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Matrix ITXTAE:MTRX +4.92%92 Piotroski F-Score is 5 as of Aug. 26, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates XTAE:MTRX with a GF Score™ of 92/100 and a GF Value™ of ₪86.13 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 2,744 Software companies, Matrix IT ranks better than 60.39% 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
Matrix IT has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Matrix IT's Piotroski F-Score or its related term are showing as below:
XTAE:MTRX'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 8
Current: 5
During the past 13 years, the highest Piotroski F-Score of Matrix IT was 8. The lowest was 3. And the median was 6.
Matrix IT (XTAE:MTRX) 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.
Matrix IT Piotroski F-Score Related Terms
Matrix IT Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Matrix IT'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.
XTAE:MTRX vs IBM, ACN, FISV: Piotroski F-Score Comparison
For the Information Technology Services subindustry, Matrix IT'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.
Matrix IT Piotroski F-Score vs Software Industry
For the Software industry and Technology sector, Matrix IT's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Matrix IT'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.
Matrix IT's current Net Income (TTM) was 402.
==> 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.
Matrix IT's return on assets of this year was 0.0902596. Matrix IT's return on assets of last year was 0.08065058.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Matrix IT's current ratio of this year was 1.18098509. Matrix IT's current ratio of last year was 1.0917543.
==> 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.
Matrix IT's number of shares in issue this year was 92.877. Matrix IT's number of shares in issue last year was 77.039.
==> 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.
Matrix IT's gross margin of this year was 0.16820679. Matrix IT's gross margin of last year was 0.17078341.
==> 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
Matrix IT's asset turnover of this year was 1.68084647. Matrix IT's asset turnover of last year was 1.74699497.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Matrix IT has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Matrix IT (XTAE:MTRX) has a Piotroski F-Score of 5 as of Aug. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Matrix IT and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Matrix IT's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Matrix IT ranks #1087 out of 2744 companies in the Software industry, placing it in the top 39.6%.
Is Matrix IT's Piotroski F-Score too high?
Matrix IT's current Piotroski F-Score of 5 is 17% below 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 Software industry median Piotroski F-Score is 5.00. Matrix IT's value of 5 is 0% at this industry median. Based on the distribution chart, Matrix IT ranks #1087 out of 2744 companies in the Software industry, which is above the industry midpoint. Overall, Matrix IT has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Matrix IT's Piotroski F-Score compare to IBM and ACN?
According to the Software industry distribution chart, Matrix IT ranks #1087 out of 2744 companies for Piotroski F-Score. This puts Matrix IT in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Matrix IT's value of 5 is 0% at this benchmark. Historically, Matrix IT'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 6.00 vs. the industry median of 5.00, Matrix IT has consistently been at 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,744 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. Matrix IT's current Piotroski F-Score of 5 is 0% at 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 Matrix IT and its competitors. For the Software 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. Matrix IT's current Piotroski F-Score is 5, which is 17% 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 Matrix IT stock overvalued right now?
Based on GuruFocus' analysis, Matrix IT (XTAE:MTRX) is currently considered Modestly Overvalued. The stock's GF Value™ is ₪86.13, compared to a current price of ₪97.40 — trading 13.1% above its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Software industry median of 5.00. Matrix IT's overall GF Score™ is 92/100 with 1 warning sign 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 Matrix IT (XTAE:MTRX), the current Piotroski F-Score is 5 as of Aug. 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 Matrix IT (XTAE:MTRX) Overvalued in 2026?
Based on GuruFocus' analysis, Matrix IT stock appears to be overvalued.
The current stock price of ₪97.40 is trading 13.1% above its estimated GF Value™ of ₪86.13.
GuruFocus considers Matrix IT to be Modestly Overvalued.
Key valuation signals for XTAE:MTRX:
Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
GF Value™: ₪86.13 vs. price of ₪97.40 (13.1% above fair value)
Industry Position: 0% at the Software median (#1087 of 2744)
No single metric tells the full story. See the XTAE:MTRX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Matrix IT Ltd is an information technology company. It manages segments such as software solutions and value added services in Israel, software product marketing and support services, computer infrastructure and integration solutions, training and implementation, and software solutions and services in USA. Majority of its revenue is derived from its software solutions and services segment. The company's revenue is generated from its Israel operations.
92GF Score
Get the complete analysis for XTAE:MTRX
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