Syn hf (OISE:SYN) Piotroski F-Score: 6 (As of Jun. 27, 2026) — 20% Above Median


OISE:SYN Syn hf OISE:SYN
65 GF Score
Price kr20.60
GF Value kr31.20
Valuation Possible Value Trap
! 8 Warning Signs
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What is Syn hf Piotroski F-Score?

Syn hf OISE:SYN -0.96% 65 Piotroski F-Score is 6 as of Jun. 27, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates OISE:SYN with a GF Score™ of 65/100 and a GF Value™ of kr31.20 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 359 Telecommunication Services companies, Syn hf ranks better than 67.69% 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

Syn hf 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 Syn hf's Piotroski F-Score or its related term are showing as below:

OISE:SYN' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Syn hf was 8. The lowest was 2. And the median was 5.

Syn hf  (OISE:SYN) 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.


Syn hf Piotroski F-Score Related Terms


Syn hf Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Syn hf'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.

Syn hf Piotroski F-Score Chart

Syn hf Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 6.00 7.00 5.00 7.00

Syn hf Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 Premium Member Only Premium Member Only 4.00 4.00 4.00 7.00 6.00

OISE:SYN vs TMUS, VZ, T: Piotroski F-Score Comparison

For the Telecom Services subindustry, Syn hf'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.


Syn hf Piotroski F-Score vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Syn hf's Piotroski F-Score distribution charts can be found below:

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


OISE:SYN
65GF Score
Syn hf OISE:SYN
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was -174 + -239 + 122 + -291 = kr-582 Mil.
Cash Flow from Operations was 481 + 831 + 1072 + 1056 = kr3,440 Mil.
Revenue was 5357 + 5182 + 6073 + 5461 = kr22,073 Mil.
Gross Profit was 3135 + 3108 + 3791 + 5461 = kr15,495 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(30783 + 30080 + 30219 + 30862 + 29766) / 5 = kr30342 Mil.
Total Assets at the begining of this year (Mar25) was kr30,783 Mil.
Long-Term Debt & Capital Lease Obligation was kr0 Mil.
Total Current Assets was kr6,512 Mil.
Total Current Liabilities was kr6,932 Mil.
Net Income was -176 + 17 + -1194 + -344 = kr-1,697 Mil.

Revenue was 5286 + 5266 + 5731 + 5220 = kr21,503 Mil.
Gross Profit was 3186 + 3094 + 3429 + 3064 = kr12,773 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(34042 + 34037 + 33265 + 31050 + 30783) / 5 = kr32635.4 Mil.
Total Assets at the begining of last year (Mar24) was kr34,042 Mil.
Long-Term Debt & Capital Lease Obligation was kr15,587 Mil.
Total Current Assets was kr6,646 Mil.
Total Current Liabilities was kr6,882 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.

Syn hf's current Net Income (TTM) was -582. ==> 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.

Syn hf's current Cash Flow from Operations (TTM) was 3,440. ==> 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 (Mar25)
=-582/30783
=-0.01890654

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-1697/34042
=-0.04985019

Syn hf's return on assets of this year was -0.01890654. Syn hf's return on assets of last year was -0.04985019. ==> 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.

Syn hf's current Net Income (TTM) was -582. Syn hf's current Cash Flow from Operations (TTM) was 3,440. ==> 3,440 > -582 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=0/30342
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=15587/32635.4
=0.4776102

Syn hf's gearing of this year was 0. Syn hf's gearing of last year was 0.4776102. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=6512/6932
=0.93941143

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=6646/6882
=0.96570764

Syn hf's current ratio of this year was 0.93941143. Syn hf's current ratio of last year was 0.96570764. ==> 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.

Syn hf's number of shares in issue this year was 247.649. Syn hf's number of shares in issue last year was 247.482. ==> 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
=15495/22073
=0.70198886

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=12773/21503
=0.59401014

Syn hf's gross margin of this year was 0.70198886. Syn hf's gross margin of last year was 0.59401014. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=22073/30783
=0.71705162

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=21503/34042
=0.63166089

Syn hf's asset turnover of this year was 0.71705162. Syn hf's asset turnover of last year was 0.63166089. ==> 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
=0+1+1+1+1+0+0+1+1
=6

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

Syn hf has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 6 mean?
Syn hf (OISE:SYN) has a Piotroski F-Score of 6 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Syn hf and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Syn hf's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Syn hf ranks #116 out of 359 companies in the Telecommunication Services industry, placing it in the top 32.3%.
Is Syn hf's Piotroski F-Score too high?
Syn hf's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Telecommunication Services industry median Piotroski F-Score is 6.00. Syn hf's value of 6 is 0% at this industry median. Based on the distribution chart, Syn hf ranks #116 out of 359 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Syn hf has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Syn hf's Piotroski F-Score compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Syn hf ranks #116 out of 359 companies for Piotroski F-Score. This puts Syn hf in the upper half of its industry. The industry median Piotroski F-Score is 6.00. Syn hf's value of 6 is 0% at this benchmark. Historically, Syn hf'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 5.00 vs. the industry median of 6.00, Syn hf 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 Telecommunication Services company?
The median Piotroski F-Score among Telecommunication Services companies is 6.00, based on 359 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. Syn hf's current Piotroski F-Score of 6 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 Syn hf and its competitors. For the Telecommunication Services 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. Syn hf's current Piotroski F-Score is 6, which is 20% 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 Syn hf stock overvalued right now?
Based on GuruFocus' analysis, Syn hf (OISE:SYN) is currently considered Possible Value Trap. The stock's GF Value™ is kr31.20, compared to a current price of kr20.60 — trading 34% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 0% at the Telecommunication Services industry median of 6.00. Syn hf's overall GF Score™ is 65/100 with 8 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 Syn hf (OISE:SYN), the current Piotroski F-Score is 6 as of Jun. 27, 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 Syn hf (OISE:SYN) Overvalued in 2026?

Based on GuruFocus' analysis, Syn hf stock appears to be undervalued. The current stock price of kr20.60 is trading 34% below its estimated GF Value™ of kr31.20. GuruFocus considers Syn hf to be Possible Value Trap.

Key valuation signals for OISE:SYN:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: kr31.20 vs. price of kr20.60 (34% below fair value)
  • GF Score™: 65/100 with 8 warning signs
  • Industry Position: 0% at the Telecommunication Services median (#116 of 359)

No single metric tells the full story. See the OISE:SYN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Syn hf Business Description

Address Suourlandsbraut 8, Reykjavik, ISL, 108
Syn hf is an Iceland based Telecommunication and Media company. The company generates revenue from sales of Fixed line, Hosting and operating solutions, Retail sale and Other revenue which includes services revenue.
65GF Score

Get the complete analysis for OISE:SYN

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr20.60
Price
kr31.20
GF Value