Valid Solucoes (BSP:VLID3) Piotroski F-Score: 5 (As of Aug. 29, 2026) — 17% Below Median

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BSP:VLID3 Valid Solucoes SA BSP:VLID3
72 GF Score
Price R$17.42
GF Value R$20.03
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Valid Solucoes Piotroski F-Score?

Valid Solucoes BSP:VLID3 +1.16% 72 Piotroski F-Score is 5 as of Aug. 29, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates BSP:VLID3 with a GF Score™ of 72/100 and a GF Value™ of R$20.03 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,062 Business Services companies, Valid Solucoes ranks better than 50.85% 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

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

BSP:VLID3' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of Valid Solucoes was 9. The lowest was 3. And the median was 6.

Valid Solucoes  (BSP:VLID3) 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.


Valid Solucoes Piotroski F-Score Related Terms


Valid Solucoes Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Valid Solucoes'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.

Valid Solucoes Piotroski F-Score Chart

Valid Solucoes Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 6.00 7.00 8.00 4.00

Valid Solucoes Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 5.00 5.00 4.00 4.00 5.00

BSP:VLID3 vs CTAS, CPRT, GPN: Piotroski F-Score Comparison

For the Specialty Business Services subindustry, Valid Solucoes'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.


Valid Solucoes Piotroski F-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Valid Solucoes's Piotroski F-Score distribution charts can be found below:

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


BSP:VLID3
72GF Score
Valid Solucoes SA BSP:VLID3
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 48.968 + 84.825 + 55.916 + 36.1 = R$226 Mil.
Cash Flow from Operations was 128.257 + 140.553 + 40.828 + 34.545 = R$344 Mil.
Revenue was 540.4 + 531.392 + 446.98 + 505.653 = R$2,024 Mil.
Gross Profit was 180.103 + 188.046 + 173.014 + 171.135 = R$712 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(2863.658 + 2874.061 + 3147.366 + 3041.825 + 2971.127) / 5 = R$2979.6074 Mil.
Total Assets at the begining of this year (Jun25) was R$2,864 Mil.
Long-Term Debt & Capital Lease Obligation was R$518 Mil.
Total Current Assets was R$1,368 Mil.
Total Current Liabilities was R$596 Mil.
Net Income was 90.315 + 63.09 + 73.419 + 54.054 = R$281 Mil.

Revenue was 579.699 + 589.173 + 500.672 + 490.099 = R$2,160 Mil.
Gross Profit was 210.383 + 198.035 + 168.378 + 158.192 = R$735 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(2733.819 + 2823.301 + 2943.849 + 2949.027 + 2863.658) / 5 = R$2862.7308 Mil.
Total Assets at the begining of last year (Jun24) was R$2,734 Mil.
Long-Term Debt & Capital Lease Obligation was R$477 Mil.
Total Current Assets was R$1,412 Mil.
Total Current Liabilities was R$465 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.

Valid Solucoes's current Net Income (TTM) was 226. ==> 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.

Valid Solucoes's current Cash Flow from Operations (TTM) was 344. ==> 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)
=225.809/2863.658
=0.07885334

ROA (Last Year)=Net Income/Total Assets (Jun24)
=280.878/2733.819
=0.10274199

Valid Solucoes's return on assets of this year was 0.07885334. Valid Solucoes's return on assets of last year was 0.10274199. ==> 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.

Valid Solucoes's current Net Income (TTM) was 226. Valid Solucoes's current Cash Flow from Operations (TTM) was 344. ==> 344 > 226 ==> 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
=517.987/2979.6074
=0.17384404

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=476.717/2862.7308
=0.16652526

Valid Solucoes's gearing of this year was 0.17384404. Valid Solucoes's gearing of last year was 0.16652526. ==> 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: Jun26)=Total Current Assets/Total Current Liabilities
=1367.561/595.558
=2.29626837

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=1412.082/464.881
=3.03751283

Valid Solucoes's current ratio of this year was 2.29626837. Valid Solucoes's current ratio of last year was 3.03751283. ==> 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.

Valid Solucoes's number of shares in issue this year was 78.368. Valid Solucoes's number of shares in issue last year was 78.741. ==> 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
=712.298/2024.425
=0.35185201

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=734.988/2159.643
=0.34032847

Valid Solucoes's gross margin of this year was 0.35185201. Valid Solucoes's gross margin of last year was 0.34032847. ==> 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 (Jun25)
=2024.425/2863.658
=0.70693672

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=2159.643/2733.819
=0.78997293

Valid Solucoes's asset turnover of this year was 0.70693672. Valid Solucoes's asset turnover of last year was 0.78997293. ==> Last year's asset turnover is higher ==> Score 0.

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+0
=5

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

Valid Solucoes 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?
Valid Solucoes (BSP:VLID3) has a Piotroski F-Score of 5 as of Aug. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Valid Solucoes and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Valid Solucoes' Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Valid Solucoes ranks #522 out of 1062 companies in the Business Services industry, placing it in the top 49.2%.
Is Valid Solucoes' Piotroski F-Score too high?
Valid Solucoes' current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Business Services industry median Piotroski F-Score is 5.00. Valid Solucoes' value of 5 is 0% at this industry median. Based on the distribution chart, Valid Solucoes ranks #522 out of 1062 companies in the Business Services industry, which is above the industry midpoint. Overall, Valid Solucoes has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Valid Solucoes' Piotroski F-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Valid Solucoes ranks #522 out of 1062 companies for Piotroski F-Score. This puts Valid Solucoes in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Valid Solucoes' value of 5 is 0% at this benchmark. Historically, Valid Solucoes' own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Valid Solucoes 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,062 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. Valid Solucoes'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 Valid Solucoes and its competitors. For the Business Services 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. Valid Solucoes's current Piotroski F-Score is 5, which is 17% below 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 Valid Solucoes stock overvalued right now?
Based on GuruFocus' analysis, Valid Solucoes (BSP:VLID3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$20.03, compared to a current price of R$17.42 — trading 13% below its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Business Services industry median of 5.00. Valid Solucoes' overall GF Score™ is 72/100 with 2 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 Valid Solucoes (BSP:VLID3), the current Piotroski F-Score is 5 as of Aug. 29, 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 Valid Solucoes (BSP:VLID3) Overvalued in 2026?

Based on GuruFocus' analysis, Valid Solucoes stock appears to be undervalued. The current stock price of R$17.42 is trading 13% below its estimated GF Value™ of R$20.03. GuruFocus considers Valid Solucoes to be Modestly Undervalued.

Key valuation signals for BSP:VLID3:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: R$20.03 vs. price of R$17.42 (13% below fair value)
  • GF Score™: 72/100 with 2 warning signs
  • Industry Position: 0% at the Business Services median (#522 of 1062)

No single metric tells the full story. See the BSP:VLID3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Valid Solucoes Business Description

Address 511 - Ipanema das Pedras, Rua Laura Maiello Kook, Sorocaba, SP, BRA, 18052-445
Valid Solucoes SA Formerly Valid Solucoes eServicos de Seguranca em Meios de Pagamento e Identificacao is engaged in the printing industry, which includes systems that include electronic, plastic, and magnetic cards, card encoding, and development, implementation, and execution of electronic document management projects. The reporting segment is Means Of Payment, which consists of cards for purposes like payments, identification, and customization. The identification segment provides physical and electronic solutions. The mobile segment offers solutions like instant lottery tickets, digital certification that offers products, services, consulting, and technology for the issue, and the use of private and Brazilian government-certified digital certificates.
72GF Score

Get the complete analysis for BSP:VLID3

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

R$17.42
Price
R$20.03
GF Value