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Elopak ASAELPKF 91 Piotroski F-Score is 7 as of Aug. 28, 2026, which is at its 10-year median of 7.00. GuruFocus rates ELPKF with a GF Score™ of 91/100 and a GF Value™ of $3.23. The stock has 3 warning signs investors should review. Among 397 Packaging & Containers companies, Elopak ASA ranks better than 89.67% on this metric.
Good Sign:
Piotroski F-Score is 7, 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
Elopak ASA 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 Elopak ASA's Piotroski F-Score or its related term are showing as below:
ELPKF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 6 Med: 7 Max: 9
Current: 7
During the past 8 years, the highest Piotroski F-Score of Elopak ASA was 9. The lowest was 6. And the median was 7.
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.
Elopak ASA Piotroski F-Score Related Terms
Elopak ASA Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Elopak ASA'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.
ELPKF vs SW, PKG, IP: Piotroski F-Score Comparison
For the Packaging & Containers subindustry, Elopak ASA'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.
Elopak ASA Piotroski F-Score vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Elopak ASA's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Elopak ASA'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.
Elopak ASA's current Net Income (TTM) was 79.
==> 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.
Elopak ASA's return on assets of this year was 0.06538861. Elopak ASA's return on assets of last year was 0.0512626.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Elopak ASA's gearing of this year was 0.37605415. Elopak ASA's gearing of last year was 0.38523544.
==> 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
Elopak ASA's current ratio of this year was 1.50295942. Elopak ASA's current ratio of last year was 1.47332503.
==> 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.
Elopak ASA's number of shares in issue this year was 268.899. Elopak ASA's number of shares in issue last year was 268.952.
==> 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.
Elopak ASA's gross margin of this year was 0.37886841. Elopak ASA's gross margin of last year was 0.37594162.
==> 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
Elopak ASA's asset turnover of this year was 1.16048729. Elopak ASA's asset turnover of last year was 1.21246457.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Elopak ASA has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Elopak ASA (ELPKF) has a Piotroski F-Score of 7 as of Aug. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Elopak ASA and its competitors. This is near median its historical median of 7.00. Over the past decade, Elopak ASA's Piotroski F-Score has ranged from 6.00 to 9.00. According to the industry distribution chart, Elopak ASA ranks #41 out of 397 companies in the Packaging & Containers industry, placing it in the top 10.3%.
Is Elopak ASA's Piotroski F-Score too high?
Elopak ASA's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 6.00 to a high of 9.00. The Packaging & Containers industry median Piotroski F-Score is 5.00. Elopak ASA's value of 7 is 40% above this industry median. Based on the distribution chart, Elopak ASA ranks #41 out of 397 companies in the Packaging & Containers industry, which is in the top quartile — a strong position relative to peers. Overall, Elopak ASA has a GF Score™ of 91/100, reflecting its overall financial health beyond just this single metric.
How does Elopak ASA's Piotroski F-Score compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Elopak ASA ranks #41 out of 397 companies for Piotroski F-Score. This places Elopak ASA in the top 10% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Elopak ASA's value of 7 is 40% above this benchmark. Historically, Elopak ASA's own Piotroski F-Score has ranged from 6.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Elopak ASA 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 Packaging & Containers company?
The median Piotroski F-Score among Packaging & Containers companies is 5.00, based on 397 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. Elopak ASA's current Piotroski F-Score of 7 is 40% 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 Elopak ASA and its competitors. For the Packaging & Containers 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. Elopak ASA's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elopak ASA stock overvalued right now?
Elopak ASA (ELPKF) has a current Piotroski F-Score of 7. The stock's GF Value™ is $3.23, compared to a current price of $2.81 — trading 13% below its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Packaging & Containers industry median of 5.00. Elopak ASA's overall GF Score™ is 91/100 with 3 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 Elopak ASA (ELPKF), the current Piotroski F-Score is 7 as of Aug. 28, 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 Elopak ASA (ELPKF) Overvalued in 2026?
Based on GuruFocus' analysis, Elopak ASA stock appears to be undervalued.
The current stock price of $2.81 is trading 13% below its estimated GF Value™ of $3.23.
Key valuation signals for ELPKF:
Piotroski F-Score: 7 (near median its 10-year median of 7.00)
GF Value™: $3.23 vs. price of $2.81 (13% below fair value)
Industry Position: 40% above the Packaging & Containers median (#41 of 397)
No single metric tells the full story. See the ELPKF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elopak ASA is a supplier of carton packaging, filling equipment, and technical services. It uses renewable, recyclable, and sustainably sourced materials to provide packaging solutions. The company offers a natural and convenient alternative to plastic bottles and fits within a low-carbon circular economy. It generates the majority of its revenue from Cartons and closures, followed by Equipment and services. The company's geographical areas include Germany, the United States, Canada, the Netherlands, Norway, and others.
91GF Score
Get the complete analysis for ELPKF
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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