Energy One (FRA:E8R) Piotroski F-Score: 7 (As of Aug. 04, 2026) — 17% Above Median

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FRA:E8R Energy One Ltd FRA:E8R
76 GF Score
Price €9.60
GF Value €4.26
! 3 Warning Signs
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What is Energy One Piotroski F-Score?

Energy One FRA:E8R 76 Piotroski F-Score is 7 as of Aug. 04, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates FRA:E8R with a GF Score™ of 76/100 and a GF Value™ of €4.26. The stock has 3 warning signs investors should review. Among 2,730 Software companies, Energy One ranks better than 91.87% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Energy One has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

FRA:E8R' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of Energy One was 7. The lowest was 3. And the median was 6.

Energy One  (FRA:E8R) 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.


Energy One Piotroski F-Score Related Terms


Energy One Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Energy One'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.

Energy One Piotroski F-Score Chart

Energy One Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 3.00 5.00 7.00 7.00

Energy One Quarterly Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 7.00 0.00 7.00 0.00

FRA:E8R vs : Piotroski F-Score Comparison

For the Software - Application subindustry, Energy One'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.


Energy One Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, Energy One's Piotroski F-Score distribution charts can be found below:

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


FRA:E8R
76GF Score
Energy One Ltd FRA:E8R
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 (Dec25) TTM:Last Year (Dec23) TTM:
Net Income was 1.949 + 2.463 + 3.426 + 4.009 = €11.85 Mil.
Cash Flow from Operations was 5.618 + 4.414 + 10.117 + 7.563 = €27.71 Mil.
Revenue was 27.381 + 28.246 + 32.871 + 33.659 = €122.16 Mil.
Gross Profit was 29.795 + 25.788 + 35.329 + 30.77 = €121.68 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec25) was
(90.675 + 92.456 + 94.909 + 101.955 + 103.546) / 5 = €96.7082 Mil.
Total Assets at the begining of this year (Dec23) was €90.68 Mil.
Long-Term Debt & Capital Lease Obligation was €11.09 Mil.
Total Current Assets was €17.09 Mil.
Total Current Liabilities was €19.17 Mil.
Net Income was 2.122 + 1.261 + 1.69 + -0.508 = €4.57 Mil.

Revenue was 17.657 + 20.483 + 24.242 + 24.801 = €87.18 Mil.
Gross Profit was 18.698 + 18.621 + 26.104 + 22.387 = €85.81 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec23) was
(45.943 + 86.513 + 87.878 + 90.118 + 90.675) / 5 = €80.2254 Mil.
Total Assets at the begining of last year (Dec21) was €45.94 Mil.
Long-Term Debt & Capital Lease Obligation was €22.06 Mil.
Total Current Assets was €10.20 Mil.
Total Current Liabilities was €14.96 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.

Energy One's current Net Income (TTM) was 11.85. ==> 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.

Energy One's current Cash Flow from Operations (TTM) was 27.71. ==> 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 (Dec23)
=11.847/90.675
=0.13065343

ROA (Last Year)=Net Income/Total Assets (Dec21)
=4.565/45.943
=0.09936225

Energy One's return on assets of this year was 0.13065343. Energy One's return on assets of last year was 0.09936225. ==> 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.

Energy One's current Net Income (TTM) was 11.85. Energy One's current Cash Flow from Operations (TTM) was 27.71. ==> 27.71 > 11.85 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec25
=11.09/96.7082
=0.11467487

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec23
=22.059/80.2254
=0.27496279

Energy One's gearing of this year was 0.11467487. Energy One's gearing of last year was 0.27496279. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=17.093/19.17
=0.89165363

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=10.196/14.961
=0.68150525

Energy One's current ratio of this year was 0.89165363. Energy One's current ratio of last year was 0.68150525. ==> 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.

Energy One's number of shares in issue this year was 33.27. Energy One's number of shares in issue last year was 30.135. ==> 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
=121.682/122.157
=0.99611156

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=85.81/87.183
=0.98425152

Energy One's gross margin of this year was 0.99611156. Energy One's gross margin of last year was 0.98425152. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec23)
=122.157/90.675
=1.34719603

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=87.183/45.943
=1.89763402

Energy One's asset turnover of this year was 1.34719603. Energy One's asset turnover of last year was 1.89763402. ==> 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+1+0+1+0
=7

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

Energy One has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Energy One (FRA:E8R) has a Piotroski F-Score of 7 as of Aug. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Energy One and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Energy One's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Energy One ranks #222 out of 2730 companies in the Software industry, placing it in the top 8.1%.
Is Energy One's Piotroski F-Score too high?
Energy One's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Software industry median Piotroski F-Score is 5.00. Energy One's value of 7 is 40% above this industry median. Based on the distribution chart, Energy One ranks #222 out of 2730 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Energy One has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Energy One's Piotroski F-Score compare to ?
According to the Software industry distribution chart, Energy One ranks #222 out of 2730 companies for Piotroski F-Score. This places Energy One in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Energy One's value of 7 is 40% above this benchmark. Historically, Energy One's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Energy One 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 a Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,730 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. Energy One's current Piotroski F-Score of 7 is 40% 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 Energy One and its competitors. For the Software 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. Energy One's current Piotroski F-Score is 7, which is 17% above 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 Energy One stock overvalued right now?
Energy One (FRA:E8R) has a current Piotroski F-Score of 7. The stock's GF Value™ is €4.26, compared to a current price of €9.60 — trading 125.4% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Software industry median of 5.00. Energy One's overall GF Score™ is 76/100 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 Energy One (FRA:E8R), the current Piotroski F-Score is 7 as of Aug. 04, 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 Energy One (FRA:E8R) Overvalued in 2026?

Based on GuruFocus' analysis, Energy One stock appears to be overvalued. The current stock price of €9.60 is trading 125.4% above its estimated GF Value™ of €4.26.

Key valuation signals for FRA:E8R:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: €4.26 vs. price of €9.60 (125.4% above fair value)
  • GF Score™: 76/100 with 3 warning signs
  • Industry Position: 40% above the Software median (#222 of 2730)

No single metric tells the full story. See the FRA:E8R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Energy One Business Description

Comparable Companies
Other Exchanges EOL:Australia
Address 77 Pacific Highway, Level 13, North Sydney, Sydney, NSW, AUS, 2060
Energy One Ltd is a supplier of software products and services. It serves wholesale energy, environmental, and carbon trading markets. The company's only operating segment is the Energy software industry. Its geographical segments include Australasia and Europe. The company derives a majority of its revenue from Europe. Its product portfolio includes the wholesale energy trading suite; energyflow, energyoffer, NemSight, SimEnergy, enTrader, and others.
76GF Score

Get the complete analysis for FRA:E8R

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

€9.60
Price
€4.26
GF Value