Bharti HexacomBOM:544162 +0.74%48 Piotroski F-Score is 8 as of Jul. 05, 2026, which is at its 10-year median of 8.00. GuruFocus rates BOM:544162 with a GF Score™ of 48/100. The stock has 1 warning sign investors should review. Among 354 Telecommunication Services companies, Bharti Hexacom ranks better than 97.46% on this metric.
Good Sign:
Piotroski F-Score is 8, 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
Bharti Hexacom has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Bharti Hexacom's Piotroski F-Score or its related term are showing as below:
BOM:544162'
s Piotroski F-Score Range Over the Past 10 Years
Min: 7 Med: 8 Max: 8
Current: 8
During the past 6 years, the highest Piotroski F-Score of Bharti Hexacom was 8. The lowest was 7. And the median was 8.
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.
Bharti Hexacom Piotroski F-Score Related Terms
Bharti Hexacom Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Bharti Hexacom'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.
BOM:544162 vs TMUS, VZ, T: Piotroski F-Score Comparison
For the Telecom Services subindustry, Bharti Hexacom'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.
Bharti Hexacom Piotroski F-Score vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Bharti Hexacom's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Bharti Hexacom'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.
Bharti Hexacom's current Net Income (TTM) was 17,332.
==> 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.
Bharti Hexacom's return on assets of this year was 0.09003169. Bharti Hexacom's return on assets of last year was 0.08065927.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Bharti Hexacom's gearing of this year was 0.27932993. Bharti Hexacom's gearing of last year was 0.30390088.
==> 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
Bharti Hexacom's current ratio of this year was 0.37586999. Bharti Hexacom's current ratio of last year was 0.28039992.
==> 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.
Bharti Hexacom's number of shares in issue this year was 500.224. Bharti Hexacom's number of shares in issue last year was 499.893.
==> 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.
Bharti Hexacom's gross margin of this year was 0.60990186. Bharti Hexacom's gross margin of last year was 0.57779104.
==> 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
Bharti Hexacom's asset turnover of this year was 0.48588645. Bharti Hexacom's asset turnover of last year was 0.46161448.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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8
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Bharti Hexacom has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Bharti Hexacom (BOM:544162) has a Piotroski F-Score of 8 as of Jul. 05, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Bharti Hexacom and its competitors. This is near median its historical median of 8.00. Over the past decade, Bharti Hexacom's Piotroski F-Score has ranged from 7.00 to 8.00. According to the industry distribution chart, Bharti Hexacom ranks #9 out of 354 companies in the Telecommunication Services industry, placing it in the top 2.5%.
Is Bharti Hexacom's Piotroski F-Score too high?
Bharti Hexacom's current Piotroski F-Score of 8 is near median its 10-year median of 8.00. Over the past 10 years, this metric has ranged from a low of 7.00 to a high of 8.00. The Telecommunication Services industry median Piotroski F-Score is 6.00. Bharti Hexacom's value of 8 is 33.3% above this industry median. Based on the distribution chart, Bharti Hexacom ranks #9 out of 354 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Bharti Hexacom has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does Bharti Hexacom's Piotroski F-Score compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Bharti Hexacom ranks #9 out of 354 companies for Piotroski F-Score. This places Bharti Hexacom in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Bharti Hexacom's value of 8 is 33.3% above this benchmark. Historically, Bharti Hexacom's own Piotroski F-Score has ranged from 7.00 to 8.00 over the past decade. While the company's 10-year median is 8.00 vs. the industry median of 6.00, Bharti Hexacom 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 Telecommunication Services company?
The median Piotroski F-Score among Telecommunication Services companies is 6.00, based on 354 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. Bharti Hexacom's current Piotroski F-Score of 8 is 33.3% 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 Bharti Hexacom and its competitors. For the Telecommunication Services 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. Bharti Hexacom's current Piotroski F-Score is 8, which is near median its own 10-year median of 8.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bharti Hexacom stock overvalued right now?
Bharti Hexacom (BOM:544162) has a current Piotroski F-Score of 8. The current Piotroski F-Score is 8, which is near median its 10-year median of 8.00 and 33.3% above the Telecommunication Services industry median of 6.00. Bharti Hexacom's overall GF Score™ is 48/100 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 Bharti Hexacom (BOM:544162), the current Piotroski F-Score is 8 as of Jul. 05, 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.
Bharti Hexacom Ltd is a communications solutions provider offering consumer mobile services, fixed-line telephone, and broadband services to customers in the Rajasthan and the North East telecommunication circles in India, It offers services under the brand 'Airtel'. The company has three reportable segments: Mobile Services: which covers voice and data telecom services provided through wireless technology (2G/4G/5G). This also includes intra-city fiber networks. Homes and Office Services: covers voice and data communications through fixed-line network and broadband technology for homes and offices. Unallocated: items include expenses/results, assets and liabilities of corporate headquarters of the company. Key revenue is generated from Mobile Services segment.
48GF Score
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