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.
Tele2 ABCHIX:TEL2BS 69 Piotroski F-Score is 6 as of Jul. 27, 2026, which is at its 10-year median of 6.00. GuruFocus rates CHIX:TEL2BS with a GF Score™ of 69/100 and a GF Value™ of kr121.05 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 353 Telecommunication Services companies, Tele2 AB ranks better than 68.84% 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
Tele2 AB 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 Tele2 AB's Piotroski F-Score or its related term are showing as below:
CHIX:TEL2Bs'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 8
Current: 6
During the past 13 years, the highest Piotroski F-Score of Tele2 AB was 8. The lowest was 4. And the median was 6.
Tele2 AB (CHIX:TEL2Bs) 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.
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.
Tele2 AB Piotroski F-Score Related Terms
Tele2 AB Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Tele2 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.
CHIX:TEL2BS vs VZ, TMUS, T: Piotroski F-Score Comparison
For the Telecom Services subindustry, Tele2 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.
Tele2 AB Piotroski F-Score vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Tele2 AB's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Tele2 AB'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.
Tele2 AB's current Net Income (TTM) was 10,114.
==> 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.
Tele2 AB's return on assets of this year was 0.15965272. Tele2 AB's return on assets of last year was 0.06392188.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Tele2 AB's current ratio of this year was 0.6969089. Tele2 AB's current ratio of last year was 0.43815689.
==> 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.
Tele2 AB's number of shares in issue this year was 698.506. Tele2 AB's number of shares in issue last year was 697.522.
==> 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.
Tele2 AB's gross margin of this year was 0.43265049. Tele2 AB's gross margin of last year was 0.43656401.
==> Last year's gross margin is higher ==> Score 0.
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
Tele2 AB's asset turnover of this year was 0.47543804. Tele2 AB's asset turnover of last year was 0.45563206.
==> 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
+
0
+
1
+
0
+
0
+
1
=
6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Tele2 AB has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Tele2 AB (CHIX:TEL2BS) has a Piotroski F-Score of 6 as of Jul. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Tele2 AB and its competitors. This is near median its historical median of 6.00. Over the past decade, Tele2 AB's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Tele2 AB ranks #110 out of 353 companies in the Telecommunication Services industry, placing it in the top 31.2%.
Is Tele2 AB's Piotroski F-Score too high?
Tele2 AB's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Telecommunication Services industry median Piotroski F-Score is 6.00. Tele2 AB's value of 6 is 0% at this industry median. Based on the distribution chart, Tele2 AB ranks #110 out of 353 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Tele2 AB has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tele2 AB's Piotroski F-Score compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Tele2 AB ranks #110 out of 353 companies for Piotroski F-Score. This puts Tele2 AB in the upper half of its industry. The industry median Piotroski F-Score is 6.00. Tele2 AB's value of 6 is 0% at this benchmark. Historically, Tele2 AB's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Tele2 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 Telecommunication Services company?
The median Piotroski F-Score among Telecommunication Services companies is 6.00, based on 353 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. Tele2 AB's current Piotroski F-Score of 6 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 Tele2 AB and its competitors. For the Telecommunication Services industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tele2 AB's current Piotroski F-Score is 6, which is near 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 Tele2 AB stock overvalued right now?
Based on GuruFocus' analysis, Tele2 AB (CHIX:TEL2BS) is currently considered Significantly Overvalued. The stock's GF Value™ is kr121.05, compared to a current price of kr160.95 — trading 33% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 0% at the Telecommunication Services industry median of 6.00. Tele2 AB's overall GF Score™ is 69/100 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 Tele2 AB (CHIX:TEL2BS), the current Piotroski F-Score is 6 as of Jul. 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.
Is Tele2 AB (CHIX:TEL2BS) Overvalued in 2026?
Based on GuruFocus' analysis, Tele2 AB stock appears to be overvalued.
The current stock price of kr160.95 is trading 33% above its estimated GF Value™ of kr121.05.
GuruFocus considers Tele2 AB to be Significantly Overvalued.
Key valuation signals for CHIX:TEL2BS:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: kr121.05 vs. price of kr160.95 (33% above fair value)
Industry Position: 0% at the Telecommunication Services median (#110 of 353)
No single metric tells the full story. See the CHIX:TEL2BS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tele2 is the second-largest telecom operator by market share in Sweden, after Telia. Tele2 was a pure mobile operator until 2018 when it acquired Com Hem, Sweden's largest cable company. Tele2 is also present in the Baltic markets, where it runs a pure mobile business. Tele2 is a well-managed firm, showing good cost discipline and a healthy dividend policy, which we expect will remain.
69GF Score
Get the complete analysis for CHIX:TEL2BS
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:TEL2BS has been successfully added to your 
