EDRVY (EDP Renewables) Piotroski F-Score: 8 (As of Jun. 28, 2026) — 33% Above Median


EDRVY EDP Renewables SA EDRVY
75 GF Score
Price $33.42
GF Value $37.78
Valuation Modestly Undervalued
! 9 Warning Signs
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What is EDP Renewables Piotroski F-Score?

EDP Renewables EDRVY 75 Piotroski F-Score is 8 as of Jun. 28, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates EDRVY with a GF Score™ of 75/100 and a GF Value™ of $37.78 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 417 Utilities - Independent Power Producers companies, EDP Renewables ranks better than 99.04% 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

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

EDRVY' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of EDP Renewables was 8. The lowest was 4. And the median was 6.

EDP Renewables  (OTCPK:EDRVY) 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.


EDP Renewables Piotroski F-Score Related Terms


EDP Renewables Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for EDP Renewables'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.

EDP Renewables Piotroski F-Score Chart

EDP Renewables 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 5.00 4.00 4.00 8.00

EDP Renewables 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 4.00 3.00 4.00 N/A 8.00

EDP Renewables Piotroski F-Score Competitor Comparison

For the Utilities - Renewable subindustry, EDP Renewables'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.


EDP Renewables Piotroski F-Score vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, EDP Renewables's Piotroski F-Score distribution charts can be found below:

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


EDRVY
75GF Score
EDP Renewables SA EDRVY
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was $253 Mil.
Cash Flow from Operations was $1,218 Mil.
Revenue was $3,152 Mil.
Gross Profit was $2,570 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (33153.094 + 35585.562) / 2 = $34369.328 Mil.
Total Assets at the begining of this year (Dec24) was $33,153 Mil.
Long-Term Debt & Capital Lease Obligation was $9,397 Mil.
Total Current Assets was $3,746 Mil.
Total Current Liabilities was $5,072 Mil.
Net Income was $-582 Mil.

Revenue was $2,424 Mil.
Gross Profit was $1,916 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (32766.251 + 33153.094) / 2 = $32959.6725 Mil.
Total Assets at the begining of last year (Dec23) was $32,766 Mil.
Long-Term Debt & Capital Lease Obligation was $9,279 Mil.
Total Current Assets was $3,296 Mil.
Total Current Liabilities was $4,799 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.

EDP Renewables's current Net Income (TTM) was 253. ==> 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.

EDP Renewables's current Cash Flow from Operations (TTM) was 1,218. ==> 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 (Dec24)
=252.694/33153.094
=0.00762203

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-582.381/32766.251
=-0.01777381

EDP Renewables's return on assets of this year was 0.00762203. EDP Renewables's return on assets of last year was -0.01777381. ==> 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.

EDP Renewables's current Net Income (TTM) was 253. EDP Renewables's current Cash Flow from Operations (TTM) was 1,218. ==> 1,218 > 253 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=9396.519/34369.328
=0.27339839

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=9279.343/32959.6725
=0.28153626

EDP Renewables's gearing of this year was 0.27339839. EDP Renewables's gearing of last year was 0.28153626. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=3746.365/5072.359
=0.73858435

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=3296.06/4799.021
=0.68681925

EDP Renewables's current ratio of this year was 0.73858435. EDP Renewables's current ratio of last year was 0.68681925. ==> 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.

EDP Renewables's number of shares in issue this year was 523.654. EDP Renewables's number of shares in issue last year was 517.282. ==> 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
=2570.054/3151.753
=0.81543636

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1916.194/2423.521
=0.79066532

EDP Renewables's gross margin of this year was 0.81543636. EDP Renewables's gross margin of last year was 0.79066532. ==> 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 (Dec24)
=3151.753/33153.094
=0.09506663

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=2423.521/32766.251
=0.07396394

EDP Renewables's asset turnover of this year was 0.09506663. EDP Renewables's asset turnover of last year was 0.07396394. ==> 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+1+1+0+1+1
=8

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

EDP Renewables 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?
EDP Renewables (EDRVY) has a Piotroski F-Score of 8 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on EDP Renewables and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, EDP Renewables' Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, EDP Renewables ranks #4 out of 417 companies in the Utilities - Independent Power Producers industry, placing it in the top 1%.
Is EDP Renewables' Piotroski F-Score too high?
EDP Renewables' current Piotroski F-Score of 8 is 33% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Utilities - Independent Power Producers industry median Piotroski F-Score is 5.00. EDP Renewables' value of 8 is 60% above this industry median. Based on the distribution chart, EDP Renewables ranks #4 out of 417 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, EDP Renewables has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does EDP Renewables' Piotroski F-Score compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, EDP Renewables ranks #4 out of 417 companies for Piotroski F-Score. This places EDP Renewables in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. EDP Renewables' value of 8 is 60% above this benchmark. Historically, EDP Renewables' own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, EDP Renewables 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 an Utilities - Independent Power Producers company?
The median Piotroski F-Score among Utilities - Independent Power Producers companies is 5.00, based on 417 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. EDP Renewables'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 EDP Renewables and its competitors. For the Utilities - Independent Power Producers 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. EDP Renewables's current Piotroski F-Score is 8, which is 33% 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 EDP Renewables stock overvalued right now?
Based on GuruFocus' analysis, EDP Renewables (EDRVY) is currently considered Modestly Undervalued. The stock's GF Value™ is $37.78, compared to a current price of $33.42 — trading 11.5% below its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Utilities - Independent Power Producers industry median of 5.00. EDP Renewables' overall GF Score™ is 75/100 with 9 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 EDP Renewables (EDRVY), the current Piotroski F-Score is 8 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 EDP Renewables (EDRVY) Overvalued in 2026?

Based on GuruFocus' analysis, EDP Renewables stock appears to be undervalued. The current stock price of $33.42 is trading 11.5% below its estimated GF Value™ of $37.78. GuruFocus considers EDP Renewables to be Modestly Undervalued.

Key valuation signals for EDRVY:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: $37.78 vs. price of $33.42 (11.5% below fair value)
  • GF Score™: 75/100 with 9 warning signs
  • Industry Position: 60% above the Utilities - Independent Power Producers median (#4 of 417)

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


EDP Renewables Business Description

Address Avenida de Burgos 89, Edificio Adequa 1 A, 7th Floor, Edificio Olmo, Madrid, ESP, 28050
EDP Renovaveis, a 71%-owned subsidiary of integrated Portuguese utility EDP, was created in 2007. It builds, develops, and operates renewable plants, mostly wind and solar. With 20.4 gigawatts of installed capacity at end-2025, EDP Renovaveis is the third-largest European renewables player. The group's plants are mainly located in the U.S, Spain, Portugal, Poland, and Brazil.
75GF Score

Get the complete analysis for EDRVY

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

$33.42
Price
$37.78
GF Value