Alerion CleanPower SPACHIX:ARNM 63 Piotroski F-Score is 4 as of Jun. 29, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates CHIX:ARNM with a GF Score™ of 63/100 and a GF Value™ of €18.28. The stock has 4 warning signs investors should review. Among 417 Utilities - Independent Power Producers companies, Alerion CleanPower SPA ranks worse than 59.47% 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
Alerion CleanPower SPA has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Alerion CleanPower SPA's Piotroski F-Score or its related term are showing as below:
CHIX:ARNm'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 8
Current: 4
During the past 13 years, the highest Piotroski F-Score of Alerion CleanPower SPA was 8. The lowest was 4. And the median was 6.
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.
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.
Alerion CleanPower SPA Piotroski F-Score Related Terms
Alerion CleanPower SPA Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Alerion CleanPower SPA'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.
For the Utilities - Renewable subindustry, Alerion CleanPower SPA'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.
Alerion CleanPower SPA Piotroski F-Score vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Alerion CleanPower SPA's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Alerion CleanPower SPA's Piotroski F-Score falls into.
* 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.
*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.
Alerion CleanPower SPA's current Net Income (TTM) was 93.3.
==> 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.
Alerion CleanPower SPA's current Cash Flow from Operations (TTM) was 70.4.
==> 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.
Alerion CleanPower SPA's return on assets of this year was 0.05512267. Alerion CleanPower SPA's return on assets of last year was 0.06675573.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Alerion CleanPower SPA's gearing of this year was 0.5710655. Alerion CleanPower SPA's gearing of last year was 0.55840345.
==> 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
Alerion CleanPower SPA's current ratio of this year was 2.79613582. Alerion CleanPower SPA's current ratio of last year was 1.88602131.
==> 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.
Alerion CleanPower SPA's number of shares in issue this year was 53.58. Alerion CleanPower SPA's number of shares in issue last year was 53.558.
==> 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.
Alerion CleanPower SPA's gross margin of this year was 0.85821019. Alerion CleanPower SPA's gross margin of last year was 0.8515285.
==> 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
Alerion CleanPower SPA's asset turnover of this year was 0.07482757. Alerion CleanPower SPA's asset turnover of last year was 0.10217908.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Alerion CleanPower SPA has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Alerion CleanPower SPA (CHIX:ARNM) has a Piotroski F-Score of 4 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Alerion CleanPower SPA and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Alerion CleanPower SPA's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Alerion CleanPower SPA ranks #248 out of 417 companies in the Utilities - Independent Power Producers industry, placing it in the top 59.5%.
Is Alerion CleanPower SPA's Piotroski F-Score too high?
Alerion CleanPower SPA's current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Utilities - Independent Power Producers industry median Piotroski F-Score is 5.00. Alerion CleanPower SPA's value of 4 is 20% below this industry median. Based on the distribution chart, Alerion CleanPower SPA ranks #248 out of 417 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Alerion CleanPower SPA has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does Alerion CleanPower SPA's Piotroski F-Score compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Alerion CleanPower SPA ranks #248 out of 417 companies for Piotroski F-Score. This places Alerion CleanPower SPA in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Alerion CleanPower SPA's value of 4 is 20% below this benchmark. Historically, Alerion CleanPower SPA's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Alerion CleanPower SPA has consistently been below 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 an Utilities - Independent Power Producers company?
The median Piotroski F-Score among Utilities - Independent Power Producers companies is 5.00, based on 417 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. Alerion CleanPower SPA's current Piotroski F-Score of 4 is 20% below 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 Alerion CleanPower SPA and its competitors. For the Utilities - Independent Power Producers 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. Alerion CleanPower SPA's current Piotroski F-Score is 4, which is 33% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alerion CleanPower SPA stock overvalued right now?
Alerion CleanPower SPA (CHIX:ARNM) has a current Piotroski F-Score of 4. The stock's GF Value™ is €18.28, compared to a current price of €30.00 — trading 64.1% above its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Utilities - Independent Power Producers industry median of 5.00. Alerion CleanPower SPA's overall GF Score™ is 63/100 with 4 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 Alerion CleanPower SPA (CHIX:ARNM), the current Piotroski F-Score is 4 as of Jun. 29, 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 Alerion CleanPower SPA (CHIX:ARNM) Overvalued in 2026?
Based on GuruFocus' analysis, Alerion CleanPower SPA stock appears to be overvalued.
The current stock price of €30.00 is trading 64.1% above its estimated GF Value™ of €18.28.
Key valuation signals for CHIX:ARNM:
Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
GF Value™: €18.28 vs. price of €30.00 (64.1% above fair value)
Industry Position: 20% below the Utilities - Independent Power Producers median (#248 of 417)
No single metric tells the full story. See the CHIX:ARNM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alerion CleanPower SPA operates in the renewable energy sector, managing wind and solar power plants across Italy, Romania, Spain, and Bulgaria. Its activities include the generation of electricity from renewable sources. The company focused on wind and solar power generation and energy storage.
63GF Score
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