HBX Group InternationalXMAD:HBX -1.84%13 Piotroski F-Score is 6 as of Jun. 27, 2026, which is at its 10-year median of 6.00. GuruFocus rates XMAD:HBX with a GF Score™ of 13/100. The stock has 2 warning signs investors should review. Among 840 Travel & Leisure companies, HBX Group International ranks better than 72.5% 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
HBX Group International 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 HBX Group International's Piotroski F-Score or its related term are showing as below:
XMAD:HBX'
s Piotroski F-Score Range Over the Past 10 Years
Min: 6 Med: 6 Max: 6
Current: 6
During the past 4 years, the highest Piotroski F-Score of HBX Group International was 6. The lowest was 6. And the median was 6.
HBX Group International (XMAD:HBX) 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.
HBX Group International Piotroski F-Score Related Terms
HBX Group International Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for HBX Group International'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.
XMAD:HBX vs BKNG, ABNB, RCL: Piotroski F-Score Comparison
For the Travel Services subindustry, HBX Group International'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.
HBX Group International Piotroski F-Score vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, HBX Group International's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where HBX Group International'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.
HBX Group International's current Net Income (TTM) was -69.0.
==> 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.
Score 1 if positive, 0 if negative.
HBX Group International's current Cash Flow from Operations (TTM) was 186.0.
==> 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.
HBX Group International's return on assets of this year was -0.02009319. HBX Group International's return on assets of last year was -0.00695249.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
HBX Group International's gearing of this year was 0.33756599. HBX Group International's gearing of last year was 0.93203602.
==> 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
HBX Group International's current ratio of this year was 0.96047431. HBX Group International's current ratio of last year was 0.88088829.
==> 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.
HBX Group International's number of shares in issue this year was 222. HBX Group International's number of shares in issue last year was 253.418.
==> 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.
HBX Group International's gross margin of this year was 0.89717224. HBX Group International's gross margin of last year was 0.92193809.
==> 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
HBX Group International's asset turnover of this year was 0.22655795. HBX Group International's asset turnover of last year was 0.21523754.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
HBX Group International has an F-score of 6 indicating the company's financial situation is typical for a stable company.
HBX Group International (XMAD:HBX) has a Piotroski F-Score of 6 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on HBX Group International and its competitors. This is near median its historical median of 6.00. Over the past decade, HBX Group International's Piotroski F-Score has ranged from 6.00 to 6.00. According to the industry distribution chart, HBX Group International ranks #231 out of 840 companies in the Travel & Leisure industry, placing it in the top 27.5%.
Is HBX Group International's Piotroski F-Score too high?
HBX Group International'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 6.00 to a high of 6.00. The Travel & Leisure industry median Piotroski F-Score is 5.00. HBX Group International's value of 6 is 20% above this industry median. Based on the distribution chart, HBX Group International ranks #231 out of 840 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, HBX Group International has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does HBX Group International's Piotroski F-Score compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, HBX Group International ranks #231 out of 840 companies for Piotroski F-Score. This puts HBX Group International in the upper half of its industry. The industry median Piotroski F-Score is 5.00. HBX Group International's value of 6 is 20% above this benchmark. Historically, HBX Group International's own Piotroski F-Score has ranged from 6.00 to 6.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, HBX Group International 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 Travel & Leisure company?
The median Piotroski F-Score among Travel & Leisure companies is 5.00, based on 840 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. HBX Group International'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 HBX Group International and its competitors. For the Travel & Leisure 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. HBX Group International'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 HBX Group International stock overvalued right now?
HBX Group International (XMAD:HBX) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Travel & Leisure industry median of 5.00. HBX Group International's overall GF Score™ is 13/100 with 2 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 HBX Group International (XMAD:HBX), the current Piotroski F-Score is 6 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.
HBX Group International PLC is a travel-technology marketplace. The company is engaged in the intermediation of hotel accommodations and complementary travel products between travel suppliers and travel distributors. With the help of its subsidiaries, the Group also assists hotels in optimising their direct online channel, creating booking engines, and supporting digital marketing. The company's maximum revenue is derived from hotel bookings. The company connect between supply and demand, empowering businesses and their travellers, with choice and confidence.
13GF Score
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