Hubbster Group (NGM:HUBS) Piotroski F-Score: 3 (As of Jun. 30, 2026) — 25% Below Median


What is Hubbster Group Piotroski F-Score?

Hubbster Group NGM:HUBS +16.67% Piotroski F-Score is 3 as of Jun. 30, 2026, which is 25% below its 10-year median of 4.00. The stock has 2 warning signs investors should review.

Warning Sign:

Piotroski F-Score of 3 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

Hubbster Group has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Hubbster Group's Piotroski F-Score or its related term are showing as below:

NGM:HUBS' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 6
Current: 3

During the past 4 years, the highest Piotroski F-Score of Hubbster Group was 6. The lowest was 3. And the median was 4.

Hubbster Group  (NGM:HUBS) 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.


Hubbster Group Piotroski F-Score Related Terms


Hubbster Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Hubbster Group'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.

Hubbster Group Piotroski F-Score Chart

Hubbster Group Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
N/A N/A 6.00 4.00

Hubbster Group Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25
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 4.00 3.00 4.00 4.00 3.00

NGM:HUBS vs CRM, SHOP, UBER: Piotroski F-Score Comparison

For the Software - Application subindustry, Hubbster Group'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.


Hubbster Group Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, Hubbster Group's Piotroski F-Score distribution charts can be found below:

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


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 (Jun25) TTM:Last Year (Jun24) TTM:
Net Income was -2.813 + -1.821 + -2.844 + -11.954 = kr-19.43 Mil.
Cash Flow from Operations was 1.207 + 0.15 + 0.104 + 0.044 = kr1.51 Mil.
Revenue was 4.594 + 5.786 + 5.963 + 3.73 = kr20.07 Mil.
Gross Profit was 1.289 + 2.473 + 1.077 + -0.027 = kr4.81 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was
(49.224 + 46.276 + 44.275 + 41.965 + 11.397) / 5 = kr38.6274 Mil.
Total Assets at the begining of this year (Jun24) was kr49.22 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.01 Mil.
Total Current Assets was kr3.53 Mil.
Total Current Liabilities was kr25.31 Mil.
Net Income was -2.359 + -7.173 + -2.483 + -2.813 = kr-14.83 Mil.

Revenue was 7.216 + 9.958 + 7.829 + 7.838 = kr32.84 Mil.
Gross Profit was 2.101 + 6.969 + 1.862 + 1.309 = kr12.24 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was
(62.784 + 58.496 + 55.81 + 51.203 + 49.224) / 5 = kr55.5034 Mil.
Total Assets at the begining of last year (Jun23) was kr62.78 Mil.
Long-Term Debt & Capital Lease Obligation was kr1.62 Mil.
Total Current Assets was kr7.80 Mil.
Total Current Liabilities was kr29.79 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.

Hubbster Group's current Net Income (TTM) was -19.43. ==> 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.

Score 1 if positive, 0 if negative.

Hubbster Group's current Cash Flow from Operations (TTM) was 1.51. ==> 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 (Jun24)
=-19.432/49.224
=-0.39476678

ROA (Last Year)=Net Income/Total Assets (Jun23)
=-14.828/62.784
=-0.23617482

Hubbster Group's return on assets of this year was -0.39476678. Hubbster Group's return on assets of last year was -0.23617482. ==> Last year is higher ==> Score 0.

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.

Hubbster Group's current Net Income (TTM) was -19.43. Hubbster Group's current Cash Flow from Operations (TTM) was 1.51. ==> 1.51 > -19.43 ==> 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: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=0.008/38.6274
=0.00020711

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=1.618/55.5034
=0.02915137

Hubbster Group's gearing of this year was 0.00020711. Hubbster Group's gearing of last year was 0.02915137. ==> 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

Current Ratio (This Year: Jun25)=Total Current Assets/Total Current Liabilities
=3.526/25.313
=0.13929601

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=7.804/29.786
=0.26200228

Hubbster Group's current ratio of this year was 0.13929601. Hubbster Group's current ratio of last year was 0.26200228. ==> 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.

Hubbster Group's number of shares in issue this year was 55.815. Hubbster Group's number of shares in issue last year was 24.873. ==> There is larger number of shares in issue this year. ==> Score 0.

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
=4.812/20.073
=0.239725

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=12.241/32.841
=0.3727353

Hubbster Group's gross margin of this year was 0.239725. Hubbster Group's gross margin of last year was 0.3727353. ==> 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 (Jun24)
=20.073/49.224
=0.40778888

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=32.841/62.784
=0.52307913

Hubbster Group's asset turnover of this year was 0.40778888. Hubbster Group's asset turnover of last year was 0.52307913. ==> 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
=0+1+0+1+1+0+0+0+0
=3

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

Hubbster Group has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
Hubbster Group (NGM:HUBS) has a Piotroski F-Score of 3 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Hubbster Group and its competitors. This is 25% below median its historical median of 4.00. Over the past decade, Hubbster Group's Piotroski F-Score has ranged from 3.00 to 6.00.
Is Hubbster Group's Piotroski F-Score too high?
Hubbster Group's current Piotroski F-Score of 3 is 25% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 6.00. The Software industry median Piotroski F-Score is 5.00. Hubbster Group's value of 3 is 40% below this industry median.
How does Hubbster Group's Piotroski F-Score compare to CRM and SHOP?
Hubbster Group's Piotroski F-Score of 3 can be compared against companies in the Software industry. The industry median Piotroski F-Score is 5.00. Hubbster Group's value of 3 is 40% below this benchmark. Historically, Hubbster Group's own Piotroski F-Score has ranged from 3.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Hubbster Group 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,743 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. Hubbster Group's current Piotroski F-Score of 3 is 40% 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 Hubbster Group and its competitors. For the Software 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. Hubbster Group's current Piotroski F-Score is 3, which is 25% below median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hubbster Group stock overvalued right now?
Hubbster Group (NGM:HUBS) has a current Piotroski F-Score of 3. The stock's GF Value™ is kr0.28, compared to a current price of kr0.01 — trading 97.5% below its estimated fair value. The current Piotroski F-Score is 3, which is 25% below median its 10-year median of 4.00 and 40% below the Software industry median of 5.00. 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 Hubbster Group (NGM:HUBS), the current Piotroski F-Score is 3 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.

Hubbster Group Business Description

Address Vastra Jarnvagsgatan 3, Stockholm, SWE, 111 64
Hubbster Group is a developer of a digital management platform intended to combine employee engagement with company goals. The company's platform offers HR, business, and sales consultancy programs for employees, offering motivational research, behavioral psychology, and effective business development, enabling businesses to improve.