GrafTech InternationalEAF -1.99%53 Piotroski F-Score is 2 as of Jun. 24, 2026, which is 67% below its 10-year median of 6.00. GuruFocus rates EAF with a GF Score™ of 53/100 and a GF Value™ of $13.35 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,979 Industrial Products companies, GrafTech International ranks worse than 92.98% on this metric.
Warning Sign:
Piotroski F-Score of 2 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
GrafTech International has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for GrafTech International's Piotroski F-Score or its related term are showing as below:
EAF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 6 Max: 8
Current: 2
During the past 13 years, the highest Piotroski F-Score of GrafTech International was 8. The lowest was 1. And the median was 6.
GrafTech International (NYSE:EAF) 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.
GrafTech International Piotroski F-Score Related Terms
GrafTech International Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for GrafTech International'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.
EAF vs RFIL, TGEN, ESP: Piotroski F-Score Comparison
For the Electrical Equipment & Parts subindustry, GrafTech International'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.
GrafTech International Piotroski F-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, GrafTech International's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where GrafTech International'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.
GrafTech International's current Net Income (TTM) was -223.8.
==> 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.
GrafTech International's current Cash Flow from Operations (TTM) was -64.4.
==> 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.
GrafTech International's return on assets of this year was -0.1852705. GrafTech International's return on assets of last year was -0.11485318.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
GrafTech International's gearing of this year was 1.00543971. GrafTech International's gearing of last year was 0.91441218.
==> 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
GrafTech International's current ratio of this year was 3.32795803. GrafTech International's current ratio of last year was 4.16303002.
==> 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.
GrafTech International's number of shares in issue this year was 26.09. GrafTech International's number of shares in issue last year was 25.837.
==> 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.
GrafTech International's gross margin of this year was -0.05596874. GrafTech International's gross margin of last year was -0.03939405.
==> 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
GrafTech International's asset turnover of this year was 0.42839554. GrafTech International's asset turnover of last year was 0.4227716.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
GrafTech International has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
GrafTech International (EAF) has a Piotroski F-Score of 2 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on GrafTech International and its competitors. This is 67% below median its historical median of 6.00. Over the past decade, GrafTech International's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, GrafTech International ranks #2770 out of 2979 companies in the Industrial Products industry, placing it in the top 93%.
Is GrafTech International's Piotroski F-Score too high?
GrafTech International's current Piotroski F-Score of 2 is 67% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Industrial Products industry median Piotroski F-Score is 5.00. GrafTech International's value of 2 is 60% below this industry median. Based on the distribution chart, GrafTech International ranks #2770 out of 2979 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, GrafTech International has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does GrafTech International's Piotroski F-Score compare to RFIL and TGEN?
According to the Industrial Products industry distribution chart, GrafTech International ranks #2770 out of 2979 companies for Piotroski F-Score. This places GrafTech International in the lower half of its industry. The industry median Piotroski F-Score is 5.00. GrafTech International's value of 2 is 60% below this benchmark. Historically, GrafTech International'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 6.00 vs. the industry median of 5.00, GrafTech International 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,979 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. GrafTech International's current Piotroski F-Score of 2 is 60% 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 GrafTech International and its competitors. For the Industrial Products 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. GrafTech International's current Piotroski F-Score is 2, which is 67% 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 GrafTech International stock overvalued right now?
Based on GuruFocus' analysis, GrafTech International (EAF) is currently considered Possible Value Trap. The stock's GF Value™ is $13.35, compared to a current price of $6.88 — trading 48.5% below its estimated fair value. The current Piotroski F-Score is 2, which is 67% below median its 10-year median of 6.00 and 60% below the Industrial Products industry median of 5.00. GrafTech International's overall GF Score™ is 53/100 with 4 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 GrafTech International (EAF), the current Piotroski F-Score is 2 as of Jun. 24, 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 GrafTech International (EAF) Overvalued in 2026?
Based on GuruFocus' analysis, GrafTech International stock appears to be undervalued.
The current stock price of $6.88 is trading 48.5% below its estimated GF Value™ of $13.35.
GuruFocus considers GrafTech International to be Possible Value Trap.
Key valuation signals for EAF:
Piotroski F-Score: 2 (67% below median its 10-year median of 6.00)
GF Value™: $13.35 vs. price of $6.88 (48.5% below fair value)
Industry Position: 60% below the Industrial Products median (#2770 of 2979)
No single metric tells the full story. See the EAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GrafTech International Ltd is a manufacturer of high-quality graphite electrode products essential to the production of EAF steel and other ferrous and non-ferrous metals. The company has only reportable segment, Industrial Materials, is comprised of its two product categories: graphite electrodes and petroleum needle coke products used as raw material in the production of graphite electrodes.
53GF Score
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