DH Group Nyrt (BUD:DHGROUP) Piotroski F-Score: 6 (As of Sep. 01, 2026) — 20% Above Median

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BUD:DHGROUP DH Group Nyrt BUD:DHGROUP
97 GF Score
Price Ft1,380.00
GF Value Ft1,232.96
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is DH Group Nyrt Piotroski F-Score?

DH Group Nyrt BUD:DHGROUP 97 Piotroski F-Score is 6 as of Sep. 01, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates BUD:DHGROUP with a GF Score™ of 97/100 and a GF Value™ of Ft1,232.96 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,751 Real Estate companies, DH Group Nyrt ranks better than 78.47% 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

DH Group Nyrt 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 DH Group Nyrt's Piotroski F-Score or its related term are showing as below:

BUD:DHGROUP' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of DH Group Nyrt was 8. The lowest was 2. And the median was 5.

DH Group Nyrt  (BUD:DHGROUP) 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.


DH Group Nyrt Piotroski F-Score Related Terms


DH Group Nyrt Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for DH Group Nyrt'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.

DH Group Nyrt Piotroski F-Score Chart

DH Group Nyrt 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 5.00 6.00 4.00 7.00 8.00

DH Group Nyrt Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Dec25 Mar26 Jun26
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 6.00 7.00 8.00 6.00 6.00

DH Group Nyrt Piotroski F-Score Competitor Comparison

For the Real Estate - Diversified subindustry, DH Group Nyrt'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.


DH Group Nyrt Piotroski F-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, DH Group Nyrt's Piotroski F-Score distribution charts can be found below:

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


BUD:DHGROUP
97GF Score
DH Group Nyrt BUD:DHGROUP
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 (Jun26) TTM:Last Year (Mar25) TTM:
Net Income was 1253.7 + 1471.1 + 919.3 + 1613.9 = Ft5,258 Mil.
Cash Flow from Operations was 1413.1 + 0 + 1236.8 + 1094 = Ft3,744 Mil.
Revenue was 11773.4 + 14510.9 + 12899.1 + 14024.3 = Ft53,208 Mil.
Gross Profit was 2473.9 + 3821.4 + 2477.6 + 2845.2 = Ft11,618 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Jun26) was
(33257.7 + 33901.1 + 38028.827 + 37480.3 + 33882.8) / 5 = Ft35310.1454 Mil.
Total Assets at the begining of this year (Mar25) was Ft33,258 Mil.
Long-Term Debt & Capital Lease Obligation was Ft12,065 Mil.
Total Current Assets was Ft17,874 Mil.
Total Current Liabilities was Ft12,280 Mil.
Net Income was 620.9 + 670.2 + 480.9 + 594.4 = Ft2,366 Mil.

Revenue was 9602.3 + 9862.4 + 11353.3 + 10026.2 = Ft40,844 Mil.
Gross Profit was 2105.4 + 2158.2 + 2674.3 + 1950.8 = Ft8,889 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(34065.7 + 29651.3 + 30297.3 + 32534.517 + 33257.7) / 5 = Ft31961.3034 Mil.
Total Assets at the begining of last year (Mar24) was Ft34,066 Mil.
Long-Term Debt & Capital Lease Obligation was Ft13,467 Mil.
Total Current Assets was Ft16,788 Mil.
Total Current Liabilities was Ft7,789 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.

DH Group Nyrt's current Net Income (TTM) was 5,258. ==> 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.

DH Group Nyrt's current Cash Flow from Operations (TTM) was 3,744. ==> 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)
=5258/33257.7
=0.15809873

ROA (Last Year)=Net Income/Total Assets (Mar24)
=2366.4/34065.7
=0.06946577

DH Group Nyrt's return on assets of this year was 0.15809873. DH Group Nyrt's return on assets of last year was 0.06946577. ==> 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.

DH Group Nyrt's current Net Income (TTM) was 5,258. DH Group Nyrt's current Cash Flow from Operations (TTM) was 3,744. ==> 3,744 <= 5,258 ==> CFROA <= ROA ==> Score 0.

