ISPD Network (STU:8XH) Piotroski F-Score: 8 (As of Jul. 14, 2026) — 60% Above Median

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STU:8XH ISPD Network STU:8XH
83 GF Score
Price €1.72
GF Value €3.10
! 5 Warning Signs
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What is ISPD Network Piotroski F-Score?

ISPD Network STU:8XH -0.87% 83 Piotroski F-Score is 8 as of Jul. 14, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates STU:8XH with a GF Score™ of 83/100 and a GF Value™ of €3.10. The stock has 5 warning signs investors should review. Among 1,005 Media - Diversified companies, ISPD Network ranks better than 98.51% on this metric.

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

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

ISPD Network has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

STU:8XH' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of ISPD Network was 8. The lowest was 1. And the median was 5.

ISPD Network  (STU:8XH) 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.


ISPD Network Piotroski F-Score Related Terms


ISPD Network Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for ISPD Network'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.

ISPD Network Piotroski F-Score Chart

ISPD Network 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 7.00 6.00 4.00 2.00 8.00

ISPD Network Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 2.00 0.00 8.00

STU:8XH vs APP, OMC, TTD: Piotroski F-Score Comparison

For the Advertising Agencies subindustry, ISPD Network'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.


ISPD Network Piotroski F-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, ISPD Network's Piotroski F-Score distribution charts can be found below:

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


STU:8XH
83GF Score
ISPD Network STU:8XH
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was €0.3 Mil.
Cash Flow from Operations was €10.5 Mil.
Revenue was €143.4 Mil.
Gross Profit was €46.3 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (78.622 + 77.36) / 2 = €77.991 Mil.
Total Assets at the begining of this year (Dec24) was €78.6 Mil.
Long-Term Debt & Capital Lease Obligation was €3.4 Mil.
Total Current Assets was €56.2 Mil.
Total Current Liabilities was €63.2 Mil.
Net Income was €-0.5 Mil.

Revenue was €156.1 Mil.
Gross Profit was €49.2 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (89.874 + 78.622) / 2 = €84.248 Mil.
Total Assets at the begining of last year (Dec23) was €89.9 Mil.
Long-Term Debt & Capital Lease Obligation was €5.3 Mil.
Total Current Assets was €57.2 Mil.
Total Current Liabilities was €60.4 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.

ISPD Network's current Net Income (TTM) was 0.3. ==> 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.

Score 1 if positive, 0 if negative.

ISPD Network's current Cash Flow from Operations (TTM) was 10.5. ==> 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 (Dec24)
=0.305/78.622
=0.00387932

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-0.473/89.874
=-0.00526292

ISPD Network's return on assets of this year was 0.00387932. ISPD Network's return on assets of last year was -0.00526292. ==> 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.

ISPD Network's current Net Income (TTM) was 0.3. ISPD Network's current Cash Flow from Operations (TTM) was 10.5. ==> 10.5 > 0.3 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=3.433/77.991
=0.0440179

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=5.287/84.248
=0.0627552

ISPD Network's gearing of this year was 0.0440179. ISPD Network's gearing of last year was 0.0627552. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=56.208/63.207
=0.88926859

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=57.223/60.403
=0.94735361

ISPD Network's current ratio of this year was 0.88926859. ISPD Network's current ratio of last year was 0.94735361. ==> 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.

ISPD Network's number of shares in issue this year was 14.716. ISPD Network's number of shares in issue last year was 14.716. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=46.301/143.423
=0.32282828

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=49.224/156.089
=0.31535855

ISPD Network's gross margin of this year was 0.32282828. ISPD Network's gross margin of last year was 0.31535855. ==> 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 (Dec24)
=143.423/78.622
=1.82420951

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=156.089/89.874
=1.73675368

ISPD Network's asset turnover of this year was 1.82420951. ISPD Network's asset turnover of last year was 1.73675368. ==> 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
=1+1+1+1+1+0+1+1+1
=8

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

ISPD Network has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
ISPD Network (STU:8XH) has a Piotroski F-Score of 8 as of Jul. 14, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on ISPD Network and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, ISPD Network's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, ISPD Network ranks #15 out of 1005 companies in the Media - Diversified industry, placing it in the top 1.5%.
Is ISPD Network's Piotroski F-Score too high?
ISPD Network's current Piotroski F-Score of 8 is 60% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Media - Diversified industry median Piotroski F-Score is 5.00. ISPD Network's value of 8 is 60% above this industry median. Based on the distribution chart, ISPD Network ranks #15 out of 1005 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, ISPD Network has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does ISPD Network's Piotroski F-Score compare to APP and OMC?
According to the Media - Diversified industry distribution chart, ISPD Network ranks #15 out of 1005 companies for Piotroski F-Score. This places ISPD Network in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. ISPD Network's value of 8 is 60% above this benchmark. Historically, ISPD Network's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, ISPD Network has consistently been above 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. ISPD Network's current Piotroski F-Score of 8 is 60% above 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 ISPD Network 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. ISPD Network's current Piotroski F-Score is 8, which is 60% 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 ISPD Network stock overvalued right now?
ISPD Network (STU:8XH) has a current Piotroski F-Score of 8. The stock's GF Value™ is €3.10, compared to a current price of €1.72 — trading 44.7% below its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 60% above the Media - Diversified industry median of 5.00. ISPD Network's overall GF Score™ is 83/100 with 5 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 ISPD Network (STU:8XH), the current Piotroski F-Score is 8 as of Jul. 14, 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 ISPD Network (STU:8XH) Overvalued in 2026?

Based on GuruFocus' analysis, ISPD Network stock appears to be undervalued. The current stock price of €1.72 is trading 44.7% below its estimated GF Value™ of €3.10.

Key valuation signals for STU:8XH:

  • Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
  • GF Value™: €3.10 vs. price of €1.72 (44.7% below fair value)
  • GF Score™: 83/100 with 5 warning signs
  • Industry Position: 60% above the Media - Diversified median (#15 of 1005)

No single metric tells the full story. See the STU:8XH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ISPD Network Business Description

Other Exchanges ALISP:France
Address C/ Apolonio Morales 13C, Madrid, ESP, 28036
ISPD Network operates in the online marketing industry. The company specializes in performance and brand marketing. It has two business activities: The online Advertising is managed within the group, covering the advertising activities provided to the company's customers; and Technology services, this activity relates to the servicing of email and SMS platforms, media, consumer intelligence, and e-commerce consultancy platforms. The company offers advertising, content marketing, and cross-channel technology solutions. It generates a majority of its revenue from the Online Advertising Segment.
83GF Score

Get the complete analysis for STU:8XH

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

€1.72
Price
€3.10
GF Value