abrdn Asia FocusLSE:AAS 41 Piotroski F-Score is 8 as of Jun. 25, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates LSE:AAS with a GF Score™ of 41/100 and a GF Value™ of £8.00 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,601 Asset Management companies, abrdn Asia Focus ranks better than 99.25% on this metric.
Good Sign:
Piotroski F-Score is 8, 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
abrdn Asia Focus has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for abrdn Asia Focus's Piotroski F-Score or its related term are showing as below:
LSE:AAS'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 8
Current: 8
During the past 13 years, the highest Piotroski F-Score of abrdn Asia Focus was 8. The lowest was 3. And the median was 5.
abrdn Asia Focus (LSE:AAS) 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.
abrdn Asia Focus Piotroski F-Score Related Terms
abrdn Asia Focus Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for abrdn Asia Focus'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.
LSE:AAS vs BLK, BX, KKR: Piotroski F-Score Comparison
For the Asset Management subindustry, abrdn Asia Focus'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.
abrdn Asia Focus Piotroski F-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, abrdn Asia Focus's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where abrdn Asia Focus'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.
*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.
abrdn Asia Focus's current Net Income (TTM) was 89.9.
==> 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.
abrdn Asia Focus's return on assets of this year was 0.15471144. abrdn Asia Focus's return on assets of last year was 0.06692474.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
abrdn Asia Focus's gearing of this year was 0.10615986. abrdn Asia Focus's gearing of last year was 0.1163698.
==> 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.
abrdn Asia Focus's current ratio of this year was 7.93060622. abrdn Asia Focus's current ratio of last year was 7.35386095.
==> 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.
abrdn Asia Focus's number of shares in issue this year was 157.863. abrdn Asia Focus's number of shares in issue last year was 167.265.
==> 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.
abrdn Asia Focus's net margin of this year was 0.97021446. abrdn Asia Focus's net margin of last year was 0.73905037.
==> 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
abrdn Asia Focus's asset turnover of this year was 0.15946108. abrdn Asia Focus's asset turnover of last year was 0.09055505.
==> 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
+
0
+
1
+
1
+
1
+
1
+
1
=
8
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
abrdn Asia Focus has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
abrdn Asia Focus (LSE:AAS) has a Piotroski F-Score of 8 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on abrdn Asia Focus and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, abrdn Asia Focus' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, abrdn Asia Focus ranks #12 out of 1601 companies in the Asset Management industry, placing it in the top 0.7%.
Is abrdn Asia Focus' Piotroski F-Score too high?
abrdn Asia Focus' current Piotroski F-Score of 8 is 60% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Asset Management industry median Piotroski F-Score is 5.00. abrdn Asia Focus' value of 8 is 60% above this industry median. Based on the distribution chart, abrdn Asia Focus ranks #12 out of 1601 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, abrdn Asia Focus has a GF Score™ of 41/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does abrdn Asia Focus' Piotroski F-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, abrdn Asia Focus ranks #12 out of 1601 companies for Piotroski F-Score. This places abrdn Asia Focus in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. abrdn Asia Focus' value of 8 is 60% above this benchmark. Historically, abrdn Asia Focus' own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, abrdn Asia Focus 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 an Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,601 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. abrdn Asia Focus's current Piotroski F-Score of 8 is 60% 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 abrdn Asia Focus and its competitors. For the Asset Management 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. abrdn Asia Focus's current Piotroski F-Score is 8, which is 60% 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 abrdn Asia Focus stock overvalued right now?
Based on GuruFocus' analysis, abrdn Asia Focus (LSE:AAS) is currently considered Possible Value Trap. The stock's GF Value™ is £8.00, compared to a current price of £4.38 — trading 45.3% below its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 60% above the Asset Management industry median of 5.00. abrdn Asia Focus' overall GF Score™ is 41/100 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 abrdn Asia Focus (LSE:AAS), the current Piotroski F-Score is 8 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 abrdn Asia Focus (LSE:AAS) Overvalued in 2026?
Based on GuruFocus' analysis, abrdn Asia Focus stock appears to be undervalued.
The current stock price of £4.38 is trading 45.3% below its estimated GF Value™ of £8.00.
GuruFocus considers abrdn Asia Focus to be Possible Value Trap.
Key valuation signals for LSE:AAS:
Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
GF Value™: £8.00 vs. price of £4.38 (45.3% below fair value)
Industry Position: 60% above the Asset Management median (#12 of 1601)
No single metric tells the full story. See the LSE:AAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
abrdn Asia Focus PLC is a closed-end investment company listed on the London Stock Exchange. The company focuses on identifying and investing in well-managed smaller companies across Asia (excluding Japan) that demonstrate strong growth potential. The company aims to maximise total return to shareholders over the long term from a portfolio made up predominantly of quoted smaller companies. Its investments span multiple industries and economies, generating returns through capital appreciation. The company is engaged in a single segment of business activity, being investment business.
41GF Score
Get the complete analysis for LSE:AAS
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LSE:AAS has been successfully added to your 
