High Wire NetworksHWNI 39 Piotroski F-Score is 4 as of Jun. 28, 2026, which is 33% above its 10-year median of 3.00. GuruFocus rates HWNI with a GF Score™ of 39/100 and a GF Value™ of $5.47 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,744 Software companies, High Wire Networks ranks worse than 60.09% 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
High Wire Networks 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 High Wire Networks's Piotroski F-Score or its related term are showing as below:
HWNI'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 3 Max: 5
Current: 4
During the past 5 years, the highest Piotroski F-Score of High Wire Networks was 5. The lowest was 1. And the median was 3.
High Wire Networks (OTCPK:HWNI) 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.
High Wire Networks Piotroski F-Score Related Terms
High Wire Networks Piotroski F-Score Historical Data
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The historical data trend for High Wire Networks'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.
HWNI vs CYCU, GLE, DTST: Piotroski F-Score Comparison
For the Information Technology Services subindustry, High Wire Networks'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.
High Wire Networks Piotroski F-Score vs Software Industry
For the Software industry and Technology sector, High Wire Networks's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where High Wire Networks'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.
High Wire Networks's current Net Income (TTM) was -7.74.
==> 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.
High Wire Networks's return on assets of this year was -0.98623151. High Wire Networks's return on assets of last year was -0.30709541.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
High Wire Networks's gearing of this year was 0. High Wire Networks's gearing of last year was 0.03260141.
==> 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
High Wire Networks's current ratio of this year was 0.00202648. High Wire Networks's current ratio of last year was 0.26767108.
==> 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.
High Wire Networks's number of shares in issue this year was 1.12. High Wire Networks's number of shares in issue last year was 0.964.
==> 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.
High Wire Networks's gross margin of this year was -0.14757554. High Wire Networks's gross margin of last year was -0.48968389.
==> 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
High Wire Networks's asset turnover of this year was 1.6327129. High Wire Networks's asset turnover of last year was 0.32795332.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
High Wire Networks has an F-score of 4 indicating the company's financial situation is typical for a stable company.
High Wire Networks (HWNI) has a Piotroski F-Score of 4 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on High Wire Networks and its competitors. This is 33% above median its historical median of 3.00. Over the past decade, High Wire Networks' Piotroski F-Score has ranged from 1.00 to 5.00. According to the industry distribution chart, High Wire Networks ranks #1649 out of 2744 companies in the Software industry, placing it in the top 60.1%.
Is High Wire Networks' Piotroski F-Score too high?
High Wire Networks' current Piotroski F-Score of 4 is 33% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 5.00. The Software industry median Piotroski F-Score is 5.00. High Wire Networks' value of 4 is 20% below this industry median. Based on the distribution chart, High Wire Networks ranks #1649 out of 2744 companies in the Software industry, which is below the industry midpoint. Overall, High Wire Networks has a GF Score™ of 39/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does High Wire Networks' Piotroski F-Score compare to CYCU and GLE?
According to the Software industry distribution chart, High Wire Networks ranks #1649 out of 2744 companies for Piotroski F-Score. This places High Wire Networks in the lower half of its industry. The industry median Piotroski F-Score is 5.00. High Wire Networks' value of 4 is 20% below this benchmark. Historically, High Wire Networks' own Piotroski F-Score has ranged from 1.00 to 5.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, High Wire Networks 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,744 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. High Wire Networks's current Piotroski F-Score of 4 is 20% 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 High Wire Networks 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. High Wire Networks's current Piotroski F-Score is 4, which is 33% above median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is High Wire Networks stock overvalued right now?
Based on GuruFocus' analysis, High Wire Networks (HWNI) is currently considered Possible Value Trap. The stock's GF Value™ is $5.47, compared to a current price of $0.39 — trading 92.9% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% above median its 10-year median of 3.00 and 20% below the Software industry median of 5.00. High Wire Networks' overall GF Score™ is 39/100 with 4 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 High Wire Networks (HWNI), the current Piotroski F-Score is 4 as of Jun. 28, 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 High Wire Networks (HWNI) Overvalued in 2026?
Based on GuruFocus' analysis, High Wire Networks stock appears to be undervalued.
The current stock price of $0.39 is trading 92.9% below its estimated GF Value™ of $5.47.
GuruFocus considers High Wire Networks to be Possible Value Trap.
Key valuation signals for HWNI:
Piotroski F-Score: 4 (33% above median its 10-year median of 3.00)
GF Value™: $5.47 vs. price of $0.39 (92.9% below fair value)
Industry Position: 20% below the Software median (#1649 of 2744)
No single metric tells the full story. See the HWNI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
High Wire Networks Inc provider of managed cybersecurity, managed networks, and tech-enabled professional services delivered exclusively through a channel sales model. Its Overwatch managed security platform-as-a-service offers organizations end-to-end protection for networks, data, endpoints, and users through multiyear recurring revenue contracts in this fast-growing technology segment. The company generates its key revenue from Cyber security segment and operates all reporting segments in one geographical area (the United States).
39GF Score
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