Heidmar Maritime HoldingsFRA:AW4 25 Piotroski F-Score is 3 as of Jul. 13, 2026, which is 40% below its 10-year median of 5.00. GuruFocus rates FRA:AW4 with a GF Score™ of 25/100. The stock has 4 warning signs investors should review. Among 978 Transportation companies, Heidmar Maritime Holdings ranks worse than 88.45% 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
Heidmar Maritime Holdings has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Heidmar Maritime Holdings's Piotroski F-Score or its related term are showing as below:
FRA:AW4'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 6
Current: 3
During the past 4 years, the highest Piotroski F-Score of Heidmar Maritime Holdings was 6. The lowest was 3. And the median was 5.
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.
Heidmar Maritime Holdings Piotroski F-Score Related Terms
Heidmar Maritime Holdings 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.
FRA:AW4 vs EDRY, GLBS, HTCO: Piotroski F-Score Comparison
For the Marine Shipping subindustry, Heidmar Maritime Holdings'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.
Heidmar Maritime Holdings Piotroski F-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Heidmar Maritime Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Heidmar Maritime Holdings'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.
Heidmar Maritime Holdings's current Net Income (TTM) was -19.27.
==> 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.
Heidmar Maritime Holdings's current Cash Flow from Operations (TTM) was 11.28.
==> 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.
Heidmar Maritime Holdings's return on assets of this year was -0.52922595. Heidmar Maritime Holdings's return on assets of last year was 0.04215019.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Heidmar Maritime Holdings's gearing of this year was 0.5611411. Heidmar Maritime Holdings's gearing of last year was 0.00431343.
==> 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
Heidmar Maritime Holdings's current ratio of this year was 0.93685897. Heidmar Maritime Holdings's current ratio of last year was 1.54019618.
==> 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.
Heidmar Maritime Holdings's number of shares in issue this year was 58.258. Heidmar Maritime Holdings's number of shares in issue last year was 57.103.
==> 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.
Heidmar Maritime Holdings's gross margin of this year was 0.25642585. Heidmar Maritime Holdings's gross margin of last year was 0.58686295.
==> 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
Heidmar Maritime Holdings's asset turnover of this year was 1.31016865. Heidmar Maritime Holdings's asset turnover of last year was 0.63783597.
==> 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
Heidmar Maritime Holdings has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Heidmar Maritime Holdings (FRA:AW4) has a Piotroski F-Score of 3 as of Jul. 13, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Heidmar Maritime Holdings and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, Heidmar Maritime Holdings' Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, Heidmar Maritime Holdings ranks #865 out of 978 companies in the Transportation industry, placing it in the top 88.4%.
Is Heidmar Maritime Holdings' Piotroski F-Score too high?
Heidmar Maritime Holdings' current Piotroski F-Score of 3 is 40% below 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 6.00. The Transportation industry median Piotroski F-Score is 6.00. Heidmar Maritime Holdings' value of 3 is 50% below this industry median. Based on the distribution chart, Heidmar Maritime Holdings ranks #865 out of 978 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Heidmar Maritime Holdings has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does Heidmar Maritime Holdings' Piotroski F-Score compare to EDRY and GLBS?
According to the Transportation industry distribution chart, Heidmar Maritime Holdings ranks #865 out of 978 companies for Piotroski F-Score. This places Heidmar Maritime Holdings in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Heidmar Maritime Holdings' value of 3 is 50% below this benchmark. Historically, Heidmar Maritime Holdings' own Piotroski F-Score has ranged from 3.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Heidmar Maritime Holdings 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 978 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. Heidmar Maritime Holdings's current Piotroski F-Score of 3 is 50% 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 Heidmar Maritime Holdings and its competitors. For the Transportation 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. Heidmar Maritime Holdings's current Piotroski F-Score is 3, which is 40% below 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 Heidmar Maritime Holdings stock overvalued right now?
Heidmar Maritime Holdings (FRA:AW4) has a current Piotroski F-Score of 3. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 50% below the Transportation industry median of 6.00. Heidmar Maritime Holdings' overall GF Score™ is 25/100 with 4 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 Heidmar Maritime Holdings (FRA:AW4), the current Piotroski F-Score is 3 as of Jul. 13, 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.
Heidmar Maritime Holdings Corp is a commercial and technical management company that operates tanker and dry-bulk vessel pools. The group, along with its subsidiaries, operates as a growing tanker pool company engaged in the commercial management and chartering of crude oil and refined petroleum product tankers. Its lines of business currently include asset management, tanker pooling, commercial and time charters, assisting clients with the buying and selling of ships, and technical management services for individual vessels, which include assistance in technical operations and crewing of the vessel. Its geographic areas are Singapore, the USA, the Marshall Islands, the United Arab Emirates, Germany, Switzerland, and Other.
25GF Score
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