VH Global Energy Infrastructure (LSE:ENRG) Piotroski F-Score: 8 (As of Jun. 30, 2026) — 60% Above Median


LSE:ENRG VH Global Energy Infrastructure PLC LSE:ENRG
37 GF Score
Price £0.72
! 7 Warning Signs
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What is VH Global Energy Infrastructure Piotroski F-Score?

VH Global Energy Infrastructure LSE:ENRG -0.55% 37 Piotroski F-Score is 8 as of Jun. 30, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates LSE:ENRG with a GF Score™ of 37/100. The stock has 7 warning signs investors should review. Among 1,594 Asset Management companies, VH Global Energy Infrastructure ranks better than 99.25% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

VH Global Energy Infrastructure has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for VH Global Energy Infrastructure's Piotroski F-Score or its related term are showing as below:

LSE:ENRG' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 5   Max: 8
Current: 8

During the past 5 years, the highest Piotroski F-Score of VH Global Energy Infrastructure was 8. The lowest was 5. And the median was 5.

VH Global Energy Infrastructure  (LSE:ENRG) 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.


VH Global Energy Infrastructure Piotroski F-Score Related Terms


VH Global Energy Infrastructure Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for VH Global Energy Infrastructure'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.

VH Global Energy Infrastructure Piotroski F-Score Chart

VH Global Energy Infrastructure Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A 5.00 5.00 8.00

VH Global Energy Infrastructure Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only 5.00 0.00 5.00 0.00 8.00

LSE:ENRG vs BLK, BX, KKR: Piotroski F-Score Comparison

For the Asset Management subindustry, VH Global Energy Infrastructure'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.


VH Global Energy Infrastructure Piotroski F-Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, VH Global Energy Infrastructure's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where VH Global Energy Infrastructure's Piotroski F-Score falls into.


LSE:ENRG
37GF Score
VH Global Energy Infrastructure PLC LSE:ENRG
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 £13.53 Mil.
Cash Flow from Operations was £19.24 Mil.
Revenue was £16.28 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (409.043 + 405.204) / 2 = £407.1235 Mil.
Total Assets at the begining of this year (Dec24) was £409.04 Mil.
Long-Term Debt & Capital Lease Obligation was £0.00 Mil.
Total Assets was £405.20 Mil.
Total Liabilities was £0.38 Mil.
Net Income was £-37.79 Mil.

Revenue was £-35.61 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (484.113 + 409.043) / 2 = £446.578 Mil.
Total Assets at the begining of last year (Dec23) was £484.11 Mil.
Long-Term Debt & Capital Lease Obligation was £0.00 Mil.
Total Assets was £409.04 Mil.
Total Liabilities was £0.54 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.

VH Global Energy Infrastructure's current Net Income (TTM) was 13.53. ==> 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.

VH Global Energy Infrastructure's current Cash Flow from Operations (TTM) was 19.24. ==> 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)
=13.533/409.043
=0.03308454

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-37.788/484.113
=-0.07805616

VH Global Energy Infrastructure's return on assets of this year was 0.03308454. VH Global Energy Infrastructure's return on assets of last year was -0.07805616. ==> 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.

VH Global Energy Infrastructure's current Net Income (TTM) was 13.53. VH Global Energy Infrastructure's current Cash Flow from Operations (TTM) was 19.24. ==> 19.24 > 13.53 ==> 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
=0/407.1235
=0

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0/446.578
=0

VH Global Energy Infrastructure's gearing of this year was 0. VH Global Energy Infrastructure's gearing of last year was 0. ==> 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

* 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.

Current Ratio (This Year: Dec25)=Total Assets/Total Liabilities
=405.204/0.382
=1060.7434555

Current Ratio (Last Year: Dec24)=Total Assets/Total Liabilities
=409.043/0.536
=763.13992537

VH Global Energy Infrastructure's current ratio of this year was 1060.7434555. VH Global Energy Infrastructure's current ratio of last year was 763.13992537. ==> 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.

VH Global Energy Infrastructure's number of shares in issue this year was 395.803. VH Global Energy Infrastructure's number of shares in issue last year was 395.803. ==> 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.

Net Margin (This Year: TTM)=Net Income/Revenue
=13.533/16.278
=0.83136749

Net Margin (Last Year: TTM)=Net Income/Revenue
=-37.788/-35.612
=1.061103

VH Global Energy Infrastructure's net margin of this year was 0.83136749. VH Global Energy Infrastructure's net margin of last year was 1.061103. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec24)
=16.278/409.043
=0.03979533

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=-35.612/484.113
=-0.07356134

VH Global Energy Infrastructure's asset turnover of this year was 0.03979533. VH Global Energy Infrastructure's asset turnover of last year was -0.07356134. ==> 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+1+1+1+0+1
=8

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

VH Global Energy Infrastructure has an F-score of 8. 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 8 mean?
VH Global Energy Infrastructure (LSE:ENRG) has a Piotroski F-Score of 8 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on VH Global Energy Infrastructure and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, VH Global Energy Infrastructure's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, VH Global Energy Infrastructure ranks #12 out of 1594 companies in the Asset Management industry, placing it in the top 0.8%.
Is VH Global Energy Infrastructure's Piotroski F-Score too high?
VH Global Energy Infrastructure's current Piotroski F-Score of 8 is 60% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Asset Management industry median Piotroski F-Score is 5.00. VH Global Energy Infrastructure's value of 8 is 60% above this industry median. Based on the distribution chart, VH Global Energy Infrastructure ranks #12 out of 1594 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, VH Global Energy Infrastructure has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does VH Global Energy Infrastructure's Piotroski F-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, VH Global Energy Infrastructure ranks #12 out of 1594 companies for Piotroski F-Score. This places VH Global Energy Infrastructure in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. VH Global Energy Infrastructure's value of 8 is 60% above this benchmark. Historically, VH Global Energy Infrastructure'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 5.00 vs. the industry median of 5.00, VH Global Energy Infrastructure 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 an Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,594 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. VH Global Energy Infrastructure's current Piotroski F-Score of 8 is 60% 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 VH Global Energy Infrastructure and its competitors. For the Asset Management 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. VH Global Energy Infrastructure's current Piotroski F-Score is 8, which is 60% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VH Global Energy Infrastructure stock overvalued right now?
VH Global Energy Infrastructure (LSE:ENRG) has a current Piotroski F-Score of 8. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 60% above the Asset Management industry median of 5.00. VH Global Energy Infrastructure's overall GF Score™ is 37/100 with 7 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 VH Global Energy Infrastructure (LSE:ENRG), the current Piotroski F-Score is 8 as of Jun. 30, 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.

VH Global Energy Infrastructure Business Description

Address 20 Fenchurch Street, 5th Floor, London, GBR, EC4M 7WS
VH Global Energy Infrastructure PLC is a closed-ended investment company that provides exposure to a globally and technologically diversified portfolio of sustainable energy infrastructure assets that support the Sustainable Development Goals (SDGs) and are essential for the transition to net zero globally. The company's investment objective is to generate stable returns, principally in the form of income distributions, by originating, structuring, and facilitating the deployment of the capital into a diversified portfolio of sustainable energy infrastructure, predominantly in countries that are members of the EU, OECD, OECD Key Partner countries or OECD Accession countries.
37GF Score

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