CENTURION FINANCE (WAR:CTF) Piotroski F-Score: 8 (As of Jul. 01, 2026) — 60% Above Median


What is CENTURION FINANCE Piotroski F-Score?

CENTURION FINANCE WAR:CTF +1.00% Piotroski F-Score is 8 as of Jul. 01, 2026, which is 60% above its 10-year median of 5.00. The stock has 3 warning signs investors should review. Among 1,594 Asset Management companies, CENTURION FINANCE ranks better than 99.25% 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

CENTURION FINANCE 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 CENTURION FINANCE's Piotroski F-Score or its related term are showing as below:

WAR:CTF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of CENTURION FINANCE was 9. The lowest was 3. And the median was 5.

CENTURION FINANCE  (WAR:CTF) 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.


CENTURION FINANCE Piotroski F-Score Related Terms


CENTURION FINANCE Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for CENTURION FINANCE'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.

CENTURION FINANCE Piotroski F-Score Chart

CENTURION FINANCE Annual Data
Trend Dec14 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 6.00 3.00 5.00 6.00

CENTURION FINANCE 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 3.00 5.00 4.00 6.00 8.00

WAR:CTF vs BLK, BX, KKR: Piotroski F-Score Comparison

For the Asset Management subindustry, CENTURION FINANCE'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.


CENTURION FINANCE Piotroski F-Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, CENTURION FINANCE's Piotroski F-Score distribution charts can be found below:

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


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 -0.089 + 0.72 + 1.851 + 0.412 = zł2.89 Mil.
Cash Flow from Operations was 1.216 + -1.396 + 3.606 + -0.1 = zł3.33 Mil.
Revenue was 0.28 + 0.925 + 1.976 + 0.294 = zł3.48 Mil.
Gross Profit was 0.277 + 0.911 + 1.933 + 0.29 = zł3.41 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(8.629 + 12.77 + 12.739 + 13.021 + 15.415) / 5 = zł12.5148 Mil.
Total Assets at the begining of this year (Mar25) was zł8.63 Mil.
Long-Term Debt & Capital Lease Obligation was zł0.00 Mil.
Total Current Assets was zł14.50 Mil.
Total Current Liabilities was zł6.19 Mil.
Net Income was -1.998 + 1.496 + -0.158 + 0.705 = zł0.05 Mil.

Revenue was -0.025 + -0.365 + -0.178 + 0.652 = zł0.08 Mil.
Gross Profit was -0.03 + -0.369 + -0.211 + 0.65 = zł0.04 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(17.883 + 12.068 + 13.772 + 9.204 + 8.629) / 5 = zł12.3112 Mil.
Total Assets at the begining of last year (Mar24) was zł17.88 Mil.
Long-Term Debt & Capital Lease Obligation was zł0.38 Mil.
Total Current Assets was zł7.82 Mil.
Total Current Liabilities was zł1.97 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.

CENTURION FINANCE's current Net Income (TTM) was 2.89. ==> 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.

CENTURION FINANCE's current Cash Flow from Operations (TTM) was 3.33. ==> 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)
=2.894/8.629
=0.33538069

ROA (Last Year)=Net Income/Total Assets (Mar24)
=0.045/17.883
=0.00251636

CENTURION FINANCE's return on assets of this year was 0.33538069. CENTURION FINANCE's return on assets of last year was 0.00251636. ==> 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.

CENTURION FINANCE's current Net Income (TTM) was 2.89. CENTURION FINANCE's current Cash Flow from Operations (TTM) was 3.33. ==> 3.33 > 2.89 ==> 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
=0/12.5148
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0.375/12.3112
=0.03046007

CENTURION FINANCE's gearing of this year was 0. CENTURION FINANCE's gearing of last year was 0.03046007. ==> 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
=14.502/6.192
=2.34205426

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=7.82/1.969
=3.97155917

CENTURION FINANCE's current ratio of this year was 2.34205426. CENTURION FINANCE's current ratio of last year was 3.97155917. ==> 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.

CENTURION FINANCE's number of shares in issue this year was 87.079. CENTURION FINANCE's number of shares in issue last year was 87.079. ==> 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
=3.411/3.475
=0.98158273

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0.04/0.084
=0.47619048

CENTURION FINANCE's gross margin of this year was 0.98158273. CENTURION FINANCE's gross margin of last year was 0.47619048. ==> 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)
=3.475/8.629
=0.40271179

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=0.084/17.883
=0.0046972

CENTURION FINANCE's asset turnover of this year was 0.40271179. CENTURION FINANCE's asset turnover of last year was 0.0046972. ==> 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+1+1+0+1+1+1
=8

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

CENTURION FINANCE 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?
CENTURION FINANCE (WAR:CTF) has a Piotroski F-Score of 8 as of Jul. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on CENTURION FINANCE and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, CENTURION FINANCE's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, CENTURION FINANCE ranks #12 out of 1594 companies in the Asset Management industry, placing it in the top 0.8%.
Is CENTURION FINANCE's Piotroski F-Score too high?
CENTURION FINANCE's current Piotroski F-Score of 8 is 60% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Asset Management industry median Piotroski F-Score is 5.00. CENTURION FINANCE's value of 8 is 60% above this industry median. Based on the distribution chart, CENTURION FINANCE ranks #12 out of 1594 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers.
How does CENTURION FINANCE's Piotroski F-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, CENTURION FINANCE ranks #12 out of 1594 companies for Piotroski F-Score. This places CENTURION FINANCE in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. CENTURION FINANCE's value of 8 is 60% above this benchmark. Historically, CENTURION FINANCE's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, CENTURION FINANCE 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 Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,594 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. CENTURION FINANCE'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 CENTURION FINANCE and its competitors. For the Asset Management 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. CENTURION FINANCE's current Piotroski F-Score is 8, which is 60% above 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 CENTURION FINANCE stock overvalued right now?
CENTURION FINANCE (WAR:CTF) has a current Piotroski F-Score of 8. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 60% above the Asset Management industry median of 5.00. 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 CENTURION FINANCE (WAR:CTF), the current Piotroski F-Score is 8 as of Jul. 01, 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.

CENTURION FINANCE Business Description

Address Street Aleksandra Zajaca 22, Katowice, POL, 40-749
CENTURION FINANCE SA is an investment company. The company is engaged in investing in the segment of Private Equity and Venture Capital in Poland and other countries.