Nagarro SE (LTS:0AA3) Piotroski F-Score: 6 (As of Jul. 09, 2026) — Near Median


LTS:0AA3 Nagarro SE LTS:0AA3
56 GF Score
Price €77.12
! 6 Warning Signs
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What is Nagarro SE Piotroski F-Score?

Nagarro SE LTS:0AA3 +0.06% 56 Piotroski F-Score is 6 as of Jul. 09, 2026, which is at its 10-year median of 6.00. GuruFocus rates LTS:0AA3 with a GF Score™ of 56/100. The stock has 6 warning signs investors should review. Among 2,736 Software companies, Nagarro SE ranks better than 78.65% 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

Nagarro SE 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 Nagarro SE's Piotroski F-Score or its related term are showing as below:

LTS:0AA3' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 9
Current: 6

During the past 8 years, the highest Piotroski F-Score of Nagarro SE was 9. The lowest was 5. And the median was 6.

Nagarro SE  (LTS:0AA3) 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.


Nagarro SE Piotroski F-Score Related Terms


Nagarro SE Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Nagarro SE'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.

Nagarro SE Piotroski F-Score Chart

Nagarro SE Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 6.00 9.00 6.00 5.00 6.00

Nagarro SE Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 6.00 6.00 6.00 6.00

LTS:0AA3 vs IBM, ACN, FISV: Piotroski F-Score Comparison

For the Information Technology Services subindustry, Nagarro SE'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.


Nagarro SE Piotroski F-Score vs Software Industry

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

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


LTS:0AA3
56GF Score
Nagarro SE LTS:0AA3
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 8.346 + 21.4 + -1.48 + 19.167 = €47 Mil.
Cash Flow from Operations was -11.463 + 51.044 + 25.705 + -0.282 = €65 Mil.
Revenue was 251.976 + 254.569 + 245.866 + 248.135 = €1,001 Mil.
Gross Profit was 83.391 + 61.271 + 93.739 + 59.431 = €298 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(764.15 + 728.433 + 750.305 + 742.963 + 746.145) / 5 = €746.3992 Mil.
Total Assets at the begining of this year (Mar25) was €764 Mil.
Long-Term Debt & Capital Lease Obligation was €357 Mil.
Total Current Assets was €389 Mil.
Total Current Liabilities was €156 Mil.
Net Income was 12.013 + 12.748 + 7.833 + 11.225 = €44 Mil.

Revenue was 244.138 + 242.925 + 246.63 + 246.884 = €981 Mil.
Gross Profit was 71.477 + 54.035 + 96.296 + 54.188 = €276 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(699.663 + 720.57 + 731.503 + 795.701 + 764.15) / 5 = €742.3174 Mil.
Total Assets at the begining of last year (Mar24) was €700 Mil.
Long-Term Debt & Capital Lease Obligation was €338 Mil.
Total Current Assets was €421 Mil.
Total Current Liabilities was €177 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.

Nagarro SE's current Net Income (TTM) was 47. ==> 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.

Nagarro SE's current Cash Flow from Operations (TTM) was 65. ==> 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)
=47.433/764.15
=0.06207289

ROA (Last Year)=Net Income/Total Assets (Mar24)
=43.819/699.663
=0.06262872

Nagarro SE's return on assets of this year was 0.06207289. Nagarro SE's return on assets of last year was 0.06262872. ==> 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.

Nagarro SE's current Net Income (TTM) was 47. Nagarro SE's current Cash Flow from Operations (TTM) was 65. ==> 65 > 47 ==> CFROA > ROA ==> Score 1.

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
=357.075/746.3992
=0.47839682

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=337.629/742.3174
=0.45483105

Nagarro SE's gearing of this year was 0.47839682. Nagarro SE's gearing of last year was 0.45483105. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=388.614/155.95
=2.49191408

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=421.303/176.763
=2.38343432

Nagarro SE's current ratio of this year was 2.49191408. Nagarro SE's current ratio of last year was 2.38343432. ==> 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.

Nagarro SE's number of shares in issue this year was 12.38. Nagarro SE's number of shares in issue last year was 13.245. ==> 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
=297.832/1000.546
=0.29766947

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=275.996/980.577
=0.28146285

Nagarro SE's gross margin of this year was 0.29766947. Nagarro SE's gross margin of last year was 0.28146285. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=1000.546/764.15
=1.30935811

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=980.577/699.663
=1.40149901

Nagarro SE's asset turnover of this year was 1.30935811. Nagarro SE's asset turnover of last year was 1.40149901. ==> 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

Nagarro SE has an F-score of 6 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 6 mean?
Nagarro SE (LTS:0AA3) has a Piotroski F-Score of 6 as of Jul. 09, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Nagarro SE and its competitors. This is near median its historical median of 6.00. Over the past decade, Nagarro SE's Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, Nagarro SE ranks #584 out of 2736 companies in the Software industry, placing it in the top 21.3%.
Is Nagarro SE's Piotroski F-Score too high?
Nagarro SE's current Piotroski F-Score of 6 is near 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 9.00. The Software industry median Piotroski F-Score is 5.00. Nagarro SE's value of 6 is 20% above this industry median. Based on the distribution chart, Nagarro SE ranks #584 out of 2736 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Nagarro SE has a GF Score™ of 56/100, reflecting its overall financial health beyond just this single metric.
How does Nagarro SE's Piotroski F-Score compare to IBM and ACN?
According to the Software industry distribution chart, Nagarro SE ranks #584 out of 2736 companies for Piotroski F-Score. This places Nagarro SE in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Nagarro SE's value of 6 is 20% above this benchmark. Historically, Nagarro SE's own Piotroski F-Score has ranged from 5.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Nagarro SE 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 2,736 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. Nagarro SE'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 Nagarro SE 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. Nagarro SE's current Piotroski F-Score is 6, which is near 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 Nagarro SE stock overvalued right now?
Nagarro SE (LTS:0AA3) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Software industry median of 5.00. Nagarro SE's overall GF Score™ is 56/100 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 Nagarro SE (LTS:0AA3), the current Piotroski F-Score is 6 as of Jul. 09, 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.

Nagarro SE Business Description

Address Baierbrunner Street 15, Munich, BY, DEU, 81379
Nagarro SE is a digital engineering company. The company offers digital product engineering, artificial intelligence and machine learning, cloud solutions, digital marketing, managed services, and others. The company's geographical segment includes North America, Central Europe, Rest of Europe, and Rest of World.
56GF Score

Get the complete analysis for LTS:0AA3

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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