Wurmtal Beteiligungen AG (HAM:B9V) Piotroski F-Score: 6 (As of Jul. 15, 2026) — 50% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HAM:B9V Wurmtal Beteiligungen AG HAM:B9V
26 GF Score
Price €5.40
View Full Analysis

What is Wurmtal Beteiligungen AG Piotroski F-Score?

Wurmtal Beteiligungen AG HAM:B9V +0.93% 26 Piotroski F-Score is 6 as of Jul. 15, 2026, which is 50% above its 10-year median of 4.00. GuruFocus rates HAM:B9V with a GF Score™ of 26/100. Among 1,593 Asset Management companies, Wurmtal Beteiligungen AG ranks better than 82.3% 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

Wurmtal Beteiligungen AG has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

HAM:B9V' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 6
Current: 6

During the past 6 years, the highest Piotroski F-Score of Wurmtal Beteiligungen AG was 6. The lowest was 3. And the median was 4.

Wurmtal Beteiligungen AG  (HAM:B9V) 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.


Wurmtal Beteiligungen AG Piotroski F-Score Related Terms


Wurmtal Beteiligungen AG Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Wurmtal Beteiligungen AG'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.

Wurmtal Beteiligungen AG Piotroski F-Score Chart

Wurmtal Beteiligungen AG Annual Data
Trend Apr20 Apr21 Apr22 Apr23 Apr24 Apr25
Piotroski F-Score
Get a 7-Day Free Trial N/A 3.00 5.00 3.00 6.00

Wurmtal Beteiligungen AG Semi-Annual Data
Apr20 Apr21 Apr22 Apr23 Apr24 Apr25
Piotroski F-Score Get a 7-Day Free Trial N/A 3.00 5.00 3.00 6.00

HAM:B9V vs BLK, BX, KKR: Piotroski F-Score Comparison

For the Asset Management subindustry, Wurmtal Beteiligungen AG'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.


Wurmtal Beteiligungen AG Piotroski F-Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Wurmtal Beteiligungen AG's Piotroski F-Score distribution charts can be found below:

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


HAM:B9V
26GF Score
Wurmtal Beteiligungen AG HAM:B9V
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 (Apr25) TTM:Last Year (Apr24) TTM:
Net Income was €0.72 Mil.
Cash Flow from Operations was €0.00 Mil.
Revenue was €0.02 Mil.
Gross Profit was €0.02 Mil.
Average Total Assets from the begining of this year (Apr24)
to the end of this year (Apr25) was (3.763 + 3.573) / 2 = €3.668 Mil.
Total Assets at the begining of this year (Apr24) was €3.76 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 Mil.
Total Current Assets was €1.16 Mil.
Total Current Liabilities was €0.00 Mil.
Net Income was €0.59 Mil.

Revenue was €0.00 Mil.
Gross Profit was €0.00 Mil.
Average Total Assets from the begining of last year (Apr23)
to the end of last year (Apr24) was (3.229 + 3.763) / 2 = €3.496 Mil.
Total Assets at the begining of last year (Apr23) was €3.23 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 Mil.
Total Current Assets was €0.05 Mil.
Total Current Liabilities was €0.00 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.

Wurmtal Beteiligungen AG's current Net Income (TTM) was 0.72. ==> 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.

Wurmtal Beteiligungen AG's current Cash Flow from Operations (TTM) was 0.00. ==> 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.

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

ROA (This Year)=Net Income/Total Assets (Apr24)
=0.717/3.763
=0.19053946

ROA (Last Year)=Net Income/Total Assets (Apr23)
=0.588/3.229
=0.18209972

Wurmtal Beteiligungen AG's return on assets of this year was 0.19053946. Wurmtal Beteiligungen AG's return on assets of last year was 0.18209972. ==> 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.

Wurmtal Beteiligungen AG's current Net Income (TTM) was 0.72. Wurmtal Beteiligungen AG's current Cash Flow from Operations (TTM) was 0.00. ==> 0.00 <= 0.72 ==> CFROA <= ROA ==> Score 0.

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: Apr25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr24 to Apr25
=0/3.668
=0

Gearing (Last Year: Apr24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr23 to Apr24
=0/3.496
=0

Wurmtal Beteiligungen AG's gearing of this year was 0. Wurmtal Beteiligungen AG'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

Current Ratio (This Year: Apr25)=Total Current Assets/Total Current Liabilities
=1.156/0
=

Current Ratio (Last Year: Apr24)=Total Current Assets/Total Current Liabilities
=0.053/0
=

Wurmtal Beteiligungen AG's current ratio of this year was . Wurmtal Beteiligungen AG's current ratio of last year was . ==> 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.

Wurmtal Beteiligungen AG's number of shares in issue this year was 1.475. Wurmtal Beteiligungen AG's number of shares in issue last year was 1.475. ==> 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
=0.024/0.024
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0/0
=

Wurmtal Beteiligungen AG's gross margin of this year was 1. Wurmtal Beteiligungen AG'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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Apr24)
=0.024/3.763
=0.00637789

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Apr23)
=0/3.229
=0

Wurmtal Beteiligungen AG's asset turnover of this year was 0.00637789. Wurmtal Beteiligungen AG's asset turnover of last year was 0. ==> 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+0+1+0+1+0+1+1+1
=6

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

Wurmtal Beteiligungen AG has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 6 mean?
Wurmtal Beteiligungen AG (HAM:B9V) has a Piotroski F-Score of 6 as of Jul. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Wurmtal Beteiligungen AG and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, Wurmtal Beteiligungen AG's Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, Wurmtal Beteiligungen AG ranks #282 out of 1593 companies in the Asset Management industry, placing it in the top 17.7%.
Is Wurmtal Beteiligungen AG's Piotroski F-Score too high?
Wurmtal Beteiligungen AG's current Piotroski F-Score of 6 is 50% above 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 Asset Management industry median Piotroski F-Score is 5.00. Wurmtal Beteiligungen AG's value of 6 is 20% above this industry median. Based on the distribution chart, Wurmtal Beteiligungen AG ranks #282 out of 1593 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Wurmtal Beteiligungen AG has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Wurmtal Beteiligungen AG's Piotroski F-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Wurmtal Beteiligungen AG ranks #282 out of 1593 companies for Piotroski F-Score. This places Wurmtal Beteiligungen AG in the top 18% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Wurmtal Beteiligungen AG's value of 6 is 20% above this benchmark. Historically, Wurmtal Beteiligungen AG'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, Wurmtal Beteiligungen AG 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 an Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,593 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. Wurmtal Beteiligungen AG's current Piotroski F-Score of 6 is 20% 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 Wurmtal Beteiligungen AG and its competitors. For the Asset Management 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. Wurmtal Beteiligungen AG's current Piotroski F-Score is 6, which is 50% above 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 Wurmtal Beteiligungen AG stock overvalued right now?
Wurmtal Beteiligungen AG (HAM:B9V) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 20% above the Asset Management industry median of 5.00. Wurmtal Beteiligungen AG's overall GF Score™ is 26/100. 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 Wurmtal Beteiligungen AG (HAM:B9V), the current Piotroski F-Score is 6 as of Jul. 15, 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.

Wurmtal Beteiligungen AG Business Description

Address Carlstraße 50, Ubach-Palenberg, NW, DEU, D-52531
Wurmtal Beteiligungen AG invests exclusively in established companies.
26GF Score

Get the complete analysis for HAM:B9V

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

€5.40
Price