East West Freight Carriers (BOM:540006) Piotroski F-Score: 4 (As of Aug. 20, 2026) — 33% Above Median

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BOM:540006 East West Freight Carriers Ltd BOM:540006
59 GF Score
Price ₹2.35
GF Value ₹4.37
Valuation Significantly Undervalued
! 5 Warning Signs
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What is East West Freight Carriers Piotroski F-Score?

East West Freight Carriers BOM:540006 59 Piotroski F-Score is 4 as of Aug. 20, 2026, which is 33% above its 10-year median of 3.00. GuruFocus rates BOM:540006 with a GF Score™ of 59/100 and a GF Value™ of ₹4.37 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 978 Transportation companies, East West Freight Carriers ranks worse than 73.72% 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

East West Freight Carriers 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 East West Freight Carriers's Piotroski F-Score or its related term are showing as below:

BOM:540006' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 3   Max: 7
Current: 4

During the past 13 years, the highest Piotroski F-Score of East West Freight Carriers was 7. The lowest was 3. And the median was 3.

East West Freight Carriers  (BOM:540006) 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.


East West Freight Carriers Piotroski F-Score Related Terms


East West Freight Carriers Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for East West Freight Carriers'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.

East West Freight Carriers Piotroski F-Score Chart

East West Freight Carriers 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 7.00 3.00 7.00 3.00 4.00

East West Freight Carriers 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 4.00

BOM:540006 vs UPS, FDX, JBHT: Piotroski F-Score Comparison

For the Integrated Freight & Logistics subindustry, East West Freight Carriers'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.


East West Freight Carriers Piotroski F-Score vs Transportation Industry

For the Transportation industry and Industrials sector, East West Freight Carriers's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where East West Freight Carriers's Piotroski F-Score falls into.


BOM:540006
59GF Score
East West Freight Carriers Ltd BOM:540006
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 ₹-40 Mil.
Cash Flow from Operations was ₹33 Mil.
Revenue was ₹2,016 Mil.
Gross Profit was ₹100 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (1525.34 + 1516.551) / 2 = ₹1520.9455 Mil.
Total Assets at the begining of this year (Mar25) was ₹1,525 Mil.
Long-Term Debt & Capital Lease Obligation was ₹297 Mil.
Total Current Assets was ₹1,100 Mil.
Total Current Liabilities was ₹548 Mil.
Net Income was ₹13 Mil.

Revenue was ₹2,853 Mil.
Gross Profit was ₹193 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (1404.212 + 1525.34) / 2 = ₹1464.776 Mil.
Total Assets at the begining of last year (Mar24) was ₹1,404 Mil.
Long-Term Debt & Capital Lease Obligation was ₹264 Mil.
Total Current Assets was ₹1,087 Mil.
Total Current Liabilities was ₹542 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.

East West Freight Carriers's current Net Income (TTM) was -40. ==> 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.

East West Freight Carriers's current Cash Flow from Operations (TTM) was 33. ==> 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.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=-39.761/1525.34
=-0.02606698

ROA (Last Year)=Net Income/Total Assets (Mar24)
=12.948/1404.212
=0.00922083

East West Freight Carriers's return on assets of this year was -0.02606698. East West Freight Carriers's return on assets of last year was 0.00922083. ==> Last year is higher ==> Score 0.

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.

East West Freight Carriers's current Net Income (TTM) was -40. East West Freight Carriers's current Cash Flow from Operations (TTM) was 33. ==> 33 > -40 ==> CFROA > ROA ==> Score 1.

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
=296.839/1520.9455
=0.19516741

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=264.464/1464.776
=0.18054911

East West Freight Carriers's gearing of this year was 0.19516741. East West Freight Carriers's gearing of last year was 0.18054911. ==> 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
=1099.691/547.744
=2.00767329

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1087.484/542.285
=2.00537356

East West Freight Carriers's current ratio of this year was 2.00767329. East West Freight Carriers's current ratio of last year was 2.00537356. ==> 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.