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: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Jun26
=12065.3/35310.1454
=0.341695

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=13466.7/31961.3034
=0.42134389

DH Group Nyrt's gearing of this year was 0.341695. DH Group Nyrt's gearing of last year was 0.42134389. ==> 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: Jun26)=Total Current Assets/Total Current Liabilities
=17874.4/12279.9
=1.45558189

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=16787.9/7788.6
=2.15544514

DH Group Nyrt's current ratio of this year was 1.45558189. DH Group Nyrt's current ratio of last year was 2.15544514. ==> 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.

DH Group Nyrt's number of shares in issue this year was 38.426. DH Group Nyrt's number of shares in issue last year was 36.244. ==> 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
=11618.1/53207.7
=0.21835373

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=8888.7/40844.2
=0.21762453

DH Group Nyrt's gross margin of this year was 0.21835373. DH Group Nyrt's gross margin of last year was 0.21762453. ==> 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)
=53207.7/33257.7
=1.59986108

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=40844.2/34065.7
=1.19898314

DH Group Nyrt's asset turnover of this year was 1.59986108. DH Group Nyrt's asset turnover of last year was 1.19898314. ==> 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+0+1+0+0+1+1
=6

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

DH Group Nyrt 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?
DH Group Nyrt (BUD:DHGROUP) has a Piotroski F-Score of 6 as of Sep. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on DH Group Nyrt and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, DH Group Nyrt's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, DH Group Nyrt ranks #377 out of 1751 companies in the Real Estate industry, placing it in the top 21.5%.
Is DH Group Nyrt's Piotroski F-Score too high?
DH Group Nyrt'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 2.00 to a high of 8.00. The Real Estate industry median Piotroski F-Score is 5.00. DH Group Nyrt's value of 6 is 20% above this industry median. Based on the distribution chart, DH Group Nyrt ranks #377 out of 1751 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, DH Group Nyrt has a GF Score™ of 97/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does DH Group Nyrt's Piotroski F-Score compare to competitors?
According to the Real Estate industry distribution chart, DH Group Nyrt ranks #377 out of 1751 companies for Piotroski F-Score. This places DH Group Nyrt in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. DH Group Nyrt's value of 6 is 20% above this benchmark. Historically, DH Group Nyrt's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, DH Group Nyrt 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,751 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. DH Group Nyrt'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 DH Group Nyrt and its competitors. For the Real Estate 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. DH Group Nyrt'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 DH Group Nyrt stock overvalued right now?
Based on GuruFocus' analysis, DH Group Nyrt (BUD:DHGROUP) is currently considered Modestly Overvalued. The stock's GF Value™ is Ft1,232.96, compared to a current price of Ft1,380.00 — trading 11.9% 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 20% above the Real Estate industry median of 5.00. DH Group Nyrt's overall GF Score™ is 97/100 with 3 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 DH Group Nyrt (BUD:DHGROUP), the current Piotroski F-Score is 6 as of Sep. 01, 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 DH Group Nyrt (BUD:DHGROUP) Overvalued in 2026?

Based on GuruFocus' analysis, DH Group Nyrt stock appears to be overvalued. The current stock price of Ft1,380.00 is trading 11.9% above its estimated GF Value™ of Ft1,232.96. GuruFocus considers DH Group Nyrt to be Modestly Overvalued.

Key valuation signals for BUD:DHGROUP:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: Ft1,232.96 vs. price of Ft1,380.00 (11.9% above fair value)
  • GF Score™: 97/100 with 3 warning signs
  • Industry Position: 20% above the Real Estate median (#377 of 1751)

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


DH Group Nyrt Business Description

Address Kapas utca 6-12, Budapest, HUN, 1027
DH Group Nyrt is a Hungarian company and its main activities are financial product brokerage, real estate brokerage and other related services. The company's services include consumer finance solutions and Real Estate solutions.
97GF Score

Get the complete analysis for BUD:DHGROUP

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

Ft1,380.00
Price
Ft1,232.96
GF Value