ACASF (Acast AB) Piotroski F-Score: 6 (As of Jun. 26, 2026) — 20% Above Median


ACASF Acast AB ACASF
49 GF Score
Price $4.20
GF Value $2.18
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Acast AB Piotroski F-Score?

Acast AB ACASF 49 Piotroski F-Score is 6 as of Jun. 26, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates ACASF with a GF Score™ of 49/100 and a GF Value™ of $2.18 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,015 Media - Diversified companies, Acast AB ranks better than 78.72% 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

Acast AB 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 Acast AB's Piotroski F-Score or its related term are showing as below:

ACASF' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 6
Current: 6

During the past 8 years, the highest Piotroski F-Score of Acast AB was 6. The lowest was 2. And the median was 5.

Acast AB  (OTCPK:ACASF) 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.


Acast AB Piotroski F-Score Related Terms


Acast AB Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Acast AB'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.

Acast AB Piotroski F-Score Chart

Acast AB Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 4.00 2.00 5.00 5.00 4.00

Acast AB 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 6.00 5.00 6.00 4.00 6.00

ACASF vs NFLX, DIS, WBD: Piotroski F-Score Comparison

For the Entertainment subindustry, Acast AB'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.


Acast AB Piotroski F-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Acast AB's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Acast AB's Piotroski F-Score falls into.


ACASF
49GF Score
Acast AB ACASF
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was -8.348 + 0.777 + 5.676 + 1.815 = $-0.1 Mil.
Cash Flow from Operations was -5.592 + 2.093 + 7.212 + 4.251 = $8.0 Mil.
Revenue was 63.544 + 68.513 + 78.825 + 69.228 = $280.1 Mil.
Gross Profit was 25.686 + 26.876 + 31.396 + 25.87 = $109.8 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(193.261 + 205.634 + 215.167 + 228.553 + 228.607) / 5 = $214.2444 Mil.
Total Assets at the begining of this year (Mar25) was $193.3 Mil.
Long-Term Debt & Capital Lease Obligation was $10.3 Mil.
Total Current Assets was $152.2 Mil.
Total Current Liabilities was $85.9 Mil.
Net Income was -2.565 + -2.6 + 11.516 + -9.152 = $-2.8 Mil.

Revenue was 45.571 + 46.473 + 52.575 + 52.839 = $197.5 Mil.
Gross Profit was 17.635 + 18.776 + 20.776 + 19.784 = $77.0 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(166.888 + 162.833 + 175.86 + 182.984 + 193.261) / 5 = $176.3652 Mil.
Total Assets at the begining of last year (Mar24) was $166.9 Mil.
Long-Term Debt & Capital Lease Obligation was $11.3 Mil.
Total Current Assets was $122.1 Mil.
Total Current Liabilities was $64.4 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.

Acast AB's current Net Income (TTM) was -0.1. ==> 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.

Acast AB's current Cash Flow from Operations (TTM) was 8.0. ==> 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 (Mar25)
=-0.080000000000002/193.261
=-0.00041395

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-2.801/166.888
=-0.01678371

Acast AB's return on assets of this year was -0.00041395. Acast AB's return on assets of last year was -0.01678371. ==> 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.

Acast AB's current Net Income (TTM) was -0.1. Acast AB's current Cash Flow from Operations (TTM) was 8.0. ==> 8.0 > -0.1 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=10.32/214.2444
=0.04816929

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=11.287/176.3652
=0.06399789

Acast AB's gearing of this year was 0.04816929. Acast AB's gearing of last year was 0.06399789. ==> This year is lower or equal to last year. ==> Score 1.

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: Mar26)=Total Current Assets/Total Current Liabilities
=152.221/85.922
=1.77161844

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=122.058/64.431
=1.89439866

Acast AB's current ratio of this year was 1.77161844. Acast AB's current ratio of last year was 1.89439866. ==> 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.

Acast AB's number of shares in issue this year was 194.369. Acast AB's number of shares in issue last year was 181.068. ==> There is larger number of shares in issue this year. ==> Score 0.

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
=109.828/280.11
=0.39208882

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=76.971/197.458
=0.38980948

Acast AB's gross margin of this year was 0.39208882. Acast AB's gross margin of last year was 0.38980948. ==> 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 (Mar25)
=280.11/193.261
=1.4493871

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=197.458/166.888
=1.18317674

Acast AB's asset turnover of this year was 1.4493871. Acast AB's asset turnover of last year was 1.18317674. ==> 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
=0+1+1+1+1+0+0+1+1
=6

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

Acast AB 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?
Acast AB (ACASF) has a Piotroski F-Score of 6 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Acast AB and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Acast AB's Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Acast AB ranks #216 out of 1015 companies in the Media - Diversified industry, placing it in the top 21.3%.
Is Acast AB's Piotroski F-Score too high?
Acast AB'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 2.00 to a high of 6.00. The Media - Diversified industry median Piotroski F-Score is 5.00. Acast AB's value of 6 is 20% above this industry median. Based on the distribution chart, Acast AB ranks #216 out of 1015 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Acast AB has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Acast AB's Piotroski F-Score compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Acast AB ranks #216 out of 1015 companies for Piotroski F-Score. This places Acast AB in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Acast AB's value of 6 is 20% above this benchmark. Historically, Acast AB's own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Acast AB 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 Media - Diversified company?
The median Piotroski F-Score among Media - Diversified companies is 5.00, based on 1,015 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. Acast AB'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 Acast AB and its competitors. For the Media - Diversified 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. Acast AB'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 Acast AB stock overvalued right now?
Based on GuruFocus' analysis, Acast AB (ACASF) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.18, compared to a current price of $4.20 — trading 92.7% 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 Media - Diversified industry median of 5.00. Acast AB's overall GF Score™ is 49/100 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 Acast AB (ACASF), the current Piotroski F-Score is 6 as of Jun. 26, 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 Acast AB (ACASF) Overvalued in 2026?

Based on GuruFocus' analysis, Acast AB stock appears to be overvalued. The current stock price of $4.20 is trading 92.7% above its estimated GF Value™ of $2.18. GuruFocus considers Acast AB to be Significantly Overvalued.

Key valuation signals for ACASF:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: $2.18 vs. price of $4.20 (92.7% above fair value)
  • GF Score™: 49/100 with 4 warning signs
  • Industry Position: 20% above the Media - Diversified median (#216 of 1015)

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


Acast AB Business Description

Address Kungsgatan 28, Stockholm, SWE, 111 35
Acast AB is the curated, fully integrated, podcast marketplace in the world. The company offers podcast hosting, growth, and then monetization through both a creative and curated advertising marketplace, as well as membership features to connect podcasters with paying fans. The group has three operating segments- Europe, North America and others. Majority of revenue is generated from Europe segment.
49GF Score

Get the complete analysis for ACASF

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

$4.20
Price
$2.18
GF Value