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Private Equity Holding AGXSWX:PEHN +1.28%31 Piotroski F-Score is 3 as of Aug. 10, 2026, which is 25% below its 10-year median of 4.00. GuruFocus rates XSWX:PEHN with a GF Score™ of 31/100. The stock has 3 warning signs investors should review. Among 1,591 Asset Management companies, Private Equity Holding AG ranks worse than 77.94% on this metric.
Warning Sign:
Piotroski F-Score of 3 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Private Equity Holding AG has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Private Equity Holding AG's Piotroski F-Score or its related term are showing as below:
XSWX:PEHN'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 8
Current: 3
During the past 13 years, the highest Piotroski F-Score of Private Equity Holding AG was 8. The lowest was 2. And the median was 4.
Private Equity Holding AG (XSWX:PEHN) 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.
Private Equity Holding AG Piotroski F-Score Related Terms
Private Equity Holding AG Piotroski F-Score Historical Data
* 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.
XSWX:PEHN vs BLK, BX, KKR: Piotroski F-Score Comparison
For the Asset Management subindustry, Private Equity Holding 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.
Private Equity Holding AG Piotroski F-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Private Equity Holding AG's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Private Equity Holding AG'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.
Private Equity Holding AG's current Net Income (TTM) was -12.77.
==> 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.
Private Equity Holding AG's current Cash Flow from Operations (TTM) was -0.47.
==> Negative ==> Score 0.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Private Equity Holding AG's return on assets of this year was -0.03223672. Private Equity Holding AG's return on assets of last year was 0.02131275.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Private Equity Holding AG's gearing of this year was 0.03818492. Private Equity Holding AG's gearing of last year was 0.03360982.
==> 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
* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.
Private Equity Holding AG's current ratio of this year was 24.72561059. Private Equity Holding AG's current ratio of last year was 28.18181171.
==> 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.
Private Equity Holding AG's number of shares in issue this year was 2.445. Private Equity Holding AG's number of shares in issue last year was 2.466.
==> 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.
* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.
Private Equity Holding AG's net margin of this year was 1.04922748. Private Equity Holding AG's net margin of last year was 0.91074771.
==> This year's net 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
Private Equity Holding AG's asset turnover of this year was -0.03072425. Private Equity Holding AG's asset turnover of last year was 0.02340137.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Private Equity Holding AG has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Private Equity Holding AG (XSWX:PEHN) has a Piotroski F-Score of 3 as of Aug. 10, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Private Equity Holding AG and its competitors. This is 25% below median its historical median of 4.00. Over the past decade, Private Equity Holding AG's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Private Equity Holding AG ranks #1240 out of 1591 companies in the Asset Management industry, placing it in the top 77.9%.
Is Private Equity Holding AG's Piotroski F-Score too high?
Private Equity Holding AG's current Piotroski F-Score of 3 is 25% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Asset Management industry median Piotroski F-Score is 5.00. Private Equity Holding AG's value of 3 is 40% below this industry median. Based on the distribution chart, Private Equity Holding AG ranks #1240 out of 1591 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Private Equity Holding AG has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Private Equity Holding AG's Piotroski F-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Private Equity Holding AG ranks #1240 out of 1591 companies for Piotroski F-Score. This places Private Equity Holding AG in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Private Equity Holding AG's value of 3 is 40% below this benchmark. Historically, Private Equity Holding AG's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Private Equity Holding AG 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 an Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,591 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. Private Equity Holding AG's current Piotroski F-Score of 3 is 40% 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 Private Equity Holding AG 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. Private Equity Holding AG's current Piotroski F-Score is 3, which is 25% below median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Private Equity Holding AG stock overvalued right now?
Private Equity Holding AG (XSWX:PEHN) has a current Piotroski F-Score of 3. The current Piotroski F-Score is 3, which is 25% below median its 10-year median of 4.00 and 40% below the Asset Management industry median of 5.00. Private Equity Holding AG's overall GF Score™ is 31/100 with 3 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 Private Equity Holding AG (XSWX:PEHN), the current Piotroski F-Score is 3 as of Aug. 10, 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.
Private Equity Holding AG offers institutional and private investors the opportunity to invest in a broadly diversified private equity portfolio within a simple legal and tax-optimized structure. The company's investment is managed by Alpha Associates. Their business model consists of Investing in Private Equity Fund, Acquisition of Fund interest on the Secondary markets, and direct co-investments. It has a presence in the United States of America, Europe, and the Rest of the World.
31GF Score
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