Cian Healthcare (BOM:542678) Piotroski F-Score: 5 (As of Aug. 12, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:542678 Cian Healthcare Ltd BOM:542678
49 GF Score
Price ₹9.55
GF Value ₹82.33
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Cian Healthcare Piotroski F-Score?

Cian Healthcare BOM:542678 49 Piotroski F-Score is 5 as of Aug. 12, 2026, which is at its 10-year median of 5.00. GuruFocus rates BOM:542678 with a GF Score™ of 49/100 and a GF Value™ of ₹82.33 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 976 Drug Manufacturers companies, Cian Healthcare ranks better than 60.76% 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

Cian Healthcare 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 Cian Healthcare's Piotroski F-Score or its related term are showing as below:

BOM:542678' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 9
Current: 5

During the past 11 years, the highest Piotroski F-Score of Cian Healthcare was 9. The lowest was 1. And the median was 5.

Cian Healthcare  (BOM:542678) 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.


Cian Healthcare Piotroski F-Score Related Terms


Cian Healthcare Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Cian Healthcare'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.

Cian Healthcare Piotroski F-Score Chart

Cian Healthcare 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 6.00 7.00 5.00 3.00 5.00

Cian Healthcare Semi-Annual Data
Mar16 Mar17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 5.00 0.00 3.00 0.00 5.00

BOM:542678 vs ZTS, UTHR, VTRS: Piotroski F-Score Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Cian Healthcare'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.


Cian Healthcare Piotroski F-Score vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Cian Healthcare's Piotroski F-Score distribution charts can be found below:

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


BOM:542678
49GF Score
Cian Healthcare Ltd BOM:542678
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 ₹-232.9 Mil.
Cash Flow from Operations was ₹205.1 Mil.
Revenue was ₹283.0 Mil.
Gross Profit was ₹57.7 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (1560.585 + 615.538) / 2 = ₹1088.0615 Mil.
Total Assets at the begining of this year (Mar25) was ₹1,560.6 Mil.
Long-Term Debt & Capital Lease Obligation was ₹201.6 Mil.
Total Current Assets was ₹228.8 Mil.
Total Current Liabilities was ₹291.5 Mil.
Net Income was ₹-259.8 Mil.

Revenue was ₹308.0 Mil.
Gross Profit was ₹81.1 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (1611.759 + 1560.585) / 2 = ₹1586.172 Mil.
Total Assets at the begining of last year (Mar24) was ₹1,611.8 Mil.
Long-Term Debt & Capital Lease Obligation was ₹68.6 Mil.
Total Current Assets was ₹708.4 Mil.
Total Current Liabilities was ₹1,144.9 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.

Cian Healthcare's current Net Income (TTM) was -232.9. ==> 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.

Cian Healthcare's current Cash Flow from Operations (TTM) was 205.1. ==> 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)
=-232.927/1560.585
=-0.14925621

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-259.775/1611.759
=-0.16117484

Cian Healthcare's return on assets of this year was -0.14925621. Cian Healthcare's return on assets of last year was -0.16117484. ==> 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.

Cian Healthcare's current Net Income (TTM) was -232.9. Cian Healthcare's current Cash Flow from Operations (TTM) was 205.1. ==> 205.1 > -232.9 ==> 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
=201.592/1088.0615
=0.18527629

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=68.579/1586.172
=0.04323554

Cian Healthcare's gearing of this year was 0.18527629. Cian Healthcare's gearing of last year was 0.04323554. ==> 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
=228.791/291.535
=0.78478056

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=708.371/1144.891
=0.61872353

Cian Healthcare's current ratio of this year was 0.78478056. Cian Healthcare's current ratio of last year was 0.61872353. ==> 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.

Cian Healthcare's number of shares in issue this year was 1.715. Cian Healthcare's number of shares in issue last year was 1.715. ==> 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
=57.71/282.985
=0.20393307

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=81.148/307.984
=0.26348122

Cian Healthcare's gross margin of this year was 0.20393307. Cian Healthcare's gross margin of last year was 0.26348122. ==> 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)
=282.985/1560.585
=0.18133264

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=307.984/1611.759
=0.19108564

Cian Healthcare's asset turnover of this year was 0.18133264. Cian Healthcare's asset turnover of last year was 0.19108564. ==> 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+1+1+0+1+1+0+0
=5

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

Cian Healthcare has an F-score of 5 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 5 mean?
Cian Healthcare (BOM:542678) 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 Cian Healthcare and its competitors. This is near median its historical median of 5.00. Over the past decade, Cian Healthcare's Piotroski F-Score has ranged from 1.00 to 9.00. According to the industry distribution chart, Cian Healthcare ranks #383 out of 976 companies in the Drug Manufacturers industry, placing it in the top 39.2%.
Is Cian Healthcare's Piotroski F-Score too high?
Cian Healthcare'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 1.00 to a high of 9.00. The Drug Manufacturers industry median Piotroski F-Score is 5.00. Cian Healthcare's value of 5 is 0% at this industry median. Based on the distribution chart, Cian Healthcare ranks #383 out of 976 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, Cian Healthcare has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Cian Healthcare's Piotroski F-Score compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Cian Healthcare ranks #383 out of 976 companies for Piotroski F-Score. This puts Cian Healthcare in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Cian Healthcare's value of 5 is 0% at this benchmark. Historically, Cian Healthcare'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 5.00 vs. the industry median of 5.00, Cian Healthcare 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 a Drug Manufacturers company?
The median Piotroski F-Score among Drug Manufacturers companies is 5.00, based on 976 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. Cian Healthcare'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 Cian Healthcare and its competitors. For the Drug Manufacturers 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. Cian Healthcare'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 Cian Healthcare stock overvalued right now?
Based on GuruFocus' analysis, Cian Healthcare (BOM:542678) is currently considered Possible Value Trap. The stock's GF Value™ is ₹82.33, compared to a current price of ₹9.55 — trading 88.4% 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 Drug Manufacturers industry median of 5.00. Cian Healthcare's overall GF Score™ is 49/100 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 Cian Healthcare (BOM:542678), 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 Cian Healthcare (BOM:542678) Overvalued in 2026?

Based on GuruFocus' analysis, Cian Healthcare stock appears to be undervalued. The current stock price of ₹9.55 is trading 88.4% below its estimated GF Value™ of ₹82.33. GuruFocus considers Cian Healthcare to be Possible Value Trap.

Key valuation signals for BOM:542678:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: ₹82.33 vs. price of ₹9.55 (88.4% below fair value)
  • GF Score™: 49/100 with 5 warning signs
  • Industry Position: 0% at the Drug Manufacturers median (#383 of 976)

No single metric tells the full story. See the BOM:542678 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cian Healthcare Business Description

Address Mundhwa Kharadi Road, Kirtane Baugh, Office No 301 Konark Icon 3rd Floor, Magarpatta Hadapsar, Mundhwa, Pune, MH, IND, 411036
Cian Healthcare Ltd is a fully integrated pharmaceutical company engaged in the research, development, manufacturing, and marketing of pharmaceutical products. The company manufactures multiple product lines, including tablets, capsules, soft gels, liquid orals, ointments/creams and sachets, and cosmetics. Its portfolio comprises gynecology, haematinic, cardio-diabetic, orthopedic, pediatric, dermacosmetic, antibiotic, CNS, vitamins, and nutrient products. The company operates in five sectors: Export, Government Supplies, Merchant Export, Own Brand Franchise Business, and Third Party/Contract Manufacturing.
49GF Score

Get the complete analysis for BOM:542678

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

₹9.55
Price
₹82.33
GF Value