Hvidbjerg Bank ASCHIX:HVIDC 69 Piotroski F-Score is 3 as of Jun. 28, 2026, which is 25% below its 10-year median of 4.00. GuruFocus rates CHIX:HVIDC with a GF Score™ of 69/100 and a GF Value™ of kr54.62. The stock has 3 warning signs investors should review. Among 1,501 Banks companies, Hvidbjerg Bank AS ranks worse than 88.41% on this metric.
Warning Sign:
Piotroski F-Score of 3 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Hvidbjerg Bank AS has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Hvidbjerg Bank AS's Piotroski F-Score or its related term are showing as below:
CHIX:HVIDc'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 4 Max: 7
Current: 3
During the past 13 years, the highest Piotroski F-Score of Hvidbjerg Bank AS was 7. The lowest was 1. And the median was 4.
Hvidbjerg Bank AS (CHIX:HVIDc) 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.
Hvidbjerg Bank AS Piotroski F-Score Related Terms
Hvidbjerg Bank AS Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Hvidbjerg Bank AS'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:HVIDC vs PNC, USB: Piotroski F-Score Comparison
For the Banks - Regional subindustry, Hvidbjerg Bank AS'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.
Hvidbjerg Bank AS Piotroski F-Score vs Banks Industry
For the Banks industry and Financial Services sector, Hvidbjerg Bank AS's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Hvidbjerg Bank AS'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.
Hvidbjerg Bank AS's current Net Income (TTM) was 29.8.
==> 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.
Hvidbjerg Bank AS's return on assets of this year was 0.01292649. Hvidbjerg Bank AS's return on assets of last year was 0.01677918.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Hvidbjerg Bank AS's gearing of this year was 0.01434949. Hvidbjerg Bank AS's gearing of last year was 0.02515579.
==> 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
* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.
Hvidbjerg Bank AS's current ratio of this year was 1.13844684. Hvidbjerg Bank AS's current ratio of last year was 1.14213542.
==> 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.
Hvidbjerg Bank AS's number of shares in issue this year was 1.68. Hvidbjerg Bank AS's number of shares in issue last year was 1.68.
==> 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.
* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.
Hvidbjerg Bank AS's net margin of this year was 0.2130867. Hvidbjerg Bank AS's net margin of last year was 0.25387277.
==> Last year's net 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
Hvidbjerg Bank AS's asset turnover of this year was 0.06066306. Hvidbjerg Bank AS's asset turnover of last year was 0.06609288.
==> 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
Hvidbjerg Bank AS has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Hvidbjerg Bank AS (CHIX:HVIDC) has a Piotroski F-Score of 3 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Hvidbjerg Bank AS and its competitors. This is 25% below median its historical median of 4.00. Over the past decade, Hvidbjerg Bank AS's Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, Hvidbjerg Bank AS ranks #1327 out of 1501 companies in the Banks industry, placing it in the top 88.4%.
Is Hvidbjerg Bank AS's Piotroski F-Score too high?
Hvidbjerg Bank AS's current Piotroski F-Score of 3 is 25% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 7.00. The Banks industry median Piotroski F-Score is 6.00. Hvidbjerg Bank AS's value of 3 is 50% below this industry median. Based on the distribution chart, Hvidbjerg Bank AS ranks #1327 out of 1501 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Hvidbjerg Bank AS has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Hvidbjerg Bank AS's Piotroski F-Score compare to PNC and USB?
According to the Banks industry distribution chart, Hvidbjerg Bank AS ranks #1327 out of 1501 companies for Piotroski F-Score. This places Hvidbjerg Bank AS in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Hvidbjerg Bank AS's value of 3 is 50% below this benchmark. Historically, Hvidbjerg Bank AS's own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 6.00, Hvidbjerg Bank AS 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 a Banks company?
The median Piotroski F-Score among Banks companies is 6.00, based on 1,501 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. Hvidbjerg Bank AS's current Piotroski F-Score of 3 is 50% 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 Hvidbjerg Bank AS and its competitors. For the Banks 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. Hvidbjerg Bank AS's current Piotroski F-Score is 3, which is 25% below 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 Hvidbjerg Bank AS stock overvalued right now?
Hvidbjerg Bank AS (CHIX:HVIDC) has a current Piotroski F-Score of 3. The stock's GF Value™ is kr54.62, compared to a current price of kr72.50 — trading 32.7% above its estimated fair value. The current Piotroski F-Score is 3, which is 25% below median its 10-year median of 4.00 and 50% below the Banks industry median of 6.00. Hvidbjerg Bank AS's overall GF Score™ is 69/100 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 Hvidbjerg Bank AS (CHIX:HVIDC), the current Piotroski F-Score is 3 as of Jun. 28, 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 Hvidbjerg Bank AS (CHIX:HVIDC) Overvalued in 2026?
Based on GuruFocus' analysis, Hvidbjerg Bank AS stock appears to be overvalued.
The current stock price of kr72.50 is trading 32.7% above its estimated GF Value™ of kr54.62.
Key valuation signals for CHIX:HVIDC:
Piotroski F-Score: 3 (25% below median its 10-year median of 4.00)
GF Value™: kr54.62 vs. price of kr72.50 (32.7% above fair value)
Industry Position: 50% below the Banks median (#1327 of 1501)
No single metric tells the full story. See the CHIX:HVIDC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hvidbjerg Bank AS is a Denmark-based bank that offers various banking products and services.It offers financial services to private individuals and local businesses. The bank offers pension products, mortgages and personal loans, investment services, and Internet banking. It operates in the central and western Jutland Limfjord area and has four departments in Hvidbjerg / Hurup, Struer, Viborg, and Holstebro.
69GF Score
Get the complete analysis for CHIX:HVIDC
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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