SYHMY (Synthomer) Piotroski F-Score: 3 (As of Jun. 26, 2026) — 40% Below Median


SYHMY Synthomer PLC SYHMY
64 GF Score
Price $1.75
GF Value $1.23
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Synthomer Piotroski F-Score?

Synthomer SYHMY 64 Piotroski F-Score is 3 as of Jun. 26, 2026, which is 40% below its 10-year median of 5.00. GuruFocus rates SYHMY with a GF Score™ of 64/100 and a GF Value™ of $1.23 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,567 Chemicals companies, Synthomer ranks worse than 82% on this metric.

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Synthomer 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 Synthomer's Piotroski F-Score or its related term are showing as below:

SYHMY' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 3

During the past 13 years, the highest Piotroski F-Score of Synthomer was 8. The lowest was 3. And the median was 5.

Synthomer  (OTCPK:SYHMY) 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.


Synthomer Piotroski F-Score Related Terms


Synthomer Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Synthomer'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.

Synthomer Piotroski F-Score Chart

Synthomer 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 3.00 3.00 4.00 3.00

Synthomer Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 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 3.00 0.00 4.00 0.00 3.00

SYHMY vs LIN, SHW, ECL: Piotroski F-Score Comparison

For the Specialty Chemicals subindustry, Synthomer'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.


Synthomer Piotroski F-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Synthomer's Piotroski F-Score distribution charts can be found below:

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


SYHMY
64GF Score
Synthomer PLC SYHMY
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was $-210 Mil.
Cash Flow from Operations was $166 Mil.
Revenue was $2,328 Mil.
Gross Profit was $2,328 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (3207.585 + 3052.878) / 2 = $3130.2315 Mil.
Total Assets at the begining of this year (Dec24) was $3,208 Mil.
Long-Term Debt & Capital Lease Obligation was $1,071 Mil.
Total Current Assets was $922 Mil.
Total Current Liabilities was $586 Mil.
Net Income was $-92 Mil.

Revenue was $2,444 Mil.
Gross Profit was $2,444 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (3426.203 + 3207.585) / 2 = $3316.894 Mil.
Total Assets at the begining of last year (Dec23) was $3,426 Mil.
Long-Term Debt & Capital Lease Obligation was $938 Mil.
Total Current Assets was $1,044 Mil.
Total Current Liabilities was $702 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.

Synthomer's current Net Income (TTM) was -210. ==> 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.

Synthomer's current Cash Flow from Operations (TTM) was 166. ==> 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 (Dec24)
=-210.174/3207.585
=-0.06552406

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-91.783/3426.203
=-0.02678855

Synthomer's return on assets of this year was -0.06552406. Synthomer's return on assets of last year was -0.02678855. ==> 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.

Synthomer's current Net Income (TTM) was -210. Synthomer's current Cash Flow from Operations (TTM) was 166. ==> 166 > -210 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=1070.549/3130.2315
=0.34200314

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=938.306/3316.894
=0.28288694

Synthomer's gearing of this year was 0.34200314. Synthomer's gearing of last year was 0.28288694. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=922.088/586.479
=1.57224385

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=1044.374/701.77
=1.48819984

Synthomer's current ratio of this year was 1.57224385. Synthomer's current ratio of last year was 1.48819984. ==> 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.

Synthomer's number of shares in issue this year was 168.766. Synthomer's number of shares in issue last year was 164.551. ==> 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
=2328.246/2328.246
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2443.869/2443.869
=1

Synthomer's gross margin of this year was 1. Synthomer's gross margin of last year was 1. ==> 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 (Dec24)
=2328.246/3207.585
=0.72585637

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=2443.869/3426.203
=0.71328786

Synthomer's asset turnover of this year was 0.72585637. Synthomer's asset turnover of last year was 0.71328786. ==> 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+1+0+1+0+1+0+0+1
=4

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

Synthomer 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 3 mean?
Synthomer (SYHMY) has a Piotroski F-Score of 3 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Synthomer and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, Synthomer's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Synthomer ranks #1285 out of 1567 companies in the Chemicals industry, placing it in the top 82%.
Is Synthomer's Piotroski F-Score too high?
Synthomer's current Piotroski F-Score of 3 is 40% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Chemicals industry median Piotroski F-Score is 5.00. Synthomer's value of 3 is 40% below this industry median. Based on the distribution chart, Synthomer ranks #1285 out of 1567 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Synthomer has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Synthomer's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Synthomer ranks #1285 out of 1567 companies for Piotroski F-Score. This places Synthomer in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Synthomer's value of 3 is 40% below this benchmark. Historically, Synthomer's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Synthomer 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,567 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. Synthomer's current Piotroski F-Score of 3 is 40% 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 Synthomer and its competitors. For the Chemicals 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. Synthomer's current Piotroski F-Score is 3, which is 40% below 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 Synthomer stock overvalued right now?
Based on GuruFocus' analysis, Synthomer (SYHMY) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.23, compared to a current price of $1.75 — trading 42.3% above its estimated fair value. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 40% below the Chemicals industry median of 5.00. Synthomer's overall GF Score™ is 64/100 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 Synthomer (SYHMY), the current Piotroski F-Score is 3 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 Synthomer (SYHMY) Overvalued in 2026?

Based on GuruFocus' analysis, Synthomer stock appears to be overvalued. The current stock price of $1.75 is trading 42.3% above its estimated GF Value™ of $1.23. GuruFocus considers Synthomer to be Significantly Overvalued.

Key valuation signals for SYHMY:

  • Piotroski F-Score: 3 (40% below median its 10-year median of 5.00)
  • GF Value™: $1.23 vs. price of $1.75 (42.3% above fair value)
  • GF Score™: 64/100 with 6 warning signs
  • Industry Position: 40% below the Chemicals median (#1285 of 1567)

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


Synthomer Business Description

Address 10 Greycoat Place, London, GBR, SW1P 1SB
Synthomer PLC is a specialty chemicals company. It supplies a variety of chemicals including latex and adhesives, which are used in a wide range of markets such as construction, coatings, textiles, paper, and healthcare. The company's markets and products include Adhesives, Coatings, Construction, Health & Protection, Energy Solutions, Performance Materials and Paper, Carpet & Foam. The segments of the company are Coatings & Construction Solutions, Adhesive Solutions, Health & Protection and Performance Materials, and corporate. A vast majority of the company's revenue is generated from Coatings & Construction Solutions.
64GF Score

Get the complete analysis for SYHMY

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

$1.75
Price
$1.23
GF Value