N.Ververis Moda Bagno (ATH:MODA) Piotroski F-Score: 6 (As of Aug. 22, 2026) — 14% Below Median

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ATH:MODA N.Ververis Moda Bagno SA ATH:MODA
78 GF Score
Price €7.20
GF Value €4.37
Valuation Significantly Overvalued
! 5 Warning Signs
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What is N.Ververis Moda Bagno Piotroski F-Score?

N.Ververis Moda Bagno ATH:MODA 78 Piotroski F-Score is 6 as of Aug. 22, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates ATH:MODA with a GF Score™ of 78/100 and a GF Value™ of €4.37 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 428 Furnishings, Fixtures & Appliances companies, N.Ververis Moda Bagno ranks better than 76.4% 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

N.Ververis Moda Bagno 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 N.Ververis Moda Bagno's Piotroski F-Score or its related term are showing as below:

ATH:MODA' s Piotroski F-Score Range Over the Past 10 Years
Min: 6   Med: 7   Max: 7
Current: 6

During the past 6 years, the highest Piotroski F-Score of N.Ververis Moda Bagno was 7. The lowest was 6. And the median was 7.

N.Ververis Moda Bagno  (ATH:MODA) 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.


N.Ververis Moda Bagno Piotroski F-Score Related Terms


N.Ververis Moda Bagno Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for N.Ververis Moda Bagno'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.

N.Ververis Moda Bagno Piotroski F-Score Chart

N.Ververis Moda Bagno Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A 6.00 7.00 7.00 6.00

N.Ververis Moda Bagno Semi-Annual Data
Jun19 Jun20 Dec20 Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 7.00 0.00 7.00 0.00 6.00

ATH:MODA vs SN, SGI, MHK: Piotroski F-Score Comparison

For the Furnishings, Fixtures & Appliances subindustry, N.Ververis Moda Bagno'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.


N.Ververis Moda Bagno Piotroski F-Score vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, N.Ververis Moda Bagno's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where N.Ververis Moda Bagno's Piotroski F-Score falls into.


ATH:MODA
78GF Score
N.Ververis Moda Bagno SA ATH:MODA
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was €4.07 Mil.
Cash Flow from Operations was €9.00 Mil.
Revenue was €34.49 Mil.
Gross Profit was €18.11 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (49.214 + 55.665) / 2 = €52.4395 Mil.
Total Assets at the begining of this year (Dec24) was €49.21 Mil.
Long-Term Debt & Capital Lease Obligation was €5.98 Mil.
Total Current Assets was €31.33 Mil.
Total Current Liabilities was €17.94 Mil.
Net Income was €3.53 Mil.

Revenue was €33.69 Mil.
Gross Profit was €17.34 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (47.223 + 49.214) / 2 = €48.2185 Mil.
Total Assets at the begining of last year (Dec23) was €47.22 Mil.
Long-Term Debt & Capital Lease Obligation was €4.38 Mil.
Total Current Assets was €28.11 Mil.
Total Current Liabilities was €15.85 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.

N.Ververis Moda Bagno's current Net Income (TTM) was 4.07. ==> 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.

N.Ververis Moda Bagno's current Cash Flow from Operations (TTM) was 9.00. ==> 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 (Dec24)
=4.066/49.214
=0.08261877

ROA (Last Year)=Net Income/Total Assets (Dec23)
=3.526/47.223
=0.07466701

N.Ververis Moda Bagno's return on assets of this year was 0.08261877. N.Ververis Moda Bagno's return on assets of last year was 0.07466701. ==> 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.

N.Ververis Moda Bagno's current Net Income (TTM) was 4.07. N.Ververis Moda Bagno's current Cash Flow from Operations (TTM) was 9.00. ==> 9.00 > 4.07 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=5.982/52.4395
=0.11407431

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=4.38/48.2185
=0.0908365

N.Ververis Moda Bagno's gearing of this year was 0.11407431. N.Ververis Moda Bagno's gearing of last year was 0.0908365. ==> 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

Current Ratio (This Year: Dec25)=Total Current Assets/Total Current Liabilities
=31.332/17.941
=1.74639095

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=28.106/15.851
=1.77313734

N.Ververis Moda Bagno's current ratio of this year was 1.74639095. N.Ververis Moda Bagno's current ratio of last year was 1.77313734. ==> 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.

