SRTMF (SRT Marine Systems) Piotroski F-Score: 5 (As of Jun. 27, 2026) — Near Median


SRTMF SRT Marine Systems PLC SRTMF
39 GF Score
Price $1.22
GF Value $2.25
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is SRT Marine Systems Piotroski F-Score?

SRT Marine Systems SRTMF +1.67% 39 Piotroski F-Score is 5 as of Jun. 27, 2026, which is at its 10-year median of 5.00. GuruFocus rates SRTMF with a GF Score™ of 39/100 and a GF Value™ of $2.25 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,426 Hardware companies, SRT Marine Systems ranks better than 59.56% 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

SRT Marine Systems 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 SRT Marine Systems's Piotroski F-Score or its related term are showing as below:

SRTMF' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 5

During the past 13 years, the highest Piotroski F-Score of SRT Marine Systems was 7. The lowest was 2. And the median was 5.

SRT Marine Systems  (OTCPK:SRTMF) 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.


SRT Marine Systems Piotroski F-Score Related Terms


SRT Marine Systems Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for SRT Marine Systems'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.

SRT Marine Systems Piotroski F-Score Chart

SRT Marine Systems Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Jun25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 5.00 3.00 7.00 5.00

SRT Marine Systems Semi-Annual Data
Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Dec24 Jun25 Dec25
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 0.00 5.00 0.00

SRTMF vs COHR, KEYS, GRMN: Piotroski F-Score Comparison

For the Scientific & Technical Instruments subindustry, SRT Marine Systems'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.


SRT Marine Systems Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, SRT Marine Systems's Piotroski F-Score distribution charts can be found below:

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


SRTMF
39GF Score
SRT Marine Systems PLC SRTMF
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 (Jun25) TTM:Last Year (Mar23) TTM:
Net Income was $2.8 Mil.
Cash Flow from Operations was $1.4 Mil.
Revenue was $105.9 Mil.
Gross Profit was $32.4 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Jun25) was (32.046 + 118.596) / 2 = $75.321 Mil.
Total Assets at the begining of this year (Mar23) was $32.0 Mil.
Long-Term Debt & Capital Lease Obligation was $8.5 Mil.
Total Current Assets was $94.1 Mil.
Total Current Liabilities was $73.7 Mil.
Net Income was $0.1 Mil.

Revenue was $37.0 Mil.
Gross Profit was $13.4 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was (32.561 + 32.046) / 2 = $32.3035 Mil.
Total Assets at the begining of last year (Mar22) was $32.6 Mil.
Long-Term Debt & Capital Lease Obligation was $0.8 Mil.
Total Current Assets was $16.3 Mil.
Total Current Liabilities was $18.7 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.

SRT Marine Systems's current Net Income (TTM) was 2.8. ==> 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.

SRT Marine Systems's current Cash Flow from Operations (TTM) was 1.4. ==> 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 (Mar23)
=2.75/32.046
=0.08581414

ROA (Last Year)=Net Income/Total Assets (Mar22)
=0.085/32.561
=0.00261048

SRT Marine Systems's return on assets of this year was 0.08581414. SRT Marine Systems's return on assets of last year was 0.00261048. ==> 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.

SRT Marine Systems's current Net Income (TTM) was 2.8. SRT Marine Systems's current Cash Flow from Operations (TTM) was 1.4. ==> 1.4 <= 2.8 ==> CFROA <= ROA ==> Score 0.

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: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Jun25
=8.482/75.321
=0.11261136

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=0.789/32.3035
=0.0244246

SRT Marine Systems's gearing of this year was 0.11261136. SRT Marine Systems's gearing of last year was 0.0244246. ==> 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: Jun25)=Total Current Assets/Total Current Liabilities
=94.068/73.68
=1.2767101

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=16.255/18.749
=0.86697957

SRT Marine Systems's current ratio of this year was 1.2767101. SRT Marine Systems's current ratio of last year was 0.86697957. ==> 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.

