ARHOF (Amrest Holdings SE) Piotroski F-Score: 7 (As of Jun. 25, 2026) — 17% Above Median


ARHOF Amrest Holdings SE ARHOF
66 GF Score
Price $8.52
GF Value $17.89
! 5 Warning Signs
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What is Amrest Holdings SE Piotroski F-Score?

Amrest Holdings SE ARHOF 66 Piotroski F-Score is 7 as of Jun. 25, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates ARHOF with a GF Score™ of 66/100 and a GF Value™ of $17.89. The stock has 5 warning signs investors should review. Among 357 Restaurants companies, Amrest Holdings SE ranks better than 87.39% 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

Amrest Holdings SE 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 Amrest Holdings SE's Piotroski F-Score or its related term are showing as below:

ARHOF' 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 Amrest Holdings SE was 8. The lowest was 3. And the median was 6.

Amrest Holdings SE  (OTCPK:ARHOF) 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.


Amrest Holdings SE Piotroski F-Score Related Terms


Amrest Holdings SE Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Amrest Holdings SE'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.

Amrest Holdings SE Piotroski F-Score Chart

Amrest Holdings SE 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 8.00 5.00 6.00

Amrest Holdings SE 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 5.00 6.00 6.00 6.00 7.00

ARHOF vs MCD, SBUX, CMG: Piotroski F-Score Comparison

For the Restaurants subindustry, Amrest Holdings SE'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.


Amrest Holdings SE Piotroski F-Score vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Amrest Holdings SE's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Amrest Holdings SE's Piotroski F-Score falls into.


ARHOF
66GF Score
Amrest Holdings SE ARHOF
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 8.766 + 17.84 + 3.63 + -19.884 = $10 Mil.
Cash Flow from Operations was 122.261 + 127.817 + 127.635 + 72.37 = $450 Mil.
Revenue was 740.138 + 775.352 + 744.262 + 680.578 = $2,940 Mil.
Gross Profit was 91.349 + 100.235 + 83.724 + 54.798 = $330 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2534.054 + 2688.235 + 2728.873 + 2765.222 + 2691.676) / 5 = $2681.612 Mil.
Total Assets at the begining of this year (Mar25) was $2,534 Mil.
Long-Term Debt & Capital Lease Obligation was $1,543 Mil.
Total Current Assets was $266 Mil.
Total Current Liabilities was $656 Mil.
Net Income was -26.48 + 29.19 + 10.052 + -10.595 = $2 Mil.

Revenue was 687.729 + 731.853 + 696.754 + 670.486 = $2,787 Mil.
Gross Profit was 92.896 + 100 + 89.738 + 64.865 = $347 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2509.891 + 2457.481 + 2573.696 + 2480 + 2534.054) / 5 = $2511.0244 Mil.
Total Assets at the begining of last year (Mar24) was $2,510 Mil.
Long-Term Debt & Capital Lease Obligation was $1,491 Mil.
Total Current Assets was $258 Mil.
Total Current Liabilities was $572 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.

Amrest Holdings SE's current Net Income (TTM) was 10. ==> 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.

Amrest Holdings SE's current Cash Flow from Operations (TTM) was 450. ==> 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)
=10.352/2534.054
=0.00408515

ROA (Last Year)=Net Income/Total Assets (Mar24)
=2.167/2509.891
=0.00086338

Amrest Holdings SE's return on assets of this year was 0.00408515. Amrest Holdings SE's return on assets of last year was 0.00086338. ==> 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.

Amrest Holdings SE's current Net Income (TTM) was 10. Amrest Holdings SE's current Cash Flow from Operations (TTM) was 450. ==> 450 > 10 ==> 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
=1542.89/2681.612
=0.57535915

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1491.459/2511.0244
=0.59396436

Amrest Holdings SE's gearing of this year was 0.57535915. Amrest Holdings SE's gearing of last year was 0.59396436. ==> 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
=266.474/655.954
=0.40623885

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=258.378/572.108
=0.45162452

Amrest Holdings SE's current ratio of this year was 0.40623885. Amrest Holdings SE's current ratio of last year was 0.45162452. ==> 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.

Amrest Holdings SE's number of shares in issue this year was 217.048. Amrest Holdings SE's number of shares in issue last year was 218.518. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=330.106/2940.33
=0.11226835

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=347.499/2786.822
=0.12469365

Amrest Holdings SE's gross margin of this year was 0.11226835. Amrest Holdings SE's gross margin of last year was 0.12469365. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=2940.33/2534.054
=1.1603265

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2786.822/2509.891
=1.11033587

Amrest Holdings SE's asset turnover of this year was 1.1603265. Amrest Holdings SE's asset turnover of last year was 1.11033587. ==> 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+1+0+1
=7

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

Amrest Holdings SE 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?
Amrest Holdings SE (ARHOF) has a Piotroski F-Score of 7 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Amrest Holdings SE and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Amrest Holdings SE's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Amrest Holdings SE ranks #45 out of 357 companies in the Restaurants industry, placing it in the top 12.6%.
Is Amrest Holdings SE's Piotroski F-Score too high?
Amrest Holdings SE's 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 Restaurants industry median Piotroski F-Score is 5.00. Amrest Holdings SE's value of 7 is 40% above this industry median. Based on the distribution chart, Amrest Holdings SE ranks #45 out of 357 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, Amrest Holdings SE has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Amrest Holdings SE's Piotroski F-Score compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Amrest Holdings SE ranks #45 out of 357 companies for Piotroski F-Score. This places Amrest Holdings SE in the top 13% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Amrest Holdings SE's value of 7 is 40% above this benchmark. Historically, Amrest Holdings SE'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, Amrest Holdings SE 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 Restaurants company?
The median Piotroski F-Score among Restaurants companies is 5.00, based on 357 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. Amrest Holdings SE'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 Amrest Holdings SE and its competitors. For the Restaurants 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. Amrest Holdings SE'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 Amrest Holdings SE stock overvalued right now?
Amrest Holdings SE (ARHOF) has a current Piotroski F-Score of 7. The stock's GF Value™ is $17.89, compared to a current price of $8.52 — trading 52.4% below 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 Restaurants industry median of 5.00. Amrest Holdings SE's overall GF Score™ is 66/100 with 5 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 Amrest Holdings SE (ARHOF), the current Piotroski F-Score is 7 as of Jun. 25, 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 Amrest Holdings SE (ARHOF) Overvalued in 2026?

Based on GuruFocus' analysis, Amrest Holdings SE stock appears to be undervalued. The current stock price of $8.52 is trading 52.4% below its estimated GF Value™ of $17.89.

Key valuation signals for ARHOF:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: $17.89 vs. price of $8.52 (52.4% below fair value)
  • GF Score™: 66/100 with 5 warning signs
  • Industry Position: 40% above the Restaurants median (#45 of 357)

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


Amrest Holdings SE Business Description

Address Paseo de la Castellana 163, 10th floor, Madrid, ESP, 28046
Amrest Holdings SE operates restaurants under several brand names, both owned and franchised, in Poland, Spain, the Czech Republic, and several other countries. In the Quick Service category, it operates KFC and Burger King; the Fast Casual Restaurants category is represented by Pizza Hut Delivery and Express, Bacoa and Sushi Shop; the Casual Dining category, is represented by La Tagliatella, Blue Frog, and Pizza Hut Dine-in and the Coffee category is by Starbucks. The company's operating segments include; Central and Eastern Europe which generates key revenue, Western Europe, China, and Others.
66GF Score

Get the complete analysis for ARHOF

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

$8.52
Price
$17.89
GF Value