Zigup (LSE:ZIG) Piotroski F-Score: 3 (As of Jun. 28, 2026) — 50% Below Median


LSE:ZIG Zigup PLC LSE:ZIG
88 GF Score
Price £4.58
GF Value £3.90
Valuation Modestly Overvalued
! 10 Warning Signs
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What is Zigup Piotroski F-Score?

Zigup LSE:ZIG -1.51% 88 Piotroski F-Score is 3 as of Jun. 28, 2026, which is 50% below its 10-year median of 6.00. GuruFocus rates LSE:ZIG with a GF Score™ of 88/100 and a GF Value™ of £3.90 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 1,063 Business Services companies, Zigup ranks worse than 84.95% on this metric.

Warning Sign:

Piotroski F-Score of 3 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

Zigup has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

LSE:ZIG' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 7
Current: 3

During the past 13 years, the highest Piotroski F-Score of Zigup was 7. The lowest was 2. And the median was 6.

Zigup  (LSE:ZIG) 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.


Zigup Piotroski F-Score Related Terms


Zigup Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Zigup'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.

Zigup Piotroski F-Score Chart

Zigup Annual Data
Trend Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 7.00 7.00 5.00 3.00

Zigup Semi-Annual Data
Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25
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 0.00 5.00 0.00 3.00 0.00

LSE:ZIG vs URI, SUNB, AER: Piotroski F-Score Comparison

For the Rental & Leasing Services subindustry, Zigup'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.


Zigup Piotroski F-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Zigup's Piotroski F-Score distribution charts can be found below:

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


LSE:ZIG
88GF Score
Zigup PLC LSE:ZIG
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 (Apr25) TTM:Last Year (Apr24) TTM:
Net Income was £80 Mil.
Cash Flow from Operations was £16 Mil.
Revenue was £1,813 Mil.
Gross Profit was £398 Mil.
Average Total Assets from the begining of this year (Apr24)
to the end of this year (Apr25) was (2225.166 + 2335.389) / 2 = £2280.2775 Mil.
Total Assets at the begining of this year (Apr24) was £2,225 Mil.
Long-Term Debt & Capital Lease Obligation was £776 Mil.
Total Current Assets was £445 Mil.
Total Current Liabilities was £439 Mil.
Net Income was £125 Mil.

Revenue was £1,833 Mil.
Gross Profit was £433 Mil.
Average Total Assets from the begining of last year (Apr23)
to the end of last year (Apr24) was (2106.779 + 2225.166) / 2 = £2165.9725 Mil.
Total Assets at the begining of last year (Apr23) was £2,107 Mil.
Long-Term Debt & Capital Lease Obligation was £673 Mil.
Total Current Assets was £508 Mil.
Total Current Liabilities was £449 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.

Zigup's current Net Income (TTM) was 80. ==> 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.

Score 1 if positive, 0 if negative.

Zigup's current Cash Flow from Operations (TTM) was 16. ==> 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 (Apr24)
=79.845/2225.166
=0.03588272

ROA (Last Year)=Net Income/Total Assets (Apr23)
=125.018/2106.779
=0.05934082

Zigup's return on assets of this year was 0.03588272. Zigup's return on assets of last year was 0.05934082. ==> 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.

Zigup's current Net Income (TTM) was 80. Zigup's current Cash Flow from Operations (TTM) was 16. ==> 16 <= 80 ==> 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: Apr25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr24 to Apr25
=776.059/2280.2775
=0.34033533

Gearing (Last Year: Apr24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr23 to Apr24
=672.546/2165.9725
=0.31050533

Zigup's gearing of this year was 0.34033533. Zigup's gearing of last year was 0.31050533. ==> 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

Current Ratio (This Year: Apr25)=Total Current Assets/Total Current Liabilities
=444.596/439.3
=1.01205554

Current Ratio (Last Year: Apr24)=Total Current Assets/Total Current Liabilities
=508.47/448.78
=1.13300504

Zigup's current ratio of this year was 1.01205554. Zigup's current ratio of last year was 1.13300504. ==> 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.

Zigup's number of shares in issue this year was 228.558. Zigup's number of shares in issue last year was 231.356. ==> 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
=397.899/1812.644
=0.21951304

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=432.891/1833.127
=0.23614894

Zigup's gross margin of this year was 0.21951304. Zigup's gross margin of last year was 0.23614894. ==> 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 (Apr24)
=1812.644/2225.166
=0.81461069

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Apr23)
=1833.127/2106.779
=0.87010882

Zigup's asset turnover of this year was 0.81461069. Zigup's asset turnover of last year was 0.87010882. ==> 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
=1+1+0+0+0+0+1+0+0
=3

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

Zigup has an F-score of 3. 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 3 mean?
Zigup (LSE:ZIG) has a Piotroski F-Score of 3 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Zigup and its competitors. This is 50% below median its historical median of 6.00. Over the past decade, Zigup's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Zigup ranks #903 out of 1063 companies in the Business Services industry, placing it in the top 84.9%.
Is Zigup's Piotroski F-Score too high?
Zigup's current Piotroski F-Score of 3 is 50% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Business Services industry median Piotroski F-Score is 5.00. Zigup's value of 3 is 40% below this industry median. Based on the distribution chart, Zigup ranks #903 out of 1063 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Zigup has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zigup's Piotroski F-Score compare to URI and SUNB?
According to the Business Services industry distribution chart, Zigup ranks #903 out of 1063 companies for Piotroski F-Score. This places Zigup in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Zigup's value of 3 is 40% below this benchmark. Historically, Zigup'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 6.00 vs. the industry median of 5.00, Zigup 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,063 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. Zigup's current Piotroski F-Score of 3 is 40% 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 Zigup and its competitors. For the Business Services 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. Zigup's current Piotroski F-Score is 3, which is 50% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zigup stock overvalued right now?
Based on GuruFocus' analysis, Zigup (LSE:ZIG) is currently considered Modestly Overvalued. The stock's GF Value™ is £3.90, compared to a current price of £4.58 — trading 17.4% above its estimated fair value. The current Piotroski F-Score is 3, which is 50% below median its 10-year median of 6.00 and 40% below the Business Services industry median of 5.00. Zigup's overall GF Score™ is 88/100 with 10 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 Zigup (LSE:ZIG), the current Piotroski F-Score is 3 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.

Is Zigup (LSE:ZIG) Overvalued in 2026?

Based on GuruFocus' analysis, Zigup stock appears to be overvalued. The current stock price of £4.58 is trading 17.4% above its estimated GF Value™ of £3.90. GuruFocus considers Zigup to be Modestly Overvalued.

Key valuation signals for LSE:ZIG:

  • Piotroski F-Score: 3 (50% below median its 10-year median of 6.00)
  • GF Value™: £3.90 vs. price of £4.58 (17.4% above fair value)
  • GF Score™: 88/100 with 10 warning signs
  • Industry Position: 40% below the Business Services median (#903 of 1063)

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


Zigup Business Description

Other Exchanges ZIGl:UK21W:Germany
Address Lingfield Way, Northgate Centre, Darlington, GBR, DL1 4PZ
Zigup PLC is a integrated mobility solutions provider, with a platform providing services across the vehicle lifecycle to help people keep on the move, smarter. It offers mobility solutions to businesses, fleet operators, insurers, OEMs and other customers across a broad range of areas from vehicle rental and fleet management to accident management, vehicle repairs, service and maintenance. the company has owned and leased vehicles, supporting managed vehicles across the UK, Ireland and Spain.
88GF Score

Get the complete analysis for LSE:ZIG

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

£4.58
Price
£3.90
GF Value