Selena FM (FRA:3Z3) Piotroski F-Score: 8 (As of Jun. 28, 2026) — 33% Above Median


FRA:3Z3 Selena FM SA FRA:3Z3
90 GF Score
Price €10.60
GF Value €8.21
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Selena FM Piotroski F-Score?

Selena FM FRA:3Z3 90 Piotroski F-Score is 8 as of Jun. 28, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates FRA:3Z3 with a GF Score™ of 90/100 and a GF Value™ of €8.21 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,563 Chemicals companies, Selena FM ranks better than 97.38% 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

Selena FM 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 Selena FM's Piotroski F-Score or its related term are showing as below:

FRA:3Z3' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Selena FM was 8. The lowest was 4. And the median was 6.

Selena FM  (FRA:3Z3) 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.


Selena FM Piotroski F-Score Related Terms


Selena FM Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Selena FM'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.

Selena FM Piotroski F-Score Chart

Selena FM 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 5.00 6.00 5.00 6.00 7.00

Selena FM Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 7.00 6.00 7.00 7.00 8.00

FRA:3Z3 vs LIN, SHW, ECL: Piotroski F-Score Comparison

For the Specialty Chemicals subindustry, Selena FM'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.


Selena FM Piotroski F-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Selena FM's Piotroski F-Score distribution charts can be found below:

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


FRA:3Z3
90GF Score
Selena FM SA FRA:3Z3
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 5.512 + 11.722 + 5.016 + 5.106 = €27.4 Mil.
Cash Flow from Operations was 1.135 + 24.668 + 28.349 + -4.956 = €49.2 Mil.
Revenue was 107.055 + 116.757 + 101.952 + 94.972 = €420.7 Mil.
Gross Profit was 38.411 + 40.681 + 37.358 + 34.153 = €150.6 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(336.914 + 329.796 + 333.165 + 313.136 + 341.755) / 5 = €330.9532 Mil.
Total Assets at the begining of this year (Mar25) was €336.9 Mil.
Long-Term Debt & Capital Lease Obligation was €35.6 Mil.
Total Current Assets was €184.3 Mil.
Total Current Liabilities was €110.9 Mil.
Net Income was 5.846 + 5.806 + 3.901 + 4.558 = €20.1 Mil.

Revenue was 110.465 + 112.518 + 98.329 + 92.743 = €414.1 Mil.
Gross Profit was 37.973 + 38.636 + 32.195 + 31.339 = €140.1 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(322.918 + 336.394 + 322.582 + 308.973 + 336.914) / 5 = €325.5562 Mil.
Total Assets at the begining of last year (Mar24) was €322.9 Mil.
Long-Term Debt & Capital Lease Obligation was €42.8 Mil.
Total Current Assets was €183.3 Mil.
Total Current Liabilities was €112.8 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.

Selena FM's current Net Income (TTM) was 27.4. ==> 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.

Selena FM's current Cash Flow from Operations (TTM) was 49.2. ==> 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 (Mar25)
=27.356/336.914
=0.08119579

ROA (Last Year)=Net Income/Total Assets (Mar24)
=20.111/322.918
=0.06227897

Selena FM's return on assets of this year was 0.08119579. Selena FM's return on assets of last year was 0.06227897. ==> 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.

Selena FM's current Net Income (TTM) was 27.4. Selena FM's current Cash Flow from Operations (TTM) was 49.2. ==> 49.2 > 27.4 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=35.551/330.9532
=0.10742002

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=42.791/325.5562
=0.13143967

Selena FM's gearing of this year was 0.10742002. Selena FM's gearing of last year was 0.13143967. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=184.275/110.899
=1.66164708

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=183.307/112.793
=1.62516291

Selena FM's current ratio of this year was 1.66164708. Selena FM's current ratio of last year was 1.62516291. ==> 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.

Selena FM's number of shares in issue this year was 21.639. Selena FM's number of shares in issue last year was 21.639. ==> 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
=150.603/420.736
=0.3579513

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=140.143/414.055
=0.3384647

Selena FM's gross margin of this year was 0.3579513. Selena FM's gross margin of last year was 0.3384647. ==> 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 (Mar25)
=420.736/336.914
=1.24879346

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=414.055/322.918
=1.28222954

Selena FM's asset turnover of this year was 1.24879346. Selena FM's asset turnover of last year was 1.28222954. ==> Last year's asset turnover is higher ==> Score 0.

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+1+0
=8

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

Selena FM 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?
Selena FM (FRA:3Z3) has a Piotroski F-Score of 8 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Selena FM and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Selena FM's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Selena FM ranks #41 out of 1563 companies in the Chemicals industry, placing it in the top 2.6%.
Is Selena FM's Piotroski F-Score too high?
Selena FM's current Piotroski F-Score of 8 is 33% above 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. Selena FM's value of 8 is 60% above this industry median. Based on the distribution chart, Selena FM ranks #41 out of 1563 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Selena FM has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Selena FM's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Selena FM ranks #41 out of 1563 companies for Piotroski F-Score. This places Selena FM in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Selena FM's value of 8 is 60% above this benchmark. Historically, Selena FM'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, Selena FM 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,563 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. Selena FM'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 Selena FM 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. Selena FM's current Piotroski F-Score is 8, which is 33% above 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 Selena FM stock overvalued right now?
Based on GuruFocus' analysis, Selena FM (FRA:3Z3) is currently considered Modestly Overvalued. The stock's GF Value™ is €8.21, compared to a current price of €10.60 — trading 29.1% above its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Chemicals industry median of 5.00. Selena FM's overall GF Score™ is 90/100 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 Selena FM (FRA:3Z3), the current Piotroski F-Score is 8 as of Jun. 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 Selena FM (FRA:3Z3) Overvalued in 2026?

Based on GuruFocus' analysis, Selena FM stock appears to be overvalued. The current stock price of €10.60 is trading 29.1% above its estimated GF Value™ of €8.21. GuruFocus considers Selena FM to be Modestly Overvalued.

Key valuation signals for FRA:3Z3:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: €8.21 vs. price of €10.60 (29.1% above fair value)
  • GF Score™: 90/100 with 3 warning signs
  • Industry Position: 60% above the Chemicals median (#41 of 1563)

No single metric tells the full story. See the FRA:3Z3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Selena FM Business Description

Other Exchanges SEL:Poland3Z3:Germany
Address Legnicka 48A, Wroclaw, POL, 54-202
Selena FM SA is a Poland-based company engaged in the construction materials sector. The core business of the group includes the production, distribution, and sale of construction chemicals, building materials for doors and windows, and general building accessories. Its products include polyurethane foams, adhesives, sealants, building insulation systems, flooring systems, interior wall systems, ceramic tile systems, construction mortars, waterproofing materials, and other products primarily under Tytan, Quilosa, Artelit, Cool-R, and Matizol brand names. The company's geographical segments include European Union; Eastern Europe and Asia, and North and South America. It derives a majority of its revenue from the European Union.
90GF Score

Get the complete analysis for FRA:3Z3

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

€10.60
Price
€8.21
GF Value