Anthem Biosciences (NSE:ANTHEM) Piotroski F-Score: 7 (As of Jul. 13, 2026) — Near Median

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NSE:ANTHEM Anthem Biosciences Ltd NSE:ANTHEM
34 GF Score
Price ₹747.65
! 2 Warning Signs
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What is Anthem Biosciences Piotroski F-Score?

Anthem Biosciences NSE:ANTHEM -0.93% 34 Piotroski F-Score is 7 as of Jul. 13, 2026, which is at its 10-year median of 7.00. GuruFocus rates NSE:ANTHEM with a GF Score™ of 34/100. The stock has 2 warning signs investors should review. Among 1,333 Biotechnology companies, Anthem Biosciences ranks better than 96.85% 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

Anthem Biosciences 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 Anthem Biosciences's Piotroski F-Score or its related term are showing as below:

NSE:ANTHEM' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 8
Current: 7

During the past 5 years, the highest Piotroski F-Score of Anthem Biosciences was 8. The lowest was 5. And the median was 7.

Anthem Biosciences  (NSE:ANTHEM) 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.


Anthem Biosciences Piotroski F-Score Related Terms


Anthem Biosciences Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Anthem Biosciences'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.

Anthem Biosciences Piotroski F-Score Chart

Anthem Biosciences Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
N/A N/A 5.00 8.00 7.00

Anthem Biosciences Quarterly Data
Mar22 Mar23 Mar24 Sep24 Dec24 Mar25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only 0.00 8.00 0.00 0.00 7.00

NSE:ANTHEM vs VRTX, REGN, ALNY: Piotroski F-Score Comparison

For the Biotechnology subindustry, Anthem Biosciences'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.


Anthem Biosciences Piotroski F-Score vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Anthem Biosciences's Piotroski F-Score distribution charts can be found below:

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


NSE:ANTHEM
34GF Score
Anthem Biosciences Ltd NSE:ANTHEM
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 ₹5,918 Mil.
Cash Flow from Operations was ₹8,445 Mil.
Revenue was ₹21,243 Mil.
Gross Profit was ₹13,121 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (28075.83 + 34292.9) / 2 = ₹31184.365 Mil.
Total Assets at the begining of this year (Mar25) was ₹28,076 Mil.
Long-Term Debt & Capital Lease Obligation was ₹286 Mil.
Total Current Assets was ₹18,031 Mil.
Total Current Liabilities was ₹3,257 Mil.
Net Income was ₹4,513 Mil.

Revenue was ₹18,446 Mil.
Gross Profit was ₹11,006 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (23981.14 + 28075.83) / 2 = ₹26028.485 Mil.
Total Assets at the begining of last year (Mar24) was ₹23,981 Mil.
Long-Term Debt & Capital Lease Obligation was ₹499 Mil.
Total Current Assets was ₹14,882 Mil.
Total Current Liabilities was ₹3,262 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.

Anthem Biosciences's current Net Income (TTM) was 5,918. ==> 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.

Anthem Biosciences's current Cash Flow from Operations (TTM) was 8,445. ==> 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)
=5917.92/28075.83
=0.21078344

ROA (Last Year)=Net Income/Total Assets (Mar24)
=4512.6/23981.14
=0.18817287

Anthem Biosciences's return on assets of this year was 0.21078344. Anthem Biosciences's return on assets of last year was 0.18817287. ==> 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.

Anthem Biosciences's current Net Income (TTM) was 5,918. Anthem Biosciences's current Cash Flow from Operations (TTM) was 8,445. ==> 8,445 > 5,918 ==> 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
=286.17/31184.365
=0.00917671

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=498.84/26028.485
=0.01916516

Anthem Biosciences's gearing of this year was 0.00917671. Anthem Biosciences's gearing of last year was 0.01916516. ==> 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
=18031.45/3257.14
=5.53597635

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=14881.7/3262.33
=4.56167831

Anthem Biosciences's current ratio of this year was 5.53597635. Anthem Biosciences's current ratio of last year was 4.56167831. ==> 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.

Anthem Biosciences's number of shares in issue this year was 567.338. Anthem Biosciences's number of shares in issue last year was 561.61. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=13120.5/21243.33
=0.61762916

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=11006.41/18445.53
=0.59669795

Anthem Biosciences's gross margin of this year was 0.61762916. Anthem Biosciences's gross margin of last year was 0.59669795. ==> 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)
=21243.33/28075.83
=0.75664121

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=18445.53/23981.14
=0.76916819

Anthem Biosciences's asset turnover of this year was 0.75664121. Anthem Biosciences's asset turnover of last year was 0.76916819. ==> 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+1+1+1+1+0+1+0
=7

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

Anthem Biosciences 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?
Anthem Biosciences (NSE:ANTHEM) has a Piotroski F-Score of 7 as of Jul. 13, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Anthem Biosciences and its competitors. This is near median its historical median of 7.00. Over the past decade, Anthem Biosciences' Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Anthem Biosciences ranks #42 out of 1333 companies in the Biotechnology industry, placing it in the top 3.2%.
Is Anthem Biosciences' Piotroski F-Score too high?
Anthem Biosciences' current Piotroski F-Score of 7 is near 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 8.00. The Biotechnology industry median Piotroski F-Score is 3.00. Anthem Biosciences' value of 7 is 133.3% above this industry median. Based on the distribution chart, Anthem Biosciences ranks #42 out of 1333 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, Anthem Biosciences has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Anthem Biosciences' Piotroski F-Score compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Anthem Biosciences ranks #42 out of 1333 companies for Piotroski F-Score. This places Anthem Biosciences in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Anthem Biosciences' value of 7 is 133.3% above this benchmark. Historically, Anthem Biosciences' own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 3.00, Anthem Biosciences 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 Biotechnology company?
The median Piotroski F-Score among Biotechnology companies is 3.00, based on 1,333 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. Anthem Biosciences's current Piotroski F-Score of 7 is 133.3% 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 Anthem Biosciences and its competitors. For the Biotechnology industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anthem Biosciences's current Piotroski F-Score is 7, which is near 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 Anthem Biosciences stock overvalued right now?
Anthem Biosciences (NSE:ANTHEM) has a current Piotroski F-Score of 7. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 133.3% above the Biotechnology industry median of 3.00. Anthem Biosciences' overall GF Score™ is 34/100 with 2 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 Anthem Biosciences (NSE:ANTHEM), the current Piotroski F-Score is 7 as of Jul. 13, 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.

Anthem Biosciences Business Description

Other Exchanges 544449:India
Address No. 49, F1 & F2, Canara Bank Road, Bommasandra Industrial Area, Phase 1, Bommasandra, Bangalore, KA, IND, 560 099
Anthem Biosciences Ltd is an innovation-driven and technology-focused Contract Research, Development and Manufacturing Organization (CRDMO) with fully integrated operations spanning across drug discovery, development and manufacturing. It is one of the few companies in India with integrated New Chemical Entity (NCE) and New Biological Entity (NBE) capabilities across drug discovery, development, and commercial manufacturing. As a one-stop service provider, It serves a range of customers, encompassing innovator-focused emerging biotech and large pharmaceutical companies globally.
34GF Score

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