Cegid Group (LTS:0RIY) Piotroski F-Score: 5 (As of Jun. 28, 2026) — 17% Below Median


What is Cegid Group Piotroski F-Score?

Cegid Group LTS:0RIY Piotroski F-Score is 5 as of Jun. 28, 2026, which is 17% below its 10-year median of 6.00. The stock has 4 warning signs investors should review.

The zones of discrimination were as such:

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

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

LTS:0RIY' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of Cegid Group was 9. The lowest was 4. And the median was 6.

Cegid Group  (LTS:0RIY) 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.


Cegid Group Piotroski F-Score Related Terms


Cegid Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Cegid Group'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.

Cegid Group Piotroski F-Score Chart

Cegid Group Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 9.00 7.00 5.00 5.00

Cegid Group Semi-Annual Data
Dec05 Dec06 Dec07 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16
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 0.00 5.00 0.00 5.00

LTS:0RIY vs TYPE, MTLS, TIVO: Piotroski F-Score Comparison

For the Software - Application subindustry, Cegid Group'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.


Cegid Group Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, Cegid Group's Piotroski F-Score distribution charts can be found below:

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


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 (Dec16) TTM:Last Year (Dec15) TTM:
Net Income was €28.65 Mil.
Cash Flow from Operations was €71.19 Mil.
Revenue was €307.59 Mil.
Gross Profit was €263.58 Mil.
Average Total Assets from the begining of this year (Dec15)
to the end of this year (Dec16) was (432.748 + 445.49) / 2 = €439.119 Mil.
Total Assets at the begining of this year (Dec15) was €432.75 Mil.
Long-Term Debt & Capital Lease Obligation was €54.43 Mil.
Total Current Assets was €102.65 Mil.
Total Current Liabilities was €125.20 Mil.
Net Income was €23.21 Mil.

Revenue was €282.07 Mil.
Gross Profit was €241.82 Mil.
Average Total Assets from the begining of last year (Dec14)
to the end of last year (Dec15) was (371.253 + 432.748) / 2 = €402.0005 Mil.
Total Assets at the begining of last year (Dec14) was €371.25 Mil.
Long-Term Debt & Capital Lease Obligation was €70.72 Mil.
Total Current Assets was €97.01 Mil.
Total Current Liabilities was €114.26 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.

Cegid Group's current Net Income (TTM) was 28.65. ==> 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.

Cegid Group's current Cash Flow from Operations (TTM) was 71.19. ==> 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 (Dec15)
=28.647/432.748
=0.06619788

ROA (Last Year)=Net Income/Total Assets (Dec14)
=23.213/371.253
=0.06252609

Cegid Group's return on assets of this year was 0.06619788. Cegid Group's return on assets of last year was 0.06252609. ==> This year is higher. ==> Score 1.

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.

Cegid Group's current Net Income (TTM) was 28.65. Cegid Group's current Cash Flow from Operations (TTM) was 71.19. ==> 71.19 > 28.65 ==> 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: Dec16)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec15 to Dec16
=54.425/439.119
=0.12394135

Gearing (Last Year: Dec15)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec14 to Dec15
=70.719/402.0005
=0.17591769

Cegid Group's gearing of this year was 0.12394135. Cegid Group's gearing of last year was 0.17591769. ==> 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: Dec16)=Total Current Assets/Total Current Liabilities
=102.649/125.202
=0.81986709

Current Ratio (Last Year: Dec15)=Total Current Assets/Total Current Liabilities
=97.009/114.264
=0.84899006

Cegid Group's current ratio of this year was 0.81986709. Cegid Group's current ratio of last year was 0.84899006. ==> 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.

Cegid Group's number of shares in issue this year was 0. Cegid Group's number of shares in issue last year was 9.024. ==> 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
=263.579/307.592
=0.8569111

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=241.815/282.074
=0.85727504

Cegid Group's gross margin of this year was 0.8569111. Cegid Group's gross margin of last year was 0.85727504. ==> 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 (Dec15)
=307.592/432.748
=0.7107878

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec14)
=282.074/371.253
=0.75978915

Cegid Group's asset turnover of this year was 0.7107878. Cegid Group's asset turnover of last year was 0.75978915. ==> 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+1+1+1+0+1+0+0
=6

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

Cegid Group 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 5 mean?
Cegid Group (LTS:0RIY) has a Piotroski F-Score of 5 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Cegid Group and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Cegid Group's Piotroski F-Score has ranged from 4.00 to 9.00.
Is Cegid Group's Piotroski F-Score too high?
Cegid Group's current Piotroski F-Score of 5 is 17% below 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 9.00. The Software industry median Piotroski F-Score is 5.00. Cegid Group's value of 5 is 0% at this industry median.
How does Cegid Group's Piotroski F-Score compare to TYPE and MTLS?
Cegid Group's Piotroski F-Score of 5 can be compared against companies in the Software industry. The industry median Piotroski F-Score is 5.00. Cegid Group's value of 5 is 0% at this benchmark. Historically, Cegid Group's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Cegid Group 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 a Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,744 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. Cegid Group'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 Cegid Group and its competitors. For the Software 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. Cegid Group's current Piotroski F-Score is 5, which is 17% 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 Cegid Group stock overvalued right now?
Cegid Group (LTS:0RIY) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Software 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 Cegid Group (LTS:0RIY), the current Piotroski F-Score is 5 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.

Cegid Group Business Description

Cegid Group SA is engaged in the development, hosting, sell and distribution of business management software and related goods and services. It serves the finance, taxation, human resources, public, retail, manufacturing, services, trade, and accounting profession sectors, as well as startups and small businesses. Geographically business activity of the group is based in France.