Viva Leisure (ASX:VVA) Piotroski F-Score: 5 (As of Jun. 25, 2026) — Near Median


ASX:VVA Viva Leisure Ltd ASX:VVA
83 GF Score
Price A$1.54
GF Value A$2.03
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Viva Leisure Piotroski F-Score?

Viva Leisure ASX:VVA -0.96% 83 Piotroski F-Score is 5 as of Jun. 25, 2026, which is at its 10-year median of 5.00. GuruFocus rates ASX:VVA with a GF Score™ of 83/100 and a GF Value™ of A$2.03 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 840 Travel & Leisure companies, Viva Leisure ranks better than 52.74% 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

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

ASX:VVA' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 6
Current: 5

During the past 7 years, the highest Piotroski F-Score of Viva Leisure was 6. The lowest was 3. And the median was 5.

Viva Leisure  (ASX:VVA) 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.


Viva Leisure Piotroski F-Score Related Terms


Viva Leisure Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Viva Leisure'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.

Viva Leisure Piotroski F-Score Chart

Viva Leisure Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial 4.00 3.00 6.00 6.00 5.00

Viva Leisure Semi-Annual Data
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 0.00 6.00 0.00 5.00 0.00

ASX:VVA vs AS, HAS, LTH: Piotroski F-Score Comparison

For the Leisure subindustry, Viva Leisure'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.


Viva Leisure Piotroski F-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Viva Leisure's Piotroski F-Score distribution charts can be found below:

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


ASX:VVA
83GF Score
Viva Leisure Ltd ASX:VVA
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$5.2 Mil.
Cash Flow from Operations was A$70.0 Mil.
Revenue was A$210.3 Mil.
Gross Profit was A$210.3 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (542.485 + 612.393) / 2 = A$577.439 Mil.
Total Assets at the begining of this year (Jun24) was A$542.5 Mil.
Long-Term Debt & Capital Lease Obligation was A$341.7 Mil.
Total Current Assets was A$20.6 Mil.
Total Current Liabilities was A$70.6 Mil.
Net Income was A$3.2 Mil.

Revenue was A$161.5 Mil.
Gross Profit was A$161.5 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (449.016 + 542.485) / 2 = A$495.7505 Mil.
Total Assets at the begining of last year (Jun23) was A$449.0 Mil.
Long-Term Debt & Capital Lease Obligation was A$268.0 Mil.
Total Current Assets was A$27.3 Mil.
Total Current Liabilities was A$77.2 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.

Viva Leisure's current Net Income (TTM) was 5.2. ==> 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.

Viva Leisure's current Cash Flow from Operations (TTM) was 70.0. ==> 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)
=5.227/542.485
=0.00963529

ROA (Last Year)=Net Income/Total Assets (Jun23)
=3.248/449.016
=0.0072336

Viva Leisure's return on assets of this year was 0.00963529. Viva Leisure's return on assets of last year was 0.0072336. ==> This year is higher. ==> Score 1.

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.

Viva Leisure's current Net Income (TTM) was 5.2. Viva Leisure's current Cash Flow from Operations (TTM) was 70.0. ==> 70.0 > 5.2 ==> 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
=341.698/577.439
=0.59174735

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=267.975/495.7505
=0.54054408

Viva Leisure's gearing of this year was 0.59174735. Viva Leisure's gearing of last year was 0.54054408. ==> 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
=20.647/70.553
=0.29264525

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=27.328/77.213
=0.35393004

Viva Leisure's current ratio of this year was 0.29264525. Viva Leisure's current ratio of last year was 0.35393004. ==> 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.

Viva Leisure's number of shares in issue this year was 102.095. Viva Leisure's number of shares in issue last year was 93.878. ==> 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
=210.28/210.28
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=161.482/161.482
=1

Viva Leisure's gross margin of this year was 1. Viva Leisure'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 (Jun24)
=210.28/542.485
=0.38762362

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=161.482/449.016
=0.35963529

Viva Leisure's asset turnover of this year was 0.38762362. Viva Leisure's asset turnover of last year was 0.35963529. ==> 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+1+1+0+0+0+0+1
=5

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

Viva Leisure 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?
Viva Leisure (ASX:VVA) has a Piotroski F-Score of 5 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Viva Leisure and its competitors. This is near median its historical median of 5.00. Over the past decade, Viva Leisure's Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, Viva Leisure ranks #397 out of 840 companies in the Travel & Leisure industry, placing it in the top 47.3%.
Is Viva Leisure's Piotroski F-Score too high?
Viva Leisure'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 3.00 to a high of 6.00. The Travel & Leisure industry median Piotroski F-Score is 5.00. Viva Leisure's value of 5 is 0% at this industry median. Based on the distribution chart, Viva Leisure ranks #397 out of 840 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Viva Leisure has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Viva Leisure's Piotroski F-Score compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Viva Leisure ranks #397 out of 840 companies for Piotroski F-Score. This puts Viva Leisure in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Viva Leisure's value of 5 is 0% at this benchmark. Historically, Viva Leisure's own Piotroski F-Score has ranged from 3.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Viva Leisure 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 Travel & Leisure company?
The median Piotroski F-Score among Travel & Leisure companies is 5.00, based on 840 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. Viva Leisure'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 Viva Leisure and its competitors. For the Travel & Leisure 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. Viva Leisure'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 Viva Leisure stock overvalued right now?
Based on GuruFocus' analysis, Viva Leisure (ASX:VVA) is currently considered Modestly Undervalued. The stock's GF Value™ is A$2.03, compared to a current price of A$1.54 — trading 24.1% 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 Travel & Leisure industry median of 5.00. Viva Leisure's overall GF Score™ is 83/100 with 4 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 Viva Leisure (ASX:VVA), the current Piotroski F-Score is 5 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 Viva Leisure (ASX:VVA) Overvalued in 2026?

Based on GuruFocus' analysis, Viva Leisure stock appears to be undervalued. The current stock price of A$1.54 is trading 24.1% below its estimated GF Value™ of A$2.03. GuruFocus considers Viva Leisure to be Modestly Undervalued.

Key valuation signals for ASX:VVA:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: A$2.03 vs. price of A$1.54 (24.1% below fair value)
  • GF Score™: 83/100 with 4 warning signs
  • Industry Position: 0% at the Travel & Leisure median (#397 of 840)

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


Viva Leisure Business Description

Address 23 Challis Street, DKSN 2.0 North Building, Level 3, Dickson, Canberra, ACT, AUS, 2602
Viva Leisure Ltd is an Australia-based company engaged in operating health clubs within the health and leisure industry. It offers customers several different membership options and a range of different types of facilities, from box fitness facilities to boutique fitness facilities. The company brands include Clublime, Ladies Only, Psyclelife, Hiit Republic, Swim School, GymmyPT, and others. The group operates in one segment, health club operations. Geographically, it operates only in Australia.
83GF Score

Get the complete analysis for ASX:VVA

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

A$1.54
Price
A$2.03
GF Value