Information Services (TSX:ISC) Piotroski F-Score: 7 (As of Jun. 26, 2026) — 17% Above Median


TSX:ISC Information Services Corp TSX:ISC
86 GF Score
Price C$51.20
GF Value C$30.61
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Information Services Piotroski F-Score?

Information Services TSX:ISC +0.43% 86 Piotroski F-Score is 7 as of Jun. 26, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates TSX:ISC with a GF Score™ of 86/100 and a GF Value™ of C$30.61 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,063 Business Services companies, Information Services ranks better than 89.09% 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

Information Services has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

TSX:ISC' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Information Services was 8. The lowest was 3. And the median was 6.

Information Services  (TSX:ISC) 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.


Information Services Piotroski F-Score Related Terms


Information Services Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Information 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.

Information Services Piotroski F-Score Chart

Information 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 5.00 4.00 5.00 7.00

Information 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 6.00 5.00 7.00 7.00 7.00

TSX:ISC vs CTAS, CPRT, GPN: Piotroski F-Score Comparison

For the Specialty Business Services subindustry, Information 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.


Information Services Piotroski F-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Information Services's Piotroski F-Score distribution charts can be found below:

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


TSX:ISC
86GF Score
Information Services Corp TSX:ISC
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 5.89 + 8.509 + 4.869 + 9.162 = C$28.4 Mil.
Cash Flow from Operations was 22.87 + 22.612 + 26.314 + 13.719 = C$85.5 Mil.
Revenue was 67.312 + 65.629 + 65.52 + 61.809 = C$260.3 Mil.
Gross Profit was 46.412 + 45.978 + 46.281 + 42.609 = C$181.3 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(523.344 + 524.122 + 517.65 + 516.582 + 515.572) / 5 = C$519.454 Mil.
Total Assets at the begining of this year (Mar25) was C$523.3 Mil.
Long-Term Debt & Capital Lease Obligation was C$159.7 Mil.
Total Current Assets was C$48.6 Mil.
Total Current Liabilities was C$85.6 Mil.
Net Income was 10.319 + 4.203 + 5.296 + 7.486 = C$27.3 Mil.

Revenue was 67.848 + 60.932 + 62.186 + 59.305 = C$250.3 Mil.
Gross Profit was 46.017 + 40.817 + 40.514 + 40.89 = C$168.2 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(532.783 + 532.062 + 517.7 + 520.022 + 523.344) / 5 = C$525.1822 Mil.
Total Assets at the begining of last year (Mar24) was C$532.8 Mil.
Long-Term Debt & Capital Lease Obligation was C$177.3 Mil.
Total Current Assets was C$47.8 Mil.
Total Current Liabilities was C$65.7 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.

Information Services's current Net Income (TTM) was 28.4. ==> 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.

Information Services's current Cash Flow from Operations (TTM) was 85.5. ==> 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)
=28.43/523.344
=0.05432373

ROA (Last Year)=Net Income/Total Assets (Mar24)
=27.304/532.783
=0.05124788

Information Services's return on assets of this year was 0.05432373. Information Services's return on assets of last year was 0.05124788. ==> This year is higher. ==> Score 1.

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.

Information Services's current Net Income (TTM) was 28.4. Information Services's current Cash Flow from Operations (TTM) was 85.5. ==> 85.5 > 28.4 ==> 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
=159.659/519.454
=0.30735927

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=177.347/525.1822
=0.33768662

Information Services's gearing of this year was 0.30735927. Information Services's gearing of last year was 0.33768662. ==> 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
=48.645/85.567
=0.56850188

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=47.795/65.68
=0.72769488

Information Services's current ratio of this year was 0.56850188. Information Services's current ratio of last year was 0.72769488. ==> 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.

Information Services's number of shares in issue this year was 18.788. Information Services's number of shares in issue last year was 18.621. ==> 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
=181.28/260.27
=0.69650747

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=168.238/250.271
=0.67222331

Information Services's gross margin of this year was 0.69650747. Information Services's gross margin of last year was 0.67222331. ==> 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)
=260.27/523.344
=0.49732107

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=250.271/532.783
=0.46974284

Information Services's asset turnover of this year was 0.49732107. Information Services's asset turnover of last year was 0.46974284. ==> 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
=1+1+1+1+1+0+0+1+1
=7

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

Information Services has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Information Services (TSX:ISC) has a Piotroski F-Score of 7 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Information Services and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Information Services' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Information Services ranks #116 out of 1063 companies in the Business Services industry, placing it in the top 10.9%.
Is Information Services' Piotroski F-Score too high?
Information 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 3.00 to a high of 8.00. The Business Services industry median Piotroski F-Score is 5.00. Information Services' value of 7 is 40% above this industry median. Based on the distribution chart, Information Services ranks #116 out of 1063 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Information Services has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Information Services' Piotroski F-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Information Services ranks #116 out of 1063 companies for Piotroski F-Score. This places Information Services in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Information Services' value of 7 is 40% above this benchmark. Historically, Information Services' own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Information 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 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. Information 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 Information Services 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. Information 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 Information Services stock overvalued right now?
Based on GuruFocus' analysis, Information Services (TSX:ISC) is currently considered Significantly Overvalued. The stock's GF Value™ is C$30.61, compared to a current price of C$51.20 — trading 67.3% above 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 Business Services industry median of 5.00. Information Services' overall GF Score™ is 86/100 with 9 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 Information Services (TSX:ISC), the current Piotroski F-Score is 7 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 Information Services (TSX:ISC) Overvalued in 2026?

Based on GuruFocus' analysis, Information Services stock appears to be overvalued. The current stock price of C$51.20 is trading 67.3% above its estimated GF Value™ of C$30.61. GuruFocus considers Information Services to be Significantly Overvalued.

Key valuation signals for TSX:ISC:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: C$30.61 vs. price of C$51.20 (67.3% above fair value)
  • GF Score™: 86/100 with 9 warning signs
  • Industry Position: 40% above the Business Services median (#116 of 1063)

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


Information Services Business Description

Other Exchanges IRMTF:USA5IS:Germany
Address 10 Research Drive, Suite 300, Regina, SK, CAN, S4S 7J7
Information Services Corp is a Canada-based provider of registry and information management services for public data and records. The company has three segments namely Registry Operations, Services and Technology Solutions. The Registries segment involves the provision of registry and information services and solutions to governments and private sector organizations. The Services segment provides products and services that utilize public records and data to provide value to customers in the financial and legal sectors. Technology Solutions provides the development, delivery and support of registry (and related) technology solutions. The company derives maximum revenue from Registry Operations segment.
86GF Score

Get the complete analysis for TSX:ISC

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

C$51.20
Price
C$30.61
GF Value