Alconix (FRA:Y08) Piotroski F-Score: 7 (As of Jun. 27, 2026) — 17% Above Median


FRA:Y08 Alconix Corp FRA:Y08
71 GF Score
Price €12.90
GF Value €9.70
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Alconix Piotroski F-Score?

Alconix FRA:Y08 +1.57% 71 Piotroski F-Score is 7 as of Jun. 27, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates FRA:Y08 with a GF Score™ of 71/100 and a GF Value™ of €9.70 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,512 Metals & Mining companies, Alconix ranks better than 95.5% 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

Alconix has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

FRA:Y08' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of Alconix was 7. The lowest was 4. And the median was 6.

Alconix  (FRA:Y08) 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.


Alconix Piotroski F-Score Related Terms


Alconix Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Alconix'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.

Alconix Piotroski F-Score Chart

Alconix Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 4.00 5.00 7.00 7.00

Alconix 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 7.00 0.00 0.00 0.00 7.00

Alconix Piotroski F-Score Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Alconix'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.


Alconix Piotroski F-Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Alconix's Piotroski F-Score distribution charts can be found below:

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


FRA:Y08
71GF Score
Alconix Corp FRA:Y08
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 €31 Mil.
Cash Flow from Operations was €13 Mil.
Revenue was €1,198 Mil.
Gross Profit was €167 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (1220.243 + 1212.478) / 2 = €1216.3605 Mil.
Total Assets at the begining of this year (Mar25) was €1,220 Mil.
Long-Term Debt & Capital Lease Obligation was €73 Mil.
Total Current Assets was €885 Mil.
Total Current Liabilities was €656 Mil.
Net Income was €30 Mil.

Revenue was €1,223 Mil.
Gross Profit was €161 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (1123.084 + 1220.243) / 2 = €1171.6635 Mil.
Total Assets at the begining of last year (Mar24) was €1,123 Mil.
Long-Term Debt & Capital Lease Obligation was €94 Mil.
Total Current Assets was €896 Mil.
Total Current Liabilities was €640 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.

Alconix's current Net Income (TTM) was 31. ==> 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.

Alconix's current Cash Flow from Operations (TTM) was 13. ==> 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)
=30.515/1220.243
=0.02500731

ROA (Last Year)=Net Income/Total Assets (Mar24)
=29.818/1123.084
=0.02655011

Alconix's return on assets of this year was 0.02500731. Alconix's return on assets of last year was 0.02655011. ==> Last year is higher ==> Score 0.

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.

Alconix's current Net Income (TTM) was 31. Alconix's current Cash Flow from Operations (TTM) was 13. ==> 13 <= 31 ==> 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
=73.449/1216.3605
=0.06038424

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=94.016/1171.6635
=0.08024147

Alconix's gearing of this year was 0.06038424. Alconix's gearing of last year was 0.08024147. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=884.669/656.474
=1.34760706

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=895.935/640.399
=1.39902623

Alconix's current ratio of this year was 1.34760706. Alconix's current ratio of last year was 1.39902623. ==> 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.

Alconix's number of shares in issue this year was 30.032. Alconix's number of shares in issue last year was 30.163. ==> 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
=166.941/1197.722
=0.13938209

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=161.477/1222.539
=0.13208331

Alconix's gross margin of this year was 0.13938209. Alconix's gross margin of last year was 0.13208331. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=1197.722/1220.243
=0.98154384

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1222.539/1123.084
=1.08855526

Alconix's asset turnover of this year was 0.98154384. Alconix's asset turnover of last year was 1.08855526. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+0+1+0+1+1+0
=5

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

Alconix has an F-score of 5 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 7 mean?
Alconix (FRA:Y08) 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 Alconix and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Alconix's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Alconix ranks #113 out of 2512 companies in the Metals & Mining industry, placing it in the top 4.5%.
Is Alconix's Piotroski F-Score too high?
Alconix'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 4.00 to a high of 7.00. The Metals & Mining industry median Piotroski F-Score is 3.00. Alconix's value of 7 is 133.3% above this industry median. Based on the distribution chart, Alconix ranks #113 out of 2512 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Alconix has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Alconix's Piotroski F-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Alconix ranks #113 out of 2512 companies for Piotroski F-Score. This places Alconix in the top 5% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Alconix's value of 7 is 133.3% above this benchmark. Historically, Alconix's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 3.00, Alconix 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 Metals & Mining company?
The median Piotroski F-Score among Metals & Mining companies is 3.00, based on 2,512 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. Alconix's current Piotroski F-Score of 7 is 133.3% 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 Alconix and its competitors. For the Metals & Mining 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. Alconix'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 Alconix stock overvalued right now?
Based on GuruFocus' analysis, Alconix (FRA:Y08) is currently considered Significantly Overvalued. The stock's GF Value™ is €9.70, compared to a current price of €12.90 — trading 33% 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 133.3% above the Metals & Mining industry median of 3.00. Alconix's overall GF Score™ is 71/100 with 2 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 Alconix (FRA:Y08), 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 Alconix (FRA:Y08) Overvalued in 2026?

Based on GuruFocus' analysis, Alconix stock appears to be overvalued. The current stock price of €12.90 is trading 33% above its estimated GF Value™ of €9.70. GuruFocus considers Alconix to be Significantly Overvalued.

Key valuation signals for FRA:Y08:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: €9.70 vs. price of €12.90 (33% above fair value)
  • GF Score™: 71/100 with 2 warning signs
  • Industry Position: 133.3% above the Metals & Mining median (#113 of 2512)

No single metric tells the full story. See the FRA:Y08 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Alconix Business Description

Other Exchanges 3036:Japan
Address 2-11-1 Nagatacho, Chiyoda-ku, Sanno Park Tower,12th Floor, Chiyoda-ku, Tokyo, JPN, 100-6112
Alconix Corp is a Japan based company engaged in providing industrial metals and minerals. Its portfolio comprises of Aluminum, Copper, Nickel, Titanium, Tungsten, Molybdenum and other rare metal and Rare earth related products. The company also imports and exports non-ferrous metal products. It has a business presence in Japan and other countries.
71GF Score

Get the complete analysis for FRA:Y08

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

€12.90
Price
€9.70
GF Value