KBGGY (Kongsberg Gruppen ASA) Piotroski F-Score: 5 (As of Jun. 25, 2026) — 17% Below Median


KBGGY Kongsberg Gruppen ASA KBGGY
87 GF Score
Price $14.51
GF Value $12.66
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Kongsberg Gruppen ASA Piotroski F-Score?

Kongsberg Gruppen ASA KBGGY -1.36% 87 Piotroski F-Score is 5 as of Jun. 25, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates KBGGY with a GF Score™ of 87/100 and a GF Value™ of $12.66 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 319 Aerospace & Defense companies, Kongsberg Gruppen ASA ranks better than 53.61% 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

Kongsberg Gruppen ASA 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 Kongsberg Gruppen ASA's Piotroski F-Score or its related term are showing as below:

KBGGY' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 5

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

Kongsberg Gruppen ASA  (OTCPK:KBGGY) 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.


Kongsberg Gruppen ASA Piotroski F-Score Related Terms


Kongsberg Gruppen ASA Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Kongsberg Gruppen ASA'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.

Kongsberg Gruppen ASA Piotroski F-Score Chart

Kongsberg Gruppen ASA 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 5.00 6.00 8.00 5.00 7.00

Kongsberg Gruppen ASA 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 6.00 6.00 6.00 7.00 5.00

KBGGY vs GE, RTX, BA: Piotroski F-Score Comparison

For the Aerospace & Defense subindustry, Kongsberg Gruppen ASA'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.


Kongsberg Gruppen ASA Piotroski F-Score vs Aerospace & Defense Industry

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

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


KBGGY
87GF Score
Kongsberg Gruppen ASA KBGGY
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 161.561 + 170.671 + 233.108 + 174.352 = $740 Mil.
Cash Flow from Operations was 21.29 + 216.431 + 825.871 + -18.74 = $1,045 Mil.
Revenue was 1367.005 + 1337.812 + 949.154 + 925.6 = $4,580 Mil.
Gross Profit was 1367.005 + 1337.812 + 949.154 + 925.6 = $4,580 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(6698.507 + 7198.042 + 7708.562 + 8165.412 + 8743.193) / 5 = $7702.7432 Mil.
Total Assets at the begining of this year (Mar25) was $6,699 Mil.
Long-Term Debt & Capital Lease Obligation was $304 Mil.
Total Current Assets was $6,848 Mil.
Total Current Liabilities was $5,696 Mil.
Net Income was 112.572 + 127.935 + 129.585 + 213.145 = $583 Mil.

Revenue was 1091.716 + 1122.512 + 632.063 + 658.538 = $3,505 Mil.
Gross Profit was 1091.716 + 1122.512 + 632.063 + 658.538 = $3,505 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(5244.956 + 5232.21 + 5448.384 + 6186.41 + 6698.507) / 5 = $5762.0934 Mil.
Total Assets at the begining of last year (Mar24) was $5,245 Mil.
Long-Term Debt & Capital Lease Obligation was $393 Mil.
Total Current Assets was $4,701 Mil.
Total Current Liabilities was $4,103 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.

Kongsberg Gruppen ASA's current Net Income (TTM) was 740. ==> 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.

Kongsberg Gruppen ASA's current Cash Flow from Operations (TTM) was 1,045. ==> 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)
=739.692/6698.507
=0.1104264

ROA (Last Year)=Net Income/Total Assets (Mar24)
=583.237/5244.956
=0.1111996

Kongsberg Gruppen ASA's return on assets of this year was 0.1104264. Kongsberg Gruppen ASA's return on assets of last year was 0.1111996. ==> 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.

Kongsberg Gruppen ASA's current Net Income (TTM) was 740. Kongsberg Gruppen ASA's current Cash Flow from Operations (TTM) was 1,045. ==> 1,045 > 740 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=303.667/7702.7432
=0.03942323

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=392.763/5762.0934
=0.06816325

Kongsberg Gruppen ASA's gearing of this year was 0.03942323. Kongsberg Gruppen ASA's gearing of last year was 0.06816325. ==> 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
=6848.197/5695.753
=1.20233391

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=4701.167/4103.22
=1.14572628

Kongsberg Gruppen ASA's current ratio of this year was 1.20233391. Kongsberg Gruppen ASA's current ratio of last year was 1.14572628. ==> 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.

