BioGaia AB (CHIX:BIOGBS) Piotroski F-Score: 8 (As of Jun. 29, 2026) — 33% Above Median


CHIX:BIOGBS BioGaia AB CHIX:BIOGBS
100 GF Score
Price kr120.20
GF Value kr128.61
! 5 Warning Signs
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What is BioGaia AB Piotroski F-Score?

BioGaia AB CHIX:BIOGBS 100 Piotroski F-Score is 8 as of Jun. 29, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates CHIX:BIOGBS with a GF Score™ of 100/100 and a GF Value™ of kr128.61. The stock has 5 warning signs investors should review. Among 978 Drug Manufacturers companies, BioGaia AB ranks better than 98.36% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

BioGaia AB has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

CHIX:BIOGBs' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of BioGaia AB was 8. The lowest was 2. And the median was 6.

BioGaia AB  (CHIX:BIOGBs) 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.


BioGaia AB Piotroski F-Score Related Terms


BioGaia AB Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for BioGaia 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.

BioGaia AB Piotroski F-Score Chart

BioGaia AB 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 6.00 6.00 7.00 5.00 7.00

BioGaia 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 7.00 8.00

CHIX:BIOGBS vs ZTS, UTHR: Piotroski F-Score Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, BioGaia 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.


BioGaia AB Piotroski F-Score vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, BioGaia AB's Piotroski F-Score distribution charts can be found below:

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


CHIX:BIOGBS
100GF Score
BioGaia AB CHIX:BIOGBS
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 87.906 + 65.883 + 98.778 + 79.41 = kr332 Mil.
Cash Flow from Operations was 77.173 + 110.152 + 83.52 + 70.359 = kr341 Mil.
Revenue was 404.692 + 326.638 + 440.573 + 372.551 = kr1,544 Mil.
Gross Profit was 293.881 + 242.505 + 323.831 + 266.782 = kr1,127 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2032.238 + 1432.464 + 1487.046 + 1597.807 + 1694.645) / 5 = kr1648.84 Mil.
Total Assets at the begining of this year (Mar25) was kr2,032 Mil.
Long-Term Debt & Capital Lease Obligation was kr0 Mil.
Total Current Assets was kr1,316 Mil.
Total Current Liabilities was kr266 Mil.
Net Income was 111.01 + 36.602 + 81.929 + 80.197 = kr310 Mil.

Revenue was 384.122 + 303.971 + 364.829 + 366.265 = kr1,419 Mil.
Gross Profit was 284.041 + 222.335 + 258.538 + 268.364 = kr1,033 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2479.984 + 1900.708 + 1904.921 + 2034.006 + 2032.238) / 5 = kr2070.3714 Mil.
Total Assets at the begining of last year (Mar24) was kr2,480 Mil.
Long-Term Debt & Capital Lease Obligation was kr0 Mil.
Total Current Assets was kr1,629 Mil.
Total Current Liabilities was kr150 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.

BioGaia AB's current Net Income (TTM) was 332. ==> 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.

BioGaia AB's current Cash Flow from Operations (TTM) was 341. ==> 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)
=331.977/2032.238
=0.16335537

ROA (Last Year)=Net Income/Total Assets (Mar24)
=309.738/2479.984
=0.12489516

BioGaia AB's return on assets of this year was 0.16335537. BioGaia AB's return on assets of last year was 0.12489516. ==> 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.

BioGaia AB's current Net Income (TTM) was 332. BioGaia AB's current Cash Flow from Operations (TTM) was 341. ==> 341 > 332 ==> 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
=0/1648.84
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/2070.3714
=0

BioGaia AB's gearing of this year was 0. BioGaia AB's gearing of last year was 0. ==> 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
=1315.832/266.485
=4.93773383

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1629.25/150.334
=10.83753509

BioGaia AB's current ratio of this year was 4.93773383. BioGaia AB's current ratio of last year was 10.83753509. ==> 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.

BioGaia AB's number of shares in issue this year was 101.162. BioGaia AB's number of shares in issue last year was 101.162. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=1126.999/1544.454
=0.72970707

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1033.278/1419.187
=0.72807741

BioGaia AB's gross margin of this year was 0.72970707. BioGaia AB's gross margin of last year was 0.72807741. ==> 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)
=1544.454/2032.238
=0.75997693

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1419.187/2479.984
=0.57225651

BioGaia AB's asset turnover of this year was 0.75997693. BioGaia AB's asset turnover of last year was 0.57225651. ==> 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
=1+1+1+1+1+0+1+1+1
=8

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

BioGaia AB has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
BioGaia AB (CHIX:BIOGBS) has a Piotroski F-Score of 8 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on BioGaia AB and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, BioGaia AB's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, BioGaia AB ranks #16 out of 978 companies in the Drug Manufacturers industry, placing it in the top 1.6%.
Is BioGaia AB's Piotroski F-Score too high?
BioGaia AB's current Piotroski F-Score of 8 is 33% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Drug Manufacturers industry median Piotroski F-Score is 5.00. BioGaia AB's value of 8 is 60% above this industry median. Based on the distribution chart, BioGaia AB ranks #16 out of 978 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers. Overall, BioGaia AB has a GF Score™ of 100/100, reflecting its overall financial health beyond just this single metric.
How does BioGaia AB's Piotroski F-Score compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, BioGaia AB ranks #16 out of 978 companies for Piotroski F-Score. This places BioGaia AB in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. BioGaia AB's value of 8 is 60% above this benchmark. Historically, BioGaia AB's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, BioGaia 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 Drug Manufacturers company?
The median Piotroski F-Score among Drug Manufacturers companies is 5.00, based on 978 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. BioGaia AB's current Piotroski F-Score of 8 is 60% 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 BioGaia AB and its competitors. For the Drug Manufacturers 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. BioGaia AB's current Piotroski F-Score is 8, which is 33% 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 BioGaia AB stock overvalued right now?
BioGaia AB (CHIX:BIOGBS) has a current Piotroski F-Score of 8. The stock's GF Value™ is kr128.61, compared to a current price of kr120.20 — trading 6.5% below its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Drug Manufacturers industry median of 5.00. BioGaia AB's overall GF Score™ is 100/100 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 BioGaia AB (CHIX:BIOGBS), the current Piotroski F-Score is 8 as of Jun. 29, 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 BioGaia AB (CHIX:BIOGBS) Overvalued in 2026?

Based on GuruFocus' analysis, BioGaia AB stock appears to be undervalued. The current stock price of kr120.20 is trading 6.5% below its estimated GF Value™ of kr128.61.

Key valuation signals for CHIX:BIOGBS:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: kr128.61 vs. price of kr120.20 (6.5% below fair value)
  • GF Score™: 100/100 with 5 warning signs
  • Industry Position: 60% above the Drug Manufacturers median (#16 of 978)

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


BioGaia AB Business Description

Address Kungsbroplan 3A, Stockholm, SWE, SE-112 27
BioGaia AB is a healthcare company engaged in developing, marketing, and selling probiotic products. The company has three operating segments; Paediatrics segment includes drops, gut health tablets, oral rehydration solution (ORS) and cultures to be used as ingredients in licensee products such as infant formula, as well as royalty revenue for pediatric products, Adult Health segment includes gut health tablets, oral health lozenges and cultures as an ingredient in a licensee's dairy products, and Other segment include royalties in respect of development projects, revenue from packaging solutions in the subsidiary CapAble, etc. Geographically, it operates in three regions: EMEA, the Americas, and APAC (Asia-Pacific, Australia, and New Zealand).
100GF Score

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

kr120.20
Price
kr128.61
GF Value