KAP AGFRA:IUR +5.65%41 Piotroski F-Score is 5 as of Jul. 03, 2026, which is at its 10-year median of 5.00. GuruFocus rates FRA:IUR with a GF Score™ of 41/100 and a GF Value™ of €8.45 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 557 Conglomerates companies, KAP AG ranks better than 51.17% 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
KAP AG 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 KAP AG's Piotroski F-Score or its related term are showing as below:
FRA:IUR'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 8
Current: 5
During the past 13 years, the highest Piotroski F-Score of KAP AG was 8. The lowest was 3. And the median was 5.
KAP AG (FRA:IUR) 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.
KAP AG Piotroski F-Score Related Terms
KAP AG Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for KAP AG'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.
For the Conglomerates subindustry, KAP AG'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.
KAP AG Piotroski F-Score vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, KAP AG's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where KAP AG'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.
KAP AG's current Net Income (TTM) was -67.5.
==> 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.
KAP AG's current ratio of this year was 0.81937759. KAP AG's current ratio of last year was 1.42808368.
==> 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.
KAP AG's number of shares in issue this year was 7.768. KAP AG's number of shares in issue last year was 7.768.
==> 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.
KAP AG's gross margin of this year was 0.26045473. KAP AG's gross margin of last year was 0.218763.
==> 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
KAP AG's asset turnover of this year was 0.93878202. KAP AG's asset turnover of last year was 0.79682466.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
KAP AG has an F-score of 5 indicating the company's financial situation is typical for a stable company.
KAP AG (FRA:IUR) has a Piotroski F-Score of 5 as of Jul. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on KAP AG and its competitors. This is near median its historical median of 5.00. Over the past decade, KAP AG's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, KAP AG ranks #272 out of 557 companies in the Conglomerates industry, placing it in the top 48.8%.
Is KAP AG's Piotroski F-Score too high?
KAP AG's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Conglomerates industry median Piotroski F-Score is 5.00. KAP AG's value of 5 is 0% at this industry median. Based on the distribution chart, KAP AG ranks #272 out of 557 companies in the Conglomerates industry, which is above the industry midpoint. Overall, KAP AG has a GF Score™ of 41/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does KAP AG's Piotroski F-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, KAP AG ranks #272 out of 557 companies for Piotroski F-Score. This puts KAP AG in the upper half of its industry. The industry median Piotroski F-Score is 5.00. KAP AG's value of 5 is 0% at this benchmark. Historically, KAP AG's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, KAP AG 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 a Conglomerates company?
The median Piotroski F-Score among Conglomerates companies is 5.00, based on 557 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. KAP AG'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 KAP AG and its competitors. For the Conglomerates 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. KAP AG's current Piotroski F-Score is 5, which is near 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 KAP AG stock overvalued right now?
Based on GuruFocus' analysis, KAP AG (FRA:IUR) is currently considered Possible Value Trap. The stock's GF Value™ is €8.45, compared to a current price of €1.87 — trading 77.9% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Conglomerates industry median of 5.00. KAP AG's overall GF Score™ is 41/100 with 4 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 KAP AG (FRA:IUR), the current Piotroski F-Score is 5 as of Jul. 03, 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 KAP AG (FRA:IUR) Overvalued in 2026?
Based on GuruFocus' analysis, KAP AG stock appears to be undervalued.
The current stock price of €1.87 is trading 77.9% below its estimated GF Value™ of €8.45.
GuruFocus considers KAP AG to be Possible Value Trap.
Key valuation signals for FRA:IUR:
Piotroski F-Score: 5 (near median its 10-year median of 5.00)
GF Value™: €8.45 vs. price of €1.87 (77.9% below fair value)
Industry Position: 0% at the Conglomerates median (#272 of 557)
No single metric tells the full story. See the FRA:IUR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KAP AG is a German industrial holding company that provides engineered products and automotive components. The Flexible films segment generates maximum revenue, it is into extrusion coatings, calendaring and the conditioning of coated products. The engineered products segment includes develops, produces and sells technical fabrics and yarns whereas Surface technologies with chemical and physical conditioning specialized surface processes for refining metallic materials such as aluminum, magnesium, zinc die-casting or steel. Precision components segment manufacturers the precision components Geographically, the business presence of the firm is seen in the region of Germany, Rest of Europe, North/South America, Asia and in Other Countries.
41GF Score
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