Centrenergo PJSC (UKEX:CEEN) Piotroski F-Score: 8 (As of Jun. 27, 2026) — 14% Above Median


UKEX:CEEN Centrenergo PJSC UKEX:CEEN
56 GF Score
Price ₴3.72
! 4 Warning Signs
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What is Centrenergo PJSC Piotroski F-Score?

Centrenergo PJSC UKEX:CEEN 56 Piotroski F-Score is 8 as of Jun. 27, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates UKEX:CEEN with a GF Score™ of 56/100. The stock has 4 warning signs investors should review. Among 491 Utilities - Regulated companies, Centrenergo PJSC ranks better than 97.56% 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

Centrenergo PJSC 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 Centrenergo PJSC's Piotroski F-Score or its related term are showing as below:

UKEX:CEEN' s Piotroski F-Score Range Over the Past 10 Years
Min: 6   Med: 7   Max: 8
Current: 8

During the past 12 years, the highest Piotroski F-Score of Centrenergo PJSC was 8. The lowest was 6. And the median was 7.

Centrenergo PJSC  (UKEX:CEEN) 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.


Centrenergo PJSC Piotroski F-Score Related Terms


Centrenergo PJSC Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Centrenergo PJSC'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.

Centrenergo PJSC Piotroski F-Score Chart

Centrenergo PJSC Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 7.00 6.00 6.00 8.00

Centrenergo PJSC Semi-Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec24 Dec25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.00 7.00 6.00 6.00 8.00

UKEX:CEEN vs NEE, SO, DUK: Piotroski F-Score Comparison

For the Utilities - Regulated Electric subindustry, Centrenergo PJSC'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.


Centrenergo PJSC Piotroski F-Score vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Centrenergo PJSC's Piotroski F-Score distribution charts can be found below:

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


UKEX:CEEN
56GF Score
Centrenergo PJSC UKEX:CEEN
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 ₴4,061 Mil.
Cash Flow from Operations was ₴3,382 Mil.
Revenue was ₴23,009 Mil.
Gross Profit was ₴5,393 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (11456.405 + 20330.324) / 2 = ₴15893.3645 Mil.
Total Assets at the begining of this year (Dec24) was ₴11,456 Mil.
Long-Term Debt & Capital Lease Obligation was ₴0 Mil.
Total Current Assets was ₴9,978 Mil.
Total Current Liabilities was ₴15,868 Mil.
Net Income was ₴-731 Mil.

Revenue was ₴13,026 Mil.
Gross Profit was ₴1,241 Mil.
Average Total Assets from the begining of last year (Dec18)
to the end of last year (Dec24) was (8423.246 + 11456.405) / 2 = ₴9939.8255 Mil.
Total Assets at the begining of last year (Dec18) was ₴8,423 Mil.
Long-Term Debt & Capital Lease Obligation was ₴0 Mil.
Total Current Assets was ₴7,402 Mil.
Total Current Liabilities was ₴15,970 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.

Centrenergo PJSC's current Net Income (TTM) was 4,061. ==> 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.

Centrenergo PJSC's current Cash Flow from Operations (TTM) was 3,382. ==> 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)
=4060.968/11456.405
=0.35447141

ROA (Last Year)=Net Income/Total Assets (Dec18)
=-731.367/8423.246
=-0.08682722

Centrenergo PJSC's return on assets of this year was 0.35447141. Centrenergo PJSC's return on assets of last year was -0.08682722. ==> 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.

Centrenergo PJSC's current Net Income (TTM) was 4,061. Centrenergo PJSC's current Cash Flow from Operations (TTM) was 3,382. ==> 3,382 <= 4,061 ==> CFROA <= ROA ==> Score 0.

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
=0/15893.3645
=0

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec18 to Dec24
=0/9939.8255
=0

Centrenergo PJSC's gearing of this year was 0. Centrenergo PJSC's gearing of last year was 0. ==> 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
=9977.827/15867.889
=0.6288062

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=7402.391/15970.303
=0.46350974

Centrenergo PJSC's current ratio of this year was 0.6288062. Centrenergo PJSC's current ratio of last year was 0.46350974. ==> This year's current ratio is higher. ==> Score 1.

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.

Centrenergo PJSC's number of shares in issue this year was 369.407. Centrenergo PJSC's number of shares in issue last year was 369.407. ==> 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
=5393.415/23008.697
=0.23440767

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1240.919/13026.277
=0.09526275

Centrenergo PJSC's gross margin of this year was 0.23440767. Centrenergo PJSC's gross margin of last year was 0.09526275. ==> 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)
=23008.697/11456.405
=2.00836973

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec18)
=13026.277/8423.246
=1.5464676

Centrenergo PJSC's asset turnover of this year was 2.00836973. Centrenergo PJSC's asset turnover of last year was 1.5464676. ==> 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+0+1+1+1+1+1
=8

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

Centrenergo PJSC 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?
Centrenergo PJSC (UKEX:CEEN) has a Piotroski F-Score of 8 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Centrenergo PJSC and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Centrenergo PJSC's Piotroski F-Score has ranged from 6.00 to 8.00. According to the industry distribution chart, Centrenergo PJSC ranks #12 out of 491 companies in the Utilities - Regulated industry, placing it in the top 2.4%.
Is Centrenergo PJSC's Piotroski F-Score too high?
Centrenergo PJSC's current Piotroski F-Score of 8 is 14% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 6.00 to a high of 8.00. The Utilities - Regulated industry median Piotroski F-Score is 6.00. Centrenergo PJSC's value of 8 is 33.3% above this industry median. Based on the distribution chart, Centrenergo PJSC ranks #12 out of 491 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Centrenergo PJSC has a GF Score™ of 56/100, reflecting its overall financial health beyond just this single metric.
How does Centrenergo PJSC's Piotroski F-Score compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Centrenergo PJSC ranks #12 out of 491 companies for Piotroski F-Score. This places Centrenergo PJSC in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Centrenergo PJSC's value of 8 is 33.3% above this benchmark. Historically, Centrenergo PJSC's own Piotroski F-Score has ranged from 6.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 6.00, Centrenergo PJSC 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 an Utilities - Regulated company?
The median Piotroski F-Score among Utilities - Regulated companies is 6.00, based on 491 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. Centrenergo PJSC's current Piotroski F-Score of 8 is 33.3% 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 Centrenergo PJSC and its competitors. For the Utilities - Regulated 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. Centrenergo PJSC's current Piotroski F-Score is 8, which is 14% above median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Centrenergo PJSC stock overvalued right now?
Centrenergo PJSC (UKEX:CEEN) has a current Piotroski F-Score of 8. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 33.3% above the Utilities - Regulated industry median of 6.00. Centrenergo PJSC's overall GF Score™ is 56/100 with 4 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 Centrenergo PJSC (UKEX:CEEN), the current Piotroski F-Score is 8 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.

Centrenergo PJSC Business Description

Other Exchanges CEEN:Ukraine
Address 120/4, Kyiv, UKR, 03022
Centrenergo PJSC is a power-generating company. The company generates thermal and electric energy. Its power plants provide thermal energy for the heating and hot water supply of the industrial enterprises and household consumers in the towns.
56GF Score

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