Usha MartinLUX:USHMA 73 Piotroski F-Score is 6 as of Jul. 06, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates LUX:USHMA with a GF Score™ of 73/100 and a GF Value™ of $18.75. The stock has 3 warning signs investors should review. Among 623 Steel companies, Usha Martin 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
Usha Martin 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 Usha Martin's Piotroski F-Score or its related term are showing as below:
LUX:USHMA'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 7 Max: 9
Current: 6
During the past 13 years, the highest Piotroski F-Score of Usha Martin was 9. The lowest was 5. And the median was 7.
Usha Martin (LUX:USHMA) 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.
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.
Usha Martin Piotroski F-Score Related Terms
Usha Martin Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Usha Martin'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.
LUX:USHMA vs NUE, STLD, RS: Piotroski F-Score Comparison
For the Steel subindustry, Usha Martin'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.
Usha Martin Piotroski F-Score vs Steel Industry
For the Steel industry and Basic Materials sector, Usha Martin's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Usha Martin'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.
Usha Martin's current Net Income (TTM) was 50.2.
==> 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.
Usha Martin's return on assets of this year was 0.11589844. Usha Martin's return on assets of last year was 0.1173847.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Usha Martin's gearing of this year was 0.02211619. Usha Martin's gearing of last year was 0.05914673.
==> 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
Usha Martin's current ratio of this year was 3.27775776. Usha Martin's current ratio of last year was 2.85491441.
==> 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.
Usha Martin's number of shares in issue this year was 60.954. Usha Martin's number of shares in issue last year was 60.941.
==> 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.
Usha Martin's gross margin of this year was 0.49404777. Usha Martin's gross margin of last year was 0.49626685.
==> 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
Usha Martin's asset turnover of this year was 0.91801349. Usha Martin's asset turnover of last year was 1.00104957.
==> 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
Usha Martin has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Usha Martin (LUX:USHMA) has a Piotroski F-Score of 6 as of Jul. 06, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Usha Martin and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Usha Martin's Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, Usha Martin ranks #133 out of 623 companies in the Steel industry, placing it in the top 21.3%.
Is Usha Martin's Piotroski F-Score too high?
Usha Martin's 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 5.00 to a high of 9.00. The Steel industry median Piotroski F-Score is 5.00. Usha Martin's value of 6 is 20% above this industry median. Based on the distribution chart, Usha Martin ranks #133 out of 623 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Usha Martin has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Usha Martin's Piotroski F-Score compare to NUE and STLD?
According to the Steel industry distribution chart, Usha Martin ranks #133 out of 623 companies for Piotroski F-Score. This places Usha Martin in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Usha Martin's value of 6 is 20% above this benchmark. Historically, Usha Martin'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 7.00 vs. the industry median of 5.00, Usha Martin 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 Steel company?
The median Piotroski F-Score among Steel companies is 5.00, based on 623 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. Usha Martin'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 Usha Martin and its competitors. For the Steel 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. Usha Martin'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 Usha Martin stock overvalued right now?
Usha Martin (LUX:USHMA) has a current Piotroski F-Score of 6. The stock's GF Value™ is $18.75, compared to a current price of $23.00 — trading 22.7% above its estimated fair value. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Steel industry median of 5.00. Usha Martin's overall GF Score™ is 73/100 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 Usha Martin (LUX:USHMA), the current Piotroski F-Score is 6 as of Jul. 06, 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 Usha Martin (LUX:USHMA) Overvalued in 2026?
Based on GuruFocus' analysis, Usha Martin stock appears to be overvalued.
The current stock price of $23.00 is trading 22.7% above its estimated GF Value™ of $18.75.
Key valuation signals for LUX:USHMA:
Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
GF Value™: $18.75 vs. price of $23.00 (22.7% above fair value)
Industry Position: 20% above the Steel median (#133 of 623)
No single metric tells the full story. See the LUX:USHMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Usha Martin Ltd is engaged in the business of the production of wire rope. The company's operating segment includes Wire and wire ropes and others. It generates maximum revenue from the Wire and wire ropes segment. The wire and wire ropes segment manufactures and sells steel wires, strands, wire ropes, cords, related accessories, and others. Its Others segment includes the manufacturing and selling of wire drawing and allied machines and corporate office. Geographically, it derives a majority of revenue from India and also has its presence outside India.
73GF Score
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