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FIDEA Holdings Co (FRA:5F9) 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.
FIDEA Holdings Co Piotroski F-Score Related Terms
FIDEA Holdings Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for FIDEA Holdings Co'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.
FIDEA Holdings Co Piotroski F-Score Competitor Comparison
For the Banks - Regional subindustry, FIDEA Holdings Co'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.
FIDEA Holdings Co Piotroski F-Score vs Banks Industry
For the Banks industry and Financial Services sector, FIDEA Holdings Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where FIDEA Holdings Co'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.
FIDEA Holdings Co's current Net Income (TTM) was 22.5.
==> 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.
FIDEA Holdings Co's return on assets of this year was 0.00124096. FIDEA Holdings Co's return on assets of last year was 0.00092978.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
FIDEA Holdings Co's gearing of this year was 0.03325753. FIDEA Holdings Co's gearing of last year was 0.03471901.
==> 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
* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.
FIDEA Holdings Co's current ratio of this year was 1.0303602. FIDEA Holdings Co's current ratio of last year was 1.02720863.
==> 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.
FIDEA Holdings Co's number of shares in issue this year was 18.047. FIDEA Holdings Co's number of shares in issue last year was 18.028.
==> 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.
* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.
FIDEA Holdings Co's net margin of this year was 0.08895864. FIDEA Holdings Co's net margin of last year was 0.06106297.
==> This year's net 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
FIDEA Holdings Co's asset turnover of this year was 0.01394984. FIDEA Holdings Co's asset turnover of last year was 0.01522655.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
FIDEA Holdings Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.
FIDEA Holdings Co (FRA:5F9) has a Piotroski F-Score of 5 as of Aug. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on FIDEA Holdings Co and its competitors. This is near median its historical median of 5.00. Over the past decade, FIDEA Holdings Co's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, FIDEA Holdings Co ranks #862 out of 1499 companies in the Banks industry, placing it in the top 57.5%.
Is FIDEA Holdings Co's Piotroski F-Score too high?
FIDEA Holdings Co'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 7.00. The Banks industry median Piotroski F-Score is 6.00. FIDEA Holdings Co's value of 5 is 16.7% below this industry median. Based on the distribution chart, FIDEA Holdings Co ranks #862 out of 1499 companies in the Banks industry, which is below the industry midpoint. Overall, FIDEA Holdings Co has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.
How does FIDEA Holdings Co's Piotroski F-Score compare to competitors?
According to the Banks industry distribution chart, FIDEA Holdings Co ranks #862 out of 1499 companies for Piotroski F-Score. This places FIDEA Holdings Co in the lower half of its industry. The industry median Piotroski F-Score is 6.00. FIDEA Holdings Co's value of 5 is 16.7% below this benchmark. Historically, FIDEA Holdings Co's 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, FIDEA Holdings Co 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 Banks company?
The median Piotroski F-Score among Banks companies is 6.00, based on 1,499 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. FIDEA Holdings Co'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 FIDEA Holdings Co and its competitors. For the Banks 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. FIDEA Holdings Co'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 FIDEA Holdings Co stock overvalued right now?
FIDEA Holdings Co (FRA:5F9) has a current Piotroski F-Score of 5. The stock's GF Value™ is €8.53, compared to a current price of €11.50 — trading 34.8% above 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 Banks industry median of 6.00. FIDEA Holdings Co's overall GF Score™ is 57/100 with 5 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 FIDEA Holdings Co (FRA:5F9), the current Piotroski F-Score is 5 as of Aug. 01, 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 FIDEA Holdings Co (FRA:5F9) Overvalued in 2026?
Based on GuruFocus' analysis, FIDEA Holdings Co stock appears to be overvalued.
The current stock price of €11.50 is trading 34.8% above its estimated GF Value™ of €8.53.
Key valuation signals for FRA:5F9:
Piotroski F-Score: 5 (near median its 10-year median of 5.00)
GF Value™: €8.53 vs. price of €11.50 (34.8% above fair value)
Industry Position: 16.7% below the Banks median (#862 of 1499)
No single metric tells the full story. See the FRA:5F9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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