Grupa Klepsydra (WAR:KLE) Piotroski F-Score: 3 (As of Aug. 24, 2026) — 40% Below Median

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WAR:KLE Grupa Klepsydra SA WAR:KLE
36 GF Score
Price zł7.02
! 3 Warning Signs
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What is Grupa Klepsydra Piotroski F-Score?

Grupa Klepsydra WAR:KLE -0.28% 36 Piotroski F-Score is 3 as of Aug. 24, 2026, which is 40% below its 10-year median of 5.00. GuruFocus rates WAR:KLE with a GF Score™ of 36/100. The stock has 3 warning signs investors should review. Among 93 Personal Services companies, Grupa Klepsydra ranks worse than 82.8% 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

Grupa Klepsydra 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 Grupa Klepsydra's Piotroski F-Score or its related term are showing as below:

WAR:KLE' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 8
Current: 3

During the past 13 years, the highest Piotroski F-Score of Grupa Klepsydra was 8. The lowest was 1. And the median was 5.

Grupa Klepsydra  (WAR:KLE) 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.


Grupa Klepsydra Piotroski F-Score Related Terms


Grupa Klepsydra Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Grupa Klepsydra'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.

Grupa Klepsydra Piotroski F-Score Chart

Grupa Klepsydra 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 5.00 3.00 5.00 5.00 5.00

Grupa Klepsydra Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 7.00 7.00 5.00 4.00 3.00

WAR:KLE vs ROL, SCI, HRB: Piotroski F-Score Comparison

For the Personal Services subindustry, Grupa Klepsydra'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 Klepsydra Piotroski F-Score vs Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Grupa Klepsydra's Piotroski F-Score distribution charts can be found below:

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


WAR:KLE
36GF Score
Grupa Klepsydra SA WAR:KLE
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 (Jun26) TTM:Last Year (Jun25) TTM:
Net Income was 0.936 + 0.662 + 2.076 + 0.193 = zł3.87 Mil.
Cash Flow from Operations was 3.114 + 2.221 + -4.918 + -2.268 = zł-1.85 Mil.
Revenue was 14.521 + 15.561 + 18.289 + 17.703 = zł66.07 Mil.
Gross Profit was 7.89 + 8.132 + 10.375 + 9.257 = zł35.65 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(100.345 + 101.44 + 114.169 + 113.918 + 128.531) / 5 = zł111.6806 Mil.
Total Assets at the begining of this year (Jun25) was zł100.35 Mil.
Long-Term Debt & Capital Lease Obligation was zł18.33 Mil.
Total Current Assets was zł14.57 Mil.
Total Current Liabilities was zł9.49 Mil.
Net Income was 0.44 + 4.235 + 1.206 + 0.409 = zł6.29 Mil.

Revenue was 10.785 + 17.95 + 14.295 + 13.819 = zł56.85 Mil.
Gross Profit was 6.131 + 11.316 + 8.67 + 7.184 = zł33.30 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(93.016 + 92.549 + 97.842 + 100.217 + 100.345) / 5 = zł96.7938 Mil.
Total Assets at the begining of last year (Jun24) was zł93.02 Mil.
Long-Term Debt & Capital Lease Obligation was zł8.92 Mil.
Total Current Assets was zł16.04 Mil.
Total Current Liabilities was zł5.00 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.

Grupa Klepsydra's current Net Income (TTM) was 3.87. ==> 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.

Grupa Klepsydra's current Cash Flow from Operations (TTM) was -1.85. ==> Negative ==> Score 0.

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 (Jun25)
=3.867/100.345
=0.03853705

ROA (Last Year)=Net Income/Total Assets (Jun24)
=6.29/93.016
=0.06762277

Grupa Klepsydra's return on assets of this year was 0.03853705. Grupa Klepsydra's return on assets of last year was 0.06762277. ==> 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.

Grupa Klepsydra's current Net Income (TTM) was 3.87. Grupa Klepsydra's current Cash Flow from Operations (TTM) was -1.85. ==> -1.85 <= 3.87 ==> CFROA <= ROA ==> Score 0.

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: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun25 to Jun26
=18.329/111.6806
=0.16411982

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=8.924/96.7938
=0.09219599

Grupa Klepsydra's gearing of this year was 0.16411982. Grupa Klepsydra's gearing of last year was 0.09219599. ==> 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

Current Ratio (This Year: Jun26)=Total Current Assets/Total Current Liabilities
=14.571/9.494
=1.5347588

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=16.037/4.998
=3.20868347

Grupa Klepsydra's current ratio of this year was 1.5347588. Grupa Klepsydra's current ratio of last year was 3.20868347. ==> 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 Klepsydra's number of shares in issue this year was 23.857. Grupa Klepsydra's number of shares in issue last year was 23.857. ==> 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
=35.654/66.074
=0.53960711

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=33.301/56.849
=0.58577987

Grupa Klepsydra's gross margin of this year was 0.53960711. Grupa Klepsydra's gross margin of last year was 0.58577987. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jun25)
=66.074/100.345
=0.65846828

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=56.849/93.016
=0.61117442

Grupa Klepsydra's asset turnover of this year was 0.65846828. Grupa Klepsydra's asset turnover of last year was 0.61117442. ==> 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+0+0+0+0+0+1+0+1
=3

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

Grupa Klepsydra has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
Grupa Klepsydra (WAR:KLE) has a Piotroski F-Score of 3 as of Aug. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Grupa Klepsydra and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, Grupa Klepsydra's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Grupa Klepsydra ranks #77 out of 93 companies in the Personal Services industry, placing it in the top 82.8%.
Is Grupa Klepsydra's Piotroski F-Score too high?
Grupa Klepsydra'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 8.00. The Personal Services industry median Piotroski F-Score is 5.00. Grupa Klepsydra's value of 3 is 40% below this industry median. Based on the distribution chart, Grupa Klepsydra ranks #77 out of 93 companies in the Personal Services industry, which is in the bottom quartile relative to peers. Overall, Grupa Klepsydra has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Grupa Klepsydra's Piotroski F-Score compare to ROL and SCI?
According to the Personal Services industry distribution chart, Grupa Klepsydra ranks #77 out of 93 companies for Piotroski F-Score. This places Grupa Klepsydra in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Grupa Klepsydra's value of 3 is 40% below this benchmark. Historically, Grupa Klepsydra's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Grupa Klepsydra 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 Personal Services company?
The median Piotroski F-Score among Personal Services companies is 5.00, based on 93 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 Klepsydra's current Piotroski F-Score of 3 is 40% 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 Klepsydra and its competitors. For the Personal 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 Klepsydra'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 Grupa Klepsydra stock overvalued right now?
Grupa Klepsydra (WAR:KLE) has a current Piotroski F-Score of 3. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 40% below the Personal Services industry median of 5.00. Grupa Klepsydra's overall GF Score™ is 36/100 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 Klepsydra (WAR:KLE), the current Piotroski F-Score is 3 as of Aug. 24, 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.

Grupa Klepsydra Business Description

Other Exchanges 2EK:Germany
Address ul. Solec 5, Lodz, POL, 94-247
Grupa Klepsydra SA is a funeral company. It provides funeral and cremation services in Poland.
36GF Score

Get the complete analysis for WAR:KLE

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

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