Konecranes Oyj (FRA:K34) Piotroski F-Score: 8 (As of Jun. 27, 2026) — 33% Above Median


FRA:K34 Konecranes Oyj FRA:K34
98 GF Score
Price €26.52
GF Value €20.58
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Konecranes Oyj Piotroski F-Score?

Konecranes Oyj FRA:K34 +0.68% 98 Piotroski F-Score is 8 as of Jun. 27, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates FRA:K34 with a GF Score™ of 98/100 and a GF Value™ of €20.58 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 207 Farm & Heavy Construction Machinery companies, Konecranes Oyj ranks better than 97.1% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

Konecranes Oyj has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

FRA:K34' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Konecranes Oyj was 8. The lowest was 4. And the median was 6.

Konecranes Oyj  (FRA:K34) 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.


Konecranes Oyj Piotroski F-Score Related Terms


Konecranes Oyj Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Konecranes Oyj'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.

Konecranes Oyj Piotroski F-Score Chart

Konecranes Oyj 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 6.00 5.00 6.00 8.00 7.00

Konecranes Oyj 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 8.00 7.00 7.00 8.00

FRA:K34 vs CAT, DE, PCAR: Piotroski F-Score Comparison

For the Farm & Heavy Construction Machinery subindustry, Konecranes Oyj'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.


Konecranes Oyj Piotroski F-Score vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Konecranes Oyj's Piotroski F-Score distribution charts can be found below:

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


FRA:K34
98GF Score
Konecranes Oyj FRA:K34
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 100.4 + 103.8 + 122.1 + 67.2 = €394 Mil.
Cash Flow from Operations was 130.9 + 231 + 139.5 + 47 = €548 Mil.
Revenue was 1052.4 + 988.7 + 1163 + 907.9 = €4,112 Mil.
Gross Profit was 597.1 + 592.1 + 618.4 + 575.2 = €2,383 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(4600.5 + 4588.2 + 4749.9 + 4550.8 + 4603.5) / 5 = €4618.58 Mil.
Total Assets at the begining of this year (Mar25) was €4,601 Mil.
Long-Term Debt & Capital Lease Obligation was €303 Mil.
Total Current Assets was €2,626 Mil.
Total Current Liabilities was €1,977 Mil.
Net Income was 99.7 + 101.1 + 108.3 + 73.5 = €383 Mil.

Revenue was 1031.5 + 1069.9 + 1212.5 + 983.7 = €4,298 Mil.
Gross Profit was 594.8 + 581.2 + 619.5 + 585.1 = €2,381 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(4598.5 + 4578.4 + 4687.9 + 4788.3 + 4600.5) / 5 = €4650.72 Mil.
Total Assets at the begining of last year (Mar24) was €4,599 Mil.
Long-Term Debt & Capital Lease Obligation was €478 Mil.
Total Current Assets was €2,551 Mil.
Total Current Liabilities was €1,947 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.

Konecranes Oyj's current Net Income (TTM) was 394. ==> 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.

Konecranes Oyj's current Cash Flow from Operations (TTM) was 548. ==> 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)
=393.5/4600.5
=0.08553418

ROA (Last Year)=Net Income/Total Assets (Mar24)
=382.6/4598.5
=0.08320104

Konecranes Oyj's return on assets of this year was 0.08553418. Konecranes Oyj's return on assets of last year was 0.08320104. ==> 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.

Konecranes Oyj's current Net Income (TTM) was 394. Konecranes Oyj's current Cash Flow from Operations (TTM) was 548. ==> 548 > 394 ==> 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
=303.2/4618.58
=0.06564788

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=478.3/4650.72
=0.10284429

Konecranes Oyj's gearing of this year was 0.06564788. Konecranes Oyj's gearing of last year was 0.10284429. ==> 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
=2625.7/1977.1
=1.32805624

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2550.9/1947.3
=1.30996765

Konecranes Oyj's current ratio of this year was 1.32805624. Konecranes Oyj's current ratio of last year was 1.30996765. ==> 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.

