OIO GroupOIO -4.01%39 Piotroski F-Score is 3 as of Jun. 27, 2026, which is 25% below its 10-year median of 4.00. GuruFocus rates OIO with a GF Score™ of 39/100 and a GF Value™ of $3.50 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,597 Asset Management companies, OIO Group ranks worse than 78.08% 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
OIO Group 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 OIO Group's Piotroski F-Score or its related term are showing as below:
OIO'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 4 Max: 8
Current: 3
During the past 7 years, the highest Piotroski F-Score of OIO Group was 8. The lowest was 3. And the median was 4.
OIO Group (NAS:OIO) 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.
OIO Group Piotroski F-Score Related Terms
OIO Group Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for OIO 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.
OIO vs SLRC, RA, JQC: Piotroski F-Score Comparison
For the Asset Management subindustry, OIO 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.
OIO Group Piotroski F-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, OIO Group's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where OIO Group'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.
OIO Group's current Net Income (TTM) was -4.76.
==> Negative ==> Score 0.
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.
OIO Group's return on assets of this year was -0.18414233. OIO Group's return on assets of last year was -0.02469569.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
OIO Group's gearing of this year was 0.0707838. OIO Group's gearing of last year was 0.07485385.
==> 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
OIO Group's current ratio of this year was 0.19059573. OIO Group's current ratio of last year was 0.23296268.
==> 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.
OIO Group's number of shares in issue this year was 4.662. OIO Group's number of shares in issue last year was 2.892.
==> There is larger number of shares in issue this year. ==> Score 0.
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.
OIO Group's gross margin of this year was 0.74159808. OIO Group's gross margin of last year was 0.92983607.
==> 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
OIO Group's asset turnover of this year was 0.22556565. OIO Group's asset turnover of last year was 0.23798377.
==> 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
=
0
+
1
+
0
+
1
+
1
+
0
+
0
+
0
+
0
=
3
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
OIO Group has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
OIO Group (OIO) has a Piotroski F-Score of 3 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on OIO Group and its competitors. This is 25% below median its historical median of 4.00. Over the past decade, OIO Group's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, OIO Group ranks #1247 out of 1597 companies in the Asset Management industry, placing it in the top 78.1%.
Is OIO Group's Piotroski F-Score too high?
OIO Group's current Piotroski F-Score of 3 is 25% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Asset Management industry median Piotroski F-Score is 5.00. OIO Group's value of 3 is 40% below this industry median. Based on the distribution chart, OIO Group ranks #1247 out of 1597 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, OIO Group has a GF Score™ of 39/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does OIO Group's Piotroski F-Score compare to SLRC and RA?
According to the Asset Management industry distribution chart, OIO Group ranks #1247 out of 1597 companies for Piotroski F-Score. This places OIO Group in the lower half of its industry. The industry median Piotroski F-Score is 5.00. OIO Group's value of 3 is 40% below this benchmark. Historically, OIO Group's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, OIO Group 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 an Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,597 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. OIO Group'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 OIO Group and its competitors. For the Asset Management 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. OIO Group's current Piotroski F-Score is 3, which is 25% below median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OIO Group stock overvalued right now?
Based on GuruFocus' analysis, OIO Group (OIO) is currently considered Possible Value Trap. The stock's GF Value™ is $3.50, compared to a current price of $2.00 — trading 42.9% below its estimated fair value. The current Piotroski F-Score is 3, which is 25% below median its 10-year median of 4.00 and 40% below the Asset Management industry median of 5.00. OIO Group's overall GF Score™ is 39/100 with 3 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 OIO Group (OIO), the current Piotroski F-Score is 3 as of Jun. 27, 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 OIO Group (OIO) Overvalued in 2026?
Based on GuruFocus' analysis, OIO Group stock appears to be undervalued.
The current stock price of $2.00 is trading 42.9% below its estimated GF Value™ of $3.50.
GuruFocus considers OIO Group to be Possible Value Trap.
Key valuation signals for OIO:
Piotroski F-Score: 3 (25% below median its 10-year median of 4.00)
GF Value™: $3.50 vs. price of $2.00 (42.9% below fair value)
Industry Position: 40% below the Asset Management median (#1247 of 1597)
No single metric tells the full story. See the OIO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
OIO Group operates as an investment and development platform operating through its subsidiary, ESA, which is a waste management, treatment, and recycling company involved in the collection and recycling of hazardous and non-hazardous industrial waste from customers such as pharmaceutical, semiconductor, petrochemical, and electroplating companies. ESA currently has two revenue streams, from: (i) services income which is mainly comprised of the fees it charges its customers for waste collection and disposal services, which fees are similar to those charged by ESA's competitors, and (ii) the sales and trading of ESA's circular products that are made and processed from the recycled waste collected from its customers with respect to its waste collection and disposal services.
39GF Score
Get the complete analysis for OIO
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
OIO has been successfully added to your 
