Tonies SE (CHIX:TNIED) Piotroski F-Score: 5 (As of Jun. 26, 2026) — Near Median


CHIX:TNIED Tonies SE CHIX:TNIED
34 GF Score
Price €10.38
! 8 Warning Signs
View Full Analysis

What is Tonies SE Piotroski F-Score?

Tonies SE CHIX:TNIED 34 Piotroski F-Score is 5 as of Jun. 26, 2026, which is at its 10-year median of 5.00. GuruFocus rates CHIX:TNIED with a GF Score™ of 34/100. The stock has 8 warning signs investors should review. Among 840 Travel & Leisure companies, Tonies SE ranks better than 52.74% on this metric.

The zones of discrimination were as such:

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

Tonies SE has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Tonies SE's Piotroski F-Score or its related term are showing as below:

CHIX:TNIEd' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 6
Current: 5

During the past 5 years, the highest Piotroski F-Score of Tonies SE was 6. The lowest was 3. And the median was 5.

Tonies SE  (CHIX:TNIEd) 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.


Tonies SE Piotroski F-Score Related Terms


Tonies SE Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Tonies SE'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.

Tonies SE Piotroski F-Score Chart

Tonies SE Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
N/A N/A 3.00 6.00 5.00

Tonies SE Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only N/A 6.00 N/A 5.00 0.00

CHIX:TNIED vs AS, HAS, LTH: Piotroski F-Score Comparison

For the Leisure subindustry, Tonies SE'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.


Tonies SE Piotroski F-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Tonies SE's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Tonies SE's Piotroski F-Score falls into.


CHIX:TNIED
34GF Score
Tonies SE CHIX:TNIED
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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was €13.1 Mil.
Cash Flow from Operations was €47.2 Mil.
Revenue was €480.5 Mil.
Gross Profit was €243.5 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was (492.352 + 558.496) / 2 = €525.424 Mil.
Total Assets at the begining of this year (Dec23) was €492.4 Mil.
Long-Term Debt & Capital Lease Obligation was €19.3 Mil.
Total Current Assets was €271.1 Mil.
Total Current Liabilities was €166.2 Mil.
Net Income was €-11.8 Mil.

Revenue was €360.9 Mil.
Gross Profit was €186.1 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was (481.834 + 492.352) / 2 = €487.093 Mil.
Total Assets at the begining of last year (Dec22) was €481.8 Mil.
Long-Term Debt & Capital Lease Obligation was €12.2 Mil.
Total Current Assets was €209.6 Mil.
Total Current Liabilities was €127.4 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.

Tonies SE's current Net Income (TTM) was 13.1. ==> 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.

Tonies SE's current Cash Flow from Operations (TTM) was 47.2. ==> 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 (Dec23)
=13.083/492.352
=0.02657245

ROA (Last Year)=Net Income/Total Assets (Dec22)
=-11.807/481.834
=-0.02450429

Tonies SE's return on assets of this year was 0.02657245. Tonies SE's return on assets of last year was -0.02450429. ==> 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.

Tonies SE's current Net Income (TTM) was 13.1. Tonies SE's current Cash Flow from Operations (TTM) was 47.2. ==> 47.2 > 13.1 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=19.29/525.424
=0.03671321

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=12.191/487.093
=0.02502807

Tonies SE's gearing of this year was 0.03671321. Tonies SE's gearing of last year was 0.02502807. ==> Last year is lower than this year ==> Score 0.

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: Dec24)=Total Current Assets/Total Current Liabilities
=271.098/166.169
=1.63145954

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=209.571/127.42
=1.6447261

Tonies SE's current ratio of this year was 1.63145954. Tonies SE's current ratio of last year was 1.6447261. ==> 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.

Tonies SE's number of shares in issue this year was 113.792. Tonies SE's number of shares in issue last year was 112.537. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=243.513/480.546
=0.50674233

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=186.128/360.948
=0.51566431

Tonies SE's gross margin of this year was 0.50674233. Tonies SE's gross margin of last year was 0.51566431. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec23)
=480.546/492.352
=0.97602122

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=360.948/481.834
=0.74911276

Tonies SE's asset turnover of this year was 0.97602122. Tonies SE's asset turnover of last year was 0.74911276. ==> This year's asset turnover is higher. ==> Score 1.

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+0+0+0+0+1
=5

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

Tonies SE has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 5 mean?
Tonies SE (CHIX:TNIED) has a Piotroski F-Score of 5 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Tonies SE and its competitors. This is near median its historical median of 5.00. Over the past decade, Tonies SE's Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, Tonies SE ranks #397 out of 840 companies in the Travel & Leisure industry, placing it in the top 47.3%.
Is Tonies SE's Piotroski F-Score too high?
Tonies SE's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 6.00. The Travel & Leisure industry median Piotroski F-Score is 5.00. Tonies SE's value of 5 is 0% at this industry median. Based on the distribution chart, Tonies SE ranks #397 out of 840 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Tonies SE has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Tonies SE's Piotroski F-Score compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Tonies SE ranks #397 out of 840 companies for Piotroski F-Score. This puts Tonies SE in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Tonies SE's value of 5 is 0% at this benchmark. Historically, Tonies SE's own Piotroski F-Score has ranged from 3.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Tonies SE has consistently been at 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 Travel & Leisure company?
The median Piotroski F-Score among Travel & Leisure companies is 5.00, based on 840 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. Tonies SE's current Piotroski F-Score of 5 is 0% at 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 Tonies SE and its competitors. For the Travel & Leisure 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. Tonies SE's current Piotroski F-Score is 5, which is near 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 Tonies SE stock overvalued right now?
Tonies SE (CHIX:TNIED) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Travel & Leisure industry median of 5.00. Tonies SE's overall GF Score™ is 34/100 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 Tonies SE (CHIX:TNIED), the current Piotroski F-Score is 5 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.

Tonies SE Business Description

Address 9, Rue de Bitbourg, Luxemburg, LUX, L - 1273
Tonies SE provides an audio entertainment system. The company offers Toniebox, an audio system for kids that plays stories, songs, and others. Geographically, It generates majority of the revenue from Germany.
34GF Score

Get the complete analysis for CHIX:TNIED

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

€10.38
Price