OHB SE (FRA:OHB) Piotroski F-Score: 6 (As of Jul. 01, 2026) — Near Median


FRA:OHB OHB SE FRA:OHB
70 GF Score
Price €288.00
GF Value €59.08
Valuation Significantly Overvalued
! 5 Warning Signs
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What is OHB SE Piotroski F-Score?

OHB SE FRA:OHB -2.54% 70 Piotroski F-Score is 6 as of Jul. 01, 2026, which is at its 10-year median of 6.00. GuruFocus rates FRA:OHB with a GF Score™ of 70/100 and a GF Value™ of €59.08 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 319 Aerospace & Defense companies, OHB SE ranks better than 73.67% 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

OHB SE has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

FRA:OHB' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of OHB SE was 8. The lowest was 3. And the median was 6.

OHB SE  (FRA:OHB) 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.


OHB SE Piotroski F-Score Related Terms


OHB SE Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for OHB 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.

OHB SE Piotroski F-Score Chart

OHB SE 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 7.00 6.00 4.00 4.00 7.00

OHB SE 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 4.00 6.00 4.00 7.00 6.00

FRA:OHB vs SPCX, GE, RTX: Piotroski F-Score Comparison

For the Aerospace & Defense subindustry, OHB 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.


OHB SE Piotroski F-Score vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, OHB SE's Piotroski F-Score distribution charts can be found below:

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


FRA:OHB
70GF Score
OHB SE FRA:OHB
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 6.364 + 12.377 + 26.243 + 9.894 = €55 Mil.
Cash Flow from Operations was -6.96 + -20.151 + 166.191 + -112.502 = €27 Mil.
Revenue was 308.242 + 283.892 + 394.656 + 270.945 = €1,258 Mil.
Gross Profit was 38.006 + 50.359 + 116.958 + 43.86 = €249 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1410.571 + 1569.385 + 1565.351 + 1566.378 + 1486.196) / 5 = €1519.5762 Mil.
Total Assets at the begining of this year (Mar25) was €1,411 Mil.
Long-Term Debt & Capital Lease Obligation was €28 Mil.
Total Current Assets was €965 Mil.
Total Current Liabilities was €726 Mil.
Net Income was 0.592 + 12.008 + -17.563 + 3.739 = €-1 Mil.

Revenue was 255.183 + 233.106 + 310.075 + 229.27 = €1,028 Mil.
Gross Profit was 34.541 + 44.953 + 99.095 + 34.564 = €213 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1265.734 + 1394.814 + 1477.907 + 1399.22 + 1410.571) / 5 = €1389.6492 Mil.
Total Assets at the begining of last year (Mar24) was €1,266 Mil.
Long-Term Debt & Capital Lease Obligation was €24 Mil.
Total Current Assets was €906 Mil.
Total Current Liabilities was €743 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.

OHB SE's current Net Income (TTM) was 55. ==> 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.

OHB SE's current Cash Flow from Operations (TTM) was 27. ==> 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)
=54.878/1410.571
=0.03890481

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-1.224/1265.734
=-0.00096703

OHB SE's return on assets of this year was 0.03890481. OHB SE's return on assets of last year was -0.00096703. ==> 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.

OHB SE's current Net Income (TTM) was 55. OHB SE's current Cash Flow from Operations (TTM) was 27. ==> 27 <= 55 ==> CFROA <= ROA ==> Score 0.

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
=28.478/1519.5762
=0.01874075

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=23.616/1389.6492
=0.01699422

OHB SE's gearing of this year was 0.01874075. OHB SE's gearing of last year was 0.01699422. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=964.521/725.808
=1.32889277

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=906.265/743.025
=1.21969651

OHB SE's current ratio of this year was 1.32889277. OHB SE's current ratio of last year was 1.21969651. ==> 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.

OHB SE's number of shares in issue this year was 19.469. OHB SE's number of shares in issue last year was 19.469. ==> 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
=249.183/1257.735
=0.19812043

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=213.153/1027.634
=0.20742112

OHB SE's gross margin of this year was 0.19812043. OHB SE's gross margin of last year was 0.20742112. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=1257.735/1410.571
=0.89164955

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1027.634/1265.734
=0.81188781

OHB SE's asset turnover of this year was 0.89164955. OHB SE's asset turnover of last year was 0.81188781. ==> This year's asset turnover is higher. ==> Score 1.

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+0+0+1+1+0+1
=6

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

OHB SE has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 6 mean?
OHB SE (FRA:OHB) has a Piotroski F-Score of 6 as of Jul. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on OHB SE and its competitors. This is near median its historical median of 6.00. Over the past decade, OHB SE's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, OHB SE ranks #84 out of 319 companies in the Aerospace & Defense industry, placing it in the top 26.3%.
Is OHB SE's Piotroski F-Score too high?
OHB SE's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Aerospace & Defense industry median Piotroski F-Score is 5.00. OHB SE's value of 6 is 20% above this industry median. Based on the distribution chart, OHB SE ranks #84 out of 319 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, OHB SE has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does OHB SE's Piotroski F-Score compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, OHB SE ranks #84 out of 319 companies for Piotroski F-Score. This puts OHB SE in the upper half of its industry. The industry median Piotroski F-Score is 5.00. OHB SE's value of 6 is 20% above this benchmark. Historically, OHB SE'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 6.00 vs. the industry median of 5.00, OHB 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 an Aerospace & Defense company?
The median Piotroski F-Score among Aerospace & Defense companies is 5.00, based on 319 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. OHB SE's current Piotroski F-Score of 6 is 20% 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 OHB SE and its competitors. For the Aerospace & Defense 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. OHB SE's current Piotroski F-Score is 6, which is near 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 OHB SE stock overvalued right now?
Based on GuruFocus' analysis, OHB SE (FRA:OHB) is currently considered Significantly Overvalued. The stock's GF Value™ is €59.08, compared to a current price of €288.00 — trading 387.5% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Aerospace & Defense industry median of 5.00. OHB SE's overall GF Score™ is 70/100 with 5 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 OHB SE (FRA:OHB), the current Piotroski F-Score is 6 as of Jul. 01, 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 OHB SE (FRA:OHB) Overvalued in 2026?

Based on GuruFocus' analysis, OHB SE stock appears to be overvalued. The current stock price of €288.00 is trading 387.5% above its estimated GF Value™ of €59.08. GuruFocus considers OHB SE to be Significantly Overvalued.

Key valuation signals for FRA:OHB:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: €59.08 vs. price of €288.00 (387.5% above fair value)
  • GF Score™: 70/100 with 5 warning signs
  • Industry Position: 20% above the Aerospace & Defense median (#84 of 319)

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


OHB SE Business Description

Address Manfred-Fuchs-Platz 2-4, Bremen, NI, DEU, 28359
OHB SE is engaged in the production and distribution of and projects as well as the provision of high-technology services particularly in the areas of space and aeronautic technology, telematics, and satellite services. Its segments are the Space Systems segment concentrates on developing and executing space projects; The Access To Space segment assembles and develops aviation and space products as well as other industrial activities; The Digital segment offers a wide range of service activities including satellite operations, IT application based on satellite data for maritime and rail logistics or autonomous mobility as well as the procurement of rocket launches and the provision of IT services. The Space Systems segment derives majority of revenue.
70GF Score

Get the complete analysis for FRA:OHB

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

€288.00
Price
€59.08
GF Value