SOL SpAFRA:QOL -1.37%78 Piotroski F-Score is 7 as of Jun. 27, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates FRA:QOL with a GF Score™ of 78/100 and a GF Value™ of €42.17 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,567 Chemicals companies, SOL SpA ranks better than 90.36% 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
SOL SpA 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 SOL SpA's Piotroski F-Score or its related term are showing as below:
FRA:QOL'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 6 Max: 7
Current: 7
During the past 13 years, the highest Piotroski F-Score of SOL SpA was 7. The lowest was 5. And the median was 6.
SOL SpA (FRA:QOL) 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.
SOL SpA Piotroski F-Score Related Terms
SOL SpA Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for SOL SpA'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:QOL vs LIN, SHW, ECL: Piotroski F-Score Comparison
For the Specialty Chemicals subindustry, SOL SpA'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.
SOL SpA Piotroski F-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, SOL SpA's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where SOL SpA'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.
SOL SpA's current Net Income (TTM) was 167.
==> 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.
SOL SpA's current ratio of this year was 2.43091659. SOL SpA's current ratio of last year was 2.18333757.
==> 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.
SOL SpA's number of shares in issue this year was 90.708. SOL SpA's number of shares in issue last year was 90.724.
==> 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.
SOL SpA's gross margin of this year was 0.74897218. SOL SpA's gross margin of last year was 0.74971995.
==> 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
SOL SpA's asset turnover of this year was 0.83035725. SOL SpA's asset turnover of last year was 0.82984046.
==> 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
SOL SpA has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
SOL SpA (FRA:QOL) has a Piotroski F-Score of 7 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on SOL SpA and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, SOL SpA's Piotroski F-Score has ranged from 5.00 to 7.00. According to the industry distribution chart, SOL SpA ranks #151 out of 1567 companies in the Chemicals industry, placing it in the top 9.6%.
Is SOL SpA's Piotroski F-Score too high?
SOL SpA's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 7.00. The Chemicals industry median Piotroski F-Score is 5.00. SOL SpA's value of 7 is 40% above this industry median. Based on the distribution chart, SOL SpA ranks #151 out of 1567 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, SOL SpA has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SOL SpA's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, SOL SpA ranks #151 out of 1567 companies for Piotroski F-Score. This places SOL SpA in the top 10% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. SOL SpA's value of 7 is 40% above this benchmark. Historically, SOL SpA'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 6.00 vs. the industry median of 5.00, SOL SpA 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,567 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. SOL SpA'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 SOL SpA and its competitors. For the Chemicals 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. SOL SpA's current Piotroski F-Score is 7, which is 17% 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 SOL SpA stock overvalued right now?
Based on GuruFocus' analysis, SOL SpA (FRA:QOL) is currently considered Significantly Overvalued. The stock's GF Value™ is €42.17, compared to a current price of €57.80 — trading 37.1% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Chemicals industry median of 5.00. SOL SpA's overall GF Score™ is 78/100 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 SOL SpA (FRA:QOL), the current Piotroski F-Score is 7 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 SOL SpA (FRA:QOL) Overvalued in 2026?
Based on GuruFocus' analysis, SOL SpA stock appears to be overvalued.
The current stock price of €57.80 is trading 37.1% above its estimated GF Value™ of €42.17.
GuruFocus considers SOL SpA to be Significantly Overvalued.
Key valuation signals for FRA:QOL:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: €42.17 vs. price of €57.80 (37.1% above fair value)
Industry Position: 40% above the Chemicals median (#151 of 1567)
No single metric tells the full story. See the FRA:QOL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SOL SpA manufactures and sells industrial gases and medical equipment. The firm's two segments are based on product type. The home-care segment, which generates the majority of revenue, sells a variety of medicinal gases including oxygen, nitrogen, nitrous oxide, carbon dioxide, synthetic air, and medical air. The segment also provides medical air services for hospitals. The technical gases segment sells gas-based products to the energy, agricultural, food, metalworking, glass, and electronics industries. More of SOL's revenue comes from Italy than any other country.
78GF Score
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