Atlanticpphire ASA (CHIX:ASAO) Piotroski F-Score: 3 (As of Jul. 07, 2026) — Near Median


CHIX:ASAO Atlantic Sapphire ASA CHIX:ASAO
34 GF Score
Price kr3,600.00
GF Value kr18,936.99
! 8 Warning Signs
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What is Atlanticpphire ASA Piotroski F-Score?

Atlanticpphire ASA CHIX:ASAO 34 Piotroski F-Score is 3 as of Jul. 07, 2026, which is at its 10-year median of 3.00. GuruFocus rates CHIX:ASAO with a GF Score™ of 34/100 and a GF Value™ of kr18,936.99. The stock has 8 warning signs investors should review. Among 1,912 Consumer Packaged Goods companies, Atlanticpphire ASA ranks worse than 84.47% on this metric.

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Atlanticpphire ASA has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Atlanticpphire ASA's Piotroski F-Score or its related term are showing as below:

CHIX:ASAo' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 3   Max: 4
Current: 3

During the past 10 years, the highest Piotroski F-Score of Atlanticpphire ASA was 4. The lowest was 2. And the median was 3.

Atlanticpphire ASA  (CHIX:ASAo) 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.


Atlanticpphire ASA Piotroski F-Score Related Terms


Atlanticpphire ASA Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Atlanticpphire ASA'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.

Atlanticpphire ASA Piotroski F-Score Chart

Atlanticpphire ASA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 4.00 3.00 4.00 3.00

Atlanticpphire ASA Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 3.00 0.00 4.00 0.00 3.00

CHIX:ASAO vs ADM, BG, TSN: Piotroski F-Score Comparison

For the Farm Products subindustry, Atlanticpphire ASA'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.


Atlanticpphire ASA Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Atlanticpphire ASA's Piotroski F-Score distribution charts can be found below:

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


CHIX:ASAO
34GF Score
Atlantic Sapphire ASA CHIX:ASAO
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was kr-1,933.1 Mil.
Cash Flow from Operations was kr-617.1 Mil.
Revenue was kr437.5 Mil.
Gross Profit was kr-350.3 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (3070.721 + 1372.487) / 2 = kr2221.604 Mil.
Total Assets at the begining of this year (Dec24) was kr3,070.7 Mil.
Long-Term Debt & Capital Lease Obligation was kr1,133.0 Mil.
Total Current Assets was kr418.7 Mil.
Total Current Liabilities was kr119.2 Mil.
Net Income was kr-1,877.4 Mil.

Revenue was kr256.0 Mil.
Gross Profit was kr-630.8 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (3610.617 + 3070.721) / 2 = kr3340.669 Mil.
Total Assets at the begining of last year (Dec23) was kr3,610.6 Mil.
Long-Term Debt & Capital Lease Obligation was kr711.1 Mil.
Total Current Assets was kr636.0 Mil.
Total Current Liabilities was kr83.7 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.

Atlanticpphire ASA's current Net Income (TTM) was -1,933.1. ==> 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.

Atlanticpphire ASA's current Cash Flow from Operations (TTM) was -617.1. ==> Negative ==> Score 0.

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 (Dec24)
=-1933.066/3070.721
=-0.62951535

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-1877.409/3610.617
=-0.51996902

Atlanticpphire ASA's return on assets of this year was -0.62951535. Atlanticpphire ASA's return on assets of last year was -0.51996902. ==> Last year is higher ==> Score 0.

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.

Atlanticpphire ASA's current Net Income (TTM) was -1,933.1. Atlanticpphire ASA's current Cash Flow from Operations (TTM) was -617.1. ==> -617.1 > -1,933.1 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=1132.963/2221.604
=0.50997523

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=711.138/3340.669
=0.21287293

Atlanticpphire ASA's gearing of this year was 0.50997523. Atlanticpphire ASA's gearing of last year was 0.21287293. ==> 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

Current Ratio (This Year: Dec25)=Total Current Assets/Total Current Liabilities
=418.719/119.15
=3.51421737

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=635.983/83.727
=7.59591291

Atlanticpphire ASA's current ratio of this year was 3.51421737. Atlanticpphire ASA's current ratio of last year was 7.59591291. ==> 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.

