learnd SEFRA:LRND +1.85%37 Piotroski F-Score is 4 as of Jun. 30, 2026, which is at its 10-year median of 4.00. GuruFocus rates FRA:LRND with a GF Score™ of 37/100 and a GF Value™ of €0.79 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 329 Diversified Financial Services companies, learnd SE ranks better than 70.52% 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
learnd SE has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for learnd SE's Piotroski F-Score or its related term are showing as below:
FRA:LRND'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 4 Max: 4
Current: 4
During the past 5 years, the highest Piotroski F-Score of learnd SE was 4. The lowest was 3. And the median was 4.
learnd SE (FRA:LRND) 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.
learnd SE Piotroski F-Score Related Terms
learnd SE Piotroski F-Score Historical Data
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The historical data trend for learnd 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.
FRA:LRND vs XXI, CCXI, DMII: Piotroski F-Score Comparison
For the Shell Companies subindustry, learnd 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.
learnd SE Piotroski F-Score vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, learnd SE's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where learnd SE'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.
learnd SE's current Net Income (TTM) was 24.26.
==> 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.
learnd SE's return on assets of this year was 0.43512025. learnd SE's return on assets of last year was 0.15045513.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
learnd SE's gearing of this year was 0.10397219. learnd SE's gearing of last year was 0.61373919.
==> 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
learnd SE's current ratio of this year was 4.09386282. learnd SE's current ratio of last year was 1.00984205.
==> 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.
learnd SE's number of shares in issue this year was 14.689. learnd SE's number of shares in issue last year was 14.186.
==> 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.
learnd SE's gross margin of this year was . learnd SE's gross margin of last year was .
==> 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
learnd SE (FRA:LRND) has a Piotroski F-Score of 4 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on learnd SE and its competitors. This is near median its historical median of 4.00. Over the past decade, learnd SE's Piotroski F-Score has ranged from 3.00 to 4.00. According to the industry distribution chart, learnd SE ranks #97 out of 329 companies in the Diversified Financial Services industry, placing it in the top 29.5%.
Is learnd SE's Piotroski F-Score too high?
learnd SE's current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 4.00. The Diversified Financial Services industry median Piotroski F-Score is 3.00. learnd SE's value of 4 is 33.3% above this industry median. Based on the distribution chart, learnd SE ranks #97 out of 329 companies in the Diversified Financial Services industry, which is above the industry midpoint. Overall, learnd SE has a GF Score™ of 37/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does learnd SE's Piotroski F-Score compare to XXI and CCXI?
According to the Diversified Financial Services industry distribution chart, learnd SE ranks #97 out of 329 companies for Piotroski F-Score. This puts learnd SE in the upper half of its industry. The industry median Piotroski F-Score is 3.00. learnd SE's value of 4 is 33.3% above this benchmark. Historically, learnd SE's own Piotroski F-Score has ranged from 3.00 to 4.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 3.00, learnd SE 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 Diversified Financial Services company?
The median Piotroski F-Score among Diversified Financial Services companies is 3.00, based on 329 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. learnd SE's current Piotroski F-Score of 4 is 33.3% 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 learnd SE and its competitors. For the Diversified Financial Services industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. learnd SE's current Piotroski F-Score is 4, which is near median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is learnd SE stock overvalued right now?
Based on GuruFocus' analysis, learnd SE (FRA:LRND) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.79, compared to a current price of €2.20 — trading 178.5% above its estimated fair value. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 33.3% above the Diversified Financial Services industry median of 3.00. learnd SE's overall GF Score™ is 37/100 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 learnd SE (FRA:LRND), the current Piotroski F-Score is 4 as of Jun. 30, 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 learnd SE (FRA:LRND) Overvalued in 2026?
Based on GuruFocus' analysis, learnd SE stock appears to be overvalued.
The current stock price of €2.20 is trading 178.5% above its estimated GF Value™ of €0.79.
GuruFocus considers learnd SE to be Significantly Overvalued.
Key valuation signals for FRA:LRND:
Piotroski F-Score: 4 (near median its 10-year median of 4.00)
GF Value™: €0.79 vs. price of €2.20 (178.5% above fair value)
Industry Position: 33.3% above the Diversified Financial Services median (#97 of 329)
No single metric tells the full story. See the FRA:LRND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
learnd SE is engaged in the design, installation, service and maintenance of Building Management Systems (BMS) and Building Energy Management Systems, and the provision of associated bureau services.
37GF Score
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