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The Housing Bank for Trade & Finance (AMM:THBK) 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.
The Housing Bank for Trade & Finance Piotroski F-Score Related Terms
The Housing Bank for Trade & Finance 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.
The Housing Bank for Trade & Finance Piotroski F-Score Chart
The Housing Bank for Trade & Finance Piotroski F-Score Competitor Comparison
For the Banks - Regional subindustry, The Housing Bank for Trade & Finance'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.
The Housing Bank for Trade & Finance Piotroski F-Score vs Banks Industry
For the Banks industry and Financial Services sector, The Housing Bank for Trade & Finance's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where The Housing Bank for Trade & Finance'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 (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was 37.479 + 37.655 + 41.716 + 39.4 = JOD156.3 Mil. Cash Flow from Operations was 134.992 + -5.941 + -249.878 + 168.455 = JOD47.6 Mil. Revenue was 109.705 + 109.446 + 118.367 + 116.341 = JOD453.9 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(9282.96 + 9567.853 + 9392.041 + 9659.801 + 9762.684) / 5 = JOD9533.0678 Mil. Total Assets at the begining of this year (Jun25) was JOD9,283.0 Mil. Long-Term Debt & Capital Lease Obligation was JOD310.1 Mil. Total Assets was JOD9,762.7 Mil. Total Liabilities was JOD8,288.4 Mil.
Net Income was 38.319 + 30.985 + 39.506 + 40.234 = JOD149.0 Mil.
Revenue was 112.919 + 109.617 + 114.638 + 113.45 = JOD450.6 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(9027.877 + 9193.873 + 9226.735 + 9247.344 + 9282.96) / 5 = JOD9195.7578 Mil. Total Assets at the begining of last year (Jun24) was JOD9,027.9 Mil. Long-Term Debt & Capital Lease Obligation was JOD205.2 Mil. Total Assets was JOD9,283.0 Mil. Total Liabilities was JOD7,874.4 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.
The Housing Bank for Trade & Finance's current Net Income (TTM) was 156.3.
==> 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.
The Housing Bank for Trade & Finance's current Cash Flow from Operations (TTM) was 47.6.
==> 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.
The Housing Bank for Trade & Finance's return on assets of this year was 0.01683192. The Housing Bank for Trade & Finance's return on assets of last year was 0.01650931.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
The Housing Bank for Trade & Finance's gearing of this year was 0.0325314. The Housing Bank for Trade & Finance's gearing of last year was 0.02231779.
==> 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
* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.
The Housing Bank for Trade & Finance's current ratio of this year was 1.17786791. The Housing Bank for Trade & Finance's current ratio of last year was 1.17888228.
==> 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.
The Housing Bank for Trade & Finance's number of shares in issue this year was 315. The Housing Bank for Trade & Finance's number of shares in issue last year was 315.
==> 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.
* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.
The Housing Bank for Trade & Finance's net margin of this year was 0.34426992. The Housing Bank for Trade & Finance's net margin of last year was 0.33075025.
==> This year's net 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
The Housing Bank for Trade & Finance's asset turnover of this year was 0.04889163. The Housing Bank for Trade & Finance's asset turnover of last year was 0.04991473.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Que. 1
+
Que. 2
+
Que. 3
+
Que. 4
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Que. 5
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Que. 6
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Que. 7
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
The Housing Bank for Trade & Finance has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The Housing Bank for Trade & Finance (AMM:THBK) has a Piotroski F-Score of 5 as of Aug. 14, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on The Housing Bank for Trade & Finance and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, The Housing Bank for Trade & Finance's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, The Housing Bank for Trade & Finance ranks #854 out of 1496 companies in the Banks industry, placing it in the top 57.1%.
Is The Housing Bank for Trade & Finance's Piotroski F-Score too high?
The Housing Bank for Trade & Finance'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 Banks industry median Piotroski F-Score is 6.00. The Housing Bank for Trade & Finance's value of 5 is 16.7% below this industry median. Based on the distribution chart, The Housing Bank for Trade & Finance ranks #854 out of 1496 companies in the Banks industry, which is below the industry midpoint. Overall, The Housing Bank for Trade & Finance has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The Housing Bank for Trade & Finance's Piotroski F-Score compare to competitors?
According to the Banks industry distribution chart, The Housing Bank for Trade & Finance ranks #854 out of 1496 companies for Piotroski F-Score. This places The Housing Bank for Trade & Finance in the lower half of its industry. The industry median Piotroski F-Score is 6.00. The Housing Bank for Trade & Finance's value of 5 is 16.7% below this benchmark. Historically, The Housing Bank for Trade & Finance'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 6.00, The Housing Bank for Trade & Finance 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 Banks company?
The median Piotroski F-Score among Banks companies is 6.00, based on 1,496 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. The Housing Bank for Trade & Finance's current Piotroski F-Score of 5 is 16.7% 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 The Housing Bank for Trade & Finance and its competitors. For the Banks industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Housing Bank for Trade & Finance'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 The Housing Bank for Trade & Finance stock overvalued right now?
Based on GuruFocus' analysis, The Housing Bank for Trade & Finance (AMM:THBK) is currently considered Modestly Overvalued. The stock's GF Value™ is JOD3.89, compared to a current price of JOD4.87 — trading 25.2% 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 16.7% below the Banks industry median of 6.00. The Housing Bank for Trade & Finance's overall GF Score™ is 69/100 with 7 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 The Housing Bank for Trade & Finance (AMM:THBK), the current Piotroski F-Score is 5 as of Aug. 14, 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 The Housing Bank for Trade & Finance (AMM:THBK) Overvalued in 2026?
Based on GuruFocus' analysis, The Housing Bank for Trade & Finance stock appears to be overvalued.
The current stock price of JOD4.87 is trading 25.2% above its estimated GF Value™ of JOD3.89.
GuruFocus considers The Housing Bank for Trade & Finance to be Modestly Overvalued.
Key valuation signals for AMM:THBK:
Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
GF Value™: JOD3.89 vs. price of JOD4.87 (25.2% above fair value)
Industry Position: 16.7% below the Banks median (#854 of 1496)
No single metric tells the full story. See the AMM:THBK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Housing Bank for Trade & Finance is a commercial banking setup based in Jordan. Its operating segments include Retail Banking, Corporate, Corporate Finance, Treasury, and Others. The Retail Banking segment, which generates maximum revenue, includes accepting deposits from individual customers and small businesses and granting loans, credit cards, and other services. Its Corporate segment includes following up on deposits, credit facilities, and other banking services for institutional and corporate clients; the Corporate Finance segment relates to arranging structured finance and providing services relating to privatizations, IPOs, mergers, and acquisitions; and the Treasury segment provides trading and treasury services and management of the bank's funds in money and capital markets.
69GF Score
Get the complete analysis for AMM:THBK
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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