ASXSF (Elysee Development) Piotroski F-Score: 6 (As of Jun. 25, 2026) — 50% Above Median


ASXSF Elysee Development Corp ASXSF
34 GF Score
Price $0.43
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What is Elysee Development Piotroski F-Score?

Elysee Development ASXSF +2.25% 34 Piotroski F-Score is 6 as of Jun. 25, 2026, which is 50% above its 10-year median of 4.00. GuruFocus rates ASXSF with a GF Score™ of 34/100. Among 1,601 Asset Management companies, Elysee Development ranks better than 82.76% 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

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

ASXSF' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Elysee Development was 8. The lowest was 2. And the median was 4.

Elysee Development  (OTCPK:ASXSF) 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.


Elysee Development Piotroski F-Score Related Terms


Elysee Development Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Elysee Development'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.

Elysee Development Piotroski F-Score Chart

Elysee Development Annual Data
Trend Nov16 Nov17 Nov18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 3.00 4.00 4.00 6.00

Elysee Development Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3.00 6.00 6.00 6.00 6.00

ASXSF vs BLK, BX, KKR: Piotroski F-Score Comparison

For the Asset Management subindustry, Elysee Development'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.


Elysee Development Piotroski F-Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Elysee Development's Piotroski F-Score distribution charts can be found below:

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


ASXSF
34GF Score
Elysee Development Corp ASXSF
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 0.749 + 3.882 + 1.039 + 1.407 = $7.08 Mil.
Cash Flow from Operations was 0.276 + 2.028 + 1.81 + 1.109 = $5.22 Mil.
Revenue was 0.319 + 0.737 + 1.552 + 1.915 = $4.52 Mil.
Gross Profit was 0.295 + 0.713 + 1.401 + 1.891 = $4.30 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(10.999 + 12.243 + 15.968 + 15.93 + 17.257) / 5 = $14.4794 Mil.
Total Assets at the begining of this year (Mar25) was $11.00 Mil.
Long-Term Debt & Capital Lease Obligation was $0.18 Mil.
Total Current Assets was $16.56 Mil.
Total Current Liabilities was $0.45 Mil.
Net Income was -0.25 + 0.712 + -0.174 + 1.34 = $1.63 Mil.

Revenue was -0.25 + -0.151 + 0.005 + 0.372 = $-0.02 Mil.
Gross Profit was -0.272 + -0.191 + -0.016 + 0.33 = $-0.15 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(8.455 + 9.533 + 10.328 + 9.702 + 10.999) / 5 = $9.8034 Mil.
Total Assets at the begining of last year (Mar24) was $8.46 Mil.
Long-Term Debt & Capital Lease Obligation was $1.27 Mil.
Total Current Assets was $9.59 Mil.
Total Current Liabilities was $0.07 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.

Elysee Development's current Net Income (TTM) was 7.08. ==> 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.

Elysee Development's current Cash Flow from Operations (TTM) was 5.22. ==> 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 (Mar25)
=7.077/10.999
=0.64342213

ROA (Last Year)=Net Income/Total Assets (Mar24)
=1.628/8.455
=0.19254879

Elysee Development's return on assets of this year was 0.64342213. Elysee Development's return on assets of last year was 0.19254879. ==> 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.

Elysee Development's current Net Income (TTM) was 7.08. Elysee Development's current Cash Flow from Operations (TTM) was 5.22. ==> 5.22 <= 7.08 ==> CFROA <= ROA ==> Score 0.

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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=0.18/14.4794
=0.01243145

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1.265/9.8034
=0.12903686

Elysee Development's gearing of this year was 0.01243145. Elysee Development's gearing of last year was 0.12903686. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=16.557/0.453
=36.54966887

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=9.588/0.067
=143.10447761

Elysee Development's current ratio of this year was 36.54966887. Elysee Development's current ratio of last year was 143.10447761. ==> 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.

Elysee Development's number of shares in issue this year was 29.064. Elysee Development's number of shares in issue last year was 31.198. ==> 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
=4.3/4.523
=0.95069644

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-0.149/-0.024
=6.20833333

Elysee Development's gross margin of this year was 0.95069644. Elysee Development's gross margin of last year was 6.20833333. ==> 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 (Mar25)
=4.523/10.999
=0.4112192

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=-0.024/8.455
=-0.00283856

Elysee Development's asset turnover of this year was 0.4112192. Elysee Development's asset turnover of last year was -0.00283856. ==> 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+0+1+0+1+0+1
=6

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

Elysee Development 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?
Elysee Development (ASXSF) 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 Elysee Development and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, Elysee Development's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Elysee Development ranks #276 out of 1601 companies in the Asset Management industry, placing it in the top 17.2%.
Is Elysee Development's Piotroski F-Score too high?
Elysee Development's current Piotroski F-Score of 6 is 50% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Asset Management industry median Piotroski F-Score is 5.00. Elysee Development's value of 6 is 20% above this industry median. Based on the distribution chart, Elysee Development ranks #276 out of 1601 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Elysee Development has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Elysee Development's Piotroski F-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Elysee Development ranks #276 out of 1601 companies for Piotroski F-Score. This places Elysee Development in the top 17% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Elysee Development's value of 6 is 20% above this benchmark. Historically, Elysee Development's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Elysee Development 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 an Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,601 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. Elysee Development'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 Elysee Development and its competitors. For the Asset Management 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. Elysee Development's current Piotroski F-Score is 6, which is 50% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elysee Development stock overvalued right now?
Elysee Development (ASXSF) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 20% above the Asset Management industry median of 5.00. Elysee Development's overall GF Score™ is 34/100. 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 Elysee Development (ASXSF), 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.

Elysee Development Business Description

Other Exchanges QLDN:GermanyELC:Canada
Address 1021 West Hastings Street, 9th Floor, Vancouver, BC, CAN, V6E 0C3
Elysee Development Corp is a diversified investment and venture capital firm with a focus on publicly traded companies in the natural resource sector. The company is an investment issuer with an actively managed investment portfolio of common shares and other securities, and investments cover a broad range of activities with a focus on natural resources and in particular, the precious metals sector. The investment activities of the company are currently concentrated on junior exploration and mining companies active in the gold and silver sector, as well as several technology companies.
34GF 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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