Flughafen Zuerich AG (XSWX:FHZN) Piotroski F-Score: 7 (As of Jun. 29, 2026) — Near Median


XSWX:FHZN Flughafen Zuerich AG XSWX:FHZN
86 GF Score
Price CHF253.80
GF Value CHF226.89
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Flughafen Zuerich AG Piotroski F-Score?

Flughafen Zuerich AG XSWX:FHZN +0.08% 86 Piotroski F-Score is 7 as of Jun. 29, 2026, which is at its 10-year median of 7.00. GuruFocus rates XSWX:FHZN with a GF Score™ of 86/100 and a GF Value™ of CHF226.89 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 973 Transportation companies, Flughafen Zuerich AG ranks better than 86.84% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Flughafen Zuerich AG has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Flughafen Zuerich AG's Piotroski F-Score or its related term are showing as below:

XSWX:FHZN' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 7   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Flughafen Zuerich AG was 8. The lowest was 3. And the median was 7.

Flughafen Zuerich AG  (XSWX:FHZN) 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.


Flughafen Zuerich AG Piotroski F-Score Related Terms


Flughafen Zuerich AG Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Flughafen Zuerich AG'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.

Flughafen Zuerich AG Piotroski F-Score Chart

Flughafen Zuerich AG 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 6.00 7.00 8.00 8.00 7.00

Flughafen Zuerich AG 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 8.00 0.00 8.00 0.00 7.00

XSWX:FHZN vs JOBY, CAAP: Piotroski F-Score Comparison

For the Airports & Air Services subindustry, Flughafen Zuerich AG'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.


Flughafen Zuerich AG Piotroski F-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Flughafen Zuerich AG's Piotroski F-Score distribution charts can be found below:

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


XSWX:FHZN
86GF Score
Flughafen Zuerich AG XSWX:FHZN
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 CHF347 Mil.
Cash Flow from Operations was CHF688 Mil.
Revenue was CHF1,361 Mil.
Gross Profit was CHF745 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (5202.5 + 5573.3) / 2 = CHF5387.9 Mil.
Total Assets at the begining of this year (Dec24) was CHF5,203 Mil.
Long-Term Debt & Capital Lease Obligation was CHF1,668 Mil.
Total Current Assets was CHF762 Mil.
Total Current Liabilities was CHF356 Mil.
Net Income was CHF327 Mil.

Revenue was CHF1,326 Mil.
Gross Profit was CHF709 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (5105.9 + 5202.5) / 2 = CHF5154.2 Mil.
Total Assets at the begining of last year (Dec23) was CHF5,106 Mil.
Long-Term Debt & Capital Lease Obligation was CHF1,453 Mil.
Total Current Assets was CHF739 Mil.
Total Current Liabilities was CHF339 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.

Flughafen Zuerich AG's current Net Income (TTM) was 347. ==> 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.

Flughafen Zuerich AG's current Cash Flow from Operations (TTM) was 688. ==> 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)
=346.5/5202.5
=0.06660259

ROA (Last Year)=Net Income/Total Assets (Dec23)
=326.7/5105.9
=0.0639848

Flughafen Zuerich AG's return on assets of this year was 0.06660259. Flughafen Zuerich AG's return on assets of last year was 0.0639848. ==> 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.

Flughafen Zuerich AG's current Net Income (TTM) was 347. Flughafen Zuerich AG's current Cash Flow from Operations (TTM) was 688. ==> 688 > 347 ==> 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
=1667.9/5387.9
=0.30956402

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=1452.9/5154.2
=0.28188662

Flughafen Zuerich AG's gearing of this year was 0.30956402. Flughafen Zuerich AG's gearing of last year was 0.28188662. ==> 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
=761.6/355.7
=2.14113017

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=739/338.7
=2.18187186

Flughafen Zuerich AG's current ratio of this year was 2.14113017. Flughafen Zuerich AG's current ratio of last year was 2.18187186. ==> 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.

