SSII (SS Innovations International) Piotroski F-Score: 4 (As of Jun. 27, 2026) — 33% Above Median


SSII SS Innovations International Inc SSII
35 GF Score
Price $3.36
GF Value $18.53
Valuation Possible Value Trap
! 3 Warning Signs
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What is SS Innovations International Piotroski F-Score?

SS Innovations International SSII -6.70% 35 Piotroski F-Score is 4 as of Jun. 27, 2026, which is 33% above its 10-year median of 3.00. GuruFocus rates SSII with a GF Score™ of 35/100 and a GF Value™ of $18.53 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 805 Medical Devices & Instruments companies, SS Innovations International ranks worse than 56.52% 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

SS Innovations International has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for SS Innovations International's Piotroski F-Score or its related term are showing as below:

SSII' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 3   Max: 5
Current: 4

During the past 10 years, the highest Piotroski F-Score of SS Innovations International was 5. The lowest was 2. And the median was 3.

SS Innovations International  (NAS:SSII) 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.


SS Innovations International Piotroski F-Score Related Terms


SS Innovations International Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for SS Innovations International'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.

SS Innovations International Piotroski F-Score Chart

SS Innovations International Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 2.00 5.00 5.00 5.00

SS Innovations International Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 5.00 4.00 5.00 5.00 4.00

SSII vs LMRI, AVR, CBLL: Piotroski F-Score Comparison

For the Medical Devices subindustry, SS Innovations International'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.


SS Innovations International Piotroski F-Score vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, SS Innovations International's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where SS Innovations International's Piotroski F-Score falls into.


SSII
35GF Score
SS Innovations International Inc SSII
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was -0.257 + -3.718 + -2.471 + -3.583 = $-10.03 Mil.
Cash Flow from Operations was -3.452 + -7.468 + -1.52 + -2.312 = $-14.75 Mil.
Revenue was 10 + 12.829 + 14.534 + 11.101 = $48.46 Mil.
Gross Profit was 5.915 + 6.165 + 6.377 + 5.327 = $23.78 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(63.457 + 69.978 + 69.577 + 74.226 + 90.547) / 5 = $73.557 Mil.
Total Assets at the begining of this year (Mar25) was $63.46 Mil.
Long-Term Debt & Capital Lease Obligation was $2.09 Mil.
Total Current Assets was $66.26 Mil.
Total Current Liabilities was $26.05 Mil.
Net Income was -4.141 + -3.245 + -1.923 + -5.681 = $-14.99 Mil.

Revenue was 4.509 + 4.387 + 8.116 + 5.121 = $22.13 Mil.
Gross Profit was 1.438 + 2.317 + 3.969 + 1.087 = $8.81 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(31.045 + 38.317 + 37.812 + 42.385 + 63.457) / 5 = $42.6032 Mil.
Total Assets at the begining of last year (Mar24) was $31.05 Mil.
Long-Term Debt & Capital Lease Obligation was $2.40 Mil.
Total Current Assets was $47.62 Mil.
Total Current Liabilities was $15.00 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.

SS Innovations International's current Net Income (TTM) was -10.03. ==> 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.

SS Innovations International's current Cash Flow from Operations (TTM) was -14.75. ==> 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 (Mar25)
=-10.029/63.457
=-0.15804403

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-14.99/31.045
=-0.48284748

SS Innovations International's return on assets of this year was -0.15804403. SS Innovations International's return on assets of last year was -0.48284748. ==> 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.

SS Innovations International's current Net Income (TTM) was -10.03. SS Innovations International's current Cash Flow from Operations (TTM) was -14.75. ==> -14.75 <= -10.03 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=2.087/73.557
=0.02837255

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=2.403/42.6032
=0.05640421

SS Innovations International's gearing of this year was 0.02837255. SS Innovations International's gearing of last year was 0.05640421. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=66.262/26.045
=2.54413515

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=47.62/14.997
=3.17530173

SS Innovations International's current ratio of this year was 2.54413515. SS Innovations International's current ratio of last year was 3.17530173. ==> 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.

