Commerzbank AGMEX:CBKN 58 Piotroski F-Score is 2 as of Jun. 24, 2026, which is 67% below its 10-year median of 6.00. GuruFocus rates MEX:CBKN with a GF Score™ of 58/100 and a GF Value™ of MXN90.45. The stock has 6 warning signs investors should review. Among 1,498 Banks companies, Commerzbank AG ranks worse than 95.73% on this metric.
Warning Sign:
Piotroski F-Score of 2 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Commerzbank AG has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Commerzbank AG's Piotroski F-Score or its related term are showing as below:
MEX:CBKN'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 6 Max: 8
Current: 2
During the past 13 years, the highest Piotroski F-Score of Commerzbank AG was 8. The lowest was 2. And the median was 6.
Commerzbank AG (MEX:CBKN) 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.
Commerzbank AG Piotroski F-Score Related Terms
Commerzbank AG Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Commerzbank AG'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.
For the Banks - Regional subindustry, Commerzbank 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.
Commerzbank AG Piotroski F-Score vs Banks Industry
For the Banks industry and Financial Services sector, Commerzbank AG's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Commerzbank 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.
*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.
Commerzbank AG's current Net Income (TTM) was 55,345.
==> 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.
Commerzbank AG's return on assets of this year was 0.00456924. Commerzbank AG's return on assets of last year was 0.00610687.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Commerzbank AG's gearing of this year was 0.12458166. Commerzbank AG's gearing of last year was 0.11054528.
==> 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.
Commerzbank AG's current ratio of this year was 1.06375016. Commerzbank AG's current ratio of last year was 1.0688283.
==> 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.
Commerzbank AG's number of shares in issue this year was 1125.85. Commerzbank AG's number of shares in issue last year was 1187.512.
==> 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.
Commerzbank AG's net margin of this year was 0.20295345. Commerzbank AG's net margin of last year was 0.21655072.
==> 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
Commerzbank AG's asset turnover of this year was 0.02251374. Commerzbank AG's asset turnover of last year was 0.02820064.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
=
Que. 1
+
Que. 2
+
Que. 3
+
Que. 4
+
Que. 5
+
Que. 6
+
Que. 7
+
Que. 8
+
Que. 9
=
1
+
0
+
0
+
0
+
0
+
0
+
1
+
0
+
0
=
2
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Commerzbank AG has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
Commerzbank AG (MEX:CBKN) has a Piotroski F-Score of 2 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Commerzbank AG and its competitors. This is 67% below median its historical median of 6.00. Over the past decade, Commerzbank AG's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Commerzbank AG ranks #1434 out of 1498 companies in the Banks industry, placing it in the top 95.7%.
Is Commerzbank AG's Piotroski F-Score too high?
Commerzbank AG's current Piotroski F-Score of 2 is 67% 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 8.00. The Banks industry median Piotroski F-Score is 6.00. Commerzbank AG's value of 2 is 66.7% below this industry median. Based on the distribution chart, Commerzbank AG ranks #1434 out of 1498 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Commerzbank AG has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Commerzbank AG's Piotroski F-Score compare to PNC?
According to the Banks industry distribution chart, Commerzbank AG ranks #1434 out of 1498 companies for Piotroski F-Score. This places Commerzbank AG in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Commerzbank AG's value of 2 is 66.7% below this benchmark. Historically, Commerzbank AG's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Commerzbank 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. Commerzbank AG's current Piotroski F-Score of 2 is 66.7% 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 Commerzbank 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. Commerzbank AG's current Piotroski F-Score is 2, which is 67% 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 Commerzbank AG stock overvalued right now?
Commerzbank AG (MEX:CBKN) has a current Piotroski F-Score of 2. The stock's GF Value™ is MXN90.45, compared to a current price of MXN180.58 — trading 99.6% above its estimated fair value. The current Piotroski F-Score is 2, which is 67% below median its 10-year median of 6.00 and 66.7% below the Banks industry median of 6.00. Commerzbank AG's overall GF Score™ is 58/100 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 Commerzbank AG (MEX:CBKN), the current Piotroski F-Score is 2 as of Jun. 24, 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 Commerzbank AG (MEX:CBKN) Overvalued in 2026?
Based on GuruFocus' analysis, Commerzbank AG stock appears to be overvalued.
The current stock price of MXN180.58 is trading 99.6% above its estimated GF Value™ of MXN90.45.
Key valuation signals for MEX:CBKN:
Piotroski F-Score: 2 (67% below median its 10-year median of 6.00)
GF Value™: MXN90.45 vs. price of MXN180.58 (99.6% above fair value)
Industry Position: 66.7% below the Banks median (#1434 of 1498)
No single metric tells the full story. See the MEX:CBKN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Commerzbank operates primarily in Europe. Germany accounts for about 70% of the total income. The bank operates two business segments: private and small-business customers, as well as corporate clients. In its private and small-business segment, the group operates a branch network, a mobile bank focused on the Polish market, an online broker, and an asset manager for physical assets. Its corporate client business provides cash management and trade finance solutions to small and medium-size enterprises and large companies.
58GF Score
Get the complete analysis for MEX:CBKN
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MEX:CBKN has been successfully added to your 
