Airbus SE (FRA:AIR) Piotroski F-Score: 5 (As of Jun. 24, 2026) — 17% Below Median


FRA:AIR Airbus SE FRA:AIR
90 GF Score
Price €192.00
GF Value €173.57
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Airbus SE Piotroski F-Score?

Airbus SE FRA:AIR +1.37% 90 Piotroski F-Score is 5 as of Jun. 24, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates FRA:AIR with a GF Score™ of 90/100 and a GF Value™ of €173.57 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 319 Aerospace & Defense companies, Airbus SE ranks better than 53.61% 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

Airbus SE has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

FRA:AIR' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of Airbus SE was 9. The lowest was 2. And the median was 6.

Airbus SE  (FRA:AIR) 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.


Airbus SE Piotroski F-Score Related Terms


Airbus SE Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Airbus SE'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.

Airbus SE Piotroski F-Score Chart

Airbus SE 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 7.00 7.00 5.00 7.00 6.00

Airbus SE 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 8.00 9.00 9.00 6.00 5.00

FRA:AIR vs GE, RTX, BA: Piotroski F-Score Comparison

For the Aerospace & Defense subindustry, Airbus SE'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.


Airbus SE Piotroski F-Score vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Airbus SE's Piotroski F-Score distribution charts can be found below:

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


FRA:AIR
90GF Score
Airbus SE FRA:AIR
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 732 + 1116 + 2580 + 586 = €5,014 Mil.
Cash Flow from Operations was -1049 + 1625 + 7195 + -1883 = €5,888 Mil.
Revenue was 16068 + 17826 + 25984 + 12651 = €72,529 Mil.
Gross Profit was 2372 + 2927 + 3790 + 1556 = €10,645 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(132400 + 129040 + 129670 + 134939 + 138700) / 5 = €132949.8 Mil.
Total Assets at the begining of this year (Mar25) was €132,400 Mil.
Long-Term Debt & Capital Lease Obligation was €9,055 Mil.
Total Current Assets was €76,742 Mil.
Total Current Liabilities was €67,298 Mil.
Net Income was 230 + 983 + 2424 + 793 = €4,430 Mil.

Revenue was 15995 + 15689 + 24716 + 13542 = €69,942 Mil.
Gross Profit was 2240 + 2467 + 4035 + 1878 = €10,620 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(122757 + 123040 + 124058 + 129213 + 132400) / 5 = €126293.6 Mil.
Total Assets at the begining of last year (Mar24) was €122,757 Mil.
Long-Term Debt & Capital Lease Obligation was €10,306 Mil.
Total Current Assets was €72,107 Mil.
Total Current Liabilities was €61,501 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.

Airbus SE's current Net Income (TTM) was 5,014. ==> 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.

Airbus SE's current Cash Flow from Operations (TTM) was 5,888. ==> 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)
=5014/132400
=0.03787009

ROA (Last Year)=Net Income/Total Assets (Mar24)
=4430/122757
=0.03608756

Airbus SE's return on assets of this year was 0.03787009. Airbus SE's return on assets of last year was 0.03608756. ==> 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.

Airbus SE's current Net Income (TTM) was 5,014. Airbus SE's current Cash Flow from Operations (TTM) was 5,888. ==> 5,888 > 5,014 ==> 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
=9055/132949.8
=0.06810841

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=10306/126293.6
=0.0816035

Airbus SE's gearing of this year was 0.06810841. Airbus SE's gearing of last year was 0.0816035. ==> 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
=76742/67298
=1.14033106

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=72107/61501
=1.17245248

Airbus SE's current ratio of this year was 1.14033106. Airbus SE's current ratio of last year was 1.17245248. ==> 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.

Airbus SE's number of shares in issue this year was 788.634. Airbus SE's number of shares in issue last year was 788.58. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=10645/72529
=0.14676888

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=10620/69942
=0.1518401

Airbus SE's gross margin of this year was 0.14676888. Airbus SE's gross margin of last year was 0.1518401. ==> 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)
=72529/132400
=0.54780211

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=69942/122757
=0.56975977

Airbus SE's asset turnover of this year was 0.54780211. Airbus SE's asset turnover of last year was 0.56975977. ==> 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+0+0+0+0
=5

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

Airbus SE has an F-score of 5 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 5 mean?
Airbus SE (FRA:AIR) has a Piotroski F-Score of 5 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Airbus SE and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Airbus SE's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Airbus SE ranks #148 out of 319 companies in the Aerospace & Defense industry, placing it in the top 46.4%.
Is Airbus SE's Piotroski F-Score too high?
Airbus SE's current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 9.00. The Aerospace & Defense industry median Piotroski F-Score is 5.00. Airbus SE's value of 5 is 0% at this industry median. Based on the distribution chart, Airbus SE ranks #148 out of 319 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Airbus SE has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Airbus SE's Piotroski F-Score compare to GE and RTX?
According to the Aerospace & Defense industry distribution chart, Airbus SE ranks #148 out of 319 companies for Piotroski F-Score. This puts Airbus SE in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Airbus SE's value of 5 is 0% at this benchmark. Historically, Airbus SE's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Airbus SE has consistently been at 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 Aerospace & Defense company?
The median Piotroski F-Score among Aerospace & Defense companies is 5.00, based on 319 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. Airbus SE's current Piotroski F-Score of 5 is 0% at 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 Airbus SE and its competitors. For the Aerospace & Defense 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. Airbus SE's current Piotroski F-Score is 5, which is 17% below 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 Airbus SE stock overvalued right now?
Based on GuruFocus' analysis, Airbus SE (FRA:AIR) is currently considered Modestly Overvalued. The stock's GF Value™ is €173.57, compared to a current price of €192.00 — trading 10.6% above its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Aerospace & Defense industry median of 5.00. Airbus SE'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 Airbus SE (FRA:AIR), the current Piotroski F-Score is 5 as of Jun. 24, 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 Airbus SE (FRA:AIR) Overvalued in 2026?

Based on GuruFocus' analysis, Airbus SE stock appears to be overvalued. The current stock price of €192.00 is trading 10.6% above its estimated GF Value™ of €173.57. GuruFocus considers Airbus SE to be Modestly Overvalued.

Key valuation signals for FRA:AIR:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: €173.57 vs. price of €192.00 (10.6% above fair value)
  • GF Score™: 90/100 with 3 warning signs
  • Industry Position: 0% at the Aerospace & Defense median (#148 of 319)

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


Airbus SE Business Description

Address Mendelweg 30, Leiden, ZH, NLD, 2333 CS
Airbus is a global aerospace and defense firm that designs, develops, and manufactures commercial and military jets and helicopters, as well as space launch vehicles and satellites. The company operates three divisions: commercial, defense and space, and helicopters. Commercial offers multiple configurations of aircraft ranging from the narrow-body (120-200 seats) A220 and A320 series to the much larger A330 and A350 wide-body models. The defense and space segment supplies governments with military hardware, including transport aircraft, aerial tankers, and the Eurofighter Typhoon multirole jet. The helicopter division manufactures turbine helicopters for the civil and public markets.
90GF Score

Get the complete analysis for FRA:AIR

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

€192.00
Price
€173.57
GF Value