Thrive Future Habitats (BOM:523120) Piotroski F-Score: 4 (As of Aug. 12, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:523120 Thrive Future Habitats Ltd BOM:523120
47 GF Score
Price ₹79.71
GF Value ₹6.54
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Thrive Future Habitats Piotroski F-Score?

Thrive Future Habitats BOM:523120 +1.93% 47 Piotroski F-Score is 4 as of Aug. 12, 2026, which is at its 10-year median of 4.00. GuruFocus rates BOM:523120 with a GF Score™ of 47/100 and a GF Value™ of ₹6.54 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,907 Consumer Packaged Goods companies, Thrive Future Habitats ranks worse than 67.91% 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

Thrive Future Habitats 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 Thrive Future Habitats's Piotroski F-Score or its related term are showing as below:

BOM:523120' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 7
Current: 4

During the past 13 years, the highest Piotroski F-Score of Thrive Future Habitats was 7. The lowest was 1. And the median was 4.

Thrive Future Habitats  (BOM:523120) 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.


Thrive Future Habitats Piotroski F-Score Related Terms


Thrive Future Habitats Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Thrive Future Habitats'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.

Thrive Future Habitats Piotroski F-Score Chart

Thrive Future Habitats 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 2.00 3.00 6.00 4.00 4.00

Thrive Future Habitats 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 4.00

BOM:523120 vs PG, CL, KVUE: Piotroski F-Score Comparison

For the Household & Personal Products subindustry, Thrive Future Habitats'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.


Thrive Future Habitats Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Thrive Future Habitats's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Thrive Future Habitats's Piotroski F-Score falls into.


BOM:523120
47GF Score
Thrive Future Habitats Ltd BOM:523120
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 ₹-10.22 Mil.
Cash Flow from Operations was ₹-33.62 Mil.
Revenue was ₹12.16 Mil.
Gross Profit was ₹4.75 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (37.086 + 466.851) / 2 = ₹251.9685 Mil.
Total Assets at the begining of this year (Mar25) was ₹37.09 Mil.
Long-Term Debt & Capital Lease Obligation was ₹1.99 Mil.
Total Current Assets was ₹425.98 Mil.
Total Current Liabilities was ₹5.69 Mil.
Net Income was ₹-31.81 Mil.

Revenue was ₹21.69 Mil.
Gross Profit was ₹6.44 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (81.118 + 37.086) / 2 = ₹59.102 Mil.
Total Assets at the begining of last year (Mar24) was ₹81.12 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.
Total Current Assets was ₹13.79 Mil.
Total Current Liabilities was ₹14.53 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.

Thrive Future Habitats's current Net Income (TTM) was -10.22. ==> 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.

Thrive Future Habitats's current Cash Flow from Operations (TTM) was -33.62. ==> 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)
=-10.22/37.086
=-0.27557569

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-31.809/81.118
=-0.39213245

Thrive Future Habitats's return on assets of this year was -0.27557569. Thrive Future Habitats's return on assets of last year was -0.39213245. ==> 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.

Thrive Future Habitats's current Net Income (TTM) was -10.22. Thrive Future Habitats's current Cash Flow from Operations (TTM) was -33.62. ==> -33.62 <= -10.22 ==> 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
=1.992/251.9685
=0.00790575

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/59.102
=0

Thrive Future Habitats's gearing of this year was 0.00790575. Thrive Future Habitats'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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=425.98/5.69
=74.86467487

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=13.793/14.526
=0.94953876

Thrive Future Habitats's current ratio of this year was 74.86467487. Thrive Future Habitats's current ratio of last year was 0.94953876. ==> 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.

Thrive Future Habitats's number of shares in issue this year was 9.463. Thrive Future Habitats's number of shares in issue last year was 4.692. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=4.749/12.159
=0.39057488

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=6.442/21.69
=0.29700323

Thrive Future Habitats's gross margin of this year was 0.39057488. Thrive Future Habitats's gross margin of last year was 0.29700323. ==> 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)
=12.159/37.086
=0.32785957

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=21.69/81.118
=0.26738825

Thrive Future Habitats's asset turnover of this year was 0.32785957. Thrive Future Habitats's asset turnover of last year was 0.26738825. ==> 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
=0+0+1+0+0+1+0+1+1
=4

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

Thrive Future Habitats has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
Thrive Future Habitats (BOM:523120) has a Piotroski F-Score of 4 as of Aug. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Thrive Future Habitats and its competitors. This is near median its historical median of 4.00. Over the past decade, Thrive Future Habitats' Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, Thrive Future Habitats ranks #1295 out of 1907 companies in the Consumer Packaged Goods industry, placing it in the top 67.9%.
Is Thrive Future Habitats' Piotroski F-Score too high?
Thrive Future Habitats' 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 1.00 to a high of 7.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Thrive Future Habitats' value of 4 is 20% below this industry median. Based on the distribution chart, Thrive Future Habitats ranks #1295 out of 1907 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Thrive Future Habitats has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thrive Future Habitats' Piotroski F-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Thrive Future Habitats ranks #1295 out of 1907 companies for Piotroski F-Score. This places Thrive Future Habitats in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Thrive Future Habitats' value of 4 is 20% below this benchmark. Historically, Thrive Future Habitats' own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Thrive Future Habitats 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 1,907 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. Thrive Future Habitats'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 Thrive Future Habitats 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. Thrive Future Habitats'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 Thrive Future Habitats stock overvalued right now?
Based on GuruFocus' analysis, Thrive Future Habitats (BOM:523120) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹6.54, compared to a current price of ₹79.71 — trading 1118.8% 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 Consumer Packaged Goods industry median of 5.00. Thrive Future Habitats' overall GF Score™ is 47/100 with 4 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 Thrive Future Habitats (BOM:523120), the current Piotroski F-Score is 4 as of Aug. 12, 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 Thrive Future Habitats (BOM:523120) Overvalued in 2026?

Based on GuruFocus' analysis, Thrive Future Habitats stock appears to be overvalued. The current stock price of ₹79.71 is trading 1118.8% above its estimated GF Value™ of ₹6.54. GuruFocus considers Thrive Future Habitats to be Significantly Overvalued.

Key valuation signals for BOM:523120:

  • Piotroski F-Score: 4 (near median its 10-year median of 4.00)
  • GF Value™: ₹6.54 vs. price of ₹79.71 (1118.8% above fair value)
  • GF Score™: 47/100 with 4 warning signs
  • Industry Position: 20% below the Consumer Packaged Goods median (#1295 of 1907)

No single metric tells the full story. See the BOM:523120 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thrive Future Habitats Business Description

Address Ador House, 6 K Dubash Marg, 5th Floor, Fort, Mumbai, MH, IND, 400001
Thrive Future Habitats Ltd is an India-based contract manufacturer in the personal care and wellness products industry. The Company offers a range of personal care products, including hand sanitizers, hand wash, skincare products, serums, talcum powder, and face wash. It focuses on areas include sustainable processes, clean formulations, and consistent product quality.
47GF Score

Get the complete analysis for BOM:523120

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

₹79.71
Price
₹6.54
GF Value