DWS Group GmbH KGaA (XSWX:DWS) Piotroski F-Score: 6 (As of Jun. 25, 2026) — 20% Above Median


XSWX:DWS DWS Group GmbH & Co KGaA XSWX:DWS
83 GF Score
Price CHF57.65
GF Value CHF48.21
Valuation Modestly Overvalued
! 7 Warning Signs
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What is DWS Group GmbH KGaA Piotroski F-Score?

DWS Group GmbH KGaA XSWX:DWS 83 Piotroski F-Score is 6 as of Jun. 25, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates XSWX:DWS with a GF Score™ of 83/100 and a GF Value™ of CHF48.21 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,601 Asset Management companies, DWS Group GmbH KGaA ranks better than 82.76% 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

DWS Group GmbH KGaA 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 DWS Group GmbH KGaA's Piotroski F-Score or its related term are showing as below:

XSWX:DWS' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 6

During the past 12 years, the highest Piotroski F-Score of DWS Group GmbH KGaA was 8. The lowest was 3. And the median was 5.

DWS Group GmbH KGaA  (XSWX:DWS) 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.


DWS Group GmbH KGaA Piotroski F-Score Related Terms


DWS Group GmbH KGaA Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for DWS Group GmbH KGaA'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.

DWS Group GmbH KGaA Piotroski F-Score Chart

DWS Group GmbH KGaA 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 5.00 3.00 8.00 6.00

DWS Group GmbH KGaA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00 0.00 0.00 6.00 0.00

XSWX:DWS vs BLK, BX, KKR: Piotroski F-Score Comparison

For the Asset Management subindustry, DWS Group GmbH KGaA'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.


DWS Group GmbH KGaA Piotroski F-Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, DWS Group GmbH KGaA's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where DWS Group GmbH KGaA's Piotroski F-Score falls into.


XSWX:DWS
83GF Score
DWS Group GmbH & Co KGaA XSWX:DWS
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 CHF865 Mil.
Cash Flow from Operations was CHF509 Mil.
Revenue was CHF4,047 Mil.
Gross Profit was CHF1,985 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (11082.915 + 10987.702) / 2 = CHF11035.3085 Mil.
Total Assets at the begining of this year (Dec24) was CHF11,083 Mil.
Long-Term Debt & Capital Lease Obligation was CHF141 Mil.
Total Current Assets was CHF1,912 Mil.
Total Current Liabilities was CHF3,518 Mil.
Net Income was CHF606 Mil.

Revenue was CHF3,720 Mil.
Gross Profit was CHF1,741 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (11017.948 + 11082.915) / 2 = CHF11050.4315 Mil.
Total Assets at the begining of last year (Dec23) was CHF11,018 Mil.
Long-Term Debt & Capital Lease Obligation was CHF131 Mil.
Total Current Assets was CHF2,061 Mil.
Total Current Liabilities was CHF3,573 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.

DWS Group GmbH KGaA's current Net Income (TTM) was 865. ==> 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.

DWS Group GmbH KGaA's current Cash Flow from Operations (TTM) was 509. ==> 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)
=865.019/11082.915
=0.07804977

ROA (Last Year)=Net Income/Total Assets (Dec23)
=605.915/11017.948
=0.05499345

DWS Group GmbH KGaA's return on assets of this year was 0.07804977. DWS Group GmbH KGaA's return on assets of last year was 0.05499345. ==> 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.

DWS Group GmbH KGaA's current Net Income (TTM) was 865. DWS Group GmbH KGaA's current Cash Flow from Operations (TTM) was 509. ==> 509 <= 865 ==> CFROA <= ROA ==> Score 0.

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
=140.904/11035.3085
=0.01276847

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=130.706/11050.4315
=0.01182814

DWS Group GmbH KGaA's gearing of this year was 0.01276847. DWS Group GmbH KGaA's gearing of last year was 0.01182814. ==> 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
=1912/3517.931
=0.54350128

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=2061.417/3572.935
=0.5769534

DWS Group GmbH KGaA's current ratio of this year was 0.54350128. DWS Group GmbH KGaA's current ratio of last year was 0.5769534. ==> 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.

