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LAIQON AGFRA:LQAG 65 Piotroski F-Score is 2 as of Jul. 18, 2026, which is 60% below its 10-year median of 5.00. GuruFocus rates FRA:LQAG with a GF Score™ of 65/100 and a GF Value™ of €6.55 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,593 Asset Management companies, LAIQON AG ranks worse than 90.71% on this metric.
Warning Sign:
Piotroski F-Score of 2 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
LAIQON AG has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for LAIQON AG's Piotroski F-Score or its related term are showing as below:
FRA:LQAG'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 5 Max: 6
Current: 2
During the past 13 years, the highest Piotroski F-Score of LAIQON AG was 6. The lowest was 1. And the median was 5.
LAIQON AG (FRA:LQAG) 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.
LAIQON AG Piotroski F-Score Related Terms
LAIQON AG Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for LAIQON 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.
FRA:LQAG vs BLK, BX, KKR: Piotroski F-Score Comparison
For the Asset Management subindustry, LAIQON 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.
LAIQON AG Piotroski F-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, LAIQON AG's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where LAIQON 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.
LAIQON AG's current Net Income (TTM) was -19.73.
==> 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.
LAIQON AG's return on assets of this year was -0.14628413. LAIQON AG's return on assets of last year was -0.05987869.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
LAIQON AG's current ratio of this year was 0.56342074. LAIQON AG's current ratio of last year was 2.00329179.
==> 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.
LAIQON AG's number of shares in issue this year was 23.545. LAIQON AG's number of shares in issue last year was 20.929.
==> 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.
LAIQON AG's gross margin of this year was 0.23208602. LAIQON AG's gross margin of last year was 0.27903751.
==> 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
LAIQON AG's asset turnover of this year was 0.25861302. LAIQON AG's asset turnover of last year was 0.24327336.
==> 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
LAIQON AG has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
LAIQON AG (FRA:LQAG) has a Piotroski F-Score of 2 as of Jul. 18, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on LAIQON AG and its competitors. This is 60% below median its historical median of 5.00. Over the past decade, LAIQON AG's Piotroski F-Score has ranged from 1.00 to 6.00. According to the industry distribution chart, LAIQON AG ranks #1445 out of 1593 companies in the Asset Management industry, placing it in the top 90.7%.
Is LAIQON AG's Piotroski F-Score too high?
LAIQON AG's current Piotroski F-Score of 2 is 60% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 6.00. The Asset Management industry median Piotroski F-Score is 5.00. LAIQON AG's value of 2 is 60% below this industry median. Based on the distribution chart, LAIQON AG ranks #1445 out of 1593 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, LAIQON AG has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does LAIQON AG's Piotroski F-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, LAIQON AG ranks #1445 out of 1593 companies for Piotroski F-Score. This places LAIQON AG in the lower half of its industry. The industry median Piotroski F-Score is 5.00. LAIQON AG's value of 2 is 60% below this benchmark. Historically, LAIQON AG's own Piotroski F-Score has ranged from 1.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, LAIQON AG 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 an Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,593 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. LAIQON AG's current Piotroski F-Score of 2 is 60% 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 LAIQON AG and its competitors. For the Asset Management 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. LAIQON AG's current Piotroski F-Score is 2, which is 60% below 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 LAIQON AG stock overvalued right now?
Based on GuruFocus' analysis, LAIQON AG (FRA:LQAG) is currently considered Possible Value Trap. The stock's GF Value™ is €6.55, compared to a current price of €4.49 — trading 31.5% below its estimated fair value. The current Piotroski F-Score is 2, which is 60% below median its 10-year median of 5.00 and 60% below the Asset Management industry median of 5.00. LAIQON AG's overall GF Score™ is 65/100 with 8 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 LAIQON AG (FRA:LQAG), the current Piotroski F-Score is 2 as of Jul. 18, 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 LAIQON AG (FRA:LQAG) Overvalued in 2026?
Based on GuruFocus' analysis, LAIQON AG stock appears to be undervalued.
The current stock price of €4.49 is trading 31.5% below its estimated GF Value™ of €6.55.
GuruFocus considers LAIQON AG to be Possible Value Trap.
Key valuation signals for FRA:LQAG:
Piotroski F-Score: 2 (60% below median its 10-year median of 5.00)
GF Value™: €6.55 vs. price of €4.49 (31.5% below fair value)
Industry Position: 60% below the Asset Management median (#1445 of 1593)
No single metric tells the full story. See the FRA:LQAG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
LAIQON AG, along with its subsidiaries, develops, markets, and manages investments in real assets for institutional and retail investors. The business of the company operates in three business segments, namely, LAIQON Asset Management, positioned as a special provider of non-benchmarked equity, fixed-income, and mixed funds with a clear focus on active alpha strategies. The LAIQON Wealth Management business segment is committed to the proactive, holistic implementation of the individual goals of high-net-worth individuals utilizing personal asset management. The LAIQON Digital Wealth business segment offers digital and risk-optimized investment solutions for retail and institutional investors.
65GF Score
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