Foresight Technology VCTLSE:FWT 33 Piotroski F-Score is 4 as of Jun. 29, 2026, which is 33% above its 10-year median of 3.00. GuruFocus rates LSE:FWT with a GF Score™ of 33/100. Among 1,594 Asset Management companies, Foresight Technology VCT ranks worse than 56.71% 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
Foresight Technology VCT has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Foresight Technology VCT's Piotroski F-Score or its related term are showing as below:
LSE:FWT'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 3 Max: 7
Current: 4
During the past 13 years, the highest Piotroski F-Score of Foresight Technology VCT was 7. The lowest was 2. And the median was 3.
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.
Foresight Technology VCT Piotroski F-Score Related Terms
Foresight Technology VCT Piotroski F-Score Historical Data
* 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:FWT vs BLK, BX, KKR: Piotroski F-Score Comparison
For the Asset Management subindustry, Foresight Technology VCT'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.
Foresight Technology VCT Piotroski F-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Foresight Technology VCT's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Foresight Technology VCT'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.
Foresight Technology VCT's current Net Income (TTM) was -3.07.
==> 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.
Foresight Technology VCT's current Cash Flow from Operations (TTM) was -0.57.
==> 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.
Foresight Technology VCT's return on assets of this year was -0.0948409. Foresight Technology VCT's return on assets of last year was -0.04472181.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Foresight Technology VCT's gearing of this year was 0. Foresight Technology VCT's gearing of last year was 0.
==> 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.
Foresight Technology VCT's current ratio of this year was 131.65986395. Foresight Technology VCT's current ratio of last year was 103.75.
==> 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.
Foresight Technology VCT's number of shares in issue this year was 36.685. Foresight Technology VCT's number of shares in issue last year was 60.798.
==> 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.
Foresight Technology VCT's net margin of this year was 1.18441358. Foresight Technology VCT's net margin of last year was 1.67105263.
==> 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
Foresight Technology VCT's asset turnover of this year was -0.08007414. Foresight Technology VCT's asset turnover of last year was -0.02676266.
==> 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
=
0
+
0
+
0
+
1
+
1
+
1
+
1
+
0
+
0
=
4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Foresight Technology VCT has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Foresight Technology VCT (LSE:FWT) has a Piotroski F-Score of 4 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Foresight Technology VCT and its competitors. This is 33% above median its historical median of 3.00. Over the past decade, Foresight Technology VCT's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Foresight Technology VCT ranks #904 out of 1594 companies in the Asset Management industry, placing it in the top 56.7%.
Is Foresight Technology VCT's Piotroski F-Score too high?
Foresight Technology VCT's current Piotroski F-Score of 4 is 33% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Asset Management industry median Piotroski F-Score is 5.00. Foresight Technology VCT's value of 4 is 20% below this industry median. Based on the distribution chart, Foresight Technology VCT ranks #904 out of 1594 companies in the Asset Management industry, which is below the industry midpoint. Overall, Foresight Technology VCT has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Foresight Technology VCT's Piotroski F-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Foresight Technology VCT ranks #904 out of 1594 companies for Piotroski F-Score. This places Foresight Technology VCT in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Foresight Technology VCT's value of 4 is 20% below this benchmark. Historically, Foresight Technology VCT's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Foresight Technology VCT 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. Foresight Technology VCT's current Piotroski F-Score of 4 is 20% 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 Foresight Technology VCT 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. Foresight Technology VCT's current Piotroski F-Score is 4, which is 33% above median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Foresight Technology VCT stock overvalued right now?
Foresight Technology VCT (LSE:FWT) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is 33% above median its 10-year median of 3.00 and 20% below the Asset Management industry median of 5.00. Foresight Technology VCT's overall GF Score™ is 33/100. 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 Foresight Technology VCT (LSE:FWT), the current Piotroski F-Score is 4 as of Jun. 29, 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.
Foresight Technology VCT PLC F is an infrastructure and private equity investment management firm. The company's activity is to provide private investors with capital growth from a portfolio of investments in fast-growing unquoted companies in the UK. The company invests in early-stage firms with high growth potential, developing transformational technologies across a range of different sectors. It invests in a range of securities including, but not limited to, ordinary and preference shares, loan stock, convertible securities, fixed-interest securities, and cash.
33GF Score
Get the complete analysis for LSE:FWT
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:FWT has been successfully added to your 
