Third Age Health ServicesNZSE:TAH +2.27%87 Piotroski F-Score is 7 as of Jun. 30, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates NZSE:TAH with a GF Score™ of 87/100 and a GF Value™ of NZ$3.39 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 650 Healthcare Providers & Services companies, Third Age Health Services ranks better than 88.92% on this metric.
Good Sign:
Piotroski F-Score is 7, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Third Age Health Services has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Third Age Health Services's Piotroski F-Score or its related term are showing as below:
NZSE:TAH'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 7
Current: 7
During the past 6 years, the highest Piotroski F-Score of Third Age Health Services was 7. The lowest was 4. And the median was 6.
Third Age Health Services (NZSE:TAH) 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.
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.
Third Age Health Services Piotroski F-Score Related Terms
Third Age Health Services Piotroski F-Score Historical Data
* 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.
NZSE:TAH vs HCA, THC, DVA: Piotroski F-Score Comparison
For the Medical Care Facilities subindustry, Third Age Health Services'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.
Third Age Health Services Piotroski F-Score vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Third Age Health Services's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Third Age Health Services'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.
Third Age Health Services's current Net Income (TTM) was 2.83.
==> 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.
Third Age Health Services's current Cash Flow from Operations (TTM) was 4.03.
==> 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.
Third Age Health Services's return on assets of this year was 0.25775547. Third Age Health Services's return on assets of last year was 0.19678613.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Third Age Health Services's gearing of this year was 0.24128087. Third Age Health Services's gearing of last year was 0.27882343.
==> 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
Third Age Health Services's current ratio of this year was 1.05121359. Third Age Health Services's current ratio of last year was 1.12570412.
==> 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.
Third Age Health Services's number of shares in issue this year was 9.985. Third Age Health Services's number of shares in issue last year was 10.286.
==> 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.
Third Age Health Services's gross margin of this year was 0.49306297. Third Age Health Services's gross margin of last year was 0.51884073.
==> 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
Third Age Health Services's asset turnover of this year was 2.05182482. Third Age Health Services's asset turnover of last year was 1.60533401.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Third Age Health Services has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Third Age Health Services (NZSE:TAH) has a Piotroski F-Score of 7 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Third Age Health Services and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Third Age Health Services' Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Third Age Health Services ranks #72 out of 650 companies in the Healthcare Providers & Services industry, placing it in the top 11.1%.
Is Third Age Health Services' Piotroski F-Score too high?
Third Age Health Services' current Piotroski F-Score of 7 is 17% above 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 7.00. The Healthcare Providers & Services industry median Piotroski F-Score is 5.00. Third Age Health Services' value of 7 is 40% above this industry median. Based on the distribution chart, Third Age Health Services ranks #72 out of 650 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, Third Age Health Services has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Third Age Health Services' Piotroski F-Score compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Third Age Health Services ranks #72 out of 650 companies for Piotroski F-Score. This places Third Age Health Services in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Third Age Health Services' value of 7 is 40% above this benchmark. Historically, Third Age Health Services' own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Third Age Health Services 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 Healthcare Providers & Services company?
The median Piotroski F-Score among Healthcare Providers & Services companies is 5.00, based on 650 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. Third Age Health Services's current Piotroski F-Score of 7 is 40% 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 Third Age Health Services and its competitors. For the Healthcare Providers & 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. Third Age Health Services's current Piotroski F-Score is 7, which is 17% above 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 Third Age Health Services stock overvalued right now?
Based on GuruFocus' analysis, Third Age Health Services (NZSE:TAH) is currently considered Significantly Overvalued. The stock's GF Value™ is NZ$3.39, compared to a current price of NZ$4.50 — trading 32.7% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Healthcare Providers & Services industry median of 5.00. Third Age Health Services' overall GF Score™ is 87/100 with 2 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 Third Age Health Services (NZSE:TAH), the current Piotroski F-Score is 7 as of Jun. 30, 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 Third Age Health Services (NZSE:TAH) Overvalued in 2026?
Based on GuruFocus' analysis, Third Age Health Services stock appears to be overvalued.
The current stock price of NZ$4.50 is trading 32.7% above its estimated GF Value™ of NZ$3.39.
GuruFocus considers Third Age Health Services to be Significantly Overvalued.
Key valuation signals for NZSE:TAH:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: NZ$3.39 vs. price of NZ$4.50 (32.7% above fair value)
Industry Position: 40% above the Healthcare Providers & Services median (#72 of 650)
No single metric tells the full story. See the NZSE:TAH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Third Age Health Services Ltd is engaged in providing health care services to older adults residing in Aged Residential Care. The services offered by the company include 24/7 access to a doctor, Regular, scheduled rounds by a Practitioner, and Guaranteed locum cover. The company segment includes: Aged medical residential care services, being the provision of medical care services to the aged care sector. General practice medical services, being the provision of primary care services to the community.
87GF Score
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