Service Industries (KAR:SRVI) Piotroski F-Score: 7 (As of Jun. 30, 2026) — 40% Above Median


KAR:SRVI Service Industries Ltd KAR:SRVI
90 GF Score
Price ₨2,342.10
GF Value ₨1,454.87
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Service Industries Piotroski F-Score?

Service Industries KAR:SRVI -0.64% 90 Piotroski F-Score is 7 as of Jun. 30, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates KAR:SRVI with a GF Score™ of 90/100 and a GF Value™ of ₨1,454.87 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,286 Vehicles & Parts companies, Service Industries ranks better than 89.04% 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

Service Industries 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 Service Industries's Piotroski F-Score or its related term are showing as below:

KAR:SRVI' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Service Industries was 9. The lowest was 1. And the median was 5.

Service Industries  (KAR:SRVI) 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.


Service Industries Piotroski F-Score Related Terms


Service Industries Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Service Industries'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.

Service Industries Piotroski F-Score Chart

Service Industries 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 1.00 2.00 9.00 8.00 7.00

Service Industries 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 5.00 8.00 5.00 7.00 7.00

KAR:SRVI vs ORLY, AZO, GPC: Piotroski F-Score Comparison

For the Auto Parts subindustry, Service Industries'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.


Service Industries Piotroski F-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Service Industries's Piotroski F-Score distribution charts can be found below:

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


KAR:SRVI
90GF Score
Service Industries Ltd KAR:SRVI
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 3306.558 + 2359.195 + 1840.745 + 3015.161 = ₨10,522 Mil.
Cash Flow from Operations was 10256.491 + -1001.54 + 9544.71 + 4488.383 = ₨23,288 Mil.
Revenue was 37772.725 + 38783.713 + 39373.441 + 42237.754 = ₨158,168 Mil.
Gross Profit was 8412.128 + 9221.028 + 9991.084 + 11428.291 = ₨39,053 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(112196.568 + 114810.702 + 119634.804 + 136807.603 + 122398.98) / 5 = ₨121169.7314 Mil.
Total Assets at the begining of this year (Mar25) was ₨112,197 Mil.
Long-Term Debt & Capital Lease Obligation was ₨19,403 Mil.
Total Current Assets was ₨66,371 Mil.
Total Current Liabilities was ₨55,512 Mil.
Net Income was 1413.994 + 815.039 + 696.414 + 1249.81 = ₨4,175 Mil.

Revenue was 31597.074 + 31331.57 + 32644.916 + 32519.48 = ₨128,093 Mil.
Gross Profit was 8294.128 + 7602.852 + 7667.526 + 7432.592 = ₨30,997 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(86531.928 + 92477.721 + 98335.309 + 110618.57 + 112196.568) / 5 = ₨100032.0192 Mil.
Total Assets at the begining of last year (Mar24) was ₨86,532 Mil.
Long-Term Debt & Capital Lease Obligation was ₨23,849 Mil.
Total Current Assets was ₨60,451 Mil.
Total Current Liabilities was ₨56,058 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.

Service Industries's current Net Income (TTM) was 10,522. ==> 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.

Service Industries's current Cash Flow from Operations (TTM) was 23,288. ==> 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 (Mar25)
=10521.659/112196.568
=0.0937788

ROA (Last Year)=Net Income/Total Assets (Mar24)
=4175.257/86531.928
=0.04825106

Service Industries's return on assets of this year was 0.0937788. Service Industries's return on assets of last year was 0.04825106. ==> 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.

Service Industries's current Net Income (TTM) was 10,522. Service Industries's current Cash Flow from Operations (TTM) was 23,288. ==> 23,288 > 10,522 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=19403.475/121169.7314
=0.16013467

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=23848.654/100032.0192
=0.2384102

Service Industries's gearing of this year was 0.16013467. Service Industries's gearing of last year was 0.2384102. ==> 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
=66371.214/55511.684
=1.19562602

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=60450.939/56057.689
=1.07837016

Service Industries's current ratio of this year was 1.19562602. Service Industries's current ratio of last year was 1.07837016. ==> 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.

