Huddlestock Fintech ASFRA:9JR 31 Piotroski F-Score is 3 as of Jun. 28, 2026, which is 25% below its 10-year median of 4.00. GuruFocus rates FRA:9JR with a GF Score™ of 31/100 and a GF Value™ of €0.01 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,744 Software companies, Huddlestock Fintech AS ranks worse than 78.94% on this metric.
Warning Sign:
Piotroski F-Score of 3 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Huddlestock Fintech AS has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Huddlestock Fintech AS's Piotroski F-Score or its related term are showing as below:
FRA:9JR'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 4 Max: 6
Current: 3
During the past 7 years, the highest Piotroski F-Score of Huddlestock Fintech AS was 6. The lowest was 3. And the median was 4.
Huddlestock Fintech AS (FRA:9JR) 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.
Huddlestock Fintech AS Piotroski F-Score Related Terms
Huddlestock Fintech AS Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Huddlestock Fintech AS'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.
FRA:9JR vs CRM, SHOP, UBER: Piotroski F-Score Comparison
For the Software - Application subindustry, Huddlestock Fintech 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.
Huddlestock Fintech AS Piotroski F-Score vs Software Industry
For the Software industry and Technology sector, Huddlestock Fintech AS's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Huddlestock Fintech 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.
Huddlestock Fintech AS's current Net Income (TTM) was -9.06.
==> Negative ==> Score 0.
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.
Huddlestock Fintech AS's current Cash Flow from Operations (TTM) was -2.75.
==> Negative ==> Score 0.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Huddlestock Fintech AS's return on assets of this year was -0.5271891. Huddlestock Fintech AS's return on assets of last year was -0.38978029.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Huddlestock Fintech AS's gearing of this year was 0. Huddlestock Fintech 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
Huddlestock Fintech AS's current ratio of this year was 0.39327146. Huddlestock Fintech AS's current ratio of last year was 0.47027361.
==> 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.
Huddlestock Fintech AS's number of shares in issue this year was 284.434. Huddlestock Fintech AS's number of shares in issue last year was 250.786.
==> 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.
Huddlestock Fintech AS's gross margin of this year was -2.15581204. Huddlestock Fintech AS's gross margin of last year was .
==> 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
Huddlestock Fintech AS's asset turnover of this year was 0.0706218. Huddlestock Fintech AS's asset turnover of last year was 0.
==> 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
Huddlestock Fintech AS has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Huddlestock Fintech AS (FRA:9JR) has a Piotroski F-Score of 3 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Huddlestock Fintech AS and its competitors. This is 25% below median its historical median of 4.00. Over the past decade, Huddlestock Fintech AS's Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, Huddlestock Fintech AS ranks #2166 out of 2744 companies in the Software industry, placing it in the top 78.9%.
Is Huddlestock Fintech AS's Piotroski F-Score too high?
Huddlestock Fintech AS's current Piotroski F-Score of 3 is 25% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 6.00. The Software industry median Piotroski F-Score is 5.00. Huddlestock Fintech AS's value of 3 is 40% below this industry median. Based on the distribution chart, Huddlestock Fintech AS ranks #2166 out of 2744 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Huddlestock Fintech AS has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Huddlestock Fintech AS's Piotroski F-Score compare to CRM and SHOP?
According to the Software industry distribution chart, Huddlestock Fintech AS ranks #2166 out of 2744 companies for Piotroski F-Score. This places Huddlestock Fintech AS in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Huddlestock Fintech AS's value of 3 is 40% below this benchmark. Historically, Huddlestock Fintech AS'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 4.00 vs. the industry median of 5.00, Huddlestock Fintech AS 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,744 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. Huddlestock Fintech AS's current Piotroski F-Score of 3 is 40% 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 Huddlestock Fintech AS and its competitors. For the Software 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. Huddlestock Fintech AS's current Piotroski F-Score is 3, which is 25% below median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Huddlestock Fintech AS stock overvalued right now?
Based on GuruFocus' analysis, Huddlestock Fintech AS (FRA:9JR) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.01, compared to a current price of €0.04 — trading 320% above its estimated fair value. The current Piotroski F-Score is 3, which is 25% below median its 10-year median of 4.00 and 40% below the Software industry median of 5.00. Huddlestock Fintech AS's overall GF Score™ is 31/100 with 6 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 Huddlestock Fintech AS (FRA:9JR), the current Piotroski F-Score is 3 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 Huddlestock Fintech AS (FRA:9JR) Overvalued in 2026?
Based on GuruFocus' analysis, Huddlestock Fintech AS stock appears to be overvalued.
The current stock price of €0.04 is trading 320% above its estimated GF Value™ of €0.01.
GuruFocus considers Huddlestock Fintech AS to be Significantly Overvalued.
Key valuation signals for FRA:9JR:
Piotroski F-Score: 3 (25% below median its 10-year median of 4.00)
GF Value™: €0.01 vs. price of €0.04 (320% above fair value)
Industry Position: 40% below the Software median (#2166 of 2744)
No single metric tells the full story. See the FRA:9JR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Huddlestock Fintech AS is a WealthTech company. It develops Investment as a Service solutions for digitizing work processes for custody banks, asset managers and retail trading venues. The open, compliance optimized and data centric-platform allows its customers to offer a differentiated real-time product that reduces cost and increases efficiency. The group has its presence in Norway, Sweden, Denmark and Germany. Huddlestock serves customers across banks, neobanks, wealth managers, fund companies, and investment platforms. The solutions provided by the group are Investment as a Service; and Investment Service designer. Geographically, it operates in Norway, Sweden, Denmark and Germany, of which it derives maximum revenue from Sweden.
31GF Score
Get the complete analysis for FRA:9JR
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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