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Vivenda Group SpAMIL:VVG -1.38%12 Piotroski F-Score is 5 as of Jul. 15, 2026, which is at its 10-year median of 5.00. GuruFocus rates MIL:VVG with a GF Score™ of 12/100. The stock has 4 warning signs investors should review. Among 1,005 Media - Diversified companies, Vivenda Group SpA ranks better than 59.8% 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
Vivenda Group SpA has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Vivenda Group SpA's Piotroski F-Score or its related term are showing as below:
MIL:VVG'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 5 Max: 5
Current: 5
During the past 4 years, the highest Piotroski F-Score of Vivenda Group SpA was 5. The lowest was 4. And the median was 5.
Vivenda Group SpA (MIL:VVG) 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.
Vivenda Group SpA Piotroski F-Score Related Terms
Vivenda Group SpA Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Vivenda Group 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.
MIL:VVG vs APP, OMC, TTD: Piotroski F-Score Comparison
For the Advertising Agencies subindustry, Vivenda Group 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.
Vivenda Group SpA Piotroski F-Score vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Vivenda Group SpA's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Vivenda Group SpA'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.
Vivenda Group SpA's current Net Income (TTM) was -1.15.
==> 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.
Vivenda Group SpA's return on assets of this year was -0.08047503. Vivenda Group SpA's return on assets of last year was 0.00822177.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Vivenda Group SpA's gearing of this year was 0.11065817. Vivenda Group SpA's gearing of last year was 0.20756264.
==> 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
Vivenda Group SpA's current ratio of this year was 0.87939278. Vivenda Group SpA's current ratio of last year was 1.33542204.
==> 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.
Vivenda Group SpA's number of shares in issue this year was 9.281. Vivenda Group SpA's number of shares in issue last year was 9.281.
==> 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.
Vivenda Group SpA's gross margin of this year was 0.99098411. Vivenda Group SpA's gross margin of last year was 0.99011031.
==> 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
Vivenda Group SpA's asset turnover of this year was 0.91428571. Vivenda Group SpA's asset turnover of last year was 0.95641735.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Vivenda Group SpA has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Vivenda Group SpA (MIL:VVG) has a Piotroski F-Score of 5 as of Jul. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Vivenda Group SpA and its competitors. This is near median its historical median of 5.00. Over the past decade, Vivenda Group SpA's Piotroski F-Score has ranged from 4.00 to 5.00. According to the industry distribution chart, Vivenda Group SpA ranks #404 out of 1005 companies in the Media - Diversified industry, placing it in the top 40.2%.
Is Vivenda Group SpA's Piotroski F-Score too high?
Vivenda Group SpA's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 5.00. The Media - Diversified industry median Piotroski F-Score is 5.00. Vivenda Group SpA's value of 5 is 0% at this industry median. Based on the distribution chart, Vivenda Group SpA ranks #404 out of 1005 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Vivenda Group SpA has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Vivenda Group SpA's Piotroski F-Score compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Vivenda Group SpA ranks #404 out of 1005 companies for Piotroski F-Score. This puts Vivenda Group SpA in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Vivenda Group SpA's value of 5 is 0% at this benchmark. Historically, Vivenda Group SpA's own Piotroski F-Score has ranged from 4.00 to 5.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Vivenda Group SpA 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 Media - Diversified company?
The median Piotroski F-Score among Media - Diversified companies is 5.00, based on 1,005 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. Vivenda Group SpA'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 Vivenda Group SpA and its competitors. For the Media - Diversified 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. Vivenda Group SpA's current Piotroski F-Score is 5, which is near 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 Vivenda Group SpA stock overvalued right now?
Vivenda Group SpA (MIL:VVG) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Media - Diversified industry median of 5.00. Vivenda Group SpA's overall GF Score™ is 12/100 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 Vivenda Group SpA (MIL:VVG), the current Piotroski F-Score is 5 as of Jul. 15, 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.
Vivenda Group SpA is a holding company. Its activity is characterized by a diversified offer of services that can be summarised in service lines: out-of-home advertising (OOH), architecture, legal and financial advertising, and real estate. The (OOH) activity consists of the management and sale of large advertising spaces used for billboards and/or installations of LED technology systems in the exposed locations. The architecture activity consists of the offer of restructuring, redevelopment, and consolidation services of the real estate and architectural heritage, both public and private, also financed entirely through OOH advertising. The legal and financial advertising activity consists of the provision of legal and financial advertising services in institutional publications.
12GF Score
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