ASNCF (A-Sonic Aerospace) Piotroski F-Score: 7 (As of Jun. 25, 2026) — 40% Above Median


ASNCF A-Sonic Aerospace Ltd ASNCF
48 GF Score
Price $0.24
GF Value $0.12
! 4 Warning Signs
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What is A-Sonic Aerospace Piotroski F-Score?

A-Sonic Aerospace ASNCF 48 Piotroski F-Score is 7 as of Jun. 25, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates ASNCF with a GF Score™ of 48/100 and a GF Value™ of $0.12. The stock has 4 warning signs investors should review. Among 980 Transportation companies, A-Sonic Aerospace ranks better than 86.94% 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

A-Sonic Aerospace has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for A-Sonic Aerospace's Piotroski F-Score or its related term are showing as below:

ASNCF' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of A-Sonic Aerospace was 8. The lowest was 4. And the median was 5.

A-Sonic Aerospace  (OTCPK:ASNCF) 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.


A-Sonic Aerospace Piotroski F-Score Related Terms


A-Sonic Aerospace Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for A-Sonic Aerospace'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.

A-Sonic Aerospace Piotroski F-Score Chart

A-Sonic Aerospace 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 5.00 4.00 5.00 5.00 7.00

A-Sonic Aerospace Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 5.00 0.00 7.00

ASNCF vs FDX, UPS, JBHT: Piotroski F-Score Comparison

For the Integrated Freight & Logistics subindustry, A-Sonic Aerospace'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.


A-Sonic Aerospace Piotroski F-Score vs Transportation Industry

For the Transportation industry and Industrials sector, A-Sonic Aerospace's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where A-Sonic Aerospace's Piotroski F-Score falls into.


ASNCF
48GF Score
A-Sonic Aerospace Ltd ASNCF
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was $3.0 Mil.
Cash Flow from Operations was $4.2 Mil.
Revenue was $229.0 Mil.
Gross Profit was $6.5 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (87.998 + 88.63) / 2 = $88.314 Mil.
Total Assets at the begining of this year (Dec24) was $88.0 Mil.
Long-Term Debt & Capital Lease Obligation was $0.7 Mil.
Total Current Assets was $80.2 Mil.
Total Current Liabilities was $36.0 Mil.
Net Income was $2.9 Mil.

Revenue was $275.9 Mil.
Gross Profit was $4.7 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (87.431 + 87.998) / 2 = $87.7145 Mil.
Total Assets at the begining of last year (Dec23) was $87.4 Mil.
Long-Term Debt & Capital Lease Obligation was $0.9 Mil.
Total Current Assets was $81.4 Mil.
Total Current Liabilities was $38.8 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.

A-Sonic Aerospace's current Net Income (TTM) was 3.0. ==> 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.

A-Sonic Aerospace's current Cash Flow from Operations (TTM) was 4.2. ==> 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 (Dec24)
=3.039/87.998
=0.03453488

ROA (Last Year)=Net Income/Total Assets (Dec23)
=2.885/87.431
=0.03299745

A-Sonic Aerospace's return on assets of this year was 0.03453488. A-Sonic Aerospace's return on assets of last year was 0.03299745. ==> 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.

A-Sonic Aerospace's current Net Income (TTM) was 3.0. A-Sonic Aerospace's current Cash Flow from Operations (TTM) was 4.2. ==> 4.2 > 3.0 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=0.664/88.314
=0.00751863

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0.868/87.7145
=0.00989574

A-Sonic Aerospace's gearing of this year was 0.00751863. A-Sonic Aerospace's gearing of last year was 0.00989574. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=80.164/35.955
=2.22956473

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=81.41/38.786
=2.09895323

A-Sonic Aerospace's current ratio of this year was 2.22956473. A-Sonic Aerospace's current ratio of last year was 2.09895323. ==> 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.

A-Sonic Aerospace's number of shares in issue this year was 105.581. A-Sonic Aerospace's number of shares in issue last year was 106.694. ==> 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
=6.479/228.955
=0.02829814

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4.727/275.944
=0.01713029

A-Sonic Aerospace's gross margin of this year was 0.02829814. A-Sonic Aerospace's gross margin of last year was 0.01713029. ==> 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 (Dec24)
=228.955/87.998
=2.6018205

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=275.944/87.431
=3.15613455

A-Sonic Aerospace's asset turnover of this year was 2.6018205. A-Sonic Aerospace's asset turnover of last year was 3.15613455. ==> 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+1+1+1+1+1+1+0
=8

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

A-Sonic Aerospace has an F-score of 8. 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?
A-Sonic Aerospace (ASNCF) has a Piotroski F-Score of 7 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on A-Sonic Aerospace and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, A-Sonic Aerospace's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, A-Sonic Aerospace ranks #128 out of 980 companies in the Transportation industry, placing it in the top 13.1%.
Is A-Sonic Aerospace's Piotroski F-Score too high?
A-Sonic Aerospace'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 4.00 to a high of 8.00. The Transportation industry median Piotroski F-Score is 6.00. A-Sonic Aerospace's value of 7 is 16.7% above this industry median. Based on the distribution chart, A-Sonic Aerospace ranks #128 out of 980 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, A-Sonic Aerospace has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does A-Sonic Aerospace's Piotroski F-Score compare to FDX and UPS?
According to the Transportation industry distribution chart, A-Sonic Aerospace ranks #128 out of 980 companies for Piotroski F-Score. This places A-Sonic Aerospace in the top 13% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. A-Sonic Aerospace's value of 7 is 16.7% above this benchmark. Historically, A-Sonic Aerospace's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, A-Sonic Aerospace 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 980 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. A-Sonic Aerospace's current Piotroski F-Score of 7 is 16.7% 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 A-Sonic Aerospace 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. A-Sonic Aerospace'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 A-Sonic Aerospace stock overvalued right now?
A-Sonic Aerospace (ASNCF) has a current Piotroski F-Score of 7. The stock's GF Value™ is $0.12, compared to a current price of $0.24 — trading 100% above its estimated fair value. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 16.7% above the Transportation industry median of 6.00. A-Sonic Aerospace's overall GF Score™ is 48/100 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 A-Sonic Aerospace (ASNCF), the current Piotroski F-Score is 7 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 A-Sonic Aerospace (ASNCF) Overvalued in 2026?

Based on GuruFocus' analysis, A-Sonic Aerospace stock appears to be overvalued. The current stock price of $0.24 is trading 100% above its estimated GF Value™ of $0.12.

Key valuation signals for ASNCF:

  • Piotroski F-Score: 7 (40% above median its 10-year median of 5.00)
  • GF Value™: $0.12 vs. price of $0.24 (100% above fair value)
  • GF Score™: 48/100 with 4 warning signs
  • Industry Position: 16.7% above the Transportation median (#128 of 980)

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


A-Sonic Aerospace Business Description

Other Exchanges BTJ:Singapore
Address 10 Anson Road, No. 24-07, International Plaza, Singapore, SGP, 079903
A-Sonic Aerospace Ltd is engaged in providing supply chain management services. The company provides domestic multi-modal transportation, warehousing, distribution, customs clearance, and airport ground services. Its business is divided into two segments, namely Aviation, which is engaged in the sale and purchase of aircraft components; and Logistics, which is engaged in providing logistic solutions, including international and domestic multi-modal transportation, warehousing, distribution, customs clearance, and air cargo handling services. The company generates a majority of its revenue from the Logistics segment. Geographically, it derives maximum revenue from the People's Republic of China, followed by Australia, Singapore, the United States of America, and other countries.
48GF Score

Get the complete analysis for ASNCF

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

$0.24
Price
$0.12
GF Value