Atlanticpphire ASA's number of shares in issue this year was 35.854. Atlanticpphire ASA's number of shares in issue last year was 9.731. ==> 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
=-350.265/437.528
=-0.80055448

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-630.8/256.038
=-2.4636968

Atlanticpphire ASA's gross margin of this year was -0.80055448. Atlanticpphire ASA's gross margin of last year was -2.4636968. ==> 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 (Dec24)
=437.528/3070.721
=0.1424838

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=256.038/3610.617
=0.07091253

Atlanticpphire ASA's asset turnover of this year was 0.1424838. Atlanticpphire ASA's asset turnover of last year was 0.07091253. ==> 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+0+0+1+0+0+0+1+1
=3

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

Atlanticpphire ASA has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
Atlanticpphire ASA (CHIX:ASAO) has a Piotroski F-Score of 3 as of Jul. 07, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Atlanticpphire ASA and its competitors. This is near median its historical median of 3.00. Over the past decade, Atlanticpphire ASA's Piotroski F-Score has ranged from 2.00 to 4.00. According to the industry distribution chart, Atlanticpphire ASA ranks #1615 out of 1912 companies in the Consumer Packaged Goods industry, placing it in the top 84.5%.
Is Atlanticpphire ASA's Piotroski F-Score too high?
Atlanticpphire ASA's current Piotroski F-Score of 3 is near median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 4.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Atlanticpphire ASA's value of 3 is 40% below this industry median. Based on the distribution chart, Atlanticpphire ASA ranks #1615 out of 1912 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Atlanticpphire ASA has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Atlanticpphire ASA's Piotroski F-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Atlanticpphire ASA ranks #1615 out of 1912 companies for Piotroski F-Score. This places Atlanticpphire ASA in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Atlanticpphire ASA's value of 3 is 40% below this benchmark. Historically, Atlanticpphire ASA's own Piotroski F-Score has ranged from 2.00 to 4.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Atlanticpphire ASA 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,912 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. Atlanticpphire ASA's current Piotroski F-Score of 3 is 40% 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 Atlanticpphire ASA and its competitors. For the Consumer Packaged Goods 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. Atlanticpphire ASA's current Piotroski F-Score is 3, which is near median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atlanticpphire ASA stock overvalued right now?
Atlanticpphire ASA (CHIX:ASAO) has a current Piotroski F-Score of 3. The stock's GF Value™ is kr18,936.99, compared to a current price of kr3,600.00 — trading 81% below its estimated fair value. The current Piotroski F-Score is 3, which is near median its 10-year median of 3.00 and 40% below the Consumer Packaged Goods industry median of 5.00. Atlanticpphire ASA's overall GF Score™ is 34/100 with 8 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 Atlanticpphire ASA (CHIX:ASAO), the current Piotroski F-Score is 3 as of Jul. 07, 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 Atlanticpphire ASA (CHIX:ASAO) Overvalued in 2026?

Based on GuruFocus' analysis, Atlanticpphire ASA stock appears to be undervalued. The current stock price of kr3,600.00 is trading 81% below its estimated GF Value™ of kr18,936.99.

Key valuation signals for CHIX:ASAO:

  • Piotroski F-Score: 3 (near median its 10-year median of 3.00)
  • GF Value™: kr18,936.99 vs. price of kr3,600.00 (81% below fair value)
  • GF Score™: 34/100 with 8 warning signs
  • Industry Position: 40% below the Consumer Packaged Goods median (#1615 of 1912)

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


Atlanticpphire ASA Business Description

Address Daugstadvegen 445, Vikebukt, NOR, 6392
Atlantic Sapphire ASA is a land-based aquaculture company. It owns and operates a land-based Atlantic salmon farm in Homestead, Florida, United States (the Miami Bluehouse facility), and derives revenue from the sale of salmon. The company's reportable segments comprise U.S. Operations, which generates a majority of its revenue, and Denmark Operations.
34GF Score

Get the complete analysis for CHIX:ASAO

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

kr3,600.00
Price
kr18,936.99
GF Value