Aban Offshore (NSE:ABAN) Piotroski F-Score: 7 (As of Jun. 30, 2026) — 133% Above Median


NSE:ABAN Aban Offshore Ltd NSE:ABAN
34 GF Score
Price ₹13.18
GF Value ₹45.71
Valuation Possible Value Trap
! 7 Warning Signs
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What is Aban Offshore Piotroski F-Score?

Aban Offshore NSE:ABAN -4.97% 34 Piotroski F-Score is 7 as of Jun. 30, 2026, which is 133% above its 10-year median of 3.00. GuruFocus rates NSE:ABAN with a GF Score™ of 34/100 and a GF Value™ of ₹45.71 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 975 Oil & Gas companies, Aban Offshore ranks better than 92.51% 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

Aban Offshore 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 Aban Offshore's Piotroski F-Score or its related term are showing as below:

NSE:ABAN' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of Aban Offshore was 7. The lowest was 1. And the median was 3.

Aban Offshore  (NSE:ABAN) 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.


Aban Offshore Piotroski F-Score Related Terms


Aban Offshore Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Aban Offshore'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.

Aban Offshore Piotroski F-Score Chart

Aban Offshore Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 3.00 7.00 5.00 7.00

Aban Offshore Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.00 7.00 0.00 0.00 0.00

NSE:ABAN vs NE, RIG, VAL: Piotroski F-Score Comparison

For the Oil & Gas Drilling subindustry, Aban Offshore'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.


Aban Offshore Piotroski F-Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Aban Offshore's Piotroski F-Score distribution charts can be found below:

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


NSE:ABAN
34GF Score
Aban Offshore Ltd NSE:ABAN
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was ₹-8,894 Mil.
Cash Flow from Operations was ₹1,389 Mil.
Revenue was ₹4,757 Mil.
Gross Profit was ₹3,923 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was (15150.37 + 15329.85) / 2 = ₹15240.11 Mil.
Total Assets at the begining of this year (Mar24) was ₹15,150 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0 Mil.
Total Current Assets was ₹5,683 Mil.
Total Current Liabilities was ₹269,345 Mil.
Net Income was ₹-13,178 Mil.

Revenue was ₹3,997 Mil.
Gross Profit was ₹3,035 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was (17267.9 + 15150.37) / 2 = ₹16209.135 Mil.
Total Assets at the begining of last year (Mar23) was ₹17,268 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0 Mil.
Total Current Assets was ₹5,660 Mil.
Total Current Liabilities was ₹253,864 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.

Aban Offshore's current Net Income (TTM) was -8,894. ==> 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.

Score 1 if positive, 0 if negative.

Aban Offshore's current Cash Flow from Operations (TTM) was 1,389. ==> 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 (Mar24)
=-8893.92/15150.37
=-0.58704309

ROA (Last Year)=Net Income/Total Assets (Mar23)
=-13178.41/17267.9
=-0.76317387

Aban Offshore's return on assets of this year was -0.58704309. Aban Offshore's return on assets of last year was -0.76317387. ==> This year is higher. ==> Score 1.

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.

Aban Offshore's current Net Income (TTM) was -8,894. Aban Offshore's current Cash Flow from Operations (TTM) was 1,389. ==> 1,389 > -8,894 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/15240.11
=0

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=0/16209.135
=0

Aban Offshore's gearing of this year was 0. Aban Offshore's gearing of last year was 0. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=5682.94/269344.72
=0.02109913

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=5660.06/253864.46
=0.0222956

Aban Offshore's current ratio of this year was 0.02109913. Aban Offshore's current ratio of last year was 0.0222956. ==> Last year's current ratio is higher ==> Score 0.

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.

Aban Offshore's number of shares in issue this year was 58.36. Aban Offshore's number of shares in issue last year was 58.36. ==> 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
=3923.07/4756.55
=0.82477216

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3035.15/3996.65
=0.75942352

Aban Offshore's gross margin of this year was 0.82477216. Aban Offshore's gross margin of last year was 0.75942352. ==> 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 (Mar24)
=4756.55/15150.37
=0.31395603

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=3996.65/17267.9
=0.23144968

Aban Offshore's asset turnover of this year was 0.31395603. Aban Offshore's asset turnover of last year was 0.23144968. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+1+1+1+1+0+1+1+1
=7

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

Aban Offshore has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Aban Offshore (NSE:ABAN) has a Piotroski F-Score of 7 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Aban Offshore and its competitors. This is 133% above median its historical median of 3.00. Over the past decade, Aban Offshore's Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, Aban Offshore ranks #73 out of 975 companies in the Oil & Gas industry, placing it in the top 7.5%.
Is Aban Offshore's Piotroski F-Score too high?
Aban Offshore's current Piotroski F-Score of 7 is 133% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 7.00. The Oil & Gas industry median Piotroski F-Score is 5.00. Aban Offshore's value of 7 is 40% above this industry median. Based on the distribution chart, Aban Offshore ranks #73 out of 975 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Aban Offshore has a GF Score™ of 34/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Aban Offshore's Piotroski F-Score compare to NE and RIG?
According to the Oil & Gas industry distribution chart, Aban Offshore ranks #73 out of 975 companies for Piotroski F-Score. This places Aban Offshore in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Aban Offshore's value of 7 is 40% above this benchmark. Historically, Aban Offshore's own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Aban Offshore 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 an Oil & Gas company?
The median Piotroski F-Score among Oil & Gas companies is 5.00, based on 975 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. Aban Offshore'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 Aban Offshore and its competitors. For the Oil & Gas 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. Aban Offshore's current Piotroski F-Score is 7, which is 133% above median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aban Offshore stock overvalued right now?
Based on GuruFocus' analysis, Aban Offshore (NSE:ABAN) is currently considered Possible Value Trap. The stock's GF Value™ is ₹45.71, compared to a current price of ₹13.18 — trading 71.2% below its estimated fair value. The current Piotroski F-Score is 7, which is 133% above median its 10-year median of 3.00 and 40% above the Oil & Gas industry median of 5.00. Aban Offshore's overall GF Score™ is 34/100 with 7 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 Aban Offshore (NSE:ABAN), the current Piotroski F-Score is 7 as of Jun. 30, 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 Aban Offshore (NSE:ABAN) Overvalued in 2026?

Based on GuruFocus' analysis, Aban Offshore stock appears to be undervalued. The current stock price of ₹13.18 is trading 71.2% below its estimated GF Value™ of ₹45.71. GuruFocus considers Aban Offshore to be Possible Value Trap.

Key valuation signals for NSE:ABAN:

  • Piotroski F-Score: 7 (133% above median its 10-year median of 3.00)
  • GF Value™: ₹45.71 vs. price of ₹13.18 (71.2% below fair value)
  • GF Score™: 34/100 with 7 warning signs
  • Industry Position: 40% above the Oil & Gas median (#73 of 975)

No single metric tells the full story. See the NSE:ABAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aban Offshore Business Description

Industry EnergyOil & Gas
Other Exchanges 523204:India
Address 113 Pantheon Road, Janpriya Crest, Egmore, Chennai, TN, IND, 600 008
Aban Offshore Ltd is an Indian company engaged in the business of providing offshore drilling and production services to companies engaged in the exploration, development, and production of oil and gas both in domestic and international markets. It generates maximum revenue from drilling services. It serves Southeast Asia, South Asia, Latin America, West Africa, and the Middle East.
34GF Score

Get the complete analysis for NSE:ABAN

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

₹13.18
Price
₹45.71
GF Value