Crayons Advertising (NSE:CRAYONS) Piotroski F-Score: 3 (As of Jun. 30, 2026) — 40% Below Median


NSE:CRAYONS Crayons Advertising Ltd NSE:CRAYONS
72 GF Score
Price ₹27.50
GF Value ₹140.30
Valuation Possible Value Trap
! 6 Warning Signs
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What is Crayons Advertising Piotroski F-Score?

Crayons Advertising NSE:CRAYONS 72 Piotroski F-Score is 3 as of Jun. 30, 2026, which is 40% below its 10-year median of 5.00. GuruFocus rates NSE:CRAYONS with a GF Score™ of 72/100 and a GF Value™ of ₹140.30 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,009 Media - Diversified companies, Crayons Advertising ranks worse than 79.88% 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

Crayons Advertising 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 Crayons Advertising's Piotroski F-Score or its related term are showing as below:

NSE:CRAYONS' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 3

During the past 6 years, the highest Piotroski F-Score of Crayons Advertising was 7. The lowest was 3. And the median was 5.

Crayons Advertising  (NSE:CRAYONS) 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.


Crayons Advertising Piotroski F-Score Related Terms


Crayons Advertising Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Crayons Advertising'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.

Crayons Advertising Piotroski F-Score Chart

Crayons Advertising Annual Data
Trend Mar20 Mar21 Mar22 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial N/A 7.00 6.00 3.00 3.00

Crayons Advertising Semi-Annual Data
Mar20 Mar21 Mar22 Mar24 Mar25 Mar26
Piotroski F-Score Get a 7-Day Free Trial N/A 7.00 6.00 3.00 3.00

NSE:CRAYONS vs APP, OMC, TTD: Piotroski F-Score Comparison

For the Advertising Agencies subindustry, Crayons Advertising'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.


Crayons Advertising Piotroski F-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Crayons Advertising's Piotroski F-Score distribution charts can be found below:

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


NSE:CRAYONS
72GF Score
Crayons Advertising Ltd NSE:CRAYONS
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was ₹38 Mil.
Cash Flow from Operations was ₹-47 Mil.
Revenue was ₹3,130 Mil.
Gross Profit was ₹448 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (2136.277 + 2354.372) / 2 = ₹2245.3245 Mil.
Total Assets at the begining of this year (Mar25) was ₹2,136 Mil.
Long-Term Debt & Capital Lease Obligation was ₹76 Mil.
Total Current Assets was ₹1,853 Mil.
Total Current Liabilities was ₹1,010 Mil.
Net Income was ₹109 Mil.

Revenue was ₹2,340 Mil.
Gross Profit was ₹419 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (1947.474 + 2136.277) / 2 = ₹2041.8755 Mil.
Total Assets at the begining of last year (Mar24) was ₹1,947 Mil.
Long-Term Debt & Capital Lease Obligation was ₹29 Mil.
Total Current Assets was ₹1,783 Mil.
Total Current Liabilities was ₹904 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.

Crayons Advertising's current Net Income (TTM) was 38. ==> 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.

Crayons Advertising's current Cash Flow from Operations (TTM) was -47. ==> 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)
=37.672/2136.277
=0.01763442

ROA (Last Year)=Net Income/Total Assets (Mar24)
=109.396/1947.474
=0.05617328

Crayons Advertising's return on assets of this year was 0.01763442. Crayons Advertising's return on assets of last year was 0.05617328. ==> 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.

Crayons Advertising's current Net Income (TTM) was 38. Crayons Advertising's current Cash Flow from Operations (TTM) was -47. ==> -47 <= 38 ==> 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
=75.705/2245.3245
=0.03371673

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=28.824/2041.8755
=0.01411643

Crayons Advertising's gearing of this year was 0.03371673. Crayons Advertising's gearing of last year was 0.01411643. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=1852.574/1009.798
=1.8345986

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1782.904/904.066
=1.97209496

Crayons Advertising's current ratio of this year was 1.8345986. Crayons Advertising's current ratio of last year was 1.97209496. ==> 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.

