Cogent Communications HoldingsFRA:OGM1 -4.55%59 Piotroski F-Score is 4 as of Jun. 26, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates FRA:OGM1 with a GF Score™ of 59/100 and a GF Value™ of €56.81 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 359 Telecommunication Services companies, Cogent Communications Holdings ranks worse than 71.03% 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
Cogent Communications Holdings 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 Cogent Communications Holdings's Piotroski F-Score or its related term are showing as below:
FRA:OGM1'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 7
Current: 4
During the past 13 years, the highest Piotroski F-Score of Cogent Communications Holdings was 7. 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.
Cogent Communications Holdings Piotroski F-Score Related Terms
Cogent Communications 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:OGM1 vs GLIBA, SHEN, GOGO: Piotroski F-Score Comparison
For the Telecom Services subindustry, Cogent Communications 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.
Cogent Communications Holdings Piotroski F-Score vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Cogent Communications Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Cogent Communications 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.
Cogent Communications Holdings's current Net Income (TTM) was -146.0.
==> 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.
Cogent Communications Holdings's current Cash Flow from Operations (TTM) was -27.8.
==> 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.
Cogent Communications Holdings's return on assets of this year was -0.05057908. Cogent Communications Holdings's return on assets of last year was -0.06096284.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Cogent Communications Holdings's gearing of this year was 0.81604499. Cogent Communications Holdings's gearing of last year was 0.7124146.
==> 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
Cogent Communications Holdings's current ratio of this year was 1.90327381. Cogent Communications Holdings's current ratio of last year was 1.49133949.
==> 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.
Cogent Communications Holdings's number of shares in issue this year was 47.775. Cogent Communications Holdings's number of shares in issue last year was 47.677.
==> 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.
Cogent Communications Holdings's gross margin of this year was 0.45574145. Cogent Communications Holdings's gross margin of last year was 0.39991921.
==> 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
Cogent Communications Holdings's asset turnover of this year was 0.28820114. Cogent Communications Holdings's asset turnover of last year was 0.32592261.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
=
Que. 1
+
Que. 2
+
Que. 3
+
Que. 4
+
Que. 5
+
Que. 6
+
Que. 7
+
Que. 8
+
Que. 9
=
0
+
0
+
1
+
1
+
0
+
1
+
0
+
1
+
0
=
4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Cogent Communications Holdings has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Cogent Communications Holdings (FRA:OGM1) has a Piotroski F-Score of 4 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Cogent Communications Holdings and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Cogent Communications Holdings' Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Cogent Communications Holdings ranks #255 out of 359 companies in the Telecommunication Services industry, placing it in the top 71%.
Is Cogent Communications Holdings' Piotroski F-Score too high?
Cogent Communications Holdings' current Piotroski F-Score of 4 is 20% 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 7.00. The Telecommunication Services industry median Piotroski F-Score is 6.00. Cogent Communications Holdings' value of 4 is 33.3% below this industry median. Based on the distribution chart, Cogent Communications Holdings ranks #255 out of 359 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Cogent Communications Holdings has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Cogent Communications Holdings' Piotroski F-Score compare to GLIBA and SHEN?
According to the Telecommunication Services industry distribution chart, Cogent Communications Holdings ranks #255 out of 359 companies for Piotroski F-Score. This places Cogent Communications Holdings in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Cogent Communications Holdings' value of 4 is 33.3% below this benchmark. Historically, Cogent Communications Holdings' 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, Cogent Communications 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 Telecommunication Services company?
The median Piotroski F-Score among Telecommunication Services companies is 6.00, based on 359 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. Cogent Communications Holdings's current Piotroski F-Score of 4 is 33.3% 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 Cogent Communications Holdings and its competitors. For the Telecommunication Services 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. Cogent Communications Holdings's current Piotroski F-Score is 4, which is 20% 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 Cogent Communications Holdings stock overvalued right now?
Based on GuruFocus' analysis, Cogent Communications Holdings (FRA:OGM1) is currently considered Possible Value Trap. The stock's GF Value™ is €56.81, compared to a current price of €10.71 — trading 81.1% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 33.3% below the Telecommunication Services industry median of 6.00. Cogent Communications Holdings' overall GF Score™ is 59/100 with 7 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 Cogent Communications Holdings (FRA:OGM1), the current Piotroski F-Score is 4 as of Jun. 26, 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 Cogent Communications Holdings (FRA:OGM1) Overvalued in 2026?
Based on GuruFocus' analysis, Cogent Communications Holdings stock appears to be undervalued.
The current stock price of €10.71 is trading 81.1% below its estimated GF Value™ of €56.81.
GuruFocus considers Cogent Communications Holdings to be Possible Value Trap.
Key valuation signals for FRA:OGM1:
Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
GF Value™: €56.81 vs. price of €10.71 (81.1% below fair value)
Industry Position: 33.3% below the Telecommunication Services median (#255 of 359)
No single metric tells the full story. See the FRA:OGM1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cogent Communications Holdings Business Description
Cogent carries over one-fifth of the world's internet traffic on its network, providing high-capacity services to businesses. Cogent's corporate customers are in high-rise office buildings, where the firm provides two types of connections: dedicated internet access, which connects them to the internet, and virtual private networking, which offers an internal network for employees in different locations. Cogent's corporate customers are exclusively in North America and account for nearly half of the firm's revenue. Cogent's netcentric customers include internet service providers and content providers, to which Cogent provides internet transit. They hand traffic to Cogent in data centers and rely on Cogent to deliver it. About half of netcentric revenue is from outside the US.
59GF Score
Get the complete analysis for FRA:OGM1
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:OGM1 has been successfully added to your 
