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Freshara Agro ExportsNSE:FRESHARA +1.58%19 Piotroski F-Score is 2 as of Sep. 22, 2026, which is 50% below its 10-year median of 4.00. GuruFocus rates NSE:FRESHARA with a GF Score™ of 19/100. The stock has 7 warning signs investors should review. Among 1,945 Consumer Packaged Goods companies, Freshara Agro Exports ranks worse than 94.29% on this metric.
Warning Sign:
Piotroski F-Score of 2 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
Freshara Agro Exports has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Freshara Agro Exports's Piotroski F-Score or its related term are showing as below:
NSE:FRESHARA'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 7
Current: 2
During the past 5 years, the highest Piotroski F-Score of Freshara Agro Exports was 7. The lowest was 2. And the median was 4.
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.
Freshara Agro Exports Piotroski F-Score Related Terms
Freshara Agro Exports Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Freshara Agro Exports'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.
Freshara Agro Exports Piotroski F-Score Chart
Freshara Agro Exports Annual Data
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Freshara Agro Exports Semi-Annual Data
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NSE:FRESHARA vs KHC, GIS: Piotroski F-Score Comparison
For the Packaged Foods subindustry, Freshara Agro Exports'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.
Freshara Agro Exports Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Freshara Agro Exports's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Freshara Agro Exports'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.
Freshara Agro Exports's current Net Income (TTM) was 375.
==> 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.
Freshara Agro Exports's return on assets of this year was 0.15045649. Freshara Agro Exports's return on assets of last year was 0.17282344.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Freshara Agro Exports's gearing of this year was 0.10021465. Freshara Agro Exports's gearing of last year was 0.03778703.
==> 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
Freshara Agro Exports's current ratio of this year was 1.49511052. Freshara Agro Exports's current ratio of last year was 1.76181698.
==> 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.
Freshara Agro Exports's number of shares in issue this year was 23.499. Freshara Agro Exports's number of shares in issue last year was 19.708.
==> 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.
Freshara Agro Exports's gross margin of this year was 0.18224821. Freshara Agro Exports's gross margin of last year was 0.17240774.
==> 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
Freshara Agro Exports's asset turnover of this year was 1.37295677. Freshara Agro Exports's asset turnover of last year was 1.50461255.
==> 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
Freshara Agro Exports has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
Freshara Agro Exports (NSE:FRESHARA) has a Piotroski F-Score of 2 as of Sep. 22, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Freshara Agro Exports and its competitors. This is 50% below median its historical median of 4.00. Over the past decade, Freshara Agro Exports' Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Freshara Agro Exports ranks #1834 out of 1945 companies in the Consumer Packaged Goods industry, placing it in the top 94.3%.
Is Freshara Agro Exports' Piotroski F-Score too high?
Freshara Agro Exports' current Piotroski F-Score of 2 is 50% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Freshara Agro Exports' value of 2 is 60% below this industry median. Based on the distribution chart, Freshara Agro Exports ranks #1834 out of 1945 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Freshara Agro Exports has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Freshara Agro Exports' Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Freshara Agro Exports ranks #1834 out of 1945 companies for Piotroski F-Score. This places Freshara Agro Exports in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Freshara Agro Exports' value of 2 is 60% below this benchmark. Historically, Freshara Agro Exports' own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Freshara Agro Exports 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,945 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. Freshara Agro Exports's current Piotroski F-Score of 2 is 60% 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 Freshara Agro Exports and its competitors. For the Consumer Packaged Goods 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. Freshara Agro Exports's current Piotroski F-Score is 2, which is 50% below median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Freshara Agro Exports stock overvalued right now?
Freshara Agro Exports (NSE:FRESHARA) has a current Piotroski F-Score of 2. The current Piotroski F-Score is 2, which is 50% below median its 10-year median of 4.00 and 60% below the Consumer Packaged Goods industry median of 5.00. Freshara Agro Exports' overall GF Score™ is 19/100 with 7 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 Freshara Agro Exports (NSE:FRESHARA), the current Piotroski F-Score is 2 as of Sep. 22, 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.
Freshara Agro Exports Ltd is an Indian agri-processing and export company engaged in the procurement, processing, and export of preserved gherkins and other pickled commodities. It sources raw materials directly from accredited farms and farmers that follow sustainable agricultural practices, then processes and packs the produce at its facilities. Its product range includes pickled gherkins, jalapenos, banderillas, babycorns, chillies, cherry tomatoes, silver skin onions, red bell peppers, and gherkins with tomatoes. The company serves international food buyers, including importers, distributors, and food service and retail customers, with exports accounting for nearly all of its revenue. Its primary markets are overseas, particularly in developed regions such as Europe and North America, where demand for preserved and pickled vegetables is established. Revenue is generated mainly through export sales of processed, shelf-stable pickled products, with procurement and processing costs tied to agricultural cycles and farm-gate sourcing.
19GF Score
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