Awfis Space Solutions (NSE:AWFIS) Piotroski F-Score: 4 (As of Jun. 29, 2026) — Near Median


NSE:AWFIS Awfis Space Solutions Ltd NSE:AWFIS
35 GF Score
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! 6 Warning Signs
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What is Awfis Space Solutions Piotroski F-Score?

Awfis Space Solutions NSE:AWFIS -1.71% 35 Piotroski F-Score is 4 as of Jun. 29, 2026, which is at its 10-year median of 4.00. GuruFocus rates NSE:AWFIS with a GF Score™ of 35/100. The stock has 6 warning signs investors should review. Among 1,063 Business Services companies, Awfis Space Solutions ranks worse than 69.71% 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

Awfis Space Solutions has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Awfis Space Solutions's Piotroski F-Score or its related term are showing as below:

NSE:AWFIS' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 4   Max: 4
Current: 4

During the past 6 years, the highest Piotroski F-Score of Awfis Space Solutions was 4. The lowest was 4. And the median was 4.

Awfis Space Solutions  (NSE:AWFIS) 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.


Awfis Space Solutions Piotroski F-Score Related Terms


Awfis Space Solutions Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Awfis Space Solutions'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.

Awfis Space Solutions Piotroski F-Score Chart

Awfis Space Solutions Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A N/A 4.00 4.00

Awfis Space Solutions Quarterly Data
Mar21 Mar22 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 4.00 4.00 N/A N/A 4.00

NSE:AWFIS vs URI, SUNB, AER: Piotroski F-Score Comparison

For the Rental & Leasing Services subindustry, Awfis Space Solutions'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.


Awfis Space Solutions Piotroski F-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Awfis Space Solutions's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Awfis Space Solutions's Piotroski F-Score falls into.


NSE:AWFIS
35GF Score
Awfis Space Solutions Ltd NSE:AWFIS
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 99.77 + 159.73 + 216.55 + 232.48 = ₹709 Mil.
Cash Flow from Operations was 0 + 0 + 0 + 0 = ₹0 Mil.
Revenue was 3347.04 + 3668.6 + 3817.76 + 4101.44 = ₹14,935 Mil.
Gross Profit was 2802.89 + 3036.03 + 3243.78 + 3448.93 = ₹12,532 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(25069.84 + 0 + 26950.43 + 0 + 29101.89) / 5 = ₹27040.72 Mil.
Total Assets at the begining of this year (Mar25) was ₹25,070 Mil.
Long-Term Debt & Capital Lease Obligation was ₹10,902 Mil.
Total Current Assets was ₹6,776 Mil.
Total Current Liabilities was ₹9,904 Mil.
Net Income was 27.88 + 386.71 + 151.79 + 112.32 = ₹679 Mil.

Revenue was 2577.43 + 2923.84 + 3177.21 + 3396.87 = ₹12,075 Mil.
Gross Profit was 1970.61 + 2278.71 + 2498.86 + 2737.19 = ₹9,485 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(13980.79 + 0 + 19535.19 + 0 + 25069.84) / 5 = ₹19528.60666667 Mil.
Total Assets at the begining of last year (Mar24) was ₹13,981 Mil.
Long-Term Debt & Capital Lease Obligation was ₹11,132 Mil.
Total Current Assets was ₹5,157 Mil.
Total Current Liabilities was ₹7,267 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.

Awfis Space Solutions's current Net Income (TTM) was 709. ==> 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.

Awfis Space Solutions's current Cash Flow from Operations (TTM) was 0. ==> Negative ==> Score 0.

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)
=708.53/25069.84
=0.02826225

ROA (Last Year)=Net Income/Total Assets (Mar24)
=678.7/13980.79
=0.04854518

Awfis Space Solutions's return on assets of this year was 0.02826225. Awfis Space Solutions's return on assets of last year was 0.04854518. ==> 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.

