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Karnell Group ABFRA:O4X -0.77%27 Piotroski F-Score is 7 as of Aug. 02, 2026, which is at its 10-year median of 7.00. GuruFocus rates FRA:O4X with a GF Score™ of 27/100. The stock has 4 warning signs investors should review. Among 556 Conglomerates companies, Karnell Group AB ranks better than 89.75% 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
Karnell Group AB 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 Karnell Group AB's Piotroski F-Score or its related term are showing as below:
FRA:O4X'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 7 Max: 7
Current: 7
During the past 5 years, the highest Piotroski F-Score of Karnell Group AB was 7. The lowest was 5. And the median was 7.
Karnell Group AB (FRA:O4X) 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.
Karnell Group AB Piotroski F-Score Related Terms
Karnell Group AB Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Karnell Group AB'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, Karnell Group AB'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.
Karnell Group AB Piotroski F-Score vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Karnell Group AB's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Karnell Group AB'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.
Karnell Group AB's current Net Income (TTM) was 15.2.
==> 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.
Karnell Group AB's return on assets of this year was 0.07239342. Karnell Group AB's return on assets of last year was 0.05642606.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Karnell Group AB's gearing of this year was 0.34064612. Karnell Group AB's gearing of last year was 0.20577924.
==> Last year is lower than this year ==> Score 0.
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
Karnell Group AB's current ratio of this year was 2.32322897. Karnell Group AB's current ratio of last year was 1.67130733.
==> 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.
Karnell Group AB's number of shares in issue this year was 55.148. Karnell Group AB's number of shares in issue last year was 54.33.
==> 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.
Karnell Group AB's gross margin of this year was 0.30668083. Karnell Group AB's gross margin of last year was 0.29614572.
==> 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
Karnell Group AB's asset turnover of this year was 0.84956114. Karnell Group AB's asset turnover of last year was 0.75930299.
==> 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
Karnell Group AB has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Karnell Group AB (FRA:O4X) has a Piotroski F-Score of 7 as of Aug. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Karnell Group AB and its competitors. This is near median its historical median of 7.00. Over the past decade, Karnell Group AB's Piotroski F-Score has ranged from 5.00 to 7.00. According to the industry distribution chart, Karnell Group AB ranks #57 out of 556 companies in the Conglomerates industry, placing it in the top 10.3%.
Is Karnell Group AB's Piotroski F-Score too high?
Karnell Group AB's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 7.00. The Conglomerates industry median Piotroski F-Score is 5.00. Karnell Group AB's value of 7 is 40% above this industry median. Based on the distribution chart, Karnell Group AB ranks #57 out of 556 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Karnell Group AB has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does Karnell Group AB's Piotroski F-Score compare to MMM and HON?
According to the Conglomerates industry distribution chart, Karnell Group AB ranks #57 out of 556 companies for Piotroski F-Score. This places Karnell Group AB in the top 10% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Karnell Group AB's value of 7 is 40% above this benchmark. Historically, Karnell Group AB's own Piotroski F-Score has ranged from 5.00 to 7.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Karnell Group AB 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 Conglomerates company?
The median Piotroski F-Score among Conglomerates companies is 5.00, based on 556 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. Karnell Group AB'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 Karnell Group AB 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. Karnell Group AB's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Karnell Group AB stock overvalued right now?
Karnell Group AB (FRA:O4X) has a current Piotroski F-Score of 7. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Conglomerates industry median of 5.00. Karnell Group AB's overall GF Score™ is 27/100 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 Karnell Group AB (FRA:O4X), the current Piotroski F-Score is 7 as of Aug. 02, 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.
Karnell Group AB is a company that is an active owner of industrial technology companies. The Company's business concept is to use systematic and proactive acquisition strategies to identify and invest in industrial technology companies where Karnell believes there is development potential and thus an opportunity for value creation with Karnell as a long-term owner. It consists of twelve directly owned group companies, with subsidiaries, divided into two business areas that include Product companies and Niche manufacturers. The business area Product companies consists of companies that wholly or predominantly base their business on proprietary products, which may include various rights such as trademarks, patents, etc.
27GF Score
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