Lake Shore BancorpLSBK +0.12%63 Piotroski F-Score is 9 as of Jun. 24, 2026, which is 50% above its 10-year median of 6.00. GuruFocus rates LSBK with a GF Score™ of 63/100 and a GF Value™ of $14.04 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,498 Banks companies, Lake Shore Bancorp ranks better than 99.93% on this metric.
Good Sign:
Piotroski F-Score is 9, 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
Lake Shore Bancorp has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Lake Shore Bancorp's Piotroski F-Score or its related term are showing as below:
LSBK'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 9
Current: 9
During the past 13 years, the highest Piotroski F-Score of Lake Shore Bancorp was 9. The lowest was 3. And the median was 6.
Lake Shore Bancorp (NAS:LSBK) 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.
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.
Lake Shore Bancorp Piotroski F-Score Related Terms
Lake Shore Bancorp Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Lake Shore Bancorp'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.
LSBK vs BBNA, CCNB, FMBM: Piotroski F-Score Comparison
For the Banks - Regional subindustry, Lake Shore Bancorp'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.
Lake Shore Bancorp Piotroski F-Score vs Banks Industry
For the Banks industry and Financial Services sector, Lake Shore Bancorp's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Lake Shore Bancorp'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.
Net Income was 1.116 + 1.332 + 1.469 + 1.057 = $4.97 Mil.
Revenue was 5.944 + 6.174 + 6.408 + 6.189 = $24.72 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(717.582 + 711.042 + 697.596 + 685.504 + 688.996) / 5 = $700.144 Mil. Total Assets at the begining of last year (Mar24) was $717.58 Mil. Long-Term Debt & Capital Lease Obligation was $4.00 Mil. Total Assets was $689.00 Mil. Total Liabilities was $598.33 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.
Lake Shore Bancorp's current Net Income (TTM) was 8.14.
==> 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.
Lake Shore Bancorp's return on assets of this year was 0.01180704. Lake Shore Bancorp's return on assets of last year was 0.00693161.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Lake Shore Bancorp's gearing of this year was 0. Lake Shore Bancorp's gearing of last year was 0.00571311.
==> 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
* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.
Lake Shore Bancorp's current ratio of this year was 1.24563474. Lake Shore Bancorp's current ratio of last year was 1.15152407.
==> 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.
Lake Shore Bancorp's number of shares in issue this year was 7.365. Lake Shore Bancorp's number of shares in issue last year was 7.656.
==> 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.
* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.
Lake Shore Bancorp's net margin of this year was 0.28041088. Lake Shore Bancorp's net margin of last year was 0.2012543.
==> This year's net 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
Lake Shore Bancorp's asset turnover of this year was 0.0421062. Lake Shore Bancorp's asset turnover of last year was 0.03444206.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Lake Shore Bancorp has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.
Lake Shore Bancorp (LSBK) has a Piotroski F-Score of 9 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Lake Shore Bancorp and its competitors. This is 50% above median its historical median of 6.00. Over the past decade, Lake Shore Bancorp's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Lake Shore Bancorp ranks #1 out of 1498 companies in the Banks industry, placing it in the top 0.099999999999994%.
Is Lake Shore Bancorp's Piotroski F-Score too high?
Lake Shore Bancorp's current Piotroski F-Score of 9 is 50% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Banks industry median Piotroski F-Score is 6.00. Lake Shore Bancorp's value of 9 is 50% above this industry median. Based on the distribution chart, Lake Shore Bancorp ranks #1 out of 1498 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Lake Shore Bancorp has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lake Shore Bancorp's Piotroski F-Score compare to BBNA and CCNB?
According to the Banks industry distribution chart, Lake Shore Bancorp ranks #1 out of 1498 companies for Piotroski F-Score. This places Lake Shore Bancorp in the top 0% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Lake Shore Bancorp's value of 9 is 50% above this benchmark. Historically, Lake Shore Bancorp's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Lake Shore Bancorp 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 Banks company?
The median Piotroski F-Score among Banks companies is 6.00, based on 1,498 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. Lake Shore Bancorp's current Piotroski F-Score of 9 is 50% 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 Lake Shore Bancorp and its competitors. For the Banks 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. Lake Shore Bancorp's current Piotroski F-Score is 9, which is 50% above median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lake Shore Bancorp stock overvalued right now?
Based on GuruFocus' analysis, Lake Shore Bancorp (LSBK) is currently considered Modestly Overvalued. The stock's GF Value™ is $14.04, compared to a current price of $16.77 — trading 19.4% above its estimated fair value. The current Piotroski F-Score is 9, which is 50% above median its 10-year median of 6.00 and 50% above the Banks industry median of 6.00. Lake Shore Bancorp's overall GF Score™ is 63/100 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 Lake Shore Bancorp (LSBK), the current Piotroski F-Score is 9 as of Jun. 24, 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 Lake Shore Bancorp (LSBK) Overvalued in 2026?
Based on GuruFocus' analysis, Lake Shore Bancorp stock appears to be overvalued.
The current stock price of $16.77 is trading 19.4% above its estimated GF Value™ of $14.04.
GuruFocus considers Lake Shore Bancorp to be Modestly Overvalued.
Key valuation signals for LSBK:
Piotroski F-Score: 9 (50% above median its 10-year median of 6.00)
GF Value™: $14.04 vs. price of $16.77 (19.4% above fair value)
Industry Position: 50% above the Banks median (#1 of 1498)
No single metric tells the full story. See the LSBK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lake Shore Bancorp Inc operates as a savings and loan holding company. The bank's business consists of attracting retail deposits from the general public in the areas surrounding its branch offices and investing those deposits, together with funds generated from operations, in commercial real estate loans, one-to-four family residential mortgage loans, home equity lines of credit, and, to a lesser extent, commercial business loans, consumer loans, and investment securities. Its revenues are principally derived from interest earned on loans and investment securities.
63GF Score
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