LSMNF (lastminute.com NV) Piotroski F-Score: 6 (As of Aug. 12, 2026) — 200% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LSMNF lastminute.com NV LSMNF
65 GF Score
Price $19.92
GF Value $30.92
! 4 Warning Signs
View Full Analysis

What is lastminute.com NV Piotroski F-Score?

lastminute.com NV LSMNF 65 Piotroski F-Score is 6 as of Aug. 12, 2026, which is 200% above its 10-year median of 2.00. GuruFocus rates LSMNF with a GF Score™ of 65/100 and a GF Value™ of $30.92. The stock has 4 warning signs investors should review. Among 829 Travel & Leisure companies, lastminute.com NV ranks better than 73.46% 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

lastminute.com NV 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 lastminute.com NV's Piotroski F-Score or its related term are showing as below:

LSMNF' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 2   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of lastminute.com NV was 8. The lowest was 1. And the median was 2.

lastminute.com NV  (OTCPK:LSMNF) 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.


lastminute.com NV Piotroski F-Score Related Terms


lastminute.com NV Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for lastminute.com NV'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.

lastminute.com NV Piotroski F-Score Chart

lastminute.com NV Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 1.00 2.00 8.00 6.00

lastminute.com NV Quarterly Data
Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 7.00 N/A 6.00 N/A 6.00

LSMNF vs BKNG, ABNB, RCL: Piotroski F-Score Comparison

For the Travel Services subindustry, lastminute.com NV'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.


lastminute.com NV Piotroski F-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, lastminute.com NV's Piotroski F-Score distribution charts can be found below:

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


LSMNF
65GF Score
lastminute.com NV LSMNF
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 (Jun26) TTM:Last Year (Jun25) TTM:
Net Income was 2.23 + 2.225 + 7.63 + -8.126 = $4.0 Mil.
Cash Flow from Operations was -53.615 + -21.763 + 52.717 + 37.237 = $14.6 Mil.
Revenue was 118.897 + 90.164 + 111.445 + 102.974 = $423.5 Mil.
Gross Profit was 44.366 + 35.831 + 43.699 + 102.974 = $226.9 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(693.319 + 611.502 + 557.605 + 650.983 + 655.001) / 5 = $633.682 Mil.
Total Assets at the begining of this year (Jun25) was $693.3 Mil.
Long-Term Debt & Capital Lease Obligation was $6.2 Mil.
Total Current Assets was $349.6 Mil.
Total Current Liabilities was $544.6 Mil.
Net Income was 6.326 + -0.105 + 7.027 + 1.481 = $14.7 Mil.

Revenue was 96.226 + 65.445 + 96.432 + 107.671 = $365.8 Mil.
Gross Profit was 38.402 + 27.33 + 41.838 + 107.671 = $215.2 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(642.673 + 0 + 478.268 + 0 + 693.319) / 5 = $604.75333333 Mil.
Total Assets at the begining of last year (Jun24) was $642.7 Mil.
Long-Term Debt & Capital Lease Obligation was $13.8 Mil.
Total Current Assets was $373.4 Mil.
Total Current Liabilities was $569.5 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.

lastminute.com NV's current Net Income (TTM) was 4.0. ==> 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.

lastminute.com NV's current Cash Flow from Operations (TTM) was 14.6. ==> 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 (Jun25)
=3.959/693.319
=0.00571021

ROA (Last Year)=Net Income/Total Assets (Jun24)
=14.729/642.673
=0.02291834

lastminute.com NV's return on assets of this year was 0.00571021. lastminute.com NV's return on assets of last year was 0.02291834. ==> 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.

lastminute.com NV's current Net Income (TTM) was 4.0. lastminute.com NV's current Cash Flow from Operations (TTM) was 14.6. ==> 14.6 > 4.0 ==> 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: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun25 to Jun26
=6.207/633.682
=0.00979513

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=13.807/604.75333333
=0.0228308

lastminute.com NV's gearing of this year was 0.00979513. lastminute.com NV's gearing of last year was 0.0228308. ==> 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: Jun26)=Total Current Assets/Total Current Liabilities
=349.616/544.641
=0.64192009

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=373.416/569.539
=0.65564606

lastminute.com NV's current ratio of this year was 0.64192009. lastminute.com NV's current ratio of last year was 0.65564606. ==> 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.

