Technical OlympicATH:OLYMP +2.90%70 Piotroski F-Score is 6 as of Jun. 24, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates ATH:OLYMP with a GF Score™ of 70/100 and a GF Value™ of €3.23 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 980 Transportation companies, Technical Olympic ranks better than 72.24% 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
Technical Olympic 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 Technical Olympic's Piotroski F-Score or its related term are showing as below:
ATH:OLYMP'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 5 Max: 8
Current: 6
During the past 13 years, the highest Piotroski F-Score of Technical Olympic was 8. The lowest was 4. And the median was 5.
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.
Technical Olympic Piotroski F-Score Related Terms
Technical Olympic Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Technical Olympic'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.
For the Marine Shipping subindustry, Technical Olympic'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.
Technical Olympic Piotroski F-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Technical Olympic's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Technical Olympic'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.
Technical Olympic's current Net Income (TTM) was 2.96.
==> 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.
Technical Olympic's return on assets of this year was 0.01322631. Technical Olympic's return on assets of last year was 0.02390295.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Technical Olympic's gearing of this year was 0.05026487. Technical Olympic's gearing of last year was 0.06888239.
==> 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
Technical Olympic's current ratio of this year was 3.82296431. Technical Olympic's current ratio of last year was 5.33670901.
==> 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.
Technical Olympic's number of shares in issue this year was 39.848. Technical Olympic's number of shares in issue last year was 39.892.
==> 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.
Technical Olympic's gross margin of this year was 0.37048311. Technical Olympic's gross margin of last year was 0.4252158.
==> 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
Technical Olympic's asset turnover of this year was 0.09098056. Technical Olympic's asset turnover of last year was 0.08591668.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Technical Olympic has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Technical Olympic (ATH:OLYMP) 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 Technical Olympic and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Technical Olympic's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Technical Olympic ranks #272 out of 980 companies in the Transportation industry, placing it in the top 27.8%.
Is Technical Olympic's Piotroski F-Score too high?
Technical Olympic's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Transportation industry median Piotroski F-Score is 6.00. Technical Olympic's value of 6 is 0% at this industry median. Based on the distribution chart, Technical Olympic ranks #272 out of 980 companies in the Transportation industry, which is above the industry midpoint. Overall, Technical Olympic has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Technical Olympic's Piotroski F-Score compare to competitors?
According to the Transportation industry distribution chart, Technical Olympic ranks #272 out of 980 companies for Piotroski F-Score. This puts Technical Olympic in the upper half of its industry. The industry median Piotroski F-Score is 6.00. Technical Olympic's value of 6 is 0% at this benchmark. Historically, Technical Olympic's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Technical Olympic 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 980 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. Technical Olympic's current Piotroski F-Score of 6 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 Technical Olympic and its competitors. For the Transportation 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. Technical Olympic's current Piotroski F-Score is 6, which is 20% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Technical Olympic stock overvalued right now?
Based on GuruFocus' analysis, Technical Olympic (ATH:OLYMP) is currently considered Modestly Undervalued. The stock's GF Value™ is €3.23, compared to a current price of €2.48 — trading 23.2% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 0% at the Transportation industry median of 6.00. Technical Olympic's overall GF Score™ is 70/100 with 6 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 Technical Olympic (ATH:OLYMP), 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 Technical Olympic (ATH:OLYMP) Overvalued in 2026?
Based on GuruFocus' analysis, Technical Olympic stock appears to be undervalued.
The current stock price of €2.48 is trading 23.2% below its estimated GF Value™ of €3.23.
GuruFocus considers Technical Olympic to be Modestly Undervalued.
Key valuation signals for ATH:OLYMP:
Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
GF Value™: €3.23 vs. price of €2.48 (23.2% below fair value)
Industry Position: 0% at the Transportation median (#272 of 980)
No single metric tells the full story. See the ATH:OLYMP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Technical Olympic SA is a Greece based company engaged in the fields of homebuilding, construction of public and private projects, tourism, wind power, construction and operation of marinas and real estate development through different companies. The group has business operations in Greece and internationally. The tourist activity is represented by the group owned resort, Porto Carras. The construction activities of the company encompass railroad projects, irrigation projects, telecommunications projects, dams, marinas, harbour and drainage projects and others.
70GF Score
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