Shenandoah Telecommunications CoSHEN +2.79%61 Piotroski F-Score is 3 as of Jun. 27, 2026, which is 40% below its 10-year median of 5.00. GuruFocus rates SHEN with a GF Score™ of 61/100 and a GF Value™ of $16.31 (Fairly Valued). The stock has 10 warning signs investors should review. Among 359 Telecommunication Services companies, Shenandoah Telecommunications Co ranks worse than 87.47% on this metric.
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
Shenandoah Telecommunications Co 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 Shenandoah Telecommunications Co's Piotroski F-Score or its related term are showing as below:
SHEN'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 8
Current: 3
During the past 13 years, the highest Piotroski F-Score of Shenandoah Telecommunications Co was 8. The lowest was 2. And the median was 5.
Shenandoah Telecommunications Co (NAS:SHEN) 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.
Shenandoah Telecommunications Co Piotroski F-Score Related Terms
Shenandoah Telecommunications Co Piotroski F-Score Historical Data
* 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.
Shenandoah Telecommunications Co Piotroski F-Score Chart
SHEN vs CCOI, GLIBA, GOGO: Piotroski F-Score Comparison
For the Telecom Services subindustry, Shenandoah Telecommunications Co'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.
Shenandoah Telecommunications Co Piotroski F-Score vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Shenandoah Telecommunications Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Shenandoah Telecommunications Co'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.
Shenandoah Telecommunications Co's current Net Income (TTM) was -39.6.
==> 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.
Shenandoah Telecommunications Co's current Cash Flow from Operations (TTM) was 104.8.
==> 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.
Shenandoah Telecommunications Co's return on assets of this year was -0.02167243. Shenandoah Telecommunications Co's return on assets of last year was -0.02075561.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Shenandoah Telecommunications Co's gearing of this year was 0.37628945. Shenandoah Telecommunications Co's gearing of last year was 0.30799769.
==> 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
Shenandoah Telecommunications Co's current ratio of this year was 1.12467261. Shenandoah Telecommunications Co's current ratio of last year was 1.20063575.
==> 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.
Shenandoah Telecommunications Co's number of shares in issue this year was 55.554. Shenandoah Telecommunications Co's number of shares in issue last year was 54.959.
==> 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.
Shenandoah Telecommunications Co's gross margin of this year was 0.6439967. Shenandoah Telecommunications Co's gross margin of last year was 0.61017052.
==> 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
Shenandoah Telecommunications Co's asset turnover of this year was 0.19836665. Shenandoah Telecommunications Co's asset turnover of last year was 0.23978334.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Shenandoah Telecommunications Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Shenandoah Telecommunications Co (SHEN) has a Piotroski F-Score of 3 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Shenandoah Telecommunications Co and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, Shenandoah Telecommunications Co's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Shenandoah Telecommunications Co ranks #314 out of 359 companies in the Telecommunication Services industry, placing it in the top 87.5%.
Is Shenandoah Telecommunications Co's Piotroski F-Score too high?
Shenandoah Telecommunications Co's current Piotroski F-Score of 3 is 40% below 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. Shenandoah Telecommunications Co's value of 3 is 50% below this industry median. Based on the distribution chart, Shenandoah Telecommunications Co ranks #314 out of 359 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Shenandoah Telecommunications Co has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shenandoah Telecommunications Co's Piotroski F-Score compare to CCOI and GLIBA?
According to the Telecommunication Services industry distribution chart, Shenandoah Telecommunications Co ranks #314 out of 359 companies for Piotroski F-Score. This places Shenandoah Telecommunications Co in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Shenandoah Telecommunications Co's value of 3 is 50% below this benchmark. Historically, Shenandoah Telecommunications Co'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, Shenandoah Telecommunications Co 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 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. Shenandoah Telecommunications Co's current Piotroski F-Score of 3 is 50% 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 Shenandoah Telecommunications Co 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. Shenandoah Telecommunications Co's current Piotroski F-Score is 3, which is 40% below 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 Shenandoah Telecommunications Co stock overvalued right now?
Based on GuruFocus' analysis, Shenandoah Telecommunications Co (SHEN) is currently considered Fairly Valued. The stock's GF Value™ is $16.31, compared to a current price of $15.45 — trading 5.3% below its estimated fair value. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 50% below the Telecommunication Services industry median of 6.00. Shenandoah Telecommunications Co's overall GF Score™ is 61/100 with 10 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 Shenandoah Telecommunications Co (SHEN), the current Piotroski F-Score is 3 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 Shenandoah Telecommunications Co (SHEN) Overvalued in 2026?
Based on GuruFocus' analysis, Shenandoah Telecommunications Co stock appears to be undervalued.
The current stock price of $15.45 is trading 5.3% below its estimated GF Value™ of $16.31.
GuruFocus considers Shenandoah Telecommunications Co to be Fairly Valued.
Key valuation signals for SHEN:
Piotroski F-Score: 3 (40% below median its 10-year median of 5.00)
GF Value™: $16.31 vs. price of $15.45 (5.3% below fair value)
Industry Position: 50% below the Telecommunication Services median (#314 of 359)
No single metric tells the full story. See the SHEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shenandoah Telecommunications Co Business Description
Shenandoah Telecommunications Co with its subsidiaries, provides various broadband communication products and services via its wireless, cable, fiber optic, and fixed wireless networks to customers in the Mid-Atlantic United States. The company operates through one business unit: Broadband. The broadband segment provides broadband Internet, video, and voice services to residential and commercial customers. The broadband segment generates the vast majority of the company's revenue, with the bulk of sales flowing from residential and small, and medium businesses within the broadband unit.
61GF Score
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