Q.Beyond AG (CHIX:QBY0D) Piotroski F-Score: 8 (As of Jun. 25, 2026) — 60% Above Median


CHIX:QBY0D Q.Beyond AG CHIX:QBY0D
69 GF Score
Price €9.31
GF Value €9.62
! 3 Warning Signs
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What is Q.Beyond AG Piotroski F-Score?

Q.Beyond AG CHIX:QBY0D 69 Piotroski F-Score is 8 as of Jun. 25, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates CHIX:QBY0D with a GF Score™ of 69/100 and a GF Value™ of €9.62. The stock has 3 warning signs investors should review. Among 2,739 Software companies, Q.Beyond AG ranks better than 98.69% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

Q.Beyond AG has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Q.Beyond AG's Piotroski F-Score or its related term are showing as below:

CHIX:QBY0d' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Q.Beyond AG was 8. The lowest was 2. And the median was 5.

Q.Beyond AG  (CHIX:QBY0d) 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.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

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.


Q.Beyond AG Piotroski F-Score Related Terms


Q.Beyond AG Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Q.Beyond AG'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.

Q.Beyond AG Piotroski F-Score Chart

Q.Beyond AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 4.00 6.00 6.00 7.00

Q.Beyond AG Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 6.00 5.00 7.00 8.00

CHIX:QBY0D vs IBM, ACN, FISV: Piotroski F-Score Comparison

For the Information Technology Services subindustry, Q.Beyond AG'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.


Q.Beyond AG Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, Q.Beyond AG's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Q.Beyond AG's Piotroski F-Score falls into.


CHIX:QBY0D
69GF Score
Q.Beyond AG CHIX:QBY0D
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* 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.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was -0.193 + 0.487 + 1.68 + -1.129 = €0.8 Mil.
Cash Flow from Operations was -6.037 + 3.08 + 3.326 + 2.567 = €2.9 Mil.
Revenue was 44.402 + 43.627 + 48.162 + 42.816 = €179.0 Mil.
Gross Profit was 8.744 + 7.32 + 0.585 + 7.605 = €24.3 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(151.439 + 138.895 + 138.587 + 134.131 + 139.169) / 5 = €140.4442 Mil.
Total Assets at the begining of this year (Mar25) was €151.4 Mil.
Long-Term Debt & Capital Lease Obligation was €7.2 Mil.
Total Current Assets was €84.9 Mil.
Total Current Liabilities was €31.5 Mil.
Net Income was -1.008 + -0.965 + -1.606 + -0.495 = €-4.1 Mil.

Revenue was 47.272 + 47.019 + 51.184 + 46.397 = €191.9 Mil.
Gross Profit was 7.89 + 7.633 + -0.23 + 8.946 = €24.2 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(149.819 + 148.579 + 148.811 + 152.886 + 151.439) / 5 = €150.3068 Mil.
Total Assets at the begining of last year (Mar24) was €149.8 Mil.
Long-Term Debt & Capital Lease Obligation was €7.8 Mil.
Total Current Assets was €91.3 Mil.
Total Current Liabilities was €43.1 Mil.

*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.

Q.Beyond AG's current Net Income (TTM) was 0.8. ==> 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.

Score 1 if positive, 0 if negative.

Q.Beyond AG's current Cash Flow from Operations (TTM) was 2.9. ==> 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.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=0.845/151.439
=0.0055798

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-4.074/149.819
=-0.02719281

Q.Beyond AG's return on assets of this year was 0.0055798. Q.Beyond AG's return on assets of last year was -0.02719281. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Q.Beyond AG's current Net Income (TTM) was 0.8. Q.Beyond AG's current Cash Flow from Operations (TTM) was 2.9. ==> 2.9 > 0.8 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=7.232/140.4442
=0.05149376

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=7.78/150.3068
=0.0517608

Q.Beyond AG's gearing of this year was 0.05149376. Q.Beyond AG's gearing of last year was 0.0517608. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=84.916/31.547
=2.6917298

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=91.287/43.133
=2.11640739

Q.Beyond AG's current ratio of this year was 2.6917298. Q.Beyond AG's current ratio of last year was 2.11640739. ==> 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.

