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Gem AromaticsBOM:544491 -0.09%19 Piotroski F-Score is 7 as of Sep. 05, 2026, which is 75% above its 10-year median of 4.00. GuruFocus rates BOM:544491 with a GF Score™ of 19/100. The stock has 2 warning signs investors should review. Among 1,586 Chemicals companies, Gem Aromatics ranks better than 88.27% 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
Gem Aromatics 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 Gem Aromatics's Piotroski F-Score or its related term are showing as below:
BOM:544491'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 7
Current: 7
During the past 5 years, the highest Piotroski F-Score of Gem Aromatics was 7. The lowest was 2. And the median was 4.
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.
Gem Aromatics Piotroski F-Score Related Terms
Gem Aromatics Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Gem Aromatics'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.
For the Chemicals subindustry, Gem Aromatics'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.
Gem Aromatics Piotroski F-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Gem Aromatics's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Gem Aromatics'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.
Gem Aromatics's current Net Income (TTM) was 14.
==> 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.
Gem Aromatics's return on assets of this year was 0.00265653. Gem Aromatics's return on assets of last year was 0.14484166.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Gem Aromatics's gearing of this year was 0.03953319. Gem Aromatics's gearing of last year was 0.15635432.
==> 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
Gem Aromatics's current ratio of this year was 2.16151627. Gem Aromatics's current ratio of last year was 1.89396483.
==> 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.
Gem Aromatics's number of shares in issue this year was 50.128. Gem Aromatics's number of shares in issue last year was 52.237.
==> 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.
Gem Aromatics's gross margin of this year was 0.23069381. Gem Aromatics's gross margin of last year was 0.22578416.
==> 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
Gem Aromatics's asset turnover of this year was 0.67686959. Gem Aromatics's asset turnover of last year was 1.34282955.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Gem Aromatics has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Gem Aromatics (BOM:544491) has a Piotroski F-Score of 7 as of Sep. 05, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Gem Aromatics and its competitors. This is 75% above median its historical median of 4.00. Over the past decade, Gem Aromatics' Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Gem Aromatics ranks #186 out of 1586 companies in the Chemicals industry, placing it in the top 11.7%.
Is Gem Aromatics' Piotroski F-Score too high?
Gem Aromatics' current Piotroski F-Score of 7 is 75% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Chemicals industry median Piotroski F-Score is 5.00. Gem Aromatics' value of 7 is 40% above this industry median. Based on the distribution chart, Gem Aromatics ranks #186 out of 1586 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Gem Aromatics has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Gem Aromatics' Piotroski F-Score compare to DOW?
According to the Chemicals industry distribution chart, Gem Aromatics ranks #186 out of 1586 companies for Piotroski F-Score. This places Gem Aromatics in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Gem Aromatics' value of 7 is 40% above this benchmark. Historically, Gem Aromatics' own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Gem Aromatics 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 1,586 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. Gem Aromatics'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 Gem Aromatics 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. Gem Aromatics's current Piotroski F-Score is 7, which is 75% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gem Aromatics stock overvalued right now?
Gem Aromatics (BOM:544491) has a current Piotroski F-Score of 7. The current Piotroski F-Score is 7, which is 75% above median its 10-year median of 4.00 and 40% above the Chemicals industry median of 5.00. Gem Aromatics' overall GF Score™ is 19/100 with 2 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 Gem Aromatics (BOM:544491), the current Piotroski F-Score is 7 as of Sep. 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.
Gem Aromatics Ltd is an established manufacturer of specialty ingredients, including, essential oils, aroma chemicals and Value Added Derivatives in India. It offers a diversified portfolio of products, ranging from the Mother Ingredients to its various Value-Added Derivatives. Its products find application across a broad spectrum of industries, such as, oral care, cosmetics, nutraceuticals, pharmaceuticals, wellness and pain management and personal care. The company offers approximately 70 products across its four product categories, namely, (i) mint and mint derivatives; (ii) clove and clove derivatives; (iii) phenol; and (iv) other synthetic and natural ingredients.
19GF Score
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