Lincoln Pharmaceuticals (NSE:LINCOLN) Piotroski F-Score: 7 (As of Jun. 30, 2026) — 17% Above Median


NSE:LINCOLN Lincoln Pharmaceuticals Ltd NSE:LINCOLN
81 GF Score
Price ₹625.60
GF Value ₹701.36
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Lincoln Pharmaceuticals Piotroski F-Score?

Lincoln Pharmaceuticals NSE:LINCOLN -0.94% 81 Piotroski F-Score is 7 as of Jun. 30, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates NSE:LINCOLN with a GF Score™ of 81/100 and a GF Value™ of ₹701.36 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 978 Drug Manufacturers companies, Lincoln Pharmaceuticals ranks better than 91.82% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Lincoln Pharmaceuticals has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

NSE:LINCOLN' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Lincoln Pharmaceuticals was 8. The lowest was 5. And the median was 6.

Lincoln Pharmaceuticals  (NSE:LINCOLN) 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.


Lincoln Pharmaceuticals Piotroski F-Score Related Terms


Lincoln Pharmaceuticals Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Lincoln Pharmaceuticals'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.

Lincoln Pharmaceuticals Piotroski F-Score Chart

Lincoln Pharmaceuticals 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 6.00 5.00 6.00 5.00 7.00

Lincoln Pharmaceuticals 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 7.00

NSE:LINCOLN vs ZTS, UTHR: Piotroski F-Score Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Lincoln Pharmaceuticals'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.


Lincoln Pharmaceuticals Piotroski F-Score vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Lincoln Pharmaceuticals's Piotroski F-Score distribution charts can be found below:

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


NSE:LINCOLN
81GF Score
Lincoln Pharmaceuticals Ltd NSE:LINCOLN
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 ₹879 Mil.
Cash Flow from Operations was ₹1,064 Mil.
Revenue was ₹6,710 Mil.
Gross Profit was ₹3,599 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (7970.059 + 8904.039) / 2 = ₹8437.049 Mil.
Total Assets at the begining of this year (Mar25) was ₹7,970 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0 Mil.
Total Current Assets was ₹5,831 Mil.
Total Current Liabilities was ₹1,110 Mil.
Net Income was ₹823 Mil.

Revenue was ₹6,232 Mil.
Gross Profit was ₹3,319 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (7002.904 + 7970.059) / 2 = ₹7486.4815 Mil.
Total Assets at the begining of last year (Mar24) was ₹7,003 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0 Mil.
Total Current Assets was ₹4,999 Mil.
Total Current Liabilities was ₹1,062 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.

Lincoln Pharmaceuticals's current Net Income (TTM) was 879. ==> 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.

Lincoln Pharmaceuticals's current Cash Flow from Operations (TTM) was 1,064. ==> 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)
=878.938/7970.059
=0.11027999

ROA (Last Year)=Net Income/Total Assets (Mar24)
=823.464/7002.904
=0.11758893

Lincoln Pharmaceuticals's return on assets of this year was 0.11027999. Lincoln Pharmaceuticals's return on assets of last year was 0.11758893. ==> 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.

Lincoln Pharmaceuticals's current Net Income (TTM) was 879. Lincoln Pharmaceuticals's current Cash Flow from Operations (TTM) was 1,064. ==> 1,064 > 879 ==> CFROA > ROA ==> Score 1.

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
=0/8437.049
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/7486.4815
=0

Lincoln Pharmaceuticals's gearing of this year was 0. Lincoln Pharmaceuticals's gearing of last year was 0. ==> 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
=5830.582/1110.443
=5.25068103

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=4999.392/1062.158
=4.70682516

Lincoln Pharmaceuticals's current ratio of this year was 5.25068103. Lincoln Pharmaceuticals's current ratio of last year was 4.70682516. ==> 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.

