Render Cube (WAR:RND) Piotroski F-Score: 6 (As of Jul. 14, 2026) — 20% Above Median

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WAR:RND Render Cube SA WAR:RND
90 GF Score
Price zł76.20
GF Value zł106.50
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Render Cube Piotroski F-Score?

Render Cube WAR:RND +2.97% 90 Piotroski F-Score is 6 as of Jul. 14, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates WAR:RND with a GF Score™ of 90/100 and a GF Value™ of zł106.50 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 550 Interactive Media companies, Render Cube ranks better than 78.18% 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

Render Cube has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

WAR:RND' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 7
Current: 6

During the past 7 years, the highest Piotroski F-Score of Render Cube was 7. The lowest was 4. And the median was 5.

Render Cube  (WAR:RND) 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.


Render Cube Piotroski F-Score Related Terms


Render Cube Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Render Cube'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.

Render Cube Piotroski F-Score Chart

Render Cube Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A 6.00 5.00 7.00 5.00

Render Cube 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 4.00 4.00 4.00 5.00 6.00

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

For the Electronic Gaming & Multimedia subindustry, Render Cube'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.


Render Cube Piotroski F-Score vs Interactive Media Industry

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

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


WAR:RND
90GF Score
Render Cube SA WAR:RND
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 1.051 + 2.304 + 2.879 + 1.87 = zł8.10 Mil.
Cash Flow from Operations was 1.464 + 0.527 + 1.404 + 2.261 = zł5.66 Mil.
Revenue was 2.869 + 4.445 + 4.856 + 4.141 = zł16.31 Mil.
Gross Profit was 1.326 + 3.112 + 3.715 + 2.895 = zł11.05 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(44.117 + 45.073 + 32.499 + 35.135 + 37.306) / 5 = zł38.826 Mil.
Total Assets at the begining of this year (Mar25) was zł44.12 Mil.
Long-Term Debt & Capital Lease Obligation was zł0.00 Mil.
Total Current Assets was zł28.52 Mil.
Total Current Liabilities was zł1.01 Mil.
Net Income was 0.48 + 1.366 + 2.829 + 1.476 = zł6.15 Mil.

Revenue was 3.221 + 3.762 + 5.105 + 4.805 = zł16.89 Mil.
Gross Profit was 1.847 + 2.62 + 3.79 + 3.094 = zł11.35 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(42.425 + 43.986 + 39.664 + 42.441 + 44.117) / 5 = zł42.5266 Mil.
Total Assets at the begining of last year (Mar24) was zł42.43 Mil.
Long-Term Debt & Capital Lease Obligation was zł0.00 Mil.
Total Current Assets was zł31.15 Mil.
Total Current Liabilities was zł0.76 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.

Render Cube's current Net Income (TTM) was 8.10. ==> 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.

Render Cube's current Cash Flow from Operations (TTM) was 5.66. ==> 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)
=8.104/44.117
=0.18369336

ROA (Last Year)=Net Income/Total Assets (Mar24)
=6.151/42.425
=0.14498527

Render Cube's return on assets of this year was 0.18369336. Render Cube's return on assets of last year was 0.14498527. ==> 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.

Render Cube's current Net Income (TTM) was 8.10. Render Cube's current Cash Flow from Operations (TTM) was 5.66. ==> 5.66 <= 8.10 ==> 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
=0/38.826
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/42.5266
=0

Render Cube's gearing of this year was 0. Render Cube's gearing of last year was 0. ==> 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
=28.517/1.008
=28.2906746

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=31.146/0.764
=40.76701571

Render Cube's current ratio of this year was 28.2906746. Render Cube's current ratio of last year was 40.76701571. ==> 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.

Render Cube's number of shares in issue this year was 1.077. Render Cube's number of shares in issue last year was 1.077. ==> 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
=11.048/16.311
=0.67733431

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=11.351/16.893
=0.67193512

Render Cube's gross margin of this year was 0.67733431. Render Cube's gross margin of last year was 0.67193512. ==> 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)
=16.311/44.117
=0.36972142

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=16.893/42.425
=0.39818503

Render Cube's asset turnover of this year was 0.36972142. Render Cube's asset turnover of last year was 0.39818503. ==> 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
=1+1+1+0+1+0+1+1+0
=6

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

Render Cube has an F-score of 6 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 6 mean?
Render Cube (WAR:RND) has a Piotroski F-Score of 6 as of Jul. 14, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Render Cube and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Render Cube's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Render Cube ranks #120 out of 550 companies in the Interactive Media industry, placing it in the top 21.8%.
Is Render Cube's Piotroski F-Score too high?
Render Cube's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Interactive Media industry median Piotroski F-Score is 5.00. Render Cube's value of 6 is 20% above this industry median. Based on the distribution chart, Render Cube ranks #120 out of 550 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Render Cube has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Render Cube's Piotroski F-Score compare to NTES and EA?
According to the Interactive Media industry distribution chart, Render Cube ranks #120 out of 550 companies for Piotroski F-Score. This places Render Cube in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Render Cube's value of 6 is 20% above this benchmark. Historically, Render Cube's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Render Cube 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 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. Render Cube's current Piotroski F-Score of 6 is 20% 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 Render Cube 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. Render Cube's current Piotroski F-Score is 6, which is 20% 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 Render Cube stock overvalued right now?
Based on GuruFocus' analysis, Render Cube (WAR:RND) is currently considered Modestly Undervalued. The stock's GF Value™ is zł106.50, compared to a current price of zł76.20 — trading 28.5% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Interactive Media industry median of 5.00. Render Cube's overall GF Score™ is 90/100 with 6 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 Render Cube (WAR:RND), the current Piotroski F-Score is 6 as of Jul. 14, 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 Render Cube (WAR:RND) Overvalued in 2026?

Based on GuruFocus' analysis, Render Cube stock appears to be undervalued. The current stock price of zł76.20 is trading 28.5% below its estimated GF Value™ of zł106.50. GuruFocus considers Render Cube to be Modestly Undervalued.

Key valuation signals for WAR:RND:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: zł106.50 vs. price of zł76.20 (28.5% below fair value)
  • GF Score™: 90/100 with 6 warning signs
  • Industry Position: 20% above the Interactive Media median (#120 of 550)

No single metric tells the full story. See the WAR:RND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Render Cube Business Description

Address Piotrkowska 295 Lok. 7, Lodz, POL, 93-004
Render Cube SA is engaged in the development of video games. The company is focused on offering a game named Medieval Dynasty.
90GF Score

Get the complete analysis for WAR:RND

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

zł76.20
Price
zł106.50
GF Value