Advanced Drainage Systems (STU:6DA) Piotroski F-Score: 4 (As of Jul. 19, 2026) — 33% Below Median

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STU:6DA Advanced Drainage Systems Inc STU:6DA
86 GF Score
Price €128.90
GF Value €128.73
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Advanced Drainage Systems Piotroski F-Score?

Advanced Drainage Systems STU:6DA -2.50% 86 Piotroski F-Score is 4 as of Jul. 19, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates STU:6DA with a GF Score™ of 86/100 and a GF Value™ of €128.73 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,730 Construction companies, Advanced Drainage Systems ranks worse than 65.38% 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

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

STU:6DA' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Advanced Drainage Systems was 8. The lowest was 4. And the median was 6.

Advanced Drainage Systems  (STU:6DA) 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.


Advanced Drainage Systems Piotroski F-Score Related Terms


Advanced Drainage Systems Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Advanced Drainage 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.

Advanced Drainage Systems Piotroski F-Score Chart

Advanced Drainage Systems Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 7.00 7.00 6.00 4.00

Advanced Drainage Systems 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 6.00 6.00 5.00 6.00 4.00

STU:6DA vs SPXC, OC, AAON: Piotroski F-Score Comparison

For the Building Products & Equipment subindustry, Advanced Drainage 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.


Advanced Drainage Systems Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Advanced Drainage Systems's Piotroski F-Score distribution charts can be found below:

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


STU:6DA
86GF Score
Advanced Drainage Systems Inc STU:6DA
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 124.78 + 132.926 + 79.957 + 28.458 = €366 Mil.
Cash Flow from Operations was 238.405 + 200.106 + 229.974 + 34.532 = €703 Mil.
Revenue was 719.506 + 724.525 + 592.124 + 585.398 = €2,622 Mil.
Gross Profit was 286.49 + 289.792 + 221.316 + 205.579 = €1,003 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(3413.583 + 3389.922 + 3475.554 + 3539.242 + 3897.364) / 5 = €3543.133 Mil.
Total Assets at the begining of this year (Mar25) was €3,414 Mil.
Long-Term Debt & Capital Lease Obligation was €1,495 Mil.
Total Current Assets was €1,065 Mil.
Total Current Liabilities was €441 Mil.
Net Income was 149.942 + 117.474 + 77.576 + 71.37 = €416 Mil.

Revenue was 757.447 + 705.132 + 659.464 + 569.579 = €2,692 Mil.
Gross Profit was 308.85 + 264.841 + 230.722 + 209.283 = €1,014 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(3007.4 + 3202.763 + 3185.711 + 3440.153 + 3413.583) / 5 = €3249.922 Mil.
Total Assets at the begining of last year (Mar24) was €3,007 Mil.
Long-Term Debt & Capital Lease Obligation was €1,279 Mil.
Total Current Assets was €1,225 Mil.
Total Current Liabilities was €369 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.

Advanced Drainage Systems's current Net Income (TTM) was 366. ==> 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.

Advanced Drainage Systems's current Cash Flow from Operations (TTM) was 703. ==> 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 (Mar25)
=366.121/3413.583
=0.10725417

ROA (Last Year)=Net Income/Total Assets (Mar24)
=416.362/3007.4
=0.13844583

Advanced Drainage Systems's return on assets of this year was 0.10725417. Advanced Drainage Systems's return on assets of last year was 0.13844583. ==> 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.

Advanced Drainage Systems's current Net Income (TTM) was 366. Advanced Drainage Systems's current Cash Flow from Operations (TTM) was 703. ==> 703 > 366 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=1494.627/3543.133
=0.42183768

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1278.895/3249.922
=0.3935156

Advanced Drainage Systems's gearing of this year was 0.42183768. Advanced Drainage Systems's gearing of last year was 0.3935156. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=1064.667/440.691
=2.41590366

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1225.424/368.516
=3.32529388

Advanced Drainage Systems's current ratio of this year was 2.41590366. Advanced Drainage Systems's current ratio of last year was 3.32529388. ==> 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.

