Vidis (WAR:VDS) Piotroski F-Score: 9 (As of Jun. 27, 2026) — 50% Above Median


WAR:VDS Vidis SA WAR:VDS
79 GF Score
Price zł4.72
GF Value zł3.98
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Vidis Piotroski F-Score?

Vidis WAR:VDS -6.53% 79 Piotroski F-Score is 9 as of Jun. 27, 2026, which is 50% above its 10-year median of 6.00. GuruFocus rates WAR:VDS with a GF Score™ of 79/100 and a GF Value™ of zł3.98 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 2,426 Hardware companies, Vidis ranks better than 99.96% on this metric.

Good Sign:

Piotroski F-Score is 9, indicates a very healthy situation.

The zones of discrimination were as such:

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

Vidis has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

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

WAR:VDS' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 9

During the past 13 years, the highest Piotroski F-Score of Vidis was 9. The lowest was 3. And the median was 6.

Vidis  (WAR:VDS) 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.


Vidis Piotroski F-Score Related Terms


Vidis Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Vidis'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.

Vidis Piotroski F-Score Chart

Vidis Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 6.00 6.00 7.00 3.00

Vidis Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 5.00 4.00 3.00 5.00 9.00

WAR:VDS vs SNX, ARW, AVT: Piotroski F-Score Comparison

For the Electronics & Computer Distribution subindustry, Vidis'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.


Vidis Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, Vidis's Piotroski F-Score distribution charts can be found below:

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


WAR:VDS
79GF Score
Vidis SA WAR:VDS
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was -0.561 + -2.907 + 0.82 + 3.132 = zł0.48 Mil.
Cash Flow from Operations was -4.808 + 0.982 + 0.183 + 8.259 = zł4.62 Mil.
Revenue was 17.061 + 15.777 + 26.847 + 38.675 = zł98.36 Mil.
Gross Profit was 4.589 + 5.388 + 7.7 + 11.319 = zł29.00 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(43.558 + 44.262 + 51.773 + 48.068 + 43.678) / 5 = zł46.2678 Mil.
Total Assets at the begining of this year (Dec24) was zł43.56 Mil.
Long-Term Debt & Capital Lease Obligation was zł0.00 Mil.
Total Current Assets was zł32.20 Mil.
Total Current Liabilities was zł15.98 Mil.
Net Income was -1.443 + -1.002 + -0.257 + 1.73 = zł-0.97 Mil.

Revenue was 19.638 + 22.91 + 26.095 + 38.473 = zł107.12 Mil.
Gross Profit was 6.856 + 5.394 + 5.843 + 9.577 = zł27.67 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was
(55.121 + 49.61 + 51.376 + 46.835 + 43.558) / 5 = zł49.3 Mil.
Total Assets at the begining of last year (Dec23) was zł55.12 Mil.
Long-Term Debt & Capital Lease Obligation was zł0.00 Mil.
Total Current Assets was zł30.95 Mil.
Total Current Liabilities was zł16.68 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.

Vidis's current Net Income (TTM) was 0.48. ==> 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.

Vidis's current Cash Flow from Operations (TTM) was 4.62. ==> 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 (Dec24)
=0.484/43.558
=0.01111162

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-0.972/55.121
=-0.01763393

Vidis's return on assets of this year was 0.01111162. Vidis's return on assets of last year was -0.01763393. ==> 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.

Vidis's current Net Income (TTM) was 0.48. Vidis's current Cash Flow from Operations (TTM) was 4.62. ==> 4.62 > 0.48 ==> CFROA > ROA ==> Score 1.

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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=0/46.2678
=0

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0/49.3
=0

Vidis's gearing of this year was 0. Vidis'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: Dec25)=Total Current Assets/Total Current Liabilities
=32.195/15.981
=2.01457981

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=30.953/16.675
=1.85625187

Vidis's current ratio of this year was 2.01457981. Vidis's current ratio of last year was 1.85625187. ==> 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.

Vidis's number of shares in issue this year was 2.421. Vidis's number of shares in issue last year was 2.421. ==> 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
=28.996/98.36
=0.29479463

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=27.67/107.116
=0.25831809

Vidis's gross margin of this year was 0.29479463. Vidis's gross margin of last year was 0.25831809. ==> 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 (Dec24)
=98.36/43.558
=2.25813857

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=107.116/55.121
=1.9432884

Vidis's asset turnover of this year was 2.25813857. Vidis's asset turnover of last year was 1.9432884. ==> 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+1+1+1+1+1+1+1+1
=9

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

Vidis has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 9 mean?
Vidis (WAR:VDS) has a Piotroski F-Score of 9 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Vidis and its competitors. This is 50% above median its historical median of 6.00. Over the past decade, Vidis' Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Vidis ranks #1 out of 2426 companies in the Hardware industry, placing it in the top 0%.
Is Vidis' Piotroski F-Score too high?
Vidis' current Piotroski F-Score of 9 is 50% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Hardware industry median Piotroski F-Score is 5.00. Vidis' value of 9 is 80% above this industry median. Based on the distribution chart, Vidis ranks #1 out of 2426 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Vidis has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vidis' Piotroski F-Score compare to SNX and ARW?
According to the Hardware industry distribution chart, Vidis ranks #1 out of 2426 companies for Piotroski F-Score. This places Vidis in the top 0% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Vidis' value of 9 is 80% above this benchmark. Historically, Vidis' own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Vidis 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 a Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,426 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. Vidis's current Piotroski F-Score of 9 is 80% 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 Vidis and its competitors. For the Hardware 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. Vidis's current Piotroski F-Score is 9, which is 50% above 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 Vidis stock overvalued right now?
Based on GuruFocus' analysis, Vidis (WAR:VDS) is currently considered Modestly Overvalued. The stock's GF Value™ is zł3.98, compared to a current price of zł4.72 — trading 18.6% above its estimated fair value. The current Piotroski F-Score is 9, which is 50% above median its 10-year median of 6.00 and 80% above the Hardware industry median of 5.00. Vidis' overall GF Score™ is 79/100 with 5 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 Vidis (WAR:VDS), the current Piotroski F-Score is 9 as of Jun. 27, 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 Vidis (WAR:VDS) Overvalued in 2026?

Based on GuruFocus' analysis, Vidis stock appears to be overvalued. The current stock price of zł4.72 is trading 18.6% above its estimated GF Value™ of zł3.98. GuruFocus considers Vidis to be Modestly Overvalued.

Key valuation signals for WAR:VDS:

  • Piotroski F-Score: 9 (50% above median its 10-year median of 6.00)
  • GF Value™: zł3.98 vs. price of zł4.72 (18.6% above fair value)
  • GF Score™: 79/100 with 5 warning signs
  • Industry Position: 80% above the Hardware median (#1 of 2426)

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


Vidis Business Description

Address Ulica Logistyczna 4, Bielany Wroclawskie, Kobierzyce, POL, 55-040
Vidis SA is a distributor of audio-visual devices. Its products include education and business - projectors, projection screens and accessories, interactive boards and monitors, as well as office accessories. The company distributes products of universal brands such as Esselte, Kensington, Aqualite, SmartMetals, Yamaha UC, JIMU Robots, among others.
79GF Score

Get the complete analysis for WAR:VDS

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

zł4.72
Price
zł3.98
GF Value