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Space42ADX:SPACE42 +0.58%90 Piotroski F-Score is 4 as of Aug. 19, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates ADX:SPACE42 with a GF Score™ of 90/100 and a GF Value™ of د.إ2.22 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,727 Software companies, Space42 ranks worse than 59.92% 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
Space42 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 Space42's Piotroski F-Score or its related term are showing as below:
ADX:SPACE42'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 6
Current: 4
During the past 7 years, the highest Piotroski F-Score of Space42 was 6. 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.
Space42 Piotroski F-Score Related Terms
Space42 Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Space42'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.
ADX:SPACE42 vs IBM, ACN, FISV: Piotroski F-Score Comparison
For the Information Technology Services subindustry, Space42'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.
Space42 Piotroski F-Score vs Software Industry
For the Software industry and Technology sector, Space42's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Space42'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.
This Year (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was 0.977 + -444.428 + 17.026 + 50.071 = د.إ-376 Mil. Cash Flow from Operations was 152.996 + 1260.979 + 259.547 + -90.733 = د.إ1,583 Mil. Revenue was 500.18 + 785.992 + 424.376 + 528.678 = د.إ2,239 Mil. Gross Profit was 243.869 + 310.337 + 249.554 + 306.657 = د.إ1,110 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(12960.785 + 12995.927 + 13428.195 + 13295.155 + 13800.752) / 5 = د.إ13296.1628 Mil. Total Assets at the begining of this year (Jun25) was د.إ12,961 Mil. Long-Term Debt & Capital Lease Obligation was د.إ1,736 Mil. Total Current Assets was د.إ5,497 Mil. Total Current Liabilities was د.إ1,421 Mil.
Net Income was 47.419 + 162.302 + 80.222 + 56.913 = د.إ347 Mil.
Revenue was 205.66 + 737.409 + 422.58 + 409.058 = د.إ1,775 Mil. Gross Profit was 63.274 + 355.704 + 240.545 + 238.632 = د.إ898 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(1767.288 + 1884.07 + 14240.754 + 13230.798 + 12960.785) / 5 = د.إ8816.739 Mil. Total Assets at the begining of last year (Jun24) was د.إ1,767 Mil. Long-Term Debt & Capital Lease Obligation was د.إ730 Mil. Total Current Assets was د.إ4,737 Mil. Total Current Liabilities was د.إ1,979 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.
Space42's current Net Income (TTM) was -376.
==> Negative ==> Score 0.
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.
Space42's current ratio of this year was 3.86810245. Space42's current ratio of last year was 2.39383864.
==> 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.
Space42's number of shares in issue this year was 4761.906. Space42's number of shares in issue last year was 4761.906.
==> 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.
Space42's gross margin of this year was 0.49589322. Space42's gross margin of last year was 0.50608636.
==> 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
Space42's asset turnover of this year was 0.17276932. Space42's asset turnover of last year was 1.00419796.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Space42 has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Space42 (ADX:SPACE42) has a Piotroski F-Score of 4 as of Aug. 19, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Space42 and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Space42's Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Space42 ranks #1634 out of 2727 companies in the Software industry, placing it in the top 59.9%.
Is Space42's Piotroski F-Score too high?
Space42's current Piotroski F-Score of 4 is 20% below 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 6.00. The Software industry median Piotroski F-Score is 5.00. Space42's value of 4 is 20% below this industry median. Based on the distribution chart, Space42 ranks #1634 out of 2727 companies in the Software industry, which is below the industry midpoint. Overall, Space42 has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Space42's Piotroski F-Score compare to IBM and ACN?
According to the Software industry distribution chart, Space42 ranks #1634 out of 2727 companies for Piotroski F-Score. This places Space42 in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Space42's value of 4 is 20% below this benchmark. Historically, Space42's own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Space42 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,727 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. Space42'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 Space42 and its competitors. For the Software 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. Space42's current Piotroski F-Score is 4, which is 20% below 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 Space42 stock overvalued right now?
Based on GuruFocus' analysis, Space42 (ADX:SPACE42) is currently considered Modestly Undervalued. The stock's GF Value™ is د.إ2.22, compared to a current price of د.إ1.72 — trading 22.5% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Software industry median of 5.00. Space42's overall GF Score™ is 90/100 with 5 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 Space42 (ADX:SPACE42), the current Piotroski F-Score is 4 as of Aug. 19, 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 Space42 (ADX:SPACE42) Overvalued in 2026?
Based on GuruFocus' analysis, Space42 stock appears to be undervalued.
The current stock price of د.إ1.72 is trading 22.5% below its estimated GF Value™ of د.إ2.22.
GuruFocus considers Space42 to be Modestly Undervalued.
Key valuation signals for ADX:SPACE42:
Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
GF Value™: د.إ2.22 vs. price of د.إ1.72 (22.5% below fair value)
Industry Position: 20% below the Software median (#1634 of 2727)
No single metric tells the full story. See the ADX:SPACE42 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Space42 PLC is a UAE-based AI-powered space tech group that integrates satellite communications, geospatial insights, and artificial intelligence capabilities for customers globally. Its operating segments are: Space Services and Smart Solutions. The majority of the group's revenue is generated by the Space Services segment, which provides secure satellite communication solutions for government and mission-critical applications, reliable mobility and communication solutions, and high-speed data connectivity. The Smart Solutions business provides earth observation, geospatial, and industry-specific solutions using an AI-driven multi-intelligence platform, GIQ. Geographically, the group derives maximum revenue from the UAE, followed by Asia, Africa, Europe, North America, and other regions.
90GF Score
Get the complete analysis for ADX:SPACE42
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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