Harworth GroupCHIX:HWGL +5.12%72 Piotroski F-Score is 2 as of Jun. 26, 2026, which is 60% below its 10-year median of 5.00. GuruFocus rates CHIX:HWGL with a GF Score™ of 72/100 and a GF Value™ of £1.15 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,756 Real Estate companies, Harworth Group ranks worse than 93.22% on this metric.
Warning Sign:
Piotroski F-Score of 2 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
Harworth Group has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Harworth Group's Piotroski F-Score or its related term are showing as below:
CHIX:HWGl'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 6
Current: 2
During the past 13 years, the highest Piotroski F-Score of Harworth Group was 6. The lowest was 2. And the median was 5.
Harworth Group (CHIX:HWGl) 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.
Harworth Group Piotroski F-Score Related Terms
Harworth Group Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Harworth Group'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.
Harworth Group Piotroski F-Score Competitor Comparison
For the Real Estate - Development subindustry, Harworth Group'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.
Harworth Group Piotroski F-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Harworth Group's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Harworth Group'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.
Harworth Group's current Net Income (TTM) was 9.5.
==> 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.
Harworth Group's return on assets of this year was 0.00899945. Harworth Group's return on assets of last year was 0.06942548.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Harworth Group's gearing of this year was 0.16609031. Harworth Group's gearing of last year was 0.17615948.
==> 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
Harworth Group's current ratio of this year was 2.78169534. Harworth Group's current ratio of last year was 2.80373825.
==> 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.
Harworth Group's number of shares in issue this year was 334.337. Harworth Group's number of shares in issue last year was 331.274.
==> 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.
Harworth Group's gross margin of this year was 0.09674063. Harworth Group's gross margin of last year was 0.17114299.
==> 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
Harworth Group's asset turnover of this year was 0.12327591. Harworth Group's asset turnover of last year was 0.22025307.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Harworth Group has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
Harworth Group (CHIX:HWGL) has a Piotroski F-Score of 2 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Harworth Group and its competitors. This is 60% below median its historical median of 5.00. Over the past decade, Harworth Group's Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Harworth Group ranks #1637 out of 1756 companies in the Real Estate industry, placing it in the top 93.2%.
Is Harworth Group's Piotroski F-Score too high?
Harworth Group's current Piotroski F-Score of 2 is 60% below 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 6.00. The Real Estate industry median Piotroski F-Score is 5.00. Harworth Group's value of 2 is 60% below this industry median. Based on the distribution chart, Harworth Group ranks #1637 out of 1756 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Harworth Group has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Harworth Group's Piotroski F-Score compare to competitors?
According to the Real Estate industry distribution chart, Harworth Group ranks #1637 out of 1756 companies for Piotroski F-Score. This places Harworth Group in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Harworth Group's value of 2 is 60% below this benchmark. Historically, Harworth Group's own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Harworth Group 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,756 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. Harworth Group's current Piotroski F-Score of 2 is 60% 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 Harworth Group and its competitors. For the Real Estate 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. Harworth Group's current Piotroski F-Score is 2, which is 60% below 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 Harworth Group stock overvalued right now?
Based on GuruFocus' analysis, Harworth Group (CHIX:HWGL) is currently considered Modestly Overvalued. The stock's GF Value™ is £1.15, compared to a current price of £1.27 — trading 10.6% above its estimated fair value. The current Piotroski F-Score is 2, which is 60% below median its 10-year median of 5.00 and 60% below the Real Estate industry median of 5.00. Harworth Group's overall GF Score™ is 72/100 with 8 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 Harworth Group (CHIX:HWGL), the current Piotroski F-Score is 2 as of Jun. 26, 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 Harworth Group (CHIX:HWGL) Overvalued in 2026?
Based on GuruFocus' analysis, Harworth Group stock appears to be overvalued.
The current stock price of £1.27 is trading 10.6% above its estimated GF Value™ of £1.15.
GuruFocus considers Harworth Group to be Modestly Overvalued.
Key valuation signals for CHIX:HWGL:
Piotroski F-Score: 2 (60% below median its 10-year median of 5.00)
GF Value™: £1.15 vs. price of £1.27 (10.6% above fair value)
Industry Position: 60% below the Real Estate median (#1637 of 1756)
No single metric tells the full story. See the CHIX:HWGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harworth Group PLC operates as a brownfield regeneration company in the North of England and the Midlands. It is organized into two operating segments: The Income Generation segment focuses on generating rental returns from the business space portfolio, rental returns and royalties from energy generation, environmental technologies, and the agricultural portfolio, and income-generating streams from recycled aggregates and secondary coal products. The Capital Growth segment focuses on delivering value by developing the underlying portfolio and includes planning and development activity, value engineering, proactive asset management, and strategic land acquisitions. It generates a vast majority of its revenues from the sale of development properties.
72GF Score
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