Cantargia AB (CHIX:CANTAS) Piotroski F-Score: 8 (As of Jun. 27, 2026) — 167% Above Median


CHIX:CANTAS Cantargia AB CHIX:CANTAS
37 GF Score
Price kr4.17
! 2 Warning Signs
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What is Cantargia AB Piotroski F-Score?

Cantargia AB CHIX:CANTAS 37 Piotroski F-Score is 8 as of Jun. 27, 2026, which is 167% above its 10-year median of 3.00. GuruFocus rates CHIX:CANTAS with a GF Score™ of 37/100. The stock has 2 warning signs investors should review. Among 1,342 Biotechnology companies, Cantargia AB ranks better than 99.33% 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

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

CHIX:CANTAs' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Cantargia AB was 8. The lowest was 1. And the median was 3.

Cantargia AB  (CHIX:CANTAs) 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.


Cantargia AB Piotroski F-Score Related Terms


Cantargia AB Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Cantargia 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.

Cantargia AB Piotroski F-Score Chart

Cantargia 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 3.00 2.00 2.00 1.00 8.00

Cantargia 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 2.00 2.00 8.00 8.00 8.00

CHIX:CANTAS vs VRTX, REGN, ALNY: Piotroski F-Score Comparison

For the Biotechnology subindustry, Cantargia 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.


Cantargia AB Piotroski F-Score vs Biotechnology Industry

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

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


CHIX:CANTAS
37GF Score
Cantargia AB CHIX:CANTAS
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 -39.277 + 265.51 + -32.336 + -32.97 = kr160.9 Mil.
Cash Flow from Operations was -44.095 + 280.72 + -52.627 + -25.909 = kr158.1 Mil.
Revenue was 0 + 308.69 + 8.012 + 0.508 = kr317.2 Mil.
Gross Profit was 0 + 308.69 + 8.012 + 0.508 = kr317.2 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(118.472 + 93.033 + 358.887 + 296.66 + 267.838) / 5 = kr226.978 Mil.
Total Assets at the begining of this year (Mar25) was kr118.5 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.0 Mil.
Total Current Assets was kr264.8 Mil.
Total Current Liabilities was kr32.7 Mil.
Net Income was -43.291 + -42.023 + -39.383 + -46.922 = kr-171.6 Mil.

Revenue was 0 + 0 + 0 + 0 = kr0.0 Mil.
Gross Profit was 0 + 0 + 0 + 0 = kr0.0 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(171.371 + 121.955 + 79.024 + 170.427 + 118.472) / 5 = kr132.2498 Mil.
Total Assets at the begining of last year (Mar24) was kr171.4 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.0 Mil.
Total Current Assets was kr113.3 Mil.
Total Current Liabilities was kr48.6 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.

Cantargia AB's current Net Income (TTM) was 160.9. ==> 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.

Cantargia AB's current Cash Flow from Operations (TTM) was 158.1. ==> 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.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=160.927/118.472
=1.35835472

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-171.619/171.371
=-1.00144715

Cantargia AB's return on assets of this year was 1.35835472. Cantargia AB's return on assets of last year was -1.00144715. ==> 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.

Cantargia AB's current Net Income (TTM) was 160.9. Cantargia AB's current Cash Flow from Operations (TTM) was 158.1. ==> 158.1 <= 160.9 ==> CFROA <= ROA ==> Score 0.

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
=0/226.978
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/132.2498
=0

Cantargia AB's gearing of this year was 0. Cantargia 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
=264.813/32.735
=8.08959829

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=113.251/48.608
=2.32988397

Cantargia AB's current ratio of this year was 8.08959829. Cantargia AB's current ratio of last year was 2.32988397. ==> 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.

Cantargia AB's number of shares in issue this year was 248.612. Cantargia AB's number of shares in issue last year was 248.612. ==> 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
=317.21/317.21
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0/0
=

Cantargia AB's gross margin of this year was 1. Cantargia AB's gross margin of last year was . ==> 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)
=317.21/118.472
=2.6775103

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=0/171.371
=0

Cantargia AB's asset turnover of this year was 2.6775103. Cantargia AB's asset turnover of last year was 0. ==> 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+0+1+1+1+1+1
=8

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

Cantargia 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?
Cantargia AB (CHIX:CANTAS) has a Piotroski F-Score of 8 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Cantargia AB and its competitors. This is 167% above median its historical median of 3.00. Over the past decade, Cantargia AB's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Cantargia AB ranks #9 out of 1342 companies in the Biotechnology industry, placing it in the top 0.7%.
Is Cantargia AB's Piotroski F-Score too high?
Cantargia AB's current Piotroski F-Score of 8 is 167% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Biotechnology industry median Piotroski F-Score is 3.00. Cantargia AB's value of 8 is 166.7% above this industry median. Based on the distribution chart, Cantargia AB ranks #9 out of 1342 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, Cantargia AB has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Cantargia AB's Piotroski F-Score compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Cantargia AB ranks #9 out of 1342 companies for Piotroski F-Score. This places Cantargia AB in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Cantargia AB's value of 8 is 166.7% above this benchmark. Historically, Cantargia AB's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 3.00, Cantargia 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 Biotechnology company?
The median Piotroski F-Score among Biotechnology companies is 3.00, based on 1,342 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. Cantargia AB's current Piotroski F-Score of 8 is 166.7% 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 Cantargia AB and its competitors. For the Biotechnology industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cantargia AB's current Piotroski F-Score is 8, which is 167% above 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 Cantargia AB stock overvalued right now?
Cantargia AB (CHIX:CANTAS) has a current Piotroski F-Score of 8. The current Piotroski F-Score is 8, which is 167% above median its 10-year median of 3.00 and 166.7% above the Biotechnology industry median of 3.00. Cantargia AB's overall GF Score™ is 37/100 with 2 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 Cantargia AB (CHIX:CANTAS), the current Piotroski F-Score is 8 as of Jun. 27, 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.

Cantargia AB Business Description

Other Exchanges CANTA:Sweden7V3:Germany
Address Scheelevagen 27, Lund, SWE, 223 63
Cantargia AB is a Swedish biotech company that develops targeted antibody-based drugs for cancer as well as autoimmune and inflammatory diseases. It has developed specific antibodies against IL1RAP to treat serious, life-threatening diseases. The company's development programme includes the candidate drugs nadunolimab (CAN04) and CAN10, both in the clinical development stage, which were latter acquired by Otsuka Pharmaceutical in 2025. In addition, the company is also developing a a pre-clinical project CAN14, derived from antibody platform CANxx. Geographically, the company's revenues have been generated in the markets of Japan and United States.
37GF Score

Get the complete analysis for CHIX:CANTAS

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

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