AVADA GroupASX:AVD -16.67% Piotroski F-Score is 3 as of Jun. 24, 2026, which is 40% below its 10-year median of 5.00. The stock has 6 warning signs investors should review. Among 1,734 Construction companies, AVADA Group ranks worse than 81.89% on this metric.
Warning Sign:
Piotroski F-Score of 3 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
AVADA Group has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for AVADA Group's Piotroski F-Score or its related term are showing as below:
ASX:AVD'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 7
Current: 3
During the past 5 years, the highest Piotroski F-Score of AVADA Group was 7. The lowest was 3. And the median was 5.
AVADA Group (ASX:AVD) 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.
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.
AVADA Group Piotroski F-Score Related Terms
AVADA Group Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for AVADA Group'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.
AVADA Group Piotroski F-Score Competitor Comparison
For the Infrastructure Operations subindustry, AVADA Group'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.
AVADA Group Piotroski F-Score vs Construction Industry
For the Construction industry and Industrials sector, AVADA Group's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where AVADA Group'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.
*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.
AVADA Group's current Net Income (TTM) was -15.6.
==> 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.
AVADA Group's return on assets of this year was -0.11826396. AVADA Group's return on assets of last year was 0.01159116.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
AVADA Group's gearing of this year was 0.27238416. AVADA Group's gearing of last year was 0.32296856.
==> 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
AVADA Group's current ratio of this year was 1.14993106. AVADA Group's current ratio of last year was 1.3332004.
==> 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.
AVADA Group's number of shares in issue this year was 84.935. AVADA Group's number of shares in issue last year was 82.8.
==> 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.
AVADA Group's gross margin of this year was 0.87017668. AVADA Group's gross margin of last year was 0.88790292.
==> 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
AVADA Group's asset turnover of this year was 1.39143684. AVADA Group's asset turnover of last year was 1.56904064.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
AVADA Group has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
AVADA Group (ASX:AVD) has a Piotroski F-Score of 3 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on AVADA Group and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, AVADA Group's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, AVADA Group ranks #1420 out of 1734 companies in the Construction industry, placing it in the top 81.9%.
Is AVADA Group's Piotroski F-Score too high?
AVADA Group's current Piotroski F-Score of 3 is 40% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Construction industry median Piotroski F-Score is 5.00. AVADA Group's value of 3 is 40% below this industry median. Based on the distribution chart, AVADA Group ranks #1420 out of 1734 companies in the Construction industry, which is in the bottom quartile relative to peers.
How does AVADA Group's Piotroski F-Score compare to competitors?
According to the Construction industry distribution chart, AVADA Group ranks #1420 out of 1734 companies for Piotroski F-Score. This places AVADA Group in the lower half of its industry. The industry median Piotroski F-Score is 5.00. AVADA Group's value of 3 is 40% below this benchmark. Historically, AVADA Group's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, AVADA Group 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,734 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. AVADA Group's current Piotroski F-Score of 3 is 40% 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 AVADA Group and its competitors. For the Construction 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. AVADA Group's current Piotroski F-Score is 3, which is 40% 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 AVADA Group stock overvalued right now?
Based on GuruFocus' analysis, AVADA Group (ASX:AVD) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.58, compared to a current price of A$0.10 — trading 82.8% below its estimated fair value. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 40% below the Construction industry median of 5.00. 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 AVADA Group (ASX:AVD), the current Piotroski F-Score is 3 as of Jun. 24, 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.
AVADA Group Ltd is an Australian traffic management operator and ancillary service provider with an established network throughout Queensland and New South Wales. The group has four reportable segments: Queensland Traffic Management, New South Wales Traffic Management, Victoria Traffic Management and New Zealand Traffic Management. Queensland Traffic Management is the key revenue generator for the group. It provides services to government clients and contractors in the civil infrastructure and maintenance sector.
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