DWS Group GmbH KGaA's number of shares in issue this year was 200. DWS Group GmbH KGaA's number of shares in issue last year was 200. ==> 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
=1984.785/4047.02
=0.49043123

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1741.187/3720.446
=0.46800491

DWS Group GmbH KGaA's gross margin of this year was 0.49043123. DWS Group GmbH KGaA's gross margin of last year was 0.46800491. ==> 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)
=4047.02/11082.915
=0.36515844

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=3720.446/11017.948
=0.33767141

DWS Group GmbH KGaA's asset turnover of this year was 0.36515844. DWS Group GmbH KGaA's asset turnover of last year was 0.33767141. ==> 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+0+0+0+1+1+1
=6

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

DWS Group GmbH KGaA 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?
DWS Group GmbH KGaA (XSWX:DWS) has a Piotroski F-Score of 6 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on DWS Group GmbH KGaA and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, DWS Group GmbH KGaA's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, DWS Group GmbH KGaA ranks #276 out of 1601 companies in the Asset Management industry, placing it in the top 17.2%.
Is DWS Group GmbH KGaA's Piotroski F-Score too high?
DWS Group GmbH KGaA's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Asset Management industry median Piotroski F-Score is 5.00. DWS Group GmbH KGaA's value of 6 is 20% above this industry median. Based on the distribution chart, DWS Group GmbH KGaA ranks #276 out of 1601 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, DWS Group GmbH KGaA has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does DWS Group GmbH KGaA's Piotroski F-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, DWS Group GmbH KGaA ranks #276 out of 1601 companies for Piotroski F-Score. This places DWS Group GmbH KGaA in the top 17% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. DWS Group GmbH KGaA's value of 6 is 20% above this benchmark. Historically, DWS Group GmbH KGaA's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, DWS Group GmbH KGaA 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 an Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,601 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. DWS Group GmbH KGaA'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 DWS Group GmbH KGaA and its competitors. For the Asset Management 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. DWS Group GmbH KGaA's current Piotroski F-Score is 6, which is 20% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DWS Group GmbH KGaA stock overvalued right now?
Based on GuruFocus' analysis, DWS Group GmbH KGaA (XSWX:DWS) is currently considered Modestly Overvalued. The stock's GF Value™ is CHF48.21, compared to a current price of CHF57.65 — trading 19.6% above its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Asset Management industry median of 5.00. DWS Group GmbH KGaA's overall GF Score™ is 83/100 with 7 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 DWS Group GmbH KGaA (XSWX:DWS), the current Piotroski F-Score is 6 as of Jun. 25, 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 DWS Group GmbH KGaA (XSWX:DWS) Overvalued in 2026?

Based on GuruFocus' analysis, DWS Group GmbH KGaA stock appears to be overvalued. The current stock price of CHF57.65 is trading 19.6% above its estimated GF Value™ of CHF48.21. GuruFocus considers DWS Group GmbH KGaA to be Modestly Overvalued.

Key valuation signals for XSWX:DWS:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: CHF48.21 vs. price of CHF57.65 (19.6% above fair value)
  • GF Score™: 83/100 with 7 warning signs
  • Industry Position: 20% above the Asset Management median (#276 of 1601)

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


DWS Group GmbH KGaA Business Description

Address Mainzer Landstrasse 11-17, Frankfurt am Main, HE, DEU, 60329
Until 2018, DWS was fully owned by Deutsche Bank, which retains a 79% interest in DWS. DWS' home German market remains important, contributing roughly 40% of assets under management. The Europe, Middle East, and Africa region in total accounts for 70% of AUM, and the Americas contributes nearly all of the balance, with a small Asian presence. Assets from institutional clients make up 55% of overall AUM.
83GF Score

Get the complete analysis for XSWX:DWS

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

CHF57.65
Price
CHF48.21
GF Value