HORNBACH Baumarkt AG (HAM:HBM) Piotroski F-Score: 7 (As of Jun. 29, 2026) — Near Median


HAM:HBM HORNBACH Baumarkt AG HAM:HBM
72 GF Score
Price €63.50
GF Value €58.59
Valuation Fairly Valued
! 3 Warning Signs
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What is HORNBACH Baumarkt AG Piotroski F-Score?

HORNBACH Baumarkt AG HAM:HBM -0.78% 72 Piotroski F-Score is 7 as of Jun. 29, 2026, which is at its 10-year median of 7.00. GuruFocus rates HAM:HBM with a GF Score™ of 72/100 and a GF Value™ of €58.59 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,096 Retail - Cyclical companies, HORNBACH Baumarkt AG ranks better than 91.06% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

HORNBACH Baumarkt AG has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

HAM:HBM' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of HORNBACH Baumarkt AG was 8. The lowest was 5. And the median was 7.

HORNBACH Baumarkt AG  (HAM:HBM) 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.


HORNBACH Baumarkt AG Piotroski F-Score Related Terms


HORNBACH Baumarkt AG Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for HORNBACH Baumarkt 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.

HORNBACH Baumarkt AG Piotroski F-Score Chart

HORNBACH Baumarkt AG Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 5.00 7.00 8.00 7.00

HORNBACH Baumarkt AG Semi-Annual Data
Feb07 Feb08 Feb09 Feb10 Feb11 Feb12 Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
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 7.00 5.00 7.00 8.00 7.00

HAM:HBM vs HD, LOW, FND: Piotroski F-Score Comparison

For the Home Improvement Retail subindustry, HORNBACH Baumarkt 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.


HORNBACH Baumarkt AG Piotroski F-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, HORNBACH Baumarkt AG's Piotroski F-Score distribution charts can be found below:

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


HAM:HBM
72GF Score
HORNBACH Baumarkt AG HAM:HBM
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 (Feb26) TTM:Last Year (Feb25) TTM:
Net Income was €109 Mil.
Cash Flow from Operations was €380 Mil.
Revenue was €6,082 Mil.
Gross Profit was €2,159 Mil.
Average Total Assets from the begining of this year (Feb25)
to the end of this year (Feb26) was (4394.077 + 4596.751) / 2 = €4495.414 Mil.
Total Assets at the begining of this year (Feb25) was €4,394 Mil.
Long-Term Debt & Capital Lease Obligation was €1,409 Mil.
Total Current Assets was €1,678 Mil.
Total Current Liabilities was €1,306 Mil.
Net Income was €115 Mil.

Revenue was €5,847 Mil.
Gross Profit was €2,069 Mil.
Average Total Assets from the begining of last year (Feb24)
to the end of last year (Feb25) was (4255.873 + 4394.077) / 2 = €4324.975 Mil.
Total Assets at the begining of last year (Feb24) was €4,256 Mil.
Long-Term Debt & Capital Lease Obligation was €1,550 Mil.
Total Current Assets was €1,667 Mil.
Total Current Liabilities was €1,108 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.

HORNBACH Baumarkt AG's current Net Income (TTM) was 109. ==> 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.

HORNBACH Baumarkt AG's current Cash Flow from Operations (TTM) was 380. ==> 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 (Feb25)
=108.821/4394.077
=0.02476538

ROA (Last Year)=Net Income/Total Assets (Feb24)
=115.342/4255.873
=0.02710184

HORNBACH Baumarkt AG's return on assets of this year was 0.02476538. HORNBACH Baumarkt AG's return on assets of last year was 0.02710184. ==> Last year is higher ==> Score 0.

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.

HORNBACH Baumarkt AG's current Net Income (TTM) was 109. HORNBACH Baumarkt AG's current Cash Flow from Operations (TTM) was 380. ==> 380 > 109 ==> 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: Feb26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb25 to Feb26
=1408.963/4495.414
=0.3134223

Gearing (Last Year: Feb25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb24 to Feb25
=1549.618/4324.975
=0.35829525

HORNBACH Baumarkt AG's gearing of this year was 0.3134223. HORNBACH Baumarkt AG's gearing of last year was 0.35829525. ==> 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: Feb26)=Total Current Assets/Total Current Liabilities
=1677.85/1306.35
=1.28438014

Current Ratio (Last Year: Feb25)=Total Current Assets/Total Current Liabilities
=1666.76/1107.509
=1.50496294

HORNBACH Baumarkt AG's current ratio of this year was 1.28438014. HORNBACH Baumarkt AG's current ratio of last year was 1.50496294. ==> 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.

