Syrma SGS TechnologyNSE:SYRMA +1.11%82 Piotroski F-Score is 7 as of Jun. 29, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates NSE:SYRMA with a GF Score™ of 82/100 and a GF Value™ of ₹925.00 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 2,432 Hardware companies, Syrma SGS Technology ranks better than 91.12% on this metric.
Good Sign:
Piotroski F-Score is 7, 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
Syrma SGS Technology has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Syrma SGS Technology's Piotroski F-Score or its related term are showing as below:
NSE:SYRMA'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 7
Current: 7
During the past 7 years, the highest Piotroski F-Score of Syrma SGS Technology was 7. The lowest was 2. 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.
Syrma SGS Technology Piotroski F-Score Related Terms
Syrma SGS Technology Piotroski F-Score Historical Data
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The historical data trend for Syrma SGS Technology'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:SYRMA vs APH, GLW: Piotroski F-Score Comparison
For the Electronic Components subindustry, Syrma SGS Technology'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.
Syrma SGS Technology Piotroski F-Score vs Hardware Industry
For the Hardware industry and Technology sector, Syrma SGS Technology's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Syrma SGS Technology'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.
Syrma SGS Technology's current Net Income (TTM) was 3,178.
==> 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.
Syrma SGS Technology's return on assets of this year was 0.07557785. Syrma SGS Technology's return on assets of last year was 0.04604266.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Syrma SGS Technology's gearing of this year was 0.01558025. Syrma SGS Technology's gearing of last year was 0.02702526.
==> 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
Syrma SGS Technology's current ratio of this year was 1.70009386. Syrma SGS Technology's current ratio of last year was 1.32861802.
==> 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.
Syrma SGS Technology's number of shares in issue this year was 187.813. Syrma SGS Technology's number of shares in issue last year was 178.436.
==> 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.
Syrma SGS Technology's gross margin of this year was 0.25574578. Syrma SGS Technology's gross margin of last year was 0.22584864.
==> 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
Syrma SGS Technology's asset turnover of this year was 1.14612035. Syrma SGS Technology's asset turnover of last year was 1.02636318.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Syrma SGS Technology has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Syrma SGS Technology (NSE:SYRMA) has a Piotroski F-Score of 7 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Syrma SGS Technology and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, Syrma SGS Technology's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Syrma SGS Technology ranks #216 out of 2432 companies in the Hardware industry, placing it in the top 8.9%.
Is Syrma SGS Technology's Piotroski F-Score too high?
Syrma SGS Technology's current Piotroski F-Score of 7 is 40% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Hardware industry median Piotroski F-Score is 5.00. Syrma SGS Technology's value of 7 is 40% above this industry median. Based on the distribution chart, Syrma SGS Technology ranks #216 out of 2432 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Syrma SGS Technology has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Syrma SGS Technology's Piotroski F-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Syrma SGS Technology ranks #216 out of 2432 companies for Piotroski F-Score. This places Syrma SGS Technology in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Syrma SGS Technology's value of 7 is 40% above this benchmark. Historically, Syrma SGS Technology's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Syrma SGS Technology 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,432 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. Syrma SGS Technology's current Piotroski F-Score of 7 is 40% 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 Syrma SGS Technology and its competitors. For the Hardware 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. Syrma SGS Technology's current Piotroski F-Score is 7, which is 40% above 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 Syrma SGS Technology stock overvalued right now?
Based on GuruFocus' analysis, Syrma SGS Technology (NSE:SYRMA) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹925.00, compared to a current price of ₹1,440.50 — trading 55.7% above its estimated fair value. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 40% above the Hardware industry median of 5.00. Syrma SGS Technology's overall GF Score™ is 82/100 with 9 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 Syrma SGS Technology (NSE:SYRMA), the current Piotroski F-Score is 7 as of Jun. 29, 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 Syrma SGS Technology (NSE:SYRMA) Overvalued in 2026?
Based on GuruFocus' analysis, Syrma SGS Technology stock appears to be overvalued.
The current stock price of ₹1,440.50 is trading 55.7% above its estimated GF Value™ of ₹925.00.
GuruFocus considers Syrma SGS Technology to be Significantly Overvalued.
Key valuation signals for NSE:SYRMA:
Piotroski F-Score: 7 (40% above median its 10-year median of 5.00)
GF Value™: ₹925.00 vs. price of ₹1,440.50 (55.7% above fair value)
Industry Position: 40% above the Hardware median (#216 of 2432)
No single metric tells the full story. See the NSE:SYRMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Syrma SGS Technology Ltd provides Electronic Manufacturing Services. The company is engaged in the business of manufacturing various electronic sub-assemblies, assemblies, and box builds, disk drives, memory modules, power supplies, adapters, fiber optic assemblies, magnetic induction coils, and RFID products, and other electronic products. It serves national and international B2B customers in the industrial, consumer electronics, healthcare, automotive, computer, medical, and railway sectors. Geographically, the majority of the company's revenue is generated within India, followed by the United States of America, and the Rest of the world.
82GF Score
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