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Sahana SystemNSE:SAHANA -0.82%83 Piotroski F-Score is 3 as of Sep. 06, 2026, which is 57% below its 10-year median of 7.00. GuruFocus rates NSE:SAHANA with a GF Score™ of 83/100 and a GF Value™ of ₹4,720.47 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 2,752 Software companies, Sahana System ranks worse than 78.42% on this metric.
Warning Sign:
Piotroski F-Score of 3 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
Sahana System has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Sahana System's Piotroski F-Score or its related term are showing as below:
NSE:SAHANA'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 7 Max: 8
Current: 3
During the past 7 years, the highest Piotroski F-Score of Sahana System was 8. The lowest was 3. And the median was 7.
Sahana System (NSE:SAHANA) 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.
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.
Sahana System Piotroski F-Score Related Terms
Sahana System Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Sahana System'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:SAHANA vs IBM, ACN, CTSH: Piotroski F-Score Comparison
For the Information Technology Services subindustry, Sahana System'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.
Sahana System Piotroski F-Score vs Software Industry
For the Software industry and Technology sector, Sahana System's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Sahana System'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.
Sahana System's current Net Income (TTM) was 679.
==> 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.
Sahana System's return on assets of this year was 0.2735829. Sahana System's return on assets of last year was 0.36924224.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Sahana System's gearing of this year was 0.00280525. Sahana System's gearing of last year was 0.00339989.
==> 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
Sahana System's current ratio of this year was 2.61372452. Sahana System's current ratio of last year was 3.05677903.
==> 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.
Sahana System's number of shares in issue this year was 9.644. Sahana System's number of shares in issue last year was 9.109.
==> 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.
Sahana System's gross margin of this year was 0.34139211. Sahana System's gross margin of last year was 0.40211895.
==> 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
Sahana System's asset turnover of this year was 1.33485179. Sahana System's asset turnover of last year was 1.74339553.
==> 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
Sahana System has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Sahana System (NSE:SAHANA) has a Piotroski F-Score of 3 as of Sep. 06, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sahana System and its competitors. This is 57% below median its historical median of 7.00. Over the past decade, Sahana System's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Sahana System ranks #2158 out of 2752 companies in the Software industry, placing it in the top 78.4%.
Is Sahana System's Piotroski F-Score too high?
Sahana System's current Piotroski F-Score of 3 is 57% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Software industry median Piotroski F-Score is 5.00. Sahana System's value of 3 is 40% below this industry median. Based on the distribution chart, Sahana System ranks #2158 out of 2752 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Sahana System has a GF Score™ of 83/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sahana System's Piotroski F-Score compare to IBM and ACN?
According to the Software industry distribution chart, Sahana System ranks #2158 out of 2752 companies for Piotroski F-Score. This places Sahana System in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Sahana System's value of 3 is 40% below this benchmark. Historically, Sahana System'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 7.00 vs. the industry median of 5.00, Sahana System 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,752 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. Sahana System's current Piotroski F-Score of 3 is 40% 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 Sahana System 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. Sahana System's current Piotroski F-Score is 3, which is 57% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sahana System stock overvalued right now?
Based on GuruFocus' analysis, Sahana System (NSE:SAHANA) is currently considered Possible Value Trap. The stock's GF Value™ is ₹4,720.47, compared to a current price of ₹920.30 — trading 80.5% below its estimated fair value. The current Piotroski F-Score is 3, which is 57% below median its 10-year median of 7.00 and 40% below the Software industry median of 5.00. Sahana System's overall GF Score™ is 83/100 with 6 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 Sahana System (NSE:SAHANA), the current Piotroski F-Score is 3 as of Sep. 06, 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 Sahana System (NSE:SAHANA) Overvalued in 2026?
Based on GuruFocus' analysis, Sahana System stock appears to be undervalued.
The current stock price of ₹920.30 is trading 80.5% below its estimated GF Value™ of ₹4,720.47.
GuruFocus considers Sahana System to be Possible Value Trap.
Key valuation signals for NSE:SAHANA:
Piotroski F-Score: 3 (57% below median its 10-year median of 7.00)
GF Value™: ₹4,720.47 vs. price of ₹920.30 (80.5% below fair value)
Industry Position: 40% below the Software median (#2158 of 2752)
No single metric tells the full story. See the NSE:SAHANA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sahana System Ltd is engaged in the business of offering IT-related services including web app development, mobile application development, AI & ML development, ChatBot development, product prototyping, graphics designing, UI-UX design, SEO & ASO, digital marketing, website & application migration, cyber security and outsourcing of IT services. The company is also engaged in the trading of hardware instruments related to Franking Machines, Computers, LEDs, Laptops, and others. The segments of the company are IT Services and Hardware Trading.
83GF Score
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