Q.Beyond AG's number of shares in issue this year was 22.58. Q.Beyond AG's number of shares in issue last year was 24.75. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=24.254/179.007
=0.13549191

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=24.239/191.872
=0.12632901

Q.Beyond AG's gross margin of this year was 0.13549191. Q.Beyond AG's gross margin of last year was 0.12632901. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=179.007/151.439
=1.18204029

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=191.872/149.819
=1.28069204

Q.Beyond AG's asset turnover of this year was 1.18204029. Q.Beyond AG's asset turnover of last year was 1.28069204. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+1+1+1+1+0
=8

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Q.Beyond AG has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Q.Beyond AG (CHIX:QBY0D) has a Piotroski F-Score of 8 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Q.Beyond AG and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Q.Beyond AG's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Q.Beyond AG ranks #36 out of 2739 companies in the Software industry, placing it in the top 1.3%.
Is Q.Beyond AG's Piotroski F-Score too high?
Q.Beyond AG's current Piotroski F-Score of 8 is 60% above 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 8.00. The Software industry median Piotroski F-Score is 5.00. Q.Beyond AG's value of 8 is 60% above this industry median. Based on the distribution chart, Q.Beyond AG ranks #36 out of 2739 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Q.Beyond AG has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Q.Beyond AG's Piotroski F-Score compare to IBM and ACN?
According to the Software industry distribution chart, Q.Beyond AG ranks #36 out of 2739 companies for Piotroski F-Score. This places Q.Beyond AG in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Q.Beyond AG's value of 8 is 60% above this benchmark. Historically, Q.Beyond AG's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Q.Beyond AG 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,739 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. Q.Beyond AG's current Piotroski F-Score of 8 is 60% 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 Q.Beyond AG and its competitors. For the Software 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. Q.Beyond AG's current Piotroski F-Score is 8, which is 60% above 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 Q.Beyond AG stock overvalued right now?
Q.Beyond AG (CHIX:QBY0D) has a current Piotroski F-Score of 8. The stock's GF Value™ is €9.62, compared to a current price of €9.31 — trading 3.2% below its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 60% above the Software industry median of 5.00. Q.Beyond AG'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 Q.Beyond AG (CHIX:QBY0D), the current Piotroski F-Score is 8 as of Jun. 25, 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 Q.Beyond AG (CHIX:QBY0D) Overvalued in 2026?

Based on GuruFocus' analysis, Q.Beyond AG stock appears to be undervalued. The current stock price of €9.31 is trading 3.2% below its estimated GF Value™ of €9.62.

Key valuation signals for CHIX:QBY0D:

  • Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
  • GF Value™: €9.62 vs. price of €9.31 (3.2% below fair value)
  • GF Score™: 69/100 with 3 warning signs
  • Industry Position: 60% above the Software median (#36 of 2739)

No single metric tells the full story. See the CHIX:QBY0D stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Q.Beyond AG Business Description

Other Exchanges 0CHZ:UKQBY0:Germany
Address Richard-Byrd-Strasse 4, Cologne, DEU, 50829
Q.Beyond AG helps its customers find digital solutions for their business and then put them into practice. The company is into Cloud, SAP, and IoT. It focuses on a digital branch, tailored cloud, SAP S / 4HANA, and cybersecurity. The company's segments are into consulting and development services (the "Consulting" segment) and operating services (the "Managed Services" segment). The portfolio under Managed Services ranges from turnkey cloud modules to digital workplaces facilitating networked mobile work to individual IT outsourcing services. The Consulting segment comprises a variety of consulting and customised development services. The company generates the majority of its revenue from the Managed Services segment.
69GF Score

Get the complete analysis for CHIX:QBY0D

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€9.31
Price
€9.62
GF Value