CSYJY (CSE Global) Piotroski F-Score: 3 (As of Jun. 25, 2026) — 50% Below Median


CSYJY CSE Global Ltd CSYJY
72 GF Score
Price $11.59
GF Value $1.89
Valuation Significantly Overvalued
! 6 Warning Signs
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What is CSE Global Piotroski F-Score?

CSE Global CSYJY +240.88% 72 Piotroski F-Score is 3 as of Jun. 25, 2026, which is 50% below its 10-year median of 6.00. GuruFocus rates CSYJY with a GF Score™ of 72/100 and a GF Value™ of $1.89 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,742 Software companies, CSE Global ranks worse than 78.85% on this metric.

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

CSE Global has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

CSYJY' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 3

During the past 13 years, the highest Piotroski F-Score of CSE Global was 8. The lowest was 3. And the median was 6.

CSE Global  (OTCPK:CSYJY) 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.


CSE Global Piotroski F-Score Related Terms


CSE Global Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for CSE Global'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.

CSE Global Piotroski F-Score Chart

CSE Global 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 4.00 5.00 7.00 6.00 3.00

CSE Global 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 7.00 0.00 6.00 0.00 3.00

CSYJY vs IBM, ACN, FISV: Piotroski F-Score Comparison

For the Information Technology Services subindustry, CSE Global'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.


CSE Global Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, CSE Global's Piotroski F-Score distribution charts can be found below:

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


CSYJY
72GF Score
CSE Global Ltd CSYJY
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was $29.0 Mil.
Cash Flow from Operations was $-52.1 Mil.
Revenue was $750.7 Mil.
Gross Profit was $202.9 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (468.477 + 586.92) / 2 = $527.6985 Mil.
Total Assets at the begining of this year (Dec24) was $468.5 Mil.
Long-Term Debt & Capital Lease Obligation was $37.8 Mil.
Total Current Assets was $391.3 Mil.
Total Current Liabilities was $330.4 Mil.
Net Income was $19.5 Mil.

Revenue was $637.7 Mil.
Gross Profit was $178.6 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (449.192 + 468.477) / 2 = $458.8345 Mil.
Total Assets at the begining of last year (Dec23) was $449.2 Mil.
Long-Term Debt & Capital Lease Obligation was $26.3 Mil.
Total Current Assets was $325.6 Mil.
Total Current Liabilities was $246.5 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.

CSE Global's current Net Income (TTM) was 29.0. ==> 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.

CSE Global's current Cash Flow from Operations (TTM) was -52.1. ==> Negative ==> Score 0.

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)
=29.048/468.477
=0.06200518

ROA (Last Year)=Net Income/Total Assets (Dec23)
=19.509/449.192
=0.04343132

CSE Global's return on assets of this year was 0.06200518. CSE Global's return on assets of last year was 0.04343132. ==> 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.

CSE Global's current Net Income (TTM) was 29.0. CSE Global's current Cash Flow from Operations (TTM) was -52.1. ==> -52.1 <= 29.0 ==> 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
=37.833/527.6985
=0.07169435

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=26.326/458.8345
=0.05737581

CSE Global's gearing of this year was 0.07169435. CSE Global's gearing of last year was 0.05737581. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=391.25/330.364
=1.18429974

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=325.638/246.519
=1.32094484

CSE Global's current ratio of this year was 1.18429974. CSE Global's current ratio of last year was 1.32094484. ==> 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.

CSE Global's number of shares in issue this year was 71.345. CSE Global's number of shares in issue last year was 67.458. ==> 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
=202.923/750.693
=0.27031423

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=178.583/637.717
=0.28003487

CSE Global's gross margin of this year was 0.27031423. CSE Global's gross margin of last year was 0.28003487. ==> 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 (Dec24)
=750.693/468.477
=1.60241164

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=637.717/449.192
=1.41969804

CSE Global's asset turnover of this year was 1.60241164. CSE Global's asset turnover of last year was 1.41969804. ==> 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+0+1+0+0+0+0+0+1
=3

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

CSE Global has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
CSE Global (CSYJY) has a Piotroski F-Score of 3 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on CSE Global and its competitors. This is 50% below median its historical median of 6.00. Over the past decade, CSE Global's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, CSE Global ranks #2162 out of 2742 companies in the Software industry, placing it in the top 78.8%.
Is CSE Global's Piotroski F-Score too high?
CSE Global's current Piotroski F-Score of 3 is 50% 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 8.00. The Software industry median Piotroski F-Score is 5.00. CSE Global's value of 3 is 40% below this industry median. Based on the distribution chart, CSE Global ranks #2162 out of 2742 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, CSE Global has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CSE Global's Piotroski F-Score compare to IBM and ACN?
According to the Software industry distribution chart, CSE Global ranks #2162 out of 2742 companies for Piotroski F-Score. This places CSE Global in the lower half of its industry. The industry median Piotroski F-Score is 5.00. CSE Global's value of 3 is 40% below this benchmark. Historically, CSE Global's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, CSE Global has consistently been below 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,742 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. CSE Global's current Piotroski F-Score of 3 is 40% below 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 CSE Global and its competitors. For the Software 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. CSE Global's current Piotroski F-Score is 3, which is 50% 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 CSE Global stock overvalued right now?
Based on GuruFocus' analysis, CSE Global (CSYJY) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.89, compared to a current price of $11.59 — trading 513.2% above its estimated fair value. The current Piotroski F-Score is 3, which is 50% below median its 10-year median of 6.00 and 40% below the Software industry median of 5.00. CSE Global's overall GF Score™ is 72/100 with 6 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 CSE Global (CSYJY), the current Piotroski F-Score is 3 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 CSE Global (CSYJY) Overvalued in 2026?

Based on GuruFocus' analysis, CSE Global stock appears to be overvalued. The current stock price of $11.59 is trading 513.2% above its estimated GF Value™ of $1.89. GuruFocus considers CSE Global to be Significantly Overvalued.

Key valuation signals for CSYJY:

  • Piotroski F-Score: 3 (50% below median its 10-year median of 6.00)
  • GF Value™: $1.89 vs. price of $11.59 (513.2% above fair value)
  • GF Score™: 72/100 with 6 warning signs
  • Industry Position: 40% below the Software median (#2162 of 2742)

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


CSE Global Business Description

Address 202 Bedok South Avenue 1, Building C, No. 01-21, Singapore, SGP, 469332
CSE Global Ltd is an international technology company. It is engaged in the provision of total integrated industrial automation, information technology, and intelligent transport solutions and investment holding. The company provides network and security solutions, targeting the Mining, Infrastructure, Oil, and Gas industries. The company has segments, namely Electrification, Communications, and Automation, out of which it derives maximum revenue from the Electrification segment. The geographical regions of the company are the Americas, Asia Pacific, and EMEA.
72GF Score

Get the complete analysis for CSYJY

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

$11.59
Price
$1.89
GF Value