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Azelis Group NVAZLGF 74 Piotroski F-Score is 4 as of Jul. 31, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates AZLGF with a GF Score™ of 74/100 and a GF Value™ of $18.43 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,558 Chemicals companies, Azelis Group NV ranks worse than 65.47% 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
Azelis Group NV 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 Azelis Group NV's Piotroski F-Score or its related term are showing as below:
AZLGF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 7
Current: 4
During the past 8 years, the highest Piotroski F-Score of Azelis Group NV was 7. The lowest was 4. And the median was 6.
Azelis Group NV (OTCPK:AZLGF) 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.
Azelis Group NV Piotroski F-Score Related Terms
Azelis Group NV Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Azelis Group NV'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.
AZLGF vs LIN, SHW, ECL: Piotroski F-Score Comparison
For the Specialty Chemicals subindustry, Azelis Group NV'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.
Azelis Group NV Piotroski F-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Azelis Group NV's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Azelis Group NV'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.
Azelis Group NV's current Net Income (TTM) was 130.
==> 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.
Azelis Group NV's return on assets of this year was 0.02157669. Azelis Group NV's return on assets of last year was 0.03113706.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Azelis Group NV's gearing of this year was 0.32889855. Azelis Group NV's gearing of last year was 0.30233241.
==> 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
Azelis Group NV's current ratio of this year was 1.95345625. Azelis Group NV's current ratio of last year was 1.93302428.
==> 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.
Azelis Group NV's number of shares in issue this year was 243.791. Azelis Group NV's number of shares in issue last year was 243.779.
==> 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.
Azelis Group NV's gross margin of this year was 0.23435132. Azelis Group NV's gross margin of last year was 0.2432878.
==> Last year's gross margin is higher ==> Score 0.
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
Azelis Group NV's asset turnover of this year was 0.8018936. Azelis Group NV's asset turnover of last year was 0.73028946.
==> 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
Azelis Group NV has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Azelis Group NV (AZLGF) has a Piotroski F-Score of 4 as of Jul. 31, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Azelis Group NV and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Azelis Group NV's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Azelis Group NV ranks #1020 out of 1558 companies in the Chemicals industry, placing it in the top 65.5%.
Is Azelis Group NV's Piotroski F-Score too high?
Azelis Group NV's current Piotroski F-Score of 4 is 33% below 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 7.00. The Chemicals industry median Piotroski F-Score is 5.00. Azelis Group NV's value of 4 is 20% below this industry median. Based on the distribution chart, Azelis Group NV ranks #1020 out of 1558 companies in the Chemicals industry, which is below the industry midpoint. Overall, Azelis Group NV has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Azelis Group NV's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Azelis Group NV ranks #1020 out of 1558 companies for Piotroski F-Score. This places Azelis Group NV in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Azelis Group NV's value of 4 is 20% below this benchmark. Historically, Azelis Group NV's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Azelis Group NV 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 a Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,558 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. Azelis Group NV's current Piotroski F-Score of 4 is 20% 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 Azelis Group NV and its competitors. For the Chemicals 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. Azelis Group NV's current Piotroski F-Score is 4, which is 33% below 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 Azelis Group NV stock overvalued right now?
Based on GuruFocus' analysis, Azelis Group NV (AZLGF) is currently considered Significantly Undervalued. The stock's GF Value™ is $18.43, compared to a current price of $11.32 — trading 38.6% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Chemicals industry median of 5.00. Azelis Group NV's overall GF Score™ is 74/100 with 5 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 Azelis Group NV (AZLGF), the current Piotroski F-Score is 4 as of Jul. 31, 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 Azelis Group NV (AZLGF) Overvalued in 2026?
Based on GuruFocus' analysis, Azelis Group NV stock appears to be undervalued.
The current stock price of $11.32 is trading 38.6% below its estimated GF Value™ of $18.43.
GuruFocus considers Azelis Group NV to be Significantly Undervalued.
Key valuation signals for AZLGF:
Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
GF Value™: $18.43 vs. price of $11.32 (38.6% below fair value)
Industry Position: 20% below the Chemicals median (#1020 of 1558)
No single metric tells the full story. See the AZLGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Azelis Group NV is an innovation service provider and distributor of speciality chemicals and food ingredients. The Group provides innovation services, multi-product formulations, technical and regulatory expertise, co-creation support, digital solutions, and supply chain services. It serves Food & Nutrition, Animal Nutrition, Personal Care, Home Care & Industrial Cleaning, Pharmaceuticals & Healthcare, Agriculture & Environmental Solutions, Flavours & Fragrances, and Nutraceuticals. The Group operates through four segments: EMEA, Americas, Asia Pacific, and Group holding & other, covering operating companies across Europe, the Middle East and Africa, the United States, Canada, Mexico and South America, Asia, and the Pacific region.
74GF Score
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