UNICY (Unicharm) Piotroski F-Score: 5 (As of Jun. 26, 2026) — 17% Below Median


UNICY Unicharm Corp UNICY
78 GF Score
Price $2.85
GF Value $4.11
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Unicharm Piotroski F-Score?

Unicharm UNICY +1.44% 78 Piotroski F-Score is 5 as of Jun. 26, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates UNICY with a GF Score™ of 78/100 and a GF Value™ of $4.11 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,911 Consumer Packaged Goods companies, Unicharm ranks better than 52.07% 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

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

UNICY' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of Unicharm was 9. The lowest was 4. And the median was 6.

Unicharm  (OTCPK:UNICY) 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.


Unicharm Piotroski F-Score Related Terms


Unicharm Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Unicharm'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.

Unicharm Piotroski F-Score Chart

Unicharm 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 8.00 5.00 5.00

Unicharm 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 6.00 N/A 5.00 5.00

UNICY vs PG, CL, KVUE: Piotroski F-Score Comparison

For the Household & Personal Products subindustry, Unicharm'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.


Unicharm Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Unicharm's Piotroski F-Score distribution charts can be found below:

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


UNICY
78GF Score
Unicharm Corp UNICY
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 117.003 + 127.841 + 28.836 + 124.513 = $398 Mil.
Cash Flow from Operations was 213.457 + 207.814 + 265.888 + 187.834 = $875 Mil.
Revenue was 1637.903 + 1555.867 + 1610.127 + 1475.807 = $6,280 Mil.
Gross Profit was 638.647 + 613.501 + 628.58 + 586.334 = $2,467 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(7966.35 + 8155.298 + 7974.522 + 7845.146 + 7492.361) / 5 = $7886.7354 Mil.
Total Assets at the begining of this year (Mar25) was $7,966 Mil.
Long-Term Debt & Capital Lease Obligation was $47 Mil.
Total Current Assets was $3,834 Mil.
Total Current Liabilities was $1,494 Mil.
Net Income was 138.091 + 139.374 + 144.915 + 167.103 = $589 Mil.

Revenue was 1592.854 + 1639.15 + 1735.398 + 1526.39 = $6,494 Mil.
Gross Profit was 643.025 + 636.107 + 684.377 + 594.166 = $2,558 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(7739.994 + 7735.588 + 0 + 8061.494 + 7966.35) / 5 = $7875.8565 Mil.
Total Assets at the begining of last year (Mar24) was $7,740 Mil.
Long-Term Debt & Capital Lease Obligation was $38 Mil.
Total Current Assets was $4,226 Mil.
Total Current Liabilities was $1,833 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.

Unicharm's current Net Income (TTM) was 398. ==> 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.

Unicharm's current Cash Flow from Operations (TTM) was 875. ==> 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)
=398.193/7966.35
=0.04998437

ROA (Last Year)=Net Income/Total Assets (Mar24)
=589.483/7739.994
=0.07616065

Unicharm's return on assets of this year was 0.04998437. Unicharm's return on assets of last year was 0.07616065. ==> 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.

Unicharm's current Net Income (TTM) was 398. Unicharm's current Cash Flow from Operations (TTM) was 875. ==> 875 > 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=46.829/7886.7354
=0.00593769

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=37.73/7875.8565
=0.00479059

Unicharm's gearing of this year was 0.00593769. Unicharm's gearing of last year was 0.00479059. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=3833.783/1494.341
=2.56553424

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=4225.769/1833.016
=2.30536395

Unicharm's current ratio of this year was 2.56553424. Unicharm's current ratio of last year was 2.30536395. ==> 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.

Unicharm's number of shares in issue this year was 3466.099. Unicharm's number of shares in issue last year was 3513.698. ==> 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
=2467.062/6279.704
=0.39286278

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2557.675/6493.792
=0.39386463

Unicharm's gross margin of this year was 0.39286278. Unicharm's gross margin of last year was 0.39386463. ==> 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)
=6279.704/7966.35
=0.7882787

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=6493.792/7739.994
=0.83899186

Unicharm's asset turnover of this year was 0.7882787. Unicharm's asset turnover of last year was 0.83899186. ==> 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+0+1+1+0+0
=5

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

Unicharm 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?
Unicharm (UNICY) has a Piotroski F-Score of 5 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Unicharm and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Unicharm's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Unicharm ranks #916 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 47.9%.
Is Unicharm's Piotroski F-Score too high?
Unicharm'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 4.00 to a high of 9.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Unicharm's value of 5 is 0% at this industry median. Based on the distribution chart, Unicharm ranks #916 out of 1911 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Unicharm has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Unicharm's Piotroski F-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Unicharm ranks #916 out of 1911 companies for Piotroski F-Score. This puts Unicharm in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Unicharm's value of 5 is 0% at this benchmark. Historically, Unicharm's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Unicharm 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,911 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. Unicharm'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 Unicharm and its competitors. For the Consumer Packaged Goods 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. Unicharm'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 Unicharm stock overvalued right now?
Based on GuruFocus' analysis, Unicharm (UNICY) is currently considered Significantly Undervalued. The stock's GF Value™ is $4.11, compared to a current price of $2.85 — trading 30.6% below 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 Consumer Packaged Goods industry median of 5.00. Unicharm's overall GF Score™ is 78/100 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 Unicharm (UNICY), the current Piotroski F-Score is 5 as of Jun. 26, 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 Unicharm (UNICY) Overvalued in 2026?

Based on GuruFocus' analysis, Unicharm stock appears to be undervalued. The current stock price of $2.85 is trading 30.6% below its estimated GF Value™ of $4.11. GuruFocus considers Unicharm to be Significantly Undervalued.

Key valuation signals for UNICY:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: $4.11 vs. price of $2.85 (30.6% below fair value)
  • GF Score™: 78/100 with 4 warning signs
  • Industry Position: 0% at the Consumer Packaged Goods median (#916 of 1911)

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


Unicharm Business Description

Address 3-5-19, Mita, Sumitomo Fudosan Tokyo Mita Garden Tower, Minato-ku, Tokyo, JPN, 108-8575
Focusing on personal hygiene products utilizing nonwoven fabric, Unicharm is the largest manufacturer of disposable baby diapers and feminine sanitary and adult incontinence products in Japan and Asia. Its personal care business accounted for around 80% of its sales as of 2025, with the balance mainly from pet care. Unicharm generates around 60% of its revenue from overseas, of which nearly three-fourths are from Asia, mostly China, Indonesia, and Thailand. India is the fastest-growing market, followed by Vietnam. Outside Asia, Unicharm operates in Saudi Arabia, the Americas, and Europe. Drugstores, supermarkets, baby product specialty stores, and e-commerce are the key sales channels.
78GF Score

Get the complete analysis for UNICY

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

$2.85
Price
$4.11
GF Value