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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.
Shigan Quantum TechnologiesNSE:SHIGAN +2.44%62 Piotroski F-Score is 4 as of Jul. 19, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates NSE:SHIGAN with a GF Score™ of 62/100 and a GF Value™ of ₹104.38 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,285 Vehicles & Parts companies, Shigan Quantum Technologies ranks worse than 70.35% 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
Shigan Quantum Technologies has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Shigan Quantum Technologies's Piotroski F-Score or its related term are showing as below:
NSE:SHIGAN'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 6
Current: 4
During the past 8 years, the highest Piotroski F-Score of Shigan Quantum Technologies was 6. 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.
Shigan Quantum Technologies Piotroski F-Score Related Terms
Shigan Quantum Technologies Piotroski F-Score Historical Data
* 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:SHIGAN vs ORLY, AZO: Piotroski F-Score Comparison
For the Auto Parts subindustry, Shigan Quantum Technologies'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.
Shigan Quantum Technologies Piotroski F-Score vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Shigan Quantum Technologies's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Shigan Quantum Technologies'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.
Shigan Quantum Technologies's current Net Income (TTM) was 68.
==> 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.
Shigan Quantum Technologies's current Cash Flow from Operations (TTM) was 84.
==> 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.
Shigan Quantum Technologies's return on assets of this year was 0.03589933. Shigan Quantum Technologies's return on assets of last year was 0.05757911.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Shigan Quantum Technologies's gearing of this year was 0.06953015. Shigan Quantum Technologies's gearing of last year was 0.0447751.
==> Last year is lower than this year ==> Score 0.
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
Shigan Quantum Technologies's current ratio of this year was 1.87518863. Shigan Quantum Technologies's current ratio of last year was 1.82097878.
==> 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.
Shigan Quantum Technologies's number of shares in issue this year was 20.333. Shigan Quantum Technologies's number of shares in issue last year was 18.581.
==> 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.
Shigan Quantum Technologies's gross margin of this year was 0.19618451. Shigan Quantum Technologies's gross margin of last year was 0.20353288.
==> 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
Shigan Quantum Technologies's asset turnover of this year was 1.16155788. Shigan Quantum Technologies's asset turnover of last year was 1.39091266.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Shigan Quantum Technologies has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Shigan Quantum Technologies (NSE:SHIGAN) has a Piotroski F-Score of 4 as of Jul. 19, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Shigan Quantum Technologies and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Shigan Quantum Technologies' Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, Shigan Quantum Technologies ranks #904 out of 1285 companies in the Vehicles & Parts industry, placing it in the top 70.4%.
Is Shigan Quantum Technologies' Piotroski F-Score too high?
Shigan Quantum Technologies' current Piotroski F-Score of 4 is 20% below 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 6.00. The Vehicles & Parts industry median Piotroski F-Score is 5.00. Shigan Quantum Technologies' value of 4 is 20% below this industry median. Based on the distribution chart, Shigan Quantum Technologies ranks #904 out of 1285 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Shigan Quantum Technologies has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shigan Quantum Technologies' Piotroski F-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Shigan Quantum Technologies ranks #904 out of 1285 companies for Piotroski F-Score. This places Shigan Quantum Technologies in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Shigan Quantum Technologies' value of 4 is 20% below this benchmark. Historically, Shigan Quantum Technologies' own Piotroski F-Score has ranged from 3.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Shigan Quantum Technologies 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 Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 5.00, based on 1,285 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. Shigan Quantum Technologies's current Piotroski F-Score of 4 is 20% 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 Shigan Quantum Technologies and its competitors. For the Vehicles & Parts 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. Shigan Quantum Technologies's current Piotroski F-Score is 4, which is 20% below 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 Shigan Quantum Technologies stock overvalued right now?
Based on GuruFocus' analysis, Shigan Quantum Technologies (NSE:SHIGAN) is currently considered Possible Value Trap. The stock's GF Value™ is ₹104.38, compared to a current price of ₹64.95 — trading 37.8% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Vehicles & Parts industry median of 5.00. Shigan Quantum Technologies' overall GF Score™ is 62/100 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 Shigan Quantum Technologies (NSE:SHIGAN), the current Piotroski F-Score is 4 as of Jul. 19, 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 Shigan Quantum Technologies (NSE:SHIGAN) Overvalued in 2026?
Based on GuruFocus' analysis, Shigan Quantum Technologies stock appears to be undervalued.
The current stock price of ₹64.95 is trading 37.8% below its estimated GF Value™ of ₹104.38.
GuruFocus considers Shigan Quantum Technologies to be Possible Value Trap.
Key valuation signals for NSE:SHIGAN:
Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
GF Value™: ₹104.38 vs. price of ₹64.95 (37.8% below fair value)
Industry Position: 20% below the Vehicles & Parts median (#904 of 1285)
No single metric tells the full story. See the NSE:SHIGAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shigan Quantum Technologies Ltd is engaged in the business of designing, developing, and manufacturing a variety of alternate fuel systems components, including compressed natural gas, liquefied natural gas, and hydrogen fuel kit systems for original equipment manufacturer suppliers to the auto industry. The company manufactures alternate fuel systems for heavy-duty vehicles, light-duty vehicles, and off-highway applications. Its product portfolio includes CNG filters, engine control units, fuel rails, injectors, filler valves, and others.
62GF Score
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