Kongsberg Gruppen ASA's number of shares in issue this year was 1763.351. Kongsberg Gruppen ASA's number of shares in issue last year was 1757.529. ==> There is larger number of shares in issue this year. ==> Score 0.

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
=4579.571/4579.571
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3504.829/3504.829
=1

Kongsberg Gruppen ASA's gross margin of this year was 1. Kongsberg Gruppen ASA's gross margin of last year was 1. ==> 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)
=4579.571/6698.507
=0.68367041

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=3504.829/5244.956
=0.66822848

Kongsberg Gruppen ASA's asset turnover of this year was 0.68367041. Kongsberg Gruppen ASA's asset turnover of last year was 0.66822848. ==> 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+0+1+1+1+0+0+1
=6

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

Kongsberg Gruppen ASA 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 5 mean?
Kongsberg Gruppen ASA (KBGGY) has a Piotroski F-Score of 5 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kongsberg Gruppen ASA and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Kongsberg Gruppen ASA's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Kongsberg Gruppen ASA ranks #148 out of 319 companies in the Aerospace & Defense industry, placing it in the top 46.4%.
Is Kongsberg Gruppen ASA's Piotroski F-Score too high?
Kongsberg Gruppen ASA'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 3.00 to a high of 8.00. The Aerospace & Defense industry median Piotroski F-Score is 5.00. Kongsberg Gruppen ASA's value of 5 is 0% at this industry median. Based on the distribution chart, Kongsberg Gruppen ASA ranks #148 out of 319 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Kongsberg Gruppen ASA has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kongsberg Gruppen ASA's Piotroski F-Score compare to GE and RTX?
According to the Aerospace & Defense industry distribution chart, Kongsberg Gruppen ASA ranks #148 out of 319 companies for Piotroski F-Score. This puts Kongsberg Gruppen ASA in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Kongsberg Gruppen ASA's value of 5 is 0% at this benchmark. Historically, Kongsberg Gruppen ASA'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, Kongsberg Gruppen ASA 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 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. Kongsberg Gruppen ASA'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 Kongsberg Gruppen ASA 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. Kongsberg Gruppen ASA'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 Kongsberg Gruppen ASA stock overvalued right now?
Based on GuruFocus' analysis, Kongsberg Gruppen ASA (KBGGY) is currently considered Modestly Overvalued. The stock's GF Value™ is $12.66, compared to a current price of $14.51 — trading 14.6% above 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 Aerospace & Defense industry median of 5.00. Kongsberg Gruppen ASA's overall GF Score™ is 87/100 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 Kongsberg Gruppen ASA (KBGGY), the current Piotroski F-Score is 5 as of Jun. 25, 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 Kongsberg Gruppen ASA (KBGGY) Overvalued in 2026?

Based on GuruFocus' analysis, Kongsberg Gruppen ASA stock appears to be overvalued. The current stock price of $14.51 is trading 14.6% above its estimated GF Value™ of $12.66. GuruFocus considers Kongsberg Gruppen ASA to be Modestly Overvalued.

Key valuation signals for KBGGY:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: $12.66 vs. price of $14.51 (14.6% above fair value)
  • GF Score™: 87/100 with 3 warning signs
  • Industry Position: 0% at the Aerospace & Defense median (#148 of 319)

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


Kongsberg Gruppen ASA Business Description

Address Kirkegardsveien 45, Kongsberg, NOR, N-3616
Kongsberg Gruppen is an international technology company focused on defense, aerospace, and advanced sensing and surveillance solutions following the spinoff of its maritime business. The group's activities are centered on Kongsberg Defence & Aerospace and Kongsberg Discovery, providing defense systems, missiles, air defense, and subsea and monitoring technologies.
87GF Score

Get the complete analysis for KBGGY

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

$14.51
Price
$12.66
GF Value