VIAAY (Flughafen Wien AG) Piotroski F-Score: 6 (As of Jun. 26, 2026) — 25% Below Median


VIAAY Flughafen Wien AG VIAAY
78 GF Score
Price $12.74
GF Value $14.77
! 1 Warning Sign
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What is Flughafen Wien AG Piotroski F-Score?

Flughafen Wien AG VIAAY 78 Piotroski F-Score is 6 as of Jun. 26, 2026, which is 25% below its 10-year median of 8.00. GuruFocus rates VIAAY with a GF Score™ of 78/100 and a GF Value™ of $14.77. The stock has 1 warning sign investors should review. Among 979 Transportation companies, Flughafen Wien AG ranks better than 72.22% 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

Flughafen Wien AG has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

VIAAY' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 8   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of Flughafen Wien AG was 9. The lowest was 4. And the median was 8.

Flughafen Wien AG  (OTCPK:VIAAY) 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.


Flughafen Wien AG Piotroski F-Score Related Terms


Flughafen Wien AG Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Flughafen Wien AG'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.

Flughafen Wien AG Piotroski F-Score Chart

Flughafen Wien AG 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 8.00 9.00 8.00 9.00 6.00

Flughafen Wien AG Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 8.00 8.00 9.00 6.00 6.00

VIAAY vs JOBY, CAAP: Piotroski F-Score Comparison

For the Airports & Air Services subindustry, Flughafen Wien AG'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.


Flughafen Wien AG Piotroski F-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Flughafen Wien AG's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Flughafen Wien AG's Piotroski F-Score falls into.


VIAAY
78GF Score
Flughafen Wien AG VIAAY
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 77.428 + 107.101 + -10.511 + 42.97 = $217 Mil.
Cash Flow from Operations was 71.401 + 130.229 + 76.443 + 79.475 = $358 Mil.
Revenue was 344.355 + 376.786 + 331.95 + 276.986 = $1,330 Mil.
Gross Profit was 166.724 + 203.579 + 169.034 + 101.116 = $640 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2665.705 + 2742.294 + 2865.359 + 2826.219 + 2819.416) / 5 = $2783.7986 Mil.
Total Assets at the begining of this year (Mar25) was $2,666 Mil.
Long-Term Debt & Capital Lease Obligation was $0 Mil.
Total Current Assets was $656 Mil.
Total Current Liabilities was $409 Mil.
Net Income was 68.593 + 99.518 + 30.698 + 38.521 = $237 Mil.

Revenue was 299.34 + 337.459 + 272.514 + 244.201 = $1,154 Mil.
Gross Profit was 142.644 + 183.411 + 131.012 + 87.264 = $544 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2413.165 + 2386.269 + 2594.159 + 2513.498 + 2665.705) / 5 = $2514.5592 Mil.
Total Assets at the begining of last year (Mar24) was $2,413 Mil.
Long-Term Debt & Capital Lease Obligation was $0 Mil.
Total Current Assets was $773 Mil.
Total Current Liabilities was $479 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.

Flughafen Wien AG's current Net Income (TTM) was 217. ==> 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.

Flughafen Wien AG's current Cash Flow from Operations (TTM) was 358. ==> 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 (Mar25)
=216.988/2665.705
=0.08139985

ROA (Last Year)=Net Income/Total Assets (Mar24)
=237.33/2413.165
=0.09834802

Flughafen Wien AG's return on assets of this year was 0.08139985. Flughafen Wien AG's return on assets of last year was 0.09834802. ==> 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.

Flughafen Wien AG's current Net Income (TTM) was 217. Flughafen Wien AG's current Cash Flow from Operations (TTM) was 358. ==> 358 > 217 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=0/2783.7986
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/2514.5592
=0

Flughafen Wien AG's gearing of this year was 0. Flughafen Wien AG'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: Mar26)=Total Current Assets/Total Current Liabilities
=655.645/409.324
=1.60177512

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=772.671/478.594
=1.61446027

Flughafen Wien AG's current ratio of this year was 1.60177512. Flughafen Wien AG's current ratio of last year was 1.61446027. ==> 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.

