Winking StudiosLSE:WKS 48 Piotroski F-Score is 5 as of Jun. 29, 2026, which is at its 10-year median of 5.00. GuruFocus rates LSE:WKS with a GF Score™ of 48/100. The stock has 5 warning signs investors should review. Among 550 Interactive Media companies, Winking Studios ranks better than 59.82% 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
Winking Studios 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 Winking Studios's Piotroski F-Score or its related term are showing as below:
LSE:WKS'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 5 Max: 9
Current: 5
During the past 6 years, the highest Piotroski F-Score of Winking Studios was 9. The lowest was 4. 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.
Winking Studios Piotroski F-Score Related Terms
Winking Studios Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Winking Studios'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.
LSE:WKS vs NTES, EA, TTWO: Piotroski F-Score Comparison
For the Electronic Gaming & Multimedia subindustry, Winking Studios'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.
Winking Studios Piotroski F-Score vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Winking Studios's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Winking Studios'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.
Winking Studios's current Net Income (TTM) was 0.24.
==> Positive ==> Score 1.
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.
Winking Studios's return on assets of this year was 0.00511874. Winking Studios's return on assets of last year was 0.01722206.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Winking Studios's gearing of this year was 0.01654293. Winking Studios's gearing of last year was 0.04158016.
==> 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
Winking Studios's current ratio of this year was 4.25106101. Winking Studios's current ratio of last year was 6.84802643.
==> 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.
Winking Studios's number of shares in issue this year was 444.748. Winking Studios's number of shares in issue last year was 340.383.
==> 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.
Winking Studios's gross margin of this year was 0.29778157. Winking Studios's gross margin of last year was 0.29668675.
==> 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
Winking Studios's asset turnover of this year was 0.71301502. Winking Studios's asset turnover of last year was 1.0471013.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Winking Studios has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Winking Studios (LSE:WKS) has a Piotroski F-Score of 5 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Winking Studios and its competitors. This is near median its historical median of 5.00. Over the past decade, Winking Studios' Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Winking Studios ranks #221 out of 550 companies in the Interactive Media industry, placing it in the top 40.2%.
Is Winking Studios' Piotroski F-Score too high?
Winking Studios' current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Interactive Media industry median Piotroski F-Score is 5.00. Winking Studios' value of 5 is 0% at this industry median. Based on the distribution chart, Winking Studios ranks #221 out of 550 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Winking Studios has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does Winking Studios' Piotroski F-Score compare to NTES and EA?
According to the Interactive Media industry distribution chart, Winking Studios ranks #221 out of 550 companies for Piotroski F-Score. This puts Winking Studios in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Winking Studios' value of 5 is 0% at this benchmark. Historically, Winking Studios' own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Winking Studios 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 an Interactive Media company?
The median Piotroski F-Score among Interactive Media companies is 5.00, based on 550 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. Winking Studios'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 Winking Studios and its competitors. For the Interactive Media 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. Winking Studios's current Piotroski F-Score is 5, which is near 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 Winking Studios stock overvalued right now?
Winking Studios (LSE:WKS) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Interactive Media industry median of 5.00. Winking Studios' overall GF Score™ is 48/100 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 Winking Studios (LSE:WKS), the current Piotroski F-Score is 5 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.
Winking Studios Ltd is an art outsourcing and game development studio providing complete end-to-end art outsourcing and game development services across various platforms. The three primary business segments of the company are the Original Equipment Manufacturer (Art Outsourcing Segment), Original Design Manufacturer (Game Development Segment), and Global Publishing and Others. The company derives maximum revenue from the Art Outsourcing Segment, which creates and develops digital art assets as part of its provision of art outsourcing services. The Group can provide a wide gamut of design services that include 2D concept art, 3D modeling, 2D animation, 3D animation, and visual effects. This art includes environment design and game character design.
48GF Score
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