ING Bank SlaskiWAR:ING -0.53%72 Piotroski F-Score is 3 as of Jun. 25, 2026, which is 40% below its 10-year median of 5.00. GuruFocus rates WAR:ING with a GF Score™ of 72/100 and a GF Value™ of zł319.65 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 1,497 Banks companies, ING Bank Slaski ranks worse than 88.11% on this metric.
Warning Sign:
Piotroski F-Score of 3 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
ING Bank Slaski has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for ING Bank Slaski's Piotroski F-Score or its related term are showing as below:
WAR:ING'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 5 Max: 9
Current: 3
During the past 13 years, the highest Piotroski F-Score of ING Bank Slaski was 9. The lowest was 1. And the median was 5.
ING Bank Slaski (WAR:ING) 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.
ING Bank Slaski Piotroski F-Score Related Terms
ING Bank Slaski Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for ING Bank Slaski'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.
For the Banks - Regional subindustry, ING Bank Slaski'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.
ING Bank Slaski Piotroski F-Score vs Banks Industry
For the Banks industry and Financial Services sector, ING Bank Slaski's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where ING Bank Slaski'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.
This Year (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 1135 + 1112 + 1372 + 823 = zł4,442 Mil. Cash Flow from Operations was 3836 + -8407 + -1515 + 18648 = zł12,562 Mil. Revenue was 2909 + 2946 + 3057 + 3036 = zł11,948 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(269167 + 281980 + 282996 + 282025 + 302946) / 5 = zł283822.8 Mil. Total Assets at the begining of this year (Mar25) was zł269,167 Mil. Long-Term Debt & Capital Lease Obligation was zł18,553 Mil. Total Assets was zł302,946 Mil. Total Liabilities was zł282,361 Mil.
Net Income was 965 + 1102 + 1309 + 1014 = zł4,390 Mil.
Revenue was 2695 + 2909 + 2897 + 2910 = zł11,411 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(252720.7 + 249278.5 + 254420.2 + 260359 + 269167) / 5 = zł257189.08 Mil. Total Assets at the begining of last year (Mar24) was zł252,721 Mil. Long-Term Debt & Capital Lease Obligation was zł15,898 Mil. Total Assets was zł269,167 Mil. Total Liabilities was zł250,358 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.
ING Bank Slaski's current Net Income (TTM) was 4,442.
==> 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.
ING Bank Slaski's return on assets of this year was 0.01650277. ING Bank Slaski's return on assets of last year was 0.01737096.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
ING Bank Slaski's gearing of this year was 0.06536825. ING Bank Slaski's gearing of last year was 0.06181444.
==> Last year is lower than this year ==> Score 0.
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
* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.
ING Bank Slaski's current ratio of this year was 1.07290313. ING Bank Slaski's current ratio of last year was 1.07512842.
==> 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.
ING Bank Slaski's number of shares in issue this year was 130.206. ING Bank Slaski's number of shares in issue last year was 130.145.
==> 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.
* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.
ING Bank Slaski's net margin of this year was 0.3717777. ING Bank Slaski's net margin of last year was 0.3847165.
==> Last year's net 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
ING Bank Slaski's asset turnover of this year was 0.0443888. ING Bank Slaski's asset turnover of last year was 0.04515261.
==> 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
ING Bank Slaski has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
ING Bank Slaski (WAR:ING) has a Piotroski F-Score of 3 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on ING Bank Slaski and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, ING Bank Slaski's Piotroski F-Score has ranged from 1.00 to 9.00. According to the industry distribution chart, ING Bank Slaski ranks #1319 out of 1497 companies in the Banks industry, placing it in the top 88.1%.
Is ING Bank Slaski's Piotroski F-Score too high?
ING Bank Slaski's current Piotroski F-Score of 3 is 40% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 9.00. The Banks industry median Piotroski F-Score is 6.00. ING Bank Slaski's value of 3 is 50% below this industry median. Based on the distribution chart, ING Bank Slaski ranks #1319 out of 1497 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, ING Bank Slaski has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ING Bank Slaski's Piotroski F-Score compare to PNC?
According to the Banks industry distribution chart, ING Bank Slaski ranks #1319 out of 1497 companies for Piotroski F-Score. This places ING Bank Slaski in the lower half of its industry. The industry median Piotroski F-Score is 6.00. ING Bank Slaski's value of 3 is 50% below this benchmark. Historically, ING Bank Slaski's own Piotroski F-Score has ranged from 1.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, ING Bank Slaski 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 Banks company?
The median Piotroski F-Score among Banks companies is 6.00, based on 1,497 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. ING Bank Slaski's current Piotroski F-Score of 3 is 50% 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 ING Bank Slaski and its competitors. For the Banks 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. ING Bank Slaski's current Piotroski F-Score is 3, which is 40% below 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 ING Bank Slaski stock overvalued right now?
Based on GuruFocus' analysis, ING Bank Slaski (WAR:ING) is currently considered Significantly Overvalued. The stock's GF Value™ is zł319.65, compared to a current price of zł448.20 — trading 40.2% above its estimated fair value. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 50% below the Banks industry median of 6.00. ING Bank Slaski's overall GF Score™ is 72/100 with 10 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 ING Bank Slaski (WAR:ING), the current Piotroski F-Score is 3 as of Jun. 25, 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 ING Bank Slaski (WAR:ING) Overvalued in 2026?
Based on GuruFocus' analysis, ING Bank Slaski stock appears to be overvalued.
The current stock price of zł448.20 is trading 40.2% above its estimated GF Value™ of zł319.65.
GuruFocus considers ING Bank Slaski to be Significantly Overvalued.
Key valuation signals for WAR:ING:
Piotroski F-Score: 3 (40% below median its 10-year median of 5.00)
GF Value™: zł319.65 vs. price of zł448.20 (40.2% above fair value)
Industry Position: 50% below the Banks median (#1319 of 1497)
No single metric tells the full story. See the WAR:ING stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ING Bank Slaski SA offers a broad range of banking services rendered to individual and institutional clients in line with the scope of services outlined in the Bank's charter. The Bank runs operations both in the home currency and in foreign currencies. Additionally, through subsidiaries, the Group conducts leasing and factoring activity, advisory and acts as a financial intermediary as well as provides other financial services. The Group's business model includes the division of clients into two main segments namely the retail banking segment and corporate banking segment. The Group pursues business within the territory of the Republic of Poland.
72GF Score
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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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