Titan Co (NSE:TITAN) Piotroski F-Score: 7 (As of Jul. 01, 2026) — 40% Above Median


NSE:TITAN Titan Co Ltd NSE:TITAN
95 GF Score
Price ₹4,404.00
GF Value ₹5,215.37
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Titan Co Piotroski F-Score?

Titan Co NSE:TITAN +2.96% 95 Piotroski F-Score is 7 as of Jul. 01, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates NSE:TITAN with a GF Score™ of 95/100 and a GF Value™ of ₹5,215.37 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,097 Retail - Cyclical companies, Titan Co ranks better than 91.07% 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

Titan Co 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 Titan Co's Piotroski F-Score or its related term are showing as below:

NSE:TITAN' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of Titan Co was 7. The lowest was 3. And the median was 5.

Titan Co  (NSE:TITAN) 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.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

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.


Titan Co Piotroski F-Score Related Terms


Titan Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Titan Co'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.

Titan Co Piotroski F-Score Chart

Titan Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 7.00 3.00 3.00 7.00

Titan Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.00 0.00 0.00 0.00 7.00

NSE:TITAN vs TPR: Piotroski F-Score Comparison

For the Luxury Goods subindustry, Titan Co'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.


Titan Co Piotroski F-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Titan Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Titan Co's Piotroski F-Score falls into.


NSE:TITAN
95GF Score
Titan Co Ltd NSE:TITAN
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* 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.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was ₹50,730 Mil.
Cash Flow from Operations was ₹55,900 Mil.
Revenue was ₹767,970 Mil.
Gross Profit was ₹64,900 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (406470 + 605610) / 2 = ₹506040 Mil.
Total Assets at the begining of this year (Mar25) was ₹406,470 Mil.
Long-Term Debt & Capital Lease Obligation was ₹28,050 Mil.
Total Current Assets was ₹507,810 Mil.
Total Current Liabilities was ₹397,930 Mil.
Net Income was ₹33,370 Mil.

Revenue was ₹571,430 Mil.
Gross Profit was ₹96,870 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (315500 + 406470) / 2 = ₹360985 Mil.
Total Assets at the begining of last year (Mar24) was ₹315,500 Mil.
Long-Term Debt & Capital Lease Obligation was ₹29,130 Mil.
Total Current Assets was ₹344,340 Mil.
Total Current Liabilities was ₹257,930 Mil.

*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.

Titan Co's current Net Income (TTM) was 50,730. ==> 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.

Titan Co's current Cash Flow from Operations (TTM) was 55,900. ==> 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.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=50730/406470
=0.12480626

ROA (Last Year)=Net Income/Total Assets (Mar24)
=33370/315500
=0.10576862

Titan Co's return on assets of this year was 0.12480626. Titan Co's return on assets of last year was 0.10576862. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Titan Co's current Net Income (TTM) was 50,730. Titan Co's current Cash Flow from Operations (TTM) was 55,900. ==> 55,900 > 50,730 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=28050/506040
=0.0554304

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=29130/360985
=0.08069587

Titan Co's gearing of this year was 0.0554304. Titan Co's gearing of last year was 0.08069587. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=507810/397930
=1.27612897

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=344340/257930
=1.33501338

Titan Co's current ratio of this year was 1.27612897. Titan Co's current ratio of last year was 1.33501338. ==> 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.

Titan Co's number of shares in issue this year was 887.043. Titan Co's number of shares in issue last year was 887.264. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=64900/767970
=0.08450851

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=96870/571430
=0.16952208

Titan Co's gross margin of this year was 0.08450851. Titan Co's gross margin of last year was 0.16952208. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=767970/406470
=1.88936453

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=571430/315500
=1.81118859

Titan Co's asset turnover of this year was 1.88936453. Titan Co's asset turnover of last year was 1.81118859. ==> 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+0+1+0+1
=7

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Titan Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Titan Co (NSE:TITAN) has a Piotroski F-Score of 7 as of Jul. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Titan Co and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, Titan Co's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Titan Co ranks #98 out of 1097 companies in the Retail - Cyclical industry, placing it in the top 8.9%.
Is Titan Co's Piotroski F-Score too high?
Titan Co'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 3.00 to a high of 7.00. The Retail - Cyclical industry median Piotroski F-Score is 5.00. Titan Co's value of 7 is 40% above this industry median. Based on the distribution chart, Titan Co ranks #98 out of 1097 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Titan Co has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Titan Co's Piotroski F-Score compare to TPR?
According to the Retail - Cyclical industry distribution chart, Titan Co ranks #98 out of 1097 companies for Piotroski F-Score. This places Titan Co in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Titan Co's value of 7 is 40% above this benchmark. Historically, Titan Co's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Titan Co 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 Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 5.00, based on 1,097 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. Titan Co'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 Titan Co and its competitors. For the Retail - Cyclical 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. Titan Co'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 Titan Co stock overvalued right now?
Based on GuruFocus' analysis, Titan Co (NSE:TITAN) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹5,215.37, compared to a current price of ₹4,404.00 — trading 15.6% below 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 Retail - Cyclical industry median of 5.00. Titan Co's overall GF Score™ is 95/100 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 Titan Co (NSE:TITAN), the current Piotroski F-Score is 7 as of Jul. 01, 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 Titan Co (NSE:TITAN) Overvalued in 2026?

Based on GuruFocus' analysis, Titan Co stock appears to be undervalued. The current stock price of ₹4,404.00 is trading 15.6% below its estimated GF Value™ of ₹5,215.37. GuruFocus considers Titan Co to be Modestly Undervalued.

Key valuation signals for NSE:TITAN:

  • Piotroski F-Score: 7 (40% above median its 10-year median of 5.00)
  • GF Value™: ₹5,215.37 vs. price of ₹4,404.00 (15.6% below fair value)
  • GF Score™: 95/100 with 4 warning signs
  • Industry Position: 40% above the Retail - Cyclical median (#98 of 1097)

No single metric tells the full story. See the NSE:TITAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Titan Co Business Description

Other Exchanges 500114:India
Address Off Hosur Main Road, INTEGRITY No. 193, Electronics City P.O., Veerasandra, Bangalore, KA, IND, 560100
Titan Co Ltd is engaged in the manufacturing and sale of watches, jewellery, eyewear, and other accessories and products. Its operating segments are watches and wearables, jewellery, eyewear, and others. The firm generates a majority of its revenue from jewellery. The company sells its products under various brands such as Fastrack, Skinn, Sonata, Zoop, Nebula, Zoya, Skinn, Tanishq, and others.
95GF Score

Get the complete analysis for NSE:TITAN

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹4,404.00
Price
₹5,215.37
GF Value