TKH Group NVSTU:TWSA +1.69%80 Piotroski F-Score is 4 as of Jun. 29, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates STU:TWSA with a GF Score™ of 80/100 and a GF Value™ of €39.33 (Fairly Valued). The stock has 11 warning signs investors should review. Among 2,432 Hardware companies, TKH Group NV ranks worse than 62.13% 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
TKH Group NV 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 TKH Group NV's Piotroski F-Score or its related term are showing as below:
STU:TWSA'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 7
Current: 4
During the past 13 years, the highest Piotroski F-Score of TKH Group NV was 7. The lowest was 4. And the median was 6.
TKH Group NV (STU:TWSA) 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.
TKH Group NV Piotroski F-Score Related Terms
TKH Group NV Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for TKH Group NV'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.
STU:TWSA vs CSCO, CIEN, MSI: Piotroski F-Score Comparison
For the Communication Equipment subindustry, TKH Group NV'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.
TKH Group NV Piotroski F-Score vs Hardware Industry
For the Hardware industry and Technology sector, TKH Group NV's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where TKH Group NV'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.
TKH Group NV's current Net Income (TTM) was 94.
==> 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.
TKH Group NV's return on assets of this year was 0.0426378. TKH Group NV's return on assets of last year was 0.04679104.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
TKH Group NV's gearing of this year was 0.25910968. TKH Group NV's gearing of last year was 0.28567973.
==> 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
TKH Group NV's current ratio of this year was 1.51183779. TKH Group NV's current ratio of last year was 1.526247.
==> 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.
TKH Group NV's number of shares in issue this year was 39.888. TKH Group NV's number of shares in issue last year was 39.876.
==> 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.
TKH Group NV's gross margin of this year was 0.50384149. TKH Group NV's gross margin of last year was 0.51876443.
==> 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
TKH Group NV's asset turnover of this year was 0.79570523. TKH Group NV's asset turnover of last year was 0.80494027.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
TKH Group NV has an F-score of 4 indicating the company's financial situation is typical for a stable company.
TKH Group NV (STU:TWSA) has a Piotroski F-Score of 4 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on TKH Group NV and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, TKH Group NV's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, TKH Group NV ranks #1511 out of 2432 companies in the Hardware industry, placing it in the top 62.1%.
Is TKH Group NV's Piotroski F-Score too high?
TKH Group NV's current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Hardware industry median Piotroski F-Score is 5.00. TKH Group NV's value of 4 is 20% below this industry median. Based on the distribution chart, TKH Group NV ranks #1511 out of 2432 companies in the Hardware industry, which is below the industry midpoint. Overall, TKH Group NV has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TKH Group NV's Piotroski F-Score compare to CSCO and CIEN?
According to the Hardware industry distribution chart, TKH Group NV ranks #1511 out of 2432 companies for Piotroski F-Score. This places TKH Group NV in the lower half of its industry. The industry median Piotroski F-Score is 5.00. TKH Group NV's value of 4 is 20% below this benchmark. Historically, TKH Group NV's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, TKH Group NV 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,432 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. TKH Group NV'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 TKH Group NV and its competitors. For the Hardware 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. TKH Group NV's current Piotroski F-Score is 4, which is 33% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TKH Group NV stock overvalued right now?
Based on GuruFocus' analysis, TKH Group NV (STU:TWSA) is currently considered Fairly Valued. The stock's GF Value™ is €39.33, compared to a current price of €43.44 — trading 10.5% above its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Hardware industry median of 5.00. TKH Group NV's overall GF Score™ is 80/100 with 11 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 TKH Group NV (STU:TWSA), the current Piotroski F-Score is 4 as of Jun. 29, 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 TKH Group NV (STU:TWSA) Overvalued in 2026?
Based on GuruFocus' analysis, TKH Group NV stock appears to be overvalued.
The current stock price of €43.44 is trading 10.5% above its estimated GF Value™ of €39.33.
GuruFocus considers TKH Group NV to be Fairly Valued.
Key valuation signals for STU:TWSA:
Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
GF Value™: €39.33 vs. price of €43.44 (10.5% above fair value)
Industry Position: 20% below the Hardware median (#1511 of 2432)
No single metric tells the full story. See the STU:TWSA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TKH Group NV is a provider of vertical-specific communications and connectivity solutions. Its operations are organized into three segments, which include Smart Vision systems, Smart Connectivity systems, and Smart Manufacturing systems. The firm derives revenue from the Netherlands, Europe (other), Asia, North America, and other. The Smart Vision systems segment operates through a coherent, vertically integrated business model combining hardware, software, and service focused on delivering end-to-end 2D/3D vision and security solutions. Smart Manufacturing systems segment focuses on delivering automated, software-driven production systems for specialized industrial markets. Smart Connectivity systems segment operates as a technology-driven provider of specialized connectivity solutions.
80GF Score
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