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.
Coromandel Agro Products & Oils Piotroski F-Score Related Terms
Coromandel Agro Products & Oils Piotroski F-Score Historical Data
* 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 Packaged Foods subindustry, Coromandel Agro Products & Oils'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.
Coromandel Agro Products & Oils Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Coromandel Agro Products & Oils's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Coromandel Agro Products & Oils'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.
Coromandel Agro Products & Oils's current Net Income (TTM) was 31.
==> 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.
Coromandel Agro Products & Oils's current Cash Flow from Operations (TTM) was -36.
==> Negative ==> Score 0.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Coromandel Agro Products & Oils's return on assets of this year was 0.06878078. Coromandel Agro Products & Oils's return on assets of last year was 0.08930448.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Coromandel Agro Products & Oils's gearing of this year was 0. Coromandel Agro Products & Oils's gearing of last year was 0.
==> 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
Coromandel Agro Products & Oils's current ratio of this year was 2.29146396. Coromandel Agro Products & Oils's current ratio of last year was 2.41611231.
==> 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.
Coromandel Agro Products & Oils's number of shares in issue this year was 0.79. Coromandel Agro Products & Oils's number of shares in issue last year was 0.79.
==> 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.
Coromandel Agro Products & Oils's gross margin of this year was 0.14761061. Coromandel Agro Products & Oils's gross margin of last year was 0.15023583.
==> 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
Coromandel Agro Products & Oils's asset turnover of this year was 2.35678853. Coromandel Agro Products & Oils's asset turnover of last year was 3.77291974.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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3
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Coromandel Agro Products & Oils has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Coromandel Agro Products & Oils (BOM:507543) has a Piotroski F-Score of 3 as of Jul. 06, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Coromandel Agro Products & Oils and its competitors. This is 50% below median its historical median of 6.00. Over the past decade, Coromandel Agro Products & Oils' Piotroski F-Score has ranged from 2.00 to 8.00.
Is Coromandel Agro Products & Oils' Piotroski F-Score too high?
Coromandel Agro Products & Oils' current Piotroski F-Score of 3 is 50% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Coromandel Agro Products & Oils' value of 3 is 40% below this industry median.
How does Coromandel Agro Products & Oils' Piotroski F-Score compare to competitors?
Coromandel Agro Products & Oils' Piotroski F-Score of 3 can be compared against companies in the Consumer Packaged Goods industry. The industry median Piotroski F-Score is 5.00. Coromandel Agro Products & Oils' value of 3 is 40% below this benchmark. Historically, Coromandel Agro Products & Oils' own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Coromandel Agro Products & Oils 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,912 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. Coromandel Agro Products & Oils's current Piotroski F-Score of 3 is 40% 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 Coromandel Agro Products & Oils 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. Coromandel Agro Products & Oils's current Piotroski F-Score is 3, which is 50% 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 Coromandel Agro Products & Oils stock overvalued right now?
Coromandel Agro Products & Oils (BOM:507543) has a current Piotroski F-Score of 3. The stock's GF Value™ is ₹5.92, compared to a current price of ₹2.58 — trading 56.4% below its estimated fair value. The current Piotroski F-Score is 3, which is 50% below median its 10-year median of 6.00 and 40% below the Consumer Packaged Goods industry median of 5.00. 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 Coromandel Agro Products & Oils (BOM:507543), the current Piotroski F-Score is 3 as of Jul. 06, 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.
Coromandel Agro Products & Oils Business Description
Coromandel Agro Products & Oils Ltd is a cottonseed processors company. The company's operating segment includes Seed Processing and Wind Turbine Generators. It generates maximum revenue from the Seed Processing segment. The company products include Cotton Seed Oil, Cotton Seed D.O.C, and Cotton Seed Hulls. The company generates all of its revenue from the sale of its products.
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