Havas NVCHIX:HAVASA 26 Piotroski F-Score is 7 as of Jul. 03, 2026, which is at its 10-year median of 7.00. GuruFocus rates CHIX:HAVASA with a GF Score™ of 26/100. The stock has 7 warning signs investors should review. Among 1,008 Media - Diversified companies, Havas NV ranks better than 91.87% 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
Havas NV 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 Havas NV's Piotroski F-Score or its related term are showing as below:
CHIX:HAVASa'
s Piotroski F-Score Range Over the Past 10 Years
Min: 6 Med: 7 Max: 8
Current: 7
During the past 6 years, the highest Piotroski F-Score of Havas NV was 8. The lowest was 6. And the median was 7.
Havas NV (CHIX:HAVASa) 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.
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.
Havas NV Piotroski F-Score Related Terms
Havas NV Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Havas NV'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.
CHIX:HAVASA vs APP, OMC, TTD: Piotroski F-Score Comparison
For the Advertising Agencies subindustry, Havas NV'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.
Havas NV Piotroski F-Score vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Havas NV's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Havas NV'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.
Havas NV's current Net Income (TTM) was 189.
==> 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.
Havas NV's return on assets of this year was 0.02831037. Havas NV's return on assets of last year was 0.02506883.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Havas NV's gearing of this year was 0.03263333. Havas NV's gearing of last year was 0.0334389.
==> 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
Havas NV's current ratio of this year was 0.8375. Havas NV's current ratio of last year was 0.84753581.
==> 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.
Havas NV's number of shares in issue this year was 99.111. Havas NV's number of shares in issue last year was 100.213.
==> 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.
Havas NV's gross margin of this year was 0.95537247. Havas NV's gross margin of last year was 0.95564094.
==> Last year's gross margin is higher ==> Score 0.
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
Havas NV's asset turnover of this year was 0.43633913. Havas NV's asset turnover of last year was 0.41486741.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
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7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Havas NV has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Havas NV (CHIX:HAVASA) has a Piotroski F-Score of 7 as of Jul. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Havas NV and its competitors. This is near median its historical median of 7.00. Over the past decade, Havas NV's Piotroski F-Score has ranged from 6.00 to 8.00. According to the industry distribution chart, Havas NV ranks #82 out of 1008 companies in the Media - Diversified industry, placing it in the top 8.1%.
Is Havas NV's Piotroski F-Score too high?
Havas NV's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 6.00 to a high of 8.00. The Media - Diversified industry median Piotroski F-Score is 5.00. Havas NV's value of 7 is 40% above this industry median. Based on the distribution chart, Havas NV ranks #82 out of 1008 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Havas NV has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Havas NV's Piotroski F-Score compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Havas NV ranks #82 out of 1008 companies for Piotroski F-Score. This places Havas NV in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Havas NV's value of 7 is 40% above this benchmark. Historically, Havas NV's own Piotroski F-Score has ranged from 6.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Havas NV 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 Media - Diversified company?
The median Piotroski F-Score among Media - Diversified companies is 5.00, based on 1,008 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. Havas NV'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 Havas NV and its competitors. For the Media - Diversified 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. Havas NV's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Havas NV stock overvalued right now?
Havas NV (CHIX:HAVASA) has a current Piotroski F-Score of 7. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Media - Diversified industry median of 5.00. Havas NV's overall GF Score™ is 26/100 with 7 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 Havas NV (CHIX:HAVASA), the current Piotroski F-Score is 7 as of Jul. 03, 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.
Havas NV is a communications group providing integrated advertising, media, and healthcare-focused communication services. Its has three business lines: (i) Havas Creative, which delivers creative services, from advertising, brand strategy and business transformation to digital and social media solutions as well as public relations and events; (ii) Havas Media, which is dedicated to delivering comprehensive media experiences, through media planning and buying, fan engagement, retail media and e-commerce, as well as data analytics services to optimize client advertising investments; and (iii) Havas Health, which focuses on healthcare and wellness communications, providing specialized marketing services to pharmaceutical companies. The majority of revenue is derived from Havas Creative.
26GF Score
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