PEXA Group (ASX:PXA) Piotroski F-Score: 5 (As of Jun. 26, 2026) — Near Median


ASX:PXA PEXA Group Ltd ASX:PXA
55 GF Score
Price A$10.21
GF Value A$16.84
Valuation Significantly Undervalued
! 5 Warning Signs
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What is PEXA Group Piotroski F-Score?

PEXA Group ASX:PXA -2.30% 55 Piotroski F-Score is 5 as of Jun. 26, 2026, which is at its 10-year median of 5.00. GuruFocus rates ASX:PXA with a GF Score™ of 55/100 and a GF Value™ of A$16.84 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 2,743 Software companies, PEXA Group ranks better than 59.83% 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

PEXA Group 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 PEXA Group's Piotroski F-Score or its related term are showing as below:

ASX:PXA' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 5
Current: 5

During the past 5 years, the highest Piotroski F-Score of PEXA Group was 5. The lowest was 4. And the median was 5.

PEXA Group  (ASX:PXA) 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.


PEXA Group Piotroski F-Score Related Terms


PEXA Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for PEXA 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.

PEXA Group Piotroski F-Score Chart

PEXA Group Annual Data
Trend Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
N/A N/A 4.00 5.00 5.00

PEXA Group Semi-Annual Data
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 0.00 5.00 0.00 5.00 0.00

ASX:PXA vs CRM, SHOP, UBER: Piotroski F-Score Comparison

For the Software - Application subindustry, PEXA 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.


PEXA Group Piotroski F-Score vs Software Industry

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

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


ASX:PXA
55GF Score
PEXA Group Ltd ASX:PXA
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 (Jun25) TTM:Last Year (Jun24) TTM:
Net Income was A$-76.1 Mil.
Cash Flow from Operations was A$116.8 Mil.
Revenue was A$393.6 Mil.
Gross Profit was A$326.9 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (1780.5 + 1683.768) / 2 = A$1732.134 Mil.
Total Assets at the begining of this year (Jun24) was A$1,780.5 Mil.
Long-Term Debt & Capital Lease Obligation was A$320.7 Mil.
Total Current Assets was A$133.4 Mil.
Total Current Liabilities was A$107.6 Mil.
Net Income was A$-18.0 Mil.

Revenue was A$340.1 Mil.
Gross Profit was A$289.8 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (1683.212 + 1780.5) / 2 = A$1731.856 Mil.
Total Assets at the begining of last year (Jun23) was A$1,683.2 Mil.
Long-Term Debt & Capital Lease Obligation was A$372.4 Mil.
Total Current Assets was A$147.6 Mil.
Total Current Liabilities was A$104.5 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.

PEXA Group's current Net Income (TTM) was -76.1. ==> 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.

PEXA Group's current Cash Flow from Operations (TTM) was 116.8. ==> 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 (Jun24)
=-76.083/1780.5
=-0.04273126

ROA (Last Year)=Net Income/Total Assets (Jun23)
=-18.012/1683.212
=-0.01070097

PEXA Group's return on assets of this year was -0.04273126. PEXA Group's return on assets of last year was -0.01070097. ==> 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.

PEXA Group's current Net Income (TTM) was -76.1. PEXA Group's current Cash Flow from Operations (TTM) was 116.8. ==> 116.8 > -76.1 ==> 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: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=320.675/1732.134
=0.18513291

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=372.362/1731.856
=0.21500748

PEXA Group's gearing of this year was 0.18513291. PEXA Group's gearing of last year was 0.21500748. ==> 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: Jun25)=Total Current Assets/Total Current Liabilities
=133.378/107.622
=1.2393191

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=147.597/104.537
=1.41191157

PEXA Group's current ratio of this year was 1.2393191. PEXA Group's current ratio of last year was 1.41191157. ==> 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.

PEXA Group's number of shares in issue this year was 177.094. PEXA Group's number of shares in issue last year was 177.378. ==> 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
=326.917/393.627
=0.83052484

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=289.783/340.057
=0.85216008

PEXA Group's gross margin of this year was 0.83052484. PEXA Group's gross margin of last year was 0.85216008. ==> 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 (Jun24)
=393.627/1780.5
=0.22107666

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=340.057/1683.212
=0.20202862

PEXA Group's asset turnover of this year was 0.22107666. PEXA Group's asset turnover of last year was 0.20202862. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+1+0+1+1+0+1+0+1
=5

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

PEXA Group has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 5 mean?
PEXA Group (ASX:PXA) 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 PEXA Group and its competitors. This is near median its historical median of 5.00. Over the past decade, PEXA Group's Piotroski F-Score has ranged from 4.00 to 5.00. According to the industry distribution chart, PEXA Group ranks #1102 out of 2743 companies in the Software industry, placing it in the top 40.2%.
Is PEXA Group's Piotroski F-Score too high?
PEXA Group's 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 4.00 to a high of 5.00. The Software industry median Piotroski F-Score is 5.00. PEXA Group's value of 5 is 0% at this industry median. Based on the distribution chart, PEXA Group ranks #1102 out of 2743 companies in the Software industry, which is above the industry midpoint. Overall, PEXA Group has a GF Score™ of 55/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PEXA Group's Piotroski F-Score compare to CRM and SHOP?
According to the Software industry distribution chart, PEXA Group ranks #1102 out of 2743 companies for Piotroski F-Score. This puts PEXA Group in the upper half of its industry. The industry median Piotroski F-Score is 5.00. PEXA Group's value of 5 is 0% at this benchmark. Historically, PEXA Group's own Piotroski F-Score has ranged from 4.00 to 5.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, PEXA Group 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 a Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,743 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. PEXA Group'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 PEXA Group 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. PEXA Group'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 PEXA Group stock overvalued right now?
Based on GuruFocus' analysis, PEXA Group (ASX:PXA) is currently considered Significantly Undervalued. The stock's GF Value™ is A$16.84, compared to a current price of A$10.21 — trading 39.4% below 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 Software industry median of 5.00. PEXA Group's overall GF Score™ is 55/100 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 PEXA Group (ASX:PXA), 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 PEXA Group (ASX:PXA) Overvalued in 2026?

Based on GuruFocus' analysis, PEXA Group stock appears to be undervalued. The current stock price of A$10.21 is trading 39.4% below its estimated GF Value™ of A$16.84. GuruFocus considers PEXA Group to be Significantly Undervalued.

Key valuation signals for ASX:PXA:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: A$16.84 vs. price of A$10.21 (39.4% below fair value)
  • GF Score™: 55/100 with 5 warning signs
  • Industry Position: 0% at the Software median (#1102 of 2743)

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


PEXA Group Business Description

Address 727 Collins Street, Collins Square, Level 16, Tower 4, Docklands, Melbourne, VIC, AUS, 3008
Pexa is an exchange business for the digital settlement and lodgment of property transactions. Pexa holds a virtual monopoly on digital settlement and lodgment in Australia, at around 99% market share, due to the business historically being supported by government mandates. Pexa is looking to expand overseas and has entered the UK market.
55GF Score

Get the complete analysis for ASX:PXA

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

A$10.21
Price
A$16.84
GF Value