IMPJY (WeBuild SpA) Piotroski F-Score: 6 (As of Jun. 26, 2026) — Near Median


IMPJY WeBuild SpA IMPJY
67 GF Score
Price $5.37
GF Value $8.19
Valuation Possible Value Trap
! 4 Warning Signs
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What is WeBuild SpA Piotroski F-Score?

WeBuild SpA IMPJY 67 Piotroski F-Score is 6 as of Jun. 26, 2026, which is at its 10-year median of 6.00. GuruFocus rates IMPJY with a GF Score™ of 67/100 and a GF Value™ of $8.19 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,735 Construction companies, WeBuild SpA ranks better than 74.24% 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

WeBuild SpA 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 WeBuild SpA's Piotroski F-Score or its related term are showing as below:

IMPJY' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of WeBuild SpA was 7. The lowest was 3. And the median was 6.

WeBuild SpA  (OTCPK:IMPJY) 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.


WeBuild SpA Piotroski F-Score Related Terms


WeBuild SpA Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for WeBuild SpA'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.

WeBuild SpA Piotroski F-Score Chart

WeBuild SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 7.00 7.00 7.00 6.00

WeBuild SpA Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 7.00 0.00 6.00

IMPJY vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, WeBuild SpA'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.


WeBuild SpA Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, WeBuild SpA's Piotroski F-Score distribution charts can be found below:

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


IMPJY
67GF Score
WeBuild SpA IMPJY
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was $281 Mil.
Cash Flow from Operations was $361 Mil.
Revenue was $14,796 Mil.
Gross Profit was $7,160 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (19108.984 + 20835.211) / 2 = $19972.0975 Mil.
Total Assets at the begining of this year (Dec24) was $19,109 Mil.
Long-Term Debt & Capital Lease Obligation was $2,756 Mil.
Total Current Assets was $16,314 Mil.
Total Current Liabilities was $15,630 Mil.
Net Income was $204 Mil.

Revenue was $11,547 Mil.
Gross Profit was $5,819 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (17624.666 + 19108.984) / 2 = $18366.825 Mil.
Total Assets at the begining of last year (Dec23) was $17,625 Mil.
Long-Term Debt & Capital Lease Obligation was $2,242 Mil.
Total Current Assets was $15,373 Mil.
Total Current Liabilities was $14,488 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.

WeBuild SpA's current Net Income (TTM) was 281. ==> 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.

WeBuild SpA's current Cash Flow from Operations (TTM) was 361. ==> 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 (Dec24)
=280.851/19108.984
=0.01469733

ROA (Last Year)=Net Income/Total Assets (Dec23)
=203.641/17624.666
=0.01155432

WeBuild SpA's return on assets of this year was 0.01469733. WeBuild SpA's return on assets of last year was 0.01155432. ==> 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.

WeBuild SpA's current Net Income (TTM) was 281. WeBuild SpA's current Cash Flow from Operations (TTM) was 361. ==> 361 > 281 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=2756.412/19972.0975
=0.13801315

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=2242.394/18366.825
=0.12208936

WeBuild SpA's gearing of this year was 0.13801315. WeBuild SpA's gearing of last year was 0.12208936. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=16313.944/15630.262
=1.04374092

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=15372.575/14488.185
=1.06104215

WeBuild SpA's current ratio of this year was 1.04374092. WeBuild SpA's current ratio of last year was 1.06104215. ==> 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.

WeBuild SpA's number of shares in issue this year was 492.066. WeBuild SpA's number of shares in issue last year was 493.268. ==> 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
=7160.413/14796.486
=0.48392659

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5818.932/11546.84
=0.50394151

WeBuild SpA's gross margin of this year was 0.48392659. WeBuild SpA's gross margin of last year was 0.50394151. ==> Last year's gross 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec24)
=14796.486/19108.984
=0.77432092

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=11546.84/17624.666
=0.65515227

WeBuild SpA's asset turnover of this year was 0.77432092. WeBuild SpA's asset turnover of last year was 0.65515227. ==> 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+0+1+0+1
=6

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

WeBuild SpA 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?
WeBuild SpA (IMPJY) has a Piotroski F-Score of 6 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on WeBuild SpA and its competitors. This is near median its historical median of 6.00. Over the past decade, WeBuild SpA's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, WeBuild SpA ranks #447 out of 1735 companies in the Construction industry, placing it in the top 25.8%.
Is WeBuild SpA's Piotroski F-Score too high?
WeBuild SpA's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Construction industry median Piotroski F-Score is 5.00. WeBuild SpA's value of 6 is 20% above this industry median. Based on the distribution chart, WeBuild SpA ranks #447 out of 1735 companies in the Construction industry, which is above the industry midpoint. Overall, WeBuild SpA has a GF Score™ of 67/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does WeBuild SpA's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, WeBuild SpA ranks #447 out of 1735 companies for Piotroski F-Score. This puts WeBuild SpA in the upper half of its industry. The industry median Piotroski F-Score is 5.00. WeBuild SpA's value of 6 is 20% above this benchmark. Historically, WeBuild SpA's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, WeBuild SpA 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,735 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. WeBuild SpA'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 WeBuild SpA and its competitors. For the Construction 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. WeBuild SpA's current Piotroski F-Score is 6, which is near 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 WeBuild SpA stock overvalued right now?
Based on GuruFocus' analysis, WeBuild SpA (IMPJY) is currently considered Possible Value Trap. The stock's GF Value™ is $8.19, compared to a current price of $5.37 — trading 34.4% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Construction industry median of 5.00. WeBuild SpA's overall GF Score™ is 67/100 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 WeBuild SpA (IMPJY), the current Piotroski F-Score is 6 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 WeBuild SpA (IMPJY) Overvalued in 2026?

Based on GuruFocus' analysis, WeBuild SpA stock appears to be undervalued. The current stock price of $5.37 is trading 34.4% below its estimated GF Value™ of $8.19. GuruFocus considers WeBuild SpA to be Possible Value Trap.

Key valuation signals for IMPJY:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: $8.19 vs. price of $5.37 (34.4% below fair value)
  • GF Score™: 67/100 with 4 warning signs
  • Industry Position: 20% above the Construction median (#447 of 1735)

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


WeBuild SpA Business Description

Address Milanofiori Strada 6 - Palazzo L, Milanofiori Business Center, Milan, ITA, 20089
WeBuild SpA is a construction company specializing in building large works and complex infrastructure for sustainable mobility, hydroelectric energy, water, green buildings, and the tunneling sectors.
67GF Score

Get the complete analysis for IMPJY

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

$5.37
Price
$8.19
GF Value