Horizon Robotics (STU:8YO) Piotroski F-Score: 4 (As of Aug. 08, 2026) — 20% Below Median

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STU:8YO Horizon Robotics STU:8YO
16 GF Score
Price €0.53
! 3 Warning Signs
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What is Horizon Robotics Piotroski F-Score?

Horizon Robotics STU:8YO -3.26% 16 Piotroski F-Score is 4 as of Aug. 08, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates STU:8YO with a GF Score™ of 16/100. The stock has 3 warning signs investors should review. Among 2,729 Software companies, Horizon Robotics ranks worse than 60.13% 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

Horizon Robotics has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

STU:8YO' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 6
Current: 4

During the past 5 years, the highest Piotroski F-Score of Horizon Robotics was 6. The lowest was 4. And the median was 5.

Horizon Robotics  (STU:8YO) 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.


Horizon Robotics Piotroski F-Score Related Terms


Horizon Robotics Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Horizon Robotics'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.

Horizon Robotics Piotroski F-Score Chart

Horizon Robotics Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A 6.00 5.00 4.00

Horizon Robotics Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial 6.00 0.00 5.00 0.00 4.00

STU:8YO vs QH, SHOP, UBER: Piotroski F-Score Comparison

For the Software - Application subindustry, Horizon Robotics'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.


Horizon Robotics Piotroski F-Score vs Software Industry

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

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


STU:8YO
16GF Score
Horizon Robotics STU:8YO
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 €-1,269.4 Mil.
Cash Flow from Operations was €-255.4 Mil.
Revenue was €455.7 Mil.
Gross Profit was €294.1 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (2673.086 + 3711.652) / 2 = €3192.369 Mil.
Total Assets at the begining of this year (Dec24) was €2,673.1 Mil.
Long-Term Debt & Capital Lease Obligation was €66.8 Mil.
Total Current Assets was €2,924.4 Mil.
Total Current Liabilities was €2,046.2 Mil.
Net Income was €307.8 Mil.

Revenue was €312.6 Mil.
Gross Profit was €241.5 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (2038.646 + 2673.086) / 2 = €2355.866 Mil.
Total Assets at the begining of last year (Dec23) was €2,038.6 Mil.
Long-Term Debt & Capital Lease Obligation was €899.5 Mil.
Total Current Assets was €2,255.5 Mil.
Total Current Liabilities was €167.6 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.

Horizon Robotics's current Net Income (TTM) was -1,269.4. ==> 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.

Horizon Robotics's current Cash Flow from Operations (TTM) was -255.4. ==> Negative ==> Score 0.

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)
=-1269.386/2673.086
=-0.4748766

ROA (Last Year)=Net Income/Total Assets (Dec23)
=307.798/2038.646
=0.15098158

Horizon Robotics's return on assets of this year was -0.4748766. Horizon Robotics's return on assets of last year was 0.15098158. ==> 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.

Horizon Robotics's current Net Income (TTM) was -1,269.4. Horizon Robotics's current Cash Flow from Operations (TTM) was -255.4. ==> -255.4 > -1,269.4 ==> 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
=66.768/3192.369
=0.02091488

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=899.482/2355.866
=0.38180525

Horizon Robotics's gearing of this year was 0.02091488. Horizon Robotics's gearing of last year was 0.38180525. ==> 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
=2924.367/2046.2
=1.42916968

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=2255.524/167.61
=13.45697751

Horizon Robotics's current ratio of this year was 1.42916968. Horizon Robotics's current ratio of last year was 13.45697751. ==> 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.

Horizon Robotics's number of shares in issue this year was 12923.911. Horizon Robotics's number of shares in issue last year was 13412.817. ==> 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
=294.118/455.696
=0.6454259

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=241.528/312.648
=0.77252373

Horizon Robotics's gross margin of this year was 0.6454259. Horizon Robotics's gross margin of last year was 0.77252373. ==> 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 (Dec24)
=455.696/2673.086
=0.17047562

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=312.648/2038.646
=0.15336061

Horizon Robotics's asset turnover of this year was 0.17047562. Horizon Robotics's asset turnover of last year was 0.15336061. ==> 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+0+0+1+1+0+1+0+1
=4

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

Horizon Robotics has an F-score of 4 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 4 mean?
Horizon Robotics (STU:8YO) has a Piotroski F-Score of 4 as of Aug. 08, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Horizon Robotics and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Horizon Robotics' Piotroski F-Score has ranged from 4.00 to 6.00. According to the industry distribution chart, Horizon Robotics ranks #1641 out of 2729 companies in the Software industry, placing it in the top 60.1%.
Is Horizon Robotics' Piotroski F-Score too high?
Horizon Robotics' current Piotroski F-Score of 4 is 20% below 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 6.00. The Software industry median Piotroski F-Score is 5.00. Horizon Robotics' value of 4 is 20% below this industry median. Based on the distribution chart, Horizon Robotics ranks #1641 out of 2729 companies in the Software industry, which is below the industry midpoint. Overall, Horizon Robotics has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Horizon Robotics' Piotroski F-Score compare to QH and SHOP?
According to the Software industry distribution chart, Horizon Robotics ranks #1641 out of 2729 companies for Piotroski F-Score. This places Horizon Robotics in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Horizon Robotics' value of 4 is 20% below this benchmark. Historically, Horizon Robotics' own Piotroski F-Score has ranged from 4.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Horizon Robotics 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 2,729 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. Horizon Robotics's current Piotroski F-Score of 4 is 20% 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 Horizon Robotics 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. Horizon Robotics's current Piotroski F-Score is 4, which is 20% 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 Horizon Robotics stock overvalued right now?
Horizon Robotics (STU:8YO) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Software industry median of 5.00. Horizon Robotics' overall GF Score™ is 16/100 with 3 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 Horizon Robotics (STU:8YO), the current Piotroski F-Score is 4 as of Aug. 08, 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.

Horizon Robotics Business Description

Address No. 9, Fenghao East Road, Block A, Building No. 2, Haidian District, Beijing, CHN
Horizon Robotics is a provider of driver assistance systems (ADAS) and autonomous driving (AD) solutions for passenger vehicles, empowered by software and hardware technologies. Its solutions combine algorithms, purpose-built software, and processing hardware, providing the core technologies for assisted and autonomous driving that enhance the safety and experience of drivers and passengers. The company has two reportable segments: Automotive solutions and Non-Automotive solutions. A majority of its revenue is generated from the Automotive solutions segment. Geographically, the company derives a majority of its revenue from Mainland China.
16GF Score

Get the complete analysis for STU:8YO

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

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