Flughafen Wien AG's number of shares in issue this year was 335.499. Flughafen Wien AG's number of shares in issue last year was 335.499. ==> 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
=640.453/1330.077
=0.48151573

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=544.331/1153.514
=0.47188937

Flughafen Wien AG's gross margin of this year was 0.48151573. Flughafen Wien AG's gross margin of last year was 0.47188937. ==> 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 (Mar25)
=1330.077/2665.705
=0.49895881

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1153.514/2413.165
=0.47800876

Flughafen Wien AG's asset turnover of this year was 0.49895881. Flughafen Wien AG's asset turnover of last year was 0.47800876. ==> 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+0+1+1+0+1+1+1
=7

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

Flughafen Wien AG has an F-score of 7. 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 6 mean?
Flughafen Wien AG (VIAAY) has a Piotroski F-Score of 6 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Flughafen Wien AG and its competitors. This is 25% below median its historical median of 8.00. Over the past decade, Flughafen Wien AG's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Flughafen Wien AG ranks #272 out of 979 companies in the Transportation industry, placing it in the top 27.8%.
Is Flughafen Wien AG's Piotroski F-Score too high?
Flughafen Wien AG's current Piotroski F-Score of 6 is 25% below median its 10-year median of 8.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Transportation industry median Piotroski F-Score is 6.00. Flughafen Wien AG's value of 6 is 0% at this industry median. Based on the distribution chart, Flughafen Wien AG ranks #272 out of 979 companies in the Transportation industry, which is above the industry midpoint. Overall, Flughafen Wien AG has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Flughafen Wien AG's Piotroski F-Score compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Flughafen Wien AG ranks #272 out of 979 companies for Piotroski F-Score. This puts Flughafen Wien AG in the upper half of its industry. The industry median Piotroski F-Score is 6.00. Flughafen Wien AG's value of 6 is 0% at this benchmark. Historically, Flughafen Wien AG's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 8.00 vs. the industry median of 6.00, Flughafen Wien AG has consistently been at 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 979 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. Flughafen Wien AG's current Piotroski F-Score of 6 is 0% at 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 Flughafen Wien AG and its competitors. For the Transportation 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. Flughafen Wien AG's current Piotroski F-Score is 6, which is 25% below median its own 10-year median of 8.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flughafen Wien AG stock overvalued right now?
Flughafen Wien AG (VIAAY) has a current Piotroski F-Score of 6. The stock's GF Value™ is $14.77, compared to a current price of $12.74 — trading 13.7% below its estimated fair value. The current Piotroski F-Score is 6, which is 25% below median its 10-year median of 8.00 and 0% at the Transportation industry median of 6.00. Flughafen Wien AG's overall GF Score™ is 78/100 with 1 warning sign 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 Flughafen Wien AG (VIAAY), the current Piotroski F-Score is 6 as of Jun. 26, 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 Flughafen Wien AG (VIAAY) Overvalued in 2026?

Based on GuruFocus' analysis, Flughafen Wien AG stock appears to be undervalued. The current stock price of $12.74 is trading 13.7% below its estimated GF Value™ of $14.77.

Key valuation signals for VIAAY:

  • Piotroski F-Score: 6 (25% below median its 10-year median of 8.00)
  • GF Value™: $14.77 vs. price of $12.74 (13.7% below fair value)
  • GF Score™: 78/100 with 1 warning sign
  • Industry Position: 0% at the Transportation median (#272 of 979)

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


Flughafen Wien AG Business Description

Other Exchanges FLW1:GermanyFLU:Austria
Address Vienna Airport, P.O. Box 1, Wien, AUT, A-1300
Flughafen Wien AG manages and operates an airport. The company's segment includes Airport; Handling and Security Services; Retail and Properties; Malta and others. It generates maximum revenue from the Airport segment which is responsible for the operation and maintenance of all movement areas of the terminal, all the facilities involved in passenger and baggage handling as well as the security controls for passengers and hand luggage at Vienna Airport. The tasks of acquiring new airline customers and increasing the number of destinations offered are also assigned to this segment.
78GF Score

Get the complete analysis for VIAAY

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

$12.74
Price
$14.77
GF Value