competitors. For the Conglomerates 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. Nissin Shoji Co'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 Nissin Shoji Co stock overvalued right now?
Based on GuruFocus' analysis, Nissin Shoji Co (TSE:7490) is currently considered Significantly Overvalued. The stock's GF Value™ is 円933.92, compared to a current price of 円2,187.00 — trading 134.2% 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 Conglomerates industry median of 5.00. Nissin Shoji Co's overall GF Score™ is 51/100 with 4 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 Nissin Shoji Co (TSE:7490), the current Piotroski F-Score is 5 as of Jul. 04, 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 Nissin Shoji Co (TSE:7490) Overvalued in 2026?

Based on GuruFocus' analysis, Nissin Shoji Co stock appears to be overvalued. The current stock price of 円2,187.00 is trading 134.2% above its estimated GF Value™ of 円933.92. GuruFocus considers Nissin Shoji Co to be Significantly Overvalued.

Key valuation signals for TSE:7490:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: 円933.92 vs. price of 円2,187.00 (134.2% above fair value)
  • GF Score™: 51/100 with 4 warning signs
  • Industry Position: 0% at the Conglomerates median (#157 of 557)

No single metric tells the full story. See the TSE:7490 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nissin Shoji Co Business Description

Address 1-12-3 Shibaura, Minato-ku, 4th Foor, Daiwa Shibaura Building, Tokyo, JPN, 105-0023
Nissin Shoji Co Ltd is engaged in the sale of general petroleum products, petrochemical products, synthetic resin products, liquefied petroleum gas, and by-products. The company is also involved in real estate rental business, eating and drinking business, leasing of automobiles and automobile supplies, manufacture and sale of beverages, manufacture, and sale of agricultural materials, agency business related to telecommunications equipment sales and telecommunications service, and other business-related to power generation and power distribution.
51GF Score

Get the complete analysis for TSE:7490

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

円2,187.00
Price
円933.92
GF Value