Aberdeen UK Smaller Growth Trust (LSE:AUSC) Piotroski F-Score: 3 (As of Jun. 28, 2026) — 40% Below Median


LSE:AUSC Aberdeen UK Smaller Companies Growth Trust PLC LSE:AUSC
39 GF Score
Price £4.97
! 4 Warning Signs
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What is Aberdeen UK Smaller Growth Trust Piotroski F-Score?

Aberdeen UK Smaller Growth Trust LSE:AUSC -0.80% 39 Piotroski F-Score is 3 as of Jun. 28, 2026, which is 40% below its 10-year median of 5.00. GuruFocus rates LSE:AUSC with a GF Score™ of 39/100. The stock has 4 warning signs investors should review. Among 1,594 Asset Management companies, Aberdeen UK Smaller Growth Trust ranks worse than 78.17% on this metric.

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Aberdeen UK Smaller Growth Trust has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Aberdeen UK Smaller Growth Trust's Piotroski F-Score or its related term are showing as below:

LSE:AUSC' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 3

During the past 13 years, the highest Piotroski F-Score of Aberdeen UK Smaller Growth Trust was 8. The lowest was 3. And the median was 5.

Aberdeen UK Smaller Growth Trust  (LSE:AUSC) 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.


Aberdeen UK Smaller Growth Trust Piotroski F-Score Related Terms


Aberdeen UK Smaller Growth Trust Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Aberdeen UK Smaller Growth Trust'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.

Aberdeen UK Smaller Growth Trust Piotroski F-Score Chart

Aberdeen UK Smaller Growth Trust Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 6.00 8.00 5.00 3.00

Aberdeen UK Smaller Growth Trust Semi-Annual Data
Jun16 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 0.00 5.00 0.00 3.00 0.00

LSE:AUSC vs BLK, BX, KKR: Piotroski F-Score Comparison

For the Asset Management subindustry, Aberdeen UK Smaller Growth Trust'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.


Aberdeen UK Smaller Growth Trust Piotroski F-Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Aberdeen UK Smaller Growth Trust's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Aberdeen UK Smaller Growth Trust's Piotroski F-Score falls into.


LSE:AUSC
39GF Score
Aberdeen UK Smaller Companies Growth Trust PLC LSE:AUSC
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 (Jun25) TTM:Last Year (Jun24) TTM:
Net Income was £17.14 Mil.
Cash Flow from Operations was £9.60 Mil.
Revenue was £17.95 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (455.15 + 400.998) / 2 = £428.074 Mil.
Total Assets at the begining of this year (Jun24) was £455.15 Mil.
Long-Term Debt & Capital Lease Obligation was £39.99 Mil.
Total Assets was £401.00 Mil.
Total Liabilities was £41.80 Mil.
Net Income was £56.53 Mil.

Revenue was £57.50 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (454.468 + 455.15) / 2 = £454.809 Mil.
Total Assets at the begining of last year (Jun23) was £454.47 Mil.
Long-Term Debt & Capital Lease Obligation was £39.96 Mil.
Total Assets was £455.15 Mil.
Total Liabilities was £42.06 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.

Aberdeen UK Smaller Growth Trust's current Net Income (TTM) was 17.14. ==> 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.

Score 1 if positive, 0 if negative.

Aberdeen UK Smaller Growth Trust's current Cash Flow from Operations (TTM) was 9.60. ==> 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 (Jun24)
=17.143/455.15
=0.03766451

ROA (Last Year)=Net Income/Total Assets (Jun23)
=56.534/454.468
=0.124396

Aberdeen UK Smaller Growth Trust's return on assets of this year was 0.03766451. Aberdeen UK Smaller Growth Trust's return on assets of last year was 0.124396. ==> 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.

Aberdeen UK Smaller Growth Trust's current Net Income (TTM) was 17.14. Aberdeen UK Smaller Growth Trust's current Cash Flow from Operations (TTM) was 9.60. ==> 9.60 <= 17.14 ==> CFROA <= ROA ==> Score 0.

