IOTR (iOThree) Piotroski F-Score: 5 (As of Jun. 26, 2026) — 25% Above Median


IOTR iOThree Ltd IOTR
18 GF Score
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What is iOThree Piotroski F-Score?

iOThree IOTR -4.43% 18 Piotroski F-Score is 5 as of Jun. 26, 2026, which is 25% above its 10-year median of 4.00. GuruFocus rates IOTR with a GF Score™ of 18/100. Among 359 Telecommunication Services companies, iOThree ranks worse than 51.53% 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

iOThree has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

IOTR' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 5
Current: 5

During the past 4 years, the highest Piotroski F-Score of iOThree was 5. The lowest was 3. And the median was 4.

iOThree  (NAS:IOTR) 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.


iOThree Piotroski F-Score Related Terms


iOThree Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for iOThree'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.

iOThree Piotroski F-Score Chart

iOThree Annual Data
Trend Mar22 Mar23 Mar24 Mar25
Piotroski F-Score
N/A N/A 3.00 5.00

iOThree Semi-Annual Data
Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
Piotroski F-Score Get a 7-Day Free Trial 0.00 3.00 0.00 5.00 0.00

IOTR vs KTEL, IQST, ATGN: Piotroski F-Score Comparison

For the Telecom Services subindustry, iOThree'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.


iOThree Piotroski F-Score vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, iOThree's Piotroski F-Score distribution charts can be found below:

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


IOTR
18GF Score
iOThree Ltd IOTR
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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was $-0.23 Mil.
Cash Flow from Operations was $0.49 Mil.
Revenue was $10.48 Mil.
Gross Profit was $1.86 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was (5.853 + 5.667) / 2 = $5.76 Mil.
Total Assets at the begining of this year (Mar24) was $5.85 Mil.
Long-Term Debt & Capital Lease Obligation was $0.25 Mil.
Total Current Assets was $4.13 Mil.
Total Current Liabilities was $3.67 Mil.
Net Income was $-0.00 Mil.

Revenue was $8.57 Mil.
Gross Profit was $1.85 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was (5.039 + 5.853) / 2 = $5.446 Mil.
Total Assets at the begining of last year (Mar23) was $5.04 Mil.
Long-Term Debt & Capital Lease Obligation was $0.37 Mil.
Total Current Assets was $4.44 Mil.
Total Current Liabilities was $3.51 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.

iOThree's current Net Income (TTM) was -0.23. ==> 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.

iOThree's current Cash Flow from Operations (TTM) was 0.49. ==> 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 (Mar24)
=-0.231/5.853
=-0.03946694

ROA (Last Year)=Net Income/Total Assets (Mar23)
=-0.004/5.039
=-0.00079381

iOThree's return on assets of this year was -0.03946694. iOThree's return on assets of last year was -0.00079381. ==> 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.

iOThree's current Net Income (TTM) was -0.23. iOThree's current Cash Flow from Operations (TTM) was 0.49. ==> 0.49 > -0.23 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0.253/5.76
=0.04392361

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=0.371/5.446
=0.06812339

iOThree's gearing of this year was 0.04392361. iOThree's gearing of last year was 0.06812339. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=4.13/3.668
=1.1259542

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=4.435/3.506
=1.26497433

iOThree's current ratio of this year was 1.1259542. iOThree's current ratio of last year was 1.26497433. ==> 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.

iOThree's number of shares in issue this year was 2.565. iOThree's number of shares in issue last year was 3.067. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

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
=1.864/10.479
=0.17787957

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1.846/8.57
=0.21540257

iOThree's gross margin of this year was 0.17787957. iOThree's gross margin of last year was 0.21540257. ==> 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 (Mar24)
=10.479/5.853
=1.79036392

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=8.57/5.039
=1.70073427

iOThree's asset turnover of this year was 1.79036392. iOThree's asset turnover of last year was 1.70073427. ==> 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+1+0+1+1+0+1+0+1
=5

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

iOThree has an F-score of 5 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 5 mean?
iOThree (IOTR) has a Piotroski F-Score of 5 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on iOThree and its competitors. This is 25% above median its historical median of 4.00. Over the past decade, iOThree's Piotroski F-Score has ranged from 3.00 to 5.00. According to the industry distribution chart, iOThree ranks #185 out of 359 companies in the Telecommunication Services industry, placing it in the top 51.5%.
Is iOThree's Piotroski F-Score too high?
iOThree's current Piotroski F-Score of 5 is 25% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 5.00. The Telecommunication Services industry median Piotroski F-Score is 6.00. iOThree's value of 5 is 16.7% below this industry median. Based on the distribution chart, iOThree ranks #185 out of 359 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, iOThree has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does iOThree's Piotroski F-Score compare to KTEL and IQST?
According to the Telecommunication Services industry distribution chart, iOThree ranks #185 out of 359 companies for Piotroski F-Score. This places iOThree in the lower half of its industry. The industry median Piotroski F-Score is 6.00. iOThree's value of 5 is 16.7% below this benchmark. Historically, iOThree's own Piotroski F-Score has ranged from 3.00 to 5.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 6.00, iOThree 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 Telecommunication Services company?
The median Piotroski F-Score among Telecommunication Services companies is 6.00, based on 359 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. iOThree's current Piotroski F-Score of 5 is 16.7% 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 iOThree and its competitors. For the Telecommunication Services 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. iOThree's current Piotroski F-Score is 5, which is 25% 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 iOThree stock overvalued right now?
iOThree (IOTR) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is 25% above median its 10-year median of 4.00 and 16.7% below the Telecommunication Services industry median of 6.00. iOThree's overall GF Score™ is 18/100. 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 iOThree (IOTR), the current Piotroski F-Score is 5 as of Jun. 26, 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.

iOThree Business Description

Address 140 Paya Lebar Road, No. 07-02, AZ at Paya Lebar, Singapore, SGP, 409015
Website https://io3.sg
iOThree Ltd is a provider of maritime digital technologies, including satellite connectivity and digitalization solutions in Singapore, focused on facilitating the maritime industry towards digital transformation. It offers shipboard infrastructure to customers by designing and installing the necessary satellite connectivity solution, IT equipment, shipboard equipment (such as equipment relating to navigation systems, automatic identification system, etc.), and JARVISS, a digitalization platform on the vessels of customers. The group's operating segments are: Satellite connectivity solution, which generates key revenue, and Digitalization and other solution. Geographically, it generates maximum revenue from Singapore, and rest from Israel, Malaysia, Vietnam, Thailand, and other regions.
18GF Score

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