Fino Payments BankNSE:FINOPB -0.65%56 Piotroski F-Score is 1 as of Jun. 30, 2026, which is 67% below its 10-year median of 3.00. GuruFocus rates NSE:FINOPB with a GF Score™ of 56/100 and a GF Value™ of ₹721.38 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,501 Banks companies, Fino Payments Bank ranks worse than 99.13% on this metric.
Warning Sign:
Piotroski F-Score of 1 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
Fino Payments Bank has an F-score of 1. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Fino Payments Bank's Piotroski F-Score or its related term are showing as below:
NSE:FINOPB'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 3 Max: 5
Current: 1
During the past 8 years, the highest Piotroski F-Score of Fino Payments Bank was 5. The lowest was 1. And the median was 3.
Fino Payments Bank (NSE:FINOPB) 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.
Fino Payments Bank Piotroski F-Score Related Terms
Fino Payments Bank Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Fino Payments Bank'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.
For the Banks - Regional subindustry, Fino Payments Bank'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.
Fino Payments Bank Piotroski F-Score vs Banks Industry
For the Banks industry and Financial Services sector, Fino Payments Bank's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Fino Payments Bank'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.
Net Income was 242.7 + 211.5 + 231.1 + 240 = ₹925 Mil.
Revenue was 4129.7 + 4303.6 + 4356.9 + 4675 = ₹17,465 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(34191.124 + 0 + 35264.7 + 0 + 42059.319) / 5 = ₹37171.71433333 Mil. Total Assets at the begining of last year (Mar24) was ₹34,191 Mil. Long-Term Debt & Capital Lease Obligation was ₹8,395 Mil. Total Assets was ₹42,059 Mil. Total Liabilities was ₹34,591 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.
Fino Payments Bank's current Net Income (TTM) was 587.
==> 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.
Fino Payments Bank's return on assets of this year was 0.01394697. Fino Payments Bank's return on assets of last year was 0.02706258.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Fino Payments Bank's gearing of this year was 0.33275436. Fino Payments Bank's gearing of last year was 0.22583225.
==> 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
* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.
Fino Payments Bank's current ratio of this year was 1.17866993. Fino Payments Bank's current ratio of last year was 1.21591924.
==> 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.
Fino Payments Bank's number of shares in issue this year was 83.529. Fino Payments Bank's number of shares in issue last year was 83.333.
==> There is larger number of shares in issue this year. ==> Score 0.
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.
* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.
Fino Payments Bank's net margin of this year was 0.03980646. Fino Payments Bank's net margin of last year was 0.05297964.
==> Last year's net 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
Fino Payments Bank's asset turnover of this year was 0.35036944. Fino Payments Bank's asset turnover of last year was 0.51081093.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Fino Payments Bank has an F-score of 1. It is a bad or low score, which usually implies poor business operation.
Fino Payments Bank (NSE:FINOPB) has a Piotroski F-Score of 1 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Fino Payments Bank and its competitors. This is 67% below median its historical median of 3.00. Over the past decade, Fino Payments Bank's Piotroski F-Score has ranged from 1.00 to 5.00. According to the industry distribution chart, Fino Payments Bank ranks #1488 out of 1501 companies in the Banks industry, placing it in the top 99.1%.
Is Fino Payments Bank's Piotroski F-Score too high?
Fino Payments Bank's current Piotroski F-Score of 1 is 67% below median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 5.00. The Banks industry median Piotroski F-Score is 6.00. Fino Payments Bank's value of 1 is 83.3% below this industry median. Based on the distribution chart, Fino Payments Bank ranks #1488 out of 1501 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Fino Payments Bank has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Fino Payments Bank's Piotroski F-Score compare to PNC?
According to the Banks industry distribution chart, Fino Payments Bank ranks #1488 out of 1501 companies for Piotroski F-Score. This places Fino Payments Bank in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Fino Payments Bank's value of 1 is 83.3% below this benchmark. Historically, Fino Payments Bank's own Piotroski F-Score has ranged from 1.00 to 5.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 6.00, Fino Payments Bank 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 Banks company?
The median Piotroski F-Score among Banks companies is 6.00, based on 1,501 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. Fino Payments Bank's current Piotroski F-Score of 1 is 83.3% 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 Fino Payments Bank and its competitors. For the Banks 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. Fino Payments Bank's current Piotroski F-Score is 1, which is 67% below 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 Fino Payments Bank stock overvalued right now?
Based on GuruFocus' analysis, Fino Payments Bank (NSE:FINOPB) is currently considered Possible Value Trap. The stock's GF Value™ is ₹721.38, compared to a current price of ₹145.64 — trading 79.8% below its estimated fair value. The current Piotroski F-Score is 1, which is 67% below median its 10-year median of 3.00 and 83.3% below the Banks industry median of 6.00. Fino Payments Bank's overall GF Score™ is 56/100 with 3 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 Fino Payments Bank (NSE:FINOPB), the current Piotroski F-Score is 1 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 Fino Payments Bank (NSE:FINOPB) Overvalued in 2026?
Based on GuruFocus' analysis, Fino Payments Bank stock appears to be undervalued.
The current stock price of ₹145.64 is trading 79.8% below its estimated GF Value™ of ₹721.38.
GuruFocus considers Fino Payments Bank to be Possible Value Trap.
Key valuation signals for NSE:FINOPB:
Piotroski F-Score: 1 (67% below median its 10-year median of 3.00)
GF Value™: ₹721.38 vs. price of ₹145.64 (79.8% below fair value)
Industry Position: 83.3% below the Banks median (#1488 of 1501)
No single metric tells the full story. See the NSE:FINOPB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fino Payments Bank Ltd is an Indian payments bank providing various banking and financial services, with a focus on meeting the needs of low-income families, small businesses, and rural communities. It offers various services such as savings and current accounts, money transfers, bill payments, and mobile recharges etc., and has partnered with institutions to provide customized offerings like microinsurance and micro-investments. The company operates in four segments: Treasury, Corporate Banking, Retail Banking, and Other Banking Operations. Its key revenue is derived from the Other Banking Operations segment, which includes Business Correspondent Services, Digital Payment Services, Cash Management Services, Domestic Money Transfer, Micro-ATM, and Aadhaar-enabled Payment System (AePS).
56GF Score
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