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Adani Green EnergyBOM:541450 -0.74%78 Piotroski F-Score is 5 as of Aug. 12, 2026, which is at its 10-year median of 5.00. GuruFocus rates BOM:541450 with a GF Score™ of 78/100 and a GF Value™ of ₹1,410.41 (Fairly Valued). The stock has 8 warning signs investors should review. Among 426 Utilities - Independent Power Producers companies, Adani Green Energy ranks better than 61.97% 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
Adani Green Energy has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Adani Green Energy's Piotroski F-Score or its related term are showing as below:
BOM:541450'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 5 Max: 6
Current: 5
During the past 11 years, the highest Piotroski F-Score of Adani Green Energy was 6. The lowest was 4. And the median was 5.
Adani Green Energy (BOM:541450) 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.
Adani Green Energy Piotroski F-Score Related Terms
Adani Green Energy Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Adani Green Energy'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.
Adani Green Energy Piotroski F-Score Competitor Comparison
For the Utilities - Renewable subindustry, Adani Green Energy'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.
Adani Green Energy Piotroski F-Score vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Adani Green Energy's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Adani Green Energy'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.
Adani Green Energy's current Net Income (TTM) was 16,520.
==> 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.
Adani Green Energy's return on assets of this year was 0.01482971. Adani Green Energy's return on assets of last year was 0.01630938.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Adani Green Energy's gearing of this year was 0.71042486. Adani Green Energy's gearing of last year was 0.69209147.
==> 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
Adani Green Energy's current ratio of this year was 0.56647885. Adani Green Energy's current ratio of last year was 0.50817148.
==> 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.
Adani Green Energy's number of shares in issue this year was 1635.682. Adani Green Energy's number of shares in issue last year was 1584.032.
==> 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.
Adani Green Energy's gross margin of this year was 0.89915626. Adani Green Energy's gross margin of last year was 0.83361999.
==> 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
Adani Green Energy's asset turnover of this year was 0.11064831. Adani Green Energy's asset turnover of last year was 0.12477128.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Adani Green Energy has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Adani Green Energy (BOM:541450) has a Piotroski F-Score of 5 as of Aug. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Adani Green Energy and its competitors. This is near median its historical median of 5.00. Over the past decade, Adani Green Energy's Piotroski F-Score has ranged from 4.00 to 6.00. According to the industry distribution chart, Adani Green Energy ranks #162 out of 426 companies in the Utilities - Independent Power Producers industry, placing it in the top 38%.
Is Adani Green Energy's Piotroski F-Score too high?
Adani Green Energy's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 6.00. The Utilities - Independent Power Producers industry median Piotroski F-Score is 5.00. Adani Green Energy's value of 5 is 0% at this industry median. Based on the distribution chart, Adani Green Energy ranks #162 out of 426 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Adani Green Energy has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Adani Green Energy's Piotroski F-Score compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Adani Green Energy ranks #162 out of 426 companies for Piotroski F-Score. This puts Adani Green Energy in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Adani Green Energy's value of 5 is 0% at this benchmark. Historically, Adani Green Energy's own Piotroski F-Score has ranged from 4.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Adani Green Energy has consistently been at 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 an Utilities - Independent Power Producers company?
The median Piotroski F-Score among Utilities - Independent Power Producers companies is 5.00, based on 426 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. Adani Green Energy's current Piotroski F-Score of 5 is 0% at 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 Adani Green Energy and its competitors. For the Utilities - Independent Power Producers 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. Adani Green Energy's current Piotroski F-Score is 5, which is near 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 Adani Green Energy stock overvalued right now?
Based on GuruFocus' analysis, Adani Green Energy (BOM:541450) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,410.41, compared to a current price of ₹1,359.80 — trading 3.6% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Utilities - Independent Power Producers industry median of 5.00. Adani Green Energy's overall GF Score™ is 78/100 with 8 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 Adani Green Energy (BOM:541450), the current Piotroski F-Score is 5 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 Adani Green Energy (BOM:541450) Overvalued in 2026?
Based on GuruFocus' analysis, Adani Green Energy stock appears to be undervalued.
The current stock price of ₹1,359.80 is trading 3.6% below its estimated GF Value™ of ₹1,410.41.
GuruFocus considers Adani Green Energy to be Fairly Valued.
Key valuation signals for BOM:541450:
Piotroski F-Score: 5 (near median its 10-year median of 5.00)
GF Value™: ₹1,410.41 vs. price of ₹1,359.80 (3.6% below fair value)
Industry Position: 0% at the Utilities - Independent Power Producers median (#162 of 426)
No single metric tells the full story. See the BOM:541450 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adani Green Energy Ltd sells renewable power generated from wind power project under long term Power Purchase Agreement (PPA) and also engaged in sale of solar & wind power equipments, project management consultancy Services and other related ancillary activities. The company has only one reportable segment.
78GF Score
Get the complete analysis for BOM:541450
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