CELJF (Cellcom Israel) Piotroski F-Score: 7 (As of Jun. 27, 2026) — 40% Above Median


CELJF Cellcom Israel Ltd CELJF
57 GF Score
Price $10.46
GF Value $5.54
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Cellcom Israel Piotroski F-Score?

Cellcom Israel CELJF 57 Piotroski F-Score is 7 as of Jun. 27, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates CELJF with a GF Score™ of 57/100 and a GF Value™ of $5.54 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 359 Telecommunication Services companies, Cellcom Israel ranks better than 88.3% 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

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

CELJF' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 7

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

Cellcom Israel  (OTCPK:CELJF) 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.


Cellcom Israel Piotroski F-Score Related Terms


Cellcom Israel Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Cellcom Israel'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.

Cellcom Israel Piotroski F-Score Chart

Cellcom Israel 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 6.00 7.00 7.00

Cellcom Israel 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 8.00 7.00 7.00 7.00 7.00

CELJF vs TMUS, VZ, T: Piotroski F-Score Comparison

For the Telecom Services subindustry, Cellcom Israel'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.


Cellcom Israel Piotroski F-Score vs Telecommunication Services Industry

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

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


CELJF
57GF Score
Cellcom Israel Ltd CELJF
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 21.595 + 25.644 + 122.819 + 24.294 = $194 Mil.
Cash Flow from Operations was 108.985 + 106.286 + 90.09 + 112.359 = $418 Mil.
Revenue was 353.273 + 348.55 + 354.961 + 341.801 = $1,399 Mil.
Gross Profit was 118.77 + 128.555 + 124.506 + 125.856 = $498 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2133.812 + 2130.775 + 2080.838 + 2176.664 + 2091.635) / 5 = $2122.7448 Mil.
Total Assets at the begining of this year (Mar25) was $2,134 Mil.
Long-Term Debt & Capital Lease Obligation was $356 Mil.
Total Current Assets was $479 Mil.
Total Current Liabilities was $731 Mil.
Net Income was 18.558 + 18.895 + 18.558 + 20.245 = $76 Mil.

Revenue was 371.156 + 376.555 + 369.469 + 375.205 = $1,492 Mil.
Gross Profit was 120.457 + 120.795 + 121.469 + 117.758 = $480 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2255.956 + 2250.558 + 2140.223 + 2194.547 + 2133.812) / 5 = $2195.0192 Mil.
Total Assets at the begining of last year (Mar24) was $2,256 Mil.
Long-Term Debt & Capital Lease Obligation was $519 Mil.
Total Current Assets was $466 Mil.
Total Current Liabilities was $696 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.

Cellcom Israel's current Net Income (TTM) was 194. ==> 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.

Cellcom Israel's current Cash Flow from Operations (TTM) was 418. ==> 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)
=194.352/2133.812
=0.09108206

ROA (Last Year)=Net Income/Total Assets (Mar24)
=76.256/2255.956
=0.03380208

Cellcom Israel's return on assets of this year was 0.09108206. Cellcom Israel's return on assets of last year was 0.03380208. ==> 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.

Cellcom Israel's current Net Income (TTM) was 194. Cellcom Israel's current Cash Flow from Operations (TTM) was 418. ==> 418 > 194 ==> 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
=355.973/2122.7448
=0.16769468

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=519.282/2195.0192
=0.23657287

Cellcom Israel's gearing of this year was 0.16769468. Cellcom Israel's gearing of last year was 0.23657287. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=479.129/730.503
=0.65588916

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=465.97/695.75
=0.66973769

Cellcom Israel's current ratio of this year was 0.65588916. Cellcom Israel's current ratio of last year was 0.66973769. ==> 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.

Cellcom Israel's number of shares in issue this year was 171.429. Cellcom Israel's number of shares in issue last year was 171.429. ==> 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
=497.687/1398.585
=0.35585038

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=480.479/1492.385
=0.32195379

Cellcom Israel's gross margin of this year was 0.35585038. Cellcom Israel's gross margin of last year was 0.32195379. ==> 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)
=1398.585/2133.812
=0.65543965

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1492.385/2255.956
=0.66153108

Cellcom Israel's asset turnover of this year was 0.65543965. Cellcom Israel's asset turnover of last year was 0.66153108. ==> 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

Cellcom Israel 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?
Cellcom Israel (CELJF) has a Piotroski F-Score of 7 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Cellcom Israel and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, Cellcom Israel's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Cellcom Israel ranks #42 out of 359 companies in the Telecommunication Services industry, placing it in the top 11.7%.
Is Cellcom Israel's Piotroski F-Score too high?
Cellcom Israel's current Piotroski F-Score of 7 is 40% 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 Telecommunication Services industry median Piotroski F-Score is 6.00. Cellcom Israel's value of 7 is 16.7% above this industry median. Based on the distribution chart, Cellcom Israel ranks #42 out of 359 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Cellcom Israel has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cellcom Israel's Piotroski F-Score compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Cellcom Israel ranks #42 out of 359 companies for Piotroski F-Score. This places Cellcom Israel in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Cellcom Israel's value of 7 is 16.7% above this benchmark. Historically, Cellcom Israel'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 6.00, Cellcom Israel 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 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. Cellcom Israel's current Piotroski F-Score of 7 is 16.7% 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 Cellcom Israel 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. Cellcom Israel's current Piotroski F-Score is 7, which is 40% 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 Cellcom Israel stock overvalued right now?
Based on GuruFocus' analysis, Cellcom Israel (CELJF) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.54, compared to a current price of $10.46 — trading 88.8% above its estimated fair value. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 16.7% above the Telecommunication Services industry median of 6.00. Cellcom Israel's overall GF Score™ is 57/100 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 Cellcom Israel (CELJF), the current Piotroski F-Score is 7 as of Jun. 27, 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 Cellcom Israel (CELJF) Overvalued in 2026?

Based on GuruFocus' analysis, Cellcom Israel stock appears to be overvalued. The current stock price of $10.46 is trading 88.8% above its estimated GF Value™ of $5.54. GuruFocus considers Cellcom Israel to be Significantly Overvalued.

Key valuation signals for CELJF:

  • Piotroski F-Score: 7 (40% above median its 10-year median of 5.00)
  • GF Value™: $5.54 vs. price of $10.46 (88.8% above fair value)
  • GF Score™: 57/100 with 5 warning signs
  • Industry Position: 16.7% above the Telecommunication Services median (#42 of 359)

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


Cellcom Israel Business Description

Other Exchanges CEL:IsraelF5U:Germany
Address 10 Hagavish Street, P.O Box 4060, Netanya, ISR, 4250708
Cellcom Israel Ltd is an Israeli communications group that provides a wide variety of communication services in Israel. Additionally, it also provides electricity supply services to private and business customers. The group's operating segments are: Cellular Communications, Fixed Line Communications, and Electricity Supply. The majority of its revenue is generated from the Cellular Communications segment, which provides cellular communications services in Israel, on several networks deployed across the country, which include calls, text messages (SMS, MMS), internet access, and transfer of data over the internet and other associated equipment and services. In addition, the group provides overseas roaming services to its customers and to customers of foreign operators visiting Israel.
57GF Score

Get the complete analysis for CELJF

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

$10.46
Price
$5.54
GF Value