Acciona (WBO:ANA) Piotroski F-Score: 6 (As of Jun. 26, 2026) — Near Median


WBO:ANA Acciona SA WBO:ANA
79 GF Score
Price €268.40
GF Value €158.16
Valuation Significantly Overvalued
! 10 Warning Signs
View Full Analysis

What is Acciona Piotroski F-Score?

Acciona WBO:ANA -1.18% 79 Piotroski F-Score is 6 as of Jun. 26, 2026, which is at its 10-year median of 6.00. GuruFocus rates WBO:ANA with a GF Score™ of 79/100 and a GF Value™ of €158.16 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 1,735 Construction companies, Acciona ranks better than 74.24% 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

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

WBO:ANA' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Acciona was 8. The lowest was 4. And the median was 6.

Acciona  (WBO:ANA) 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.


Acciona Piotroski F-Score Related Terms


Acciona Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Acciona'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.

Acciona Piotroski F-Score Chart

Acciona 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 7.00 6.00 6.00 5.00 6.00

Acciona Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 6.00 0.00 5.00 0.00 6.00

WBO:ANA vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, Acciona'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.


Acciona Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Acciona's Piotroski F-Score distribution charts can be found below:

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


WBO:ANA
79GF Score
Acciona SA WBO:ANA
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 €803 Mil.
Cash Flow from Operations was €2,148 Mil.
Revenue was €20,236 Mil.
Gross Profit was €13,710 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (34620 + 35850) / 2 = €35235 Mil.
Total Assets at the begining of this year (Dec24) was €34,620 Mil.
Long-Term Debt & Capital Lease Obligation was €11,452 Mil.
Total Current Assets was €15,731 Mil.
Total Current Liabilities was €13,239 Mil.
Net Income was €422 Mil.

Revenue was €19,190 Mil.
Gross Profit was €12,131 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (31650 + 34620) / 2 = €33135 Mil.
Total Assets at the begining of last year (Dec23) was €31,650 Mil.
Long-Term Debt & Capital Lease Obligation was €9,665 Mil.
Total Current Assets was €14,238 Mil.
Total Current Liabilities was €14,242 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.

Acciona's current Net Income (TTM) was 803. ==> 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.

Acciona's current Cash Flow from Operations (TTM) was 2,148. ==> 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)
=803/34620
=0.02319469

ROA (Last Year)=Net Income/Total Assets (Dec23)
=422/31650
=0.01333333

Acciona's return on assets of this year was 0.02319469. Acciona's return on assets of last year was 0.01333333. ==> 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.

Acciona's current Net Income (TTM) was 803. Acciona's current Cash Flow from Operations (TTM) was 2,148. ==> 2,148 > 803 ==> 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
=11452/35235
=0.32501774

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=9665/33135
=0.29168553

Acciona's gearing of this year was 0.32501774. Acciona's gearing of last year was 0.29168553. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=15731/13239
=1.18823174

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=14238/14242
=0.99971914

Acciona's current ratio of this year was 1.18823174. Acciona's current ratio of last year was 0.99971914. ==> 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.

Acciona's number of shares in issue this year was 54.485. Acciona's number of shares in issue last year was 54.477. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=13710/20236
=0.67750544

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=12131/19190
=0.63215216

Acciona's gross margin of this year was 0.67750544. Acciona's gross margin of last year was 0.63215216. ==> 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)
=20236/34620
=0.58451762

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=19190/31650
=0.60631912

Acciona's asset turnover of this year was 0.58451762. Acciona's asset turnover of last year was 0.60631912. ==> 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+1+0+1+0+1+0
=6

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

Acciona 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?
Acciona (WBO:ANA) has a Piotroski F-Score of 6 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Acciona and its competitors. This is near median its historical median of 6.00. Over the past decade, Acciona's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Acciona ranks #447 out of 1735 companies in the Construction industry, placing it in the top 25.8%.
Is Acciona's Piotroski F-Score too high?
Acciona's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Construction industry median Piotroski F-Score is 5.00. Acciona's value of 6 is 20% above this industry median. Based on the distribution chart, Acciona ranks #447 out of 1735 companies in the Construction industry, which is above the industry midpoint. Overall, Acciona has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Acciona's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Acciona ranks #447 out of 1735 companies for Piotroski F-Score. This puts Acciona in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Acciona's value of 6 is 20% above this benchmark. Historically, Acciona's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Acciona 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,735 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. Acciona'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 Acciona and its competitors. For the Construction 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. Acciona's current Piotroski F-Score is 6, which is near 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 Acciona stock overvalued right now?
Based on GuruFocus' analysis, Acciona (WBO:ANA) is currently considered Significantly Overvalued. The stock's GF Value™ is €158.16, compared to a current price of €268.40 — trading 69.7% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Construction industry median of 5.00. Acciona's overall GF Score™ is 79/100 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 Acciona (WBO:ANA), the current Piotroski F-Score is 6 as of Jun. 26, 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 Acciona (WBO:ANA) Overvalued in 2026?

Based on GuruFocus' analysis, Acciona stock appears to be overvalued. The current stock price of €268.40 is trading 69.7% above its estimated GF Value™ of €158.16. GuruFocus considers Acciona to be Significantly Overvalued.

Key valuation signals for WBO:ANA:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: €158.16 vs. price of €268.40 (69.7% above fair value)
  • GF Score™: 79/100 with 10 warning signs
  • Industry Position: 20% above the Construction median (#447 of 1735)

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


Acciona Business Description

Address Avenida de Europa 18, Parque Empresarial La Moraleja, Alcobendas, Madrid, ESP, 28108
Acciona SA is an engineering and construction firm providing sustainable solutions for infrastructure and renewable energy projects across the world. It works in various phases, from design and construction to operations and maintenance. The company operates two business divisions energy and infrastructure. The infrastructure division encompasses construction, water treatment, industrial, and service business lines. Projects may be granted under concessions from governments or acquired independently when Acciona identifies an opportunity. Energy developments focus on renewable technologies and primarily revolve around wind, solar, hydro, and biomass. The company has a presence on five continents and utilizes an organizational structure to ensure availability.
79GF Score

Get the complete analysis for WBO:ANA

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

€268.40
Price
€158.16
GF Value