International Public Partnerships (CHIX:INPPL) Piotroski F-Score: 8 (As of Jun. 26, 2026) — 60% Above Median


CHIX:INPPL International Public Partnerships Ltd CHIX:INPPL
56 GF Score
Price £1.27
GF Value £2.94
! 4 Warning Signs
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What is International Public Partnerships Piotroski F-Score?

International Public Partnerships CHIX:INPPL 56 Piotroski F-Score is 8 as of Jun. 26, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates CHIX:INPPL with a GF Score™ of 56/100 and a GF Value™ of £2.94. The stock has 4 warning signs investors should review. Among 1,597 Asset Management companies, International Public Partnerships ranks better than 99.25% on this metric.

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

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

International Public Partnerships has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for International Public Partnerships's Piotroski F-Score or its related term are showing as below:

CHIX:INPPl' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of International Public Partnerships was 8. The lowest was 2. And the median was 5.

International Public Partnerships  (CHIX:INPPl) 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.


International Public Partnerships Piotroski F-Score Related Terms


International Public Partnerships Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for International Public Partnerships'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.

International Public Partnerships Piotroski F-Score Chart

International Public Partnerships 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 5.00 7.00 3.00 6.00 8.00

International Public Partnerships 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 3.00 0.00 6.00 0.00 8.00

CHIX:INPPL vs BLK, BX, KKR: Piotroski F-Score Comparison

For the Asset Management subindustry, International Public Partnerships'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.


International Public Partnerships Piotroski F-Score vs Asset Management Industry

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

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


CHIX:INPPL
56GF Score
International Public Partnerships Ltd CHIX:INPPL
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was £263.7 Mil.
Cash Flow from Operations was £161.4 Mil.
Revenue was £267.8 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (2728.546 + 2756.085) / 2 = £2742.3155 Mil.
Total Assets at the begining of this year (Dec24) was £2,728.5 Mil.
Long-Term Debt & Capital Lease Obligation was £0.0 Mil.
Total Assets was £2,756.1 Mil.
Total Liabilities was £9.4 Mil.
Net Income was £0.5 Mil.

Revenue was £3.5 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (2992.185 + 2728.546) / 2 = £2860.3655 Mil.
Total Assets at the begining of last year (Dec23) was £2,992.2 Mil.
Long-Term Debt & Capital Lease Obligation was £0.0 Mil.
Total Assets was £2,728.5 Mil.
Total Liabilities was £11.9 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.

International Public Partnerships's current Net Income (TTM) was 263.7. ==> 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.

International Public Partnerships's current Cash Flow from Operations (TTM) was 161.4. ==> 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 (Dec24)
=263.704/2728.546
=0.09664635

ROA (Last Year)=Net Income/Total Assets (Dec23)
=0.465/2992.185
=0.0001554

International Public Partnerships's return on assets of this year was 0.09664635. International Public Partnerships's return on assets of last year was 0.0001554. ==> 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.

International Public Partnerships's current Net Income (TTM) was 263.7. International Public Partnerships's current Cash Flow from Operations (TTM) was 161.4. ==> 161.4 <= 263.7 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=0/2742.3155
=0

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0/2860.3655
=0

International Public Partnerships's gearing of this year was 0. International Public Partnerships's gearing of last year was 0. ==> 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

* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.

Current Ratio (This Year: Dec25)=Total Assets/Total Liabilities
=2756.085/9.444
=291.83449809

Current Ratio (Last Year: Dec24)=Total Assets/Total Liabilities
=2728.546/11.922
=228.86646536

International Public Partnerships's current ratio of this year was 291.83449809. International Public Partnerships's current ratio of last year was 228.86646536. ==> 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.

International Public Partnerships's number of shares in issue this year was 1846.137. International Public Partnerships's number of shares in issue last year was 1898.454. ==> 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.

* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.

Net Margin (This Year: TTM)=Net Income/Revenue
=263.704/267.76
=0.98485211

Net Margin (Last Year: TTM)=Net Income/Revenue
=0.465/3.471
=0.13396716

International Public Partnerships's net margin of this year was 0.98485211. International Public Partnerships's net margin of last year was 0.13396716. ==> This year's net 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 (Dec24)
=267.76/2728.546
=0.09813285

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=3.471/2992.185
=0.00116002

International Public Partnerships's asset turnover of this year was 0.09813285. International Public Partnerships's asset turnover of last year was 0.00116002. ==> 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+1+1+1+1
=8

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

International Public Partnerships has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
International Public Partnerships (CHIX:INPPL) has a Piotroski F-Score of 8 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on International Public Partnerships and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, International Public Partnerships' Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, International Public Partnerships ranks #12 out of 1597 companies in the Asset Management industry, placing it in the top 0.8%.
Is International Public Partnerships' Piotroski F-Score too high?
International Public Partnerships' current Piotroski F-Score of 8 is 60% above median its 10-year median of 5.00. 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. International Public Partnerships' value of 8 is 60% above this industry median. Based on the distribution chart, International Public Partnerships ranks #12 out of 1597 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, International Public Partnerships has a GF Score™ of 56/100, reflecting its overall financial health beyond just this single metric.
How does International Public Partnerships' Piotroski F-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, International Public Partnerships ranks #12 out of 1597 companies for Piotroski F-Score. This places International Public Partnerships in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. International Public Partnerships' value of 8 is 60% above this benchmark. Historically, International Public Partnerships' own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, International Public Partnerships 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 1,597 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. International Public Partnerships's current Piotroski F-Score of 8 is 60% 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 International Public Partnerships 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. International Public Partnerships's current Piotroski F-Score is 8, which is 60% above 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 International Public Partnerships stock overvalued right now?
International Public Partnerships (CHIX:INPPL) has a current Piotroski F-Score of 8. The stock's GF Value™ is £2.94, compared to a current price of £1.27 — trading 56.7% below its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 60% above the Asset Management industry median of 5.00. International Public Partnerships' overall GF Score™ is 56/100 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 International Public Partnerships (CHIX:INPPL), the current Piotroski F-Score is 8 as of Jun. 26, 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 International Public Partnerships (CHIX:INPPL) Overvalued in 2026?

Based on GuruFocus' analysis, International Public Partnerships stock appears to be undervalued. The current stock price of £1.27 is trading 56.7% below its estimated GF Value™ of £2.94.

Key valuation signals for CHIX:INPPL:

  • Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
  • GF Value™: £2.94 vs. price of £1.27 (56.7% below fair value)
  • GF Score™: 56/100 with 4 warning signs
  • Industry Position: 60% above the Asset Management median (#12 of 1597)

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


International Public Partnerships Business Description

Other Exchanges INPP:UK
Address Trafalgar Court, Les Banques, PO Box 286, Floor 2, St Peter Port, GGY, GY1 4LY
International Public Partnerships Ltd is a closed-ended investment company. Its objective is to provide investors with stable, long-term, inflation-linked returns, based on growing dividends and the potential for capital appreciation. Its portfolio consists of transport, energy transmission, Education, gas distribution, wastewater, health, judicial, digital, and others. Its investments are in the UK, the United States, Europe, Australia, Belgium, Germany, New Zealand, Canada, Ireland, and Denmark, with the U.K. accounting for the majority of shares. It has four reportable segments: UK & CI, Europe (excl. UK), North America, and Australia & New Zealand.
56GF Score

Get the complete analysis for CHIX:INPPL

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

£1.27
Price
£2.94
GF Value