Insignia FinancialASX:IFL 35 Piotroski F-Score is 6 as of Jun. 25, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates ASX:IFL with a GF Score™ of 35/100 and a GF Value™ of A$2.12. The stock has 9 warning signs investors should review. Among 1,601 Asset Management companies, Insignia Financial ranks better than 82.82% 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
Insignia Financial has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Insignia Financial's Piotroski F-Score or its related term are showing as below:
ASX:IFL'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 6
Current: 6
During the past 13 years, the highest Piotroski F-Score of Insignia Financial was 6. The lowest was 3. 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.
Insignia Financial Piotroski F-Score Related Terms
Insignia Financial Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Insignia Financial'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.
ASX:IFL vs BLK, BX, KKR: Piotroski F-Score Comparison
For the Asset Management subindustry, Insignia Financial'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.
Insignia Financial Piotroski F-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Insignia Financial's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Insignia Financial'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.
Insignia Financial's current Net Income (TTM) was 16.
==> 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.
Insignia Financial's return on assets of this year was 0.0044863. Insignia Financial's return on assets of last year was -0.03702446.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Insignia Financial's gearing of this year was 0.22076633. Insignia Financial's gearing of last year was 0.20662128.
==> Last year is lower than this year ==> Score 0.
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
Insignia Financial's current ratio of this year was 1.11338733. Insignia Financial's current ratio of last year was 1.42369652.
==> 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.
Insignia Financial's number of shares in issue this year was 668. Insignia Financial's number of shares in issue last year was 664.5.
==> 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.
Insignia Financial's gross margin of this year was 0.91698703. Insignia Financial's gross margin of last year was 0.72339627.
==> 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
Insignia Financial's asset turnover of this year was 0.42764789. Insignia Financial's asset turnover of last year was 0.37252238.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Insignia Financial has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Insignia Financial (ASX:IFL) has a Piotroski F-Score of 6 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Insignia Financial and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Insignia Financial's Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, Insignia Financial ranks #275 out of 1601 companies in the Asset Management industry, placing it in the top 17.2%.
Is Insignia Financial's Piotroski F-Score too high?
Insignia Financial's current Piotroski F-Score of 6 is 20% above 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 6.00. The Asset Management industry median Piotroski F-Score is 5.00. Insignia Financial's value of 6 is 20% above this industry median. Based on the distribution chart, Insignia Financial ranks #275 out of 1601 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Insignia Financial has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Insignia Financial's Piotroski F-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Insignia Financial ranks #275 out of 1601 companies for Piotroski F-Score. This places Insignia Financial in the top 17% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Insignia Financial's value of 6 is 20% above this benchmark. Historically, Insignia Financial's own Piotroski F-Score has ranged from 3.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Insignia Financial 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 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. Insignia Financial's current Piotroski F-Score of 6 is 20% 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 Insignia Financial 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. Insignia Financial's current Piotroski F-Score is 6, which is 20% 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 Insignia Financial stock overvalued right now?
Insignia Financial (ASX:IFL) has a current Piotroski F-Score of 6. The stock's GF Value™ is A$2.12, compared to a current price of A$4.79 — trading 125.9% above its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Asset Management industry median of 5.00. Insignia Financial's overall GF Score™ is 35/100 with 9 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 Insignia Financial (ASX:IFL), the current Piotroski F-Score is 6 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 Insignia Financial (ASX:IFL) Overvalued in 2026?
Based on GuruFocus' analysis, Insignia Financial stock appears to be overvalued.
The current stock price of A$4.79 is trading 125.9% above its estimated GF Value™ of A$2.12.
Key valuation signals for ASX:IFL:
Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
GF Value™: A$2.12 vs. price of A$4.79 (125.9% above fair value)
Industry Position: 20% above the Asset Management median (#275 of 1601)
No single metric tells the full story. See the ASX:IFL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Insignia Financial (formerly IOOF) provides wealth-management advice and products via a multibranded strategy, and a vertically integrated business model. Insignia's advice business provides financial planning services to both the mass affluent and high-net-worth clients. It also services non-Insignia advisors, providing compliance and other administrative services. Furthermore, Insignia offers platform products, which generates fees mainly from superannuation and non-superannuation investments accessed via its own platforms. It also derives revenue via some third-party platforms sourced from its aligned advisors. Lastly, the firm has an investment management segment.
35GF Score
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