GSIT (GSI Technology) Piotroski F-Score: 4 (As of Jun. 25, 2026) — Near Median


GSIT GSI Technology Inc GSIT
48 GF Score
Price $6.73
GF Value $2.97
Valuation Significantly Overvalued
! 3 Warning Signs
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What is GSI Technology Piotroski F-Score?

GSI Technology GSIT +1.43% 48 Piotroski F-Score is 4 as of Jun. 25, 2026, which is at its 10-year median of 4.00. GuruFocus rates GSIT with a GF Score™ of 48/100 and a GF Value™ of $2.97 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 989 Semiconductors companies, GSI Technology ranks worse than 60.36% on this metric.

The zones of discrimination were as such:

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

GSI Technology has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

GSIT' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 7
Current: 4

During the past 13 years, the highest Piotroski F-Score of GSI Technology was 7. The lowest was 1. And the median was 4.

GSI Technology  (NAS:GSIT) 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.


GSI Technology Piotroski F-Score Related Terms


GSI Technology Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for GSI Technology'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.

GSI Technology Piotroski F-Score Chart

GSI Technology Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 3.00 1.00 2.00 4.00

GSI Technology Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 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 Premium Member Only Premium Member Only 2.00 5.00 6.00 5.00 4.00

GSIT vs QUIK, VLN, ALMU: Piotroski F-Score Comparison

For the Semiconductors subindustry, GSI Technology'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.


GSI Technology Piotroski F-Score vs Semiconductors Industry

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

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


GSIT
48GF Score
GSI Technology Inc GSIT
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was -2.217 + -3.185 + -3.02 + -4.824 = $-13.25 Mil.
Cash Flow from Operations was -1.712 + -0.887 + -7.872 + -5.452 = $-15.92 Mil.
Revenue was 6.283 + 6.444 + 6.076 + 6.319 = $25.12 Mil.
Gross Profit was 3.651 + 3.533 + 3.2 + 3.311 = $13.70 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(43.317 + 50.505 + 51.989 + 98.46 + 97.953) / 5 = $68.4448 Mil.
Total Assets at the begining of this year (Mar25) was $43.32 Mil.
Long-Term Debt & Capital Lease Obligation was $6.98 Mil.
Total Current Assets was $79.19 Mil.
Total Current Liabilities was $9.20 Mil.
Net Income was 1.078 + -5.458 + -4.029 + -2.23 = $-10.64 Mil.

Revenue was 4.671 + 4.55 + 5.414 + 5.883 = $20.52 Mil.
Gross Profit was 2.161 + 1.757 + 2.923 + 3.299 = $10.14 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(42.464 + 52.327 + 47.394 + 44.133 + 43.317) / 5 = $45.927 Mil.
Total Assets at the begining of last year (Mar24) was $42.46 Mil.
Long-Term Debt & Capital Lease Obligation was $8.00 Mil.
Total Current Assets was $23.46 Mil.
Total Current Liabilities was $7.07 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.

GSI Technology's current Net Income (TTM) was -13.25. ==> 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.

GSI Technology's current Cash Flow from Operations (TTM) was -15.92. ==> 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 (Mar25)
=-13.246/43.317
=-0.30579218

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-10.639/42.464
=-0.25054164

GSI Technology's return on assets of this year was -0.30579218. GSI Technology's return on assets of last year was -0.25054164. ==> Last year is higher ==> Score 0.

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.

GSI Technology's current Net Income (TTM) was -13.25. GSI Technology's current Cash Flow from Operations (TTM) was -15.92. ==> -15.92 <= -13.25 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=6.978/68.4448
=0.10195077

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=8.001/45.927
=0.17421125

GSI Technology's gearing of this year was 0.10195077. GSI Technology's gearing of last year was 0.17421125. ==> 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
=79.187/9.196
=8.61102653

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=23.455/7.074
=3.31566299

GSI Technology's current ratio of this year was 8.61102653. GSI Technology's current ratio of last year was 3.31566299. ==> 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.

