T42 IoT Tracking SolutionsLSE:TRAC Piotroski F-Score is 6 as of Jun. 27, 2026, which is 20% above its 10-year median of 5.00. The stock has 6 warning signs investors should review. Among 2,426 Hardware companies, T42 IoT Tracking Solutions ranks better than 77.95% 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
T42 IoT Tracking Solutions has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for T42 IoT Tracking Solutions's Piotroski F-Score or its related term are showing as below:
LSE:TRAC'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 5 Max: 6
Current: 6
During the past 13 years, the highest Piotroski F-Score of T42 IoT Tracking Solutions was 6. The lowest was 1. And the median was 5.
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.
T42 IoT Tracking Solutions Piotroski F-Score Related Terms
T42 IoT Tracking Solutions 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:TRAC vs COHR, KEYS, GRMN: Piotroski F-Score Comparison
For the Scientific & Technical Instruments subindustry, T42 IoT Tracking Solutions'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.
T42 IoT Tracking Solutions Piotroski F-Score vs Hardware Industry
For the Hardware industry and Technology sector, T42 IoT Tracking Solutions's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where T42 IoT Tracking Solutions'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.
T42 IoT Tracking Solutions's current Net Income (TTM) was -0.43.
==> 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.
T42 IoT Tracking Solutions's current Cash Flow from Operations (TTM) was 0.32.
==> 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.
T42 IoT Tracking Solutions's return on assets of this year was -0.12427746. T42 IoT Tracking Solutions's return on assets of last year was -0.35030395.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
T42 IoT Tracking Solutions's gearing of this year was 0.65694356. T42 IoT Tracking Solutions's gearing of last year was 0.16711663.
==> 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
T42 IoT Tracking Solutions's current ratio of this year was 0.52792732. T42 IoT Tracking Solutions's current ratio of last year was 0.3331318.
==> 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.
T42 IoT Tracking Solutions's number of shares in issue this year was 64.242. T42 IoT Tracking Solutions's number of shares in issue last year was 55.117.
==> 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.
T42 IoT Tracking Solutions's gross margin of this year was 0.46302392. T42 IoT Tracking Solutions's gross margin of last year was 0.38309517.
==> 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
T42 IoT Tracking Solutions's asset turnover of this year was 1.31705202. T42 IoT Tracking Solutions's asset turnover of last year was 0.83308004.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
T42 IoT Tracking Solutions has an F-score of 6 indicating the company's financial situation is typical for a stable company.
T42 IoT Tracking Solutions (LSE:TRAC) has a Piotroski F-Score of 6 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on T42 IoT Tracking Solutions and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, T42 IoT Tracking Solutions' Piotroski F-Score has ranged from 1.00 to 6.00. According to the industry distribution chart, T42 IoT Tracking Solutions ranks #535 out of 2426 companies in the Hardware industry, placing it in the top 22.1%.
Is T42 IoT Tracking Solutions' Piotroski F-Score too high?
T42 IoT Tracking Solutions' current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 6.00. The Hardware industry median Piotroski F-Score is 5.00. T42 IoT Tracking Solutions' value of 6 is 20% above this industry median. Based on the distribution chart, T42 IoT Tracking Solutions ranks #535 out of 2426 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers.
How does T42 IoT Tracking Solutions' Piotroski F-Score compare to COHR and KEYS?
According to the Hardware industry distribution chart, T42 IoT Tracking Solutions ranks #535 out of 2426 companies for Piotroski F-Score. This places T42 IoT Tracking Solutions in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. T42 IoT Tracking Solutions' value of 6 is 20% above this benchmark. Historically, T42 IoT Tracking Solutions' own Piotroski F-Score has ranged from 1.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, T42 IoT Tracking Solutions has consistently been above 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,426 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. T42 IoT Tracking Solutions's current Piotroski F-Score of 6 is 20% above 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 T42 IoT Tracking Solutions and its competitors. For the Hardware 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. T42 IoT Tracking Solutions's current Piotroski F-Score is 6, which is 20% above 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 T42 IoT Tracking Solutions stock overvalued right now?
Based on GuruFocus' analysis, T42 IoT Tracking Solutions (LSE:TRAC) is currently considered Fairly Valued. The stock's GF Value™ is £0.04, compared to a current price of £0.04 — trading 3.8% above its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Hardware 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 T42 IoT Tracking Solutions (LSE:TRAC), the current Piotroski F-Score is 6 as of Jun. 27, 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.
T42 IoT Tracking Solutions PLC is a supplier in the field of automated real-time systems, specializing in the remote tracking and management of vehicles, containers, and assets. It uses AI and machine learning technologies to provide automated monitoring solutions for a range of clients globally. The company offers the Tetis, Lokies, and Kylos products, which provide tracking and monitoring of containers and goods throughout the supply chain. It has two reportable segments: Hardware and SaaS. The company derives revenue from the SaaS segment. Geographically, it generates maximum revenue from the Middle East.
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