Lithuanian Shipping Company PC (OVSE:LJL1L) Piotroski F-Score: 3 (As of Jul. 29, 2026) — 50% Below Median

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What is Lithuanian Shipping Company PC Piotroski F-Score?

Lithuanian Shipping Company PC OVSE:LJL1L Piotroski F-Score is 3 as of Jul. 29, 2026, which is 50% below its 10-year median of 6.00. The stock has 6 warning signs investors should review.

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

Lithuanian Shipping Company PC 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 Lithuanian Shipping Company PC's Piotroski F-Score or its related term are showing as below:

OVSE:LJL1L' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 7
Current: 3

During the past 8 years, the highest Piotroski F-Score of Lithuanian Shipping Company PC was 7. The lowest was 3. And the median was 6.

Lithuanian Shipping Company PC  (OVSE:LJL1L) 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.


Lithuanian Shipping Company PC Piotroski F-Score Related Terms


Lithuanian Shipping Company PC Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Lithuanian Shipping Company PC'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.

Lithuanian Shipping Company PC Piotroski F-Score Chart

Lithuanian Shipping Company PC Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Piotroski F-Score
Get a 7-Day Free Trial 0.00 6.00 6.00 6.00 5.00

Lithuanian Shipping Company PC Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
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 4.00 5.00 4.00 5.00 3.00

OVSE:LJL1L vs PRGNF, TEUFF, BSTN: Piotroski F-Score Comparison

For the Marine Shipping subindustry, Lithuanian Shipping Company PC'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.


Lithuanian Shipping Company PC Piotroski F-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Lithuanian Shipping Company PC's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Lithuanian Shipping Company PC'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 (Sep15) TTM:Last Year (Sep14) TTM:
Net Income was -1.76 + -2.659 + -1.551 + -3.106 = €-9.08 Mil.
Cash Flow from Operations was 0.159 + 0.018 + -1.308 + -2.594 = €-3.73 Mil.
Revenue was 4.725 + 4.442 + 2.911 + 0.703 = €12.78 Mil.
Gross Profit was -0.139 + -0.403 + -1.624 + -2.823 = €-4.99 Mil.
Average Total Assets from the begining of this year (Sep14)
to the end of this year (Sep15) was
(38.693 + 37.958 + 36.507 + 33.023 + 33.281) / 5 = €35.8924 Mil.
Total Assets at the begining of this year (Sep14) was €38.69 Mil.
Long-Term Debt & Capital Lease Obligation was €12.50 Mil.
Total Current Assets was €7.97 Mil.
Total Current Liabilities was €9.58 Mil.
Net Income was -8.657 + -0.426 + -1.194 + -2.941 = €-13.22 Mil.

Revenue was 6.06 + 5.982 + 4.673 + 4.887 = €21.60 Mil.
Gross Profit was -0.922 + -0.046 + -0.478 + -1.06 = €-2.51 Mil.
Average Total Assets from the begining of last year (Sep13)
to the end of last year (Sep14) was
(61.325 + 47.149 + 43.49 + 41.97 + 38.693) / 5 = €46.5254 Mil.
Total Assets at the begining of last year (Sep13) was €61.33 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 Mil.
Total Current Assets was €3.01 Mil.
Total Current Liabilities was €19.46 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.

Lithuanian Shipping Company PC's current Net Income (TTM) was -9.08. ==> 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.

Score 1 if positive, 0 if negative.

Lithuanian Shipping Company PC's current Cash Flow from Operations (TTM) was -3.73. ==> Negative ==> Score 0.

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 (Sep14)
=-9.076/38.693
=-0.23456439

ROA (Last Year)=Net Income/Total Assets (Sep13)
=-13.218/61.325
=-0.21554015

Lithuanian Shipping Company PC's return on assets of this year was -0.23456439. Lithuanian Shipping Company PC's return on assets of last year was -0.21554015. ==> 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.

