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Holmen ABHLHLY 79 Piotroski F-Score is 5 as of Sep. 21, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates HLHLY with a GF Score™ of 79/100 and a GF Value™ of $19.93. The stock has 4 warning signs investors should review. Among 280 Forest Products companies, Holmen AB ranks better than 56.79% 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
Holmen AB has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Holmen AB's Piotroski F-Score or its related term are showing as below:
HLHLY'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 9
Current: 5
During the past 13 years, the highest Piotroski F-Score of Holmen AB was 9. The lowest was 4. And the median was 6.
Holmen AB (OTCPK:HLHLY) 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.
Holmen AB Piotroski F-Score Related Terms
Holmen AB Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Holmen 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 Paper & Paper Products subindustry, Holmen 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.
Holmen AB Piotroski F-Score vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Holmen AB's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Holmen 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.
This Year (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was 99.184917268541 + 61.232219923103 + 67.390671841134 + 54.461485366631 = $282 Mil. Cash Flow from Operations was 80.272990947624 + 131.00383503433 + 116.51146998508 + 39.65756853714 = $367 Mil. Revenue was 559.70132869652 + 550.98367337056 + 598.74861523787 + 601.42565800954 = $2,311 Mil. Gross Profit was 4.5179570365961 + -10.63059373665 + 21.333086053606 + -4.4850635007817 = $11 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(8655.6702761689 + 8819.3639621057 + 8771.5320866056 + 8639.0762367143 + 8376.3942489009) / 5 = $8652.4073621 Mil. Total Assets at the begining of this year (Jun25) was $8,656 Mil. Long-Term Debt & Capital Lease Obligation was $434 Mil. Total Current Assets was $1,022 Mil. Total Current Liabilities was $820 Mil.
Net Income was 78.198614449648 + 51.390075864223 + 70.358810153446 + 62.275270701671 = $262 Mil.
Revenue was 540.38600807413 + 511.39618815787 + 559.59144213919 + 576.51176681132 = $2,188 Mil. Gross Profit was 23.123762064251 + -20.685896963397 + 27.543928342361 + 13.448148158169 = $43 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(7570.3008441767 + 8016.297377819 + 7380.4104350974 + 8353.8242526207 + 8655.6702761689) / 5 = $7995.30063718 Mil. Total Assets at the begining of last year (Jun24) was $7,570 Mil. Long-Term Debt & Capital Lease Obligation was $381 Mil. Total Current Assets was $1,075 Mil. Total Current Liabilities was $818 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.
Holmen AB's current Net Income (TTM) was 282.
==> 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.
Holmen AB's return on assets of this year was 0.03261091. Holmen AB's return on assets of last year was 0.03463836.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Holmen AB's current ratio of this year was 1.24615579. Holmen AB's current ratio of last year was 1.3138864.
==> 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.
Holmen AB's number of shares in issue this year was 0. Holmen AB's number of shares in issue last year was 0.
==> 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.
Holmen AB's gross margin of this year was 0.00464563. Holmen AB's gross margin of last year was 0.01985019.
==> 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
Holmen AB's asset turnover of this year was 0.26697635. Holmen AB's asset turnover of last year was 0.28900904.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Holmen AB has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Holmen AB (HLHLY) has a Piotroski F-Score of 5 as of Sep. 21, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Holmen AB and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Holmen AB's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Holmen AB ranks #121 out of 280 companies in the Forest Products industry, placing it in the top 43.2%.
Is Holmen AB's Piotroski F-Score too high?
Holmen AB's current Piotroski F-Score of 5 is 17% below 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 9.00. The Forest Products industry median Piotroski F-Score is 5.00. Holmen AB's value of 5 is 0% at this industry median. Based on the distribution chart, Holmen AB ranks #121 out of 280 companies in the Forest Products industry, which is above the industry midpoint. Overall, Holmen AB has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Holmen AB's Piotroski F-Score compare to SLVM?
According to the Forest Products industry distribution chart, Holmen AB ranks #121 out of 280 companies for Piotroski F-Score. This puts Holmen AB in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Holmen AB's value of 5 is 0% at this benchmark. Historically, Holmen AB's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Holmen AB has consistently been at 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 Forest Products company?
The median Piotroski F-Score among Forest Products companies is 5.00, based on 280 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. Holmen AB's current Piotroski F-Score of 5 is 0% at 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 Holmen AB and its competitors. For the Forest Products 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. Holmen AB's current Piotroski F-Score is 5, which is 17% below 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 Holmen AB stock overvalued right now?
Holmen AB (HLHLY) has a current Piotroski F-Score of 5. The stock's GF Value™ is $19.93, compared to a current price of $16.18 — trading 18.8% below its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Forest Products industry median of 5.00. Holmen AB's overall GF Score™ is 79/100 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 Holmen AB (HLHLY), the current Piotroski F-Score is 5 as of Sep. 21, 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 Holmen AB (HLHLY) Overvalued in 2026?
Based on GuruFocus' analysis, Holmen AB stock appears to be undervalued.
The current stock price of $16.18 is trading 18.8% below its estimated GF Value™ of $19.93.
Key valuation signals for HLHLY:
Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
GF Value™: $19.93 vs. price of $16.18 (18.8% below fair value)
Industry Position: 0% at the Forest Products median (#121 of 280)
No single metric tells the full story. See the HLHLY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Holmen AB produces and sells timber, wood products, a variety of paper products, and electricity generated through renewable energy sources. The company organizes itself into four segments based on product type: Forest, Board and Paper, Wood Products, and Renewable Energy. The company's product portfolio includes logs, biofuel, paperboard for consumer packaging, paper for books, construction timber, and renewable energy from hydro and wind power. The company's customer segment is composed of printing firms, sawmills, pulp mills, paper mills, the construction industry, and the packaging industry, among others. The vast majority of revenue comes from the company's Board and Paper segment.
79GF Score
Get the complete analysis for HLHLY
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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