GSI Technology's number of shares in issue this year was 36.213. GSI Technology's number of shares in issue last year was 25.603. ==> 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
=13.695/25.122
=0.54513972

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=10.14/20.518
=0.49420021

GSI Technology's gross margin of this year was 0.54513972. GSI Technology's gross margin of last year was 0.49420021. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=25.122/43.317
=0.57995706

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=20.518/42.464
=0.48318576

GSI Technology's asset turnover of this year was 0.57995706. GSI Technology's asset turnover of last year was 0.48318576. ==> 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
=0+0+0+0+1+1+0+1+1
=4

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

GSI Technology has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
GSI Technology (GSIT) has a Piotroski F-Score of 4 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on GSI Technology and its competitors. This is near median its historical median of 4.00. Over the past decade, GSI Technology's Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, GSI Technology ranks #597 out of 989 companies in the Semiconductors industry, placing it in the top 60.4%.
Is GSI Technology's Piotroski F-Score too high?
GSI Technology's current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 7.00. The Semiconductors industry median Piotroski F-Score is 5.00. GSI Technology's value of 4 is 20% below this industry median. Based on the distribution chart, GSI Technology ranks #597 out of 989 companies in the Semiconductors industry, which is below the industry midpoint. Overall, GSI Technology has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GSI Technology's Piotroski F-Score compare to QUIK and VLN?
According to the Semiconductors industry distribution chart, GSI Technology ranks #597 out of 989 companies for Piotroski F-Score. This places GSI Technology in the lower half of its industry. The industry median Piotroski F-Score is 5.00. GSI Technology's value of 4 is 20% below this benchmark. Historically, GSI Technology's own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, GSI Technology 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 Semiconductors company?
The median Piotroski F-Score among Semiconductors companies is 5.00, based on 989 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. GSI Technology's current Piotroski F-Score of 4 is 20% 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 GSI Technology and its competitors. For the Semiconductors 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. GSI Technology's current Piotroski F-Score is 4, which is near 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 GSI Technology stock overvalued right now?
Based on GuruFocus' analysis, GSI Technology (GSIT) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.97, compared to a current price of $6.73 — trading 126.4% above its estimated fair value. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Semiconductors industry median of 5.00. GSI Technology's overall GF Score™ is 48/100 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 GSI Technology (GSIT), the current Piotroski F-Score is 4 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 GSI Technology (GSIT) Overvalued in 2026?

Based on GuruFocus' analysis, GSI Technology stock appears to be overvalued. The current stock price of $6.73 is trading 126.4% above its estimated GF Value™ of $2.97. GuruFocus considers GSI Technology to be Significantly Overvalued.

Key valuation signals for GSIT:

  • Piotroski F-Score: 4 (near median its 10-year median of 4.00)
  • GF Value™: $2.97 vs. price of $6.73 (126.4% above fair value)
  • GF Score™: 48/100 with 3 warning signs
  • Industry Position: 20% below the Semiconductors median (#597 of 989)

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


GSI Technology Business Description

Address 1213 Elko Drive, Sunnyvale, CA, USA, 94089
GSI Technology Inc is a provider of semiconductor memory solutions. The company develops and markets high-performance memory products, including Very Fast static random access memory, or SRAM, that are incorporated in high-performance networking and telecommunications equipment, such as routers, switches, wide area network infrastructure equipment, wireless base stations, and network access equipment. It sells these products to original equipment manufacturers and customers including Nokia. In addition, it serves the ongoing needs of the military, aerospace, industrial, test and measurement equipment, and automotive and medical markets for high-performance SRAMs. It operates geographically in China, Singapore, the Netherlands, Germany, Rest of the world, and the United States.
48GF Score

Get the complete analysis for GSIT

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

$6.73
Price
$2.97
GF Value