Novem GroupCHIX:NVMD 14 Piotroski F-Score is 7 as of Jun. 28, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates CHIX:NVMD with a GF Score™ of 14/100 and a GF Value™ of €33.04. The stock has 6 warning signs investors should review. Among 1,286 Vehicles & Parts companies, Novem Group ranks better than 89.04% 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
Novem Group 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 Novem Group's Piotroski F-Score or its related term are showing as below:
CHIX:NVMd'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 6 Max: 8
Current: 7
During the past 6 years, the highest Piotroski F-Score of Novem Group was 8. The lowest was 5. And the median was 6.
Novem Group (CHIX:NVMd) 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.
Novem Group Piotroski F-Score Related Terms
Novem Group Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Novem 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.
CHIX:NVMD vs ORLY, AZO: Piotroski F-Score Comparison
For the Auto Parts subindustry, Novem 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.
Novem Group Piotroski F-Score vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Novem Group's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Novem 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.
Novem Group's current Net Income (TTM) was 11.2.
==> 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.
Novem Group's return on assets of this year was 0.01968947. Novem Group's return on assets of last year was 0.01853297.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Novem Group's gearing of this year was 0.05561663. Novem Group's gearing of last year was 0.50325293.
==> 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
Novem Group's current ratio of this year was 0.84371307. Novem Group's current ratio of last year was 2.20125803.
==> 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.
Novem Group's number of shares in issue this year was 41.621. Novem Group's number of shares in issue last year was 46.407.
==> 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.
Novem Group's gross margin of this year was 0.48816307. Novem Group's gross margin of last year was 0.50121714.
==> 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
Novem Group's asset turnover of this year was 0.89936275. Novem Group's asset turnover of last year was 0.89921876.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Novem Group has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Novem Group (CHIX:NVMD) has a Piotroski F-Score of 7 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Novem Group and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Novem Group's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Novem Group ranks #141 out of 1286 companies in the Vehicles & Parts industry, placing it in the top 11%.
Is Novem Group's Piotroski F-Score too high?
Novem Group's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Vehicles & Parts industry median Piotroski F-Score is 5.00. Novem Group's value of 7 is 40% above this industry median. Based on the distribution chart, Novem Group ranks #141 out of 1286 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Novem Group has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Novem Group's Piotroski F-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Novem Group ranks #141 out of 1286 companies for Piotroski F-Score. This places Novem Group in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Novem Group's value of 7 is 40% above this benchmark. Historically, Novem Group's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Novem Group 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 Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 5.00, based on 1,286 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. Novem Group'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 Novem Group and its competitors. For the Vehicles & Parts 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. Novem Group's current Piotroski F-Score is 7, which is 17% above 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 Novem Group stock overvalued right now?
Novem Group (CHIX:NVMD) has a current Piotroski F-Score of 7. The stock's GF Value™ is €33.04, compared to a current price of €11.18 — trading 66.2% below its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Vehicles & Parts industry median of 5.00. Novem Group's overall GF Score™ is 14/100 with 6 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 Novem Group (CHIX:NVMD), the current Piotroski F-Score is 7 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 Novem Group (CHIX:NVMD) Overvalued in 2026?
Based on GuruFocus' analysis, Novem Group stock appears to be undervalued.
The current stock price of €11.18 is trading 66.2% below its estimated GF Value™ of €33.04.
Key valuation signals for CHIX:NVMD:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: €33.04 vs. price of €11.18 (66.2% below fair value)
Industry Position: 40% above the Vehicles & Parts median (#141 of 1286)
No single metric tells the full story. See the CHIX:NVMD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Novem Group SA operates as a developer, supplier, and system supplier for trim parts and decorative functional elements in vehicle interiors. The products of the company are central consoles, dashboards, beltlines, and others. The company operates in three reportable geographical segments namely Europe, Americas, and Asia. The business activities of these segments include the production, processing, and sale of high-quality trims and decorative functional elements in vehicle interiors. The three reportable operating segments of the Group are Europe, Americas, and Asia.
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