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Ardmore ShippingFRA:A61 -3.88%75 Piotroski F-Score is 7 as of Aug. 07, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates FRA:A61 with a GF Score™ of 75/100 and a GF Value™ of €11.06 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 980 Transportation companies, Ardmore Shipping ranks better than 86.94% 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
Ardmore Shipping 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 Ardmore Shipping's Piotroski F-Score or its related term are showing as below:
FRA:A61'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 9
Current: 7
During the past 13 years, the highest Piotroski F-Score of Ardmore Shipping was 9. The lowest was 2. And the median was 5.
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.
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.
Ardmore Shipping Piotroski F-Score Related Terms
Ardmore Shipping Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Ardmore Shipping'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.
FRA:A61 vs SB, ESEA, PANL: Piotroski F-Score Comparison
For the Marine Shipping subindustry, Ardmore Shipping'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.
Ardmore Shipping Piotroski F-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Ardmore Shipping's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Ardmore Shipping's Piotroski F-Score falls into.
* 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.
*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.
Ardmore Shipping's current Net Income (TTM) was 94.4.
==> 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.
Ardmore Shipping's return on assets of this year was 0.15467928. Ardmore Shipping's return on assets of last year was 0.06162798.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Ardmore Shipping's gearing of this year was 0.04526453. Ardmore Shipping's gearing of last year was 0.03531305.
==> 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
Ardmore Shipping's current ratio of this year was 5.44766766. Ardmore Shipping's current ratio of last year was 3.88300649.
==> 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.
Ardmore Shipping's number of shares in issue this year was 40.965. Ardmore Shipping's number of shares in issue last year was 40.69.
==> 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.
Ardmore Shipping's gross margin of this year was 0.38411154. Ardmore Shipping's gross margin of last year was 0.30342832.
==> 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
Ardmore Shipping's asset turnover of this year was 0.51940558. Ardmore Shipping's asset turnover of last year was 0.42918795.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Ardmore Shipping has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Ardmore Shipping (FRA:A61) has a Piotroski F-Score of 7 as of Aug. 07, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Ardmore Shipping and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, Ardmore Shipping's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Ardmore Shipping ranks #128 out of 980 companies in the Transportation industry, placing it in the top 13.1%.
Is Ardmore Shipping's Piotroski F-Score too high?
Ardmore Shipping's 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 2.00 to a high of 9.00. The Transportation industry median Piotroski F-Score is 6.00. Ardmore Shipping's value of 7 is 16.7% above this industry median. Based on the distribution chart, Ardmore Shipping ranks #128 out of 980 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Ardmore Shipping has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ardmore Shipping's Piotroski F-Score compare to SB and ESEA?
According to the Transportation industry distribution chart, Ardmore Shipping ranks #128 out of 980 companies for Piotroski F-Score. This places Ardmore Shipping in the top 13% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Ardmore Shipping's value of 7 is 16.7% above this benchmark. Historically, Ardmore Shipping's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Ardmore Shipping 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 980 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. Ardmore Shipping'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 Ardmore Shipping 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. Ardmore Shipping'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 Ardmore Shipping stock overvalued right now?
Based on GuruFocus' analysis, Ardmore Shipping (FRA:A61) is currently considered Modestly Overvalued. The stock's GF Value™ is €11.06, compared to a current price of €14.12 — trading 27.7% above its estimated fair value. 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. Ardmore Shipping's overall GF Score™ is 75/100 with 3 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 Ardmore Shipping (FRA:A61), the current Piotroski F-Score is 7 as of Aug. 07, 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 Ardmore Shipping (FRA:A61) Overvalued in 2026?
Based on GuruFocus' analysis, Ardmore Shipping stock appears to be overvalued.
The current stock price of €14.12 is trading 27.7% above its estimated GF Value™ of €11.06.
GuruFocus considers Ardmore Shipping to be Modestly Overvalued.
Key valuation signals for FRA:A61:
Piotroski F-Score: 7 (40% above median its 10-year median of 5.00)
GF Value™: €11.06 vs. price of €14.12 (27.7% above fair value)
Industry Position: 16.7% above the Transportation median (#128 of 980)
No single metric tells the full story. See the FRA:A61 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ardmore Shipping Corp provides seaborne transportation of petroleum products and chemicals world-wide to oil majors, national oil companies, oil and chemical traders, and chemical companies, with its modern, fuel-efficient fleet of mid-size product and chemical tankers. The company markets its services directly to its customers and commercial pool operators and charters its vessels to them through a combination of spot, commercial pooling, and time-charter arrangements. The majority of its revenue is generated from spot voyages, which typically last less than three months.
75GF Score
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