Axis BankAXBKY 74 Piotroski F-Score is 1 as of Jun. 25, 2026, which is 80% below its 10-year median of 5.00. GuruFocus rates AXBKY with a GF Score™ of 74/100. The stock has 7 warning signs investors should review. Among 1,497 Banks companies, Axis Bank ranks worse than 99.13% on this metric.
Warning Sign:
Piotroski F-Score of 1 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Axis Bank has an F-score of 1. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Axis Bank's Piotroski F-Score or its related term are showing as below:
AXBKY'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 5 Max: 7
Current: 1
During the past 13 years, the highest Piotroski F-Score of Axis Bank was 7. The lowest was 1. And the median was 5.
Axis Bank (OTCPK:AXBKY) 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.
Axis Bank Piotroski F-Score Related Terms
Axis Bank Piotroski F-Score Historical Data
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The historical data trend for Axis Bank'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.
For the Banks - Regional subindustry, Axis Bank'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.
Axis Bank Piotroski F-Score vs Banks Industry
For the Banks industry and Financial Services sector, Axis Bank's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Axis Bank'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.
Axis Bank's current Net Income (TTM) was 2,842.64.
==> 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.
Axis Bank's return on assets of this year was 0.01484337. Axis Bank's return on assets of last year was 0.01773121.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Axis Bank's gearing of this year was 0.15066637. Axis Bank's gearing of last year was 0.13625975.
==> 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
* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.
Axis Bank's current ratio of this year was 1.12474364. Axis Bank's current ratio of last year was 1.12788214.
==> 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.
Axis Bank's number of shares in issue this year was 624.641. Axis Bank's number of shares in issue last year was 622.202.
==> 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.
* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.
Axis Bank's net margin of this year was 0.29936197. Axis Bank's net margin of last year was 0.3305246.
==> Last year's net 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
Axis Bank's asset turnover of this year was 0.04958334. Axis Bank's asset turnover of last year was 0.05364567.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Axis Bank has an F-score of 1. It is a bad or low score, which usually implies poor business operation.
Axis Bank (AXBKY) has a Piotroski F-Score of 1 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Axis Bank and its competitors. This is 80% below median its historical median of 5.00. Over the past decade, Axis Bank's Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, Axis Bank ranks #1484 out of 1497 companies in the Banks industry, placing it in the top 99.1%.
Is Axis Bank's Piotroski F-Score too high?
Axis Bank's current Piotroski F-Score of 1 is 80% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 7.00. The Banks industry median Piotroski F-Score is 6.00. Axis Bank's value of 1 is 83.3% below this industry median. Based on the distribution chart, Axis Bank ranks #1484 out of 1497 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Axis Bank has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Axis Bank's Piotroski F-Score compare to competitors?
According to the Banks industry distribution chart, Axis Bank ranks #1484 out of 1497 companies for Piotroski F-Score. This places Axis Bank in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Axis Bank's value of 1 is 83.3% below this benchmark. Historically, Axis Bank's own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Axis Bank 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 Banks company?
The median Piotroski F-Score among Banks companies is 6.00, based on 1,497 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. Axis Bank's current Piotroski F-Score of 1 is 83.3% 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 Axis Bank and its competitors. For the Banks industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Axis Bank's current Piotroski F-Score is 1, which is 80% 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 Axis Bank stock overvalued right now?
Axis Bank (AXBKY) has a current Piotroski F-Score of 1. The current Piotroski F-Score is 1, which is 80% below median its 10-year median of 5.00 and 83.3% below the Banks industry median of 6.00. Axis Bank's overall GF Score™ is 74/100 with 7 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 Axis Bank (AXBKY), the current Piotroski F-Score is 1 as of Jun. 25, 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.
Axis Bank Ltd is a full-service bank operating mostly in India. The bank operates under four segments: treasury, corporate/wholesale banking, retail banking, Digital Banking and other banking. Treasury operations include security investments and derivative trading. Corporate/wholesale banking solutions include mid/large corporate relationships, corporate advisory, project appraisals, and syndication. Retail banking solutions include lending to individual/small businesses, savings accounts, debit and credit cards, ATMs and mobile banking, personal loans. Other banking operations include third-party product distribution and other banking transactions. It derives maximum revenue from Retail Banking.
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