Spotlight Group AB (FRA:7T7) Piotroski F-Score: 4 (As of Jul. 09, 2026) — 20% Below Median


FRA:7T7 Spotlight Group AB FRA:7T7
58 GF Score
Price €2.78
GF Value €2.16
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Spotlight Group AB Piotroski F-Score?

Spotlight Group AB FRA:7T7 -0.71% 58 Piotroski F-Score is 4 as of Jul. 09, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates FRA:7T7 with a GF Score™ of 58/100 and a GF Value™ of €2.16 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 782 Capital Markets companies, Spotlight Group AB ranks worse than 57.03% 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

Spotlight Group AB has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Spotlight Group AB's Piotroski F-Score or its related term are showing as below:

FRA:7T7' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 7
Current: 4

During the past 8 years, the highest Piotroski F-Score of Spotlight Group AB was 7. The lowest was 1. And the median was 5.

Spotlight Group AB  (FRA:7T7) 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.


Spotlight Group AB Piotroski F-Score Related Terms


Spotlight Group AB Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Spotlight Group AB'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.

Spotlight Group AB Piotroski F-Score Chart

Spotlight Group AB Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 5.00 1.00 5.00 5.00 6.00

Spotlight Group AB 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 6.00 7.00 7.00 6.00 4.00

FRA:7T7 vs MS, GS, SCHW: Piotroski F-Score Comparison

For the Capital Markets subindustry, Spotlight Group AB'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.


Spotlight Group AB Piotroski F-Score vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Spotlight Group AB's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Spotlight Group AB's Piotroski F-Score falls into.


FRA:7T7
58GF Score
Spotlight Group AB FRA:7T7
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 -0.092 + 0.129 + -0.454 + 0.009 = €-0.41 Mil.
Cash Flow from Operations was 0.311 + 0.053 + -0.408 + -0.294 = €-0.34 Mil.
Revenue was 2.315 + 2.638 + 2.527 + 2.503 = €9.98 Mil.
Gross Profit was 1.935 + 2.149 + 2.101 + 2.053 = €8.24 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(13.886 + 13.329 + 13.14 + 11.895 + 11.128) / 5 = €12.6756 Mil.
Total Assets at the begining of this year (Mar25) was €13.89 Mil.
Long-Term Debt & Capital Lease Obligation was €1.24 Mil.
Total Current Assets was €2.63 Mil.
Total Current Liabilities was €2.47 Mil.
Net Income was 0.088 + -0.022 + -0.444 + 0.039 = €-0.34 Mil.

Revenue was 2.26 + 1.759 + 2.225 + 2.437 = €8.68 Mil.
Gross Profit was 2.086 + 1.646 + 1.831 + 2.026 = €7.59 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(15.282 + 15.17 + 14.432 + 13.85 + 13.886) / 5 = €14.524 Mil.
Total Assets at the begining of last year (Mar24) was €15.28 Mil.
Long-Term Debt & Capital Lease Obligation was €1.60 Mil.
Total Current Assets was €4.30 Mil.
Total Current Liabilities was €2.64 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.

Spotlight Group AB's current Net Income (TTM) was -0.41. ==> Negative ==> Score 0.

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.

Spotlight Group AB's current Cash Flow from Operations (TTM) was -0.34. ==> Negative ==> Score 0.

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)
=-0.408/13.886
=-0.02938211

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-0.339/15.282
=-0.02218296

Spotlight Group AB's return on assets of this year was -0.02938211. Spotlight Group AB's return on assets of last year was -0.02218296. ==> Last year is higher ==> Score 0.

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.

Spotlight Group AB's current Net Income (TTM) was -0.41. Spotlight Group AB's current Cash Flow from Operations (TTM) was -0.34. ==> -0.34 > -0.41 ==> 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
=1.238/12.6756
=0.09766796

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1.602/14.524
=0.11030019

Spotlight Group AB's gearing of this year was 0.09766796. Spotlight Group AB's gearing of last year was 0.11030019. ==> 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
=2.625/2.473
=1.06146381

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=4.3/2.636
=1.63125948

Spotlight Group AB's current ratio of this year was 1.06146381. Spotlight Group AB's current ratio of last year was 1.63125948. ==> 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.

Spotlight Group AB's number of shares in issue this year was 6.025. Spotlight Group AB's number of shares in issue last year was 6.167. ==> 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
=8.238/9.983
=0.82520284

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=7.589/8.681
=0.87420804

Spotlight Group AB's gross margin of this year was 0.82520284. Spotlight Group AB's gross margin of last year was 0.87420804. ==> 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 (Mar25)
=9.983/13.886
=0.71892554

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=8.681/15.282
=0.56805392

Spotlight Group AB's asset turnover of this year was 0.71892554. Spotlight Group AB's asset turnover of last year was 0.56805392. ==> 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
=0+0+0+1+1+0+1+0+1
=4

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

Spotlight Group AB has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
Spotlight Group AB (FRA:7T7) has a Piotroski F-Score of 4 as of Jul. 09, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Spotlight Group AB and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Spotlight Group AB's Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, Spotlight Group AB ranks #446 out of 782 companies in the Capital Markets industry, placing it in the top 57%.
Is Spotlight Group AB's Piotroski F-Score too high?
Spotlight Group AB's current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 7.00. The Capital Markets industry median Piotroski F-Score is 5.00. Spotlight Group AB's value of 4 is 20% below this industry median. Based on the distribution chart, Spotlight Group AB ranks #446 out of 782 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Spotlight Group AB has a GF Score™ of 58/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Spotlight Group AB's Piotroski F-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, Spotlight Group AB ranks #446 out of 782 companies for Piotroski F-Score. This places Spotlight Group AB in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Spotlight Group AB's value of 4 is 20% below this benchmark. Historically, Spotlight Group AB's own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Spotlight Group AB has consistently been below 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 Capital Markets company?
The median Piotroski F-Score among Capital Markets companies is 5.00, based on 782 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. Spotlight Group AB's current Piotroski F-Score of 4 is 20% below 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 Spotlight Group AB and its competitors. For the Capital Markets 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. Spotlight Group AB's current Piotroski F-Score is 4, which is 20% below 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 Spotlight Group AB stock overvalued right now?
Based on GuruFocus' analysis, Spotlight Group AB (FRA:7T7) is currently considered Modestly Overvalued. The stock's GF Value™ is €2.16, compared to a current price of €2.78 — trading 28.7% above its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Capital Markets industry median of 5.00. Spotlight Group AB's overall GF Score™ is 58/100 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 Spotlight Group AB (FRA:7T7), the current Piotroski F-Score is 4 as of Jul. 09, 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 Spotlight Group AB (FRA:7T7) Overvalued in 2026?

Based on GuruFocus' analysis, Spotlight Group AB stock appears to be overvalued. The current stock price of €2.78 is trading 28.7% above its estimated GF Value™ of €2.16. GuruFocus considers Spotlight Group AB to be Modestly Overvalued.

Key valuation signals for FRA:7T7:

  • Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
  • GF Value™: €2.16 vs. price of €2.78 (28.7% above fair value)
  • GF Score™: 58/100 with 7 warning signs
  • Industry Position: 20% below the Capital Markets median (#446 of 782)

No single metric tells the full story. See the FRA:7T7 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Spotlight Group AB Business Description

Other Exchanges SPGR:Sweden
Address Stortorget 3, Malmo, SWE, 211 22
Spotlight Group AB is engaged in the business of providing financial and capital market services to its customers in Sweden.
58GF Score

Get the complete analysis for FRA:7T7

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

€2.78
Price
€2.16
GF Value