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Via TransportationFRA:C0I +4.59%15 Piotroski F-Score is 5 as of Sep. 16, 2026, which is at its 10-year median of 5.00. GuruFocus rates FRA:C0I with a GF Score™ of 15/100. Among 2,751 Software companies, Via Transportation ranks better than 60.74% on this metric.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Via Transportation has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Via Transportation's Piotroski F-Score or its related term are showing as below:
FRA:C0I'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 5 Max: 5
Current: 5
During the past 3 years, the highest Piotroski F-Score of Via Transportation was 5. The lowest was 5. And the median was 5.
Via Transportation (FRA:C0I) 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.
Via Transportation Piotroski F-Score Related Terms
Via Transportation Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Via Transportation'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:C0I vs ASAN, VERX, DBD: Piotroski F-Score Comparison
For the Software - Application subindustry, Via Transportation'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.
Via Transportation Piotroski F-Score vs Software Industry
For the Software industry and Technology sector, Via Transportation's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Via Transportation'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.
This Year (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was -31.564400529073 + -18.846459387903 + -17.222435444805 + -16.819332 = €-84.5 Mil. Cash Flow from Operations was -6.7180368107527 + -0.49588510614692 + -18.118217485906 + -9.2678108196782 = €-34.6 Mil. Revenue was 93.830650668647 + 102.16145328939 + 108.92470288715 + 116.71615298241 = €421.6 Mil. Gross Profit was 35.843782616146 + 39.747162229328 + 42.086370362365 + 47.147625327675 = €164.8 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(339.79639647314 + 597.49617021277 + 633.44884839712 + 627.77295608401 + 628.31190413715) / 5 = €565.36525506 Mil. Total Assets at the begining of this year (Jun25) was €339.8 Mil. Long-Term Debt & Capital Lease Obligation was €0.0 Mil. Total Current Assets was €400.1 Mil. Total Current Liabilities was €79.4 Mil.
Net Income was -19.412040155842 + -17.611450287498 + -15.503630201303 + -18.722444914046 = €-71.2 Mil.
Revenue was 75.840314820342 + 85.951677214893 + 93.724893688602 + 94.519188114438 = €350.0 Mil. Gross Profit was 28.049829090837 + 33.921681954798 + 36.692969976952 + 35.938871569373 = €134.6 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Jun25) was
(341.82320191916 + + 374.53500724288 + + 339.79639647314) / 5 = €352.05153521 Mil. Total Assets at the begining of last year (Dec23) was €341.8 Mil. Long-Term Debt & Capital Lease Obligation was €1,099.7 Mil. Total Current Assets was €147.8 Mil. Total Current Liabilities was €70.5 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.
Via Transportation's current Net Income (TTM) was -84.5.
==> 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.
Via Transportation's return on assets of this year was -0.24853891. Via Transportation's return on assets of last year was -0.20843982.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Via Transportation's gearing of this year was 0. Via Transportation's gearing of last year was 3.12369803.
==> 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
Via Transportation's current ratio of this year was 5.03773294. Via Transportation's current ratio of last year was 2.09541865.
==> 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.
Via Transportation's number of shares in issue this year was 81.337. Via Transportation's number of shares in issue last year was 79.515.
==> 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.
Via Transportation's gross margin of this year was 0.39092044. Via Transportation's gross margin of last year was 0.38454137.
==> 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
Via Transportation's asset turnover of this year was 1.24084. Via Transportation's asset turnover of last year was 1.02402667.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Via Transportation has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Via Transportation (FRA:C0I) has a Piotroski F-Score of 5 as of Sep. 16, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Via Transportation and its competitors. This is near median its historical median of 5.00. Over the past decade, Via Transportation's Piotroski F-Score has ranged from 5.00 to 5.00. According to the industry distribution chart, Via Transportation ranks #1080 out of 2751 companies in the Software industry, placing it in the top 39.3%.
Is Via Transportation's Piotroski F-Score too high?
Via Transportation'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 5.00 to a high of 5.00. The Software industry median Piotroski F-Score is 5.00. Via Transportation's value of 5 is 0% at this industry median. Based on the distribution chart, Via Transportation ranks #1080 out of 2751 companies in the Software industry, which is above the industry midpoint. Overall, Via Transportation has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Via Transportation's Piotroski F-Score compare to ASAN and VERX?
According to the Software industry distribution chart, Via Transportation ranks #1080 out of 2751 companies for Piotroski F-Score. This puts Via Transportation in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Via Transportation's value of 5 is 0% at this benchmark. Historically, Via Transportation's own Piotroski F-Score has ranged from 5.00 to 5.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Via Transportation has consistently been at 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 2,751 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. Via Transportation's current Piotroski F-Score of 5 is 0% at 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 Via Transportation 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. Via Transportation'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 Via Transportation stock overvalued right now?
Via Transportation (FRA:C0I) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Software industry median of 5.00. Via Transportation's overall GF Score™ is 15/100. 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 Via Transportation (FRA:C0I), the current Piotroski F-Score is 5 as of Sep. 16, 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.
Via Transportation Inc transforms antiquated and siloed public transportation systems into smart, data-driven, and efficient digital networks. The company is organized into one reportable segment, the Platform segment. Geographically, it operates in the United States, Germany, and Other countries, of which it derives maximum revenue form United States.
15GF Score
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