Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Raiffeisen Bank International AG 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 Raiffeisen Bank International AG's Piotroski F-Score or its related term are showing as below:
HAM:RAW'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 6 Max: 9
Current: 5
During the past 13 years, the highest Piotroski F-Score of Raiffeisen Bank International AG was 9. The lowest was 2. And the median was 6.
Raiffeisen Bank International AG (HAM:RAW) 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.
Raiffeisen Bank International AG Piotroski F-Score Related Terms
Raiffeisen Bank International AG 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.
Raiffeisen Bank International AG Piotroski F-Score Chart
For the Banks - Regional subindustry, Raiffeisen Bank International 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.
Raiffeisen Bank International AG Piotroski F-Score vs Banks Industry
For the Banks industry and Financial Services sector, Raiffeisen Bank International AG's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Raiffeisen Bank International AG'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.
Net Income was 661 + 758 + -926 + 705 = €1,198 Mil.
Revenue was 2157 + 2160 + 385 + 2257 = €6,959 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(203398 + 209963 + 205981 + 199851 + 204794) / 5 = €204797.4 Mil. Total Assets at the begining of last year (Mar24) was €203,398 Mil. Long-Term Debt & Capital Lease Obligation was €20,780 Mil. Total Assets was €204,794 Mil. Total Liabilities was €182,952 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.
Raiffeisen Bank International AG's current Net Income (TTM) was 1,136.
==> 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.
Raiffeisen Bank International AG's current Cash Flow from Operations (TTM) was 3,157.
==> 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.
Raiffeisen Bank International AG's return on assets of this year was 0.00554704. Raiffeisen Bank International AG's return on assets of last year was 0.00588993.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Raiffeisen Bank International AG's gearing of this year was 0.10283107. Raiffeisen Bank International AG's gearing of last year was 0.10146613.
==> 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
* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.
Raiffeisen Bank International AG's current ratio of this year was 1.1183668. Raiffeisen Bank International AG's current ratio of last year was 1.11938651.
==> 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.
Raiffeisen Bank International AG's number of shares in issue this year was 328. Raiffeisen Bank International AG's number of shares in issue last year was 328.
==> 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.
* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.
Raiffeisen Bank International AG's net margin of this year was 0.16027088. Raiffeisen Bank International AG's net margin of last year was 0.17215117.
==> Last year's net margin is higher ==> Score 0.
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
Raiffeisen Bank International AG's asset turnover of this year was 0.03461039. Raiffeisen Bank International AG's asset turnover of last year was 0.03421371.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
=
Que. 1
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Que. 2
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Que. 3
+
Que. 4
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Que. 5
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Que. 6
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Raiffeisen Bank International AG has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Raiffeisen Bank International AG (HAM:RAW) has a Piotroski F-Score of 5 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Raiffeisen Bank International AG and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Raiffeisen Bank International AG's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Raiffeisen Bank International AG ranks #859 out of 1498 companies in the Banks industry, placing it in the top 57.3%.
Is Raiffeisen Bank International AG's Piotroski F-Score too high?
Raiffeisen Bank International AG's current Piotroski F-Score of 5 is 17% below 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 Banks industry median Piotroski F-Score is 6.00. Raiffeisen Bank International AG's value of 5 is 16.7% below this industry median. Based on the distribution chart, Raiffeisen Bank International AG ranks #859 out of 1498 companies in the Banks industry, which is below the industry midpoint. Overall, Raiffeisen Bank International AG has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Raiffeisen Bank International AG's Piotroski F-Score compare to PNC?
According to the Banks industry distribution chart, Raiffeisen Bank International AG ranks #859 out of 1498 companies for Piotroski F-Score. This places Raiffeisen Bank International AG in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Raiffeisen Bank International AG's value of 5 is 16.7% below this benchmark. Historically, Raiffeisen Bank International AG'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 6.00, Raiffeisen Bank International AG 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 Banks company?
The median Piotroski F-Score among Banks companies is 6.00, based on 1,498 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. Raiffeisen Bank International AG's current Piotroski F-Score of 5 is 16.7% 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 Raiffeisen Bank International AG and its competitors. For the Banks 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. Raiffeisen Bank International AG's current Piotroski F-Score is 5, which is 17% below 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 Raiffeisen Bank International AG stock overvalued right now?
Based on GuruFocus' analysis, Raiffeisen Bank International AG (HAM:RAW) is currently considered Significantly Overvalued. The stock's GF Value™ is €16.70, compared to a current price of €55.30 — trading 231.1% above its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 16.7% below the Banks industry median of 6.00. Raiffeisen Bank International AG's overall GF Score™ is 51/100 with 6 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 Raiffeisen Bank International AG (HAM:RAW), the current Piotroski F-Score is 5 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 Raiffeisen Bank International AG (HAM:RAW) Overvalued in 2026?
Based on GuruFocus' analysis, Raiffeisen Bank International AG stock appears to be overvalued.
The current stock price of €55.30 is trading 231.1% above its estimated GF Value™ of €16.70.
GuruFocus considers Raiffeisen Bank International AG to be Significantly Overvalued.
Key valuation signals for HAM:RAW:
Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
GF Value™: €16.70 vs. price of €55.30 (231.1% above fair value)
Industry Position: 16.7% below the Banks median (#859 of 1498)
No single metric tells the full story. See the HAM:RAW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Raiffeisen Bank International AG Business Description
Raiffeisen Bank International AG is a corporate and investment bank with Central and Eastern Europe (CEE) as its home market. The group also includes financial service providers in leasing, asset management, factoring, and M&A. Its segments are as follows: The Central Europe segment covers the Czech Republic, Hungary, Poland, and Slovakia, offering corporate and retail banking, leasing, asset management, and building society services. Southeastern Europe includes Albania, Bosnia and Herzegovina, Romania, and Serbia, providing banking, leasing, asset management, and pension fund services. Eastern Europe comprises Russia, where RBI serves corporate and private customers and leasing. Ukraine is served through a bank offering full financial services via digital channels and branches.
51GF Score
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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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