Crayons Advertising's number of shares in issue this year was 24.462. Crayons Advertising's number of shares in issue last year was 24.919. ==> 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
=448.144/3130.478
=0.14315513

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=419.485/2340.264
=0.17924687

Crayons Advertising's gross margin of this year was 0.14315513. Crayons Advertising's gross margin of last year was 0.17924687. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=3130.478/2136.277
=1.46538955

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2340.264/1947.474
=1.20169204

Crayons Advertising's asset turnover of this year was 1.46538955. Crayons Advertising's asset turnover of last year was 1.20169204. ==> 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
=1+0+0+0+0+0+1+0+1
=3

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

Crayons Advertising has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
Crayons Advertising (NSE:CRAYONS) has a Piotroski F-Score of 3 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Crayons Advertising and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, Crayons Advertising's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Crayons Advertising ranks #806 out of 1009 companies in the Media - Diversified industry, placing it in the top 79.9%.
Is Crayons Advertising's Piotroski F-Score too high?
Crayons Advertising's current Piotroski F-Score of 3 is 40% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Media - Diversified industry median Piotroski F-Score is 5.00. Crayons Advertising's value of 3 is 40% below this industry median. Based on the distribution chart, Crayons Advertising ranks #806 out of 1009 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Crayons Advertising has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Crayons Advertising's Piotroski F-Score compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Crayons Advertising ranks #806 out of 1009 companies for Piotroski F-Score. This places Crayons Advertising in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Crayons Advertising's value of 3 is 40% below this benchmark. Historically, Crayons Advertising's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Crayons Advertising 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 Media - Diversified company?
The median Piotroski F-Score among Media - Diversified companies is 5.00, based on 1,009 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. Crayons Advertising's current Piotroski F-Score of 3 is 40% 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 Crayons Advertising and its competitors. For the Media - Diversified 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. Crayons Advertising's current Piotroski F-Score is 3, which is 40% below 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 Crayons Advertising stock overvalued right now?
Based on GuruFocus' analysis, Crayons Advertising (NSE:CRAYONS) is currently considered Possible Value Trap. The stock's GF Value™ is ₹140.30, compared to a current price of ₹27.50 — trading 80.4% below its estimated fair value. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 40% below the Media - Diversified industry median of 5.00. Crayons Advertising's overall GF Score™ is 72/100 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 Crayons Advertising (NSE:CRAYONS), the current Piotroski F-Score is 3 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 Crayons Advertising (NSE:CRAYONS) Overvalued in 2026?

Based on GuruFocus' analysis, Crayons Advertising stock appears to be undervalued. The current stock price of ₹27.50 is trading 80.4% below its estimated GF Value™ of ₹140.30. GuruFocus considers Crayons Advertising to be Possible Value Trap.

Key valuation signals for NSE:CRAYONS:

  • Piotroski F-Score: 3 (40% below median its 10-year median of 5.00)
  • GF Value™: ₹140.30 vs. price of ₹27.50 (80.4% below fair value)
  • GF Score™: 72/100 with 6 warning signs
  • Industry Position: 40% below the Media - Diversified median (#806 of 1009)

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


Crayons Advertising Business Description

Address Maa Anandmayee Marg, NSIC Complex, Phase- III, Okhla Industrial Estate, New Delhi, IND, 110020
Crayons Advertising Ltd is an Integrated marketing and communications agency. The company is expanding its business horizons with the moving trends across the world, reflecting its growing expertise in the marketing, branding, and advertising industry. The company provides Television advertising, Print Advertising, Radio Advertising, Internet/Online Advertising, Mobile Advertising, and Outdoor Advertising. The company's business activity mainly falls within a single business segment, i.e., advertising and marketing Services. The company operates only in one geographical segment i.e., domestic.
72GF Score

Get the complete analysis for NSE:CRAYONS

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

₹27.50
Price
₹140.30
GF Value