Flex FoodsBOM:523672 +2.25%52 Piotroski F-Score is 6 as of Jul. 03, 2026, which is at its 10-year median of 6.00. GuruFocus rates BOM:523672 with a GF Score™ of 52/100 and a GF Value™ of ₹121.47 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,909 Consumer Packaged Goods companies, Flex Foods ranks better than 73.34% 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
Flex Foods has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Flex Foods's Piotroski F-Score or its related term are showing as below:
BOM:523672'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 6 Max: 8
Current: 6
During the past 13 years, the highest Piotroski F-Score of Flex Foods was 8. The lowest was 2. And the median was 6.
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.
Flex Foods Piotroski F-Score Related Terms
Flex Foods Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Flex 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:523672 vs KHC, GIS: Piotroski F-Score Comparison
For the Packaged Foods subindustry, Flex 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.
Flex Foods Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Flex Foods's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Flex 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.
Flex Foods's current Net Income (TTM) was -318.
==> 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.
Flex Foods's return on assets of this year was -0.08184416. Flex Foods's return on assets of last year was -0.08280291.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Flex Foods's current ratio of this year was 0.71301378. Flex Foods's current ratio of last year was 0.76902457.
==> 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.
Flex Foods's number of shares in issue this year was 12.448. Flex Foods's number of shares in issue last year was 12.451.
==> 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.
Flex Foods's gross margin of this year was 0.3596394. Flex Foods's gross margin of last year was 0.31154942.
==> 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
Flex Foods's asset turnover of this year was 0.4892575. Flex Foods's asset turnover of last year was 0.37864129.
==> 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
Flex Foods has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Flex Foods (BOM:523672) has a Piotroski F-Score of 6 as of Jul. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Flex Foods and its competitors. This is near median its historical median of 6.00. Over the past decade, Flex Foods' Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Flex Foods ranks #509 out of 1909 companies in the Consumer Packaged Goods industry, placing it in the top 26.7%.
Is Flex Foods' Piotroski F-Score too high?
Flex Foods' current Piotroski F-Score of 6 is near 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. Flex Foods' value of 6 is 20% above this industry median. Based on the distribution chart, Flex Foods ranks #509 out of 1909 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Flex Foods has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Flex Foods' Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Flex Foods ranks #509 out of 1909 companies for Piotroski F-Score. This puts Flex Foods in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Flex Foods' value of 6 is 20% above this benchmark. Historically, Flex Foods' 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, Flex Foods 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,909 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. Flex Foods's current Piotroski F-Score of 6 is 20% 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 Flex 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. Flex Foods's current Piotroski F-Score is 6, which is near 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 Flex Foods stock overvalued right now?
Based on GuruFocus' analysis, Flex Foods (BOM:523672) is currently considered Possible Value Trap. The stock's GF Value™ is ₹121.47, compared to a current price of ₹45.91 — trading 62.2% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Consumer Packaged Goods industry median of 5.00. Flex Foods' overall GF Score™ is 52/100 with 7 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 Flex Foods (BOM:523672), the current Piotroski F-Score is 6 as of Jul. 03, 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 Flex Foods (BOM:523672) Overvalued in 2026?
Based on GuruFocus' analysis, Flex Foods stock appears to be undervalued.
The current stock price of ₹45.91 is trading 62.2% below its estimated GF Value™ of ₹121.47.
GuruFocus considers Flex Foods to be Possible Value Trap.
Key valuation signals for BOM:523672:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: ₹121.47 vs. price of ₹45.91 (62.2% below fair value)
Industry Position: 20% above the Consumer Packaged Goods median (#509 of 1909)
No single metric tells the full story. See the BOM:523672 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Flex Foods Ltd is engaged in the business of processed foods. The company is engaged in the cultivation and processing of Culinary Herbs, Mushrooms, Fruits, and Vegetables. The company offers a wide range of Vacuum Freeze-Dried, Air-Dried, Frozen, and IQF (Individually Quick Frozen) products. The company's operations are conducted in India and it also exports to the United States, Australia, Europe, and Asia, South Africa. Geographically, the company generates the majority of its revenue from outside India.
52GF Score
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