StepStone GroupSTEP -2.20%50 Piotroski F-Score is 4 as of Jun. 26, 2026, which is at its 10-year median of 4.00. GuruFocus rates STEP with a GF Score™ of 50/100 and a GF Value™ of $90.75 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,597 Asset Management companies, StepStone Group ranks worse than 56.79% 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
StepStone Group 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 StepStone Group's Piotroski F-Score or its related term are showing as below:
STEP'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 4 Max: 7
Current: 4
During the past 9 years, the highest Piotroski F-Score of StepStone Group was 7. The lowest was 4. And the median was 4.
StepStone Group (NAS:STEP) 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.
StepStone Group Piotroski F-Score Related Terms
StepStone Group Piotroski F-Score Historical Data
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The historical data trend for StepStone 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.
STEP vs DNP, UTG, HLNE: Piotroski F-Score Comparison
For the Asset Management subindustry, StepStone 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.
StepStone Group Piotroski F-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, StepStone Group's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where StepStone 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.
StepStone Group's current Net Income (TTM) was -536.
==> 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.
StepStone Group's return on assets of this year was -0.11681793. StepStone Group's return on assets of last year was -0.04739302.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
StepStone Group's gearing of this year was 0.22567692. StepStone Group's gearing of last year was 0.06863955.
==> 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
StepStone Group's current ratio of this year was 1.48878401. StepStone Group's current ratio of last year was 1.10353588.
==> 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.
StepStone Group's number of shares in issue this year was 80.275. StepStone Group's number of shares in issue last year was 75.888.
==> 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.
StepStone Group's gross margin of this year was 0.45442498. StepStone Group's gross margin of last year was 0.4933999.
==> 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
StepStone Group's asset turnover of this year was 0.43464932. StepStone Group's asset turnover of last year was 0.31007914.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
StepStone Group has an F-score of 4 indicating the company's financial situation is typical for a stable company.
StepStone Group (STEP) has a Piotroski F-Score of 4 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on StepStone Group and its competitors. This is near median its historical median of 4.00. Over the past decade, StepStone Group's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, StepStone Group ranks #907 out of 1597 companies in the Asset Management industry, placing it in the top 56.8%.
Is StepStone Group's Piotroski F-Score too high?
StepStone Group's current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Asset Management industry median Piotroski F-Score is 5.00. StepStone Group's value of 4 is 20% below this industry median. Based on the distribution chart, StepStone Group ranks #907 out of 1597 companies in the Asset Management industry, which is below the industry midpoint. Overall, StepStone Group has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does StepStone Group's Piotroski F-Score compare to DNP and UTG?
According to the Asset Management industry distribution chart, StepStone Group ranks #907 out of 1597 companies for Piotroski F-Score. This places StepStone Group in the lower half of its industry. The industry median Piotroski F-Score is 5.00. StepStone Group's value of 4 is 20% below this benchmark. Historically, StepStone Group's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, StepStone 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. StepStone Group'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 StepStone 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. StepStone Group's current Piotroski F-Score is 4, which is near 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 StepStone Group stock overvalued right now?
Based on GuruFocus' analysis, StepStone Group (STEP) is currently considered Possible Value Trap. The stock's GF Value™ is $90.75, compared to a current price of $40.03 — trading 55.9% below its estimated fair value. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Asset Management industry median of 5.00. StepStone Group's overall GF Score™ is 50/100 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 StepStone Group (STEP), the current Piotroski F-Score is 4 as of Jun. 26, 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 StepStone Group (STEP) Overvalued in 2026?
Based on GuruFocus' analysis, StepStone Group stock appears to be undervalued.
The current stock price of $40.03 is trading 55.9% below its estimated GF Value™ of $90.75.
GuruFocus considers StepStone Group to be Possible Value Trap.
Key valuation signals for STEP:
Piotroski F-Score: 4 (near median its 10-year median of 4.00)
GF Value™: $90.75 vs. price of $40.03 (55.9% below fair value)
Industry Position: 20% below the Asset Management median (#907 of 1597)
No single metric tells the full story. See the STEP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
StepStone Group Inc operates as a fully integrated private markets solution provider. The company provides customized investment solutions and advisory and data services. It provides investment solutions in the areas of private equity, real estate, private debt, and infrastructure and real assets. The company consists of a single operating segment and a single reportable segment for accounting and financial reporting purposes.
50GF Score
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