CBIZ (LTS:0HQI) Piotroski F-Score: 6 (As of Aug. 04, 2026) — Near Median

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LTS:0HQI CBIZ Inc LTS:0HQI
76 GF Score
Price $55.29
GF Value $87.73
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is CBIZ Piotroski F-Score?

CBIZ LTS:0HQI +0.49% 76 Piotroski F-Score is 6 as of Aug. 04, 2026, which is at its 10-year median of 6.00. GuruFocus rates LTS:0HQI with a GF Score™ of 76/100 and a GF Value™ of $87.73 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,066 Business Services companies, CBIZ ranks better than 72.23% 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

CBIZ 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 CBIZ's Piotroski F-Score or its related term are showing as below:

LTS:0HQI' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of CBIZ was 8. The lowest was 4. And the median was 6.

CBIZ  (LTS:0HQI) 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.


CBIZ Piotroski F-Score Related Terms


CBIZ Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for CBIZ'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.

CBIZ Piotroski F-Score Chart

CBIZ 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 6.00 8.00 5.00 4.00 7.00

CBIZ Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 5.00 5.00 7.00 6.00 6.00

LTS:0HQI vs CMPR, ABM, TH: Piotroski F-Score Comparison

For the Specialty Business Services subindustry, CBIZ'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.


CBIZ Piotroski F-Score vs Business Services Industry

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

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


LTS:0HQI
76GF Score
CBIZ Inc LTS:0HQI
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 30.146 + -79.417 + 161.612 + 18.604 = $131 Mil.
Cash Flow from Operations was 23.966 + 143.639 + -25.515 + 147.742 = $290 Mil.
Revenue was 693.818 + 542.663 + 848.579 + 682.206 = $2,767 Mil.
Gross Profit was 90.129 + -50.747 + 226.017 + 72.438 = $338 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(4537.973 + 4545.144 + 4409.528 + 4629.96 + 4573.706) / 5 = $4539.2622 Mil.
Total Assets at the begining of this year (Jun25) was $4,538 Mil.
Long-Term Debt & Capital Lease Obligation was $0 Mil.
Total Current Assets was $733 Mil.
Total Current Liabilities was $0 Mil.
Net Income was 35.084 + -90.723 + 122.773 + 41.942 = $109 Mil.

Revenue was 438.884 + 460.279 + 838.014 + 683.496 = $2,421 Mil.
Gross Profit was 72.913 + -61.9 + 228.102 + 87.909 = $327 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(2160.805 + 2133.37 + 4470.883 + 4585.498 + 4537.973) / 5 = $3577.7058 Mil.
Total Assets at the begining of last year (Jun24) was $2,161 Mil.
Long-Term Debt & Capital Lease Obligation was $1,834 Mil.
Total Current Assets was $966 Mil.
Total Current Liabilities was $602 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.

CBIZ's current Net Income (TTM) was 131. ==> 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.

CBIZ's current Cash Flow from Operations (TTM) was 290. ==> 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)
=130.945/4537.973
=0.02885539

ROA (Last Year)=Net Income/Total Assets (Jun24)
=109.076/2160.805
=0.05047934

CBIZ's return on assets of this year was 0.02885539. CBIZ's return on assets of last year was 0.05047934. ==> 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.

CBIZ's current Net Income (TTM) was 131. CBIZ's current Cash Flow from Operations (TTM) was 290. ==> 290 > 131 ==> 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
=0/4539.2622
=0

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=1833.85/3577.7058
=0.51257708

CBIZ's gearing of this year was 0. CBIZ's gearing of last year was 0.51257708. ==> 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
=732.82/0
=

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=966.035/602.321
=1.60385409

CBIZ's current ratio of this year was . CBIZ's current ratio of last year was 1.60385409. ==> 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.

CBIZ's number of shares in issue this year was 59.703. CBIZ's number of shares in issue last year was 63.784. ==> 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
=337.837/2767.266
=0.12208331

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=327.024/2420.673
=0.13509631

CBIZ's gross margin of this year was 0.12208331. CBIZ's gross margin of last year was 0.13509631. ==> 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)
=2767.266/4537.973
=0.60980222

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=2420.673/2160.805
=1.12026444

CBIZ's asset turnover of this year was 0.60980222. CBIZ's asset turnover of last year was 1.12026444. ==> 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+1+1+0+1+0+0
=5

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

CBIZ has an F-score of 5 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?
CBIZ (LTS:0HQI) has a Piotroski F-Score of 6 as of Aug. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on CBIZ and its competitors. This is near median its historical median of 6.00. Over the past decade, CBIZ's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, CBIZ ranks #296 out of 1066 companies in the Business Services industry, placing it in the top 27.8%.
Is CBIZ's Piotroski F-Score too high?
CBIZ's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Business Services industry median Piotroski F-Score is 5.00. CBIZ's value of 6 is 20% above this industry median. Based on the distribution chart, CBIZ ranks #296 out of 1066 companies in the Business Services industry, which is above the industry midpoint. Overall, CBIZ has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does CBIZ's Piotroski F-Score compare to CMPR and ABM?
According to the Business Services industry distribution chart, CBIZ ranks #296 out of 1066 companies for Piotroski F-Score. This puts CBIZ in the upper half of its industry. The industry median Piotroski F-Score is 5.00. CBIZ's value of 6 is 20% above this benchmark. Historically, CBIZ's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, CBIZ 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,066 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. CBIZ'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 CBIZ 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. CBIZ's current Piotroski F-Score is 6, which is near 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 CBIZ stock overvalued right now?
Based on GuruFocus' analysis, CBIZ (LTS:0HQI) is currently considered Possible Value Trap. The stock's GF Value™ is $87.73, compared to a current price of $55.29 — trading 37% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Business Services industry median of 5.00. CBIZ's overall GF Score™ is 76/100 with 8 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 CBIZ (LTS:0HQI), the current Piotroski F-Score is 6 as of Aug. 04, 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 CBIZ (LTS:0HQI) Overvalued in 2026?

Based on GuruFocus' analysis, CBIZ stock appears to be undervalued. The current stock price of $55.29 is trading 37% below its estimated GF Value™ of $87.73. GuruFocus considers CBIZ to be Possible Value Trap.

Key valuation signals for LTS:0HQI:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: $87.73 vs. price of $55.29 (37% below fair value)
  • GF Score™: 76/100 with 8 warning signs
  • Industry Position: 20% above the Business Services median (#296 of 1066)

No single metric tells the full story. See the LTS:0HQI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CBIZ Business Description

Other Exchanges CBZ:USAXC4:Germany
Address 5959 Rockside Woods boulevard North, Suite 600, Independence, OH, USA, 44131
CBIZ Inc through its subsidiaries provides professional services advisors to middle-market businesses and organizations nationwide. Its business units have been aggregated into three practice groups: Financial Services, Benefits and Insurance Services, and National Practices. The company provides its services to various industries such as Banking & Financial Services, Commercial Real Estate, Construction, Health Care Manufacturing & Distribution NFP & Education, Private Client Services, Professional Services, Public Sector, and Technology & Life Sciences. It derives the maximum of its revenues from the Financial Services segment and geographically from the United States.
76GF Score

Get the complete analysis for LTS:0HQI

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

$55.29
Price
$87.73
GF Value