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Waterways Leisure TourismNSE:CORDELIA -2.31%20 Piotroski F-Score is 3 as of Sep. 10, 2026, which is at its 10-year median of 3.00. GuruFocus rates NSE:CORDELIA with a GF Score™ of 20/100. The stock has 9 warning signs investors should review. Among 994 Transportation companies, Waterways Leisure Tourism ranks worse than 88.63% on this metric.
Warning Sign:
Piotroski F-Score of 3 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Waterways Leisure Tourism has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Waterways Leisure Tourism's Piotroski F-Score or its related term are showing as below:
NSE:CORDELIA'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 3 Max: 8
Current: 3
During the past 5 years, the highest Piotroski F-Score of Waterways Leisure Tourism was 8. The lowest was 3. And the median was 3.
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.
Waterways Leisure Tourism Piotroski F-Score Related Terms
Waterways Leisure Tourism Piotroski F-Score Historical Data
* 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.
For the Marine Shipping subindustry, Waterways Leisure Tourism'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.
Waterways Leisure Tourism Piotroski F-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Waterways Leisure Tourism's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Waterways Leisure Tourism'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.
Waterways Leisure Tourism's current Net Income (TTM) was 521.
==> 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.
Waterways Leisure Tourism's current Cash Flow from Operations (TTM) was -964.
==> 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.
Waterways Leisure Tourism's return on assets of this year was 0.2107861. Waterways Leisure Tourism's return on assets of last year was 0.42130511.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Waterways Leisure Tourism's gearing of this year was 0.2014621. Waterways Leisure Tourism's gearing of last year was 0.05567499.
==> Last year is lower than this year ==> Score 0.
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
Waterways Leisure Tourism's current ratio of this year was 0.52008246. Waterways Leisure Tourism's current ratio of last year was 0.76731162.
==> 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.
Waterways Leisure Tourism's number of shares in issue this year was 723.945. Waterways Leisure Tourism's number of shares in issue last year was 723.945.
==> 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.
Waterways Leisure Tourism's gross margin of this year was 0.29270216. Waterways Leisure Tourism's gross margin of last year was 0.36069883.
==> 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
Waterways Leisure Tourism's asset turnover of this year was 2.34233185. Waterways Leisure Tourism's asset turnover of last year was 1.47713427.
==> 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
Waterways Leisure Tourism has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Waterways Leisure Tourism (NSE:CORDELIA) has a Piotroski F-Score of 3 as of Sep. 10, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Waterways Leisure Tourism and its competitors. This is near median its historical median of 3.00. Over the past decade, Waterways Leisure Tourism's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Waterways Leisure Tourism ranks #881 out of 994 companies in the Transportation industry, placing it in the top 88.6%.
Is Waterways Leisure Tourism's Piotroski F-Score too high?
Waterways Leisure Tourism's current Piotroski F-Score of 3 is near median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Transportation industry median Piotroski F-Score is 6.00. Waterways Leisure Tourism's value of 3 is 50% below this industry median. Based on the distribution chart, Waterways Leisure Tourism ranks #881 out of 994 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Waterways Leisure Tourism has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Waterways Leisure Tourism's Piotroski F-Score compare to competitors?
According to the Transportation industry distribution chart, Waterways Leisure Tourism ranks #881 out of 994 companies for Piotroski F-Score. This places Waterways Leisure Tourism in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Waterways Leisure Tourism's value of 3 is 50% below this benchmark. Historically, Waterways Leisure Tourism's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 6.00, Waterways Leisure Tourism 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 994 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. Waterways Leisure Tourism's current Piotroski F-Score of 3 is 50% 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 Waterways Leisure Tourism and its competitors. For the Transportation industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waterways Leisure Tourism's current Piotroski F-Score is 3, which is near 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 Waterways Leisure Tourism stock overvalued right now?
Waterways Leisure Tourism (NSE:CORDELIA) has a current Piotroski F-Score of 3. The current Piotroski F-Score is 3, which is near median its 10-year median of 3.00 and 50% below the Transportation industry median of 6.00. Waterways Leisure Tourism's overall GF Score™ is 20/100 with 9 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 Waterways Leisure Tourism (NSE:CORDELIA), the current Piotroski F-Score is 3 as of Sep. 10, 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.
Waterways Leisure Tourism Ltd is one of the domestic ocean cruise operators in India, offering luxurious and authentic Indian experiences. It is engaged in the business of cruise lines, shipping, organizing, and conducting cruises, tours, holidays, maintaining, and providing related services. The company currently operates a cruise vessel, the MV Empress. Its cruise vessel sails to domestic destinations such as Mumbai (Maharashtra), Goa, Kochi (Kerala), Chennai (Tamil Nadu), Lakshadweep, Visakhapatnam(Andhra Pradesh), and Puducherry. Its cruise vessel MV Empress offers a variety of cabin options, including one chairman's suite, suites, mini suites, ocean-view staterooms, and interior staterooms.
20GF Score
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