East West Freight Carriers's number of shares in issue this year was 128.261. East West Freight Carriers's number of shares in issue last year was 129.48. ==> 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
=99.876/2016.267
=0.04953511

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=193.206/2853.189
=0.06771581

East West Freight Carriers's gross margin of this year was 0.04953511. East West Freight Carriers's gross margin of last year was 0.06771581. ==> Last year's gross margin is higher ==> Score 0.

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)
=2016.267/1525.34
=1.32184759

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2853.189/1404.212
=2.03187909

East West Freight Carriers's asset turnover of this year was 1.32184759. East West Freight Carriers's asset turnover of last year was 2.03187909. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+1+0+1+0+1+1+0+0
=4

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

East West Freight Carriers 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?
East West Freight Carriers (BOM:540006) has a Piotroski F-Score of 4 as of Aug. 20, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on East West Freight Carriers and its competitors. This is 33% above median its historical median of 3.00. Over the past decade, East West Freight Carriers' Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, East West Freight Carriers ranks #721 out of 978 companies in the Transportation industry, placing it in the top 73.7%.
Is East West Freight Carriers' Piotroski F-Score too high?
East West Freight Carriers' current Piotroski F-Score of 4 is 33% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Transportation industry median Piotroski F-Score is 6.00. East West Freight Carriers' value of 4 is 33.3% below this industry median. Based on the distribution chart, East West Freight Carriers ranks #721 out of 978 companies in the Transportation industry, which is below the industry midpoint. Overall, East West Freight Carriers has a GF Score™ of 59/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does East West Freight Carriers' Piotroski F-Score compare to UPS and FDX?
According to the Transportation industry distribution chart, East West Freight Carriers ranks #721 out of 978 companies for Piotroski F-Score. This places East West Freight Carriers in the lower half of its industry. The industry median Piotroski F-Score is 6.00. East West Freight Carriers' value of 4 is 33.3% below this benchmark. Historically, East West Freight Carriers' own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 6.00, East West Freight Carriers 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 978 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. East West Freight Carriers's current Piotroski F-Score of 4 is 33.3% 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 East West Freight Carriers and its competitors. For the Transportation industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. East West Freight Carriers's current Piotroski F-Score is 4, which is 33% above median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is East West Freight Carriers stock overvalued right now?
Based on GuruFocus' analysis, East West Freight Carriers (BOM:540006) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹4.37, compared to a current price of ₹2.35 — trading 46.2% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% above median its 10-year median of 3.00 and 33.3% below the Transportation industry median of 6.00. East West Freight Carriers' overall GF Score™ is 59/100 with 5 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 East West Freight Carriers (BOM:540006), the current Piotroski F-Score is 4 as of Aug. 20, 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 East West Freight Carriers (BOM:540006) Overvalued in 2026?

Based on GuruFocus' analysis, East West Freight Carriers stock appears to be undervalued. The current stock price of ₹2.35 is trading 46.2% below its estimated GF Value™ of ₹4.37. GuruFocus considers East West Freight Carriers to be Significantly Undervalued.

Key valuation signals for BOM:540006:

  • Piotroski F-Score: 4 (33% above median its 10-year median of 3.00)
  • GF Value™: ₹4.37 vs. price of ₹2.35 (46.2% below fair value)
  • GF Score™: 59/100 with 5 warning signs
  • Industry Position: 33.3% below the Transportation median (#721 of 978)

No single metric tells the full story. See the BOM:540006 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


East West Freight Carriers Business Description

Other Exchanges EASTWEST:India
Address Sahar Chakala Road, Unit No. 62, Adarsh Industrial Estate, Andheri East, Mumbai, MH, IND, 400099
East West Freight Carriers Ltd is a company that operates in the transportation sector. The company is engaged in providing logistics solutions, including air and ocean freight forwarding operations and road transportation. Its only operating segment is Freight Forwarding activity.
59GF Score

Get the complete analysis for BOM:540006

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

₹2.35
Price
₹4.37
GF Value