Awfis Space Solutions's current Net Income (TTM) was 709. Awfis Space Solutions's current Cash Flow from Operations (TTM) was 0. ==> 0 <= 709 ==> CFROA <= ROA ==> Score 0.

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
=10902.35/27040.72
=0.40318268

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=11131.91/19528.60666667
=0.57003094

Awfis Space Solutions's gearing of this year was 0.40318268. Awfis Space Solutions's gearing of last year was 0.57003094. ==> 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
=6776.03/9903.73
=0.68418969

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=5156.96/7267.21
=0.70962034

Awfis Space Solutions's current ratio of this year was 0.68418969. Awfis Space Solutions's current ratio of last year was 0.70962034. ==> 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.

Awfis Space Solutions's number of shares in issue this year was 71.532. Awfis Space Solutions's number of shares in issue last year was 71.541. ==> 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
=12531.63/14934.84
=0.83908699

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=9485.37/12075.35
=0.78551512

Awfis Space Solutions's gross margin of this year was 0.83908699. Awfis Space Solutions's gross margin of last year was 0.78551512. ==> 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)
=14934.84/25069.84
=0.59572937

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=12075.35/13980.79
=0.86371013

Awfis Space Solutions's asset turnover of this year was 0.59572937. Awfis Space Solutions's asset turnover of last year was 0.86371013. ==> 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+0+0+0+1+0+1+1+0
=4

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

Awfis Space Solutions has an F-score of 4 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 4 mean?
Awfis Space Solutions (NSE:AWFIS) has a Piotroski F-Score of 4 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Awfis Space Solutions and its competitors. This is near median its historical median of 4.00. Over the past decade, Awfis Space Solutions' Piotroski F-Score has ranged from 4.00 to 4.00. According to the industry distribution chart, Awfis Space Solutions ranks #741 out of 1063 companies in the Business Services industry, placing it in the top 69.7%.
Is Awfis Space Solutions' Piotroski F-Score too high?
Awfis Space Solutions' current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 4.00. The Business Services industry median Piotroski F-Score is 5.00. Awfis Space Solutions' value of 4 is 20% below this industry median. Based on the distribution chart, Awfis Space Solutions ranks #741 out of 1063 companies in the Business Services industry, which is below the industry midpoint. Overall, Awfis Space Solutions has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Awfis Space Solutions' Piotroski F-Score compare to URI and SUNB?
According to the Business Services industry distribution chart, Awfis Space Solutions ranks #741 out of 1063 companies for Piotroski F-Score. This places Awfis Space Solutions in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Awfis Space Solutions' value of 4 is 20% below this benchmark. Historically, Awfis Space Solutions' own Piotroski F-Score has ranged from 4.00 to 4.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Awfis Space Solutions has consistently been below 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,063 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. Awfis Space Solutions's current Piotroski F-Score of 4 is 20% below 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 Awfis Space Solutions and its competitors. For the Business Services 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. Awfis Space Solutions's current Piotroski F-Score is 4, which is near median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Awfis Space Solutions stock overvalued right now?
Awfis Space Solutions (NSE:AWFIS) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Business Services industry median of 5.00. Awfis Space Solutions' overall GF Score™ is 35/100 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 Awfis Space Solutions (NSE:AWFIS), the current Piotroski F-Score is 4 as of Jun. 29, 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.

Awfis Space Solutions Business Description

Other Exchanges 544181:India
Address Qutab Institutional Area, C-28-29, Kissan Bhawan, New Delhi, IND, 110016
Awfis Space Solutions Ltd is a flexible workspace solutions company with a presence in various cities in India. It provides a wide spectrum of flexible workspace solutions ranging from individual flexible desk needs to customized office spaces for start-ups, small and medium enterprises (SMEs) as well as for large corporates and multi-national corporations. It also provides integrated facility management services and enterprise workspace designing and building services. The group is organized into several business segments: Providing co-working space on rent and allied services, Facility management services, Construction and fit-out services, and Other services. Key revenue is generated from Co-working space on rent and allied services.
35GF Score

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