Seed Innovations (LSE:SEED) Piotroski F-Score: 2 (As of Jun. 28, 2026) — 50% Below Median


What is Seed Innovations Piotroski F-Score?

Seed Innovations LSE:SEED Piotroski F-Score is 2 as of Jun. 28, 2026, which is 50% below its 10-year median of 4.00. The stock has 1 warning sign investors should review. Among 1,594 Asset Management companies, Seed Innovations ranks worse than 90.9% on this metric.

Warning Sign:

Piotroski F-Score of 2 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

Seed Innovations has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Seed Innovations's Piotroski F-Score or its related term are showing as below:

LSE:SEED' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 8
Current: 2

During the past 13 years, the highest Piotroski F-Score of Seed Innovations was 8. The lowest was 2. And the median was 4.

Seed Innovations  (LSE:SEED) 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.


Seed Innovations Piotroski F-Score Related Terms


Seed Innovations Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Seed Innovations'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.

Seed Innovations Piotroski F-Score Chart

Seed Innovations Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 3.00 6.00 8.00 2.00

Seed Innovations Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 6.00 0.00 8.00 0.00 2.00

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

For the Asset Management subindustry, Seed Innovations'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.


Seed Innovations Piotroski F-Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Seed Innovations's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Seed Innovations'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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was £-0.61 Mil.
Cash Flow from Operations was £-0.69 Mil.
Revenue was £0.20 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (11.789 + 11.178) / 2 = £11.4835 Mil.
Total Assets at the begining of this year (Mar25) was £11.79 Mil.
Long-Term Debt & Capital Lease Obligation was £0.00 Mil.
Total Assets was £11.18 Mil.
Total Liabilities was £0.13 Mil.
Net Income was £0.37 Mil.

Revenue was £1.04 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (13.632 + 11.789) / 2 = £12.7105 Mil.
Total Assets at the begining of last year (Mar24) was £13.63 Mil.
Long-Term Debt & Capital Lease Obligation was £0.00 Mil.
Total Assets was £11.79 Mil.
Total Liabilities was £0.02 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.

Seed Innovations's current Net Income (TTM) was -0.61. ==> 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.

Seed Innovations's current Cash Flow from Operations (TTM) was -0.69. ==> 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 (Mar25)
=-0.609/11.789
=-0.05165833

ROA (Last Year)=Net Income/Total Assets (Mar24)
=0.367/13.632
=0.02692195

Seed Innovations's return on assets of this year was -0.05165833. Seed Innovations's return on assets of last year was 0.02692195. ==> 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.

Seed Innovations's current Net Income (TTM) was -0.61. Seed Innovations's current Cash Flow from Operations (TTM) was -0.69. ==> -0.69 <= -0.61 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=0/11.4835
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/12.7105
=0

Seed Innovations's gearing of this year was 0. Seed Innovations'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.

Current Ratio (This Year: Mar26)=Total Assets/Total Liabilities
=11.178/0.132
=84.68181818

Current Ratio (Last Year: Mar25)=Total Assets/Total Liabilities
=11.789/0.024
=491.20833333

Seed Innovations's current ratio of this year was 84.68181818. Seed Innovations's current ratio of last year was 491.20833333. ==> 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.

Seed Innovations's number of shares in issue this year was 190.165. Seed Innovations's number of shares in issue last year was 193.816. ==> 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
=-0.609/0.195
=-3.12307692

Net Margin (Last Year: TTM)=Net Income/Revenue
=0.367/1.044
=0.35153257

Seed Innovations's net margin of this year was -3.12307692. Seed Innovations's net margin of last year was 0.35153257. ==> 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 (Mar25)
=0.195/11.789
=0.01654084

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1.044/13.632
=0.07658451

Seed Innovations's asset turnover of this year was 0.01654084. Seed Innovations's asset turnover of last year was 0.07658451. ==> 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+0+1+0+1+0+0
=2

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

Seed Innovations has an F-score of 2. 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 2 mean?
Seed Innovations (LSE:SEED) has a Piotroski F-Score of 2 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Seed Innovations and its competitors. This is 50% below median its historical median of 4.00. Over the past decade, Seed Innovations' Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Seed Innovations ranks #1449 out of 1594 companies in the Asset Management industry, placing it in the top 90.9%.
Is Seed Innovations' Piotroski F-Score too high?
Seed Innovations' current Piotroski F-Score of 2 is 50% below 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 8.00. The Asset Management industry median Piotroski F-Score is 5.00. Seed Innovations' value of 2 is 60% below this industry median. Based on the distribution chart, Seed Innovations ranks #1449 out of 1594 companies in the Asset Management industry, which is in the bottom quartile relative to peers.
How does Seed Innovations' Piotroski F-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Seed Innovations ranks #1449 out of 1594 companies for Piotroski F-Score. This places Seed Innovations in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Seed Innovations' value of 2 is 60% below this benchmark. Historically, Seed Innovations' own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Seed Innovations 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. Seed Innovations's current Piotroski F-Score of 2 is 60% 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 Seed Innovations 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. Seed Innovations's current Piotroski F-Score is 2, which is 50% below 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 Seed Innovations stock overvalued right now?
Seed Innovations (LSE:SEED) has a current Piotroski F-Score of 2. The current Piotroski F-Score is 2, which is 50% below median its 10-year median of 4.00 and 60% below the Asset Management 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 Seed Innovations (LSE:SEED), the current Piotroski F-Score is 2 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.

Seed Innovations Business Description

Address 16-20 Smith Street, Suite 8, Upper House, St. Peter Port, GGY, GY1 2JQ
Seed Innovations Ltd is a Guernsey-based investment company. The company's objective is to invest in disruptive technologies with intellectual property rights which it is seeking to exploit, principally within the technology sector (including digital and content-focused businesses), life sciences sectors (including biotech and pharmaceuticals), and health and wellness sectors.