Net Avenue TechnologiesNSE:CBAZAAR +1.64%27 Piotroski F-Score is 6 as of Jul. 09, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates NSE:CBAZAAR with a GF Score™ of 27/100. The stock has 6 warning signs investors should review. Among 1,095 Retail - Cyclical companies, Net Avenue Technologies ranks better than 73.06% 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
Net Avenue Technologies 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 Net Avenue Technologies's Piotroski F-Score or its related term are showing as below:
NSE:CBAZAAR'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 6
Current: 6
During the past 6 years, the highest Piotroski F-Score of Net Avenue Technologies was 6. The lowest was 2. And the median was 5.
Net Avenue Technologies (NSE:CBAZAAR) 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.
Net Avenue Technologies Piotroski F-Score Related Terms
Net Avenue Technologies Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Net Avenue Technologies'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.
NSE:CBAZAAR vs AMZN, BABA, PDD: Piotroski F-Score Comparison
For the Internet Retail subindustry, Net Avenue Technologies'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.
Net Avenue Technologies Piotroski F-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Net Avenue Technologies's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Net Avenue Technologies'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.
Net Avenue Technologies's current Net Income (TTM) was -20.2.
==> 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.
Net Avenue Technologies's current Cash Flow from Operations (TTM) was -3.3.
==> 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.
Net Avenue Technologies's return on assets of this year was -0.15097421. Net Avenue Technologies's return on assets of last year was -0.21655763.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Net Avenue Technologies's gearing of this year was 0. Net Avenue Technologies'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
Net Avenue Technologies's current ratio of this year was 1.50199101. Net Avenue Technologies's current ratio of last year was 1.78657753.
==> 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.
Net Avenue Technologies's number of shares in issue this year was 21.313. Net Avenue Technologies's number of shares in issue last year was 21.464.
==> 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.
Net Avenue Technologies's gross margin of this year was 0.7205384. Net Avenue Technologies's gross margin of last year was 0.67596045.
==> 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
Net Avenue Technologies's asset turnover of this year was 1.87025479. Net Avenue Technologies's asset turnover of last year was 1.41013386.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Net Avenue Technologies has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Net Avenue Technologies (NSE:CBAZAAR) 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 Net Avenue Technologies and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Net Avenue Technologies' Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Net Avenue Technologies ranks #295 out of 1095 companies in the Retail - Cyclical industry, placing it in the top 26.9%.
Is Net Avenue Technologies' Piotroski F-Score too high?
Net Avenue Technologies' current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 6.00. The Retail - Cyclical industry median Piotroski F-Score is 5.00. Net Avenue Technologies' value of 6 is 20% above this industry median. Based on the distribution chart, Net Avenue Technologies ranks #295 out of 1095 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Net Avenue Technologies has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does Net Avenue Technologies' Piotroski F-Score compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Net Avenue Technologies ranks #295 out of 1095 companies for Piotroski F-Score. This puts Net Avenue Technologies in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Net Avenue Technologies' value of 6 is 20% above this benchmark. Historically, Net Avenue Technologies' own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Net Avenue Technologies 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 Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 5.00, based on 1,095 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. Net Avenue Technologies'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 Net Avenue Technologies and its competitors. For the Retail - Cyclical 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. Net Avenue Technologies's current Piotroski F-Score is 6, which is 20% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Net Avenue Technologies stock overvalued right now?
Net Avenue Technologies (NSE:CBAZAAR) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Retail - Cyclical industry median of 5.00. Net Avenue Technologies' overall GF Score™ is 27/100 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 Net Avenue Technologies (NSE:CBAZAAR), 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.
Net Avenue Technologies Ltd is engaged in an online digital direct-to-consumer business for Indian Ethnic wear and accessories. Its core business sells Indian Ethnic wear and accessories, catering to the South Asian Diaspora, and its product range includes Indian ethnic wear and accessories for women, men, teens, and kids. The company distributes its products through various prominent E-commerce platforms, including but not limited to Myntra, Nykaa, and Ajio, among others. Its primary markets are the United States, the United Kingdom, Canada, Australia, and India.
27GF Score
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