Oatly Group ABFRA:9ZX0 +1.57%62 Piotroski F-Score is 4 as of Jun. 27, 2026, which is at its 10-year median of 4.00. GuruFocus rates FRA:9ZX0 with a GF Score™ of 62/100 and a GF Value™ of €16.56 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,911 Consumer Packaged Goods companies, Oatly Group AB ranks worse than 66.93% 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
Oatly 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 Oatly Group AB's Piotroski F-Score or its related term are showing as below:
FRA:9ZX0'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 5
Current: 4
During the past 7 years, the highest Piotroski F-Score of Oatly Group AB was 5. The lowest was 2. And the median was 4.
Oatly Group AB (FRA:9ZX0) 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.
Oatly Group AB Piotroski F-Score Related Terms
Oatly Group AB Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Oatly 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.
FRA:9ZX0 vs BGS, AMNF, USNA: Piotroski F-Score Comparison
For the Packaged Foods subindustry, Oatly 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.
Oatly Group AB Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Oatly Group AB's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Oatly Group 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.
Oatly Group AB's current Net Income (TTM) was -130.8.
==> 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.
Oatly Group AB's return on assets of this year was -0.17835691. Oatly Group AB's return on assets of last year was -0.16544269.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Oatly Group AB's gearing of this year was 0.2495311. Oatly Group AB's gearing of last year was 0.16286935.
==> Last year is lower than this year ==> Score 0.
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
Oatly Group AB's current ratio of this year was 0.45486097. Oatly Group AB's current ratio of last year was 0.52842773.
==> 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.
Oatly Group AB's number of shares in issue this year was 31.225. Oatly Group AB's number of shares in issue last year was 49.959.
==> 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.
Oatly Group AB's gross margin of this year was 0.32589078. Oatly Group AB's gross margin of last year was 0.2978493.
==> 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
Oatly Group AB's asset turnover of this year was 1.04644153. Oatly Group AB's asset turnover of last year was 0.79873022.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Oatly Group AB has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Oatly Group AB (FRA:9ZX0) has a Piotroski F-Score of 4 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Oatly Group AB and its competitors. This is near median its historical median of 4.00. Over the past decade, Oatly Group AB's Piotroski F-Score has ranged from 2.00 to 5.00. According to the industry distribution chart, Oatly Group AB ranks #1279 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 66.9%.
Is Oatly Group AB's Piotroski F-Score too high?
Oatly Group AB's current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 5.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Oatly Group AB's value of 4 is 20% below this industry median. Based on the distribution chart, Oatly Group AB ranks #1279 out of 1911 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Oatly Group AB has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Oatly Group AB's Piotroski F-Score compare to BGS and AMNF?
According to the Consumer Packaged Goods industry distribution chart, Oatly Group AB ranks #1279 out of 1911 companies for Piotroski F-Score. This places Oatly Group AB in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Oatly Group AB's value of 4 is 20% below this benchmark. Historically, Oatly Group AB's own Piotroski F-Score has ranged from 2.00 to 5.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Oatly 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,911 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. Oatly 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 Oatly Group AB and its competitors. For the Consumer Packaged Goods 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. Oatly Group AB's current Piotroski F-Score is 4, which is near median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oatly Group AB stock overvalued right now?
Based on GuruFocus' analysis, Oatly Group AB (FRA:9ZX0) is currently considered Possible Value Trap. The stock's GF Value™ is €16.56, compared to a current price of €7.74 — trading 53.3% below its estimated fair value. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Consumer Packaged Goods industry median of 5.00. Oatly Group AB's overall GF Score™ is 62/100 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 Oatly Group AB (FRA:9ZX0), the current Piotroski F-Score is 4 as of Jun. 27, 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 Oatly Group AB (FRA:9ZX0) Overvalued in 2026?
Based on GuruFocus' analysis, Oatly Group AB stock appears to be undervalued.
The current stock price of €7.74 is trading 53.3% below its estimated GF Value™ of €16.56.
GuruFocus considers Oatly Group AB to be Possible Value Trap.
Key valuation signals for FRA:9ZX0:
Piotroski F-Score: 4 (near median its 10-year median of 4.00)
GF Value™: €16.56 vs. price of €7.74 (53.3% below fair value)
Industry Position: 20% below the Consumer Packaged Goods median (#1279 of 1911)
No single metric tells the full story. See the FRA:9ZX0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oatly Group AB produces and distributes oat-based food and beverage products. Its offerings include milk, cooking creams, spreads, and yogurts. The company's products are sold through retail stores, coffee shops, and restaurants across multiple countries. It generates revenue from sales of oatmilk and other oat-based products. The company's geographical segments include Europe & International, North America and Greater China. The Europe & International segment is its maximum revenue-producing segment, followed by the North America and Greater China segments.
62GF Score
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