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Asseco Business SolutionsWAR:ABS 93 Piotroski F-Score is 8 as of Aug. 02, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates WAR:ABS with a GF Score™ of 93/100 and a GF Value™ of zł79.02 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 2,734 Software companies, Asseco Business Solutions ranks better than 98.68% 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
Asseco Business Solutions 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 Asseco Business Solutions's Piotroski F-Score or its related term are showing as below:
WAR:ABS'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 7 Max: 9
Current: 8
During the past 13 years, the highest Piotroski F-Score of Asseco Business Solutions was 9. The lowest was 4. And the median was 7.
Asseco Business Solutions (WAR:ABS) 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.
Asseco Business Solutions Piotroski F-Score Related Terms
Asseco Business Solutions Piotroski F-Score Historical Data
* 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.
WAR:ABS vs QH, SHOP, UBER: Piotroski F-Score Comparison
For the Software - Application subindustry, Asseco Business Solutions'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.
Asseco Business Solutions Piotroski F-Score vs Software Industry
For the Software industry and Technology sector, Asseco Business Solutions's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Asseco Business Solutions'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.
Asseco Business Solutions's current Net Income (TTM) was 147.8.
==> 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.
Asseco Business Solutions's current Cash Flow from Operations (TTM) was 200.9.
==> 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.
Asseco Business Solutions's return on assets of this year was 0.27694043. Asseco Business Solutions's return on assets of last year was 0.22970316.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Asseco Business Solutions's gearing of this year was 0.06105185. Asseco Business Solutions's gearing of last year was 0.07812011.
==> 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
Asseco Business Solutions's current ratio of this year was 2.06205958. Asseco Business Solutions's current ratio of last year was 1.88269498.
==> 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.
Asseco Business Solutions's number of shares in issue this year was 32.975. Asseco Business Solutions's number of shares in issue last year was 32.826.
==> 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.
Asseco Business Solutions's gross margin of this year was 0.45775831. Asseco Business Solutions's gross margin of last year was 0.43238606.
==> 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
Asseco Business Solutions's asset turnover of this year was 0.93587173. Asseco Business Solutions's asset turnover of last year was 0.84083992.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Asseco Business Solutions has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Asseco Business Solutions (WAR:ABS) has a Piotroski F-Score of 8 as of Aug. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Asseco Business Solutions and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Asseco Business Solutions' Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Asseco Business Solutions ranks #36 out of 2734 companies in the Software industry, placing it in the top 1.3%.
Is Asseco Business Solutions' Piotroski F-Score too high?
Asseco Business Solutions' 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 4.00 to a high of 9.00. The Software industry median Piotroski F-Score is 5.00. Asseco Business Solutions' value of 8 is 60% above this industry median. Based on the distribution chart, Asseco Business Solutions ranks #36 out of 2734 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Asseco Business Solutions has a GF Score™ of 93/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Asseco Business Solutions' Piotroski F-Score compare to QH and SHOP?
According to the Software industry distribution chart, Asseco Business Solutions ranks #36 out of 2734 companies for Piotroski F-Score. This places Asseco Business Solutions in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Asseco Business Solutions' value of 8 is 60% above this benchmark. Historically, Asseco Business Solutions' own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Asseco Business Solutions 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,734 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. Asseco Business Solutions'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 Asseco Business Solutions 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. Asseco Business Solutions'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 Asseco Business Solutions stock overvalued right now?
Based on GuruFocus' analysis, Asseco Business Solutions (WAR:ABS) is currently considered Modestly Overvalued. The stock's GF Value™ is zł79.02, compared to a current price of zł88.00 — trading 11.4% above its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 60% above the Software industry median of 5.00. Asseco Business Solutions' overall GF Score™ is 93/100 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 Asseco Business Solutions (WAR:ABS), the current Piotroski F-Score is 8 as of Aug. 02, 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 Asseco Business Solutions (WAR:ABS) Overvalued in 2026?
Based on GuruFocus' analysis, Asseco Business Solutions stock appears to be overvalued.
The current stock price of zł88.00 is trading 11.4% above its estimated GF Value™ of zł79.02.
GuruFocus considers Asseco Business Solutions to be Modestly Overvalued.
Key valuation signals for WAR:ABS:
Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
GF Value™: zł79.02 vs. price of zł88.00 (11.4% above fair value)
Industry Position: 60% above the Software median (#36 of 2734)
No single metric tells the full story. See the WAR:ABS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asseco Business Solutions SA serves as a Competence Centre accountable for the development of ERP software, mobile reporting systems (SFA), factoring systems and software for SMEs. Its offering also includes the provision, adaptation, and configuration of business applications for enterprises, design, and construction of infrastructure at the client or in the outsourcing model, providing equipment and system software of renowned partners, training for client's personnel, service and remote support for users. The company generates most of its revenue from its ERP Systems segment mainly in Poland.
93GF Score
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