Japan Pulp and Paper CoTSE:8032 +2.21%67 Piotroski F-Score is 7 as of Jul. 05, 2026, which is at its 10-year median of 7.00. GuruFocus rates TSE:8032 with a GF Score™ of 67/100 and a GF Value™ of 円757.08 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 282 Forest Products companies, Japan Pulp and Paper Co ranks better than 93.97% 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
Japan Pulp and Paper 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 Japan Pulp and Paper Co's Piotroski F-Score or its related term are showing as below:
TSE:8032'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 7 Max: 9
Current: 7
During the past 13 years, the highest Piotroski F-Score of Japan Pulp and Paper Co was 9. The lowest was 5. And the median was 7.
Japan Pulp and Paper Co (TSE:8032) 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.
Japan Pulp and Paper Co Piotroski F-Score Related Terms
Japan Pulp and Paper Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Japan Pulp and Paper 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.
Japan Pulp and Paper Co Piotroski F-Score Competitor Comparison
For the Paper & Paper Products subindustry, Japan Pulp and Paper 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.
Japan Pulp and Paper Co Piotroski F-Score vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Japan Pulp and Paper Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Japan Pulp and Paper 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.
Japan Pulp and Paper Co's current Net Income (TTM) was 4,720.
==> 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.
Japan Pulp and Paper Co's current Cash Flow from Operations (TTM) was 24,554.
==> 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.
Japan Pulp and Paper Co's return on assets of this year was 0.01203363. Japan Pulp and Paper Co's return on assets of last year was 0.02031156.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Japan Pulp and Paper Co's gearing of this year was 0.09639641. Japan Pulp and Paper Co's gearing of last year was 0.11106855.
==> 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
Japan Pulp and Paper Co's current ratio of this year was 1.18845127. Japan Pulp and Paper Co's current ratio of last year was 1.21818797.
==> 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.
Japan Pulp and Paper Co's number of shares in issue this year was 119.767. Japan Pulp and Paper Co's number of shares in issue last year was 123.475.
==> 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.
Japan Pulp and Paper Co's gross margin of this year was 0.17377332. Japan Pulp and Paper Co's gross margin of last year was 0.16494507.
==> 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
Japan Pulp and Paper Co's asset turnover of this year was 1.54698216. Japan Pulp and Paper Co's asset turnover of last year was 1.48807578.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
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7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Japan Pulp and Paper Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Japan Pulp and Paper Co (TSE:8032) has a Piotroski F-Score of 7 as of Jul. 05, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Japan Pulp and Paper Co and its competitors. This is near median its historical median of 7.00. Over the past decade, Japan Pulp and Paper Co's Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, Japan Pulp and Paper Co ranks #17 out of 282 companies in the Forest Products industry, placing it in the top 6%.
Is Japan Pulp and Paper Co's Piotroski F-Score too high?
Japan Pulp and Paper Co's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 9.00. The Forest Products industry median Piotroski F-Score is 5.00. Japan Pulp and Paper Co's value of 7 is 40% above this industry median. Based on the distribution chart, Japan Pulp and Paper Co ranks #17 out of 282 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Japan Pulp and Paper Co has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Japan Pulp and Paper Co's Piotroski F-Score compare to competitors?
According to the Forest Products industry distribution chart, Japan Pulp and Paper Co ranks #17 out of 282 companies for Piotroski F-Score. This places Japan Pulp and Paper Co in the top 6% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Japan Pulp and Paper Co's value of 7 is 40% above this benchmark. Historically, Japan Pulp and Paper Co's own Piotroski F-Score has ranged from 5.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Japan Pulp and Paper 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 Forest Products company?
The median Piotroski F-Score among Forest Products companies is 5.00, based on 282 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. Japan Pulp and Paper 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 Japan Pulp and Paper Co and its competitors. For the Forest Products 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. Japan Pulp and Paper Co's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Pulp and Paper Co stock overvalued right now?
Based on GuruFocus' analysis, Japan Pulp and Paper Co (TSE:8032) is currently considered Significantly Overvalued. The stock's GF Value™ is 円757.08, compared to a current price of 円1,108.00 — trading 46.4% above its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Forest Products industry median of 5.00. Japan Pulp and Paper Co's overall GF Score™ is 67/100 with 6 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 Japan Pulp and Paper Co (TSE:8032), the current Piotroski F-Score is 7 as of Jul. 05, 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 Japan Pulp and Paper Co (TSE:8032) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Pulp and Paper Co stock appears to be overvalued.
The current stock price of 円1,108.00 is trading 46.4% above its estimated GF Value™ of 円757.08.
GuruFocus considers Japan Pulp and Paper Co to be Significantly Overvalued.
Key valuation signals for TSE:8032:
Piotroski F-Score: 7 (near median its 10-year median of 7.00)
GF Value™: 円757.08 vs. price of 円1,108.00 (46.4% above fair value)
Industry Position: 40% above the Forest Products median (#17 of 282)
No single metric tells the full story. See the TSE:8032 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Japan Pulp and Paper Co Ltd engages in the manufacture, distribution, and sale of pulp, paper-related products, and plastic, among others. Also, the company is involved in real estate leasing and generation and sale of electricity.
67GF Score
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