C3is (CISS) Piotroski F-Score: 7 (As of Jun. 25, 2026) — 40% Above Median


CISS C3is Inc CISS
35 GF Score
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What is C3is Piotroski F-Score?

C3is CISS -4.65% 35 Piotroski F-Score is 7 as of Jun. 25, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates CISS with a GF Score™ of 35/100. The stock has 2 warning signs investors should review. Among 979 Transportation companies, C3is ranks better than 86.82% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

C3is has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for C3is's Piotroski F-Score or its related term are showing as below:

CISS' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 7
Current: 7

During the past 5 years, the highest Piotroski F-Score of C3is was 7. The lowest was 4. And the median was 5.

C3is  (NAS:CISS) 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.


C3is Piotroski F-Score Related Terms


C3is Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for C3is'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.

C3is Piotroski F-Score Chart

C3is Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A N/A 4.00 5.00

C3is Quarterly Data
Jun21 Dec21 Mar22 Jun22 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 5.00 5.00 N/A 5.00 7.00

CISS vs RUBI, NCT, ICON: Piotroski F-Score Comparison

For the Marine Shipping subindustry, C3is'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.


C3is Piotroski F-Score vs Transportation Industry

For the Transportation industry and Industrials sector, C3is's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where C3is's Piotroski F-Score falls into.


CISS
35GF Score
C3is Inc CISS
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 -5.328 + 2.671 + 5.213 + 3.2 = $5.76 Mil.
Cash Flow from Operations was -0.347 + 2.484 + -1.43 + 9.278 = $9.99 Mil.
Revenue was 10.737 + 4.794 + 10.554 + 11.576 = $37.66 Mil.
Gross Profit was 1.895 + -2.729 + 3.222 + 6.193 = $8.58 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(103.596 + 90.104 + 90.241 + 98.487 + 107.595) / 5 = $98.0046 Mil.
Total Assets at the begining of this year (Mar25) was $103.60 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $31.57 Mil.
Total Current Liabilities was $3.71 Mil.
Net Income was -11.757 + 5.075 + 0.147 + 7.917 = $1.38 Mil.

Revenue was 10.827 + 9.266 + 9.411 + 8.671 = $38.18 Mil.
Gross Profit was 4.153 + 0.954 + 1.752 + 2.045 = $8.90 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(113.931 + 137.408 + 99.401 + 100.489 + 103.596) / 5 = $110.965 Mil.
Total Assets at the begining of last year (Mar24) was $113.93 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $21.07 Mil.
Total Current Liabilities was $20.82 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.

C3is's current Net Income (TTM) was 5.76. ==> 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.

C3is's current Cash Flow from Operations (TTM) was 9.99. ==> 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)
=5.756/103.596
=0.05556199

ROA (Last Year)=Net Income/Total Assets (Mar24)
=1.382/113.931
=0.01213015

C3is's return on assets of this year was 0.05556199. C3is's return on assets of last year was 0.01213015. ==> 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.

C3is's current Net Income (TTM) was 5.76. C3is's current Cash Flow from Operations (TTM) was 9.99. ==> 9.99 > 5.76 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=0/98.0046
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/110.965
=0

C3is's gearing of this year was 0. C3is'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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=31.572/3.71
=8.50997305

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=21.072/20.822
=1.01200653

C3is's current ratio of this year was 8.50997305. C3is's current ratio of last year was 1.01200653. ==> 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.

C3is's number of shares in issue this year was 0.05. C3is's number of shares in issue last year was 0.019. ==> 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
=8.581/37.661
=0.22784844

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=8.904/38.175
=0.23324165

C3is's gross margin of this year was 0.22784844. C3is's gross margin of last year was 0.23324165. ==> 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)
=37.661/103.596
=0.3635372

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=38.175/113.931
=0.33507123

C3is's asset turnover of this year was 0.3635372. C3is's asset turnover of last year was 0.33507123. ==> 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+1+1+0+0+1
=7

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

C3is has an F-score of 7. 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 7 mean?
C3is (CISS) has a Piotroski F-Score of 7 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on C3is and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, C3is' Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, C3is ranks #129 out of 979 companies in the Transportation industry, placing it in the top 13.2%.
Is C3is' Piotroski F-Score too high?
C3is' current Piotroski F-Score of 7 is 40% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Transportation industry median Piotroski F-Score is 6.00. C3is' value of 7 is 16.7% above this industry median. Based on the distribution chart, C3is ranks #129 out of 979 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, C3is has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does C3is' Piotroski F-Score compare to RUBI and NCT?
According to the Transportation industry distribution chart, C3is ranks #129 out of 979 companies for Piotroski F-Score. This places C3is in the top 13% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. C3is' value of 7 is 16.7% above this benchmark. Historically, C3is' own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, C3is 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 979 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. C3is's current Piotroski F-Score of 7 is 16.7% 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 C3is and its competitors. For the Transportation industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. C3is's current Piotroski F-Score is 7, which is 40% 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 C3is stock overvalued right now?
C3is (CISS) has a current Piotroski F-Score of 7. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 16.7% above the Transportation industry median of 6.00. C3is' overall GF Score™ is 35/100 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 C3is (CISS), the current Piotroski F-Score is 7 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.

C3is Business Description

Address 331 Kifissias Avenue, Kifissia, Athens, GRC, 14561
C3is Inc is a provider of international seaborne transportation services to dry bulk charterers, including national and private industrial users, commodity producers, and traders. The company owns and operates a fleet of two dry bulk carriers that transport bulk commodities such as iron ore, coal, and grains, and minor bulks such as bauxite, phosphate, and fertilizers.
35GF Score

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