PCS Technology (BOM:517119) Piotroski F-Score: 7 (As of Jul. 13, 2026) — 40% Above Median


BOM:517119 PCS Technology Ltd BOM:517119
72 GF Score
Price ₹19.23
GF Value ₹27.93
Valuation Significantly Undervalued
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What is PCS Technology Piotroski F-Score?

PCS Technology BOM:517119 -1.79% 72 Piotroski F-Score is 7 as of Jul. 13, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates BOM:517119 with a GF Score™ of 72/100 and a GF Value™ of ₹27.93 (Significantly Undervalued). Among 2,740 Software companies, PCS Technology ranks better than 91.72% 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

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

BOM:517119' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of PCS Technology was 7. The lowest was 2. And the median was 5.

PCS Technology  (BOM:517119) 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.


PCS Technology Piotroski F-Score Related Terms


PCS Technology Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for PCS Technology'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.

PCS Technology Piotroski F-Score Chart

PCS Technology Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 5.00 7.00 4.00 7.00

PCS Technology 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 4.00 0.00 0.00 0.00 7.00

BOM:517119 vs IBM, ACN, FISV: Piotroski F-Score Comparison

For the Information Technology Services subindustry, PCS Technology'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.


PCS Technology Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, PCS Technology's Piotroski F-Score distribution charts can be found below:

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


BOM:517119
72GF Score
PCS Technology Ltd BOM:517119
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 ₹17.32 Mil.
Cash Flow from Operations was ₹-4.58 Mil.
Revenue was ₹3.95 Mil.
Gross Profit was ₹-5.61 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (461.208 + 478.572) / 2 = ₹469.89 Mil.
Total Assets at the begining of this year (Mar25) was ₹461.21 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.
Total Current Assets was ₹382.82 Mil.
Total Current Liabilities was ₹5.96 Mil.
Net Income was ₹13.47 Mil.

Revenue was ₹3.66 Mil.
Gross Profit was ₹-5.67 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (485.738 + 461.208) / 2 = ₹473.473 Mil.
Total Assets at the begining of last year (Mar24) was ₹485.74 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.
Total Current Assets was ₹362.09 Mil.
Total Current Liabilities was ₹5.72 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.

PCS Technology's current Net Income (TTM) was 17.32. ==> 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.

PCS Technology's current Cash Flow from Operations (TTM) was -4.58. ==> 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.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=17.315/461.208
=0.03754271

ROA (Last Year)=Net Income/Total Assets (Mar24)
=13.471/485.738
=0.02773306

PCS Technology's return on assets of this year was 0.03754271. PCS Technology's return on assets of last year was 0.02773306. ==> This year is higher. ==> Score 1.

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.

PCS Technology's current Net Income (TTM) was 17.32. PCS Technology's current Cash Flow from Operations (TTM) was -4.58. ==> -4.58 <= 17.32 ==> CFROA <= ROA ==> Score 0.

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
=0/469.89
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/473.473
=0

PCS Technology's gearing of this year was 0. PCS Technology'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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=382.823/5.963
=64.19973168

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=362.09/5.719
=63.31351635

PCS Technology's current ratio of this year was 64.19973168. PCS Technology's current ratio of last year was 63.31351635. ==> 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.

PCS Technology's number of shares in issue this year was 21.377. PCS Technology's number of shares in issue last year was 21.383. ==> 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
=-5.605/3.953
=-1.41791045

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-5.668/3.656
=-1.55032823

PCS Technology's gross margin of this year was -1.41791045. PCS Technology's gross margin of last year was -1.55032823. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=3.953/461.208
=0.00857097

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=3.656/485.738
=0.00752669

PCS Technology's asset turnover of this year was 0.00857097. PCS Technology's asset turnover of last year was 0.00752669. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+0+1+0+1+1+1+1+1
=7

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

PCS Technology has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
PCS Technology (BOM:517119) has a Piotroski F-Score of 7 as of Jul. 13, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on PCS Technology and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, PCS Technology's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, PCS Technology ranks #227 out of 2740 companies in the Software industry, placing it in the top 8.3%.
Is PCS Technology's Piotroski F-Score too high?
PCS Technology's current Piotroski F-Score of 7 is 40% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Software industry median Piotroski F-Score is 5.00. PCS Technology's value of 7 is 40% above this industry median. Based on the distribution chart, PCS Technology ranks #227 out of 2740 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, PCS Technology has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PCS Technology's Piotroski F-Score compare to IBM and ACN?
According to the Software industry distribution chart, PCS Technology ranks #227 out of 2740 companies for Piotroski F-Score. This places PCS Technology in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. PCS Technology's value of 7 is 40% above this benchmark. Historically, PCS Technology'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 5.00 vs. the industry median of 5.00, PCS Technology 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,740 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. PCS Technology'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 PCS Technology and its competitors. For the Software 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. PCS Technology's current Piotroski F-Score is 7, which is 40% above 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 PCS Technology stock overvalued right now?
Based on GuruFocus' analysis, PCS Technology (BOM:517119) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹27.93, compared to a current price of ₹19.23 — trading 31.1% below its estimated fair value. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 40% above the Software industry median of 5.00. PCS Technology's overall GF Score™ is 72/100. 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 PCS Technology (BOM:517119), the current Piotroski F-Score is 7 as of Jul. 13, 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 PCS Technology (BOM:517119) Overvalued in 2026?

Based on GuruFocus' analysis, PCS Technology stock appears to be undervalued. The current stock price of ₹19.23 is trading 31.1% below its estimated GF Value™ of ₹27.93. GuruFocus considers PCS Technology to be Significantly Undervalued.

Key valuation signals for BOM:517119:

  • Piotroski F-Score: 7 (40% above median its 10-year median of 5.00)
  • GF Value™: ₹27.93 vs. price of ₹19.23 (31.1% below fair value)
  • GF Score™: 72/100
  • Industry Position: 40% above the Software median (#227 of 2740)

No single metric tells the full story. See the BOM:517119 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PCS Technology Business Description

Address Irani Market Compound, Shop no.1A, F-1, Yerwada, Pune, MH, IND, 411 006
PCS Technology Ltd is engaged mainly in IT & related FMS services, as such it is the only reportable business segment. Its services are Infrastructure Management Services (IMS) Governance and Risk Consultancy Services, Healthcare Software Solutions (HIMS/LIMS), Audio Video Solutions & Integration, IT Service Management Application Services (APPS) Real-Time Vehicle Tracking Solutions Staffing. Geographically, it operates only in India.
72GF Score

Get the complete analysis for BOM:517119

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

₹19.23
Price
₹27.93
GF Value