Adecco Group AGAHEXY -0.53%62 Piotroski F-Score is 6 as of Jun. 24, 2026, which is at its 10-year median of 6.00. GuruFocus rates AHEXY with a GF Score™ of 62/100 and a GF Value™ of $15.85 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,063 Business Services companies, Adecco Group AG ranks better than 72.25% 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
Adecco Group AG 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 Adecco Group AG's Piotroski F-Score or its related term are showing as below:
AHEXY'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 8
Current: 6
During the past 13 years, the highest Piotroski F-Score of Adecco Group AG was 8. The lowest was 3. And the median was 6.
Adecco Group AG (OTCPK:AHEXY) 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.
Adecco Group AG Piotroski F-Score Related Terms
Adecco Group AG Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Adecco Group AG'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.
AHEXY vs KFY, RHI, TNET: Piotroski F-Score Comparison
For the Staffing & Employment Services subindustry, Adecco Group AG'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.
Adecco Group AG Piotroski F-Score vs Business Services Industry
For the Business Services industry and Industrials sector, Adecco Group AG's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Adecco Group AG'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.
This Year (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 66.897 + 104.46 + 101.874 + 79.769 = $353 Mil. Cash Flow from Operations was 93.426 + 234.742 + 557.377 + -205.78 = $680 Mil. Revenue was 6660.9 + 6779.343 + 6976.581 + 6541.04 = $26,958 Mil. Gross Profit was 1257.209 + 1299.296 + 1336.066 + 1228.902 = $5,121 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(12960 + 13666.667 + 13838.028 + 13765.808 + 13897.11) / 5 = $13625.5226 Mil. Total Assets at the begining of this year (Mar25) was $12,960 Mil. Long-Term Debt & Capital Lease Obligation was $3,311 Mil. Total Current Assets was $6,108 Mil. Total Current Liabilities was $5,756 Mil.
Net Income was 62.433 + 109.878 + 76.44 + 64.865 = $314 Mil.
Revenue was 6290.635 + 6330.744 + 6149.738 + 6024.865 = $24,796 Mil. Gross Profit was 1218.515 + 1226.415 + 1182.199 + 1171.892 = $4,799 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(13361.957 + 13062.433 + 13170.921 + 12669.11 + 12960) / 5 = $13044.8842 Mil. Total Assets at the begining of last year (Mar24) was $13,362 Mil. Long-Term Debt & Capital Lease Obligation was $3,214 Mil. Total Current Assets was $5,434 Mil. Total Current Liabilities was $5,106 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.
Adecco Group AG's current Net Income (TTM) was 353.
==> 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.
Adecco Group AG's return on assets of this year was 0.02723765. Adecco Group AG's return on assets of last year was 0.02347081.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Adecco Group AG's gearing of this year was 0.24299861. Adecco Group AG's gearing of last year was 0.24638425.
==> 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
Adecco Group AG's current ratio of this year was 1.06105643. Adecco Group AG's current ratio of last year was 1.06415422.
==> 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.
Adecco Group AG's number of shares in issue this year was 336.213. Adecco Group AG's number of shares in issue last year was 335.064.
==> 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.
Adecco Group AG's gross margin of this year was 0.18998067. Adecco Group AG's gross margin of last year was 0.19354027.
==> 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
Adecco Group AG's asset turnover of this year was 2.0800821. Adecco Group AG's asset turnover of last year was 1.85571485.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Adecco Group AG has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Adecco Group AG (AHEXY) has a Piotroski F-Score of 6 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Adecco Group AG and its competitors. This is near median its historical median of 6.00. Over the past decade, Adecco Group AG's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Adecco Group AG ranks #295 out of 1063 companies in the Business Services industry, placing it in the top 27.8%.
Is Adecco Group AG's Piotroski F-Score too high?
Adecco Group AG's current Piotroski F-Score of 6 is near 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. Adecco Group AG's value of 6 is 20% above this industry median. Based on the distribution chart, Adecco Group AG ranks #295 out of 1063 companies in the Business Services industry, which is above the industry midpoint. Overall, Adecco Group AG has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Adecco Group AG's Piotroski F-Score compare to KFY and RHI?
According to the Business Services industry distribution chart, Adecco Group AG ranks #295 out of 1063 companies for Piotroski F-Score. This puts Adecco Group AG in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Adecco Group AG's value of 6 is 20% above this benchmark. Historically, Adecco Group AG'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, Adecco Group AG 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. Adecco Group AG's current Piotroski F-Score of 6 is 20% 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 Adecco Group AG 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. Adecco Group AG's current Piotroski F-Score is 6, which is near 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 Adecco Group AG stock overvalued right now?
Based on GuruFocus' analysis, Adecco Group AG (AHEXY) is currently considered Significantly Undervalued. The stock's GF Value™ is $15.85, compared to a current price of $9.18 — trading 42.1% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Business Services industry median of 5.00. Adecco Group AG's overall GF Score™ is 62/100 with 3 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 Adecco Group AG (AHEXY), the current Piotroski F-Score is 6 as of Jun. 24, 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 Adecco Group AG (AHEXY) Overvalued in 2026?
Based on GuruFocus' analysis, Adecco Group AG stock appears to be undervalued.
The current stock price of $9.18 is trading 42.1% below its estimated GF Value™ of $15.85.
GuruFocus considers Adecco Group AG to be Significantly Undervalued.
Key valuation signals for AHEXY:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: $15.85 vs. price of $9.18 (42.1% below fair value)
Industry Position: 20% above the Business Services median (#295 of 1063)
No single metric tells the full story. See the AHEXY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adecco Group provides human capital solutions. The majority of its revenue comes from flexible placement, but the company also offers permanent placement, career transition, outsourcing, and consulting services in engineering, digital, and IT. The company is organized into three business units—Adecco, Akkodis, and LHH—and operates in over 60 countries.
62GF Score
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