Kermann IT Solutions Nyrt (BUD:KERMANNIT) Piotroski F-Score: 7 (As of Aug. 15, 2026) — 75% Above Median

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BUD:KERMANNIT Kermann IT Solutions Nyrt BUD:KERMANNIT
59 GF Score
Price Ft5.80
! 5 Warning Signs
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What is Kermann IT Solutions Nyrt Piotroski F-Score?

Kermann IT Solutions Nyrt BUD:KERMANNIT 59 Piotroski F-Score is 7 as of Aug. 15, 2026, which is 75% above its 10-year median of 4.00. GuruFocus rates BUD:KERMANNIT with a GF Score™ of 59/100. The stock has 5 warning signs investors should review. Among 2,725 Software companies, Kermann IT Solutions Nyrt ranks better than 91.78% 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

Kermann IT Solutions Nyrt 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 Kermann IT Solutions Nyrt's Piotroski F-Score or its related term are showing as below:

BUD:KERMANNIT' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 7
Current: 7

During the past 6 years, the highest Piotroski F-Score of Kermann IT Solutions Nyrt was 7. The lowest was 2. And the median was 4.

Kermann IT Solutions Nyrt  (BUD:KERMANNIT) 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.


Kermann IT Solutions Nyrt Piotroski F-Score Related Terms


Kermann IT Solutions Nyrt Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Kermann IT Solutions 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.

Kermann IT Solutions Nyrt Piotroski F-Score Chart

Kermann IT Solutions Nyrt Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A 4.00 4.00 2.00 7.00

Kermann IT Solutions Nyrt Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 0.00 2.00 0.00 7.00

BUD:KERMANNIT vs IBM, ACN, FISV: Piotroski F-Score Comparison

For the Information Technology Services subindustry, Kermann IT Solutions 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.


Kermann IT Solutions Nyrt Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, Kermann IT Solutions Nyrt's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Kermann IT Solutions Nyrt's Piotroski F-Score falls into.


BUD:KERMANNIT
59GF Score
Kermann IT Solutions Nyrt BUD:KERMANNIT
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 Ft1,028 Mil.
Cash Flow from Operations was Ft1,765 Mil.
Revenue was Ft15,816 Mil.
Gross Profit was Ft1,737 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (7814.551 + 14048.744) / 2 = Ft10931.6475 Mil.
Total Assets at the begining of this year (Dec24) was Ft7,815 Mil.
Long-Term Debt & Capital Lease Obligation was Ft235 Mil.
Total Current Assets was Ft11,310 Mil.
Total Current Liabilities was Ft4,969 Mil.
Net Income was Ft613 Mil.

Revenue was Ft11,594 Mil.
Gross Profit was Ft980 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (5076.57 + 7814.551) / 2 = Ft6445.5605 Mil.
Total Assets at the begining of last year (Dec23) was Ft5,077 Mil.
Long-Term Debt & Capital Lease Obligation was Ft367 Mil.
Total Current Assets was Ft6,800 Mil.
Total Current Liabilities was Ft2,546 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.

Kermann IT Solutions Nyrt's current Net Income (TTM) was 1,028. ==> 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.

Kermann IT Solutions Nyrt's current Cash Flow from Operations (TTM) was 1,765. ==> 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)
=1028.068/7814.551
=0.13155817

ROA (Last Year)=Net Income/Total Assets (Dec23)
=612.766/5076.57
=0.12070473

Kermann IT Solutions Nyrt's return on assets of this year was 0.13155817. Kermann IT Solutions Nyrt's return on assets of last year was 0.12070473. ==> 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.

Kermann IT Solutions Nyrt's current Net Income (TTM) was 1,028. Kermann IT Solutions Nyrt's current Cash Flow from Operations (TTM) was 1,765. ==> 1,765 > 1,028 ==> 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
=235.348/10931.6475
=0.02152905

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=366.685/6445.5605
=0.05688954

Kermann IT Solutions Nyrt's gearing of this year was 0.02152905. Kermann IT Solutions Nyrt's gearing of last year was 0.05688954. ==> 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
=11309.952/4968.927
=2.27613567

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=6799.909/2546.233
=2.6705761

Kermann IT Solutions Nyrt's current ratio of this year was 2.27613567. Kermann IT Solutions Nyrt's current ratio of last year was 2.6705761. ==> 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.

Kermann IT Solutions Nyrt's number of shares in issue this year was 1093.689. Kermann IT Solutions Nyrt's number of shares in issue last year was 1094.225. ==> 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
=1737.058/15815.831
=0.10983033

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=980.452/11594.318
=0.08456315

Kermann IT Solutions Nyrt's gross margin of this year was 0.10983033. Kermann IT Solutions Nyrt's gross margin of last year was 0.08456315. ==> 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)
=15815.831/7814.551
=2.02389504

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=11594.318/5076.57
=2.28388814

Kermann IT Solutions Nyrt's asset turnover of this year was 2.02389504. Kermann IT Solutions Nyrt's asset turnover of last year was 2.28388814. ==> 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+1+0+1+1+0
=7

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

Kermann IT Solutions Nyrt 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?
Kermann IT Solutions Nyrt (BUD:KERMANNIT) has a Piotroski F-Score of 7 as of Aug. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kermann IT Solutions Nyrt and its competitors. This is 75% above median its historical median of 4.00. Over the past decade, Kermann IT Solutions Nyrt's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Kermann IT Solutions Nyrt ranks #224 out of 2725 companies in the Software industry, placing it in the top 8.2%.
Is Kermann IT Solutions Nyrt's Piotroski F-Score too high?
Kermann IT Solutions Nyrt's current Piotroski F-Score of 7 is 75% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Software industry median Piotroski F-Score is 5.00. Kermann IT Solutions Nyrt's value of 7 is 40% above this industry median. Based on the distribution chart, Kermann IT Solutions Nyrt ranks #224 out of 2725 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Kermann IT Solutions Nyrt has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Kermann IT Solutions Nyrt's Piotroski F-Score compare to IBM and ACN?
According to the Software industry distribution chart, Kermann IT Solutions Nyrt ranks #224 out of 2725 companies for Piotroski F-Score. This places Kermann IT Solutions Nyrt in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Kermann IT Solutions Nyrt's value of 7 is 40% above this benchmark. Historically, Kermann IT Solutions Nyrt's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Kermann IT Solutions 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,725 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. Kermann IT Solutions Nyrt'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 Kermann IT Solutions Nyrt and its competitors. For the Software 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. Kermann IT Solutions Nyrt's current Piotroski F-Score is 7, which is 75% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kermann IT Solutions Nyrt stock overvalued right now?
Kermann IT Solutions Nyrt (BUD:KERMANNIT) has a current Piotroski F-Score of 7. The current Piotroski F-Score is 7, which is 75% above median its 10-year median of 4.00 and 40% above the Software industry median of 5.00. Kermann IT Solutions Nyrt's overall GF Score™ is 59/100 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 Kermann IT Solutions Nyrt (BUD:KERMANNIT), the current Piotroski F-Score is 7 as of Aug. 15, 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.

Kermann IT Solutions Nyrt Business Description

Address Roppentyu utca 48, Budapest, HUN, H-1139
Kermann IT Solutions Nyrt is a IT solution company. It provides system integration services, IT support, IT consultancy, Network services, etc.
59GF Score

Get the complete analysis for BUD:KERMANNIT

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

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