Autodesk (HAM:AUD) Piotroski F-Score: 8 (As of Jun. 26, 2026) — 33% Above Median


HAM:AUD Autodesk Inc HAM:AUD
86 GF Score
Price €167.10
GF Value €300.09
Valuation Significantly Undervalued
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What is Autodesk Piotroski F-Score?

Autodesk HAM:AUD -2.53% 86 Piotroski F-Score is 8 as of Jun. 26, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates HAM:AUD with a GF Score™ of 86/100 and a GF Value™ of €300.09 (Significantly Undervalued). Among 2,743 Software companies, Autodesk ranks better than 98.65% on this metric.

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Autodesk has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Autodesk's Piotroski F-Score or its related term are showing as below:

HAM:AUD' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of Autodesk was 9. The lowest was 2. And the median was 6.

Autodesk  (HAM:AUD) 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.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

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.


Autodesk Piotroski F-Score Related Terms


Autodesk Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Autodesk'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.

Autodesk Piotroski F-Score Chart

Autodesk Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 7.00 8.00 6.00 7.00

Autodesk Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 6.00 7.00 7.00 8.00

HAM:AUD vs MSTR, WDAY, PAYX: Piotroski F-Score Comparison

For the Software - Application subindustry, Autodesk'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.


Autodesk Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, Autodesk's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Autodesk's Piotroski F-Score falls into.


HAM:AUD
86GF Score
Autodesk Inc HAM:AUD
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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How is the Piotroski F-Score calculated?

* 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 (Apr26) TTM:Last Year (Apr25) TTM:
Net Income was 268.241 + 294.637 + 268.916 + 419.805 = €1,252 Mil.
Cash Flow from Operations was 394.22 + 377.101 + 841.639 + 763.515 = €2,376 Mil.
Revenue was 1510.891 + 1591.727 + 1665.407 + 1653.57 = €6,422 Mil.
Gross Profit was 1374.628 + 1449.992 + 1524.141 + 1503.945 = €5,853 Mil.
Average Total Assets from the begining of this year (Apr25)
to the end of this year (Apr26) was
(9420.65 + 9303.592 + 9619.082 + 10609.417 + 10201.86) / 5 = €9830.9202 Mil.
Total Assets at the begining of this year (Apr25) was €9,421 Mil.
Long-Term Debt & Capital Lease Obligation was €2,284 Mil.
Total Current Assets was €3,740 Mil.
Total Current Liabilities was €4,480 Mil.
Net Income was 260.004 + 252.45 + 292.698 + 135.28 = €940 Mil.

Revenue was 1387.61 + 1441.26 + 1583.274 + 1453.37 = €5,866 Mil.
Gross Profit was 1258.53 + 1306.314 + 1434.51 + 1310.97 = €5,310 Mil.
Average Total Assets from the begining of last year (Apr24)
to the end of last year (Apr25) was
(9161.56 + 9183.12 + 9302.094 + 10464.678 + 9420.65) / 5 = €9506.4204 Mil.
Total Assets at the begining of last year (Apr24) was €9,162 Mil.
Long-Term Debt & Capital Lease Obligation was €1,946 Mil.
Total Current Assets was €2,861 Mil.
Total Current Liabilities was €4,378 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.

Autodesk's current Net Income (TTM) was 1,252. ==> 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.

Score 1 if positive, 0 if negative.

Autodesk's current Cash Flow from Operations (TTM) was 2,376. ==> 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.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Apr25)
=1251.599/9420.65
=0.13285697

ROA (Last Year)=Net Income/Total Assets (Apr24)
=940.432/9161.56
=0.10264977

Autodesk's return on assets of this year was 0.13285697. Autodesk's return on assets of last year was 0.10264977. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Autodesk's current Net Income (TTM) was 1,252. Autodesk's current Cash Flow from Operations (TTM) was 2,376. ==> 2,376 > 1,252 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Apr26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr25 to Apr26
=2283.705/9830.9202
=0.23229819

Gearing (Last Year: Apr25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr24 to Apr25
=1946.43/9506.4204
=0.20474899

Autodesk's gearing of this year was 0.23229819. Autodesk's gearing of last year was 0.20474899. ==> 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

Current Ratio (This Year: Apr26)=Total Current Assets/Total Current Liabilities
=3739.77/4480.2
=0.83473282

Current Ratio (Last Year: Apr25)=Total Current Assets/Total Current Liabilities
=2861.35/4377.91
=0.65358813

Autodesk's current ratio of this year was 0.83473282. Autodesk's current ratio of last year was 0.65358813. ==> 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.

Autodesk's number of shares in issue this year was 212. Autodesk's number of shares in issue last year was 216. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=5852.706/6421.595
=0.91141002

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5310.324/5865.514
=0.90534674

Autodesk's gross margin of this year was 0.91141002. Autodesk's gross margin of last year was 0.90534674. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Apr25)
=6421.595/9420.65
=0.68165095

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Apr24)
=5865.514/9161.56
=0.64023092

Autodesk's asset turnover of this year was 0.68165095. Autodesk's asset turnover of last year was 0.64023092. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+0+1+1+1+1
=8

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Autodesk has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Autodesk (HAM:AUD) has a Piotroski F-Score of 8 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Autodesk and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Autodesk's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Autodesk ranks #37 out of 2743 companies in the Software industry, placing it in the top 1.3%.
Is Autodesk's Piotroski F-Score too high?
Autodesk's current Piotroski F-Score of 8 is 33% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 9.00. The Software industry median Piotroski F-Score is 5.00. Autodesk's value of 8 is 60% above this industry median. Based on the distribution chart, Autodesk ranks #37 out of 2743 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Autodesk has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Autodesk's Piotroski F-Score compare to MSTR and WDAY?
According to the Software industry distribution chart, Autodesk ranks #37 out of 2743 companies for Piotroski F-Score. This places Autodesk in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Autodesk's value of 8 is 60% above this benchmark. Historically, Autodesk's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Autodesk has consistently been above 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 2,743 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. Autodesk's current Piotroski F-Score of 8 is 60% above 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 Autodesk 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. Autodesk's current Piotroski F-Score is 8, which is 33% above median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Autodesk stock overvalued right now?
Based on GuruFocus' analysis, Autodesk (HAM:AUD) is currently considered Significantly Undervalued. The stock's GF Value™ is €300.09, compared to a current price of €167.10 — trading 44.3% below its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Software industry median of 5.00. Autodesk's overall GF Score™ is 86/100. 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 Autodesk (HAM:AUD), the current Piotroski F-Score is 8 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 Autodesk (HAM:AUD) Overvalued in 2026?

Based on GuruFocus' analysis, Autodesk stock appears to be undervalued. The current stock price of €167.10 is trading 44.3% below its estimated GF Value™ of €300.09. GuruFocus considers Autodesk to be Significantly Undervalued.

Key valuation signals for HAM:AUD:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: €300.09 vs. price of €167.10 (44.3% below fair value)
  • GF Score™: 86/100
  • Industry Position: 60% above the Software median (#37 of 2743)

No single metric tells the full story. See the HAM:AUD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Autodesk Business Description

Address One Market Street, Suite 400, San Francisco, CA, USA, 94105
Founded in 1982, Autodesk is a multinational software company best known for pioneering computer-aided design, or CAD, with its AutoCAD product. Nowadays, Autodesk provides design software for a variety of verticals, including architecture & construction, manufacturing, and media & entertainment. Autodesk products have been used in some of the world's most iconic landmarks, like Burj Khalifa, and well-known movie titles like Avatar.
86GF Score

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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€167.10
Price
€300.09
GF Value