Total Transport Systems (NSE:TOTAL) Piotroski F-Score: 5 (As of Jun. 28, 2026) — Near Median


NSE:TOTAL Total Transport Systems Ltd NSE:TOTAL
77 GF Score
Price ₹50.34
GF Value ₹79.59
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Total Transport Systems Piotroski F-Score?

Total Transport Systems NSE:TOTAL -0.83% 77 Piotroski F-Score is 5 as of Jun. 28, 2026, which is at its 10-year median of 5.00. GuruFocus rates NSE:TOTAL with a GF Score™ of 77/100 and a GF Value™ of ₹79.59 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 973 Transportation companies, Total Transport Systems ranks worse than 52.72% 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

Total Transport Systems has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Total Transport Systems's Piotroski F-Score or its related term are showing as below:

NSE:TOTAL' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 7
Current: 5

During the past 13 years, the highest Piotroski F-Score of Total Transport Systems was 7. The lowest was 1. And the median was 5.

Total Transport Systems  (NSE:TOTAL) 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.


Total Transport Systems Piotroski F-Score Related Terms


Total Transport Systems Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Total Transport Systems'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.

Total Transport Systems Piotroski F-Score Chart

Total Transport Systems 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 7.00 6.00 1.00 5.00 5.00

Total Transport Systems 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 5.00 0.00 0.00 0.00 5.00

NSE:TOTAL vs FDX, UPS, JBHT: Piotroski F-Score Comparison

For the Integrated Freight & Logistics subindustry, Total Transport Systems'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.


Total Transport Systems Piotroski F-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Total Transport Systems's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Total Transport Systems's Piotroski F-Score falls into.


NSE:TOTAL
77GF Score
Total Transport Systems Ltd NSE:TOTAL
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 ₹78 Mil.
Cash Flow from Operations was ₹210 Mil.
Revenue was ₹6,216 Mil.
Gross Profit was ₹380 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (1729.179 + 1912.653) / 2 = ₹1820.916 Mil.
Total Assets at the begining of this year (Mar25) was ₹1,729 Mil.
Long-Term Debt & Capital Lease Obligation was ₹18 Mil.
Total Current Assets was ₹1,404 Mil.
Total Current Liabilities was ₹909 Mil.
Net Income was ₹89 Mil.

Revenue was ₹6,652 Mil.
Gross Profit was ₹378 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (1573.168 + 1729.179) / 2 = ₹1651.1735 Mil.
Total Assets at the begining of last year (Mar24) was ₹1,573 Mil.
Long-Term Debt & Capital Lease Obligation was ₹24 Mil.
Total Current Assets was ₹1,266 Mil.
Total Current Liabilities was ₹791 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.

Total Transport Systems's current Net Income (TTM) was 78. ==> 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.

Total Transport Systems's current Cash Flow from Operations (TTM) was 210. ==> 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)
=77.95/1729.179
=0.0450792

ROA (Last Year)=Net Income/Total Assets (Mar24)
=89.301/1573.168
=0.05676508

Total Transport Systems's return on assets of this year was 0.0450792. Total Transport Systems's return on assets of last year was 0.05676508. ==> Last year is higher ==> Score 0.

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.

Total Transport Systems's current Net Income (TTM) was 78. Total Transport Systems's current Cash Flow from Operations (TTM) was 210. ==> 210 > 78 ==> 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
=18.313/1820.916
=0.01005703

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=23.704/1651.1735
=0.01435585

Total Transport Systems's gearing of this year was 0.01005703. Total Transport Systems's gearing of last year was 0.01435585. ==> 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
=1404.251/908.716
=1.54531339

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1266.198/791.299
=1.60015114

Total Transport Systems's current ratio of this year was 1.54531339. Total Transport Systems's current ratio of last year was 1.60015114. ==> 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.

Total Transport Systems's number of shares in issue this year was 16.139. Total Transport Systems's number of shares in issue last year was 16.119. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=379.68/6215.853
=0.06108253

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=377.986/6652.448
=0.05681908

Total Transport Systems's gross margin of this year was 0.06108253. Total Transport Systems's gross margin of last year was 0.05681908. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=6215.853/1729.179
=3.59468453

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=6652.448/1573.168
=4.22869522

Total Transport Systems's asset turnover of this year was 3.59468453. Total Transport Systems's asset turnover of last year was 4.22869522. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+1+1+0+0+1+0
=5

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

Total Transport Systems has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 5 mean?
Total Transport Systems (NSE:TOTAL) has a Piotroski F-Score of 5 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Total Transport Systems and its competitors. This is near median its historical median of 5.00. Over the past decade, Total Transport Systems' Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, Total Transport Systems ranks #513 out of 973 companies in the Transportation industry, placing it in the top 52.7%.
Is Total Transport Systems' Piotroski F-Score too high?
Total Transport Systems' current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 7.00. The Transportation industry median Piotroski F-Score is 6.00. Total Transport Systems' value of 5 is 16.7% below this industry median. Based on the distribution chart, Total Transport Systems ranks #513 out of 973 companies in the Transportation industry, which is below the industry midpoint. Overall, Total Transport Systems has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Total Transport Systems' Piotroski F-Score compare to FDX and UPS?
According to the Transportation industry distribution chart, Total Transport Systems ranks #513 out of 973 companies for Piotroski F-Score. This places Total Transport Systems in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Total Transport Systems' value of 5 is 16.7% below this benchmark. Historically, Total Transport Systems' own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Total Transport Systems 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 973 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. Total Transport Systems's current Piotroski F-Score of 5 is 16.7% 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 Total Transport Systems and its competitors. For the Transportation industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Total Transport Systems's current Piotroski F-Score is 5, which is near 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 Total Transport Systems stock overvalued right now?
Based on GuruFocus' analysis, Total Transport Systems (NSE:TOTAL) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹79.59, compared to a current price of ₹50.34 — trading 36.8% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 16.7% below the Transportation industry median of 6.00. Total Transport Systems' overall GF Score™ is 77/100 with 3 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 Total Transport Systems (NSE:TOTAL), the current Piotroski F-Score is 5 as of Jun. 28, 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 Total Transport Systems (NSE:TOTAL) Overvalued in 2026?

Based on GuruFocus' analysis, Total Transport Systems stock appears to be undervalued. The current stock price of ₹50.34 is trading 36.8% below its estimated GF Value™ of ₹79.59. GuruFocus considers Total Transport Systems to be Significantly Undervalued.

Key valuation signals for NSE:TOTAL:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: ₹79.59 vs. price of ₹50.34 (36.8% below fair value)
  • GF Score™: 77/100 with 3 warning signs
  • Industry Position: 16.7% below the Transportation median (#513 of 973)

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


Total Transport Systems Business Description

Address T Square Building, Saki Vihar Road, 7th Floor, Chandivali Junction, Andheri (East), Opposite Chandivali Petrol Pump, Mumbai, MH, IND, 400072
Total Transport Systems Ltd is engaged in the logistics business. The company is engaged in the business of consolidation/deconsolidation of cargo, freight forwarding, logistics, warehousing, and transportation. The company provides various services such as CFS Operations, LCL Services, Project Cargo Movement, Air services, Specialised services, and others. Its segments include Multimodal transport operations and Last mile delivery operations of which key revenue is generated from the Multimodal transport operations segment involving non-vessel owing common carrier operations related to less than container load consolidation and full container load forwarding activities in India and across the globe.
77GF Score

Get the complete analysis for NSE:TOTAL

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

₹50.34
Price
₹79.59
GF Value