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Nxt-Infra TrustNSE:NXT-INFRA 6 Piotroski F-Score is 5 as of Sep. 07, 2026, which is at its 10-year median of 5.00. GuruFocus rates NSE:NXT-INFRA with a GF Score™ of 6/100. The stock has 10 warning signs investors should review. Among 870 REITs companies, Nxt-Infra Trust ranks worse than 53.1% 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
Nxt-Infra Trust has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Nxt-Infra Trust's Piotroski F-Score or its related term are showing as below:
NSE:NXT-INFRA'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 8
Current: 5
During the past 5 years, the highest Piotroski F-Score of Nxt-Infra Trust was 8. The lowest was 3. And the median was 5.
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.
Nxt-Infra Trust Piotroski F-Score Related Terms
Nxt-Infra Trust Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Nxt-Infra Trust'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:NXT-INFRA vs EQIX, AMT, DLR: Piotroski F-Score Comparison
For the REIT - Specialty subindustry, Nxt-Infra Trust'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.
Nxt-Infra Trust Piotroski F-Score vs REITs Industry
For the REITs industry and Real Estate sector, Nxt-Infra Trust's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Nxt-Infra Trust'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.
Nxt-Infra Trust's current Net Income (TTM) was 1,008.
==> 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.
Nxt-Infra Trust's return on assets of this year was 0.01642107. Nxt-Infra Trust's return on assets of last year was 0.05549439.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Nxt-Infra Trust's gearing of this year was 0.48920184. Nxt-Infra Trust's gearing of last year was 0.63194138.
==> 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
Nxt-Infra Trust's current ratio of this year was 4.08341692. Nxt-Infra Trust's current ratio of last year was 5.76098572.
==> 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.
Nxt-Infra Trust's number of shares in issue this year was 285. Nxt-Infra Trust's number of shares in issue last year was 215.507.
==> 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.
Nxt-Infra Trust's gross margin of this year was 0.08836919. Nxt-Infra Trust's gross margin of last year was 0.08280478.
==> 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
Nxt-Infra Trust's asset turnover of this year was 0.01513191. Nxt-Infra Trust's asset turnover of last year was 0.02617774.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Nxt-Infra Trust has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Nxt-Infra Trust (NSE:NXT-INFRA) has a Piotroski F-Score of 5 as of Sep. 07, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Nxt-Infra Trust and its competitors. This is near median its historical median of 5.00. Over the past decade, Nxt-Infra Trust's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Nxt-Infra Trust ranks #462 out of 870 companies in the REITs industry, placing it in the top 53.1%.
Is Nxt-Infra Trust's Piotroski F-Score too high?
Nxt-Infra Trust's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The REITs industry median Piotroski F-Score is 6.00. Nxt-Infra Trust's value of 5 is 16.7% below this industry median. Based on the distribution chart, Nxt-Infra Trust ranks #462 out of 870 companies in the REITs industry, which is below the industry midpoint. Overall, Nxt-Infra Trust has a GF Score™ of 6/100, reflecting its overall financial health beyond just this single metric.
How does Nxt-Infra Trust's Piotroski F-Score compare to EQIX and AMT?
According to the REITs industry distribution chart, Nxt-Infra Trust ranks #462 out of 870 companies for Piotroski F-Score. This places Nxt-Infra Trust in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Nxt-Infra Trust's value of 5 is 16.7% below this benchmark. Historically, Nxt-Infra Trust's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Nxt-Infra Trust 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 REITs company?
The median Piotroski F-Score among REITs companies is 6.00, based on 870 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. Nxt-Infra Trust's current Piotroski F-Score of 5 is 16.7% 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 Nxt-Infra Trust and its competitors. For the REITs 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. Nxt-Infra Trust's current Piotroski F-Score is 5, which is near median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nxt-Infra Trust stock overvalued right now?
Nxt-Infra Trust (NSE:NXT-INFRA) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 16.7% below the REITs industry median of 6.00. Nxt-Infra Trust's overall GF Score™ is 6/100 with 10 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 Nxt-Infra Trust (NSE:NXT-INFRA), the current Piotroski F-Score is 5 as of Sep. 07, 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.
Nxt-Infra Trust is an Indian infrastructure investment trust that proposes to invest in road infrastructure assets in India. The portfolio comprises six Special Purpose Vehicles (SPVs) with 14 highway corridors, covering over 2,000 lane kilometres. These assets are located across Delhi, Haryana, Uttarakhand, Uttar Pradesh, and Maharashtra. The portfolio includes a mix of toll and annuity assets.
6GF Score
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