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Neogrid ParticipacoesBSP:NGRD3 78 Piotroski F-Score is 7 as of Aug. 01, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates BSP:NGRD3 with a GF Score™ of 78/100 and a GF Value™ of R$31.35 (Fairly Valued). The stock has 6 warning signs investors should review. Among 2,734 Software companies, Neogrid Participacoes ranks better than 91.92% 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
Neogrid Participacoes 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 Neogrid Participacoes's Piotroski F-Score or its related term are showing as below:
BSP:NGRD3'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 8
Current: 7
During the past 11 years, the highest Piotroski F-Score of Neogrid Participacoes was 8. The lowest was 4. And the median was 6.
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.
Neogrid Participacoes Piotroski F-Score Related Terms
Neogrid Participacoes Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Neogrid Participacoes'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.
BSP:NGRD3 vs QH, SHOP, UBER: Piotroski F-Score Comparison
For the Software - Application subindustry, Neogrid Participacoes'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.
Neogrid Participacoes Piotroski F-Score vs Software Industry
For the Software industry and Technology sector, Neogrid Participacoes's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Neogrid Participacoes'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.
Neogrid Participacoes's current Net Income (TTM) was -9.8.
==> Negative ==> Score 0.
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.
Neogrid Participacoes's return on assets of this year was -0.0164453. Neogrid Participacoes's return on assets of last year was -0.04808928.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Neogrid Participacoes's gearing of this year was 0.01428421. Neogrid Participacoes's gearing of last year was 0.01640212.
==> 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
Neogrid Participacoes's current ratio of this year was 3.2113261. Neogrid Participacoes's current ratio of last year was 2.54392276.
==> 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.
Neogrid Participacoes's number of shares in issue this year was 8.955. Neogrid Participacoes's number of shares in issue last year was 8.846.
==> 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.
Neogrid Participacoes's gross margin of this year was 0.58792466. Neogrid Participacoes's gross margin of last year was 0.5869787.
==> 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
Neogrid Participacoes's asset turnover of this year was 0.44751429. Neogrid Participacoes's asset turnover of last year was 0.4250613.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Neogrid Participacoes has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Neogrid Participacoes (BSP:NGRD3) has a Piotroski F-Score of 7 as of Aug. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Neogrid Participacoes and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Neogrid Participacoes' Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Neogrid Participacoes ranks #221 out of 2734 companies in the Software industry, placing it in the top 8.1%.
Is Neogrid Participacoes' Piotroski F-Score too high?
Neogrid Participacoes' current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Software industry median Piotroski F-Score is 5.00. Neogrid Participacoes' value of 7 is 40% above this industry median. Based on the distribution chart, Neogrid Participacoes ranks #221 out of 2734 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Neogrid Participacoes has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Neogrid Participacoes' Piotroski F-Score compare to QH and SHOP?
According to the Software industry distribution chart, Neogrid Participacoes ranks #221 out of 2734 companies for Piotroski F-Score. This places Neogrid Participacoes in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Neogrid Participacoes' value of 7 is 40% above this benchmark. Historically, Neogrid Participacoes' own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Neogrid Participacoes 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,734 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. Neogrid Participacoes'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 Neogrid Participacoes 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. Neogrid Participacoes's current Piotroski F-Score is 7, which is 17% above 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 Neogrid Participacoes stock overvalued right now?
Based on GuruFocus' analysis, Neogrid Participacoes (BSP:NGRD3) is currently considered Fairly Valued. The stock's GF Value™ is R$31.35, compared to a current price of R$34.28 — trading 9.3% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Software industry median of 5.00. Neogrid Participacoes' overall GF Score™ is 78/100 with 6 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 Neogrid Participacoes (BSP:NGRD3), the current Piotroski F-Score is 7 as of Aug. 01, 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 Neogrid Participacoes (BSP:NGRD3) Overvalued in 2026?
Based on GuruFocus' analysis, Neogrid Participacoes stock appears to be overvalued.
The current stock price of R$34.28 is trading 9.3% above its estimated GF Value™ of R$31.35.
GuruFocus considers Neogrid Participacoes to be Fairly Valued.
Key valuation signals for BSP:NGRD3:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: R$31.35 vs. price of R$34.28 (9.3% above fair value)
Industry Position: 40% above the Software median (#221 of 2734)
No single metric tells the full story. See the BSP:NGRD3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Neogrid Participacoes SA and its subsidiaries are engaged in the development, licensing, and implementation of customized software for the management and synchronization of supply chains. Additionally, the Group provides related technical advisory and training services, and is also engaged in the provision of technical IT support services, installation, configuration, and maintenance of software and databases. Geographically, it generates maximum revenue from Brazil and also has its presence, to a lesser extent, in international markets.
78GF Score
Get the complete analysis for BSP:NGRD3
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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