HORNBACH Baumarkt AG's number of shares in issue this year was 31.807. HORNBACH Baumarkt AG's number of shares in issue last year was 31.807. ==> 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
=2159.387/6081.689
=0.3550637

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2068.636/5847.008
=0.35379394

HORNBACH Baumarkt AG's gross margin of this year was 0.3550637. HORNBACH Baumarkt AG's gross margin of last year was 0.35379394. ==> 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 (Feb25)
=6081.689/4394.077
=1.38406519

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Feb24)
=5847.008/4255.873
=1.37386806

HORNBACH Baumarkt AG's asset turnover of this year was 1.38406519. HORNBACH Baumarkt AG's asset turnover of last year was 1.37386806. ==> 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+0+1+1+0+1+1+1
=7

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

HORNBACH Baumarkt AG has an F-score of 7. 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 7 mean?
HORNBACH Baumarkt AG (HAM:HBM) has a Piotroski F-Score of 7 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on HORNBACH Baumarkt AG and its competitors. This is near median its historical median of 7.00. Over the past decade, HORNBACH Baumarkt AG's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, HORNBACH Baumarkt AG ranks #98 out of 1096 companies in the Retail - Cyclical industry, placing it in the top 8.9%.
Is HORNBACH Baumarkt AG's Piotroski F-Score too high?
HORNBACH Baumarkt AG's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Retail - Cyclical industry median Piotroski F-Score is 5.00. HORNBACH Baumarkt AG's value of 7 is 40% above this industry median. Based on the distribution chart, HORNBACH Baumarkt AG ranks #98 out of 1096 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, HORNBACH Baumarkt AG has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does HORNBACH Baumarkt AG's Piotroski F-Score compare to HD and LOW?
According to the Retail - Cyclical industry distribution chart, HORNBACH Baumarkt AG ranks #98 out of 1096 companies for Piotroski F-Score. This places HORNBACH Baumarkt AG in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. HORNBACH Baumarkt AG's value of 7 is 40% above this benchmark. Historically, HORNBACH Baumarkt AG's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, HORNBACH Baumarkt 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 a Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 5.00, based on 1,096 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. HORNBACH Baumarkt AG's current Piotroski F-Score of 7 is 40% 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 HORNBACH Baumarkt AG and its competitors. For the Retail - Cyclical 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. HORNBACH Baumarkt AG's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HORNBACH Baumarkt AG stock overvalued right now?
Based on GuruFocus' analysis, HORNBACH Baumarkt AG (HAM:HBM) is currently considered Fairly Valued. The stock's GF Value™ is €58.59, compared to a current price of €63.50 — trading 8.4% above its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Retail - Cyclical industry median of 5.00. HORNBACH Baumarkt AG's overall GF Score™ is 72/100 with 3 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 HORNBACH Baumarkt AG (HAM:HBM), the current Piotroski F-Score is 7 as of Jun. 29, 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 HORNBACH Baumarkt AG (HAM:HBM) Overvalued in 2026?

Based on GuruFocus' analysis, HORNBACH Baumarkt AG stock appears to be overvalued. The current stock price of €63.50 is trading 8.4% above its estimated GF Value™ of €58.59. GuruFocus considers HORNBACH Baumarkt AG to be Fairly Valued.

Key valuation signals for HAM:HBM:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: €58.59 vs. price of €63.50 (8.4% above fair value)
  • GF Score™: 72/100 with 3 warning signs
  • Industry Position: 40% above the Retail - Cyclical median (#98 of 1096)

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


HORNBACH Baumarkt AG Business Description

Other Exchanges 0ENN:UK
Address Hornbachstrasse, Pfalz, Bornheim bei Landau, RP, DEU, 76878
HORNBACH Baumarkt AG is a German company that operates megastores and offers do-it-yourself (DIY), home improvement, and gardening products. The company also operates in other European countries, including Austria, the Netherlands, the Czech Republic, Switzerland, and Romania. The company conducts its activities through its Retail and Real estate segments. The Retail segment operates DIY megastores and garden centers, while the Real estate segment focuses on retail properties. The stores' product range includes hardware/electrical, paint/wallpaper/flooring, construction materials, sanitary tiles, and garden products. The majority of the company's sales are derived from its retail segment.
72GF Score

Get the complete analysis for HAM:HBM

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

€63.50
Price
€58.59
GF Value