Invisio AB (CHIX:IVSOS) Piotroski F-Score: 5 (As of Jun. 26, 2026) — 17% Below Median


CHIX:IVSOS Invisio AB CHIX:IVSOS
91 GF Score
Price kr227.10
GF Value kr317.64
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Invisio AB Piotroski F-Score?

Invisio AB CHIX:IVSOS 91 Piotroski F-Score is 5 as of Jun. 26, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates CHIX:IVSOS with a GF Score™ of 91/100 and a GF Value™ of kr317.64 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 2,426 Hardware companies, Invisio AB ranks better than 59.56% 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

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

CHIX:IVSOs' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of Invisio AB was 9. The lowest was 2. And the median was 6.

Invisio AB  (CHIX:IVSOs) 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.


Invisio AB Piotroski F-Score Related Terms


Invisio AB Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Invisio 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.

Invisio AB Piotroski F-Score Chart

Invisio 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 4.00 5.00 8.00 6.00 6.00

Invisio 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 7.00 7.00 6.00 6.00 5.00

CHIX:IVSOS vs CSCO, CIEN, MSI: Piotroski F-Score Comparison

For the Communication Equipment subindustry, Invisio 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.


Invisio AB Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, Invisio AB's Piotroski F-Score distribution charts can be found below:

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


CHIX:IVSOS
91GF Score
Invisio AB CHIX:IVSOS
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 31.4 + -4.2 + 166.4 + 28.9 = kr223 Mil.
Cash Flow from Operations was -1.6 + 105.8 + 54.8 + 47.9 = kr207 Mil.
Revenue was 426.9 + 291.3 + 684 + 430.5 = kr1,833 Mil.
Gross Profit was 242.1 + 166 + 409.3 + 233.9 = kr1,051 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1332.1 + 1436.1 + 1420.8 + 1606.6 + 1645.4) / 5 = kr1488.2 Mil.
Total Assets at the begining of this year (Mar25) was kr1,332 Mil.
Long-Term Debt & Capital Lease Obligation was kr64 Mil.
Total Current Assets was kr1,160 Mil.
Total Current Liabilities was kr306 Mil.
Net Income was 73.9 + 38.9 + 157.7 + 24.5 = kr295 Mil.

Revenue was 552.7 + 351.7 + 594.1 + 334.8 = kr1,833 Mil.
Gross Profit was 257.4 + 202.8 + 358.8 + 196.4 = kr1,015 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1106.8 + 1137 + 1223.3 + 1424 + 1332.1) / 5 = kr1244.64 Mil.
Total Assets at the begining of last year (Mar24) was kr1,107 Mil.
Long-Term Debt & Capital Lease Obligation was kr23 Mil.
Total Current Assets was kr933 Mil.
Total Current Liabilities was kr273 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.

Invisio AB's current Net Income (TTM) was 223. ==> 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.

Invisio AB's current Cash Flow from Operations (TTM) was 207. ==> 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)
=222.5/1332.1
=0.1670295

ROA (Last Year)=Net Income/Total Assets (Mar24)
=295/1106.8
=0.26653415

Invisio AB's return on assets of this year was 0.1670295. Invisio AB's return on assets of last year was 0.26653415. ==> 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.

Invisio AB's current Net Income (TTM) was 223. Invisio AB's current Cash Flow from Operations (TTM) was 207. ==> 207 <= 223 ==> 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
=63.6/1488.2
=0.04273619

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=22.9/1244.64
=0.01839889

Invisio AB's gearing of this year was 0.04273619. Invisio AB's gearing of last year was 0.01839889. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=1160/305.8
=3.79332897

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=933/272.6
=3.42259721

Invisio AB's current ratio of this year was 3.79332897. Invisio AB's current ratio of last year was 3.42259721. ==> 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.

Invisio AB's number of shares in issue this year was 46.858. Invisio AB's number of shares in issue last year was 47.031. ==> 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
=1051.3/1832.7
=0.57363453

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1015.4/1833.3
=0.55386462

Invisio AB's gross margin of this year was 0.57363453. Invisio AB's gross margin of last year was 0.55386462. ==> 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)
=1832.7/1332.1
=1.37579761

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1833.3/1106.8
=1.65639682

Invisio AB's asset turnover of this year was 1.37579761. Invisio AB's asset turnover of last year was 1.65639682. ==> 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+0+0+0+1+1+1+0
=5

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

Invisio AB has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 5 mean?
Invisio AB (CHIX:IVSOS) has a Piotroski F-Score of 5 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Invisio AB and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Invisio AB's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Invisio AB ranks #981 out of 2426 companies in the Hardware industry, placing it in the top 40.4%.
Is Invisio AB's Piotroski F-Score too high?
Invisio AB's current Piotroski F-Score of 5 is 17% below 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 9.00. The Hardware industry median Piotroski F-Score is 5.00. Invisio AB's value of 5 is 0% at this industry median. Based on the distribution chart, Invisio AB ranks #981 out of 2426 companies in the Hardware industry, which is above the industry midpoint. Overall, Invisio AB has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Invisio AB's Piotroski F-Score compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Invisio AB ranks #981 out of 2426 companies for Piotroski F-Score. This puts Invisio AB in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Invisio AB's value of 5 is 0% at this benchmark. Historically, Invisio AB's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Invisio AB has consistently been at 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 2,426 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. Invisio AB's current Piotroski F-Score of 5 is 0% at 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 Invisio AB 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. Invisio AB's current Piotroski F-Score is 5, which is 17% 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 Invisio AB stock overvalued right now?
Based on GuruFocus' analysis, Invisio AB (CHIX:IVSOS) is currently considered Modestly Undervalued. The stock's GF Value™ is kr317.64, compared to a current price of kr227.10 — trading 28.5% below its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Hardware industry median of 5.00. Invisio AB's overall GF Score™ is 91/100 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 Invisio AB (CHIX:IVSOS), the current Piotroski F-Score is 5 as of Jun. 26, 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 Invisio AB (CHIX:IVSOS) Overvalued in 2026?

Based on GuruFocus' analysis, Invisio AB stock appears to be undervalued. The current stock price of kr227.10 is trading 28.5% below its estimated GF Value™ of kr317.64. GuruFocus considers Invisio AB to be Modestly Undervalued.

Key valuation signals for CHIX:IVSOS:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: kr317.64 vs. price of kr227.10 (28.5% below fair value)
  • GF Score™: 91/100 with 1 warning sign
  • Industry Position: 0% at the Hardware median (#981 of 2426)

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


Invisio AB Business Description

Address Stamholmen 157, Hvidovre, DNK, DK-2650
Invisio AB develops and markets developed, integrated communications systems that help professionals in noisy and mission-critical environments to work more safely and effectively while protecting their hearing. The solutions are marketed under the INVISIO and Racal Acoustics brands. The company operates in USA, France, UK, Italy, Sweden, Canada and Thailand.
91GF Score

Get the complete analysis for CHIX:IVSOS

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

kr227.10
Price
kr317.64
GF Value