Konecranes Oyj's number of shares in issue this year was 237.852. Konecranes Oyj's number of shares in issue last year was 237.905. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=2382.8/4112
=0.57947471

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2380.6/4297.6
=0.55393708

Konecranes Oyj's gross margin of this year was 0.57947471. Konecranes Oyj's gross margin of last year was 0.55393708. ==> 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 (Mar25)
=4112/4600.5
=0.89381589

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=4297.6/4598.5
=0.93456562

Konecranes Oyj's asset turnover of this year was 0.89381589. Konecranes Oyj's asset turnover of last year was 0.93456562. ==> 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+1+1+0
=8

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

Konecranes Oyj has an F-score of 8. 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 8 mean?
Konecranes Oyj (FRA:K34) has a Piotroski F-Score of 8 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Konecranes Oyj and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Konecranes Oyj's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Konecranes Oyj ranks #6 out of 207 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 2.9%.
Is Konecranes Oyj's Piotroski F-Score too high?
Konecranes Oyj's current Piotroski F-Score of 8 is 33% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Farm & Heavy Construction Machinery industry median Piotroski F-Score is 5.00. Konecranes Oyj's value of 8 is 60% above this industry median. Based on the distribution chart, Konecranes Oyj ranks #6 out of 207 companies in the Farm & Heavy Construction Machinery industry, which is in the top quartile — a strong position relative to peers. Overall, Konecranes Oyj has a GF Score™ of 98/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Konecranes Oyj's Piotroski F-Score compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Konecranes Oyj ranks #6 out of 207 companies for Piotroski F-Score. This places Konecranes Oyj in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Konecranes Oyj's value of 8 is 60% above this benchmark. Historically, Konecranes Oyj's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Konecranes Oyj 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 Farm & Heavy Construction Machinery company?
The median Piotroski F-Score among Farm & Heavy Construction Machinery companies is 5.00, based on 207 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. Konecranes Oyj's current Piotroski F-Score of 8 is 60% 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 Konecranes Oyj and its competitors. For the Farm & Heavy Construction Machinery 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. Konecranes Oyj's current Piotroski F-Score is 8, which is 33% 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 Konecranes Oyj stock overvalued right now?
Based on GuruFocus' analysis, Konecranes Oyj (FRA:K34) is currently considered Modestly Overvalued. The stock's GF Value™ is €20.58, compared to a current price of €26.52 — trading 28.9% above its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Farm & Heavy Construction Machinery industry median of 5.00. Konecranes Oyj's overall GF Score™ is 98/100 with 2 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 Konecranes Oyj (FRA:K34), the current Piotroski F-Score is 8 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 Konecranes Oyj (FRA:K34) Overvalued in 2026?

Based on GuruFocus' analysis, Konecranes Oyj stock appears to be overvalued. The current stock price of €26.52 is trading 28.9% above its estimated GF Value™ of €20.58. GuruFocus considers Konecranes Oyj to be Modestly Overvalued.

Key valuation signals for FRA:K34:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: €20.58 vs. price of €26.52 (28.9% above fair value)
  • GF Score™: 98/100 with 2 warning signs
  • Industry Position: 60% above the Farm & Heavy Construction Machinery median (#6 of 207)

No single metric tells the full story. See the FRA:K34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Konecranes Oyj Business Description

Address Koneenkatu 8, P.O. Box 661, Hyvinkaa, FIN, FI-05801
Konecranes Oyj is a Finland-based manufacturer and service provider of cranes, lifting, and material handling equipment serving industries such as manufacturing, process industries, shipyards, ports, and terminals. The company operates through three reportable segments: Industrial Service, which provides maintenance and installation services for industrial equipment; Industrial Equipment, which manufactures industrial cranes and related components; and Port Solutions, which produces lifting and material handling equipment and services for port operations. Its geographic segments include EMEA (Europe, Middle East and Africa), AME (Americas), and APAC (Asia-Pacific).
98GF Score

Get the complete analysis for FRA:K34

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

€26.52
Price
€20.58
GF Value