Euro Panel Products (NSE:EUROBOND) Piotroski F-Score: 5 (As of Sep. 17, 2026) — Near Median

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NSE:EUROBOND Euro Panel Products Ltd NSE:EUROBOND
77 GF Score
Price ₹149.84
GF Value ₹257.23
Valuation Possible Value Trap
! 2 Warning Signs
View Full Analysis

What is Euro Panel Products Piotroski F-Score?

Euro Panel Products NSE:EUROBOND +1.95% 77 Piotroski F-Score is 5 as of Sep. 17, 2026, which is at its 10-year median of 5.00. GuruFocus rates NSE:EUROBOND with a GF Score™ of 77/100 and a GF Value™ of ₹257.23 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 1,751 Construction companies, Euro Panel Products ranks better than 53.97% 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

Euro Panel Products 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 Euro Panel Products's Piotroski F-Score or its related term are showing as below:

NSE:EUROBOND' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 7
Current: 5

During the past 8 years, the highest Piotroski F-Score of Euro Panel Products was 7. The lowest was 1. And the median was 5.

Euro Panel Products  (NSE:EUROBOND) 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.


Euro Panel Products Piotroski F-Score Related Terms


Euro Panel Products Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Euro Panel Products'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.

Euro Panel Products Piotroski F-Score Chart

Euro Panel Products Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial 7.00 4.00 5.00 4.00 6.00

Euro Panel Products Quarterly Data
Jun21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

NSE:EUROBOND vs TT, JCI, CARR: Piotroski F-Score Comparison

For the Building Products & Equipment subindustry, Euro Panel Products'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.


Euro Panel Products Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Euro Panel Products's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Euro Panel Products's Piotroski F-Score falls into.


NSE:EUROBOND
77GF Score
Euro Panel Products Ltd NSE:EUROBOND
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 (Jun26) TTM:Last Year (Jun25) TTM:
Net Income was 66.211 + 56.988 + 85.221 + 47.817 = ₹256 Mil.
Cash Flow from Operations was + + + = ₹0 Mil.
Revenue was 1298.635 + 1274.179 + 1410.863 + 1198.128 = ₹5,182 Mil.
Gross Profit was 279.642 + 271.691 + 282.053 + 237.024 = ₹1,070 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(3101.309 + + 3410.514 + + 3875.575) / 5 = ₹3462.466 Mil.
Total Assets at the begining of this year (Jun25) was ₹3,101 Mil.
Long-Term Debt & Capital Lease Obligation was ₹170 Mil.
Total Current Assets was ₹2,843 Mil.
Total Current Liabilities was ₹2,011 Mil.
Net Income was 79.627 + 77.228 + 107.079 + 57.225 = ₹321 Mil.

Revenue was 2059.366 + 1996.669 + 2235.186 + 1048.358 = ₹7,340 Mil.
Gross Profit was 365.11 + 369.273 + 459.133 + 229.532 = ₹1,423 Mil.
Average Total Assets from the begining of last year (Sep23)
to the end of last year (Jun25) was
(2220.351 + 2524.802 + 2811.201 + 3135.086 + 3101.309) / 5 = ₹2758.5498 Mil.
Total Assets at the begining of last year (Sep23) was ₹2,220 Mil.
Long-Term Debt & Capital Lease Obligation was ₹171 Mil.
Total Current Assets was ₹2,281 Mil.
Total Current Liabilities was ₹1,535 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.

Euro Panel Products's current Net Income (TTM) was 256. ==> 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.

Euro Panel Products'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 (Jun25)
=256.237/3101.309
=0.08262221

ROA (Last Year)=Net Income/Total Assets (Sep23)
=321.159/2220.351
=0.14464335

Euro Panel Products's return on assets of this year was 0.08262221. Euro Panel Products's return on assets of last year was 0.14464335. ==> 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.

