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CES Energy SolutionsFRA:7C4 -1.00%72 Piotroski F-Score is 6 as of Aug. 03, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates FRA:7C4 with a GF Score™ of 72/100 and a GF Value™ of €5.82 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 976 Oil & Gas companies, CES Energy Solutions ranks better than 79.51% 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
CES Energy Solutions has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for CES Energy Solutions's Piotroski F-Score or its related term are showing as below:
FRA:7C4'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 9
Current: 6
During the past 13 years, the highest Piotroski F-Score of CES Energy Solutions was 9. The lowest was 2. And the median was 5.
CES Energy Solutions (FRA:7C4) 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.
CES Energy Solutions Piotroski F-Score Related Terms
CES Energy Solutions Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for CES Energy Solutions'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.
FRA:7C4 vs SLB, BKR, FTI: Piotroski F-Score Comparison
For the Oil & Gas Equipment & Services subindustry, CES Energy Solutions'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.
CES Energy Solutions Piotroski F-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, CES Energy Solutions's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where CES Energy Solutions'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.
CES Energy Solutions's current Net Income (TTM) was 132.
==> 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.
CES Energy Solutions's return on assets of this year was 0.12832745. CES Energy Solutions's return on assets of last year was 0.12525962.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
CES Energy Solutions's gearing of this year was 0.26801961. CES Energy Solutions's gearing of last year was 0.27117971.
==> 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
CES Energy Solutions's current ratio of this year was 2.74573657. CES Energy Solutions's current ratio of last year was 2.91876131.
==> 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.
CES Energy Solutions's number of shares in issue this year was 212.416. CES Energy Solutions's number of shares in issue last year was 228.355.
==> 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.
CES Energy Solutions's gross margin of this year was 0.23837326. CES Energy Solutions's gross margin of last year was 0.24269445.
==> 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
CES Energy Solutions's asset turnover of this year was 1.54726564. CES Energy Solutions's asset turnover of last year was 1.65959849.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
CES Energy Solutions has an F-score of 6 indicating the company's financial situation is typical for a stable company.
CES Energy Solutions (FRA:7C4) has a Piotroski F-Score of 6 as of Aug. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on CES Energy Solutions and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, CES Energy Solutions' Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, CES Energy Solutions ranks #200 out of 976 companies in the Oil & Gas industry, placing it in the top 20.5%.
Is CES Energy Solutions' Piotroski F-Score too high?
CES Energy Solutions' current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 9.00. The Oil & Gas industry median Piotroski F-Score is 5.00. CES Energy Solutions' value of 6 is 20% above this industry median. Based on the distribution chart, CES Energy Solutions ranks #200 out of 976 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, CES Energy Solutions has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CES Energy Solutions' Piotroski F-Score compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, CES Energy Solutions ranks #200 out of 976 companies for Piotroski F-Score. This places CES Energy Solutions in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. CES Energy Solutions' value of 6 is 20% above this benchmark. Historically, CES Energy Solutions' own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, CES Energy Solutions 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 an Oil & Gas company?
The median Piotroski F-Score among Oil & Gas companies is 5.00, based on 976 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. CES Energy Solutions's current Piotroski F-Score of 6 is 20% 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 CES Energy Solutions and its competitors. For the Oil & Gas 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. CES Energy Solutions's current Piotroski F-Score is 6, which is 20% 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 CES Energy Solutions stock overvalued right now?
Based on GuruFocus' analysis, CES Energy Solutions (FRA:7C4) is currently considered Significantly Overvalued. The stock's GF Value™ is €5.82, compared to a current price of €9.90 — trading 70.1% above its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Oil & Gas industry median of 5.00. CES Energy Solutions' overall GF Score™ is 72/100 with 1 warning sign 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 CES Energy Solutions (FRA:7C4), the current Piotroski F-Score is 6 as of Aug. 03, 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 CES Energy Solutions (FRA:7C4) Overvalued in 2026?
Based on GuruFocus' analysis, CES Energy Solutions stock appears to be overvalued.
The current stock price of €9.90 is trading 70.1% above its estimated GF Value™ of €5.82.
GuruFocus considers CES Energy Solutions to be Significantly Overvalued.
Key valuation signals for FRA:7C4:
Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
GF Value™: €5.82 vs. price of €9.90 (70.1% above fair value)
Industry Position: 20% above the Oil & Gas median (#200 of 976)
No single metric tells the full story. See the FRA:7C4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CES Energy Solutions Corp business is to design, implement, and manufacture consumable fluids and specialty chemicals for the North American oil and gas industry. This includes solutions at drill-bit, at point of completion and stimulation, at wellhead and pump-jack and to the pipeline and midstream market. Its geographical segments are the United States and Canada, of which the majority of its revenue comes from the United States.
72GF Score
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