OtherLevels Holdings (ASX:OLV) Piotroski F-Score: 1 (As of Jun. 28, 2026) — 67% Below Median


What is OtherLevels Holdings Piotroski F-Score?

OtherLevels Holdings ASX:OLV Piotroski F-Score is 1 as of Jun. 28, 2026, which is 67% below its 10-year median of 3.00. The stock has 4 warning signs investors should review.

Warning Sign:

Piotroski F-Score of 1 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

OtherLevels Holdings has an F-score of 1. It is a bad or low score, which usually implies poor business operation.

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

ASX:OLV' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 5
Current: 1

During the past 5 years, the highest Piotroski F-Score of OtherLevels Holdings was 5. The lowest was 1. And the median was 3.

OtherLevels Holdings  (ASX:OLV) 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.


OtherLevels Holdings Piotroski F-Score Related Terms


OtherLevels Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for OtherLevels Holdings'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.

OtherLevels Holdings Piotroski F-Score Chart

OtherLevels Holdings Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19
Piotroski F-Score
N/A N/A 3.00 5.00 1.00

OtherLevels Holdings Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 5.00 0.00 1.00 0.00

ASX:OLV vs MSFT, ADBE, ORCL: Piotroski F-Score Comparison

For the Software - Infrastructure subindustry, OtherLevels Holdings'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.


OtherLevels Holdings Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, OtherLevels Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where OtherLevels Holdings's Piotroski F-Score falls into.


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 (Jun19) TTM:Last Year (Jun18) TTM:
Net Income was A$-3.39 Mil.
Cash Flow from Operations was A$-0.49 Mil.
Revenue was A$5.38 Mil.
Gross Profit was A$5.38 Mil.
Average Total Assets from the begining of this year (Jun18)
to the end of this year (Jun19) was (5.243 + 7.42) / 2 = A$6.3315 Mil.
Total Assets at the begining of this year (Jun18) was A$5.24 Mil.
Long-Term Debt & Capital Lease Obligation was A$3.88 Mil.
Total Current Assets was A$1.62 Mil.
Total Current Liabilities was A$5.45 Mil.
Net Income was A$-1.74 Mil.

Revenue was A$5.25 Mil.
Gross Profit was A$5.25 Mil.
Average Total Assets from the begining of last year (Jun17)
to the end of last year (Jun18) was (4.424 + 5.243) / 2 = A$4.8335 Mil.
Total Assets at the begining of last year (Jun17) was A$4.42 Mil.
Long-Term Debt & Capital Lease Obligation was A$2.82 Mil.
Total Current Assets was A$1.65 Mil.
Total Current Liabilities was A$3.79 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.

OtherLevels Holdings's current Net Income (TTM) was -3.39. ==> 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.

Score 1 if positive, 0 if negative.

OtherLevels Holdings's current Cash Flow from Operations (TTM) was -0.49. ==> Negative ==> Score 0.

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 (Jun18)
=-3.387/5.243
=-0.6460042

ROA (Last Year)=Net Income/Total Assets (Jun17)
=-1.741/4.424
=-0.39353526

OtherLevels Holdings's return on assets of this year was -0.6460042. OtherLevels Holdings's return on assets of last year was -0.39353526. ==> Last year is higher ==> Score 0.

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.

OtherLevels Holdings's current Net Income (TTM) was -3.39. OtherLevels Holdings's current Cash Flow from Operations (TTM) was -0.49. ==> -0.49 > -3.39 ==> 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: Jun19)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun18 to Jun19
=3.881/6.3315
=0.61296691

Gearing (Last Year: Jun18)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun17 to Jun18
=2.816/4.8335
=0.5826006

OtherLevels Holdings's gearing of this year was 0.61296691. OtherLevels Holdings's gearing of last year was 0.5826006. ==> 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

Current Ratio (This Year: Jun19)=Total Current Assets/Total Current Liabilities
=1.616/5.454
=0.2962963

Current Ratio (Last Year: Jun18)=Total Current Assets/Total Current Liabilities
=1.647/3.786
=0.43502377

OtherLevels Holdings's current ratio of this year was 0.2962963. OtherLevels Holdings's current ratio of last year was 0.43502377. ==> 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.

OtherLevels Holdings's number of shares in issue this year was 265.415. OtherLevels Holdings's number of shares in issue last year was 224.662. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=5.378/5.378
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5.246/5.246
=1

OtherLevels Holdings's gross margin of this year was 1. OtherLevels Holdings'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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jun18)
=5.378/5.243
=1.02574862

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun17)
=5.246/4.424
=1.1858047

OtherLevels Holdings's asset turnover of this year was 1.02574862. OtherLevels Holdings's asset turnover of last year was 1.1858047. ==> 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
=0+0+0+1+0+0+0+0+0
=1

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

OtherLevels Holdings has an F-score of 1. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 1 mean?
OtherLevels Holdings (ASX:OLV) has a Piotroski F-Score of 1 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on OtherLevels Holdings and its competitors. This is 67% below median its historical median of 3.00. Over the past decade, OtherLevels Holdings' Piotroski F-Score has ranged from 1.00 to 5.00.
Is OtherLevels Holdings' Piotroski F-Score too high?
OtherLevels Holdings' current Piotroski F-Score of 1 is 67% below median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 5.00. The Software industry median Piotroski F-Score is 5.00. OtherLevels Holdings' value of 1 is 80% below this industry median.
How does OtherLevels Holdings' Piotroski F-Score compare to MSFT and ADBE?
OtherLevels Holdings' Piotroski F-Score of 1 can be compared against companies in the Software industry. The industry median Piotroski F-Score is 5.00. OtherLevels Holdings' value of 1 is 80% below this benchmark. Historically, OtherLevels Holdings' own Piotroski F-Score has ranged from 1.00 to 5.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, OtherLevels Holdings 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 2,744 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. OtherLevels Holdings's current Piotroski F-Score of 1 is 80% 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 OtherLevels Holdings 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. OtherLevels Holdings's current Piotroski F-Score is 1, which is 67% below median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OtherLevels Holdings stock overvalued right now?
Based on GuruFocus' analysis, OtherLevels Holdings (ASX:OLV) is currently considered Possible Value Trap. The current Piotroski F-Score is 1, which is 67% below median its 10-year median of 3.00 and 80% below the Software 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 OtherLevels Holdings (ASX:OLV), the current Piotroski F-Score is 1 as of Jun. 28, 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.

OtherLevels Holdings Business Description

Address 235 Edward Street, Level 1, Brisbane, QLD, AUS, 4000
OtherLevels Holdings Ltd provides mobile marketing solutions. It operates a digital marketing Software-as-a-Service business that enables enterprises to communicate with its users on mobile and smart devices. Geographically, it derives a majority of revenue from the United Kingdom and also has a presence in Australia and the United States. The company generates revenue from Licences; Managed Services; Professional Services and Other income. It provides platforms such as Web and App Messaging, Location Messaging, Event Messaging, Intelligent Messaging, and In-Play Messaging.