Euro Panel Products's current Net Income (TTM) was 256. Euro Panel Products's current Cash Flow from Operations (TTM) was 0. ==> 0 <= 256 ==> 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: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun25 to Jun26
=169.722/3462.466
=0.04901767

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Jun25
=171.354/2758.5498
=0.06211742

Euro Panel Products's gearing of this year was 0.04901767. Euro Panel Products's gearing of last year was 0.06211742. ==> 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: Jun26)=Total Current Assets/Total Current Liabilities
=2843.475/2010.566
=1.41426593

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=2281.338/1534.503
=1.48669504

Euro Panel Products's current ratio of this year was 1.41426593. Euro Panel Products's current ratio of last year was 1.48669504. ==> 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.

Euro Panel Products's number of shares in issue this year was 24.5. Euro Panel Products's number of shares in issue last year was 24.5. ==> 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
=1070.41/5181.805
=0.20657088

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1423.048/7339.579
=0.19388687

Euro Panel Products's gross margin of this year was 0.20657088. Euro Panel Products's gross margin of last year was 0.19388687. ==> 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 (Jun25)
=5181.805/3101.309
=1.67084447

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep23)
=7339.579/2220.351
=3.30559403

Euro Panel Products's asset turnover of this year was 1.67084447. Euro Panel Products's asset turnover of last year was 3.30559403. ==> 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

Euro Panel Products 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 5 mean?
Euro Panel Products (NSE:EUROBOND) has a Piotroski F-Score of 5 as of Sep. 17, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Euro Panel Products and its competitors. This is near median its historical median of 5.00. Over the past decade, Euro Panel Products' Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, Euro Panel Products ranks #806 out of 1751 companies in the Construction industry, placing it in the top 46%.
Is Euro Panel Products' Piotroski F-Score too high?
Euro Panel Products' current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 7.00. The Construction industry median Piotroski F-Score is 5.00. Euro Panel Products' value of 5 is 0% at this industry median. Based on the distribution chart, Euro Panel Products ranks #806 out of 1751 companies in the Construction industry, which is above the industry midpoint. Overall, Euro Panel Products has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Euro Panel Products' Piotroski F-Score compare to TT and JCI?
According to the Construction industry distribution chart, Euro Panel Products ranks #806 out of 1751 companies for Piotroski F-Score. This puts Euro Panel Products in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Euro Panel Products' value of 5 is 0% at this benchmark. Historically, Euro Panel Products' own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Euro Panel Products has consistently been at 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,751 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. Euro Panel Products's current Piotroski F-Score of 5 is 0% at 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 Euro Panel Products and its competitors. For the Construction 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. Euro Panel Products's current Piotroski F-Score is 5, which is near 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 Euro Panel Products stock overvalued right now?
Based on GuruFocus' analysis, Euro Panel Products (NSE:EUROBOND) is currently considered Possible Value Trap. The stock's GF Value™ is ₹257.23, compared to a current price of ₹149.84 — trading 41.7% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Construction industry median of 5.00. Euro Panel Products' overall GF Score™ is 77/100 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 Euro Panel Products (NSE:EUROBOND), the current Piotroski F-Score is 5 as of Sep. 17, 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 Euro Panel Products (NSE:EUROBOND) Overvalued in 2026?

Based on GuruFocus' analysis, Euro Panel Products stock appears to be undervalued. The current stock price of ₹149.84 is trading 41.7% below its estimated GF Value™ of ₹257.23. GuruFocus considers Euro Panel Products to be Possible Value Trap.

Key valuation signals for NSE:EUROBOND:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: ₹257.23 vs. price of ₹149.84 (41.7% below fair value)
  • GF Score™: 77/100 with 2 warning signs
  • Industry Position: 0% at the Construction median (#806 of 1751)

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


Euro Panel Products Business Description

Other Exchanges 544461:India
Address Ramdas Sutrale Road, 702, 7th Floor, Aravalli Business Centre, Borivali (West), Mumbai, MH, IND, 400092
Euro Panel Products Ltd is engaged in the manufacturing and supplying of Aluminium Composite Panels (ACP) in India and globally. ACPs are a kind of panels, which are widely used as an exterior covering of commercial buildings and corporate houses. The company's products also include stone series for the exterior of the building, high-pressure laminates, ACP sign board, Zinc composite panels, and others. Geographically, the company derives a majority of its revenue from the domestic market. The company is operating on single segment which is manufacturing & supplying of Aluminium Composite Panel.
77GF Score

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

₹149.84
Price
₹257.23
GF Value