World Chess (LSE:CHSS) Piotroski F-Score: 5 (As of Jul. 04, 2026) — 25% Above Median


What is World Chess Piotroski F-Score?

World Chess LSE:CHSS Piotroski F-Score is 5 as of Jul. 04, 2026, which is 25% above its 10-year median of 4.00. The stock has 8 warning signs investors should review. Among 2,742 Software companies, World Chess ranks better than 59.63% 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

World Chess 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 World Chess's Piotroski F-Score or its related term are showing as below:

LSE:CHSS' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 7
Current: 5

During the past 8 years, the highest Piotroski F-Score of World Chess was 7. The lowest was 2. And the median was 4.

World Chess  (LSE:CHSS) 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.


World Chess Piotroski F-Score Related Terms


World Chess Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for World Chess'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.

World Chess Piotroski F-Score Chart

World Chess Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 7.00 2.00 3.00 4.00 5.00

World Chess Semi-Annual Data
Dec18 Dec19 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 3.00 0.00 4.00 0.00 5.00

LSE:CHSS vs UBER, SHOP, CRM: Piotroski F-Score Comparison

For the Software - Application subindustry, World Chess'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.


World Chess Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, World Chess's Piotroski F-Score distribution charts can be found below:

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


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 £-3.20 Mil.
Cash Flow from Operations was £-2.18 Mil.
Revenue was £1.78 Mil.
Gross Profit was £0.53 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (5.347 + 2.936) / 2 = £4.1415 Mil.
Total Assets at the begining of this year (Dec24) was £5.35 Mil.
Long-Term Debt & Capital Lease Obligation was £0.00 Mil.
Total Current Assets was £0.28 Mil.
Total Current Liabilities was £1.66 Mil.
Net Income was £-3.14 Mil.

Revenue was £1.51 Mil.
Gross Profit was £0.41 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (5.184 + 5.347) / 2 = £5.2655 Mil.
Total Assets at the begining of last year (Dec23) was £5.18 Mil.
Long-Term Debt & Capital Lease Obligation was £0.97 Mil.
Total Current Assets was £0.59 Mil.
Total Current Liabilities was £3.46 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.

World Chess's current Net Income (TTM) was -3.20. ==> Negative ==> Score 0.

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.

World Chess's current Cash Flow from Operations (TTM) was -2.18. ==> Negative ==> Score 0.

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)
=-3.201/5.347
=-0.59865345

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-3.143/5.184
=-0.60628858

World Chess's return on assets of this year was -0.59865345. World Chess's return on assets of last year was -0.60628858. ==> 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.

World Chess's current Net Income (TTM) was -3.20. World Chess's current Cash Flow from Operations (TTM) was -2.18. ==> -2.18 > -3.20 ==> 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
=0/4.1415
=0

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0.972/5.2655
=0.18459785

World Chess's gearing of this year was 0. World Chess's gearing of last year was 0.18459785. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=0.277/1.658
=0.16706876

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=0.591/3.456
=0.17100694

World Chess's current ratio of this year was 0.16706876. World Chess's current ratio of last year was 0.17100694. ==> 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.

World Chess's number of shares in issue this year was 779.554. World Chess's number of shares in issue last year was 689.11. ==> 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
=0.534/1.775
=0.30084507

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0.405/1.508
=0.26856764

World Chess's gross margin of this year was 0.30084507. World Chess's gross margin of last year was 0.26856764. ==> 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 (Dec24)
=1.775/5.347
=0.33196185

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1.508/5.184
=0.29089506

World Chess's asset turnover of this year was 0.33196185. World Chess's asset turnover of last year was 0.29089506. ==> 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
=0+0+1+1+1+0+0+1+1
=5

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

World Chess 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?
World Chess (LSE:CHSS) has a Piotroski F-Score of 5 as of Jul. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on World Chess and its competitors. This is 25% above median its historical median of 4.00. Over the past decade, World Chess' Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, World Chess ranks #1107 out of 2742 companies in the Software industry, placing it in the top 40.4%.
Is World Chess' Piotroski F-Score too high?
World Chess' current Piotroski F-Score of 5 is 25% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Software industry median Piotroski F-Score is 5.00. World Chess' value of 5 is 0% at this industry median. Based on the distribution chart, World Chess ranks #1107 out of 2742 companies in the Software industry, which is above the industry midpoint.
How does World Chess' Piotroski F-Score compare to UBER and SHOP?
According to the Software industry distribution chart, World Chess ranks #1107 out of 2742 companies for Piotroski F-Score. This puts World Chess in the upper half of its industry. The industry median Piotroski F-Score is 5.00. World Chess' value of 5 is 0% at this benchmark. Historically, World Chess' own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, World Chess 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 a Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,742 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. World Chess'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 World Chess and its competitors. For the Software 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. World Chess's current Piotroski F-Score is 5, which is 25% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is World Chess stock overvalued right now?
Based on GuruFocus' analysis, World Chess (LSE:CHSS) is currently considered Possible Value Trap. The stock's GF Value™ is £0.03, compared to a current price of £0.00 — trading 90.8% below its estimated fair value. The current Piotroski F-Score is 5, which is 25% above median its 10-year median of 4.00 and 0% at the Software industry median of 5.00. 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 World Chess (LSE:CHSS), the current Piotroski F-Score is 5 as of Jul. 04, 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.

World Chess Business Description

Address 27/28 Eastcastle Street, Eastcastle House, London, GBR, W1W 8DH
World Chess PLC is a chess company that is developing and reinventing chess for the modern consumer, more than 600 million of them, combining tradition and innovation to create experiences that engage. The company runs FIDE Online Arena, the official platform of the International Chess Federation, where players can earn their FIDE-recognized ratings online. It develops official World Chess products, from its iconic championship sets to inventive digital tools that make following and playing chess more intuitive and exciting. Geographically, the company generates majority revenue from United Kingdom followed by United States of America and Europe.