ATNI (ATN International) Piotroski F-Score: 6 (As of Jun. 25, 2026) — 20% Above Median


ATNI ATN International Inc ATNI
66 GF Score
Price $26.90
GF Value $24.34
Valuation Modestly Overvalued
! 9 Warning Signs
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What is ATN International Piotroski F-Score?

ATN International ATNI +0.64% 66 Piotroski F-Score is 6 as of Jun. 25, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates ATNI with a GF Score™ of 66/100 and a GF Value™ of $24.34 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 359 Telecommunication Services companies, ATN International ranks better than 67.69% 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

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

ATNI' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of ATN International was 7. The lowest was 3. And the median was 5.

ATN International  (NAS:ATNI) 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.


ATN International Piotroski F-Score Related Terms


ATN International Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for ATN International'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.

ATN International Piotroski F-Score Chart

ATN International 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 4.00 6.00 4.00 4.00 5.00

ATN International 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 4.00 5.00 5.00 6.00

ATNI vs CXDO, OPTU, CABO: Piotroski F-Score Comparison

For the Telecom Services subindustry, ATN International'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.


ATN International Piotroski F-Score vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, ATN International's Piotroski F-Score distribution charts can be found below:

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


ATNI
66GF Score
ATN International Inc ATNI
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was -7.026 + 4.343 + -3.295 + -2.797 = $-8.8 Mil.
Cash Flow from Operations was 23.938 + 37.846 + 36.246 + 29.781 = $127.8 Mil.
Revenue was 181.3 + 183.165 + 184.215 + 182.219 = $730.9 Mil.
Gross Profit was 101.952 + 104.229 + 103.832 + 104.793 = $414.8 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1707.449 + 1707.006 + 1698.681 + 1673.254 + 1674.653) / 5 = $1692.2086 Mil.
Total Assets at the begining of this year (Mar25) was $1,707.4 Mil.
Long-Term Debt & Capital Lease Obligation was $648.0 Mil.
Total Current Assets was $335.1 Mil.
Total Current Liabilities was $276.9 Mil.
Net Income was 9.003 + -32.691 + 3.571 + -8.928 = $-29.0 Mil.

Revenue was 183.281 + 178.451 + 180.548 + 179.294 = $721.6 Mil.
Gross Profit was 106.331 + 99.273 + 102.513 + 99.569 = $407.7 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1779.154 + 1772.341 + 1751.381 + 1727.103 + 1707.449) / 5 = $1747.4856 Mil.
Total Assets at the begining of last year (Mar24) was $1,779.2 Mil.
Long-Term Debt & Capital Lease Obligation was $662.2 Mil.
Total Current Assets was $305.7 Mil.
Total Current Liabilities was $263.7 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.

ATN International's current Net Income (TTM) was -8.8. ==> Negative ==> Score 0.

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.

ATN International's current Cash Flow from Operations (TTM) was 127.8. ==> 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)
=-8.775/1707.449
=-0.00513925

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-29.045/1779.154
=-0.01632517

ATN International's return on assets of this year was -0.00513925. ATN International's return on assets of last year was -0.01632517. ==> 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.

ATN International's current Net Income (TTM) was -8.8. ATN International's current Cash Flow from Operations (TTM) was 127.8. ==> 127.8 > -8.8 ==> 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
=647.985/1692.2086
=0.38292265

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=662.173/1747.4856
=0.37892902

ATN International's gearing of this year was 0.38292265. ATN International's gearing of last year was 0.37892902. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=335.125/276.895
=1.21029632

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=305.707/263.672
=1.15942155

ATN International's current ratio of this year was 1.21029632. ATN International's current ratio of last year was 1.15942155. ==> 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.

ATN International's number of shares in issue this year was 15.283. ATN International's number of shares in issue last year was 15.131. ==> There is larger number of shares in issue this year. ==> Score 0.

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
=414.806/730.899
=0.56752848

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=407.686/721.574
=0.56499541

ATN International's gross margin of this year was 0.56752848. ATN International's gross margin of last year was 0.56499541. ==> 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 (Mar25)
=730.899/1707.449
=0.42806491

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=721.574/1779.154
=0.40557141

ATN International's asset turnover of this year was 0.42806491. ATN International's asset turnover of last year was 0.40557141. ==> 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
=0+1+1+1+0+1+0+1+1
=6

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

ATN International 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?
ATN International (ATNI) has a Piotroski F-Score of 6 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on ATN International and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, ATN International's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, ATN International ranks #116 out of 359 companies in the Telecommunication Services industry, placing it in the top 32.3%.
Is ATN International's Piotroski F-Score too high?
ATN International'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 3.00 to a high of 7.00. The Telecommunication Services industry median Piotroski F-Score is 6.00. ATN International's value of 6 is 0% at this industry median. Based on the distribution chart, ATN International ranks #116 out of 359 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, ATN International has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ATN International's Piotroski F-Score compare to CXDO and OPTU?
According to the Telecommunication Services industry distribution chart, ATN International ranks #116 out of 359 companies for Piotroski F-Score. This puts ATN International in the upper half of its industry. The industry median Piotroski F-Score is 6.00. ATN International's value of 6 is 0% at this benchmark. Historically, ATN International's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, ATN International 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 Telecommunication Services company?
The median Piotroski F-Score among Telecommunication Services companies is 6.00, based on 359 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. ATN International'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 ATN International and its competitors. For the Telecommunication Services 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. ATN International'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 ATN International stock overvalued right now?
Based on GuruFocus' analysis, ATN International (ATNI) is currently considered Modestly Overvalued. The stock's GF Value™ is $24.34, compared to a current price of $26.90 — trading 10.5% above 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 Telecommunication Services industry median of 6.00. ATN International's overall GF Score™ is 66/100 with 9 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 ATN International (ATNI), the current Piotroski F-Score is 6 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 ATN International (ATNI) Overvalued in 2026?

Based on GuruFocus' analysis, ATN International stock appears to be overvalued. The current stock price of $26.90 is trading 10.5% above its estimated GF Value™ of $24.34. GuruFocus considers ATN International to be Modestly Overvalued.

Key valuation signals for ATNI:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: $24.34 vs. price of $26.90 (10.5% above fair value)
  • GF Score™: 66/100 with 9 warning signs
  • Industry Position: 0% at the Telecommunication Services median (#116 of 359)

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


ATN International Business Description

Other Exchanges ATP:Germany
Address 500 Cummings Center, Suite 2450, Beverly, MA, USA, 01915
ATN International Inc is a telecommunications and utilities company. The company provides digital infrastructure and communications services with a focus on rural and remote markets in the United States, and internationally, including Bermuda and the Caribbean region. Its operating segments comprise U.S. Telecom and International Telecom. The company earns revenue from its International telecommunication segment.
66GF Score

Get the complete analysis for ATNI

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

$26.90
Price
$24.34
GF Value