AAMI (Acadian Asset Management) Piotroski F-Score: 4 (As of Jun. 25, 2026) — 33% Below Median


AAMI Acadian Asset Management Inc AAMI
85 GF Score
Price $71.44
GF Value $41.08
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Acadian Asset Management Piotroski F-Score?

Acadian Asset Management AAMI +1.50% 85 Piotroski F-Score is 4 as of Jun. 25, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates AAMI with a GF Score™ of 85/100 and a GF Value™ of $41.08 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,601 Asset Management companies, Acadian Asset Management ranks worse than 56.65% 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

Acadian Asset Management 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 Acadian Asset Management's Piotroski F-Score or its related term are showing as below:

AAMI' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Acadian Asset Management was 8. The lowest was 3. And the median was 6.

Acadian Asset Management  (NYSE:AAMI) 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.


Acadian Asset Management Piotroski F-Score Related Terms


Acadian Asset Management Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Acadian Asset Management'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.

Acadian Asset Management Piotroski F-Score Chart

Acadian Asset Management Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 6.00 7.00 6.00 3.00

Acadian Asset Management 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 8.00 7.00 5.00 3.00 4.00

AAMI vs GDV, PTY, APAM: Piotroski F-Score Comparison

For the Asset Management subindustry, Acadian Asset Management'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.


Acadian Asset Management Piotroski F-Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Acadian Asset Management's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Acadian Asset Management's Piotroski F-Score falls into.


AAMI
85GF Score
Acadian Asset Management Inc AAMI
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 10.1 + 15.1 + 34.7 + 24.3 = $84.2 Mil.
Cash Flow from Operations was 61.6 + -23.9 + 8.7 + -44.9 = $1.5 Mil.
Revenue was 127.4 + 144.2 + 172.2 + 167 = $610.8 Mil.
Gross Profit was 42.2 + 54.2 + 85.9 + 70.4 = $252.7 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(677.3 + 672.3 + 751.4 + 677 + 715.4) / 5 = $698.68 Mil.
Total Assets at the begining of this year (Mar25) was $677.3 Mil.
Long-Term Debt & Capital Lease Obligation was $59.5 Mil.
Total Current Assets was $340.1 Mil.
Total Current Liabilities was $356.5 Mil.
Net Income was 11 + 16.9 + 42.5 + 20.1 = $90.5 Mil.

Revenue was 109 + 123.1 + 167.8 + 119.9 = $519.8 Mil.
Gross Profit was 46.7 + 53.3 + 91.7 + 58.4 = $250.1 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(544.9 + 533.1 + 555.2 + 703.2 + 677.3) / 5 = $602.74 Mil.
Total Assets at the begining of last year (Mar24) was $544.9 Mil.
Long-Term Debt & Capital Lease Obligation was $339.9 Mil.
Total Current Assets was $255.2 Mil.
Total Current Liabilities was $113.3 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.

Acadian Asset Management's current Net Income (TTM) was 84.2. ==> 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.

Acadian Asset Management's current Cash Flow from Operations (TTM) was 1.5. ==> 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)
=84.2/677.3
=0.12431714

ROA (Last Year)=Net Income/Total Assets (Mar24)
=90.5/544.9
=0.16608552

Acadian Asset Management's return on assets of this year was 0.12431714. Acadian Asset Management's return on assets of last year was 0.16608552. ==> 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.

Acadian Asset Management's current Net Income (TTM) was 84.2. Acadian Asset Management's current Cash Flow from Operations (TTM) was 1.5. ==> 1.5 <= 84.2 ==> CFROA <= ROA ==> Score 0.

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
=59.5/698.68
=0.08516059

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=339.9/602.74
=0.56392474

Acadian Asset Management's gearing of this year was 0.08516059. Acadian Asset Management's gearing of last year was 0.56392474. ==> 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
=340.1/356.5
=0.95399719

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=255.2/113.3
=2.25242718

Acadian Asset Management's current ratio of this year was 0.95399719. Acadian Asset Management's current ratio of last year was 2.25242718. ==> 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.

Acadian Asset Management's number of shares in issue this year was 35.756. Acadian Asset Management's number of shares in issue last year was 37.381. ==> 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
=252.7/610.8
=0.41371971

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=250.1/519.8
=0.48114659

Acadian Asset Management's gross margin of this year was 0.41371971. Acadian Asset Management's gross margin of last year was 0.48114659. ==> 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)
=610.8/677.3
=0.90181603

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=519.8/544.9
=0.9539365

Acadian Asset Management's asset turnover of this year was 0.90181603. Acadian Asset Management's asset turnover of last year was 0.9539365. ==> 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+0+1+0+1+0+0
=4

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

Acadian Asset Management has an F-score of 4 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 4 mean?
Acadian Asset Management (AAMI) has a Piotroski F-Score of 4 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Acadian Asset Management and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Acadian Asset Management's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Acadian Asset Management ranks #907 out of 1601 companies in the Asset Management industry, placing it in the top 56.7%.
Is Acadian Asset Management's Piotroski F-Score too high?
Acadian Asset Management's current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Asset Management industry median Piotroski F-Score is 5.00. Acadian Asset Management's value of 4 is 20% below this industry median. Based on the distribution chart, Acadian Asset Management ranks #907 out of 1601 companies in the Asset Management industry, which is below the industry midpoint. Overall, Acadian Asset Management has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Acadian Asset Management's Piotroski F-Score compare to GDV and PTY?
According to the Asset Management industry distribution chart, Acadian Asset Management ranks #907 out of 1601 companies for Piotroski F-Score. This places Acadian Asset Management in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Acadian Asset Management's value of 4 is 20% below this benchmark. Historically, Acadian Asset Management's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Acadian Asset Management 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 an Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,601 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. Acadian Asset Management'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 Acadian Asset Management and its competitors. For the Asset Management 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. Acadian Asset Management's current Piotroski F-Score is 4, which is 33% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Acadian Asset Management stock overvalued right now?
Based on GuruFocus' analysis, Acadian Asset Management (AAMI) is currently considered Significantly Overvalued. The stock's GF Value™ is $41.08, compared to a current price of $71.44 — trading 73.9% above its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Asset Management industry median of 5.00. Acadian Asset Management's overall GF Score™ is 85/100 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 Acadian Asset Management (AAMI), the current Piotroski F-Score is 4 as of Jun. 25, 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 Acadian Asset Management (AAMI) Overvalued in 2026?

Based on GuruFocus' analysis, Acadian Asset Management stock appears to be overvalued. The current stock price of $71.44 is trading 73.9% above its estimated GF Value™ of $41.08. GuruFocus considers Acadian Asset Management to be Significantly Overvalued.

Key valuation signals for AAMI:

  • Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
  • GF Value™: $41.08 vs. price of $71.44 (73.9% above fair value)
  • GF Score™: 85/100 with 4 warning signs
  • Industry Position: 20% below the Asset Management median (#907 of 1601)

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


Acadian Asset Management Business Description

Other Exchanges 2B9:Germany
Address 200 State Street, 13th Floor, Boston, MA, USA, 02109
Acadian Asset Management Inc is a holding company that operates a systematic investment management business through its subsidiary, that offers institutional investors across the globe access to a diversified array of systematic investment strategies designed to meet a range of risk and return objectives.
85GF Score

Get the complete analysis for AAMI

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

$71.44
Price
$41.08
GF Value