CHRYY (Chorus) Piotroski F-Score: 5 (As of Jun. 25, 2026) — Near Median


CHRYY Chorus Ltd CHRYY
73 GF Score
Price $27.86
GF Value $30.48
Valuation Fairly Valued
! 12 Warning Signs
View Full Analysis

What is Chorus Piotroski F-Score?

Chorus CHRYY -1.22% 73 Piotroski F-Score is 5 as of Jun. 25, 2026, which is at its 10-year median of 5.00. GuruFocus rates CHRYY with a GF Score™ of 73/100 and a GF Value™ of $30.48 (Fairly Valued). The stock has 12 warning signs investors should review. Among 359 Telecommunication Services companies, Chorus ranks worse than 51.53% 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

Chorus 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 Chorus's Piotroski F-Score or its related term are showing as below:

CHRYY' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 5

During the past 13 years, the highest Piotroski F-Score of Chorus was 7. The lowest was 3. And the median was 5.

Chorus  (OTCPK:CHRYY) 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.


Chorus Piotroski F-Score Related Terms


Chorus Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Chorus'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.

Chorus Piotroski F-Score Chart

Chorus Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 7.00 5.00 3.00 5.00

Chorus Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 3.00 0.00 5.00 0.00

CHRYY vs TMUS, VZ, T: Piotroski F-Score Comparison

For the Telecom Services subindustry, Chorus'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.


Chorus Piotroski F-Score vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Chorus's Piotroski F-Score distribution charts can be found below:

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


CHRYY
73GF Score
Chorus Ltd CHRYY
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 (Jun25) TTM:Last Year (Jun24) TTM:
Net Income was $2.4 Mil.
Cash Flow from Operations was $337.4 Mil.
Revenue was $573.3 Mil.
Gross Profit was $573.3 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (3690.608 + 3674.11) / 2 = $3682.359 Mil.
Total Assets at the begining of this year (Jun24) was $3,690.6 Mil.
Long-Term Debt & Capital Lease Obligation was $1,849.7 Mil.
Total Current Assets was $141.2 Mil.
Total Current Liabilities was $304.8 Mil.
Net Income was $-5.5 Mil.

Revenue was $620.0 Mil.
Gross Profit was $620.0 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (3782.209 + 3690.608) / 2 = $3736.4085 Mil.
Total Assets at the begining of last year (Jun23) was $3,782.2 Mil.
Long-Term Debt & Capital Lease Obligation was $1,642.1 Mil.
Total Current Assets was $122.8 Mil.
Total Current Liabilities was $331.5 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.

Chorus's current Net Income (TTM) was 2.4. ==> 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.

Chorus's current Cash Flow from Operations (TTM) was 337.4. ==> 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 (Jun24)
=2.414/3690.608
=0.00065409

ROA (Last Year)=Net Income/Total Assets (Jun23)
=-5.525/3782.209
=-0.00146079

Chorus's return on assets of this year was 0.00065409. Chorus's return on assets of last year was -0.00146079. ==> 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.

Chorus's current Net Income (TTM) was 2.4. Chorus's current Cash Flow from Operations (TTM) was 337.4. ==> 337.4 > 2.4 ==> 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: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=1849.728/3682.359
=0.50232147

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=1642.112/3736.4085
=0.43948942

Chorus's gearing of this year was 0.50232147. Chorus's gearing of last year was 0.43948942. ==> 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: Jun25)=Total Current Assets/Total Current Liabilities
=141.219/304.768
=0.46336558

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=122.775/331.492
=0.37037093

Chorus's current ratio of this year was 0.46336558. Chorus's current ratio of last year was 0.37037093. ==> 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.

Chorus's number of shares in issue this year was 108.108. Chorus's number of shares in issue last year was 87. ==> 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
=573.325/573.325
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=620.012/620.012
=1

Chorus's gross margin of this year was 1. Chorus's gross margin of last year was 1. ==> 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 (Jun24)
=573.325/3690.608
=0.15534703

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=620.012/3782.209
=0.16392854

Chorus's asset turnover of this year was 0.15534703. Chorus's asset turnover of last year was 0.16392854. ==> 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+0+1+0+0+0
=5

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

Chorus 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?
Chorus (CHRYY) has a Piotroski F-Score of 5 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Chorus and its competitors. This is near median its historical median of 5.00. Over the past decade, Chorus' Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Chorus ranks #185 out of 359 companies in the Telecommunication Services industry, placing it in the top 51.5%.
Is Chorus' Piotroski F-Score too high?
Chorus' 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 7.00. The Telecommunication Services industry median Piotroski F-Score is 6.00. Chorus' value of 5 is 16.7% below this industry median. Based on the distribution chart, Chorus ranks #185 out of 359 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Chorus has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Chorus' Piotroski F-Score compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Chorus ranks #185 out of 359 companies for Piotroski F-Score. This places Chorus in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Chorus' value of 5 is 16.7% below this benchmark. Historically, Chorus' own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Chorus 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 Telecommunication Services company?
The median Piotroski F-Score among Telecommunication Services companies is 6.00, based on 359 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. Chorus's current Piotroski F-Score of 5 is 16.7% 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 Chorus and its competitors. For the Telecommunication Services 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. Chorus'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 Chorus stock overvalued right now?
Based on GuruFocus' analysis, Chorus (CHRYY) is currently considered Fairly Valued. The stock's GF Value™ is $30.48, compared to a current price of $27.86 — trading 8.6% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 16.7% below the Telecommunication Services industry median of 6.00. Chorus' overall GF Score™ is 73/100 with 12 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 Chorus (CHRYY), the current Piotroski F-Score is 5 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 Chorus (CHRYY) Overvalued in 2026?

Based on GuruFocus' analysis, Chorus stock appears to be undervalued. The current stock price of $27.86 is trading 8.6% below its estimated GF Value™ of $30.48. GuruFocus considers Chorus to be Fairly Valued.

Key valuation signals for CHRYY:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: $30.48 vs. price of $27.86 (8.6% below fair value)
  • GF Score™: 73/100 with 12 warning signs
  • Industry Position: 16.7% below the Telecommunication Services median (#185 of 359)

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


Chorus Business Description

Address 1 Willis Street, Level 10, Wellington, NTL, NZL
Chorus is New Zealand's largest fixed-line communications infrastructure entity. It completed the government's rollout of ultra-fast broadband a fiber-to-the-premises network covering 87% of the population in New Zealand in December 2022. Chorus offers wholesale access to the country's only nationwide copper and fiber infrastructure network. This allows around 100 retail service providers to enable consumers and business to connect to the internet and other telecommunications products. Chorus also provides backhaul services to retail service providers and connects mobile telephony towers.
73GF Score

Get the complete analysis for CHRYY

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

$27.86
Price
$30.48
GF Value