Titan (ATH:TITC) Piotroski F-Score: 7 (As of Jun. 25, 2026) — Near Median


ATH:TITC Titan SA ATH:TITC
87 GF Score
Price €53.00
GF Value €35.60
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Titan Piotroski F-Score?

Titan ATH:TITC +0.86% 87 Piotroski F-Score is 7 as of Jun. 25, 2026, which is at its 10-year median of 7.00. GuruFocus rates ATH:TITC with a GF Score™ of 87/100 and a GF Value™ of €35.60 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 395 Building Materials companies, Titan ranks better than 87.85% 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

Titan 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 Titan's Piotroski F-Score or its related term are showing as below:

ATH:TITC' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 7
Current: 7

During the past 10 years, the highest Piotroski F-Score of Titan was 7. The lowest was 4. And the median was 7.

Titan  (ATH:TITC) 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.


Titan Piotroski F-Score Related Terms


Titan Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Titan'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.

Titan Piotroski F-Score Chart

Titan 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 7.00 6.00 7.00

Titan Quarterly Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 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 0.00 0.00 0.00 7.00 0.00

ATH:TITC vs CRH, VMC, MLM: Piotroski F-Score Comparison

For the Building Materials subindustry, Titan'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.


Titan Piotroski F-Score vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Titan's Piotroski F-Score distribution charts can be found below:

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


ATH:TITC
87GF Score
Titan SA ATH:TITC
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 €236 Mil.
Cash Flow from Operations was €532 Mil.
Revenue was €2,669 Mil.
Gross Profit was €734 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (3282.577 + 3496.024) / 2 = €3389.3005 Mil.
Total Assets at the begining of this year (Dec24) was €3,283 Mil.
Long-Term Debt & Capital Lease Obligation was €582 Mil.
Total Current Assets was €1,263 Mil.
Total Current Liabilities was €558 Mil.
Net Income was €289 Mil.

Revenue was €2,644 Mil.
Gross Profit was €702 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (3211.44 + 3282.577) / 2 = €3247.0085 Mil.
Total Assets at the begining of last year (Dec23) was €3,211 Mil.
Long-Term Debt & Capital Lease Obligation was €662 Mil.
Total Current Assets was €951 Mil.
Total Current Liabilities was €538 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.

Titan's current Net Income (TTM) was 236. ==> 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.

Titan's current Cash Flow from Operations (TTM) was 532. ==> 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)
=236.291/3282.577
=0.07198338

ROA (Last Year)=Net Income/Total Assets (Dec23)
=289.16/3211.44
=0.0900406

Titan's return on assets of this year was 0.07198338. Titan's return on assets of last year was 0.0900406. ==> Last year is higher ==> Score 0.

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.

Titan's current Net Income (TTM) was 236. Titan's current Cash Flow from Operations (TTM) was 532. ==> 532 > 236 ==> 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
=582.308/3389.3005
=0.17180772

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=662.196/3247.0085
=0.20394033

Titan's gearing of this year was 0.17180772. Titan's gearing of last year was 0.20394033. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=1262.552/558.106
=2.26220825

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=950.533/537.532
=1.76832821

Titan's current ratio of this year was 2.26220825. Titan's current ratio of last year was 1.76832821. ==> This year's current ratio is higher. ==> Score 1.

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.

Titan's number of shares in issue this year was 74.95. Titan's number of shares in issue last year was 74.975. ==> 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
=734.285/2669.006
=0.27511553

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=701.853/2644.04
=0.26544719

Titan's gross margin of this year was 0.27511553. Titan's gross margin of last year was 0.26544719. ==> 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)
=2669.006/3282.577
=0.81308253

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=2644.04/3211.44
=0.82331913

Titan's asset turnover of this year was 0.81308253. Titan's asset turnover of last year was 0.82331913. ==> 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+0+1+1+1+1+1+0
=7

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

Titan 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?
Titan (ATH:TITC) 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 Titan and its competitors. This is near median its historical median of 7.00. Over the past decade, Titan's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Titan ranks #48 out of 395 companies in the Building Materials industry, placing it in the top 12.2%.
Is Titan's Piotroski F-Score too high?
Titan's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Building Materials industry median Piotroski F-Score is 5.00. Titan's value of 7 is 40% above this industry median. Based on the distribution chart, Titan ranks #48 out of 395 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Titan has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Titan's Piotroski F-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, Titan ranks #48 out of 395 companies for Piotroski F-Score. This places Titan in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Titan's value of 7 is 40% above this benchmark. Historically, Titan's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Titan 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 Building Materials company?
The median Piotroski F-Score among Building Materials companies is 5.00, based on 395 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. Titan'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 Titan and its competitors. For the Building Materials 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. Titan's current Piotroski F-Score is 7, which is near 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 Titan stock overvalued right now?
Based on GuruFocus' analysis, Titan (ATH:TITC) is currently considered Significantly Overvalued. The stock's GF Value™ is €35.60, compared to a current price of €53.00 — trading 48.9% above its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Building Materials industry median of 5.00. Titan's overall GF Score™ is 87/100 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 Titan (ATH:TITC), 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 Titan (ATH:TITC) Overvalued in 2026?

Based on GuruFocus' analysis, Titan stock appears to be overvalued. The current stock price of €53.00 is trading 48.9% above its estimated GF Value™ of €35.60. GuruFocus considers Titan to be Significantly Overvalued.

Key valuation signals for ATH:TITC:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: €35.60 vs. price of €53.00 (48.9% above fair value)
  • GF Score™: 87/100 with 6 warning signs
  • Industry Position: 40% above the Building Materials median (#48 of 395)

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


Titan Business Description

Address 14 Place Sainte Gudule, Signature City Centre, office 117, Brussels, BEL, 1000
Titan SA is an international business operating in the building and infrastructure materials industry, committed to providing the materials, solutions, and services needed for safe and sustainable homes, buildings, and infrastructure. The company offers construction materials, solutions, and services that enable people to enjoy life while supporting the development of sustainable living environments.
87GF Score

Get the complete analysis for ATH:TITC

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

€53.00
Price
€35.60
GF Value