SRT Marine Systems's number of shares in issue this year was 245.829. SRT Marine Systems's number of shares in issue last year was 182.92. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=32.431/105.863
=0.30634877

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=13.397/37.022
=0.36186592

SRT Marine Systems's gross margin of this year was 0.30634877. SRT Marine Systems's gross margin of last year was 0.36186592. ==> 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 (Mar23)
=105.863/32.046
=3.30347001

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=37.022/32.561
=1.13700439

SRT Marine Systems's asset turnover of this year was 3.30347001. SRT Marine Systems's asset turnover of last year was 1.13700439. ==> This year's asset turnover is higher. ==> Score 1.

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+0+0+1+0+0+1
=5

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

SRT Marine Systems 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 5 mean?
SRT Marine Systems (SRTMF) has a Piotroski F-Score of 5 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on SRT Marine Systems and its competitors. This is near median its historical median of 5.00. Over the past decade, SRT Marine Systems' Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, SRT Marine Systems ranks #981 out of 2426 companies in the Hardware industry, placing it in the top 40.4%.
Is SRT Marine Systems' Piotroski F-Score too high?
SRT Marine Systems' current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Hardware industry median Piotroski F-Score is 5.00. SRT Marine Systems' value of 5 is 0% at this industry median. Based on the distribution chart, SRT Marine Systems ranks #981 out of 2426 companies in the Hardware industry, which is above the industry midpoint. Overall, SRT Marine Systems has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SRT Marine Systems' Piotroski F-Score compare to COHR and KEYS?
According to the Hardware industry distribution chart, SRT Marine Systems ranks #981 out of 2426 companies for Piotroski F-Score. This puts SRT Marine Systems in the upper half of its industry. The industry median Piotroski F-Score is 5.00. SRT Marine Systems' value of 5 is 0% at this benchmark. Historically, SRT Marine Systems' own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, SRT Marine Systems 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,426 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. SRT Marine Systems'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 SRT Marine Systems and its competitors. For the Hardware 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. SRT Marine Systems's current Piotroski F-Score is 5, which is near median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SRT Marine Systems stock overvalued right now?
Based on GuruFocus' analysis, SRT Marine Systems (SRTMF) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.25, compared to a current price of $1.22 — trading 45.8% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Hardware industry median of 5.00. SRT Marine Systems' overall GF Score™ is 39/100 with 6 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 SRT Marine Systems (SRTMF), the current Piotroski F-Score is 5 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 SRT Marine Systems (SRTMF) Overvalued in 2026?

Based on GuruFocus' analysis, SRT Marine Systems stock appears to be undervalued. The current stock price of $1.22 is trading 45.8% below its estimated GF Value™ of $2.25. GuruFocus considers SRT Marine Systems to be Significantly Overvalued.

Key valuation signals for SRTMF:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: $2.25 vs. price of $1.22 (45.8% below fair value)
  • GF Score™: 39/100 with 6 warning signs
  • Industry Position: 0% at the Hardware median (#981 of 2426)

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


SRT Marine Systems Business Description

Other Exchanges SRT:UK6S7:Germany
Address Wireless House, Midsomer Norton, Westfield Industrial Estate, Bath, GBR, BA3 4BS
SRT Marine Systems PLC develops and provides integrated maritime surveillance, monitoring, management, and safety systems used by coast guards, fisheries authorities, infrastructure owners, and vessel owners for the purpose of managing and controlling their maritime domain. The applications include security, safety, search & rescue, law enforcement, fisheries management, illegal fishing detection, and environmental monitoring. The company is in a single business segment, the Marine technology business, which provides solutions to solve the problem of maritime domain awareness, including products and systems. The company currently operates in the following geographical markets: Europe, the Middle East, North America, the United Kingdom, South East Asia, and others.
39GF Score

Get the complete analysis for SRTMF

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

$1.22
Price
$2.25
GF Value