EMSHF (Ems-Chemie Holding AG) Piotroski F-Score: 5 (As of Jun. 24, 2026) — 17% Below Median


EMSHF Ems-Chemie Holding AG EMSHF
72 GF Score
Price $877.91
GF Value $715.16
! 7 Warning Signs
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What is Ems-Chemie Holding AG Piotroski F-Score?

Ems-Chemie Holding AG EMSHF 72 Piotroski F-Score is 5 as of Jun. 24, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates EMSHF with a GF Score™ of 72/100 and a GF Value™ of $715.16. The stock has 7 warning signs investors should review. Among 1,566 Chemicals companies, Ems-Chemie Holding AG ranks better than 55.3% 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

Ems-Chemie Holding AG has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Ems-Chemie Holding AG's Piotroski F-Score or its related term are showing as below:

EMSHF' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Ems-Chemie Holding AG was 8. The lowest was 4. And the median was 6.

Ems-Chemie Holding AG  (OTCPK:EMSHF) 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.


Ems-Chemie Holding AG Piotroski F-Score Related Terms


Ems-Chemie Holding AG Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Ems-Chemie Holding AG'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.

Ems-Chemie Holding AG Piotroski F-Score Chart

Ems-Chemie Holding AG 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 6.00 4.00 6.00 8.00 5.00

Ems-Chemie Holding AG Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 6.00 0.00 8.00 0.00 5.00

EMSHF vs LIN, SHW, ECL: Piotroski F-Score Comparison

For the Specialty Chemicals subindustry, Ems-Chemie Holding AG'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.


Ems-Chemie Holding AG Piotroski F-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ems-Chemie Holding AG's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Ems-Chemie Holding AG's Piotroski F-Score falls into.


EMSHF
72GF Score
Ems-Chemie Holding AG EMSHF
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was $585 Mil.
Cash Flow from Operations was $671 Mil.
Revenue was $2,447 Mil.
Gross Profit was $1,216 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (2497.946 + 2793.999) / 2 = $2645.9725 Mil.
Total Assets at the begining of this year (Dec24) was $2,498 Mil.
Long-Term Debt & Capital Lease Obligation was $9 Mil.
Total Current Assets was $1,902 Mil.
Total Current Liabilities was $318 Mil.
Net Income was $517 Mil.

Revenue was $2,323 Mil.
Gross Profit was $1,088 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (2505.957 + 2497.946) / 2 = $2501.9515 Mil.
Total Assets at the begining of last year (Dec23) was $2,506 Mil.
Long-Term Debt & Capital Lease Obligation was $6 Mil.
Total Current Assets was $1,636 Mil.
Total Current Liabilities was $270 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.

Ems-Chemie Holding AG's current Net Income (TTM) was 585. ==> 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.

Ems-Chemie Holding AG's current Cash Flow from Operations (TTM) was 671. ==> 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 (Dec24)
=585.4/2497.946
=0.23435254

ROA (Last Year)=Net Income/Total Assets (Dec23)
=516.81/2505.957
=0.20623259

Ems-Chemie Holding AG's return on assets of this year was 0.23435254. Ems-Chemie Holding AG's return on assets of last year was 0.20623259. ==> 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.

Ems-Chemie Holding AG's current Net Income (TTM) was 585. Ems-Chemie Holding AG's current Cash Flow from Operations (TTM) was 671. ==> 671 > 585 ==> CFROA > ROA ==> Score 1.

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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=8.975/2645.9725
=0.00339195

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=5.997/2501.9515
=0.00239693

Ems-Chemie Holding AG's gearing of this year was 0.00339195. Ems-Chemie Holding AG's gearing of last year was 0.00239693. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=1902.118/317.958
=5.98229326

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=1636.492/270.132
=6.05811973

Ems-Chemie Holding AG's current ratio of this year was 5.98229326. Ems-Chemie Holding AG's current ratio of last year was 6.05811973. ==> 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.

Ems-Chemie Holding AG's number of shares in issue this year was 23.389. Ems-Chemie Holding AG's number of shares in issue last year was 23.389. ==> 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
=1216.327/2446.55
=0.49716008

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1088.448/2322.53
=0.46864755

Ems-Chemie Holding AG's gross margin of this year was 0.49716008. Ems-Chemie Holding AG's gross margin of last year was 0.46864755. ==> 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 (Dec24)
=2446.55/2497.946
=0.9794247

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=2322.53/2505.957
=0.92680361

Ems-Chemie Holding AG's asset turnover of this year was 0.9794247. Ems-Chemie Holding AG's asset turnover of last year was 0.92680361. ==> 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+0+1+1+1
=7

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

Ems-Chemie Holding AG has an F-score of 7. 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 5 mean?
Ems-Chemie Holding AG (EMSHF) has a Piotroski F-Score of 5 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Ems-Chemie Holding AG and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Ems-Chemie Holding AG's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Ems-Chemie Holding AG ranks #700 out of 1566 companies in the Chemicals industry, placing it in the top 44.7%.
Is Ems-Chemie Holding AG's Piotroski F-Score too high?
Ems-Chemie Holding AG'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 4.00 to a high of 8.00. The Chemicals industry median Piotroski F-Score is 5.00. Ems-Chemie Holding AG's value of 5 is 0% at this industry median. Based on the distribution chart, Ems-Chemie Holding AG ranks #700 out of 1566 companies in the Chemicals industry, which is above the industry midpoint. Overall, Ems-Chemie Holding AG has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Ems-Chemie Holding AG's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Ems-Chemie Holding AG ranks #700 out of 1566 companies for Piotroski F-Score. This puts Ems-Chemie Holding AG in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Ems-Chemie Holding AG's value of 5 is 0% at this benchmark. Historically, Ems-Chemie Holding AG'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 5.00, Ems-Chemie Holding AG 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,566 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. Ems-Chemie Holding AG'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 Ems-Chemie Holding AG and its competitors. For the Chemicals 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. Ems-Chemie Holding AG'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 Ems-Chemie Holding AG stock overvalued right now?
Ems-Chemie Holding AG (EMSHF) has a current Piotroski F-Score of 5. The stock's GF Value™ is $715.16, compared to a current price of $877.91 — trading 22.8% above 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 Chemicals industry median of 5.00. Ems-Chemie Holding AG's overall GF Score™ is 72/100 with 7 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 Ems-Chemie Holding AG (EMSHF), the current Piotroski F-Score is 5 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 Ems-Chemie Holding AG (EMSHF) Overvalued in 2026?

Based on GuruFocus' analysis, Ems-Chemie Holding AG stock appears to be overvalued. The current stock price of $877.91 is trading 22.8% above its estimated GF Value™ of $715.16.

Key valuation signals for EMSHF:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: $715.16 vs. price of $877.91 (22.8% above fair value)
  • GF Score™: 72/100 with 7 warning signs
  • Industry Position: 0% at the Chemicals median (#700 of 1566)

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


Ems-Chemie Holding AG Business Description

Address Via Innovativa 1, Domat/Ems, CHE, 7013
Ems-Chemie Holding AG is a holding company that, through its subsidiaries, manufactures and sells a variety of chemical-based products. The firm organizes itself into two segments based on product type: High-Performance Polymers and Specialty Chemicals. The High-Performance Polymers segment, which generates the majority of revenue, sells plastic products to the automotive, electrical, and electronics industries. The Specialty Chemicals segment sells fibres, bonding agents for tires, and fusible bonding yarns for textiles and powder coating products. Geographically, the majority of its revenue comes from Europe and the rest from Asia, the Americas, and other regions.
72GF Score

Get the complete analysis for EMSHF

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

$877.91
Price
$715.16
GF Value