Itim Group (LSE:ITIM) Piotroski F-Score: 4 (As of Jun. 26, 2026) — 20% Below Median


LSE:ITIM Itim Group PLC LSE:ITIM
43 GF Score
Price £0.24
GF Value £0.43
Valuation Possible Value Trap
! 5 Warning Signs
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What is Itim Group Piotroski F-Score?

Itim Group LSE:ITIM 43 Piotroski F-Score is 4 as of Jun. 26, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates LSE:ITIM with a GF Score™ of 43/100 and a GF Value™ of £0.43 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 2,743 Software companies, Itim Group ranks worse than 60.04% 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

Itim Group 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 Itim Group's Piotroski F-Score or its related term are showing as below:

LSE:ITIM' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 9
Current: 4

During the past 8 years, the highest Piotroski F-Score of Itim Group was 9. The lowest was 3. And the median was 5.

Itim Group  (LSE:ITIM) 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.


Itim Group Piotroski F-Score Related Terms


Itim Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Itim Group'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.

Itim Group Piotroski F-Score Chart

Itim Group Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 6.00 3.00 4.00 9.00 4.00

Itim Group Semi-Annual Data
Dec18 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 4.00 0.00 9.00 0.00 4.00

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

For the Software - Application subindustry, Itim Group'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.


Itim Group Piotroski F-Score vs Software Industry

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

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


LSE:ITIM
43GF Score
Itim Group PLC LSE:ITIM
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was £-0.26 Mil.
Cash Flow from Operations was £0.57 Mil.
Revenue was £17.51 Mil.
Gross Profit was £6.57 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (19.684 + 19.708) / 2 = £19.696 Mil.
Total Assets at the begining of this year (Dec24) was £19.68 Mil.
Long-Term Debt & Capital Lease Obligation was £0.32 Mil.
Total Current Assets was £7.63 Mil.
Total Current Liabilities was £7.20 Mil.
Net Income was £0.20 Mil.

Revenue was £17.91 Mil.
Gross Profit was £7.18 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (19.971 + 19.684) / 2 = £19.8275 Mil.
Total Assets at the begining of last year (Dec23) was £19.97 Mil.
Long-Term Debt & Capital Lease Obligation was £0.54 Mil.
Total Current Assets was £7.43 Mil.
Total Current Liabilities was £6.56 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.

Itim Group's current Net Income (TTM) was -0.26. ==> 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.

Itim Group's current Cash Flow from Operations (TTM) was 0.57. ==> 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 (Dec24)
=-0.255/19.684
=-0.01295468

ROA (Last Year)=Net Income/Total Assets (Dec23)
=0.2/19.971
=0.01001452

Itim Group's return on assets of this year was -0.01295468. Itim Group's return on assets of last year was 0.01001452. ==> 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.

Itim Group's current Net Income (TTM) was -0.26. Itim Group's current Cash Flow from Operations (TTM) was 0.57. ==> 0.57 > -0.26 ==> 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
=0.322/19.696
=0.0163485

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0.535/19.8275
=0.02698273

Itim Group's gearing of this year was 0.0163485. Itim Group's gearing of last year was 0.02698273. ==> 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
=7.626/7.203
=1.05872553

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=7.431/6.557
=1.13329266

Itim Group's current ratio of this year was 1.05872553. Itim Group's current ratio of last year was 1.13329266. ==> 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.

Itim Group's number of shares in issue this year was 34.839. Itim Group's number of shares in issue last year was 34.868. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=6.566/17.507
=0.37504998

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=7.184/17.908
=0.40116149

Itim Group's gross margin of this year was 0.37504998. Itim Group's gross margin of last year was 0.40116149. ==> Last year's gross 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 (Dec24)
=17.507/19.684
=0.88940256

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=17.908/19.971
=0.89670022

Itim Group's asset turnover of this year was 0.88940256. Itim Group's asset turnover of last year was 0.89670022. ==> 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+1+0+1+1+0+1+0+0
=4

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

Itim Group has an F-score of 4 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 4 mean?
Itim Group (LSE:ITIM) has a Piotroski F-Score of 4 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Itim Group and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Itim Group's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Itim Group ranks #1647 out of 2743 companies in the Software industry, placing it in the top 60%.
Is Itim Group's Piotroski F-Score too high?
Itim Group's current Piotroski F-Score of 4 is 20% 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 9.00. The Software industry median Piotroski F-Score is 5.00. Itim Group's value of 4 is 20% below this industry median. Based on the distribution chart, Itim Group ranks #1647 out of 2743 companies in the Software industry, which is below the industry midpoint. Overall, Itim Group has a GF Score™ of 43/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Itim Group's Piotroski F-Score compare to CRM and SHOP?
According to the Software industry distribution chart, Itim Group ranks #1647 out of 2743 companies for Piotroski F-Score. This places Itim Group in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Itim Group's value of 4 is 20% below this benchmark. Historically, Itim Group'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 5.00 vs. the industry median of 5.00, Itim Group 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 a Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,743 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. Itim Group'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 Itim Group 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. Itim Group's current Piotroski F-Score is 4, which is 20% 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 Itim Group stock overvalued right now?
Based on GuruFocus' analysis, Itim Group (LSE:ITIM) is currently considered Possible Value Trap. The stock's GF Value™ is £0.43, compared to a current price of £0.24 — trading 44.2% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Software industry median of 5.00. Itim Group's overall GF Score™ is 43/100 with 5 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 Itim Group (LSE:ITIM), the current Piotroski F-Score is 4 as of Jun. 26, 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 Itim Group (LSE:ITIM) Overvalued in 2026?

Based on GuruFocus' analysis, Itim Group stock appears to be undervalued. The current stock price of £0.24 is trading 44.2% below its estimated GF Value™ of £0.43. GuruFocus considers Itim Group to be Possible Value Trap.

Key valuation signals for LSE:ITIM:

  • Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
  • GF Value™: £0.43 vs. price of £0.24 (44.2% below fair value)
  • GF Score™: 43/100 with 5 warning signs
  • Industry Position: 20% below the Software median (#1647 of 2743)

No single metric tells the full story. See the LSE:ITIM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Itim Group Business Description

Address 173 Victoria Street, 2nd Floor, Atlas House, London, GBR, SW1E 5NH
Itim Group PLC is engaged in providing software solutions to retailers by helping them to optimize their business and their stores to improve financial performance. It offers a complete set of retail software solutions, including Multi-Channel Sales & Services, Enterprise Order Management, Price & Stock Optimization, and Supplier Management. The company operates in the United Kingdom and Portugal, with a majority of its revenue being derived from the United Kingdom.
43GF Score

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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£0.24
Price
£0.43
GF Value