LOTBY (Lotus Bakeries NV) Piotroski F-Score: 7 (As of Jun. 26, 2026) — 17% Above Median


LOTBY Lotus Bakeries NV LOTBY
100 GF Score
Price $114.50
GF Value $112.83
! 5 Warning Signs
View Full Analysis

What is Lotus Bakeries NV Piotroski F-Score?

Lotus Bakeries NV LOTBY 100 Piotroski F-Score is 7 as of Jun. 26, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates LOTBY with a GF Score™ of 100/100 and a GF Value™ of $112.83. The stock has 5 warning signs investors should review. Among 1,912 Consumer Packaged Goods companies, Lotus Bakeries NV ranks better than 88.6% 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

Lotus Bakeries NV has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

LOTBY' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Lotus Bakeries NV was 8. The lowest was 5. And the median was 6.

Lotus Bakeries NV  (OTCPK:LOTBY) 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.


Lotus Bakeries NV Piotroski F-Score Related Terms


Lotus Bakeries NV Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Lotus Bakeries NV'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.

Lotus Bakeries NV Piotroski F-Score Chart

Lotus Bakeries NV 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 8.00 5.00 7.00 6.00 7.00

Lotus Bakeries NV 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 7.00 0.00 6.00 0.00 7.00

LOTBY vs KHC, GIS, JBS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Lotus Bakeries NV'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.


Lotus Bakeries NV Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Lotus Bakeries NV's Piotroski F-Score distribution charts can be found below:

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


LOTBY
100GF Score
Lotus Bakeries NV LOTBY
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 $202 Mil.
Cash Flow from Operations was $241 Mil.
Revenue was $1,587 Mil.
Gross Profit was $629 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (1457.783 + 1799.205) / 2 = $1628.494 Mil.
Total Assets at the begining of this year (Dec24) was $1,458 Mil.
Long-Term Debt & Capital Lease Obligation was $293 Mil.
Total Current Assets was $590 Mil.
Total Current Liabilities was $398 Mil.
Net Income was $160 Mil.

Revenue was $1,290 Mil.
Gross Profit was $503 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (1356.056 + 1457.783) / 2 = $1406.9195 Mil.
Total Assets at the begining of last year (Dec23) was $1,356 Mil.
Long-Term Debt & Capital Lease Obligation was $189 Mil.
Total Current Assets was $418 Mil.
Total Current Liabilities was $355 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.

Lotus Bakeries NV's current Net Income (TTM) was 202. ==> 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.

Lotus Bakeries NV's current Cash Flow from Operations (TTM) was 241. ==> 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)
=201.707/1457.783
=0.13836559

ROA (Last Year)=Net Income/Total Assets (Dec23)
=159.766/1356.056
=0.11781667

Lotus Bakeries NV's return on assets of this year was 0.13836559. Lotus Bakeries NV's return on assets of last year was 0.11781667. ==> 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.

Lotus Bakeries NV's current Net Income (TTM) was 202. Lotus Bakeries NV's current Cash Flow from Operations (TTM) was 241. ==> 241 > 202 ==> 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
=292.593/1628.494
=0.17967091

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=189.006/1406.9195
=0.13434031

Lotus Bakeries NV's gearing of this year was 0.17967091. Lotus Bakeries NV's gearing of last year was 0.13434031. ==> 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
=590.389/397.559
=1.48503493

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=417.941/355.018
=1.1772389

Lotus Bakeries NV's current ratio of this year was 1.48503493. Lotus Bakeries NV's current ratio of last year was 1.1772389. ==> 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.

Lotus Bakeries NV's number of shares in issue this year was 81.301. Lotus Bakeries NV's number of shares in issue last year was 81.307. ==> 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
=629.381/1586.722
=0.39665486

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=502.691/1289.962
=0.38969443

Lotus Bakeries NV's gross margin of this year was 0.39665486. Lotus Bakeries NV's gross margin of last year was 0.38969443. ==> 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)
=1586.722/1457.783
=1.08844869

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1289.962/1356.056
=0.95126012

Lotus Bakeries NV's asset turnover of this year was 1.08844869. Lotus Bakeries NV's asset turnover of last year was 0.95126012. ==> 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+1+1+0+1+1+1+1
=8

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

Lotus Bakeries NV has an F-score of 8. 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?
Lotus Bakeries NV (LOTBY) has a Piotroski F-Score of 7 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Lotus Bakeries NV and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Lotus Bakeries NV's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Lotus Bakeries NV ranks #218 out of 1912 companies in the Consumer Packaged Goods industry, placing it in the top 11.4%.
Is Lotus Bakeries NV's Piotroski F-Score too high?
Lotus Bakeries NV'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 5.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Lotus Bakeries NV's value of 7 is 40% above this industry median. Based on the distribution chart, Lotus Bakeries NV ranks #218 out of 1912 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Lotus Bakeries NV has a GF Score™ of 100/100, reflecting its overall financial health beyond just this single metric.
How does Lotus Bakeries NV's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Lotus Bakeries NV ranks #218 out of 1912 companies for Piotroski F-Score. This places Lotus Bakeries NV in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Lotus Bakeries NV's value of 7 is 40% above this benchmark. Historically, Lotus Bakeries NV'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 6.00 vs. the industry median of 5.00, Lotus Bakeries NV 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,912 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. Lotus Bakeries NV'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 Lotus Bakeries NV and its competitors. For the Consumer Packaged Goods 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. Lotus Bakeries NV'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 Lotus Bakeries NV stock overvalued right now?
Lotus Bakeries NV (LOTBY) has a current Piotroski F-Score of 7. The stock's GF Value™ is $112.83, compared to a current price of $114.50 — trading 1.5% 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 40% above the Consumer Packaged Goods industry median of 5.00. Lotus Bakeries NV's overall GF Score™ is 100/100 with 5 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 Lotus Bakeries NV (LOTBY), the current Piotroski F-Score is 7 as of Jun. 26, 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 Lotus Bakeries NV (LOTBY) Overvalued in 2026?

Based on GuruFocus' analysis, Lotus Bakeries NV stock appears to be overvalued. The current stock price of $114.50 is trading 1.5% above its estimated GF Value™ of $112.83.

Key valuation signals for LOTBY:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: $112.83 vs. price of $114.50 (1.5% above fair value)
  • GF Score™: 100/100 with 5 warning signs
  • Industry Position: 40% above the Consumer Packaged Goods median (#218 of 1912)

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


Lotus Bakeries NV Business Description

Address Gentstraat 1, Lembeke, BEL, 9971
Lotus Bakeries NV is active in the indulgent and better-for-you snacking segment and is engaged in the manufacture and sale of biscuits, waffles, cakes, and other snack products. The Group offers multiple products, including caramelized biscuits, waffles and galettes, cake specialties, gingerbread, and other biscuits, and distributes its products through retail, catering, and food service channels. Its brands include Biscoff, Nakd, TREK, BEAR, Kiddylicious, Lotus Dinosaurus, Peijnenburg, Snelle Jelle, Annas, and Peter's Yard. Its activities are organised under three strategic pillars, namely Lotus Biscoff, Lotus Natural Foods, and Lotus Local Heroes. The company operates in Continental Europe, which generates maximum revenue, as well as in the UK, the Americas, and the rest of the world.
100GF Score

Get the complete analysis for LOTBY

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

$114.50
Price
$112.83
GF Value