EXLGF (Exasol AG) Piotroski F-Score: 8 (As of Jun. 26, 2026) — 60% Above Median


EXLGF Exasol AG EXLGF
62 GF Score
Price $2.72
GF Value $6.52
! 2 Warning Signs
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What is Exasol AG Piotroski F-Score?

Exasol AG EXLGF 62 Piotroski F-Score is 8 as of Jun. 26, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates EXLGF with a GF Score™ of 62/100 and a GF Value™ of $6.52. The stock has 2 warning signs investors should review. Among 2,743 Software companies, Exasol AG ranks better than 98.65% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

Exasol AG 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 Exasol AG's Piotroski F-Score or its related term are showing as below:

EXLGF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 9
Current: 8

During the past 10 years, the highest Piotroski F-Score of Exasol AG was 9. The lowest was 3. And the median was 5.

Exasol AG  (OTCPK:EXLGF) 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.


Exasol AG Piotroski F-Score Related Terms


Exasol AG Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Exasol 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.

Exasol AG Piotroski F-Score Chart

Exasol 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 4.00 3.00 5.00 9.00 8.00

Exasol AG Semi-Annual Data
Dec16 Dec17 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 5.00 0.00 9.00 0.00 8.00

EXLGF vs MSFT, ORCL, PLTR: Piotroski F-Score Comparison

For the Software - Infrastructure subindustry, Exasol 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.


Exasol AG Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, Exasol AG's Piotroski F-Score distribution charts can be found below:

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


EXLGF
62GF Score
Exasol AG EXLGF
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 $3.51 Mil.
Cash Flow from Operations was $4.65 Mil.
Revenue was $48.98 Mil.
Gross Profit was $42.37 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (20.105 + 26.546) / 2 = $23.3255 Mil.
Total Assets at the begining of this year (Dec24) was $20.11 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $25.32 Mil.
Total Current Liabilities was $12.28 Mil.
Net Income was $0.24 Mil.

Revenue was $41.50 Mil.
Gross Profit was $38.95 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (21.815 + 20.105) / 2 = $20.96 Mil.
Total Assets at the begining of last year (Dec23) was $21.82 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $18.11 Mil.
Total Current Liabilities was $9.89 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.

Exasol AG's current Net Income (TTM) was 3.51. ==> 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.

Exasol AG's current Cash Flow from Operations (TTM) was 4.65. ==> 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)
=3.507/20.105
=0.17443422

ROA (Last Year)=Net Income/Total Assets (Dec23)
=0.24/21.815
=0.0110016

Exasol AG's return on assets of this year was 0.17443422. Exasol AG's return on assets of last year was 0.0110016. ==> 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.

Exasol AG's current Net Income (TTM) was 3.51. Exasol AG's current Cash Flow from Operations (TTM) was 4.65. ==> 4.65 > 3.51 ==> 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
=0/23.3255
=0

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0/20.96
=0

Exasol AG's gearing of this year was 0. Exasol AG's gearing of last year was 0. ==> 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

Current Ratio (This Year: Dec25)=Total Current Assets/Total Current Liabilities
=25.315/12.281
=2.06131423

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=18.108/9.892
=1.83057016

Exasol AG's current ratio of this year was 2.06131423. Exasol AG's current ratio of last year was 1.83057016. ==> 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.

Exasol AG's number of shares in issue this year was 26.584. Exasol AG's number of shares in issue last year was 26.584. ==> 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
=42.374/48.979
=0.86514629

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=38.949/41.497
=0.93859797

Exasol AG's gross margin of this year was 0.86514629. Exasol AG's gross margin of last year was 0.93859797. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec24)
=48.979/20.105
=2.43616016

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=41.497/21.815
=1.90222324

Exasol AG's asset turnover of this year was 2.43616016. Exasol AG's asset turnover of last year was 1.90222324. ==> 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+1+1+1+0+1
=8

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

Exasol AG has an F-score of 8. 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 8 mean?
Exasol AG (EXLGF) has a Piotroski F-Score of 8 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Exasol AG and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Exasol AG's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Exasol AG ranks #37 out of 2743 companies in the Software industry, placing it in the top 1.3%.
Is Exasol AG's Piotroski F-Score too high?
Exasol AG's current Piotroski F-Score of 8 is 60% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Software industry median Piotroski F-Score is 5.00. Exasol AG's value of 8 is 60% above this industry median. Based on the distribution chart, Exasol AG ranks #37 out of 2743 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Exasol AG has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does Exasol AG's Piotroski F-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, Exasol AG ranks #37 out of 2743 companies for Piotroski F-Score. This places Exasol AG in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Exasol AG's value of 8 is 60% above this benchmark. Historically, Exasol AG's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Exasol AG 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,743 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. Exasol AG's current Piotroski F-Score of 8 is 60% 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 Exasol AG and its competitors. For the Software 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. Exasol AG's current Piotroski F-Score is 8, which is 60% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exasol AG stock overvalued right now?
Exasol AG (EXLGF) has a current Piotroski F-Score of 8. The stock's GF Value™ is $6.52, compared to a current price of $2.72 — trading 58.3% below its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 60% above the Software industry median of 5.00. Exasol AG's overall GF Score™ is 62/100 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 Exasol AG (EXLGF), the current Piotroski F-Score is 8 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 Exasol AG (EXLGF) Overvalued in 2026?

Based on GuruFocus' analysis, Exasol AG stock appears to be undervalued. The current stock price of $2.72 is trading 58.3% below its estimated GF Value™ of $6.52.

Key valuation signals for EXLGF:

  • Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
  • GF Value™: $6.52 vs. price of $2.72 (58.3% below fair value)
  • GF Score™: 62/100 with 2 warning signs
  • Industry Position: 60% above the Software median (#37 of 2743)

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


Exasol AG Business Description

Other Exchanges EXL:Germany
Address Neumeyerstr, 22 - 26, Nuremberg, BY, DEU, 90411
Exasol AG is a technology company providing a next-generation in-memory analytical database that enables customers to access and analyse data at high speed and scale. The company's technology is used to simplify complex analytics with in-memory computing, massively parallel processing (MPP), self-tuning functionality, and AI capabilities.
62GF Score

Get the complete analysis for EXLGF

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

$2.72
Price
$6.52
GF Value