LNDNF (Orron Energy AB) Piotroski F-Score: 5 (As of Aug. 18, 2026) — 17% Below Median

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LNDNF Orron Energy AB LNDNF
44 GF Score
Price $0.75
GF Value $1.02
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Orron Energy AB Piotroski F-Score?

Orron Energy AB LNDNF 44 Piotroski F-Score is 5 as of Aug. 18, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates LNDNF with a GF Score™ of 44/100 and a GF Value™ of $1.02 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 425 Utilities - Independent Power Producers companies, Orron Energy AB ranks better than 61.65% 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

Orron Energy AB 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 Orron Energy AB's Piotroski F-Score or its related term are showing as below:

LNDNF' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of Orron Energy AB was 9. The lowest was 2. And the median was 6.

Orron Energy AB  (OTCPK:LNDNF) 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.


Orron Energy AB Piotroski F-Score Related Terms


Orron Energy AB Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Orron Energy 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.

Orron Energy AB Piotroski F-Score Chart

Orron Energy AB 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 6.00 4.00 3.00 2.00

Orron Energy AB Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 3.00 2.00 2.00 3.00 5.00

Orron Energy AB Piotroski F-Score Competitor Comparison

For the Utilities - Renewable subindustry, Orron Energy 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.


Orron Energy AB Piotroski F-Score vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Orron Energy AB's Piotroski F-Score distribution charts can be found below:

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


LNDNF
44GF Score
Orron Energy AB LNDNF
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 (Jun26) TTM:Last Year (Jun25) TTM:
Net Income was -9.859 + -2.81 + -1.387 + -5.184 = $-19.24 Mil.
Cash Flow from Operations was -5.164 + -1.991 + -0.462 + 0.461 = $-7.16 Mil.
Revenue was 6.573 + 11.124 + 16.763 + 4.263 = $38.72 Mil.
Gross Profit was 5.516 + 10.89 + 16.301 + 4.263 = $36.97 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(519.262 + 527.7 + 534.192 + 522.659 + 515.553) / 5 = $523.8732 Mil.
Total Assets at the begining of this year (Jun25) was $519.26 Mil.
Long-Term Debt & Capital Lease Obligation was $121.77 Mil.
Total Current Assets was $271.54 Mil.
Total Current Liabilities was $32.83 Mil.
Net Income was -12.209 + -7.016 + -4.432 + -6.574 = $-30.23 Mil.

Revenue was 1.776 + 7.435 + 10.054 + 0 = $19.27 Mil.
Gross Profit was 1.776 + 7.435 + 10.054 + 0 = $19.27 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(477.933 + 492.12 + 469.319 + 496.432 + 519.262) / 5 = $491.0132 Mil.
Total Assets at the begining of last year (Jun24) was $477.93 Mil.
Long-Term Debt & Capital Lease Obligation was $109.80 Mil.
Total Current Assets was $47.29 Mil.
Total Current Liabilities was $12.80 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.

Orron Energy AB's current Net Income (TTM) was -19.24. ==> Negative ==> Score 0.

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.

Orron Energy AB's current Cash Flow from Operations (TTM) was -7.16. ==> Negative ==> Score 0.

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 (Jun25)
=-19.24/519.262
=-0.03705259

ROA (Last Year)=Net Income/Total Assets (Jun24)
=-30.231/477.933
=-0.06325364

Orron Energy AB's return on assets of this year was -0.03705259. Orron Energy AB's return on assets of last year was -0.06325364. ==> 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.

Orron Energy AB's current Net Income (TTM) was -19.24. Orron Energy AB's current Cash Flow from Operations (TTM) was -7.16. ==> -7.16 > -19.24 ==> 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: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun25 to Jun26
=121.774/523.8732
=0.23244938

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=109.804/491.0132
=0.22362739

Orron Energy AB's gearing of this year was 0.23244938. Orron Energy AB's gearing of last year was 0.22362739. ==> 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: Jun26)=Total Current Assets/Total Current Liabilities
=271.544/32.834
=8.27020771

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=47.29/12.803
=3.69366555

Orron Energy AB's current ratio of this year was 8.27020771. Orron Energy AB's current ratio of last year was 3.69366555. ==> 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.

Orron Energy AB's number of shares in issue this year was 285.905. Orron Energy AB's number of shares in issue last year was 285.905. ==> 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
=36.97/38.723
=0.95472975

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=19.265/19.265
=1

Orron Energy AB's gross margin of this year was 0.95472975. Orron Energy AB'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 (Jun25)
=38.723/519.262
=0.07457314

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=19.265/477.933
=0.040309

Orron Energy AB's asset turnover of this year was 0.07457314. Orron Energy AB's asset turnover of last year was 0.040309. ==> 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
=0+0+1+1+0+1+1+0+1
=5

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

Orron Energy AB 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 5 mean?
Orron Energy AB (LNDNF) has a Piotroski F-Score of 5 as of Aug. 18, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Orron Energy AB and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Orron Energy AB's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Orron Energy AB ranks #163 out of 425 companies in the Utilities - Independent Power Producers industry, placing it in the top 38.4%.
Is Orron Energy AB's Piotroski F-Score too high?
Orron Energy 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 2.00 to a high of 9.00. The Utilities - Independent Power Producers industry median Piotroski F-Score is 5.00. Orron Energy AB's value of 5 is 0% at this industry median. Based on the distribution chart, Orron Energy AB ranks #163 out of 425 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Orron Energy AB has a GF Score™ of 44/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Orron Energy AB's Piotroski F-Score compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Orron Energy AB ranks #163 out of 425 companies for Piotroski F-Score. This puts Orron Energy AB in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Orron Energy AB's value of 5 is 0% at this benchmark. Historically, Orron Energy AB's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Orron Energy 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 an Utilities - Independent Power Producers company?
The median Piotroski F-Score among Utilities - Independent Power Producers companies is 5.00, based on 425 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. Orron Energy 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 Orron Energy AB and its competitors. For the Utilities - Independent Power Producers 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. Orron Energy 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 Orron Energy AB stock overvalued right now?
Based on GuruFocus' analysis, Orron Energy AB (LNDNF) is currently considered Modestly Undervalued. The stock's GF Value™ is $1.02, compared to a current price of $0.75 — trading 26.2% 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 Utilities - Independent Power Producers industry median of 5.00. Orron Energy AB's overall GF Score™ is 44/100 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 Orron Energy AB (LNDNF), the current Piotroski F-Score is 5 as of Aug. 18, 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 Orron Energy AB (LNDNF) Overvalued in 2026?

Based on GuruFocus' analysis, Orron Energy AB stock appears to be undervalued. The current stock price of $0.75 is trading 26.2% below its estimated GF Value™ of $1.02. GuruFocus considers Orron Energy AB to be Modestly Undervalued.

Key valuation signals for LNDNF:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: $1.02 vs. price of $0.75 (26.2% below fair value)
  • GF Score™: 44/100 with 4 warning signs
  • Industry Position: 0% at the Utilities - Independent Power Producers median (#163 of 425)

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


Orron Energy AB Business Description

Address Hovslagargatan 5, Stockholm, SWE, 111 48
Orron Energy AB is an independent renewable energy company with high-quality and low-cost wind and hydro assets in the Nordics. The company operates across the entire renewable energy lifecycle, including project initiation, development, operations, maintenance, and repowering.
44GF Score

Get the complete analysis for LNDNF

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

$0.75
Price
$1.02
GF Value