Olympic Cards (BOM:534190) Piotroski F-Score: 6 (As of Jul. 06, 2026) — 20% Above Median


BOM:534190 Olympic Cards Ltd BOM:534190
58 GF Score
Price ₹2.80
GF Value ₹3.18
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Olympic Cards Piotroski F-Score?

Olympic Cards BOM:534190 -2.10% 58 Piotroski F-Score is 6 as of Jul. 06, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates BOM:534190 with a GF Score™ of 58/100 and a GF Value™ of ₹3.18 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,064 Business Services companies, Olympic Cards ranks better than 71.99% 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

Olympic Cards 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 Olympic Cards's Piotroski F-Score or its related term are showing as below:

BOM:534190' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of Olympic Cards was 7. The lowest was 3. And the median was 5.

Olympic Cards  (BOM:534190) 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.


Olympic Cards Piotroski F-Score Related Terms


Olympic Cards Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Olympic Cards'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.

Olympic Cards Piotroski F-Score Chart

Olympic Cards 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 4.00 6.00 7.00 3.00 6.00

Olympic Cards 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 3.00 0.00 0.00 0.00 6.00

BOM:534190 vs CTAS, CPRT, ULS: Piotroski F-Score Comparison

For the Specialty Business Services subindustry, Olympic Cards'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.


Olympic Cards Piotroski F-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Olympic Cards's Piotroski F-Score distribution charts can be found below:

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


BOM:534190
58GF Score
Olympic Cards Ltd BOM:534190
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 ₹-2.6 Mil.
Cash Flow from Operations was ₹-50.8 Mil.
Revenue was ₹104.4 Mil.
Gross Profit was ₹13.5 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (449.701 + 256.008) / 2 = ₹352.8545 Mil.
Total Assets at the begining of this year (Mar25) was ₹449.7 Mil.
Long-Term Debt & Capital Lease Obligation was ₹61.5 Mil.
Total Current Assets was ₹231.0 Mil.
Total Current Liabilities was ₹180.2 Mil.
Net Income was ₹-43.9 Mil.

Revenue was ₹94.1 Mil.
Gross Profit was ₹9.6 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (512.49 + 449.701) / 2 = ₹481.0955 Mil.
Total Assets at the begining of last year (Mar24) was ₹512.5 Mil.
Long-Term Debt & Capital Lease Obligation was ₹158.4 Mil.
Total Current Assets was ₹259.4 Mil.
Total Current Liabilities was ₹252.6 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.

Olympic Cards's current Net Income (TTM) was -2.6. ==> 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.

Olympic Cards's current Cash Flow from Operations (TTM) was -50.8. ==> 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)
=-2.594/449.701
=-0.00576828

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-43.906/512.49
=-0.08567192

Olympic Cards's return on assets of this year was -0.00576828. Olympic Cards's return on assets of last year was -0.08567192. ==> 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.

Olympic Cards's current Net Income (TTM) was -2.6. Olympic Cards's current Cash Flow from Operations (TTM) was -50.8. ==> -50.8 <= -2.6 ==> 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
=61.466/352.8545
=0.17419645

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=158.386/481.0955
=0.32921946

Olympic Cards's gearing of this year was 0.17419645. Olympic Cards's gearing of last year was 0.32921946. ==> 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
=230.954/180.189
=1.28173196

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=259.372/252.563
=1.02695961

Olympic Cards's current ratio of this year was 1.28173196. Olympic Cards's current ratio of last year was 1.02695961. ==> 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.

Olympic Cards's number of shares in issue this year was 16.213. Olympic Cards's number of shares in issue last year was 16.322. ==> 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
=13.48/104.35
=0.12918064

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=9.588/94.089
=0.10190352

Olympic Cards's gross margin of this year was 0.12918064. Olympic Cards's gross margin of last year was 0.10190352. ==> 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)
=104.35/449.701
=0.23204307

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=94.089/512.49
=0.18359187

Olympic Cards's asset turnover of this year was 0.23204307. Olympic Cards's asset turnover of last year was 0.18359187. ==> 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+1+1+1+1+1
=6

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

Olympic Cards has an F-score of 6 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 6 mean?
Olympic Cards (BOM:534190) 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 Olympic Cards and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Olympic Cards' Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Olympic Cards ranks #298 out of 1064 companies in the Business Services industry, placing it in the top 28%.
Is Olympic Cards' Piotroski F-Score too high?
Olympic Cards' current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Business Services industry median Piotroski F-Score is 5.00. Olympic Cards' value of 6 is 20% above this industry median. Based on the distribution chart, Olympic Cards ranks #298 out of 1064 companies in the Business Services industry, which is above the industry midpoint. Overall, Olympic Cards has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Olympic Cards' Piotroski F-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Olympic Cards ranks #298 out of 1064 companies for Piotroski F-Score. This puts Olympic Cards in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Olympic Cards' value of 6 is 20% above this benchmark. Historically, Olympic Cards' own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Olympic Cards 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,064 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. Olympic Cards'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 Olympic Cards and its competitors. For the Business Services 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. Olympic Cards's current Piotroski F-Score is 6, which is 20% 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 Olympic Cards stock overvalued right now?
Based on GuruFocus' analysis, Olympic Cards (BOM:534190) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹3.18, compared to a current price of ₹2.80 — trading 11.9% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Business Services industry median of 5.00. Olympic Cards' overall GF Score™ is 58/100 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 Olympic Cards (BOM:534190), 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 Olympic Cards (BOM:534190) Overvalued in 2026?

Based on GuruFocus' analysis, Olympic Cards stock appears to be undervalued. The current stock price of ₹2.80 is trading 11.9% below its estimated GF Value™ of ₹3.18. GuruFocus considers Olympic Cards to be Modestly Undervalued.

Key valuation signals for BOM:534190:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: ₹3.18 vs. price of ₹2.80 (11.9% below fair value)
  • GF Score™: 58/100 with 7 warning signs
  • Industry Position: 20% above the Business Services median (#298 of 1064)

No single metric tells the full story. See the BOM:534190 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Olympic Cards Business Description

Address No. 195, N.S.C. Bose Road, Chennai, TN, IND, 600 001
Olympic Cards Ltd manufactures wedding cards and other associated products like Greeting Cards, Office Envelopes, Cloth-lined covers, Student Notebooks, Files, etc. Under the brand name Olympic, the company manufactures paper/board-based products. The company trades wedding cards, greeting cards, envelopes, letterheads, business cards, calendars, notebooks, account books, etc. The company also trades in the business of printing inks.
58GF Score

Get the complete analysis for BOM:534190

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

₹2.80
Price
₹3.18
GF Value