Smartworks Coworking SpacesNSE:SMARTWORKS +0.56%5 Piotroski F-Score is 4 as of Jun. 30, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates NSE:SMARTWORKS with a GF Score™ of 5/100. The stock has 4 warning signs investors should review. Among 1,759 Real Estate companies, Smartworks Coworking Spaces ranks worse than 62.02% 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
Smartworks Coworking Spaces 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 Smartworks Coworking Spaces's Piotroski F-Score or its related term are showing as below:
NSE:SMARTWORKS'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 5 Max: 6
Current: 4
During the past 4 years, the highest Piotroski F-Score of Smartworks Coworking Spaces was 6. The lowest was 4. 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.
Smartworks Coworking Spaces Piotroski F-Score Related Terms
Smartworks Coworking Spaces 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:SMARTWORKS vs CBRE, BEKE, JLL: Piotroski F-Score Comparison
For the Real Estate Services subindustry, Smartworks Coworking Spaces'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.
Smartworks Coworking Spaces Piotroski F-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Smartworks Coworking Spaces's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Smartworks Coworking Spaces'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.
Smartworks Coworking Spaces's current Net Income (TTM) was -632.
==> Negative ==> Score 0.
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.
Smartworks Coworking Spaces's current Cash Flow from Operations (TTM) was 9,285.
==> 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.
Smartworks Coworking Spaces's return on assets of this year was -0.01523456. Smartworks Coworking Spaces's return on assets of last year was -0.01116731.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Smartworks Coworking Spaces's gearing of this year was 0.68624966. Smartworks Coworking Spaces's gearing of last year was 0.66567578.
==> 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
Smartworks Coworking Spaces's current ratio of this year was 0.20980798. Smartworks Coworking Spaces's current ratio of last year was 0.27765253.
==> 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.
Smartworks Coworking Spaces's number of shares in issue this year was 114.132. Smartworks Coworking Spaces's number of shares in issue last year was 114.132.
==> 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.
Smartworks Coworking Spaces's gross margin of this year was 0.69722195. Smartworks Coworking Spaces's gross margin of last year was 0.70853233.
==> 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
Smartworks Coworking Spaces's asset turnover of this year was 0.33133064. Smartworks Coworking Spaces's asset turnover of last year was 0.23233783.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Smartworks Coworking Spaces has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Smartworks Coworking Spaces (NSE:SMARTWORKS) has a Piotroski F-Score of 4 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Smartworks Coworking Spaces and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Smartworks Coworking Spaces' Piotroski F-Score has ranged from 4.00 to 6.00. According to the industry distribution chart, Smartworks Coworking Spaces ranks #1091 out of 1759 companies in the Real Estate industry, placing it in the top 62%.
Is Smartworks Coworking Spaces' Piotroski F-Score too high?
Smartworks Coworking Spaces' 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 4.00 to a high of 6.00. The Real Estate industry median Piotroski F-Score is 5.00. Smartworks Coworking Spaces' value of 4 is 20% below this industry median. Based on the distribution chart, Smartworks Coworking Spaces ranks #1091 out of 1759 companies in the Real Estate industry, which is below the industry midpoint. Overall, Smartworks Coworking Spaces has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Smartworks Coworking Spaces' Piotroski F-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Smartworks Coworking Spaces ranks #1091 out of 1759 companies for Piotroski F-Score. This places Smartworks Coworking Spaces in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Smartworks Coworking Spaces' value of 4 is 20% below this benchmark. Historically, Smartworks Coworking Spaces' own Piotroski F-Score has ranged from 4.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Smartworks Coworking Spaces 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,759 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. Smartworks Coworking Spaces'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 Smartworks Coworking Spaces and its competitors. For the Real Estate 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. Smartworks Coworking Spaces'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 Smartworks Coworking Spaces stock overvalued right now?
Smartworks Coworking Spaces (NSE:SMARTWORKS) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Real Estate industry median of 5.00. Smartworks Coworking Spaces' overall GF Score™ is 5/100 with 4 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 Smartworks Coworking Spaces (NSE:SMARTWORKS), the current Piotroski F-Score is 4 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.
Smartworks Coworking Spaces Ltd is an office experience and managed campus platform. It leases and manages approximately SBA of 8.99 million square feet. The company equips its campuses with modern and aesthetically pleasing designs and amenities such as cafeterias, sports zones, smart convenience stores, gymnasiums, and medical centres etc., to provide a collaborative workspace. It focuses on mid-to-large enterprises and has built a growing client base, which includes Indian corporates, MNCs operating in India, and startups. Geographically, the company generates the majority of its revenue from India, and the rest from other regions.
5GF Score
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