Navigator Global InvestmentsASX:NGI -0.78%82 Piotroski F-Score is 5 as of Jun. 26, 2026, which is at its 10-year median of 5.00. GuruFocus rates ASX:NGI with a GF Score™ of 82/100 and a GF Value™ of A$2.00 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,597 Asset Management companies, Navigator Global Investments ranks better than 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
Navigator Global Investments has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Navigator Global Investments's Piotroski F-Score or its related term are showing as below:
ASX:NGI'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 7
Current: 5
During the past 13 years, the highest Piotroski F-Score of Navigator Global Investments was 7. The lowest was 3. And the median was 5.
Navigator Global Investments (ASX:NGI) 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.
Navigator Global Investments Piotroski F-Score Related Terms
Navigator Global Investments Piotroski F-Score Historical Data
* 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.
Navigator Global Investments Piotroski F-Score Chart
ASX:NGI vs BLK, BX, KKR: Piotroski F-Score Comparison
For the Asset Management subindustry, Navigator Global Investments'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.
Navigator Global Investments Piotroski F-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Navigator Global Investments's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Navigator Global Investments'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.
Navigator Global Investments's current Net Income (TTM) was 183.3.
==> 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.
Navigator Global Investments's current Cash Flow from Operations (TTM) was 154.0.
==> 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.
Navigator Global Investments's return on assets of this year was 0.15452066. Navigator Global Investments's return on assets of last year was 0.08784192.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Navigator Global Investments's gearing of this year was 0.02665248. Navigator Global Investments's gearing of last year was 0.02683636.
==> 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
Navigator Global Investments's current ratio of this year was 0.9444516. Navigator Global Investments's current ratio of last year was 0.95692519.
==> 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.
Navigator Global Investments's number of shares in issue this year was 553.28. Navigator Global Investments's number of shares in issue last year was 445.382.
==> 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.
Navigator Global Investments's gross margin of this year was 1. Navigator Global Investments's gross margin of last year was 1.
==> 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
Navigator Global Investments's asset turnover of this year was 0.47353242. Navigator Global Investments's asset turnover of last year was 0.36602689.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Navigator Global Investments has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Navigator Global Investments (ASX:NGI) has a Piotroski F-Score of 5 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Navigator Global Investments and its competitors. This is near median its historical median of 5.00. Over the past decade, Navigator Global Investments' Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Navigator Global Investments ranks #559 out of 1597 companies in the Asset Management industry, placing it in the top 35%.
Is Navigator Global Investments' Piotroski F-Score too high?
Navigator Global Investments' current Piotroski F-Score of 5 is near 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 Asset Management industry median Piotroski F-Score is 5.00. Navigator Global Investments' value of 5 is 0% at this industry median. Based on the distribution chart, Navigator Global Investments ranks #559 out of 1597 companies in the Asset Management industry, which is above the industry midpoint. Overall, Navigator Global Investments has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Navigator Global Investments' Piotroski F-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Navigator Global Investments ranks #559 out of 1597 companies for Piotroski F-Score. This puts Navigator Global Investments in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Navigator Global Investments' value of 5 is 0% at this benchmark. Historically, Navigator Global Investments' 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, Navigator Global Investments has consistently been at 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 1,597 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. Navigator Global Investments's current Piotroski F-Score of 5 is 0% at 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 Navigator Global Investments 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. Navigator Global Investments's current Piotroski F-Score is 5, which is near 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 Navigator Global Investments stock overvalued right now?
Based on GuruFocus' analysis, Navigator Global Investments (ASX:NGI) is currently considered Modestly Overvalued. The stock's GF Value™ is A$2.00, compared to a current price of A$2.53 — trading 26.5% above its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Asset Management industry median of 5.00. Navigator Global Investments' overall GF Score™ is 82/100 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 Navigator Global Investments (ASX:NGI), the current Piotroski F-Score is 5 as of Jun. 26, 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 Navigator Global Investments (ASX:NGI) Overvalued in 2026?
Based on GuruFocus' analysis, Navigator Global Investments stock appears to be overvalued.
The current stock price of A$2.53 is trading 26.5% above its estimated GF Value™ of A$2.00.
GuruFocus considers Navigator Global Investments to be Modestly Overvalued.
Key valuation signals for ASX:NGI:
Piotroski F-Score: 5 (near median its 10-year median of 5.00)
GF Value™: A$2.00 vs. price of A$2.53 (26.5% above fair value)
Industry Position: 0% at the Asset Management median (#559 of 1597)
No single metric tells the full story. See the ASX:NGI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Navigator Global Investments Ltd is a holding company. It invests in a range of diversified alternative asset management companies. The group's reportable operating segment includes Lighthouse and NGI Strategic. The company generates maximum revenue from the Lighthouse segment, which operates as an international absolute return funds manager for investment vehicles. The NGI Strategic segment partners with alternative investment management firms and holds several strategic investments on a minority basis. Including the NGI Strategic Portfolio, Marble Capital, Invictus Capital Partners and 1315 Capital investments. Geographically, the group generates revenue from contracts with its customers in the United States of America, Cayman Islands, the United Kingdom, and Australia.
82GF Score
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