Trophy Games Development ASFRA:4H7 +1.15%82 Piotroski F-Score is 7 as of Jun. 29, 2026, which is at its 10-year median of 7.00. GuruFocus rates FRA:4H7 with a GF Score™ of 82/100 and a GF Value™ of €1.82 (Fairly Valued). The stock has 2 warning signs investors should review. Among 550 Interactive Media companies, Trophy Games Development AS ranks better than 90.18% 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
Trophy Games Development AS 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 Trophy Games Development AS's Piotroski F-Score or its related term are showing as below:
FRA:4H7'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 7 Max: 8
Current: 7
During the past 7 years, the highest Piotroski F-Score of Trophy Games Development AS was 8. The lowest was 5. And the median was 7.
Trophy Games Development AS (FRA:4H7) 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.
Trophy Games Development AS Piotroski F-Score Related Terms
Trophy Games Development AS Piotroski F-Score Historical Data
* 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.
Trophy Games Development AS Piotroski F-Score Chart
FRA:4H7 vs NTES, EA, TTWO: Piotroski F-Score Comparison
For the Electronic Gaming & Multimedia subindustry, Trophy Games Development AS'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.
Trophy Games Development AS Piotroski F-Score vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Trophy Games Development AS's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Trophy Games Development AS'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.
Trophy Games Development AS's current Net Income (TTM) was 1.68.
==> 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.
Trophy Games Development AS's current Cash Flow from Operations (TTM) was 1.73.
==> 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.
Trophy Games Development AS's return on assets of this year was 0.18363776. Trophy Games Development AS's return on assets of last year was 0.11443324.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Trophy Games Development AS's gearing of this year was 0. Trophy Games Development AS's gearing of last year was 0.
==> 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
Trophy Games Development AS's current ratio of this year was 4.36004714. Trophy Games Development AS's current ratio of last year was 8.45293073.
==> 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.
Trophy Games Development AS's number of shares in issue this year was 26.531. Trophy Games Development AS's number of shares in issue last year was 26.973.
==> 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.
Trophy Games Development AS's gross margin of this year was 0.43471074. Trophy Games Development AS's gross margin of last year was 0.5325826.
==> 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
Trophy Games Development AS's asset turnover of this year was 1.85278355. Trophy Games Development AS's asset turnover of last year was 1.45016811.
==> 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
Trophy Games Development AS has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Trophy Games Development AS (FRA:4H7) has a Piotroski F-Score of 7 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Trophy Games Development AS and its competitors. This is near median its historical median of 7.00. Over the past decade, Trophy Games Development AS's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Trophy Games Development AS ranks #54 out of 550 companies in the Interactive Media industry, placing it in the top 9.8%.
Is Trophy Games Development AS's Piotroski F-Score too high?
Trophy Games Development AS's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Interactive Media industry median Piotroski F-Score is 5.00. Trophy Games Development AS's value of 7 is 40% above this industry median. Based on the distribution chart, Trophy Games Development AS ranks #54 out of 550 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Trophy Games Development AS has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Trophy Games Development AS's Piotroski F-Score compare to NTES and EA?
According to the Interactive Media industry distribution chart, Trophy Games Development AS ranks #54 out of 550 companies for Piotroski F-Score. This places Trophy Games Development AS in the top 10% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Trophy Games Development AS's value of 7 is 40% above this benchmark. Historically, Trophy Games Development AS'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 7.00 vs. the industry median of 5.00, Trophy Games Development AS 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 Interactive Media company?
The median Piotroski F-Score among Interactive Media companies is 5.00, based on 550 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. Trophy Games Development AS'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 Trophy Games Development AS and its competitors. For the Interactive Media 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. Trophy Games Development AS's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trophy Games Development AS stock overvalued right now?
Based on GuruFocus' analysis, Trophy Games Development AS (FRA:4H7) is currently considered Fairly Valued. The stock's GF Value™ is €1.82, compared to a current price of €1.76 — trading 3.3% below its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Interactive Media industry median of 5.00. Trophy Games Development AS's overall GF Score™ is 82/100 with 2 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 Trophy Games Development AS (FRA:4H7), the current Piotroski F-Score is 7 as of Jun. 29, 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 Trophy Games Development AS (FRA:4H7) Overvalued in 2026?
Based on GuruFocus' analysis, Trophy Games Development AS stock appears to be undervalued.
The current stock price of €1.76 is trading 3.3% below its estimated GF Value™ of €1.82.
GuruFocus considers Trophy Games Development AS to be Fairly Valued.
Key valuation signals for FRA:4H7:
Piotroski F-Score: 7 (near median its 10-year median of 7.00)
GF Value™: €1.82 vs. price of €1.76 (3.3% below fair value)
Industry Position: 40% above the Interactive Media median (#54 of 550)
No single metric tells the full story. See the FRA:4H7 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Trophy Games Development AS is a Denmark-based company that develops and publishes mobile and pc games. Its game studio provides endless entertainment and challenging gameplay for all players. The company offers games for mobile, Steam, and browser.
82GF Score
Get the complete analysis for FRA:4H7
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