Lithuanian Shipping Company PC's current Net Income (TTM) was -9.08. Lithuanian Shipping Company PC's current Cash Flow from Operations (TTM) was -3.73. ==> -3.73 > -9.08 ==> 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: Sep15)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep14 to Sep15
=12.501/35.8924
=0.348291

Gearing (Last Year: Sep14)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep13 to Sep14
=0/46.5254
=0

Lithuanian Shipping Company PC's gearing of this year was 0.348291. Lithuanian Shipping Company PC's gearing of last year was 0. ==> Last year is lower than this year ==> Score 0.

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: Sep15)=Total Current Assets/Total Current Liabilities
=7.969/9.576
=0.83218463

Current Ratio (Last Year: Sep14)=Total Current Assets/Total Current Liabilities
=3.009/19.461
=0.15461693

Lithuanian Shipping Company PC's current ratio of this year was 0.83218463. Lithuanian Shipping Company PC's current ratio of last year was 0.15461693. ==> This year's current ratio is higher. ==> Score 1.

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.

Lithuanian Shipping Company PC's number of shares in issue this year was 0. Lithuanian Shipping Company PC's number of shares in issue last year was 0. ==> 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
=-4.989/12.781
=-0.39034504

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-2.506/21.602
=-0.11600778

Lithuanian Shipping Company PC's gross margin of this year was -0.39034504. Lithuanian Shipping Company PC's gross margin of last year was -0.11600778. ==> 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 (Sep14)
=12.781/38.693
=0.33031815

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep13)
=21.602/61.325
=0.35225438

Lithuanian Shipping Company PC's asset turnover of this year was 0.33031815. Lithuanian Shipping Company PC's asset turnover of last year was 0.35225438. ==> 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+0+0+1+0+1+1+0+0
=3

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

Lithuanian Shipping Company PC has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
Lithuanian Shipping Company PC (OVSE:LJL1L) has a Piotroski F-Score of 3 as of Jul. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Lithuanian Shipping Company PC and its competitors. This is 50% below median its historical median of 6.00. Over the past decade, Lithuanian Shipping Company PC's Piotroski F-Score has ranged from 3.00 to 7.00.
Is Lithuanian Shipping Company PC's Piotroski F-Score too high?
Lithuanian Shipping Company PC's current Piotroski F-Score of 3 is 50% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Transportation industry median Piotroski F-Score is 6.00. Lithuanian Shipping Company PC's value of 3 is 50% below this industry median.
How does Lithuanian Shipping Company PC's Piotroski F-Score compare to PRGNF and TEUFF?
Lithuanian Shipping Company PC's Piotroski F-Score of 3 can be compared against companies in the Transportation industry. The industry median Piotroski F-Score is 6.00. Lithuanian Shipping Company PC's value of 3 is 50% below this benchmark. Historically, Lithuanian Shipping Company PC's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Lithuanian Shipping Company PC 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 a Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 978 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. Lithuanian Shipping Company PC's current Piotroski F-Score of 3 is 50% 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 Lithuanian Shipping Company PC and its competitors. For the Transportation industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lithuanian Shipping Company PC's current Piotroski F-Score is 3, which is 50% 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 Lithuanian Shipping Company PC stock overvalued right now?
Lithuanian Shipping Company PC (OVSE:LJL1L) has a current Piotroski F-Score of 3. The current Piotroski F-Score is 3, which is 50% below median its 10-year median of 6.00 and 50% below the Transportation industry median of 6.00. 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 Lithuanian Shipping Company PC (OVSE:LJL1L), the current Piotroski F-Score is 3 as of Jul. 29, 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.

Lithuanian Shipping Company PC Business Description

Lietuvos juru laivininkyste is a shipping company. It is engaged in carrying bulk, timber, general and container cargoes by sea transport and leasing ships. The Company owns a fleet of cargo vessels as well as ferries for transportation of cargoes.