Honasa ConsumerNSE:HONASA +2.56%56 Piotroski F-Score is 4 as of Jul. 01, 2026, which is at its 10-year median of 4.00. GuruFocus rates NSE:HONASA with a GF Score™ of 56/100 and a GF Value™ of ₹361.69 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,908 Consumer Packaged Goods companies, Honasa Consumer ranks worse than 67.14% 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
Honasa Consumer 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 Honasa Consumer's Piotroski F-Score or its related term are showing as below:
NSE:HONASA'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 4 Max: 5
Current: 4
During the past 7 years, the highest Piotroski F-Score of Honasa Consumer was 5. The lowest was 3. 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.
Honasa Consumer Piotroski F-Score Related Terms
Honasa Consumer Piotroski F-Score Historical Data
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The historical data trend for Honasa Consumer'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.
NSE:HONASA vs PG, CL, KVUE: Piotroski F-Score Comparison
For the Household & Personal Products subindustry, Honasa Consumer'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.
Honasa Consumer Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Honasa Consumer's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Honasa Consumer'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.
Honasa Consumer's current Net Income (TTM) was 1,999.
==> 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.
Honasa Consumer's return on assets of this year was 0.11169244. Honasa Consumer's return on assets of last year was 0.0445374.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Honasa Consumer's gearing of this year was 0.05216373. Honasa Consumer's gearing of last year was 0.06398986.
==> 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
Honasa Consumer's current ratio of this year was 1.68725983. Honasa Consumer's current ratio of last year was 2.06543978.
==> 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.
Honasa Consumer's number of shares in issue this year was 326.382. Honasa Consumer's number of shares in issue last year was 324.403.
==> 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.
Honasa Consumer's gross margin of this year was 0.70132052. Honasa Consumer's gross margin of last year was 0.7034639.
==> 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
Honasa Consumer's asset turnover of this year was 1.33617669. Honasa Consumer's asset turnover of last year was 1.26647872.
==> 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
Honasa Consumer has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Honasa Consumer (NSE:HONASA) has a Piotroski F-Score of 4 as of Jul. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Honasa Consumer and its competitors. This is near median its historical median of 4.00. Over the past decade, Honasa Consumer's Piotroski F-Score has ranged from 3.00 to 5.00. According to the industry distribution chart, Honasa Consumer ranks #1281 out of 1908 companies in the Consumer Packaged Goods industry, placing it in the top 67.1%.
Is Honasa Consumer's Piotroski F-Score too high?
Honasa Consumer's current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 5.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Honasa Consumer's value of 4 is 20% below this industry median. Based on the distribution chart, Honasa Consumer ranks #1281 out of 1908 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Honasa Consumer has a GF Score™ of 56/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Honasa Consumer's Piotroski F-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Honasa Consumer ranks #1281 out of 1908 companies for Piotroski F-Score. This places Honasa Consumer in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Honasa Consumer's value of 4 is 20% below this benchmark. Historically, Honasa Consumer's own Piotroski F-Score has ranged from 3.00 to 5.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Honasa Consumer 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 1,908 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. Honasa Consumer's current Piotroski F-Score of 4 is 20% 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 Honasa Consumer 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. Honasa Consumer's current Piotroski F-Score is 4, which is near 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 Honasa Consumer stock overvalued right now?
Based on GuruFocus' analysis, Honasa Consumer (NSE:HONASA) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹361.69, compared to a current price of ₹457.90 — trading 26.6% above its estimated fair value. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Consumer Packaged Goods industry median of 5.00. Honasa Consumer's overall GF Score™ is 56/100 with 5 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 Honasa Consumer (NSE:HONASA), the current Piotroski F-Score is 4 as of Jul. 01, 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 Honasa Consumer (NSE:HONASA) Overvalued in 2026?
Based on GuruFocus' analysis, Honasa Consumer stock appears to be overvalued.
The current stock price of ₹457.90 is trading 26.6% above its estimated GF Value™ of ₹361.69.
GuruFocus considers Honasa Consumer to be Modestly Overvalued.
Key valuation signals for NSE:HONASA:
Piotroski F-Score: 4 (near median its 10-year median of 4.00)
GF Value™: ₹361.69 vs. price of ₹457.90 (26.6% above fair value)
Industry Position: 20% below the Consumer Packaged Goods median (#1281 of 1908)
No single metric tells the full story. See the NSE:HONASA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Honasa Consumer Ltd is a digital-first beauty and personal care (BPC) company in India. It trades various beauty and personal care products across baby care, skin care, hair, and other related personal care categories. The products are manufactured through third-party contract manufacturers under the brand name of Mamaearth, The Derma Co, BBlunt, Aqualogica, and Ayuga. Geographically, the company generates a majority of its revenue within India.
56GF Score
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