Sto SE KGaA (HAM:STO3) Piotroski F-Score: 7 (As of Jun. 27, 2026) — Near Median


HAM:STO3 Sto SE & Co KGaA HAM:STO3
63 GF Score
Price €91.60
GF Value €136.22
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Sto SE KGaA Piotroski F-Score?

Sto SE KGaA HAM:STO3 -1.40% 63 Piotroski F-Score is 7 as of Jun. 27, 2026, which is at its 10-year median of 7.00. GuruFocus rates HAM:STO3 with a GF Score™ of 63/100 and a GF Value™ of €136.22 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,735 Construction companies, Sto SE KGaA ranks better than 89.39% 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

Sto SE KGaA 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 Sto SE KGaA's Piotroski F-Score or its related term are showing as below:

HAM:STO3' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Sto SE KGaA was 8. The lowest was 5. And the median was 7.

Sto SE KGaA  (HAM:STO3) 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.


Sto SE KGaA Piotroski F-Score Related Terms


Sto SE KGaA Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Sto SE KGaA'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.

Sto SE KGaA Piotroski F-Score Chart

Sto SE KGaA 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 6.00 7.00 6.00 7.00 7.00

Sto SE KGaA Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 6.00 0.00 7.00 0.00 7.00

HAM:STO3 vs TT, JCI, CARR: Piotroski F-Score Comparison

For the Building Products & Equipment subindustry, Sto SE KGaA'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.


Sto SE KGaA Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Sto SE KGaA's Piotroski F-Score distribution charts can be found below:

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


HAM:STO3
63GF Score
Sto SE & Co KGaA HAM:STO3
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was €39 Mil.
Cash Flow from Operations was €95 Mil.
Revenue was €1,591 Mil.
Gross Profit was €869 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (1158.317 + 1163.364) / 2 = €1160.8405 Mil.
Total Assets at the begining of this year (Dec24) was €1,158 Mil.
Long-Term Debt & Capital Lease Obligation was €84 Mil.
Total Current Assets was €630 Mil.
Total Current Liabilities was €221 Mil.
Net Income was €38 Mil.

Revenue was €1,612 Mil.
Gross Profit was €874 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (1164.798 + 1158.317) / 2 = €1161.5575 Mil.
Total Assets at the begining of last year (Dec23) was €1,165 Mil.
Long-Term Debt & Capital Lease Obligation was €77 Mil.
Total Current Assets was €606 Mil.
Total Current Liabilities was €225 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.

Sto SE KGaA's current Net Income (TTM) was 39. ==> 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.

Sto SE KGaA's current Cash Flow from Operations (TTM) was 95. ==> 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 (Dec24)
=39.18/1158.317
=0.03382494

ROA (Last Year)=Net Income/Total Assets (Dec23)
=37.617/1164.798
=0.03229487

Sto SE KGaA's return on assets of this year was 0.03382494. Sto SE KGaA's return on assets of last year was 0.03229487. ==> 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.

Sto SE KGaA's current Net Income (TTM) was 39. Sto SE KGaA's current Cash Flow from Operations (TTM) was 95. ==> 95 > 39 ==> CFROA > ROA ==> Score 1.

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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=83.968/1160.8405
=0.0723338

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=77.062/1161.5575
=0.06634368

Sto SE KGaA's gearing of this year was 0.0723338. Sto SE KGaA's gearing of last year was 0.06634368. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=629.904/221.039
=2.84974145

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=605.769/225.088
=2.69125409

Sto SE KGaA's current ratio of this year was 2.84974145. Sto SE KGaA's current ratio of last year was 2.69125409. ==> 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.

Sto SE KGaA's number of shares in issue this year was 3.888. Sto SE KGaA's number of shares in issue last year was 3.888. ==> 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
=868.635/1591.112
=0.54592951

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=873.566/1612.311
=0.54180986

Sto SE KGaA's gross margin of this year was 0.54592951. Sto SE KGaA's gross margin of last year was 0.54180986. ==> 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 (Dec24)
=1591.112/1158.317
=1.37364124

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1612.311/1164.798
=1.38419795

Sto SE KGaA's asset turnover of this year was 1.37364124. Sto SE KGaA's asset turnover of last year was 1.38419795. ==> 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+1+1+0+1+1+1+0
=7

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

Sto SE KGaA has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Sto SE KGaA (HAM:STO3) 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 Sto SE KGaA and its competitors. This is near median its historical median of 7.00. Over the past decade, Sto SE KGaA's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Sto SE KGaA ranks #184 out of 1735 companies in the Construction industry, placing it in the top 10.6%.
Is Sto SE KGaA's Piotroski F-Score too high?
Sto SE KGaA'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 8.00. The Construction industry median Piotroski F-Score is 5.00. Sto SE KGaA's value of 7 is 40% above this industry median. Based on the distribution chart, Sto SE KGaA ranks #184 out of 1735 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Sto SE KGaA has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sto SE KGaA's Piotroski F-Score compare to TT and JCI?
According to the Construction industry distribution chart, Sto SE KGaA ranks #184 out of 1735 companies for Piotroski F-Score. This places Sto SE KGaA in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Sto SE KGaA's value of 7 is 40% above this benchmark. Historically, Sto SE KGaA's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Sto SE KGaA 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,735 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. Sto SE KGaA'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 Sto SE KGaA and its competitors. For the Construction 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. Sto SE KGaA'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 Sto SE KGaA stock overvalued right now?
Based on GuruFocus' analysis, Sto SE KGaA (HAM:STO3) is currently considered Significantly Undervalued. The stock's GF Value™ is €136.22, compared to a current price of €91.60 — trading 32.8% below its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Construction industry median of 5.00. Sto SE KGaA's overall GF Score™ is 63/100 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 Sto SE KGaA (HAM:STO3), 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 Sto SE KGaA (HAM:STO3) Overvalued in 2026?

Based on GuruFocus' analysis, Sto SE KGaA stock appears to be undervalued. The current stock price of €91.60 is trading 32.8% below its estimated GF Value™ of €136.22. GuruFocus considers Sto SE KGaA to be Significantly Undervalued.

Key valuation signals for HAM:STO3:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: €136.22 vs. price of €91.60 (32.8% below fair value)
  • GF Score™: 63/100 with 3 warning signs
  • Industry Position: 40% above the Construction median (#184 of 1735)

No single metric tells the full story. See the HAM:STO3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sto SE KGaA Business Description

Other Exchanges 0G5B:UKSTO3:Germany
Address Ehrenbachstrasse 1, Stuhlingen, BW, DEU, DE-79780
Sto SE & Co KGaA is a manufacturer of products and systems for building coatings. The company operates in the geographical segments: Western Europe, Northern/Eastern Europe, and America/Asia/Pacific. It derives maximum revenue from Western Europe. The products of the company include facade systems & surface finishes, Acoustic systems, StoColor systems, Interior, Floor coatings, Concrete Restoration, and others.
63GF Score

Get the complete analysis for HAM:STO3

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

€91.60
Price
€136.22
GF Value