Polski Holding Rozwoju (WAR:PRH) Piotroski F-Score: 4 (As of Jun. 25, 2026) — Near Median


WAR:PRH Polski Holding Rozwoju SA WAR:PRH
31 GF Score
Price zł2.88
! 4 Warning Signs
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What is Polski Holding Rozwoju Piotroski F-Score?

Polski Holding Rozwoju WAR:PRH +6.61% 31 Piotroski F-Score is 4 as of Jun. 25, 2026, which is at its 10-year median of 4.00. GuruFocus rates WAR:PRH with a GF Score™ of 31/100. The stock has 4 warning signs investors should review. Among 550 Interactive Media companies, Polski Holding Rozwoju ranks worse than 61.45% on this metric.

The zones of discrimination were as such:

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

Polski Holding Rozwoju has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Polski Holding Rozwoju's Piotroski F-Score or its related term are showing as below:

WAR:PRH' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 6
Current: 4

During the past 8 years, the highest Piotroski F-Score of Polski Holding Rozwoju was 6. The lowest was 2. And the median was 4.

Polski Holding Rozwoju  (WAR:PRH) 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.


Polski Holding Rozwoju Piotroski F-Score Related Terms


Polski Holding Rozwoju Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Polski Holding Rozwoju'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.

Polski Holding Rozwoju Piotroski F-Score Chart

Polski Holding Rozwoju Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 5.00 2.00 N/A N/A 5.00

Polski Holding Rozwoju 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 N/A 3.00 N/A 5.00 4.00

WAR:PRH vs NTES, EA, TTWO: Piotroski F-Score Comparison

For the Electronic Gaming & Multimedia subindustry, Polski Holding Rozwoju'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.


Polski Holding Rozwoju Piotroski F-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Polski Holding Rozwoju's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Polski Holding Rozwoju's Piotroski F-Score falls into.


WAR:PRH
31GF Score
Polski Holding Rozwoju SA WAR:PRH
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was -0.141 + -0.145 + 0.496 + -0.595 = zł-0.39 Mil.
Cash Flow from Operations was -0.123 + -0.104 + -0.498 + 0.033 = zł-0.69 Mil.
Revenue was 0.058 + 0.034 + 0.074 + 0.017 = zł0.18 Mil.
Gross Profit was 0 + 0.01 + -0.041 + 0.003 = zł-0.03 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(4.452 + 4.437 + 4.455 + 7.148 + 6.915) / 5 = zł5.4814 Mil.
Total Assets at the begining of this year (Mar25) was zł4.45 Mil.
Long-Term Debt & Capital Lease Obligation was zł0.27 Mil.
Total Current Assets was zł0.83 Mil.
Total Current Liabilities was zł0.81 Mil.
Net Income was -0.009 + -0.093 + -0.1 + -0.084 = zł-0.29 Mil.

Revenue was 0 + 0 + 0 + 0.002 = zł0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = zł0.00 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(0.018 + 0.031 + 4.098 + 4.205 + 4.452) / 5 = zł2.5608 Mil.
Total Assets at the begining of last year (Mar24) was zł0.02 Mil.
Long-Term Debt & Capital Lease Obligation was zł0.44 Mil.
Total Current Assets was zł0.34 Mil.
Total Current Liabilities was zł0.48 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.

Polski Holding Rozwoju's current Net Income (TTM) was -0.39. ==> 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.

Score 1 if positive, 0 if negative.

Polski Holding Rozwoju's current Cash Flow from Operations (TTM) was -0.69. ==> 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 (Mar25)
=-0.385/4.452
=-0.08647799

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-0.286/0.018
=-15.88888889

Polski Holding Rozwoju's return on assets of this year was -0.08647799. Polski Holding Rozwoju's return on assets of last year was -15.88888889. ==> 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.

Polski Holding Rozwoju's current Net Income (TTM) was -0.39. Polski Holding Rozwoju's current Cash Flow from Operations (TTM) was -0.69. ==> -0.69 <= -0.39 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=0.268/5.4814
=0.04889262

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0.444/2.5608
=0.17338332

Polski Holding Rozwoju's gearing of this year was 0.04889262. Polski Holding Rozwoju's gearing of last year was 0.17338332. ==> 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
=0.827/0.811
=1.01972873

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=0.335/0.484
=0.69214876

Polski Holding Rozwoju's current ratio of this year was 1.01972873. Polski Holding Rozwoju's current ratio of last year was 0.69214876. ==> 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.

Polski Holding Rozwoju's number of shares in issue this year was 46.8. Polski Holding Rozwoju's number of shares in issue last year was 46.8. ==> 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
=-0.028/0.183
=-0.15300546

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0/0.002
=0

Polski Holding Rozwoju's gross margin of this year was -0.15300546. Polski Holding Rozwoju's gross margin of last year was 0. ==> 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 (Mar25)
=0.183/4.452
=0.04110512

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=0.002/0.018
=0.11111111

Polski Holding Rozwoju's asset turnover of this year was 0.04110512. Polski Holding Rozwoju's asset turnover of last year was 0.11111111. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+0+1+0+1+1+1+0+0
=4

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

Polski Holding Rozwoju has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
Polski Holding Rozwoju (WAR:PRH) has a Piotroski F-Score of 4 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Polski Holding Rozwoju and its competitors. This is near median its historical median of 4.00. Over the past decade, Polski Holding Rozwoju's Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Polski Holding Rozwoju ranks #338 out of 550 companies in the Interactive Media industry, placing it in the top 61.5%.
Is Polski Holding Rozwoju's Piotroski F-Score too high?
Polski Holding Rozwoju's current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 6.00. The Interactive Media industry median Piotroski F-Score is 5.00. Polski Holding Rozwoju's value of 4 is 20% below this industry median. Based on the distribution chart, Polski Holding Rozwoju ranks #338 out of 550 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Polski Holding Rozwoju has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Polski Holding Rozwoju's Piotroski F-Score compare to NTES and EA?
According to the Interactive Media industry distribution chart, Polski Holding Rozwoju ranks #338 out of 550 companies for Piotroski F-Score. This places Polski Holding Rozwoju in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Polski Holding Rozwoju's value of 4 is 20% below this benchmark. Historically, Polski Holding Rozwoju's own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Polski Holding Rozwoju 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 an Interactive Media company?
The median Piotroski F-Score among Interactive Media companies is 5.00, based on 550 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. Polski Holding Rozwoju's current Piotroski F-Score of 4 is 20% 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 Polski Holding Rozwoju and its competitors. For the Interactive Media 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. Polski Holding Rozwoju's current Piotroski F-Score is 4, which is near median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polski Holding Rozwoju stock overvalued right now?
Polski Holding Rozwoju (WAR:PRH) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Interactive Media industry median of 5.00. Polski Holding Rozwoju's overall GF Score™ is 31/100 with 4 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 Polski Holding Rozwoju (WAR:PRH), the current Piotroski F-Score is 4 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.

Polski Holding Rozwoju Business Description

Address ul. Tadeusza Czackiego 3/5, lok. 405, Warsaw, POL, 00-043
Polski Holding Rozwoju SA Formerly Red Dev Studio SA is a Poland based company engaged in producing games for stationary and mobile platforms.
31GF Score

Get the complete analysis for WAR:PRH

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

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