Caldwell Partners InternationalTSX:CWL -0.98%50 Piotroski F-Score is 8 as of Jun. 27, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates TSX:CWL with a GF Score™ of 50/100 and a GF Value™ of C$0.88 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,063 Business Services companies, Caldwell Partners International ranks better than 97.74% on this metric.
Good Sign:
Piotroski F-Score is 8, 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
Caldwell Partners International has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Caldwell Partners International's Piotroski F-Score or its related term are showing as below:
TSX:CWL'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 6 Max: 9
Current: 8
During the past 13 years, the highest Piotroski F-Score of Caldwell Partners International was 9. The lowest was 1. And the median was 6.
Caldwell Partners International (TSX:CWL) 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.
Caldwell Partners International Piotroski F-Score Related Terms
Caldwell Partners International Piotroski F-Score Historical Data
* 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.
Caldwell Partners International Piotroski F-Score Chart
TSX:CWL vs KFY, RHI, TNET: Piotroski F-Score Comparison
For the Staffing & Employment Services subindustry, Caldwell Partners 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.
Caldwell Partners International Piotroski F-Score vs Business Services Industry
For the Business Services industry and Industrials sector, Caldwell Partners International's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Caldwell Partners International'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.
Caldwell Partners International's current Net Income (TTM) was 2.9.
==> 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.
Caldwell Partners International's current Cash Flow from Operations (TTM) was 8.2.
==> 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.
Caldwell Partners International's return on assets of this year was 0.04700358. Caldwell Partners International's return on assets of last year was 0.02660426.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Caldwell Partners International's gearing of this year was 0.06525543. Caldwell Partners International's gearing of last year was 0.07123914.
==> 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
Caldwell Partners International's current ratio of this year was 1.38421633. Caldwell Partners International's current ratio of last year was 1.38807518.
==> 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.
Caldwell Partners International's number of shares in issue this year was 29.464. Caldwell Partners International's number of shares in issue last year was 29.558.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
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.
Caldwell Partners International's gross margin of this year was 0.21654883. Caldwell Partners International's gross margin of last year was 0.21591806.
==> 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
Caldwell Partners International's asset turnover of this year was 1.87364056. Caldwell Partners International's asset turnover of last year was 1.67504176.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Caldwell Partners International has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Caldwell Partners International (TSX:CWL) has a Piotroski F-Score of 8 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Caldwell Partners International and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Caldwell Partners International's Piotroski F-Score has ranged from 1.00 to 9.00. According to the industry distribution chart, Caldwell Partners International ranks #24 out of 1063 companies in the Business Services industry, placing it in the top 2.3%.
Is Caldwell Partners International's Piotroski F-Score too high?
Caldwell Partners International's current Piotroski F-Score of 8 is 33% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 9.00. The Business Services industry median Piotroski F-Score is 5.00. Caldwell Partners International's value of 8 is 60% above this industry median. Based on the distribution chart, Caldwell Partners International ranks #24 out of 1063 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Caldwell Partners International has a GF Score™ of 50/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Caldwell Partners International's Piotroski F-Score compare to KFY and RHI?
According to the Business Services industry distribution chart, Caldwell Partners International ranks #24 out of 1063 companies for Piotroski F-Score. This places Caldwell Partners International in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Caldwell Partners International's value of 8 is 60% above this benchmark. Historically, Caldwell Partners International's own Piotroski F-Score has ranged from 1.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Caldwell Partners International 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,063 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. Caldwell Partners International's current Piotroski F-Score of 8 is 60% 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 Caldwell Partners International and its competitors. For the Business 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. Caldwell Partners International's current Piotroski F-Score is 8, which is 33% 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 Caldwell Partners International stock overvalued right now?
Based on GuruFocus' analysis, Caldwell Partners International (TSX:CWL) is currently considered Modestly Overvalued. The stock's GF Value™ is C$0.88, compared to a current price of C$1.01 — trading 14.8% above its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Business Services industry median of 5.00. Caldwell Partners International's overall GF Score™ is 50/100 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 Caldwell Partners International (TSX:CWL), the current Piotroski F-Score is 8 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 Caldwell Partners International (TSX:CWL) Overvalued in 2026?
Based on GuruFocus' analysis, Caldwell Partners International stock appears to be overvalued.
The current stock price of C$1.01 is trading 14.8% above its estimated GF Value™ of C$0.88.
GuruFocus considers Caldwell Partners International to be Modestly Overvalued.
Key valuation signals for TSX:CWL:
Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
GF Value™: C$0.88 vs. price of C$1.01 (14.8% above fair value)
Industry Position: 60% above the Business Services median (#24 of 1063)
No single metric tells the full story. See the TSX:CWL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Caldwell Partners International Business Description
Caldwell Partners International Inc is a provider of executive search that specializes in the recruitment of executives for full-time and advisory roles. The company contracts with its clients, on an assignment basis providing advice on the identification, evaluation, assessment, and recommendation of qualified candidates for filling of senior executive positions. It recruits employees for various positions that include Board Services, Human Resources, Information Security, Legal, Marketing, Industrial, Insurance, Healthcare, Media, Real Estate, Technology, etc. The company operates through two segments; Caldwell and IQTalent, out of which the majority revenue is generated from Caldwell segment. The company's operations are spread across Canada, the United States, Asia Pacific, and Europe.
50GF Score
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