Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Saj HotelsNSE:SAJHOTELS +4.93%14 Piotroski F-Score is 8 as of Aug. 05, 2026, which is at its 10-year median of 8.00. GuruFocus rates NSE:SAJHOTELS with a GF Score™ of 14/100. The stock has 1 warning sign investors should review. Among 834 Travel & Leisure companies, Saj Hotels ranks better than 96.64% on this metric.
Good Sign:
Piotroski F-Score is 8, 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
Saj Hotels has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Saj Hotels's Piotroski F-Score or its related term are showing as below:
NSE:SAJHOTELS'
s Piotroski F-Score Range Over the Past 10 Years
Min: 6 Med: 8 Max: 8
Current: 8
During the past 5 years, the highest Piotroski F-Score of Saj Hotels was 8. The lowest was 6. And the median was 8.
Saj Hotels (NSE:SAJHOTELS) 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.
Saj Hotels Piotroski F-Score Related Terms
Saj Hotels Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Saj Hotels'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.
Saj Hotels Piotroski F-Score Chart
Saj Hotels Annual Data
Trend
Mar21
Mar22
Mar23
Mar24
Mar25
Piotroski F-Score
N/A
N/A
6.00
8.00
8.00
Saj Hotels Semi-Annual Data
Mar21
Mar22
Mar23
Mar24
Mar25
Piotroski F-Score
N/A
N/A
6.00
8.00
8.00
NSE:SAJHOTELS vs LVS, MGM, WYNN: Piotroski F-Score Comparison
For the Resorts & Casinos subindustry, Saj Hotels'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.
Saj Hotels Piotroski F-Score vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Saj Hotels's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Saj Hotels'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.
Saj Hotels's current Net Income (TTM) was 38.1.
==> 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.
Saj Hotels's return on assets of this year was 0.03883994. Saj Hotels's return on assets of last year was 0.02098149.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Saj Hotels's gearing of this year was 0.00192994. Saj Hotels's gearing of last year was 0.00329425.
==> 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
Saj Hotels's current ratio of this year was 4.34583675. Saj Hotels's current ratio of last year was 0.46919549.
==> 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.
Saj Hotels's number of shares in issue this year was 13.907. Saj Hotels's number of shares in issue last year was 16.125.
==> 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.
Saj Hotels's gross margin of this year was 0.50824224. Saj Hotels's gross margin of last year was 0.54480399.
==> 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
Saj Hotels's asset turnover of this year was 0.11015083. Saj Hotels's asset turnover of last year was 0.09068762.
==> 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
+
1
+
1
+
1
+
1
+
1
+
0
+
1
=
8
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Saj Hotels has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Saj Hotels (NSE:SAJHOTELS) has a Piotroski F-Score of 8 as of Aug. 05, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Saj Hotels and its competitors. This is near median its historical median of 8.00. Over the past decade, Saj Hotels' Piotroski F-Score has ranged from 6.00 to 8.00. According to the industry distribution chart, Saj Hotels ranks #28 out of 834 companies in the Travel & Leisure industry, placing it in the top 3.4%.
Is Saj Hotels' Piotroski F-Score too high?
Saj Hotels' current Piotroski F-Score of 8 is near median its 10-year median of 8.00. Over the past 10 years, this metric has ranged from a low of 6.00 to a high of 8.00. The Travel & Leisure industry median Piotroski F-Score is 5.00. Saj Hotels' value of 8 is 60% above this industry median. Based on the distribution chart, Saj Hotels ranks #28 out of 834 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Saj Hotels has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Saj Hotels' Piotroski F-Score compare to LVS and MGM?
According to the Travel & Leisure industry distribution chart, Saj Hotels ranks #28 out of 834 companies for Piotroski F-Score. This places Saj Hotels in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Saj Hotels' value of 8 is 60% above this benchmark. Historically, Saj Hotels' own Piotroski F-Score has ranged from 6.00 to 8.00 over the past decade. While the company's 10-year median is 8.00 vs. the industry median of 5.00, Saj Hotels 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 Travel & Leisure company?
The median Piotroski F-Score among Travel & Leisure companies is 5.00, based on 834 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. Saj Hotels's current Piotroski F-Score of 8 is 60% 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 Saj Hotels and its competitors. For the Travel & Leisure 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. Saj Hotels's current Piotroski F-Score is 8, which is near median its own 10-year median of 8.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saj Hotels stock overvalued right now?
Saj Hotels (NSE:SAJHOTELS) has a current Piotroski F-Score of 8. The current Piotroski F-Score is 8, which is near median its 10-year median of 8.00 and 60% above the Travel & Leisure industry median of 5.00. Saj Hotels' overall GF Score™ is 14/100 with 1 warning sign 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 Saj Hotels (NSE:SAJHOTELS), the current Piotroski F-Score is 8 as of Aug. 05, 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.
Saj Hotels Ltd is engaged in the Hospitality industry. The company provides a diverse portfolio of Business-to-Business, Business-to-business-to-customer, and Business-to-Customer hospitality offerings, spanning from traditional resort accommodation to villa rentals and restaurant and bar properties. It focuses on providing comprehensive services to guests, including food and beverage options, recreational facilities, and event-hosting capabilities, reflecting a commitment to ensuring a memorable experience for its visitors. It offers various accommodation options across various destinations, each tailored to provide comfort and convenience. Its resorts have well-appointed rooms and suites, complemented by a variety of dining venues including restaurants, bars, and in-room dining services.
14GF Score
Get the complete analysis for NSE:SAJHOTELS
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:SAJHOTELS has been successfully added to your 
