IZMO (NSE:IZMO) Piotroski F-Score: 6 (As of Jul. 21, 2026) — Near Median

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NSE:IZMO IZMO Ltd NSE:IZMO
72 GF Score
Price ₹1,103.80
GF Value ₹499.36
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is IZMO Piotroski F-Score?

IZMO NSE:IZMO +2.17% 72 Piotroski F-Score is 6 as of Jul. 21, 2026, which is at its 10-year median of 6.00. GuruFocus rates NSE:IZMO with a GF Score™ of 72/100 and a GF Value™ of ₹499.36 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,740 Software companies, IZMO ranks better than 78.47% 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

IZMO has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for IZMO's Piotroski F-Score or its related term are showing as below:

NSE:IZMO' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of IZMO was 7. The lowest was 5. And the median was 6.

IZMO  (NSE:IZMO) 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.


IZMO Piotroski F-Score Related Terms


IZMO Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for IZMO'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.

IZMO Piotroski F-Score Chart

IZMO Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 6.00 7.00 5.00 6.00

IZMO Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 0.00 0.00 0.00 6.00

NSE:IZMO vs UBER, SHOP, CRM: Piotroski F-Score Comparison

For the Software - Application subindustry, IZMO'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.


IZMO Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, IZMO's Piotroski F-Score distribution charts can be found below:

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


NSE:IZMO
72GF Score
IZMO Ltd NSE:IZMO
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 ₹476 Mil.
Cash Flow from Operations was ₹198 Mil.
Revenue was ₹2,849 Mil.
Gross Profit was ₹1,698 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (4380.522 + 4938.242) / 2 = ₹4659.382 Mil.
Total Assets at the begining of this year (Mar25) was ₹4,381 Mil.
Long-Term Debt & Capital Lease Obligation was ₹53 Mil.
Total Current Assets was ₹1,965 Mil.
Total Current Liabilities was ₹751 Mil.
Net Income was ₹489 Mil.

Revenue was ₹2,246 Mil.
Gross Profit was ₹1,081 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (3636.771 + 4380.522) / 2 = ₹4008.6465 Mil.
Total Assets at the begining of last year (Mar24) was ₹3,637 Mil.
Long-Term Debt & Capital Lease Obligation was ₹57 Mil.
Total Current Assets was ₹1,521 Mil.
Total Current Liabilities was ₹696 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.

IZMO's current Net Income (TTM) was 476. ==> 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.

IZMO's current Cash Flow from Operations (TTM) was 198. ==> Positive ==> Score 1.

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)
=475.616/4380.522
=0.10857519

ROA (Last Year)=Net Income/Total Assets (Mar24)
=488.803/3636.771
=0.13440577

IZMO's return on assets of this year was 0.10857519. IZMO's return on assets of last year was 0.13440577. ==> 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.

IZMO's current Net Income (TTM) was 476. IZMO's current Cash Flow from Operations (TTM) was 198. ==> 198 <= 476 ==> 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
=52.644/4659.382
=0.01129849

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=56.766/4008.6465
=0.01416089

IZMO's gearing of this year was 0.01129849. IZMO's gearing of last year was 0.01416089. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=1964.908/751.4
=2.61499601

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1521.315/695.707
=2.18671797

IZMO's current ratio of this year was 2.61499601. IZMO's current ratio of last year was 2.18671797. ==> This year's current ratio is higher. ==> Score 1.

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.

IZMO's number of shares in issue this year was 14.914. IZMO's number of shares in issue last year was 14.419. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=1698.295/2848.821
=0.5961396

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1080.56/2246.101
=0.48108255

IZMO's gross margin of this year was 0.5961396. IZMO's gross margin of last year was 0.48108255. ==> 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 (Mar25)
=2848.821/4380.522
=0.65033825

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2246.101/3636.771
=0.61760859

IZMO's asset turnover of this year was 0.65033825. IZMO's asset turnover of last year was 0.61760859. ==> 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+1+0+0+1+1+0+1+1
=6

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

IZMO has an F-score of 6 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 6 mean?
IZMO (NSE:IZMO) has a Piotroski F-Score of 6 as of Jul. 21, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on IZMO and its competitors. This is near median its historical median of 6.00. Over the past decade, IZMO's Piotroski F-Score has ranged from 5.00 to 7.00. According to the industry distribution chart, IZMO ranks #590 out of 2740 companies in the Software industry, placing it in the top 21.5%.
Is IZMO's Piotroski F-Score too high?
IZMO's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 7.00. The Software industry median Piotroski F-Score is 5.00. IZMO's value of 6 is 20% above this industry median. Based on the distribution chart, IZMO ranks #590 out of 2740 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, IZMO has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IZMO's Piotroski F-Score compare to UBER and SHOP?
According to the Software industry distribution chart, IZMO ranks #590 out of 2740 companies for Piotroski F-Score. This places IZMO in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. IZMO's value of 6 is 20% above this benchmark. Historically, IZMO's own Piotroski F-Score has ranged from 5.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, IZMO has consistently been above 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,740 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. IZMO's current Piotroski F-Score of 6 is 20% above 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 IZMO and its competitors. For the Software 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. IZMO's current Piotroski F-Score is 6, which is near median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IZMO stock overvalued right now?
Based on GuruFocus' analysis, IZMO (NSE:IZMO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹499.36, compared to a current price of ₹1,103.80 — trading 121% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Software industry median of 5.00. IZMO's overall GF Score™ is 72/100 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 IZMO (NSE:IZMO), the current Piotroski F-Score is 6 as of Jul. 21, 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 IZMO (NSE:IZMO) Overvalued in 2026?

Based on GuruFocus' analysis, IZMO stock appears to be overvalued. The current stock price of ₹1,103.80 is trading 121% above its estimated GF Value™ of ₹499.36. GuruFocus considers IZMO to be Significantly Overvalued.

Key valuation signals for NSE:IZMO:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: ₹499.36 vs. price of ₹1,103.80 (121% above fair value)
  • GF Score™: 72/100 with 5 warning signs
  • Industry Position: 20% above the Software median (#590 of 2740)

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


IZMO Business Description

Other Exchanges 532341:India
Address Bannerghatta Road, Billekahalli Industrial Area, 177/2C, P.O. Box 7620, Bangalore, KA, IND, 560 076
IZMO Ltd is an India-based company engaged in interactive marketing solutions. It offers high-tech automotive e-retailing solutions. Geographically, the reportable segments are Export and Domestic, and the majority of revenue is generated from exports.
72GF Score

Get the complete analysis for NSE:IZMO

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

₹1,103.80
Price
₹499.36
GF Value