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Zarneni Hrani OXBUL:ZHBG Piotroski F-Score is 6 as of Aug. 08, 2026, which is 25% below its 10-year median of 8.00. The stock has 4 warning signs investors should review. Among 1,909 Consumer Packaged Goods companies, Zarneni Hrani O ranks better than 72.76% 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
Zarneni Hrani O 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 Zarneni Hrani O's Piotroski F-Score or its related term are showing as below:
XBUL:ZHBG'
s Piotroski F-Score Range Over the Past 10 Years
Min: 6 Med: 8 Max: 8
Current: 6
During the past 13 years, the highest Piotroski F-Score of Zarneni Hrani O was 8. The lowest was 6. And the median was 8.
Zarneni Hrani O (XBUL:ZHBG) 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.
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.
Zarneni Hrani O Piotroski F-Score Related Terms
Zarneni Hrani O Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Zarneni Hrani O'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.
XBUL:ZHBG vs ADM, BG, TSN: Piotroski F-Score Comparison
For the Farm Products subindustry, Zarneni Hrani O'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.
Zarneni Hrani O Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Zarneni Hrani O's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Zarneni Hrani O's Piotroski F-Score falls into.
* 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.
*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.
Zarneni Hrani O's current Net Income (TTM) was 1.86.
==> 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.
Zarneni Hrani O's return on assets of this year was 0.00873792. Zarneni Hrani O's return on assets of last year was 0.01071036.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Zarneni Hrani O's gearing of this year was 0.05726759. Zarneni Hrani O's gearing of last year was 0.07242661.
==> 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
Zarneni Hrani O's current ratio of this year was 3.22540036. Zarneni Hrani O's current ratio of last year was 3.4333142.
==> 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.
Zarneni Hrani O's number of shares in issue this year was 195.66. Zarneni Hrani O's number of shares in issue last year was 195.66.
==> 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.
Zarneni Hrani O's gross margin of this year was 0.58609726. Zarneni Hrani O's gross margin of last year was 0.48895643.
==> 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
Zarneni Hrani O's asset turnover of this year was 0.15111191. Zarneni Hrani O's asset turnover of last year was 0.18793109.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Zarneni Hrani O has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Zarneni Hrani O (XBUL:ZHBG) has a Piotroski F-Score of 6 as of Aug. 08, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Zarneni Hrani O and its competitors. This is 25% below median its historical median of 8.00. Over the past decade, Zarneni Hrani O's Piotroski F-Score has ranged from 6.00 to 8.00. According to the industry distribution chart, Zarneni Hrani O ranks #520 out of 1909 companies in the Consumer Packaged Goods industry, placing it in the top 27.2%.
Is Zarneni Hrani O's Piotroski F-Score too high?
Zarneni Hrani O's current Piotroski F-Score of 6 is 25% below median its 10-year median of 8.00. Over the past 10 years, this metric has ranged from a low of 6.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Zarneni Hrani O's value of 6 is 20% above this industry median. Based on the distribution chart, Zarneni Hrani O ranks #520 out of 1909 companies in the Consumer Packaged Goods industry, which is above the industry midpoint.
How does Zarneni Hrani O's Piotroski F-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Zarneni Hrani O ranks #520 out of 1909 companies for Piotroski F-Score. This puts Zarneni Hrani O in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Zarneni Hrani O's value of 6 is 20% above this benchmark. Historically, Zarneni Hrani O's own Piotroski F-Score has ranged from 6.00 to 8.00 over the past decade. While the company's 10-year median is 8.00 vs. the industry median of 5.00, Zarneni Hrani O 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,909 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. Zarneni Hrani O'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 Zarneni Hrani O and its competitors. For the Consumer Packaged Goods 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. Zarneni Hrani O's current Piotroski F-Score is 6, which is 25% below median its own 10-year median of 8.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zarneni Hrani O stock overvalued right now?
Based on GuruFocus' analysis, Zarneni Hrani O (XBUL:ZHBG) is currently considered Possible Value Trap. The stock's GF Value™ is €0.10, compared to a current price of €0.07 — trading 35% below its estimated fair value. The current Piotroski F-Score is 6, which is 25% below median its 10-year median of 8.00 and 20% above the Consumer Packaged Goods industry median of 5.00. 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 Zarneni Hrani O (XBUL:ZHBG), the current Piotroski F-Score is 6 as of Aug. 08, 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.
Zarneni Hrani O is an agribusiness company. It is engaged in the distribution of fertilizers and chemicals, oilseed processing, storage & trade in grains and oilseeds, biodiesel production & logistics services. It offers services to farmers. The company has three segments Manufacturing, Trading and services, of which Manufacturing segment derives maximum revenue. The Manufacturing segment includes production of vegetable oils; production of biodiesel; processing and extraction of technical oils; extraction of crude oil and natural gas; processing of oil and condensate, production of petroleum products, polymers and synthetic fibers; production of low-voltage electrical equipment; processing and trading of plastics; production and trading of polyethylene products.
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