Service Industries's number of shares in issue this year was 46.987. Service Industries's number of shares in issue last year was 46.985. ==> 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
=39052.531/158167.633
=0.24690596

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=30997.098/128093.04
=0.24198893

Service Industries's gross margin of this year was 0.24690596. Service Industries's gross margin of last year was 0.24198893. ==> 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)
=158167.633/112196.568
=1.40973682

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=128093.04/86531.928
=1.480298

Service Industries's asset turnover of this year was 1.40973682. Service Industries's asset turnover of last year was 1.480298. ==> Last year's asset turnover is higher ==> Score 0.

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+1+1+0+1+0
=7

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

Service Industries has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Service Industries (KAR:SRVI) has a Piotroski F-Score of 7 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Service Industries and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, Service Industries' Piotroski F-Score has ranged from 1.00 to 9.00. According to the industry distribution chart, Service Industries ranks #141 out of 1286 companies in the Vehicles & Parts industry, placing it in the top 11%.
Is Service Industries' Piotroski F-Score too high?
Service Industries' 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 1.00 to a high of 9.00. The Vehicles & Parts industry median Piotroski F-Score is 5.00. Service Industries' value of 7 is 40% above this industry median. Based on the distribution chart, Service Industries ranks #141 out of 1286 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Service Industries has a GF Score™ of 90/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Service Industries' Piotroski F-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Service Industries ranks #141 out of 1286 companies for Piotroski F-Score. This places Service Industries in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Service Industries' value of 7 is 40% above this benchmark. Historically, Service Industries' own Piotroski F-Score has ranged from 1.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Service Industries 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 Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 5.00, based on 1,286 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. Service Industries's current Piotroski F-Score of 7 is 40% 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 Service Industries and its competitors. For the Vehicles & Parts 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. Service Industries'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 Service Industries stock overvalued right now?
Based on GuruFocus' analysis, Service Industries (KAR:SRVI) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨1,454.87, compared to a current price of ₨2,342.10 — trading 61% 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 40% above the Vehicles & Parts industry median of 5.00. Service Industries' overall GF Score™ is 90/100 with 6 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 Service Industries (KAR:SRVI), the current Piotroski F-Score is 7 as of Jun. 30, 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 Service Industries (KAR:SRVI) Overvalued in 2026?

Based on GuruFocus' analysis, Service Industries stock appears to be overvalued. The current stock price of ₨2,342.10 is trading 61% above its estimated GF Value™ of ₨1,454.87. GuruFocus considers Service Industries to be Significantly Overvalued.

Key valuation signals for KAR:SRVI:

  • Piotroski F-Score: 7 (40% above median its 10-year median of 5.00)
  • GF Value™: ₨1,454.87 vs. price of ₨2,342.10 (61% above fair value)
  • GF Score™: 90/100 with 6 warning signs
  • Industry Position: 40% above the Vehicles & Parts median (#141 of 1286)

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


Service Industries Business Description

Address Servis House, 2 Main Gulberg, Lahore, PAK, 54662
Service Industries Ltd manufactures and sells footwear, tyres, tubes, and technical rubber products. The company's reportable segments are Footwear which includes the purchase, manufacturing and sale of different qualities of footwear, Tyres which includes the manufacturing of different qualities of tyres and tubes, and Others, which includes the manufacturing of different qualities of rubber products on specifications and trading and manufacturing of spare parts of automobiles. The company generates a majority of its revenues from the Tyre division. Geographically, the company derives a majority of its revenue from Pakistan and the rest from Europe, Asia, North America, Australia and other regions.
90GF Score

Get the complete analysis for KAR:SRVI

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

₨2,342.10
Price
₨1,454.87
GF Value