Tasmea (ASX:TEA) Piotroski F-Score: 6 (As of Sep. 13, 2026) — Near Median

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ASX:TEA Tasmea Ltd ASX:TEA
17 GF Score
Price A$9.15
! 3 Warning Signs
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What is Tasmea Piotroski F-Score?

Tasmea ASX:TEA -4.59% 17 Piotroski F-Score is 6 as of Sep. 13, 2026, which is at its 10-year median of 6.00. GuruFocus rates ASX:TEA with a GF Score™ of 17/100. The stock has 3 warning signs investors should review. Among 1,752 Construction companies, Tasmea ranks better than 75.23% 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

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

ASX:TEA' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 7
Current: 6

During the past 5 years, the highest Piotroski F-Score of Tasmea was 7. The lowest was 5. And the median was 6.

Tasmea  (ASX:TEA) 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.


Tasmea Piotroski F-Score Related Terms


Tasmea Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Tasmea'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.

Tasmea Piotroski F-Score Chart

Tasmea Annual Data
Trend Jun22 Jun23 Jun24 Jun25 Jun26
Piotroski F-Score
N/A N/A 7.00 5.00 6.00

Tasmea Semi-Annual Data
Jun22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Piotroski F-Score Get a 7-Day Free Trial 7.00 0.00 5.00 0.00 6.00

ASX:TEA vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, Tasmea'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.


Tasmea Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Tasmea's Piotroski F-Score distribution charts can be found below:

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


ASX:TEA
17GF Score
Tasmea Ltd ASX:TEA
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 (Jun26) TTM:Last Year (Jun25) TTM:
Net Income was A$71 Mil.
Cash Flow from Operations was A$91 Mil.
Revenue was A$1,293 Mil.
Gross Profit was A$251 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was (493.556 + 729.786) / 2 = A$611.671 Mil.
Total Assets at the begining of this year (Jun25) was A$494 Mil.
Long-Term Debt & Capital Lease Obligation was A$129 Mil.
Total Current Assets was A$310 Mil.
Total Current Liabilities was A$257 Mil.
Net Income was A$53 Mil.

Revenue was A$548 Mil.
Gross Profit was A$160 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was (290.865 + 493.556) / 2 = A$392.2105 Mil.
Total Assets at the begining of last year (Jun24) was A$291 Mil.
Long-Term Debt & Capital Lease Obligation was A$110 Mil.
Total Current Assets was A$183 Mil.
Total Current Liabilities was A$156 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.

Tasmea's current Net Income (TTM) was 71. ==> 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.

Tasmea's current Cash Flow from Operations (TTM) was 91. ==> 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 (Jun25)
=71.269/493.556
=0.14439901

ROA (Last Year)=Net Income/Total Assets (Jun24)
=53.07/290.865
=0.18245578

Tasmea's return on assets of this year was 0.14439901. Tasmea's return on assets of last year was 0.18245578. ==> 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.

Tasmea's current Net Income (TTM) was 71. Tasmea's current Cash Flow from Operations (TTM) was 91. ==> 91 > 71 ==> 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: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun25 to Jun26
=128.993/611.671
=0.21088624

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=110.04/392.2105
=0.28056363

Tasmea's gearing of this year was 0.21088624. Tasmea's gearing of last year was 0.28056363. ==> 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: Jun26)=Total Current Assets/Total Current Liabilities
=309.916/257.156
=1.20516729

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=183.111/155.985
=1.17390134

Tasmea's current ratio of this year was 1.20516729. Tasmea's current ratio of last year was 1.17390134. ==> This year's current ratio is higher. ==> Score 1.

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.

Tasmea's number of shares in issue this year was 258.972. Tasmea's number of shares in issue last year was 231.545. ==> 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
=251.497/1293.308
=0.19446025

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=159.798/547.914
=0.29164796

Tasmea's gross margin of this year was 0.19446025. Tasmea's gross margin of last year was 0.29164796. ==> 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 (Jun25)
=1293.308/493.556
=2.62038755

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=547.914/290.865
=1.88373988

Tasmea's asset turnover of this year was 2.62038755. Tasmea's asset turnover of last year was 1.88373988. ==> 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+1+1+0+0+1
=6

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

Tasmea 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?
Tasmea (ASX:TEA) has a Piotroski F-Score of 6 as of Sep. 13, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Tasmea and its competitors. This is near median its historical median of 6.00. Over the past decade, Tasmea's Piotroski F-Score has ranged from 5.00 to 7.00. According to the industry distribution chart, Tasmea ranks #434 out of 1752 companies in the Construction industry, placing it in the top 24.8%.
Is Tasmea's Piotroski F-Score too high?
Tasmea's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 7.00. The Construction industry median Piotroski F-Score is 5.00. Tasmea's value of 6 is 20% above this industry median. Based on the distribution chart, Tasmea ranks #434 out of 1752 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Tasmea has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Tasmea's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Tasmea ranks #434 out of 1752 companies for Piotroski F-Score. This places Tasmea in the top 25% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Tasmea's value of 6 is 20% above this benchmark. Historically, Tasmea's own Piotroski F-Score has ranged from 5.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Tasmea 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,752 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. Tasmea'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 Tasmea and its competitors. For the Construction 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. Tasmea's current Piotroski F-Score is 6, which is near median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tasmea stock overvalued right now?
Tasmea (ASX:TEA) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Construction industry median of 5.00. Tasmea's overall GF Score™ is 17/100 with 3 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 Tasmea (ASX:TEA), the current Piotroski F-Score is 6 as of Sep. 13, 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.

Tasmea Business Description

Other Exchanges TMLDF:USA
Address 75 Verde Drive, Jandakot, Perth, WA, AUS, 6164
Tasmea Ltd is a skilled services group. It provides specialist maintenance services, including essential shutdown, programmed maintenance, emergency breakdown, and sustaining capital upgrade services to asset and infrastructure owners of fixed plant operating in essential Australian industries. Tasmea operates across the following four segments: Electrical services, Mechanical services, Civil services, and Water and Fluid services. Maximum revenue is generated from its Electrical services segment, which operates as a remote area specialist services provider in industrial and commercial electrical and instrumentation services, maintenance and compliance of electrical assets, and indigenous trade services.
17GF Score

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

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