Iveco Group NVIVCGF 74 Piotroski F-Score is 5 as of Jun. 25, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates IVCGF with a GF Score™ of 74/100 and a GF Value™ of $12.06 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 207 Farm & Heavy Construction Machinery companies, Iveco Group NV ranks better than 59.9% 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
Iveco Group NV 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 Iveco Group NV's Piotroski F-Score or its related term are showing as below:
IVCGF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 8
Current: 5
During the past 8 years, the highest Piotroski F-Score of Iveco Group NV was 8. The lowest was 4. And the median was 6.
Iveco Group NV (OTCPK:IVCGF) 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.
Iveco Group NV Piotroski F-Score Related Terms
Iveco Group NV Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Iveco Group NV'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.
IVCGF vs CAT, DE, PCAR: Piotroski F-Score Comparison
For the Farm & Heavy Construction Machinery subindustry, Iveco Group NV'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.
Iveco Group NV Piotroski F-Score vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Iveco Group NV's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Iveco Group NV'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.
This Year (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 121.107 + 35.211 + 135.831 + 1351.445 = $1,644 Mil. Cash Flow from Operations was 178.777 + 86.854 + 1225.995 + -280.925 = $1,211 Mil. Revenue was 4361.015 + 3656.103 + 4683.841 + 3269.364 = $15,970 Mil. Gross Profit was 717.416 + 568.075 + 706.089 + 334.104 = $2,326 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(19765.405 + 21417.532 + 20877.934 + 22087.822 + 20864.74) / 5 = $21002.6866 Mil. Total Assets at the begining of this year (Mar25) was $19,765 Mil. Long-Term Debt & Capital Lease Obligation was $5,628 Mil. Total Current Assets was $13,701 Mil. Total Current Liabilities was $8,355 Mil.
Net Income was 164.693 + 98.779 + 94.241 + 41.081 = $399 Mil.
Revenue was 4218.515 + 3584.906 + 4448.168 + 3033.514 = $15,285 Mil. Gross Profit was 772.874 + 622.642 + 654.45 + 500.541 = $2,551 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(19982.609 + 19709.365 + 20007.769 + 20352.88 + 19765.405) / 5 = $19963.6056 Mil. Total Assets at the begining of last year (Mar24) was $19,983 Mil. Long-Term Debt & Capital Lease Obligation was $3,076 Mil. Total Current Assets was $12,984 Mil. Total Current Liabilities was $9,838 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.
Iveco Group NV's current Net Income (TTM) was 1,644.
==> 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.
Iveco Group NV's return on assets of this year was 0.08315509. Iveco Group NV's return on assets of last year was 0.01995705.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Iveco Group NV's gearing of this year was 0.26795362. Iveco Group NV's gearing of last year was 0.15406415.
==> 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
Iveco Group NV's current ratio of this year was 1.63982294. Iveco Group NV's current ratio of last year was 1.31978022.
==> This year's current ratio is higher. ==> Score 1.
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.
Iveco Group NV's number of shares in issue this year was 268. Iveco Group NV's number of shares in issue last year was 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.
Iveco Group NV's gross margin of this year was 0.14562536. Iveco Group NV's gross margin of last year was 0.16686227.
==> 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
Iveco Group NV's asset turnover of this year was 0.80799371. Iveco Group NV's asset turnover of last year was 0.76492029.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Iveco Group NV has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Iveco Group NV (IVCGF) has a Piotroski F-Score of 5 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Iveco Group NV and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Iveco Group NV's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Iveco Group NV ranks #83 out of 207 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 40.1%.
Is Iveco Group NV's Piotroski F-Score too high?
Iveco Group NV'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 4.00 to a high of 8.00. The Farm & Heavy Construction Machinery industry median Piotroski F-Score is 5.00. Iveco Group NV's value of 5 is 0% at this industry median. Based on the distribution chart, Iveco Group NV ranks #83 out of 207 companies in the Farm & Heavy Construction Machinery industry, which is above the industry midpoint. Overall, Iveco Group NV has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Iveco Group NV's Piotroski F-Score compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Iveco Group NV ranks #83 out of 207 companies for Piotroski F-Score. This puts Iveco Group NV in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Iveco Group NV's value of 5 is 0% at this benchmark. Historically, Iveco Group NV's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Iveco Group NV has consistently been at 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 Farm & Heavy Construction Machinery company?
The median Piotroski F-Score among Farm & Heavy Construction Machinery companies is 5.00, based on 207 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. Iveco Group NV's current Piotroski F-Score of 5 is 0% at 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 Iveco Group NV and its competitors. For the Farm & Heavy Construction Machinery 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. Iveco Group NV'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 Iveco Group NV stock overvalued right now?
Based on GuruFocus' analysis, Iveco Group NV (IVCGF) is currently considered Significantly Overvalued. The stock's GF Value™ is $12.06, compared to a current price of $15.78 — trading 30.8% 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 0% at the Farm & Heavy Construction Machinery industry median of 5.00. Iveco Group NV's overall GF Score™ is 74/100 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 Iveco Group NV (IVCGF), the current Piotroski F-Score is 5 as of Jun. 25, 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 Iveco Group NV (IVCGF) Overvalued in 2026?
Based on GuruFocus' analysis, Iveco Group NV stock appears to be overvalued.
The current stock price of $15.78 is trading 30.8% above its estimated GF Value™ of $12.06.
GuruFocus considers Iveco Group NV to be Significantly Overvalued.
Key valuation signals for IVCGF:
Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
GF Value™: $12.06 vs. price of $15.78 (30.8% above fair value)
Industry Position: 0% at the Farm & Heavy Construction Machinery median (#83 of 207)
No single metric tells the full story. See the IVCGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Iveco Group NV is engaged in the design, production, marketing, sale, servicing, and financing of trucks, commercial vehicles, buses, and specialty vehicles for firefighting, defense, and other uses, as well as combustion engines, alternative propulsion systems, transmissions, and axles. The group has four operating segments: Truck, Bus, Powertrain, and Financial Services. The majority of revenue is generated from the Truck segment which designs, manufactures, and distributes a full range of light, medium, and heavy vehicles for the transportation and distribution of goods under the IVECO brand. Geographically, the majority of revenue is generated from Europe.
74GF Score
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