Exato Technologies (BOM:544626) Piotroski F-Score: 5 (As of Jun. 25, 2026) — 17% Below Median


BOM:544626 Exato Technologies Ltd BOM:544626
20 GF Score
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What is Exato Technologies Piotroski F-Score?

Exato Technologies BOM:544626 -0.47% 20 Piotroski F-Score is 5 as of Jun. 25, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates BOM:544626 with a GF Score™ of 20/100. The stock has 3 warning signs investors should review. Among 2,742 Software companies, Exato Technologies ranks better than 59.85% 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

Exato Technologies 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 Exato Technologies's Piotroski F-Score or its related term are showing as below:

BOM:544626' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 6
Current: 5

During the past 4 years, the highest Piotroski F-Score of Exato Technologies was 6. The lowest was 5. And the median was 6.

Exato Technologies  (BOM:544626) 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.


Exato Technologies Piotroski F-Score Related Terms


Exato Technologies Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Exato Technologies'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.

Exato Technologies Piotroski F-Score Chart

Exato Technologies Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
N/A N/A 6.00 5.00

Exato Technologies Quarterly Data
Mar23 Mar24 Dec24 Mar25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial 0.00 6.00 0.00 0.00 5.00

BOM:544626 vs MSFT, ORCL, PLTR: Piotroski F-Score Comparison

For the Software - Infrastructure subindustry, Exato Technologies'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.


Exato Technologies Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, Exato Technologies's Piotroski F-Score distribution charts can be found below:

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


BOM:544626
20GF Score
Exato Technologies Ltd BOM:544626
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 ₹160.9 Mil.
Cash Flow from Operations was ₹15.3 Mil.
Revenue was ₹1,680.0 Mil.
Gross Profit was ₹455.9 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (951.68 + 1234.049) / 2 = ₹1092.8645 Mil.
Total Assets at the begining of this year (Mar25) was ₹951.7 Mil.
Long-Term Debt & Capital Lease Obligation was ₹6.6 Mil.
Total Current Assets was ₹891.5 Mil.
Total Current Liabilities was ₹323.3 Mil.
Net Income was ₹96.5 Mil.

Revenue was ₹1,242.3 Mil.
Gross Profit was ₹341.0 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (544.806 + 951.68) / 2 = ₹748.243 Mil.
Total Assets at the begining of last year (Mar24) was ₹544.8 Mil.
Long-Term Debt & Capital Lease Obligation was ₹81.4 Mil.
Total Current Assets was ₹735.5 Mil.
Total Current Liabilities was ₹431.4 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.

Exato Technologies's current Net Income (TTM) was 160.9. ==> 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.

Exato Technologies's current Cash Flow from Operations (TTM) was 15.3. ==> 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)
=160.888/951.68
=0.16905683

ROA (Last Year)=Net Income/Total Assets (Mar24)
=96.545/544.806
=0.17720987

Exato Technologies's return on assets of this year was 0.16905683. Exato Technologies's return on assets of last year was 0.17720987. ==> Last year is higher ==> Score 0.

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.

Exato Technologies's current Net Income (TTM) was 160.9. Exato Technologies's current Cash Flow from Operations (TTM) was 15.3. ==> 15.3 <= 160.9 ==> 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
=6.612/1092.8645
=0.00605016

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=81.351/748.243
=0.1087227

Exato Technologies's gearing of this year was 0.00605016. Exato Technologies's gearing of last year was 0.1087227. ==> 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
=891.489/323.278
=2.7576544

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=735.505/431.383
=1.70499301

Exato Technologies's current ratio of this year was 2.7576544. Exato Technologies's current ratio of last year was 1.70499301. ==> 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.

Exato Technologies's number of shares in issue this year was 10.065. Exato Technologies's number of shares in issue last year was 10.065. ==> 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
=455.88/1679.958
=0.27136393

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=341.007/1242.255
=0.27450644

Exato Technologies's gross margin of this year was 0.27136393. Exato Technologies's gross margin of last year was 0.27450644. ==> 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)
=1679.958/951.68
=1.76525513

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1242.255/544.806
=2.28017863

Exato Technologies's asset turnover of this year was 1.76525513. Exato Technologies's asset turnover of last year was 2.28017863. ==> 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+0+1+1+1+0+0
=5

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

Exato Technologies 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?
Exato Technologies (BOM:544626) has a Piotroski F-Score of 5 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Exato Technologies and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Exato Technologies' Piotroski F-Score has ranged from 5.00 to 6.00. According to the industry distribution chart, Exato Technologies ranks #1101 out of 2742 companies in the Software industry, placing it in the top 40.2%.
Is Exato Technologies' Piotroski F-Score too high?
Exato Technologies' current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 6.00. The Software industry median Piotroski F-Score is 5.00. Exato Technologies' value of 5 is 0% at this industry median. Based on the distribution chart, Exato Technologies ranks #1101 out of 2742 companies in the Software industry, which is above the industry midpoint. Overall, Exato Technologies has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Exato Technologies' Piotroski F-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, Exato Technologies ranks #1101 out of 2742 companies for Piotroski F-Score. This puts Exato Technologies in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Exato Technologies' value of 5 is 0% at this benchmark. Historically, Exato Technologies' own Piotroski F-Score has ranged from 5.00 to 6.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Exato Technologies 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,742 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. Exato Technologies'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 Exato Technologies and its competitors. For the Software 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. Exato Technologies's current Piotroski F-Score is 5, which is 17% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exato Technologies stock overvalued right now?
Exato Technologies (BOM:544626) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Software industry median of 5.00. Exato Technologies' overall GF Score™ is 20/100 with 3 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 Exato Technologies (BOM:544626), the current Piotroski F-Score is 5 as of Jun. 25, 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.

Exato Technologies Business Description

Address A-33, 02nd Floor, Sector-2, Noida, Gautam Buddha Nagar, Noida, UP, IND, 201301
Exato Technologies Ltd provides services aimed at supporting businesses in managing customer interactions and communication. The company's offerings include Customer Experience-as-a-Service (CXaaS) and AI-as-a-Service, designed to help organizations in improving customer engagement and operational efficiency. The company's offerings include tools like virtual assistants, automation features, and customer sentiment analysis, which support managing interactions across multiple channels, including phone, chat, and email. The company generates the majority of its revenue from the sales of its software.
20GF Score

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