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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Shah Construction Co 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 Shah Construction Co's Piotroski F-Score or its related term are showing as below:
BOM:509870'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 7
Current: 4
During the past 11 years, the highest Piotroski F-Score of Shah Construction Co was 7. The lowest was 2. And the median was 4.
Shah Construction Co (BOM:509870) 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.
Shah Construction Co Piotroski F-Score Related Terms
Shah Construction Co Piotroski F-Score Historical Data
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The historical data trend for Shah Construction 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.
Shah Construction Co Piotroski F-Score Competitor Comparison
For the Engineering & Construction subindustry, Shah Construction 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.
Shah Construction Co Piotroski F-Score vs Construction Industry
For the Construction industry and Industrials sector, Shah Construction Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Shah Construction 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.
Shah Construction Co's current Net Income (TTM) was -17.54.
==> 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.
Shah Construction Co's current Cash Flow from Operations (TTM) was -27.24.
==> 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.
Shah Construction Co's return on assets of this year was -0.02147136. Shah Construction Co's return on assets of last year was -0.03296045.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Shah Construction Co's gearing of this year was 0.58207991. Shah Construction Co's gearing of last year was 0.
==> 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
Shah Construction Co's current ratio of this year was 0.20251335. Shah Construction Co's current ratio of last year was 0.18624082.
==> 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.
Shah Construction Co's number of shares in issue this year was 0.159. Shah Construction Co's number of shares in issue last year was 0.162.
==> 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.
Shah Construction Co's gross margin of this year was 1. Shah Construction Co's gross margin of last year was 1.
==> 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
Shah Construction Co's asset turnover of this year was 0.06420714. Shah Construction Co's asset turnover of last year was 0.04548339.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Shah Construction Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Shah Construction Co (BOM:509870) has a Piotroski F-Score of 4 as of Jul. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Shah Construction Co and its competitors. This is near median its historical median of 4.00. Over the past decade, Shah Construction Co's Piotroski F-Score has ranged from 2.00 to 7.00.
Is Shah Construction Co's Piotroski F-Score too high?
Shah Construction Co's current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Construction industry median Piotroski F-Score is 5.00. Shah Construction Co's value of 4 is 20% below this industry median. Overall, Shah Construction Co has a GF Score™ of 6/100, reflecting its overall financial health beyond just this single metric.
How does Shah Construction Co's Piotroski F-Score compare to competitors?
Shah Construction Co's Piotroski F-Score of 4 can be compared against companies in the Construction industry. The industry median Piotroski F-Score is 5.00. Shah Construction Co's value of 4 is 20% below this benchmark. Historically, Shah Construction Co's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Shah Construction Co 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,728 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. Shah Construction Co'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 Shah Construction Co and its competitors. For the Construction 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. Shah Construction Co's current Piotroski F-Score is 4, which is near median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shah Construction Co stock overvalued right now?
Shah Construction Co (BOM:509870) has a current Piotroski F-Score of 4. The stock's GF Value™ is ₹44.15, compared to a current price of ₹60.74 — trading 37.6% above its estimated fair value. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Construction industry median of 5.00. Shah Construction Co's overall GF Score™ is 6/100 with 3 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 Shah Construction Co (BOM:509870), the current Piotroski F-Score is 4 as of Jul. 29, 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 Shah Construction Co (BOM:509870) Overvalued in 2026?
Based on GuruFocus' analysis, Shah Construction Co stock appears to be overvalued.
The current stock price of ₹60.74 is trading 37.6% above its estimated GF Value™ of ₹44.15.
Key valuation signals for BOM:509870:
Piotroski F-Score: 4 (near median its 10-year median of 4.00)
GF Value™: ₹44.15 vs. price of ₹60.74 (37.6% above fair value)
Industry Position: 20% below the Construction median
No single metric tells the full story. See the BOM:509870 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shah Construction Co Ltd operates in the construction industry, focusing on the development of land and building construction. The company provides services spanning mechanical, electrical, instrumentation, telecommunication, and civil engineering. Its projects include residential, commercial, and infrastructure developments such as roads, bridges, and utilities. Shah Construction generates revenue from contracts for building and infrastructure projects, serving a diverse range of clients through its comprehensive engineering and construction solutions. The company's operations blend technical expertise with project execution across multiple sectors.
6GF Score
Get the complete analysis for BOM:509870
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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