029 Group SEXTER:Z29 27 Piotroski F-Score is 5 as of Jul. 09, 2026, which is at its 10-year median of 5.00. GuruFocus rates XTER:Z29 with a GF Score™ of 27/100. The stock has 4 warning signs investors should review. Among 1,601 Asset Management companies, 029 Group SE ranks better than 64.65% 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
029 Group SE has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for 029 Group SE's Piotroski F-Score or its related term are showing as below:
XTER:Z29'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 7
Current: 5
During the past 8 years, the highest Piotroski F-Score of 029 Group SE was 7. The lowest was 3. And the median was 5.
029 Group SE (XTER:Z29) 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.
029 Group SE Piotroski F-Score Related Terms
029 Group SE Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for 029 Group SE'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.
XTER:Z29 vs BLK, BX, KKR: Piotroski F-Score Comparison
For the Asset Management subindustry, 029 Group SE'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.
029 Group SE Piotroski F-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, 029 Group SE's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where 029 Group SE'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.
029 Group SE's current Net Income (TTM) was -2.33.
==> 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.
029 Group SE's return on assets of this year was -0.13976885. 029 Group SE's return on assets of last year was 0.01926404.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
029 Group SE's current ratio of this year was 1.10191847. 029 Group SE's current ratio of last year was 0.45469799.
==> 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.
029 Group SE's number of shares in issue this year was 5. 029 Group SE's number of shares in issue last year was 5.
==> 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.
029 Group SE's gross margin of this year was 1.03979058. 029 Group SE's gross margin of last year was 0.90808416.
==> 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
029 Group SE's asset turnover of this year was -0.11437811. 029 Group SE's asset turnover of last year was 0.05208213.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
=
Que. 1
+
Que. 2
+
Que. 3
+
Que. 4
+
Que. 5
+
Que. 6
+
Que. 7
+
Que. 8
+
Que. 9
=
0
+
0
+
0
+
1
+
1
+
1
+
1
+
1
+
0
=
5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
029 Group SE has an F-score of 5 indicating the company's financial situation is typical for a stable company.
029 Group SE (XTER:Z29) has a Piotroski F-Score of 5 as of Jul. 09, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on 029 Group SE and its competitors. This is near median its historical median of 5.00. Over the past decade, 029 Group SE's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, 029 Group SE ranks #566 out of 1601 companies in the Asset Management industry, placing it in the top 35.4%.
Is 029 Group SE's Piotroski F-Score too high?
029 Group SE's current Piotroski F-Score of 5 is near 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 7.00. The Asset Management industry median Piotroski F-Score is 5.00. 029 Group SE's value of 5 is 0% at this industry median. Based on the distribution chart, 029 Group SE ranks #566 out of 1601 companies in the Asset Management industry, which is above the industry midpoint. Overall, 029 Group SE has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does 029 Group SE's Piotroski F-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, 029 Group SE ranks #566 out of 1601 companies for Piotroski F-Score. This puts 029 Group SE in the upper half of its industry. The industry median Piotroski F-Score is 5.00. 029 Group SE's value of 5 is 0% at this benchmark. Historically, 029 Group SE's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, 029 Group SE has consistently been at 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. 029 Group SE's current Piotroski F-Score of 5 is 0% at 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 029 Group SE 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. 029 Group SE's current Piotroski F-Score is 5, which is near 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 029 Group SE stock overvalued right now?
029 Group SE (XTER:Z29) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Asset Management industry median of 5.00. 029 Group SE's overall GF Score™ is 27/100 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 029 Group SE (XTER:Z29), the current Piotroski F-Score is 5 as of Jul. 09, 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.
029 Group SE is a hospitality and lifestyle platform blending luxury, technology, and community to build and support category-defining brands aimed at making people's lives happier. The company's investment is focused on three segments: real estate, hospitality, and lifestyle. The company operates in three segments: Hospitality, Enabling Technologies, and Consumer Brands.
27GF Score
Get the complete analysis for XTER:Z29
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XTER:Z29 has been successfully added to your 