Lincoln Pharmaceuticals's number of shares in issue this year was 20.03. Lincoln Pharmaceuticals's number of shares in issue last year was 20.031. ==> 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
=3598.699/6710.299
=0.53629488

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3319.105/6232.301
=0.53256494

Lincoln Pharmaceuticals's gross margin of this year was 0.53629488. Lincoln Pharmaceuticals's gross margin of last year was 0.53256494. ==> 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)
=6710.299/7970.059
=0.84193843

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=6232.301/7002.904
=0.88995951

Lincoln Pharmaceuticals's asset turnover of this year was 0.84193843. Lincoln Pharmaceuticals's asset turnover of last year was 0.88995951. ==> 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+1+0+1+1+1+1+1+0
=7

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

Lincoln Pharmaceuticals has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Lincoln Pharmaceuticals (NSE:LINCOLN) has a Piotroski F-Score of 7 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Lincoln Pharmaceuticals and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Lincoln Pharmaceuticals' Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Lincoln Pharmaceuticals ranks #80 out of 978 companies in the Drug Manufacturers industry, placing it in the top 8.2%.
Is Lincoln Pharmaceuticals' Piotroski F-Score too high?
Lincoln Pharmaceuticals' current Piotroski F-Score of 7 is 17% above 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 8.00. The Drug Manufacturers industry median Piotroski F-Score is 5.00. Lincoln Pharmaceuticals' value of 7 is 40% above this industry median. Based on the distribution chart, Lincoln Pharmaceuticals ranks #80 out of 978 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers. Overall, Lincoln Pharmaceuticals has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lincoln Pharmaceuticals' Piotroski F-Score compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Lincoln Pharmaceuticals ranks #80 out of 978 companies for Piotroski F-Score. This places Lincoln Pharmaceuticals in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Lincoln Pharmaceuticals' value of 7 is 40% above this benchmark. Historically, Lincoln Pharmaceuticals' own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Lincoln Pharmaceuticals 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 Drug Manufacturers company?
The median Piotroski F-Score among Drug Manufacturers companies is 5.00, based on 978 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. Lincoln Pharmaceuticals's current Piotroski F-Score of 7 is 40% 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 Lincoln Pharmaceuticals and its competitors. For the Drug Manufacturers 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. Lincoln Pharmaceuticals's current Piotroski F-Score is 7, which is 17% above 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 Lincoln Pharmaceuticals stock overvalued right now?
Based on GuruFocus' analysis, Lincoln Pharmaceuticals (NSE:LINCOLN) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹701.36, compared to a current price of ₹625.60 — trading 10.8% below its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Drug Manufacturers industry median of 5.00. Lincoln Pharmaceuticals' overall GF Score™ is 81/100 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 Lincoln Pharmaceuticals (NSE:LINCOLN), the current Piotroski F-Score is 7 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 Lincoln Pharmaceuticals (NSE:LINCOLN) Overvalued in 2026?

Based on GuruFocus' analysis, Lincoln Pharmaceuticals stock appears to be undervalued. The current stock price of ₹625.60 is trading 10.8% below its estimated GF Value™ of ₹701.36. GuruFocus considers Lincoln Pharmaceuticals to be Modestly Undervalued.

Key valuation signals for NSE:LINCOLN:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: ₹701.36 vs. price of ₹625.60 (10.8% below fair value)
  • GF Score™: 81/100 with 2 warning signs
  • Industry Position: 40% above the Drug Manufacturers median (#80 of 978)

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


Lincoln Pharmaceuticals Business Description

Other Exchanges 531633:India
Address Science City Road, Lincoln House, Behind Satyam Complex, Sola, Ahmedabad, GJ, IND, 380060
Lincoln Pharmaceuticals Ltd is an India-based company engaged in the business of manufacturing and trading of pharmaceutical products. It offers products in the fields of cardiac, diabetic, anti-malarial, anti-biotic, anti-fungal, cephalosporin, analgesics, anesthetics, anti-pyretic, GIT products, vitamin-minerals, and iron preparations. Some of the key brands through which the company markets its products are; Rhino, Binafin, Kezolin, Hepalin, Progut, and Vomistat among others. Geographically, it carries out sales in India and outside India; generating key revenue from outside India.
81GF Score

Get the complete analysis for NSE:LINCOLN

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

₹625.60
Price
₹701.36
GF Value