lastminute.com NV's number of shares in issue this year was 10.608. lastminute.com NV's number of shares in issue last year was 10.618. ==> 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
=226.87/423.48
=0.53572778

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=215.241/365.774
=0.58845353

lastminute.com NV's gross margin of this year was 0.53572778. lastminute.com NV's gross margin of last year was 0.58845353. ==> 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 (Jun25)
=423.48/693.319
=0.61080109

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=365.774/642.673
=0.56914481

lastminute.com NV's asset turnover of this year was 0.61080109. lastminute.com NV's asset turnover of last year was 0.56914481. ==> This year's asset turnover is higher. ==> Score 1.

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+1+1+0+1+0+1
=6

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

lastminute.com NV has an F-score of 6 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 6 mean?
lastminute.com NV (LSMNF) has a Piotroski F-Score of 6 as of Aug. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on lastminute.com NV and its competitors. This is 200% above median its historical median of 2.00. Over the past decade, lastminute.com NV's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, lastminute.com NV ranks #220 out of 829 companies in the Travel & Leisure industry, placing it in the top 26.5%.
Is lastminute.com NV's Piotroski F-Score too high?
lastminute.com NV's current Piotroski F-Score of 6 is 200% above median its 10-year median of 2.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Travel & Leisure industry median Piotroski F-Score is 5.00. lastminute.com NV's value of 6 is 20% above this industry median. Based on the distribution chart, lastminute.com NV ranks #220 out of 829 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, lastminute.com NV has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does lastminute.com NV's Piotroski F-Score compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, lastminute.com NV ranks #220 out of 829 companies for Piotroski F-Score. This puts lastminute.com NV in the upper half of its industry. The industry median Piotroski F-Score is 5.00. lastminute.com NV's value of 6 is 20% above this benchmark. Historically, lastminute.com NV's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 2.00 vs. the industry median of 5.00, lastminute.com NV 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 Travel & Leisure company?
The median Piotroski F-Score among Travel & Leisure companies is 5.00, based on 829 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. lastminute.com NV'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 lastminute.com NV and its competitors. For the Travel & Leisure 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. lastminute.com NV's current Piotroski F-Score is 6, which is 200% above median its own 10-year median of 2.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is lastminute.com NV stock overvalued right now?
lastminute.com NV (LSMNF) has a current Piotroski F-Score of 6. The stock's GF Value™ is $30.92, compared to a current price of $19.92 — trading 35.6% below its estimated fair value. The current Piotroski F-Score is 6, which is 200% above median its 10-year median of 2.00 and 20% above the Travel & Leisure industry median of 5.00. lastminute.com NV's overall GF Score™ is 65/100 with 4 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 lastminute.com NV (LSMNF), the current Piotroski F-Score is 6 as of Aug. 12, 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 lastminute.com NV (LSMNF) Overvalued in 2026?

Based on GuruFocus' analysis, lastminute.com NV stock appears to be undervalued. The current stock price of $19.92 is trading 35.6% below its estimated GF Value™ of $30.92.

Key valuation signals for LSMNF:

  • Piotroski F-Score: 6 (200% above median its 10-year median of 2.00)
  • GF Value™: $30.92 vs. price of $19.92 (35.6% below fair value)
  • GF Score™: 65/100 with 4 warning signs
  • Industry Position: 20% above the Travel & Leisure median (#220 of 829)

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


lastminute.com NV Business Description

Address Rokin 92, Amsterdam, NLD, 1012 KZ
lastminute.com N.V. is an online travel group operating as a digital, asset-light platform and virtual tour operator, focused on designing, delivering, and taking responsibility for curated, integrated travel experiences. Its offerings include dynamic holiday packages, flights, hotels, and additional services such as car rentals, experiences, protection products, and deferred payment options, supported by proprietary technology that combines flights, hotels, and ancillary services in real time. The Group operates through key segments, including Packages, Flights, and Hotels, with the Packages segment generating the maximum revenue through bundled travel offerings where the Group is responsible for service fulfillment. Geographically, the UK generates the highest revenue.
65GF Score

Get the complete analysis for LSMNF

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

$19.92
Price
$30.92
GF Value