Century Plyboards (India)BOM:532548 +3.05%91 Piotroski F-Score is 6 as of Jul. 06, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates BOM:532548 with a GF Score™ of 91/100 and a GF Value™ of ₹968.69 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 282 Forest Products companies, Century Plyboards (India) ranks better than 80.14% 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
Century Plyboards (India) 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 Century Plyboards (India)'s Piotroski F-Score or its related term are showing as below:
BOM:532548'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 7 Max: 9
Current: 6
During the past 13 years, the highest Piotroski F-Score of Century Plyboards (India) was 9. The lowest was 1. And the median was 7.
Century Plyboards (India) (BOM:532548) 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.
Century Plyboards (India) Piotroski F-Score Related Terms
Century Plyboards (India) Piotroski F-Score Historical Data
* 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:532548 vs SSD, UFPI, BCC: Piotroski F-Score Comparison
For the Lumber & Wood Production subindustry, Century Plyboards (India)'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.
Century Plyboards (India) Piotroski F-Score vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Century Plyboards (India)'s Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Century Plyboards (India)'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.
Century Plyboards (India)'s current Net Income (TTM) was 2,627.
==> 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.
Century Plyboards (India)'s current Cash Flow from Operations (TTM) was 4,570.
==> Positive ==> Score 1.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Century Plyboards (India)'s return on assets of this year was 0.0571968. Century Plyboards (India)'s return on assets of last year was 0.05210677.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Century Plyboards (India)'s gearing of this year was 0.11307912. Century Plyboards (India)'s gearing of last year was 0.13083774.
==> 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
Century Plyboards (India)'s current ratio of this year was 1.04780746. Century Plyboards (India)'s current ratio of last year was 1.06606846.
==> 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.
Century Plyboards (India)'s number of shares in issue this year was 222.247. Century Plyboards (India)'s number of shares in issue last year was 222.206.
==> 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.
Century Plyboards (India)'s gross margin of this year was 0.48557081. Century Plyboards (India)'s gross margin of last year was 0.46248543.
==> 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
Century Plyboards (India)'s asset turnover of this year was 1.17513058. Century Plyboards (India)'s asset turnover of last year was 1.27309114.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Century Plyboards (India) has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Century Plyboards (India) (BOM:532548) has a Piotroski F-Score of 6 as of Jul. 06, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Century Plyboards (India) and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Century Plyboards (India)'s Piotroski F-Score has ranged from 1.00 to 9.00. According to the industry distribution chart, Century Plyboards (India) ranks #56 out of 282 companies in the Forest Products industry, placing it in the top 19.9%.
Is Century Plyboards (India)'s Piotroski F-Score too high?
Century Plyboards (India)'s current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 9.00. The Forest Products industry median Piotroski F-Score is 5.00. Century Plyboards (India)'s value of 6 is 20% above this industry median. Based on the distribution chart, Century Plyboards (India) ranks #56 out of 282 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Century Plyboards (India) has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Century Plyboards (India)'s Piotroski F-Score compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Century Plyboards (India) ranks #56 out of 282 companies for Piotroski F-Score. This places Century Plyboards (India) in the top 20% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Century Plyboards (India)'s value of 6 is 20% above this benchmark. Historically, Century Plyboards (India)'s own Piotroski F-Score has ranged from 1.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Century Plyboards (India) 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 Forest Products company?
The median Piotroski F-Score among Forest Products companies is 5.00, based on 282 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. Century Plyboards (India)'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 Century Plyboards (India) and its competitors. For the Forest Products 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. Century Plyboards (India)'s current Piotroski F-Score is 6, which is 14% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Century Plyboards (India) stock overvalued right now?
Based on GuruFocus' analysis, Century Plyboards (India) (BOM:532548) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹968.69, compared to a current price of ₹776.80 — trading 19.8% below its estimated fair value. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Forest Products industry median of 5.00. Century Plyboards (India)'s overall GF Score™ is 91/100 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 Century Plyboards (India) (BOM:532548), the current Piotroski F-Score is 6 as of Jul. 06, 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 Century Plyboards (India) (BOM:532548) Overvalued in 2026?
Based on GuruFocus' analysis, Century Plyboards (India) stock appears to be undervalued.
The current stock price of ₹776.80 is trading 19.8% below its estimated GF Value™ of ₹968.69.
GuruFocus considers Century Plyboards (India) to be Modestly Undervalued.
Key valuation signals for BOM:532548:
Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
GF Value™: ₹968.69 vs. price of ₹776.80 (19.8% below fair value)
Industry Position: 20% above the Forest Products median (#56 of 282)
No single metric tells the full story. See the BOM:532548 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Century Plyboards (India) Ltd is a seller of plywood and decorative veneers in the Indian organized plywood market. It is principally engaged in the manufacturing and sale of plywood, laminates, decorative veneers, medium-density fiber boards (MDF), pre-laminated boards, particle board, and flush doors, and providing services of container freight stations (CFS). The group caters to both residential as well as commercial consumers. Its reportable business segments are: Plywood, which derives maximum revenue, Laminate, MDF, Plain Particle Board, CFS Services, and Others. Geographically, the group derives maximum revenue from its business in India, and also has some exposure to overseas markets.
91GF Score
Get the complete analysis for BOM:532548
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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