Hrvatski Telekom DDZAG:HT +0.71%100 Piotroski F-Score is 7 as of Jun. 24, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates ZAG:HT with a GF Score™ of 100/100 and a GF Value™ of €39.80 (Fairly Valued). The stock has 4 warning signs investors should review. Among 359 Telecommunication Services companies, Hrvatski Telekom DD ranks better than 88.3% 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
Hrvatski Telekom DD 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 Hrvatski Telekom DD's Piotroski F-Score or its related term are showing as below:
ZAG:HT'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 9
Current: 7
During the past 13 years, the highest Piotroski F-Score of Hrvatski Telekom DD was 9. The lowest was 4. And the median was 6.
Hrvatski Telekom DD (ZAG:HT) 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.
Hrvatski Telekom DD Piotroski F-Score Related Terms
Hrvatski Telekom DD Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Hrvatski Telekom DD'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.
ZAG:HT vs TMUS, VZ, T: Piotroski F-Score Comparison
For the Telecom Services subindustry, Hrvatski Telekom DD'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.
Hrvatski Telekom DD Piotroski F-Score vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Hrvatski Telekom DD's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Hrvatski Telekom DD'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.
Hrvatski Telekom DD's current Net Income (TTM) was 146.
==> 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.
Hrvatski Telekom DD's return on assets of this year was 0.07024198. Hrvatski Telekom DD's return on assets of last year was 0.06846673.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Hrvatski Telekom DD's gearing of this year was 0.03156625. Hrvatski Telekom DD's gearing of last year was 0.02662483.
==> 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
Hrvatski Telekom DD's current ratio of this year was 1.7917223. Hrvatski Telekom DD's current ratio of last year was 2.08672936.
==> 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.
Hrvatski Telekom DD's number of shares in issue this year was 76.404. Hrvatski Telekom DD's number of shares in issue last year was 76.792.
==> 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.
Hrvatski Telekom DD's gross margin of this year was 0.71762653. Hrvatski Telekom DD's gross margin of last year was 0.69959695.
==> 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
Hrvatski Telekom DD's asset turnover of this year was 0.55022086. Hrvatski Telekom DD's asset turnover of last year was 0.53833173.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Hrvatski Telekom DD has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Hrvatski Telekom DD (ZAG:HT) has a Piotroski F-Score of 7 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Hrvatski Telekom DD and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Hrvatski Telekom DD's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Hrvatski Telekom DD ranks #42 out of 359 companies in the Telecommunication Services industry, placing it in the top 11.7%.
Is Hrvatski Telekom DD's Piotroski F-Score too high?
Hrvatski Telekom DD's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Telecommunication Services industry median Piotroski F-Score is 6.00. Hrvatski Telekom DD's value of 7 is 16.7% above this industry median. Based on the distribution chart, Hrvatski Telekom DD ranks #42 out of 359 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Hrvatski Telekom DD has a GF Score™ of 100/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hrvatski Telekom DD's Piotroski F-Score compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Hrvatski Telekom DD ranks #42 out of 359 companies for Piotroski F-Score. This places Hrvatski Telekom DD in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Hrvatski Telekom DD's value of 7 is 16.7% above this benchmark. Historically, Hrvatski Telekom DD's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Hrvatski Telekom DD 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 Telecommunication Services company?
The median Piotroski F-Score among Telecommunication Services companies is 6.00, based on 359 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. Hrvatski Telekom DD'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 Hrvatski Telekom DD and its competitors. For the Telecommunication Services 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. Hrvatski Telekom DD's current Piotroski F-Score is 7, which is 17% above 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 Hrvatski Telekom DD stock overvalued right now?
Based on GuruFocus' analysis, Hrvatski Telekom DD (ZAG:HT) is currently considered Fairly Valued. The stock's GF Value™ is €39.80, compared to a current price of €42.30 — trading 6.3% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 16.7% above the Telecommunication Services industry median of 6.00. Hrvatski Telekom DD's overall GF Score™ is 100/100 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 Hrvatski Telekom DD (ZAG:HT), the current Piotroski F-Score is 7 as of Jun. 24, 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 Hrvatski Telekom DD (ZAG:HT) Overvalued in 2026?
Based on GuruFocus' analysis, Hrvatski Telekom DD stock appears to be overvalued.
The current stock price of €42.30 is trading 6.3% above its estimated GF Value™ of €39.80.
GuruFocus considers Hrvatski Telekom DD to be Fairly Valued.
Key valuation signals for ZAG:HT:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: €39.80 vs. price of €42.30 (6.3% above fair value)
Industry Position: 16.7% above the Telecommunication Services median (#42 of 359)
No single metric tells the full story. See the ZAG:HT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hrvatski Telekom DD is a provider of telecommunication and digital services in the Republic of Croatia. It offers fixed and mobile telephony services as well as wholesale, Internet, and data. The company's business segments are Residential, Business, Other and Crnogorski Telekom. The majority of its revenue is derived from the Residential unit segment that includes marketing, sales, and customer services, focused on providing mobile, fixed-line telecommunications, electricity, and TV distribution and services to residential customers. Geographically, the company generates the majority of its revenue from the Republic of Croatia.
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