SS Innovations International's number of shares in issue this year was 205.31. SS Innovations International's number of shares in issue last year was 188.6. ==> 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
=23.784/48.464
=0.49075603

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=8.811/22.133
=0.39809334

SS Innovations International's gross margin of this year was 0.49075603. SS Innovations International's gross margin of last year was 0.39809334. ==> This year's gross margin is higher. ==> Score 1.

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 (Mar25)
=48.464/63.457
=0.76372977

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=22.133/31.045
=0.71293284

SS Innovations International's asset turnover of this year was 0.76372977. SS Innovations International's asset turnover of last year was 0.71293284. ==> 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
=0+0+1+0+1+0+0+1+1
=4

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

SS Innovations International has an F-score of 4 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 4 mean?
SS Innovations International (SSII) has a Piotroski F-Score of 4 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on SS Innovations International and its competitors. This is 33% above median its historical median of 3.00. Over the past decade, SS Innovations International's Piotroski F-Score has ranged from 2.00 to 5.00. According to the industry distribution chart, SS Innovations International ranks #455 out of 805 companies in the Medical Devices & Instruments industry, placing it in the top 56.5%.
Is SS Innovations International's Piotroski F-Score too high?
SS Innovations International's current Piotroski F-Score of 4 is 33% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 5.00. The Medical Devices & Instruments industry median Piotroski F-Score is 5.00. SS Innovations International's value of 4 is 20% below this industry median. Based on the distribution chart, SS Innovations International ranks #455 out of 805 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, SS Innovations International has a GF Score™ of 35/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does SS Innovations International's Piotroski F-Score compare to LMRI and AVR?
According to the Medical Devices & Instruments industry distribution chart, SS Innovations International ranks #455 out of 805 companies for Piotroski F-Score. This places SS Innovations International in the lower half of its industry. The industry median Piotroski F-Score is 5.00. SS Innovations International's value of 4 is 20% below this benchmark. Historically, SS Innovations International's own Piotroski F-Score has ranged from 2.00 to 5.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, SS Innovations International 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 Medical Devices & Instruments company?
The median Piotroski F-Score among Medical Devices & Instruments companies is 5.00, based on 805 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. SS Innovations International's current Piotroski F-Score of 4 is 20% 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 SS Innovations International and its competitors. For the Medical Devices & Instruments 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. SS Innovations International's current Piotroski F-Score is 4, which is 33% above median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SS Innovations International stock overvalued right now?
Based on GuruFocus' analysis, SS Innovations International (SSII) is currently considered Possible Value Trap. The stock's GF Value™ is $18.53, compared to a current price of $3.36 — trading 81.9% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% above median its 10-year median of 3.00 and 20% below the Medical Devices & Instruments industry median of 5.00. SS Innovations International's overall GF Score™ is 35/100 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 SS Innovations International (SSII), the current Piotroski F-Score is 4 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 SS Innovations International (SSII) Overvalued in 2026?

Based on GuruFocus' analysis, SS Innovations International stock appears to be undervalued. The current stock price of $3.36 is trading 81.9% below its estimated GF Value™ of $18.53. GuruFocus considers SS Innovations International to be Possible Value Trap.

Key valuation signals for SSII:

  • Piotroski F-Score: 4 (33% above median its 10-year median of 3.00)
  • GF Value™: $18.53 vs. price of $3.36 (81.9% below fair value)
  • GF Score™: 35/100 with 3 warning signs
  • Industry Position: 20% below the Medical Devices & Instruments median (#455 of 805)

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


SS Innovations International Business Description

Address Udyog Vihar, Phase III, 404-405, 3rd Floor, iLabs Info Technology Centre, Gurugram, HR, IND, 122016
SS Innovations International Inc is a commercial-stage surgical robotics company. It designs, manufactures, and markets a surgical robotic system called the SSi Mantra Surgical Robotic System (the SSi Mantra) intended for use in urology, general, gynecology, colorectal, gastroenterology, head and neck, thoracic, and cardiac surgeries. Additionally, the company offers a suite of stapling, energy, and core instrumentation for its surgical systems, under the brand name of SSi Mudra.
35GF Score

Get the complete analysis for SSII

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

$3.36
Price
$18.53
GF Value