Grupa HRCWAR:HRC +7.77%40 Piotroski F-Score is 2 as of Jul. 07, 2026, which is 67% below its 10-year median of 6.00. GuruFocus rates WAR:HRC with a GF Score™ of 40/100 and a GF Value™ of zł0.58 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,065 Business Services companies, Grupa HRC ranks worse than 94.55% on this metric.
Warning Sign:
Piotroski F-Score of 2 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Grupa HRC has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Grupa HRC's Piotroski F-Score or its related term are showing as below:
WAR:HRC'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 6 Max: 8
Current: 2
During the past 13 years, the highest Piotroski F-Score of Grupa HRC was 8. The lowest was 2. And the median was 6.
Grupa HRC (WAR:HRC) 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.
Grupa HRC Piotroski F-Score Related Terms
Grupa HRC Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Grupa HRC'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.
WAR:HRC vs KFY, RHI, TNET: Piotroski F-Score Comparison
For the Staffing & Employment Services subindustry, Grupa HRC'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.
Grupa HRC Piotroski F-Score vs Business Services Industry
For the Business Services industry and Industrials sector, Grupa HRC's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Grupa HRC'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.
Grupa HRC's current Net Income (TTM) was -0.04.
==> Negative ==> Score 0.
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.
Grupa HRC's return on assets of this year was -0.02543605. Grupa HRC's return on assets of last year was 0.07005389.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Grupa HRC's current ratio of this year was 2.81428571. Grupa HRC's current ratio of last year was 5.20930233.
==> 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.
Grupa HRC's number of shares in issue this year was 8.5. Grupa HRC's number of shares in issue last year was 8.5.
==> 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.
Grupa HRC's gross margin of this year was 0.94465649. Grupa HRC's gross margin of last year was 0.98049415.
==> 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
Grupa HRC's asset turnover of this year was 0.38081395. Grupa HRC's asset turnover of last year was 0.59199384.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Grupa HRC has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
Grupa HRC (WAR:HRC) has a Piotroski F-Score of 2 as of Jul. 07, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Grupa HRC and its competitors. This is 67% below median its historical median of 6.00. Over the past decade, Grupa HRC's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Grupa HRC ranks #1007 out of 1065 companies in the Business Services industry, placing it in the top 94.6%.
Is Grupa HRC's Piotroski F-Score too high?
Grupa HRC's current Piotroski F-Score of 2 is 67% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Business Services industry median Piotroski F-Score is 5.00. Grupa HRC's value of 2 is 60% below this industry median. Based on the distribution chart, Grupa HRC ranks #1007 out of 1065 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Grupa HRC has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Grupa HRC's Piotroski F-Score compare to KFY and RHI?
According to the Business Services industry distribution chart, Grupa HRC ranks #1007 out of 1065 companies for Piotroski F-Score. This places Grupa HRC in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Grupa HRC's value of 2 is 60% below this benchmark. Historically, Grupa HRC's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Grupa HRC 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,065 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. Grupa HRC's current Piotroski F-Score of 2 is 60% 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 Grupa HRC and its competitors. For the Business Services 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. Grupa HRC's current Piotroski F-Score is 2, which is 67% 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 Grupa HRC stock overvalued right now?
Based on GuruFocus' analysis, Grupa HRC (WAR:HRC) is currently considered Significantly Overvalued. The stock's GF Value™ is zł0.58, compared to a current price of zł1.04 — trading 79.3% above its estimated fair value. The current Piotroski F-Score is 2, which is 67% below median its 10-year median of 6.00 and 60% below the Business Services industry median of 5.00. Grupa HRC's overall GF Score™ is 40/100 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 Grupa HRC (WAR:HRC), the current Piotroski F-Score is 2 as of Jul. 07, 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 Grupa HRC (WAR:HRC) Overvalued in 2026?
Based on GuruFocus' analysis, Grupa HRC stock appears to be overvalued.
The current stock price of zł1.04 is trading 79.3% above its estimated GF Value™ of zł0.58.
GuruFocus considers Grupa HRC to be Significantly Overvalued.
Key valuation signals for WAR:HRC:
Piotroski F-Score: 2 (67% below median its 10-year median of 6.00)
GF Value™: zł0.58 vs. price of zł1.04 (79.3% above fair value)
Industry Position: 60% below the Business Services median (#1007 of 1065)
No single metric tells the full story. See the WAR:HRC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grupa HRC SA is engaged in providing clients with comprehensive services in recruitment and HR consulting, achieving and maintaining quality services, the continuous broadening portfolio of services and clients. The company's services include Direct Search, Executive Search, Consulting, Tests, Outplacement, Labor Law and EU projects.
40GF Score
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