Stadio Holdings (JSE:SDO) Piotroski F-Score: 5 (As of Jul. 15, 2026) — Near Median

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JSE:SDO Stadio Holdings Ltd JSE:SDO
71 GF Score
Price R13.22
GF Value R7.99
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Stadio Holdings Piotroski F-Score?

Stadio Holdings JSE:SDO +3.36% 71 Piotroski F-Score is 5 as of Jul. 15, 2026, which is at its 10-year median of 5.00. GuruFocus rates JSE:SDO with a GF Score™ of 71/100 and a GF Value™ of R7.99 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 250 Education companies, Stadio Holdings ranks better than 52.4% 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

Stadio Holdings 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 Stadio Holdings's Piotroski F-Score or its related term are showing as below:

JSE:SDO' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 8
Current: 5

During the past 12 years, the highest Piotroski F-Score of Stadio Holdings was 8. The lowest was 1. And the median was 5.

Stadio Holdings  (JSE:SDO) 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.


Stadio Holdings Piotroski F-Score Related Terms


Stadio Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Stadio Holdings'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.

Stadio Holdings Piotroski F-Score Chart

Stadio Holdings 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 6.00 7.00 7.00 8.00 5.00

Stadio Holdings Semi-Annual Data
Dec15 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 8.00 0.00 5.00

JSE:SDO vs EDU, TAL, LAUR: Piotroski F-Score Comparison

For the Education & Training Services subindustry, Stadio Holdings'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.


Stadio Holdings Piotroski F-Score vs Education Industry

For the Education industry and Consumer Defensive sector, Stadio Holdings's Piotroski F-Score distribution charts can be found below:

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


JSE:SDO
71GF Score
Stadio Holdings Ltd JSE:SDO
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 R328 Mil.
Cash Flow from Operations was R431 Mil.
Revenue was R1,841 Mil.
Gross Profit was R1,841 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (2389.319 + 2674.638) / 2 = R2531.9785 Mil.
Total Assets at the begining of this year (Dec24) was R2,389 Mil.
Long-Term Debt & Capital Lease Obligation was R106 Mil.
Total Current Assets was R401 Mil.
Total Current Liabilities was R347 Mil.
Net Income was R262 Mil.

Revenue was R1,612 Mil.
Gross Profit was R1,612 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (2315.988 + 2389.319) / 2 = R2352.6535 Mil.
Total Assets at the begining of last year (Dec23) was R2,316 Mil.
Long-Term Debt & Capital Lease Obligation was R80 Mil.
Total Current Assets was R380 Mil.
Total Current Liabilities was R220 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.

Stadio Holdings's current Net Income (TTM) was 328. ==> 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.

Stadio Holdings's current Cash Flow from Operations (TTM) was 431. ==> 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 (Dec24)
=327.54/2389.319
=0.13708509

ROA (Last Year)=Net Income/Total Assets (Dec23)
=261.939/2315.988
=0.11310033

Stadio Holdings's return on assets of this year was 0.13708509. Stadio Holdings's return on assets of last year was 0.11310033. ==> 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.

Stadio Holdings's current Net Income (TTM) was 328. Stadio Holdings's current Cash Flow from Operations (TTM) was 431. ==> 431 > 328 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=106.385/2531.9785
=0.04201655

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=80.181/2352.6535
=0.03408109

Stadio Holdings's gearing of this year was 0.04201655. Stadio Holdings's gearing of last year was 0.03408109. ==> 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
=401.29/347.407
=1.1551005

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=379.816/219.834
=1.72774002

Stadio Holdings's current ratio of this year was 1.1551005. Stadio Holdings's current ratio of last year was 1.72774002. ==> 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.

Stadio Holdings's number of shares in issue this year was 862.367. Stadio Holdings's number of shares in issue last year was 858.195. ==> 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
=1840.997/1840.997
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1611.665/1611.665
=1

Stadio Holdings's gross margin of this year was 1. Stadio Holdings's gross margin of last year was 1. ==> 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)
=1840.997/2389.319
=0.77051118

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1611.665/2315.988
=0.69588659

Stadio Holdings's asset turnover of this year was 0.77051118. Stadio Holdings's asset turnover of last year was 0.69588659. ==> 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+1+1+1+0+0+0+0+1
=5

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

Stadio Holdings 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?
Stadio Holdings (JSE:SDO) has a Piotroski F-Score of 5 as of Jul. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Stadio Holdings and its competitors. This is near median its historical median of 5.00. Over the past decade, Stadio Holdings' Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Stadio Holdings ranks #119 out of 250 companies in the Education industry, placing it in the top 47.6%.
Is Stadio Holdings' Piotroski F-Score too high?
Stadio Holdings' current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Education industry median Piotroski F-Score is 5.00. Stadio Holdings' value of 5 is 0% at this industry median. Based on the distribution chart, Stadio Holdings ranks #119 out of 250 companies in the Education industry, which is above the industry midpoint. Overall, Stadio Holdings has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Stadio Holdings' Piotroski F-Score compare to EDU and TAL?
According to the Education industry distribution chart, Stadio Holdings ranks #119 out of 250 companies for Piotroski F-Score. This puts Stadio Holdings in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Stadio Holdings' value of 5 is 0% at this benchmark. Historically, Stadio Holdings' own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Stadio Holdings has consistently been at 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 an Education company?
The median Piotroski F-Score among Education companies is 5.00, based on 250 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. Stadio Holdings's current Piotroski F-Score of 5 is 0% at 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 Stadio Holdings and its competitors. For the Education 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. Stadio Holdings's current Piotroski F-Score is 5, which is near 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 Stadio Holdings stock overvalued right now?
Based on GuruFocus' analysis, Stadio Holdings (JSE:SDO) is currently considered Significantly Overvalued. The stock's GF Value™ is R7.99, compared to a current price of R13.22 — trading 65.5% above its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Education industry median of 5.00. Stadio Holdings' overall GF Score™ is 71/100 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 Stadio Holdings (JSE:SDO), the current Piotroski F-Score is 5 as of Jul. 15, 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 Stadio Holdings (JSE:SDO) Overvalued in 2026?

Based on GuruFocus' analysis, Stadio Holdings stock appears to be overvalued. The current stock price of R13.22 is trading 65.5% above its estimated GF Value™ of R7.99. GuruFocus considers Stadio Holdings to be Significantly Overvalued.

Key valuation signals for JSE:SDO:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: R7.99 vs. price of R13.22 (65.5% above fair value)
  • GF Score™: 71/100 with 3 warning signs
  • Industry Position: 0% at the Education median (#119 of 250)

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


Stadio Holdings Business Description

Address c/o Queen and Oxford Streets, Office 101, The Village Square, Durbanville, Cape town, WC, ZAF, 7550
Stadio Holdings Ltd facilitates the widening of access to quality and relevant higher education programmes in Southern Africa through its three prestigious higher education institutions, namely STADIO Higher Education, AFDA and Milpark Education. The institutions offer a diverse range of undergraduate and postgraduate programmes via the contact learning and distance learning modes of delivery. Geographically it operates in South Africa and Namibia with the majority of the revenue deriving from South Africa.
71GF Score

Get the complete analysis for JSE:SDO

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

R13.22
Price
R7.99
GF Value