Piotroski 8/9: TCS, ITC, SBI Pass Quality at Low P/E

Eight NSE-listed companies carry a Piotroski F-Score of 8/9 alongside undemanding earnings multiples as of Oct. 23, 2026, FairStock data showed. The screen includes IT, consumer and banking names. [TCS](/stock/TCS) (NSE: TCS) trades at 17.15 times earnings with a 47.7% return on equity. [ITC](/stock/ITC) (NSE: ITC) has a 17.57 P/E and 49.8% ROE. [State Bank of India](/stock/SBIN) (NSE: SBIN) shows an 11.42 P/E with 15.2% ROE. That mix is rare for large-cap India. The Piotroski F-Score tracks nine accounting and cash-flow signals. A score of 8/9 means a company passes all but one test. It doesn't guarantee forward returns. But when it lines up with low multiples, the screen acts as a quality-at-a-price filter. Piotroski 8/9 screen: what the data shows The full list also includes [HDFC Bank](/stock/HDFCBANK), [Infosys](/stock/INFY), [Kotak Mahindra Bank](/stock/KOTAKBANK), [Axis Bank](/stock/AXISBANK) and [NTPC](/stock/NTPC). FairStock's screen data did not provide identical valuation metrics for all eight. The three highlighted names show the strongest combination of high profitability and low P/E. According to FairStock's F-Score model, the eight stocks pass on operating efficiency, borrowing levels, liquidity and earnings quality. The screen relies on annual and trailing data. That means it won't catch intra-quarter shifts quickly. It does, however, show which large caps have the cleanest accounting trends. Sector impact: banks and IT dominate the list The screen leans toward banks and IT services. That matters because the two sectors face different macro pressures. IT services companies such as [TCS](/stock/TCS) and [Infosys](/stock/INFY) are sensitive to U.S. enterprise spending. A 17.15 P/E for TCS is below its five-year average, which used to sit above 20. The 47.7% ROE supports the idea that the IT leader remains profitable even as revenue growth slows. Banks in the screen include [HDFC Bank](/stock/HDFCBANK), [State Bank of India](/stock/SBIN), [Kotak...