Carriage Services (STU:C57) Piotroski F-Score: 7 (As of Aug. 07, 2026) — 17% Above Median

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STU:C57 Carriage Services Inc STU:C57
27 GF Score
Price €35.60
GF Value €37.64
Valuation Fairly Valued
! 4 Warning Signs
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What is Carriage Services Piotroski F-Score?

Carriage Services STU:C57 27 Piotroski F-Score is 7 as of Aug. 07, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates STU:C57 with a GF Score™ of 27/100 and a GF Value™ of €37.64 (Fairly Valued). The stock has 4 warning signs investors should review. Among 92 Personal Services companies, Carriage Services ranks better than 92.39% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Carriage Services has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

STU:C57' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 7

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

Carriage Services  (STU:C57) 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.


Carriage Services Piotroski F-Score Related Terms


Carriage Services Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Carriage Services'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.

Carriage Services Piotroski F-Score Chart

Carriage Services 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 7.00 6.00 6.00 5.00 7.00

Carriage Services 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 7.00 7.00 6.00 7.00 7.00

STU:C57 vs MED, RGS, CLIK: Piotroski F-Score Comparison

For the Personal Services subindustry, Carriage Services'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.


Carriage Services Piotroski F-Score vs Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Carriage Services's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Carriage Services's Piotroski F-Score falls into.


STU:C57
27GF Score
Carriage Services Inc STU:C57
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 10.178 + 5.598 + 10.48 + 11.671 = €37.9 Mil.
Cash Flow from Operations was 7.01 + 21.037 + 12.063 + 12.887 = €53.0 Mil.
Revenue was 88.561 + 87.536 + 90.082 + 91.794 = €358.0 Mil.
Gross Profit was 31.156 + 30.879 + 31.304 + 33.424 = €126.8 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1179.587 + 1106.044 + 1144.023 + 1149.403 + 1166.295) / 5 = €1149.0704 Mil.
Total Assets at the begining of this year (Mar25) was €1,179.6 Mil.
Long-Term Debt & Capital Lease Obligation was €468.4 Mil.
Total Current Assets was €49.4 Mil.
Total Current Liabilities was €42.9 Mil.
Net Income was 5.815 + 8.889 + 9.412 + 19.357 = €43.5 Mil.

Revenue was 95.053 + 90.719 + 93.304 + 99.039 = €378.1 Mil.
Gross Profit was 34.366 + 31.976 + 32.131 + 35.004 = €133.5 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1159.677 + 1179.148 + 1149.152 + 1221.999 + 1179.587) / 5 = €1177.9126 Mil.
Total Assets at the begining of last year (Mar24) was €1,159.7 Mil.
Long-Term Debt & Capital Lease Obligation was €501.9 Mil.
Total Current Assets was €46.2 Mil.
Total Current Liabilities was €48.6 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.

Carriage Services's current Net Income (TTM) was 37.9. ==> 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.

Carriage Services's current Cash Flow from Operations (TTM) was 53.0. ==> 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)
=37.927/1179.587
=0.03215278

ROA (Last Year)=Net Income/Total Assets (Mar24)
=43.473/1159.677
=0.03748716

Carriage Services's return on assets of this year was 0.03215278. Carriage Services's return on assets of last year was 0.03748716. ==> 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.

Carriage Services's current Net Income (TTM) was 37.9. Carriage Services's current Cash Flow from Operations (TTM) was 53.0. ==> 53.0 > 37.9 ==> 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
=468.385/1149.0704
=0.4076208

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=501.934/1177.9126
=0.4261216

Carriage Services's gearing of this year was 0.4076208. Carriage Services's gearing of last year was 0.4261216. ==> 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
=49.424/42.946
=1.15084059

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=46.157/48.573
=0.95026043

Carriage Services's current ratio of this year was 1.15084059. Carriage Services's current ratio of last year was 0.95026043. ==> 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.

Carriage Services's number of shares in issue this year was 15.779. Carriage Services's number of shares in issue last year was 15.389. ==> 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
=126.763/357.973
=0.3541133

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=133.477/378.115
=0.35300636

Carriage Services's gross margin of this year was 0.3541133. Carriage Services's gross margin of last year was 0.35300636. ==> 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)
=357.973/1179.587
=0.30347316

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=378.115/1159.677
=0.326052

Carriage Services's asset turnover of this year was 0.30347316. Carriage Services's asset turnover of last year was 0.326052. ==> 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+1+1+0+1+0
=6

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

Carriage Services has an F-score of 6 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 7 mean?
Carriage Services (STU:C57) has a Piotroski F-Score of 7 as of Aug. 07, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Carriage Services and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Carriage Services' Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Carriage Services ranks #7 out of 92 companies in the Personal Services industry, placing it in the top 7.6%.
Is Carriage Services' Piotroski F-Score too high?
Carriage Services' current Piotroski F-Score of 7 is 17% above 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 Personal Services industry median Piotroski F-Score is 5.00. Carriage Services' value of 7 is 40% above this industry median. Based on the distribution chart, Carriage Services ranks #7 out of 92 companies in the Personal Services industry, which is in the top quartile — a strong position relative to peers. Overall, Carriage Services has a GF Score™ of 27/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Carriage Services' Piotroski F-Score compare to MED and RGS?
According to the Personal Services industry distribution chart, Carriage Services ranks #7 out of 92 companies for Piotroski F-Score. This places Carriage Services in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Carriage Services' value of 7 is 40% above this benchmark. Historically, Carriage Services' 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, Carriage Services has consistently been above 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 Personal Services company?
The median Piotroski F-Score among Personal Services companies is 5.00, based on 92 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. Carriage Services's current Piotroski F-Score of 7 is 40% above 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 Carriage Services and its competitors. For the Personal Services 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. Carriage Services's current Piotroski F-Score is 7, which is 17% above 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 Carriage Services stock overvalued right now?
Based on GuruFocus' analysis, Carriage Services (STU:C57) is currently considered Fairly Valued. The stock's GF Value™ is €37.64, compared to a current price of €35.60 — trading 5.4% below its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Personal Services industry median of 5.00. Carriage Services' overall GF Score™ is 27/100 with 4 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 Carriage Services (STU:C57), the current Piotroski F-Score is 7 as of Aug. 07, 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 Carriage Services (STU:C57) Overvalued in 2026?

Based on GuruFocus' analysis, Carriage Services stock appears to be undervalued. The current stock price of €35.60 is trading 5.4% below its estimated GF Value™ of €37.64. GuruFocus considers Carriage Services to be Fairly Valued.

Key valuation signals for STU:C57:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: €37.64 vs. price of €35.60 (5.4% below fair value)
  • GF Score™: 27/100 with 4 warning signs
  • Industry Position: 40% above the Personal Services median (#7 of 92)

No single metric tells the full story. See the STU:C57 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Carriage Services Business Description

Other Exchanges CSV:USA
Address 3040 Post Oak Boulevard, Suite 300, Houston, TX, USA, 77056
Carriage Services Inc is a provider of funeral and cemetery services and merchandise in the United States. It operates in two business segments: The Funeral Home Operations segment offers burial, cremation, and consultation services; removes and prepares remains; sells caskets, urns, and related funeral merchandise. The company enables the use of funeral home facilities for visitation, remembrance, and transportation services. The Cemetery Operations segment provides services, such as mausoleum spaces and niches, private estates, lawn crypt gardens, traditional single burial gravesites, and burial vaults. The majority of revenue is derived from The Funeral Home Operations segment.
27GF Score

Get the complete analysis for STU:C57

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

€35.60
Price
€37.64
GF Value