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Shah FoodsBOM:519031 +1.97%25 Piotroski F-Score is 5 as of Jul. 19, 2026, which is 25% above its 10-year median of 4.00. GuruFocus rates BOM:519031 with a GF Score™ of 25/100. The stock has 6 warning signs investors should review. Among 1,914 Consumer Packaged Goods companies, Shah Foods ranks better than 51.78% 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
Shah Foods 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 Shah Foods's Piotroski F-Score or its related term are showing as below:
BOM:519031'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 4 Max: 5
Current: 5
During the past 13 years, the highest Piotroski F-Score of Shah Foods was 5. The lowest was 1. And the median was 4.
Shah Foods (BOM:519031) 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 Foods Piotroski F-Score Related Terms
Shah Foods Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Shah Foods'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.
BOM:519031 vs KHC, GIS: Piotroski F-Score Comparison
For the Packaged Foods subindustry, Shah Foods'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 Foods Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Shah Foods's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Shah Foods'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 Foods's current Net Income (TTM) was 32.90.
==> 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.
Shah Foods's return on assets of this year was 1.13975403. Shah Foods's return on assets of last year was 0.20780469.
==> 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 Foods's gearing of this year was 0.03625954. Shah Foods's gearing of last year was 0.74435671.
==> 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
Shah Foods's current ratio of this year was 1.48510079. Shah Foods's current ratio of last year was 1.33696156.
==> 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 Foods's number of shares in issue this year was 23.333. Shah Foods's number of shares in issue last year was 0.597.
==> 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.
Shah Foods's gross margin of this year was 0.12009244. Shah Foods's gross margin of last year was 0.07276188.
==> 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
Shah Foods's asset turnover of this year was 1.37921358. Shah Foods's asset turnover of last year was 7.27066513.
==> 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
Shah Foods has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Shah Foods (BOM:519031) has a Piotroski F-Score of 5 as of Jul. 19, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Shah Foods and its competitors. This is 25% above median its historical median of 4.00. Over the past decade, Shah Foods' Piotroski F-Score has ranged from 1.00 to 5.00. According to the industry distribution chart, Shah Foods ranks #923 out of 1914 companies in the Consumer Packaged Goods industry, placing it in the top 48.2%.
Is Shah Foods' Piotroski F-Score too high?
Shah Foods' current Piotroski F-Score of 5 is 25% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 5.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Shah Foods' value of 5 is 0% at this industry median. Based on the distribution chart, Shah Foods ranks #923 out of 1914 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Shah Foods has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does Shah Foods' Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Shah Foods ranks #923 out of 1914 companies for Piotroski F-Score. This puts Shah Foods in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Shah Foods' value of 5 is 0% at this benchmark. Historically, Shah Foods' own Piotroski F-Score has ranged from 1.00 to 5.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Shah Foods 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 1,914 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 Foods'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 Shah Foods 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. Shah Foods's current Piotroski F-Score is 5, which is 25% above 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 Foods stock overvalued right now?
Shah Foods (BOM:519031) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is 25% above median its 10-year median of 4.00 and 0% at the Consumer Packaged Goods industry median of 5.00. Shah Foods' overall GF Score™ is 25/100 with 6 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 Foods (BOM:519031), the current Piotroski F-Score is 5 as of Jul. 19, 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.
Shah Foods Ltd operates as a manufacturer of biscuits for Britannia Industries Limited in India. It is also involved in the trading of shares and securities.
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