Lipigon Pharmaceuticals ABFRA:9RP Piotroski F-Score is 2 as of Jul. 11, 2026, which is 33% below its 10-year median of 3.00. The stock has 2 warning signs investors should review. Among 1,332 Biotechnology companies, Lipigon Pharmaceuticals AB ranks worse than 72.97% on this metric.
Warning Sign:
Piotroski F-Score of 2 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Lipigon Pharmaceuticals AB has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Lipigon Pharmaceuticals AB's Piotroski F-Score or its related term are showing as below:
FRA:9RP'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 3 Max: 4
Current: 2
During the past 8 years, the highest Piotroski F-Score of Lipigon Pharmaceuticals AB was 4. The lowest was 2. And the median was 3.
Lipigon Pharmaceuticals AB (FRA:9RP) 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.
Lipigon Pharmaceuticals AB Piotroski F-Score Related Terms
Lipigon Pharmaceuticals AB Piotroski F-Score Historical Data
* 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.
Lipigon Pharmaceuticals AB Piotroski F-Score Chart
FRA:9RP vs VRTX, REGN, ALNY: Piotroski F-Score Comparison
For the Biotechnology subindustry, Lipigon Pharmaceuticals 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.
Lipigon Pharmaceuticals AB Piotroski F-Score vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Lipigon Pharmaceuticals AB's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Lipigon Pharmaceuticals AB'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.
Lipigon Pharmaceuticals AB's current Net Income (TTM) was -2.96.
==> 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.
Lipigon Pharmaceuticals AB's current Cash Flow from Operations (TTM) was -3.26.
==> 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.
Lipigon Pharmaceuticals AB's return on assets of this year was -2.29557797. Lipigon Pharmaceuticals AB's return on assets of last year was -0.7373502.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Lipigon Pharmaceuticals AB's gearing of this year was 0. Lipigon Pharmaceuticals AB'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
Lipigon Pharmaceuticals AB's current ratio of this year was 3.00569801. Lipigon Pharmaceuticals AB's current ratio of last year was 2.06677524.
==> 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.
Lipigon Pharmaceuticals AB's number of shares in issue this year was 625.132. Lipigon Pharmaceuticals AB's number of shares in issue last year was 155.175.
==> There is larger number of shares in issue this year. ==> Score 0.
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.
Lipigon Pharmaceuticals AB's gross margin of this year was . Lipigon Pharmaceuticals AB's gross margin of last year was 1.
==> 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
Lipigon Pharmaceuticals AB's asset turnover of this year was 0. Lipigon Pharmaceuticals AB's asset turnover of last year was 0.30292943.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Lipigon Pharmaceuticals AB has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
Lipigon Pharmaceuticals AB (FRA:9RP) has a Piotroski F-Score of 2 as of Jul. 11, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Lipigon Pharmaceuticals AB and its competitors. This is 33% below median its historical median of 3.00. Over the past decade, Lipigon Pharmaceuticals AB's Piotroski F-Score has ranged from 2.00 to 4.00. According to the industry distribution chart, Lipigon Pharmaceuticals AB ranks #972 out of 1332 companies in the Biotechnology industry, placing it in the top 73%.
Is Lipigon Pharmaceuticals AB's Piotroski F-Score too high?
Lipigon Pharmaceuticals AB's current Piotroski F-Score of 2 is 33% below median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 4.00. The Biotechnology industry median Piotroski F-Score is 3.00. Lipigon Pharmaceuticals AB's value of 2 is 33.3% below this industry median. Based on the distribution chart, Lipigon Pharmaceuticals AB ranks #972 out of 1332 companies in the Biotechnology industry, which is below the industry midpoint.
How does Lipigon Pharmaceuticals AB's Piotroski F-Score compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Lipigon Pharmaceuticals AB ranks #972 out of 1332 companies for Piotroski F-Score. This places Lipigon Pharmaceuticals AB in the lower half of its industry. The industry median Piotroski F-Score is 3.00. Lipigon Pharmaceuticals AB's value of 2 is 33.3% below this benchmark. Historically, Lipigon Pharmaceuticals AB's own Piotroski F-Score has ranged from 2.00 to 4.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 3.00, Lipigon Pharmaceuticals 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 Biotechnology company?
The median Piotroski F-Score among Biotechnology companies is 3.00, based on 1,332 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. Lipigon Pharmaceuticals AB's current Piotroski F-Score of 2 is 33.3% 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 Lipigon Pharmaceuticals AB and its competitors. For the Biotechnology industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lipigon Pharmaceuticals AB's current Piotroski F-Score is 2, which is 33% below median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lipigon Pharmaceuticals AB stock overvalued right now?
Lipigon Pharmaceuticals AB (FRA:9RP) has a current Piotroski F-Score of 2. The current Piotroski F-Score is 2, which is 33% below median its 10-year median of 3.00 and 33.3% below the Biotechnology industry median of 3.00. 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 Lipigon Pharmaceuticals AB (FRA:9RP), the current Piotroski F-Score is 2 as of Jul. 11, 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.
Lipigon Pharmaceuticals AB develops medicines for diseases caused by disorders of the body's handling of fats. It focuses on orphan drugs for unusual diseases where there is no adequate treatment.
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