Bright Outdoor Media (BOM:543831) Piotroski F-Score: 7 (As of Jul. 26, 2026) — Near Median

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BOM:543831 Bright Outdoor Media Ltd BOM:543831
92 GF Score
Price ₹362.60
GF Value ₹498.53
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Bright Outdoor Media Piotroski F-Score?

Bright Outdoor Media BOM:543831 +0.54% 92 Piotroski F-Score is 7 as of Jul. 26, 2026, which is at its 10-year median of 7.00. GuruFocus rates BOM:543831 with a GF Score™ of 92/100 and a GF Value™ of ₹498.53 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,006 Media - Diversified companies, Bright Outdoor Media ranks better than 92.15% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Bright Outdoor Media has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Bright Outdoor Media's Piotroski F-Score or its related term are showing as below:

BOM:543831' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 7
Current: 7

During the past 7 years, the highest Piotroski F-Score of Bright Outdoor Media was 7. The lowest was 4. And the median was 7.

Bright Outdoor Media  (BOM:543831) 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.


Bright Outdoor Media Piotroski F-Score Related Terms


Bright Outdoor Media Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Bright Outdoor Media'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.

Bright Outdoor Media Piotroski F-Score Chart

Bright Outdoor Media Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial 7.00 7.00 5.00 4.00 7.00

Bright Outdoor Media Semi-Annual Data
Mar20 Mar21 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 5.00 0.00 4.00 0.00 7.00

BOM:543831 vs APP, OMC, TTD: Piotroski F-Score Comparison

For the Advertising Agencies subindustry, Bright Outdoor Media'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.


Bright Outdoor Media Piotroski F-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Bright Outdoor Media's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Bright Outdoor Media's Piotroski F-Score falls into.


BOM:543831
92GF Score
Bright Outdoor Media Ltd BOM:543831
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 ₹240 Mil.
Cash Flow from Operations was ₹36 Mil.
Revenue was ₹1,530 Mil.
Gross Profit was ₹474 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (1876.872 + 2210.894) / 2 = ₹2043.883 Mil.
Total Assets at the begining of this year (Mar25) was ₹1,877 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0 Mil.
Total Current Assets was ₹1,925 Mil.
Total Current Liabilities was ₹345 Mil.
Net Income was ₹191 Mil.

Revenue was ₹1,267 Mil.
Gross Profit was ₹370 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (1869.294 + 1876.872) / 2 = ₹1873.083 Mil.
Total Assets at the begining of last year (Mar24) was ₹1,869 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0 Mil.
Total Current Assets was ₹1,577 Mil.
Total Current Liabilities was ₹239 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.

Bright Outdoor Media's current Net Income (TTM) was 240. ==> 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.

Bright Outdoor Media's current Cash Flow from Operations (TTM) was 36. ==> 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)
=240.467/1876.872
=0.12812115

ROA (Last Year)=Net Income/Total Assets (Mar24)
=190.749/1869.294
=0.10204334

Bright Outdoor Media's return on assets of this year was 0.12812115. Bright Outdoor Media's return on assets of last year was 0.10204334. ==> 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.

Bright Outdoor Media's current Net Income (TTM) was 240. Bright Outdoor Media's current Cash Flow from Operations (TTM) was 36. ==> 36 <= 240 ==> 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
=0/2043.883
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/1873.083
=0

Bright Outdoor Media's gearing of this year was 0. Bright Outdoor Media's gearing of last year was 0. ==> 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
=1925.125/345.197
=5.57688798

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1576.523/239.436
=6.58431898

Bright Outdoor Media's current ratio of this year was 5.57688798. Bright Outdoor Media's current ratio of last year was 6.58431898. ==> 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.

Bright Outdoor Media's number of shares in issue this year was 19.614. Bright Outdoor Media's number of shares in issue last year was 21.823. ==> 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
=474.371/1530.265
=0.30999271

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=370.218/1267.455
=0.29209558

Bright Outdoor Media's gross margin of this year was 0.30999271. Bright Outdoor Media's gross margin of last year was 0.29209558. ==> 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)
=1530.265/1876.872
=0.81532731

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1267.455/1869.294
=0.67803941

Bright Outdoor Media's asset turnover of this year was 0.81532731. Bright Outdoor Media's asset turnover of last year was 0.67803941. ==> 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
=1+1+1+0+1+0+1+1+1
=7

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

Bright Outdoor Media has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Bright Outdoor Media (BOM:543831) has a Piotroski F-Score of 7 as of Jul. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Bright Outdoor Media and its competitors. This is near median its historical median of 7.00. Over the past decade, Bright Outdoor Media's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Bright Outdoor Media ranks #79 out of 1006 companies in the Media - Diversified industry, placing it in the top 7.9%.
Is Bright Outdoor Media's Piotroski F-Score too high?
Bright Outdoor Media's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Media - Diversified industry median Piotroski F-Score is 5.00. Bright Outdoor Media's value of 7 is 40% above this industry median. Based on the distribution chart, Bright Outdoor Media ranks #79 out of 1006 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Bright Outdoor Media has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bright Outdoor Media's Piotroski F-Score compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Bright Outdoor Media ranks #79 out of 1006 companies for Piotroski F-Score. This places Bright Outdoor Media in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Bright Outdoor Media's value of 7 is 40% above this benchmark. Historically, Bright Outdoor Media's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Bright Outdoor Media 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 Media - Diversified company?
The median Piotroski F-Score among Media - Diversified companies is 5.00, based on 1,006 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. Bright Outdoor Media's current Piotroski F-Score of 7 is 40% 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 Bright Outdoor Media and its competitors. For the Media - Diversified 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. Bright Outdoor Media's current Piotroski F-Score is 7, which is near 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 Bright Outdoor Media stock overvalued right now?
Based on GuruFocus' analysis, Bright Outdoor Media (BOM:543831) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹498.53, compared to a current price of ₹362.60 — trading 27.3% below its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Media - Diversified industry median of 5.00. Bright Outdoor Media's overall GF Score™ is 92/100 with 1 warning sign 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 Bright Outdoor Media (BOM:543831), the current Piotroski F-Score is 7 as of Jul. 26, 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 Bright Outdoor Media (BOM:543831) Overvalued in 2026?

Based on GuruFocus' analysis, Bright Outdoor Media stock appears to be undervalued. The current stock price of ₹362.60 is trading 27.3% below its estimated GF Value™ of ₹498.53. GuruFocus considers Bright Outdoor Media to be Modestly Undervalued.

Key valuation signals for BOM:543831:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: ₹498.53 vs. price of ₹362.60 (27.3% below fair value)
  • GF Score™: 92/100 with 1 warning sign
  • Industry Position: 40% above the Media - Diversified median (#79 of 1006)

No single metric tells the full story. See the BOM:543831 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bright Outdoor Media Business Description

Address Fame Infinity Mall, Off New Link Road, 801, 8th Floor, Crescent Tower, Near Morya House, Andheri (West), Mumbai, MH, IND, 400 053
Bright Outdoor Media Ltd is engaged in the business of providing advertising services offering advertising media services consisting of Out of Home media services and real estate trading. The company's array of service hoardings includes Transfer stickers, Railway boards, Railway panels, Promos, full train, Bus panels, Full Bus painting, Toll Naka, Mobile sign trucks, Kiosks, Traffic Booths, Cinema slides, Gantry and Vinyl.
92GF Score

Get the complete analysis for BOM:543831

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

₹362.60
Price
₹498.53
GF Value