Flughafen Zuerich AG's number of shares in issue this year was 30.704. Flughafen Zuerich AG's number of shares in issue last year was 30.705. ==> 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
=744.6/1361.1
=0.54705753

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=709.1/1326.4
=0.53460495

Flughafen Zuerich AG's gross margin of this year was 0.54705753. Flughafen Zuerich AG's gross margin of last year was 0.53460495. ==> 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)
=1361.1/5202.5
=0.26162422

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1326.4/5105.9
=0.2597779

Flughafen Zuerich AG's asset turnover of this year was 0.26162422. Flughafen Zuerich AG's asset turnover of last year was 0.2597779. ==> 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+1+0+0+1+1+1
=7

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

Flughafen Zuerich AG has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Flughafen Zuerich AG (XSWX:FHZN) has a Piotroski F-Score of 7 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Flughafen Zuerich AG and its competitors. This is near median its historical median of 7.00. Over the past decade, Flughafen Zuerich AG's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Flughafen Zuerich AG ranks #128 out of 973 companies in the Transportation industry, placing it in the top 13.2%.
Is Flughafen Zuerich AG's Piotroski F-Score too high?
Flughafen Zuerich AG's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Transportation industry median Piotroski F-Score is 6.00. Flughafen Zuerich AG's value of 7 is 16.7% above this industry median. Based on the distribution chart, Flughafen Zuerich AG ranks #128 out of 973 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Flughafen Zuerich AG has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Flughafen Zuerich AG's Piotroski F-Score compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Flughafen Zuerich AG ranks #128 out of 973 companies for Piotroski F-Score. This places Flughafen Zuerich AG in the top 13% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Flughafen Zuerich AG's value of 7 is 16.7% above this benchmark. Historically, Flughafen Zuerich AG'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 7.00 vs. the industry median of 6.00, Flughafen Zuerich AG 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 973 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. Flughafen Zuerich AG's current Piotroski F-Score of 7 is 16.7% 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 Flughafen Zuerich AG 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. Flughafen Zuerich AG's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flughafen Zuerich AG stock overvalued right now?
Based on GuruFocus' analysis, Flughafen Zuerich AG (XSWX:FHZN) is currently considered Modestly Overvalued. The stock's GF Value™ is CHF226.89, compared to a current price of CHF253.80 — trading 11.9% above its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 16.7% above the Transportation industry median of 6.00. Flughafen Zuerich AG's overall GF Score™ is 86/100 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 Flughafen Zuerich AG (XSWX:FHZN), the current Piotroski F-Score is 7 as of Jun. 29, 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 Flughafen Zuerich AG (XSWX:FHZN) Overvalued in 2026?

Based on GuruFocus' analysis, Flughafen Zuerich AG stock appears to be overvalued. The current stock price of CHF253.80 is trading 11.9% above its estimated GF Value™ of CHF226.89. GuruFocus considers Flughafen Zuerich AG to be Modestly Overvalued.

Key valuation signals for XSWX:FHZN:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: CHF226.89 vs. price of CHF253.80 (11.9% above fair value)
  • GF Score™: 86/100 with 4 warning signs
  • Industry Position: 16.7% above the Transportation median (#128 of 973)

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


Flughafen Zuerich AG Business Description

Address Zurich Airport Ltd, P.O. Box, Zurich, CHE, CH-8058
Flughafen Zurich owns and operates Zurich Airport, Switzerland's main international hub, as well as select overseas airport concessions, including Noida International Airport in the Delhi Metropolitan Area. Zurich Airport operates under a hybrid-till regime, whereby 30% of the economic added value from commercial activities must be used as a transfer payment to subsidize the costs of the regulated business. The Swiss business is split into regulated aviation activities (airport charges, security, and passenger-related fees) and nonregulated commercial activities (retail, F&B, parking advertising, rental agreements, and energy services). In 2024, nonregulated businesses contributed 55% of the group's operating profit, despite generating only 40% of the group's total sales.
86GF Score

Get the complete analysis for XSWX:FHZN

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

CHF253.80
Price
CHF226.89
GF Value