Nakanishi (TSE:7716) Piotroski F-Score: 4 (As of Jun. 28, 2026) — 20% Below Median


TSE:7716 Nakanishi Inc TSE:7716
94 GF Score
Price 円2,989.00
GF Value 円3,266.03
Valuation Fairly Valued
! 8 Warning Signs
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What is Nakanishi Piotroski F-Score?

Nakanishi TSE:7716 94 Piotroski F-Score is 4 as of Jun. 28, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates TSE:7716 with a GF Score™ of 94/100 and a GF Value™ of 円3,266.03 (Fairly Valued). The stock has 8 warning signs investors should review. Among 807 Medical Devices & Instruments companies, Nakanishi ranks worse than 56.51% 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

Nakanishi has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

TSE:7716' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Nakanishi was 8. The lowest was 4. And the median was 5.

Nakanishi  (TSE:7716) 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.


Nakanishi Piotroski F-Score Related Terms


Nakanishi Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Nakanishi'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.

Nakanishi Piotroski F-Score Chart

Nakanishi Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 6.00 6.00 4.00 4.00

Nakanishi 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 4.00 0.00

TSE:7716 vs ISRG, BDX, MDLN: Piotroski F-Score Comparison

For the Medical Instruments & Supplies subindustry, Nakanishi'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.


Nakanishi Piotroski F-Score vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Nakanishi's Piotroski F-Score distribution charts can be found below:

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


TSE:7716
94GF Score
Nakanishi Inc TSE:7716
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-2,398 Mil.
Cash Flow from Operations was 円16,649 Mil.
Revenue was 円81,179 Mil.
Gross Profit was 円46,060 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (158299.542 + 160155.463) / 2 = 円159227.5025 Mil.
Total Assets at the begining of this year (Dec24) was 円158,300 Mil.
Long-Term Debt & Capital Lease Obligation was 円11,185 Mil.
Total Current Assets was 円102,409 Mil.
Total Current Liabilities was 円29,903 Mil.
Net Income was 円8,578 Mil.

Revenue was 円77,041 Mil.
Gross Profit was 円44,418 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (140768.641 + 158299.542) / 2 = 円149534.0915 Mil.
Total Assets at the begining of last year (Dec23) was 円140,769 Mil.
Long-Term Debt & Capital Lease Obligation was 円2,976 Mil.
Total Current Assets was 円84,886 Mil.
Total Current Liabilities was 円27,925 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.

Nakanishi's current Net Income (TTM) was -2,398. ==> Negative ==> Score 0.

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.

Nakanishi's current Cash Flow from Operations (TTM) was 16,649. ==> 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)
=-2398.213/158299.542
=-0.01514984

ROA (Last Year)=Net Income/Total Assets (Dec23)
=8577.872/140768.641
=0.06093596

Nakanishi's return on assets of this year was -0.01514984. Nakanishi's return on assets of last year was 0.06093596. ==> 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.

Nakanishi's current Net Income (TTM) was -2,398. Nakanishi's current Cash Flow from Operations (TTM) was 16,649. ==> 16,649 > -2,398 ==> 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
=11184.65/159227.5025
=0.0702432

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=2975.779/149534.0915
=0.01990034

Nakanishi's gearing of this year was 0.0702432. Nakanishi's gearing of last year was 0.01990034. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=102409.148/29902.52
=3.42476647

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=84886.057/27925.235
=3.0397616

Nakanishi's current ratio of this year was 3.42476647. Nakanishi's current ratio of last year was 3.0397616. ==> 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.

Nakanishi's number of shares in issue this year was 83.553. Nakanishi's number of shares in issue last year was 84.879. ==> 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
=46060.255/81179.143
=0.56739026

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=44418.322/77041.446
=0.57655099

Nakanishi's gross margin of this year was 0.56739026. Nakanishi's gross margin of last year was 0.57655099. ==> 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)
=81179.143/158299.542
=0.51281982

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=77041.446/140768.641
=0.54729125

Nakanishi's asset turnover of this year was 0.51281982. Nakanishi's asset turnover of last year was 0.54729125. ==> 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
=0+1+0+1+0+1+1+0+0
=4

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

Nakanishi has an F-score of 4 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 4 mean?
Nakanishi (TSE:7716) has a Piotroski F-Score of 4 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Nakanishi and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Nakanishi's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Nakanishi ranks #456 out of 807 companies in the Medical Devices & Instruments industry, placing it in the top 56.5%.
Is Nakanishi's Piotroski F-Score too high?
Nakanishi's current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Medical Devices & Instruments industry median Piotroski F-Score is 5.00. Nakanishi's value of 4 is 20% below this industry median. Based on the distribution chart, Nakanishi ranks #456 out of 807 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Nakanishi has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nakanishi's Piotroski F-Score compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Nakanishi ranks #456 out of 807 companies for Piotroski F-Score. This places Nakanishi in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Nakanishi's value of 4 is 20% below this benchmark. Historically, Nakanishi'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 5.00 vs. the industry median of 5.00, Nakanishi has consistently been below 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 Medical Devices & Instruments company?
The median Piotroski F-Score among Medical Devices & Instruments companies is 5.00, based on 807 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. Nakanishi's current Piotroski F-Score of 4 is 20% below 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 Nakanishi and its competitors. For the Medical Devices & Instruments 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. Nakanishi's current Piotroski F-Score is 4, which is 20% below 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 Nakanishi stock overvalued right now?
Based on GuruFocus' analysis, Nakanishi (TSE:7716) is currently considered Fairly Valued. The stock's GF Value™ is 円3,266.03, compared to a current price of 円2,989.00 — trading 8.5% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Medical Devices & Instruments industry median of 5.00. Nakanishi's overall GF Score™ is 94/100 with 8 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 Nakanishi (TSE:7716), the current Piotroski F-Score is 4 as of Jun. 28, 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 Nakanishi (TSE:7716) Overvalued in 2026?

Based on GuruFocus' analysis, Nakanishi stock appears to be undervalued. The current stock price of 円2,989.00 is trading 8.5% below its estimated GF Value™ of 円3,266.03. GuruFocus considers Nakanishi to be Fairly Valued.

Key valuation signals for TSE:7716:

  • Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
  • GF Value™: 円3,266.03 vs. price of 円2,989.00 (8.5% below fair value)
  • GF Score™: 94/100 with 8 warning signs
  • Industry Position: 20% below the Medical Devices & Instruments median (#456 of 807)

No single metric tells the full story. See the TSE:7716 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nakanishi Business Description

Other Exchanges NKNSF:USA
Address 700 Shimohinata, Kanuma-shi, Tochigi, JPN
Nakanishi Inc manufactures high-speed rotary cutting technology for the dental industry and the medical industry more broadly. The company distributes its products to countries internationally, earning its key revenue overseas. The company operates via three business segments. The dental product segment manufactures and sells handpieces for dental treatment, mechanical micro motors and handpieces as well as handpieces for surgeries. The surgical business segment manufactures and sells grinders for manual works and spindles for machinery attachment. The Machinery business segment provides inspection and repair services for its dental and medical equipment and general industrial cutting and grinding equipment.
94GF Score

Get the complete analysis for TSE:7716

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

円2,989.00
Price
円3,266.03
GF Value