Schaffer (ASX:SFC) Piotroski F-Score: 6 (As of Jun. 25, 2026) — 14% Below Median


ASX:SFC Schaffer Corp Ltd ASX:SFC
75 GF Score
Price A$18.56
GF Value A$20.83
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Schaffer Piotroski F-Score?

Schaffer ASX:SFC 75 Piotroski F-Score is 6 as of Jun. 25, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates ASX:SFC with a GF Score™ of 75/100 and a GF Value™ of A$20.83 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,286 Vehicles & Parts companies, Schaffer ranks better than 73.56% 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

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

ASX:SFC' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Schaffer was 8. The lowest was 4. And the median was 7.

Schaffer  (ASX:SFC) 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.


Schaffer Piotroski F-Score Related Terms


Schaffer Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Schaffer'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.

Schaffer Piotroski F-Score Chart

Schaffer Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 5.00 4.00 8.00 6.00

Schaffer Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 8.00 0.00 6.00 0.00

ASX:SFC vs ORLY, AZO: Piotroski F-Score Comparison

For the Auto Parts subindustry, Schaffer'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.


Schaffer Piotroski F-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Schaffer's Piotroski F-Score distribution charts can be found below:

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


ASX:SFC
75GF Score
Schaffer Corp Ltd ASX:SFC
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$24.3 Mil.
Cash Flow from Operations was A$30.0 Mil.
Revenue was A$218.8 Mil.
Gross Profit was A$49.1 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (429.351 + 453.757) / 2 = A$441.554 Mil.
Total Assets at the begining of this year (Jun24) was A$429.4 Mil.
Long-Term Debt & Capital Lease Obligation was A$69.4 Mil.
Total Current Assets was A$171.6 Mil.
Total Current Liabilities was A$84.3 Mil.
Net Income was A$27.1 Mil.

Revenue was A$216.2 Mil.
Gross Profit was A$46.0 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (426.728 + 429.351) / 2 = A$428.0395 Mil.
Total Assets at the begining of last year (Jun23) was A$426.7 Mil.
Long-Term Debt & Capital Lease Obligation was A$64.0 Mil.
Total Current Assets was A$157.1 Mil.
Total Current Liabilities was A$70.1 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.

Schaffer's current Net Income (TTM) was 24.3. ==> 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.

Schaffer's current Cash Flow from Operations (TTM) was 30.0. ==> 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.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Jun24)
=24.257/429.351
=0.0564969

ROA (Last Year)=Net Income/Total Assets (Jun23)
=27.051/426.728
=0.06339167

Schaffer's return on assets of this year was 0.0564969. Schaffer's return on assets of last year was 0.06339167. ==> 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.

Schaffer's current Net Income (TTM) was 24.3. Schaffer's current Cash Flow from Operations (TTM) was 30.0. ==> 30.0 > 24.3 ==> 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
=69.448/441.554
=0.15728088

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=64.006/428.0395
=0.14953293

Schaffer's gearing of this year was 0.15728088. Schaffer's gearing of last year was 0.14953293. ==> 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: Jun25)=Total Current Assets/Total Current Liabilities
=171.622/84.286
=2.03618632

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=157.072/70.09
=2.24100442

Schaffer's current ratio of this year was 2.03618632. Schaffer's current ratio of last year was 2.24100442. ==> 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.

Schaffer's number of shares in issue this year was 13.589. Schaffer's number of shares in issue last year was 13.628. ==> 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
=49.115/218.847
=0.2244262

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=45.985/216.158
=0.2127379

Schaffer's gross margin of this year was 0.2244262. Schaffer's gross margin of last year was 0.2127379. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jun24)
=218.847/429.351
=0.50971583

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=216.158/426.728
=0.5065475

Schaffer's asset turnover of this year was 0.50971583. Schaffer's asset turnover of last year was 0.5065475. ==> 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
=1+1+0+1+0+0+1+1+1
=6

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

Schaffer has an F-score of 6 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 6 mean?
Schaffer (ASX:SFC) 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 Schaffer and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Schaffer's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Schaffer ranks #340 out of 1286 companies in the Vehicles & Parts industry, placing it in the top 26.4%.
Is Schaffer's Piotroski F-Score too high?
Schaffer's current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Vehicles & Parts industry median Piotroski F-Score is 5.00. Schaffer's value of 6 is 20% above this industry median. Based on the distribution chart, Schaffer ranks #340 out of 1286 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Schaffer has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Schaffer's Piotroski F-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Schaffer ranks #340 out of 1286 companies for Piotroski F-Score. This puts Schaffer in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Schaffer's value of 6 is 20% above this benchmark. Historically, Schaffer's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Schaffer 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 a Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 5.00, based on 1,286 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. Schaffer'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 Schaffer and its competitors. For the Vehicles & Parts 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. Schaffer's current Piotroski F-Score is 6, which is 14% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Schaffer stock overvalued right now?
Based on GuruFocus' analysis, Schaffer (ASX:SFC) is currently considered Modestly Undervalued. The stock's GF Value™ is A$20.83, compared to a current price of A$18.56 — trading 10.9% below its estimated fair value. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Vehicles & Parts industry median of 5.00. Schaffer's overall GF Score™ is 75/100 with 8 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 Schaffer (ASX:SFC), 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 Schaffer (ASX:SFC) Overvalued in 2026?

Based on GuruFocus' analysis, Schaffer stock appears to be undervalued. The current stock price of A$18.56 is trading 10.9% below its estimated GF Value™ of A$20.83. GuruFocus considers Schaffer to be Modestly Undervalued.

Key valuation signals for ASX:SFC:

  • Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
  • GF Value™: A$20.83 vs. price of A$18.56 (10.9% below fair value)
  • GF Score™: 75/100 with 8 warning signs
  • Industry Position: 20% above the Vehicles & Parts median (#340 of 1286)

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


Schaffer Business Description

Address 1305 Hay Street, West Perth, Perth, WA, AUS, 6005
Schaffer Corp Ltd engages in the business of automotive leather manufacturing. The firm operates through the following segments: The Automotive Leather segment which generates majority revenue for the company manufactures and supplies leather in the automotive industries. The Building Materials segment produces and sells concrete paving, pre-cast, and pre-stressed concrete elements. The Group Investments segment includes syndicated property investments and investment property and includes leasing office and retail properties and South Connect Jandakot. Its geographical segments include Europe, Asia, and Australia of which the majority of the revenue derives from Europe.
75GF Score

Get the complete analysis for ASX:SFC

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

A$18.56
Price
A$20.83
GF Value