Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Arteche Lantegi ElekarteaCHIX:ARTE 57 Piotroski F-Score is 6 as of Aug. 11, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates CHIX:ARTE with a GF Score™ of 57/100 and a GF Value™ of €7.80 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,419 Hardware companies, Arteche Lantegi Elekartea ranks better than 79% 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
Arteche Lantegi Elekartea 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 Arteche Lantegi Elekartea's Piotroski F-Score or its related term are showing as below:
CHIX:ARTe'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 7 Max: 9
Current: 6
During the past 7 years, the highest Piotroski F-Score of Arteche Lantegi Elekartea was 9. The lowest was 4. And the median was 7.
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.
Arteche Lantegi Elekartea Piotroski F-Score Related Terms
Arteche Lantegi Elekartea 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.
CHIX:ARTE vs APH, GLW, TEL: Piotroski F-Score Comparison
For the Electronic Components subindustry, Arteche Lantegi Elekartea'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.
Arteche Lantegi Elekartea Piotroski F-Score vs Hardware Industry
For the Hardware industry and Technology sector, Arteche Lantegi Elekartea's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Arteche Lantegi Elekartea'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.
Arteche Lantegi Elekartea's current Net Income (TTM) was 45.3.
==> 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.
Score 1 if positive, 0 if negative.
Arteche Lantegi Elekartea's current Cash Flow from Operations (TTM) was 51.1.
==> 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.
Arteche Lantegi Elekartea's return on assets of this year was 0.1095013. Arteche Lantegi Elekartea's return on assets of last year was 0.07145952.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Arteche Lantegi Elekartea's gearing of this year was 0.16280749. Arteche Lantegi Elekartea's gearing of last year was 0.19233618.
==> 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
Arteche Lantegi Elekartea's current ratio of this year was 1.20781687. Arteche Lantegi Elekartea's current ratio of last year was 1.2286864.
==> 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.
Arteche Lantegi Elekartea's number of shares in issue this year was 57.093. Arteche Lantegi Elekartea's number of shares in issue last year was 56.98.
==> 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.
Arteche Lantegi Elekartea's gross margin of this year was 0.52354718. Arteche Lantegi Elekartea's gross margin of last year was 0.51647098.
==> 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
Arteche Lantegi Elekartea's asset turnover of this year was 1.22934413. Arteche Lantegi Elekartea's asset turnover of last year was 1.34502917.
==> 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
=
1
+
1
+
1
+
1
+
1
+
0
+
0
+
1
+
0
=
6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Arteche Lantegi Elekartea has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Arteche Lantegi Elekartea (CHIX:ARTE) has a Piotroski F-Score of 6 as of Aug. 11, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Arteche Lantegi Elekartea and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Arteche Lantegi Elekartea's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Arteche Lantegi Elekartea ranks #508 out of 2419 companies in the Hardware industry, placing it in the top 21%.
Is Arteche Lantegi Elekartea's Piotroski F-Score too high?
Arteche Lantegi Elekartea's current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Hardware industry median Piotroski F-Score is 5.00. Arteche Lantegi Elekartea's value of 6 is 20% above this industry median. Based on the distribution chart, Arteche Lantegi Elekartea ranks #508 out of 2419 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Arteche Lantegi Elekartea has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Arteche Lantegi Elekartea's Piotroski F-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Arteche Lantegi Elekartea ranks #508 out of 2419 companies for Piotroski F-Score. This places Arteche Lantegi Elekartea in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Arteche Lantegi Elekartea's value of 6 is 20% above this benchmark. Historically, Arteche Lantegi Elekartea'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 7.00 vs. the industry median of 5.00, Arteche Lantegi Elekartea 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,419 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. Arteche Lantegi Elekartea'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 Arteche Lantegi Elekartea and its competitors. For the Hardware 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. Arteche Lantegi Elekartea's current Piotroski F-Score is 6, which is 14% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arteche Lantegi Elekartea stock overvalued right now?
Based on GuruFocus' analysis, Arteche Lantegi Elekartea (CHIX:ARTE) is currently considered Significantly Overvalued. The stock's GF Value™ is €7.80, compared to a current price of €28.80 — trading 269.2% above its estimated fair value. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Hardware industry median of 5.00. Arteche Lantegi Elekartea's overall GF Score™ is 57/100 with 1 warning sign 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 Arteche Lantegi Elekartea (CHIX:ARTE), the current Piotroski F-Score is 6 as of Aug. 11, 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 Arteche Lantegi Elekartea (CHIX:ARTE) Overvalued in 2026?
Based on GuruFocus' analysis, Arteche Lantegi Elekartea stock appears to be overvalued.
The current stock price of €28.80 is trading 269.2% above its estimated GF Value™ of €7.80.
GuruFocus considers Arteche Lantegi Elekartea to be Significantly Overvalued.
Key valuation signals for CHIX:ARTE:
Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
GF Value™: €7.80 vs. price of €28.80 (269.2% above fair value)
Industry Position: 20% above the Hardware median (#508 of 2419)
No single metric tells the full story. See the CHIX:ARTE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Arteche Lantegi Elekartea SA is a company specializing in electrical equipment and solutions for power generation, transmission, and distribution. It designs and manufactures products such as instrument transformers, relays, and protection systems. The group operates in over 175 countries world-wide. It focuses on innovation, reliability, and supporting the transition to more efficient and sustainable energy systems.
57GF Score
Get the complete analysis for CHIX:ARTE
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
CHIX:ARTE has been successfully added to your 