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: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=39.991/428.074
=0.09342076

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=39.964/454.809
=0.08786985

Aberdeen UK Smaller Growth Trust's gearing of this year was 0.09342076. Aberdeen UK Smaller Growth Trust's gearing of last year was 0.08786985. ==> 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

* 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.

Current Ratio (This Year: Jun25)=Total Assets/Total Liabilities
=400.998/41.803
=9.59256513

Current Ratio (Last Year: Jun24)=Total Assets/Total Liabilities
=455.15/42.061
=10.82118827

Aberdeen UK Smaller Growth Trust's current ratio of this year was 9.59256513. Aberdeen UK Smaller Growth Trust's current ratio of last year was 10.82118827. ==> 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.

Aberdeen UK Smaller Growth Trust's number of shares in issue this year was 69.016. Aberdeen UK Smaller Growth Trust's number of shares in issue last year was 80.739. ==> 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.

Net Margin (This Year: TTM)=Net Income/Revenue
=17.143/17.951
=0.95498858

Net Margin (Last Year: TTM)=Net Income/Revenue
=56.534/57.499
=0.9832171

Aberdeen UK Smaller Growth Trust's net margin of this year was 0.95498858. Aberdeen UK Smaller Growth Trust's net margin of last year was 0.9832171. ==> Last year's net 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 (Jun24)
=17.951/455.15
=0.03943975

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=57.499/454.468
=0.12651936

Aberdeen UK Smaller Growth Trust's asset turnover of this year was 0.03943975. Aberdeen UK Smaller Growth Trust's asset turnover of last year was 0.12651936. ==> 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+0+0+0+0+1+0+0
=3

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

Aberdeen UK Smaller Growth Trust has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
Aberdeen UK Smaller Growth Trust (LSE:AUSC) has a Piotroski F-Score of 3 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Aberdeen UK Smaller Growth Trust and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, Aberdeen UK Smaller Growth Trust's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Aberdeen UK Smaller Growth Trust ranks #1246 out of 1594 companies in the Asset Management industry, placing it in the top 78.2%.
Is Aberdeen UK Smaller Growth Trust's Piotroski F-Score too high?
Aberdeen UK Smaller Growth Trust's current Piotroski F-Score of 3 is 40% below 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. Aberdeen UK Smaller Growth Trust's value of 3 is 40% below this industry median. Based on the distribution chart, Aberdeen UK Smaller Growth Trust ranks #1246 out of 1594 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Aberdeen UK Smaller Growth Trust has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Aberdeen UK Smaller Growth Trust's Piotroski F-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Aberdeen UK Smaller Growth Trust ranks #1246 out of 1594 companies for Piotroski F-Score. This places Aberdeen UK Smaller Growth Trust in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Aberdeen UK Smaller Growth Trust's value of 3 is 40% below this benchmark. Historically, Aberdeen UK Smaller Growth Trust's 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, Aberdeen UK Smaller Growth Trust 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 an Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,594 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. Aberdeen UK Smaller Growth Trust's current Piotroski F-Score of 3 is 40% 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 Aberdeen UK Smaller Growth Trust 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. Aberdeen UK Smaller Growth Trust's current Piotroski F-Score is 3, which is 40% below 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 Aberdeen UK Smaller Growth Trust stock overvalued right now?
Aberdeen UK Smaller Growth Trust (LSE:AUSC) has a current Piotroski F-Score of 3. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 40% below the Asset Management industry median of 5.00. Aberdeen UK Smaller Growth Trust's overall GF Score™ is 39/100 with 4 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 Aberdeen UK Smaller Growth Trust (LSE:AUSC), the current Piotroski F-Score is 3 as of Jun. 28, 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.

Aberdeen UK Smaller Growth Trust Business Description

Address 1 George Street, Edinburgh, GBR, EH2 2LL
Aberdeen UK Smaller Companies Growth Trust PLC is an asset management company. The company's objective is to achieve long-term capital growth by investment in UK-quoted smaller companies.
39GF Score

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