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.
Synchronoss Technologies Piotroski F-Score Related Terms
Synchronoss Technologies Piotroski F-Score Historical Data
* 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:H6K0 vs BCRD, WHEN, HPAI: Piotroski F-Score Comparison
For the Software - Infrastructure subindustry, Synchronoss Technologies'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.
Synchronoss Technologies Piotroski F-Score vs Software Industry
For the Software industry and Technology sector, Synchronoss Technologies's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Synchronoss Technologies'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.
Synchronoss Technologies's current Net Income (TTM) was -8.0.
==> Negative ==> Score 0.
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.
Synchronoss Technologies's current Cash Flow from Operations (TTM) was 48.3.
==> 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.
Synchronoss Technologies's return on assets of this year was -0.02977839. Synchronoss Technologies's return on assets of last year was -0.09219946.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Synchronoss Technologies's gearing of this year was 0.56297359. Synchronoss Technologies's gearing of last year was 0.63386395.
==> 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
Synchronoss Technologies's current ratio of this year was 1.53221338. Synchronoss Technologies's current ratio of last year was 1.87569112.
==> 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.
Synchronoss Technologies's number of shares in issue this year was 11.473. Synchronoss Technologies's number of shares in issue last year was 10.095.
==> 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.
Synchronoss Technologies's gross margin of this year was 0.79080104. Synchronoss Technologies's gross margin of last year was 0.76630029.
==> 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
Synchronoss Technologies's asset turnover of this year was 0.56989275. Synchronoss Technologies's asset turnover of last year was 0.46262827.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Que. 1
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0
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1
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1
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Synchronoss Technologies has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Synchronoss Technologies (FRA:H6K0) has a Piotroski F-Score of 6 as of Jul. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Synchronoss Technologies and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, Synchronoss Technologies' Piotroski F-Score has ranged from 2.00 to 7.00.
Is Synchronoss Technologies' Piotroski F-Score too high?
Synchronoss Technologies' current Piotroski F-Score of 6 is 50% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Software industry median Piotroski F-Score is 5.00. Synchronoss Technologies' value of 6 is 20% above this industry median. Overall, Synchronoss Technologies has a GF Score™ of 45/100, reflecting its overall financial health beyond just this single metric.
How does Synchronoss Technologies' Piotroski F-Score compare to BCRD and WHEN?
Synchronoss Technologies' Piotroski F-Score of 6 can be compared against companies in the Software industry. The industry median Piotroski F-Score is 5.00. Synchronoss Technologies' value of 6 is 20% above this benchmark. Historically, Synchronoss Technologies' own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Synchronoss Technologies 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 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. Synchronoss Technologies's current Piotroski F-Score of 6 is 20% 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 Synchronoss Technologies 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. Synchronoss Technologies's current Piotroski F-Score is 6, which is 50% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Synchronoss Technologies stock overvalued right now?
Synchronoss Technologies (FRA:H6K0) has a current Piotroski F-Score of 6. The stock's GF Value™ is €6.49, compared to a current price of €7.45 — trading 14.8% above its estimated fair value. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 20% above the Software industry median of 5.00. Synchronoss Technologies' overall GF Score™ is 45/100 with 7 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 Synchronoss Technologies (FRA:H6K0), the current Piotroski F-Score is 6 as of Jul. 03, 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 Synchronoss Technologies (FRA:H6K0) Overvalued in 2026?
Based on GuruFocus' analysis, Synchronoss Technologies stock appears to be overvalued.
The current stock price of €7.45 is trading 14.8% above its estimated GF Value™ of €6.49.
Key valuation signals for FRA:H6K0:
Piotroski F-Score: 6 (50% above median its 10-year median of 4.00)
GF Value™: €6.49 vs. price of €7.45 (14.8% above fair value)
No single metric tells the full story. See the FRA:H6K0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Synchronoss Technologies Inc is a provider of white-label cloud, messaging, digital and network management solutions that enable its customers to keep subscribers, systems, networks and content in sync. The Synchronoss Personal CloudTM solution is designed to create an engaging and trusted customer experience through ongoing content management and engagement. The Synchronoss Personal CloudTM platform is a secure and scalable, white-label platform that allows its customers' subscribers to backup and protect, engage with, and manage their personal content. The company derives revenue from subscriptions and transaction-based fees. A majority of the firm's revenue is generated in the United States, and the rest is from countries across the world.
45GF Score
Get the complete analysis for FRA:H6K0
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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