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Asiana AirlinesXKRX:020560 -0.91%41 Piotroski F-Score is 4 as of Aug. 31, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates XKRX:020560 with a GF Score™ of 41/100 and a GF Value™ of ₩3,597.53 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 986 Transportation companies, Asiana Airlines ranks worse than 73.23% 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
Asiana Airlines 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 Asiana Airlines's Piotroski F-Score or its related term are showing as below:
XKRX:020560'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 6 Max: 8
Current: 4
During the past 13 years, the highest Piotroski F-Score of Asiana Airlines was 8. The lowest was 2. And the median was 6.
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.
Asiana Airlines Piotroski F-Score Related Terms
Asiana Airlines Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Asiana Airlines'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.
XKRX:020560 vs DAL, UAL, LUV: Piotroski F-Score Comparison
For the Airlines subindustry, Asiana Airlines'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.
Asiana Airlines Piotroski F-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Asiana Airlines's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Asiana Airlines'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.
This Year (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was -307592.688 + -262134.803 + -243457.706 + -372144.08 = ₩-1,185,329 Mil. Cash Flow from Operations was -31042.579 + -22819.044 + 365683.871 + -289467.505 = ₩22,355 Mil. Revenue was 1681231.695 + 1624200.106 + 1680446.844 + 1844111.929 = ₩6,829,991 Mil. Gross Profit was -14420.889 + -23832.152 + 132819.046 + -188847.973 = ₩-94,282 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(12644340.224 + 12086590.63 + 12187613.805 + 12551214.179 + 11951727.483) / 5 = ₩12284297.2642 Mil. Total Assets at the begining of this year (Jun25) was ₩12,644,340 Mil. Long-Term Debt & Capital Lease Obligation was ₩4,165,424 Mil. Total Current Assets was ₩1,361,502 Mil. Total Current Liabilities was ₩4,897,388 Mil.
Net Income was 176905.627 + -313364.392 + 125530.702 + 161156.639 = ₩150,229 Mil.
Revenue was 2177274.236 + 2117079.383 + 2074369.009 + 1887049.13 = ₩8,255,772 Mil. Gross Profit was 346457.756 + 202615.916 + 230114.902 + 159343 = ₩938,532 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(13481497.044 + 13155351.015 + 13449903.474 + 13145852.287 + 12644340.224) / 5 = ₩13175388.8088 Mil. Total Assets at the begining of last year (Jun24) was ₩13,481,497 Mil. Long-Term Debt & Capital Lease Obligation was ₩4,606,076 Mil. Total Current Assets was ₩2,429,413 Mil. Total Current Liabilities was ₩4,187,885 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.
Asiana Airlines's current Net Income (TTM) was -1,185,329.
==> 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.
Asiana Airlines's return on assets of this year was -0.09374386. Asiana Airlines's return on assets of last year was 0.01114332.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Asiana Airlines's gearing of this year was 0.33908526. Asiana Airlines's gearing of last year was 0.34959693.
==> 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
Asiana Airlines's current ratio of this year was 0.27800581. Asiana Airlines's current ratio of last year was 0.58010491.
==> 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.
Asiana Airlines's number of shares in issue this year was 202.693. Asiana Airlines's number of shares in issue last year was 209.839.
==> 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.
Asiana Airlines's gross margin of this year was -0.01380411. Asiana Airlines's gross margin of last year was 0.11368187.
==> 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
Asiana Airlines's asset turnover of this year was 0.54016188. Asiana Airlines's asset turnover of last year was 0.61237797.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Asiana Airlines has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Asiana Airlines (XKRX:020560) has a Piotroski F-Score of 4 as of Aug. 31, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Asiana Airlines and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Asiana Airlines' Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Asiana Airlines ranks #722 out of 986 companies in the Transportation industry, placing it in the top 73.2%.
Is Asiana Airlines' Piotroski F-Score too high?
Asiana Airlines' current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Transportation industry median Piotroski F-Score is 6.00. Asiana Airlines' value of 4 is 33.3% below this industry median. Based on the distribution chart, Asiana Airlines ranks #722 out of 986 companies in the Transportation industry, which is below the industry midpoint. Overall, Asiana Airlines has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Asiana Airlines' Piotroski F-Score compare to DAL and UAL?
According to the Transportation industry distribution chart, Asiana Airlines ranks #722 out of 986 companies for Piotroski F-Score. This places Asiana Airlines in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Asiana Airlines' value of 4 is 33.3% below this benchmark. Historically, Asiana Airlines' own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Asiana Airlines 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 a Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 986 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. Asiana Airlines's current Piotroski F-Score of 4 is 33.3% 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 Asiana Airlines and its competitors. For the Transportation industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asiana Airlines's current Piotroski F-Score is 4, which is 33% below 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 Asiana Airlines stock overvalued right now?
Based on GuruFocus' analysis, Asiana Airlines (XKRX:020560) is currently considered Significantly Overvalued. The stock's GF Value™ is ₩3,597.53, compared to a current price of ₩7,610.00 — trading 111.5% above its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 33.3% below the Transportation industry median of 6.00. Asiana Airlines' overall GF Score™ is 41/100 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 Asiana Airlines (XKRX:020560), the current Piotroski F-Score is 4 as of Aug. 31, 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 Asiana Airlines (XKRX:020560) Overvalued in 2026?
Based on GuruFocus' analysis, Asiana Airlines stock appears to be overvalued.
The current stock price of ₩7,610.00 is trading 111.5% above its estimated GF Value™ of ₩3,597.53.
GuruFocus considers Asiana Airlines to be Significantly Overvalued.
Key valuation signals for XKRX:020560:
Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
GF Value™: ₩3,597.53 vs. price of ₩7,610.00 (111.5% above fair value)
Industry Position: 33.3% below the Transportation median (#722 of 986)
No single metric tells the full story. See the XKRX:020560 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asiana Airlines Inc is one of South Korea's major airlines. It generates revenue by transporting passengers, cargo, and by providing supplementary services related to airlines and travel industries. The company offers many different classes, or cabin experiences, for each flight. A customer may purchase tickets, check the flight status, check-in, and order/confirm other amenities on the company's website. Only a small portion of revenue is derived from domestic passengers (South Korea), with international passengers and carrying cargo constituting a majority. The majority of Asiana's revenue is from routes conducted throughout Asia.
41GF Score
Get the complete analysis for XKRX:020560
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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