N.Ververis Moda Bagno's number of shares in issue this year was 18.81. N.Ververis Moda Bagno's number of shares in issue last year was 18.81. ==> 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
=18.106/34.489
=0.52497898

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=17.343/33.687
=0.51482768

N.Ververis Moda Bagno's gross margin of this year was 0.52497898. N.Ververis Moda Bagno's gross margin of last year was 0.51482768. ==> 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 (Dec24)
=34.489/49.214
=0.70079652

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=33.687/47.223
=0.71336002

N.Ververis Moda Bagno's asset turnover of this year was 0.70079652. N.Ververis Moda Bagno's asset turnover of last year was 0.71336002. ==> Last year's asset turnover is higher ==> Score 0.

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+0+0+1+1+0
=6

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

N.Ververis Moda Bagno has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 6 mean?
N.Ververis Moda Bagno (ATH:MODA) has a Piotroski F-Score of 6 as of Aug. 22, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on N.Ververis Moda Bagno and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, N.Ververis Moda Bagno's Piotroski F-Score has ranged from 6.00 to 7.00. According to the industry distribution chart, N.Ververis Moda Bagno ranks #101 out of 428 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 23.6%.
Is N.Ververis Moda Bagno's Piotroski F-Score too high?
N.Ververis Moda Bagno's current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 6.00 to a high of 7.00. The Furnishings, Fixtures & Appliances industry median Piotroski F-Score is 5.00. N.Ververis Moda Bagno's value of 6 is 20% above this industry median. Based on the distribution chart, N.Ververis Moda Bagno ranks #101 out of 428 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, N.Ververis Moda Bagno has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does N.Ververis Moda Bagno's Piotroski F-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, N.Ververis Moda Bagno ranks #101 out of 428 companies for Piotroski F-Score. This places N.Ververis Moda Bagno in the top 24% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. N.Ververis Moda Bagno's value of 6 is 20% above this benchmark. Historically, N.Ververis Moda Bagno's own Piotroski F-Score has ranged from 6.00 to 7.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, N.Ververis Moda Bagno 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 Furnishings, Fixtures & Appliances company?
The median Piotroski F-Score among Furnishings, Fixtures & Appliances companies is 5.00, based on 428 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. N.Ververis Moda Bagno'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 N.Ververis Moda Bagno and its competitors. For the Furnishings, Fixtures & Appliances 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. N.Ververis Moda Bagno's current Piotroski F-Score is 6, which is 14% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is N.Ververis Moda Bagno stock overvalued right now?
Based on GuruFocus' analysis, N.Ververis Moda Bagno (ATH:MODA) is currently considered Significantly Overvalued. The stock's GF Value™ is €4.37, compared to a current price of €7.20 — trading 64.8% above its estimated fair value. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Furnishings, Fixtures & Appliances industry median of 5.00. N.Ververis Moda Bagno's overall GF Score™ is 78/100 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 N.Ververis Moda Bagno (ATH:MODA), the current Piotroski F-Score is 6 as of Aug. 22, 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 N.Ververis Moda Bagno (ATH:MODA) Overvalued in 2026?

Based on GuruFocus' analysis, N.Ververis Moda Bagno stock appears to be overvalued. The current stock price of €7.20 is trading 64.8% above its estimated GF Value™ of €4.37. GuruFocus considers N.Ververis Moda Bagno to be Significantly Overvalued.

Key valuation signals for ATH:MODA:

  • Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
  • GF Value™: €4.37 vs. price of €7.20 (64.8% above fair value)
  • GF Score™: 78/100 with 5 warning signs
  • Industry Position: 20% above the Furnishings, Fixtures & Appliances median (#101 of 428)

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


N.Ververis Moda Bagno Business Description

Address 50, Anapafseos Street, Vrilissia, Athens, GRC, 15235
N.Ververis Moda Bagno SA is engaged in the retail of home furnishings products. It sells wall and floor tiles, sanitary fixtures for the bathroom, bathtubs, kitchen furniture and appliances, office and home furniture, sofas and wooden floors.
78GF Score

Get the complete analysis for ATH:MODA

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

€7.20
Price
€4.37
GF Value