Advanced Drainage Systems's number of shares in issue this year was 78.524. Advanced Drainage Systems's number of shares in issue last year was 78.164. ==> 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
=1003.177/2621.553
=0.38266516

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1013.696/2691.622
=0.37661157

Advanced Drainage Systems's gross margin of this year was 0.38266516. Advanced Drainage Systems's gross margin of last year was 0.37661157. ==> 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)
=2621.553/3413.583
=0.76797693

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2691.622/3007.4
=0.89499967

Advanced Drainage Systems's asset turnover of this year was 0.76797693. Advanced Drainage Systems's asset turnover of last year was 0.89499967. ==> 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
=1+1+0+1+0+0+0+1+0
=4

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

Advanced Drainage Systems 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?
Advanced Drainage Systems (STU:6DA) has a Piotroski F-Score of 4 as of Jul. 19, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Advanced Drainage Systems and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Advanced Drainage Systems' Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Advanced Drainage Systems ranks #1131 out of 1730 companies in the Construction industry, placing it in the top 65.4%.
Is Advanced Drainage Systems' Piotroski F-Score too high?
Advanced Drainage Systems' current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Construction industry median Piotroski F-Score is 5.00. Advanced Drainage Systems' value of 4 is 20% below this industry median. Based on the distribution chart, Advanced Drainage Systems ranks #1131 out of 1730 companies in the Construction industry, which is below the industry midpoint. Overall, Advanced Drainage Systems has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Advanced Drainage Systems' Piotroski F-Score compare to SPXC and OC?
According to the Construction industry distribution chart, Advanced Drainage Systems ranks #1131 out of 1730 companies for Piotroski F-Score. This places Advanced Drainage Systems in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Advanced Drainage Systems' value of 4 is 20% below this benchmark. Historically, Advanced Drainage Systems' own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Advanced Drainage Systems 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,730 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. Advanced Drainage Systems'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 Advanced Drainage Systems and its competitors. For the Construction 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. Advanced Drainage Systems's current Piotroski F-Score is 4, which is 33% 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 Advanced Drainage Systems stock overvalued right now?
Based on GuruFocus' analysis, Advanced Drainage Systems (STU:6DA) is currently considered Fairly Valued. The stock's GF Value™ is €128.73, compared to a current price of €128.90 — trading 0.1% above its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Construction industry median of 5.00. Advanced Drainage Systems' overall GF Score™ is 86/100 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 Advanced Drainage Systems (STU:6DA), the current Piotroski F-Score is 4 as of Jul. 19, 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 Advanced Drainage Systems (STU:6DA) Overvalued in 2026?

Based on GuruFocus' analysis, Advanced Drainage Systems stock appears to be overvalued. The current stock price of €128.90 is trading 0.1% above its estimated GF Value™ of €128.73. GuruFocus considers Advanced Drainage Systems to be Fairly Valued.

Key valuation signals for STU:6DA:

  • Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
  • GF Value™: €128.73 vs. price of €128.90 (0.1% above fair value)
  • GF Score™: 86/100 with 3 warning signs
  • Industry Position: 20% below the Construction median (#1131 of 1730)

No single metric tells the full story. See the STU:6DA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Advanced Drainage Systems Business Description

Address 4024 Green Stripe Lane, Hilliard, OH, USA, 43026
Advanced Drainage Systems Inc designs, manufactures and markets water management solutions in the stormwater and onsite wastewater industries, providing superior drainage solutions for use in the construction and agriculture markets. The company's products are used across a broad range of end markets and applications, including non-residential, residential, infrastructure and agriculture applications. It has two reportable segments: Stormwater and Wastewater. It derives the majority of revenue from the Stormwater segment, which manufactures and markets thermoplastic corrugated pipe and complementary products, including single wall pipe, N-12 HDPE pipe, polypropylene pipe, StormTech, Nyloplast, Inserta Tee, water quality filters and structures, and NDS channel drains, and access boxes.
86GF Score

Get the complete analysis for STU:6DA

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

€128.90
Price
€128.73
GF Value