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.
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.
Indobell InsulationsBOM:544334 18 Piotroski F-Score is 6 as of Aug. 07, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates BOM:544334 with a GF Score™ of 18/100. The stock has 4 warning signs investors should review. Among 1,561 Chemicals companies, Indobell Insulations ranks better than 76.3% 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
Indobell Insulations has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Indobell Insulations's Piotroski F-Score or its related term are showing as below:
BOM:544334'
s Piotroski F-Score Range Over the Past 10 Years
Min: 6 Med: 7 Max: 7
Current: 6
During the past 5 years, the highest Piotroski F-Score of Indobell Insulations was 7. The lowest was 6. And the median was 7.
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.
Indobell Insulations Piotroski F-Score Related Terms
Indobell Insulations Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Indobell Insulations'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:544334 vs LIN, SHW, ECL: Piotroski F-Score Comparison
For the Specialty Chemicals subindustry, Indobell Insulations'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.
Indobell Insulations Piotroski F-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Indobell Insulations's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Indobell Insulations'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.
Indobell Insulations's current Net Income (TTM) was 8.0.
==> 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.
Indobell Insulations's return on assets of this year was 0.03147671. Indobell Insulations's return on assets of last year was 0.14298423.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Indobell Insulations's gearing of this year was 0.03356214. Indobell Insulations's gearing of last year was 0.
==> 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
Indobell Insulations's current ratio of this year was 6.3564915. Indobell Insulations's current ratio of last year was 2.20667826.
==> 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.
Indobell Insulations's number of shares in issue this year was 6.284. Indobell Insulations's number of shares in issue last year was 6.299.
==> 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.
Indobell Insulations's gross margin of this year was 0.52798639. Indobell Insulations's gross margin of last year was 0.41714634.
==> 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
Indobell Insulations's asset turnover of this year was 0.60961675. Indobell Insulations's asset turnover of last year was 1.68299352.
==> 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
=
1
+
1
+
0
+
1
+
0
+
1
+
1
+
1
+
0
=
6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Indobell Insulations has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Indobell Insulations (BOM:544334) has a Piotroski F-Score of 6 as of Aug. 07, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Indobell Insulations and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Indobell Insulations' Piotroski F-Score has ranged from 6.00 to 7.00. According to the industry distribution chart, Indobell Insulations ranks #370 out of 1561 companies in the Chemicals industry, placing it in the top 23.7%.
Is Indobell Insulations' Piotroski F-Score too high?
Indobell Insulations' current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 6.00 to a high of 7.00. The Chemicals industry median Piotroski F-Score is 5.00. Indobell Insulations' value of 6 is 20% above this industry median. Based on the distribution chart, Indobell Insulations ranks #370 out of 1561 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Indobell Insulations has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Indobell Insulations' Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Indobell Insulations ranks #370 out of 1561 companies for Piotroski F-Score. This places Indobell Insulations in the top 24% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Indobell Insulations' value of 6 is 20% above this benchmark. Historically, Indobell Insulations' own Piotroski F-Score has ranged from 6.00 to 7.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Indobell Insulations 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,561 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. Indobell Insulations's current Piotroski F-Score of 6 is 20% 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 Indobell Insulations and its competitors. For the Chemicals 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. Indobell Insulations's current Piotroski F-Score is 6, which is 14% below 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 Indobell Insulations stock overvalued right now?
Indobell Insulations (BOM:544334) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Chemicals industry median of 5.00. Indobell Insulations' overall GF Score™ is 18/100 with 4 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 Indobell Insulations (BOM:544334), the current Piotroski F-Score is 6 as of Aug. 07, 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.
Indobell Insulations Ltd is a Manufacturer and Contractor of Insulation Products like Nodulated/Granulated Wool (Mineral and Ceramic Fibre Nodules) and prefabricated thermal Insulation Jackets, which are used to insulate a variety of applications, including homes, commercial buildings, and industrial plants, and all other related insulation materials that are part of the designs of insulation of the Company. Its business is carried out in the power industry, which requires a full range of insulation and lining Services, scaffolding, surface protection, refractory, passive fire protection, and borosilicate lining in chimneys.
18GF Score
Get the complete analysis for BOM:544334
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:544334 has been successfully added to your 
