Exosens (LSE:0EXO) Piotroski F-Score: 5 (As of Jun. 28, 2026) — 29% Below Median


LSE:0EXO Exosens SA LSE:0EXO
46 GF Score
Price €21.00
! 3 Warning Signs
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What is Exosens Piotroski F-Score?

Exosens LSE:0EXO 46 Piotroski F-Score is 5 as of Jun. 28, 2026, which is 29% below its 10-year median of 7.00. GuruFocus rates LSE:0EXO with a GF Score™ of 46/100. The stock has 3 warning signs investors should review. Among 2,972 Industrial Products companies, Exosens ranks better than 56.43% 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

Exosens 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 Exosens's Piotroski F-Score or its related term are showing as below:

LSE:0EXO' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 7
Current: 5

During the past 6 years, the highest Piotroski F-Score of Exosens was 7. The lowest was 5. And the median was 7.

Exosens  (LSE:0EXO) 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.


Exosens Piotroski F-Score Related Terms


Exosens Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Exosens'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.

Exosens Piotroski F-Score Chart

Exosens Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A 6.00 7.00 7.00 5.00

Exosens Semi-Annual Data
Dec20 Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only 7.00 N/A 7.00 7.00 5.00

LSE:0EXO vs VRT, BE, NVT: Piotroski F-Score Comparison

For the Electrical Equipment & Parts subindustry, Exosens'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.


Exosens Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Exosens's Piotroski F-Score distribution charts can be found below:

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


LSE:0EXO
46GF Score
Exosens SA LSE:0EXO
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 €30.7 Mil.
Cash Flow from Operations was €107.4 Mil.
Revenue was €383.4 Mil.
Gross Profit was €222.3 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (817.014 + 878.9) / 2 = €847.957 Mil.
Total Assets at the begining of this year (Dec24) was €817.0 Mil.
Long-Term Debt & Capital Lease Obligation was €13.6 Mil.
Total Current Assets was €280.2 Mil.
Total Current Liabilities was €113.7 Mil.
Net Income was €42.7 Mil.

Revenue was €468.2 Mil.
Gross Profit was €277.5 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (656.412 + 817.014) / 2 = €736.713 Mil.
Total Assets at the begining of last year (Dec23) was €656.4 Mil.
Long-Term Debt & Capital Lease Obligation was €255.1 Mil.
Total Current Assets was €314.2 Mil.
Total Current Liabilities was €107.0 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.

Exosens's current Net Income (TTM) was 30.7. ==> 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.

Exosens's current Cash Flow from Operations (TTM) was 107.4. ==> 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)
=30.7/817.014
=0.03757586

ROA (Last Year)=Net Income/Total Assets (Dec23)
=42.7/656.412
=0.06505061

Exosens's return on assets of this year was 0.03757586. Exosens's return on assets of last year was 0.06505061. ==> 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.

Exosens's current Net Income (TTM) was 30.7. Exosens's current Cash Flow from Operations (TTM) was 107.4. ==> 107.4 > 30.7 ==> 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
=13.6/847.957
=0.01603855

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=255.067/736.713
=0.34622302

Exosens's gearing of this year was 0.01603855. Exosens's gearing of last year was 0.34622302. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=280.2/113.7
=2.46437995

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=314.201/106.973
=2.93719911

Exosens's current ratio of this year was 2.46437995. Exosens's current ratio of last year was 2.93719911. ==> 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.

Exosens's number of shares in issue this year was 50.689. Exosens's number of shares in issue last year was 50.764. ==> 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
=222.3/383.4
=0.57981221

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=277.5/468.2
=0.59269543

Exosens's gross margin of this year was 0.57981221. Exosens's gross margin of last year was 0.59269543. ==> 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 (Dec24)
=383.4/817.014
=0.4692698

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=468.2/656.412
=0.71327154

Exosens's asset turnover of this year was 0.4692698. Exosens's asset turnover of last year was 0.71327154. ==> 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+0+1+1+0+1+0+0
=5

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

Exosens 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?
Exosens (LSE:0EXO) has a Piotroski F-Score of 5 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Exosens and its competitors. This is 29% below median its historical median of 7.00. Over the past decade, Exosens' Piotroski F-Score has ranged from 5.00 to 7.00. According to the industry distribution chart, Exosens ranks #1295 out of 2972 companies in the Industrial Products industry, placing it in the top 43.6%.
Is Exosens' Piotroski F-Score too high?
Exosens' current Piotroski F-Score of 5 is 29% below 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 7.00. The Industrial Products industry median Piotroski F-Score is 5.00. Exosens' value of 5 is 0% at this industry median. Based on the distribution chart, Exosens ranks #1295 out of 2972 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Exosens has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does Exosens' Piotroski F-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Exosens ranks #1295 out of 2972 companies for Piotroski F-Score. This puts Exosens in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Exosens' value of 5 is 0% at this benchmark. Historically, Exosens' own Piotroski F-Score has ranged from 5.00 to 7.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Exosens 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 Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,972 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. Exosens'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 Exosens and its competitors. For the Industrial 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. Exosens's current Piotroski F-Score is 5, which is 29% below 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 Exosens stock overvalued right now?
Exosens (LSE:0EXO) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is 29% below median its 10-year median of 7.00 and 0% at the Industrial Products industry median of 5.00. Exosens' overall GF Score™ is 46/100 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 Exosens (LSE:0EXO), the current Piotroski F-Score is 5 as of Jun. 28, 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.

Exosens Business Description

Address 18 Avenue de Pythagore, Domaine de Pelus, Axis Business Park Bat 5E, Merignac, FRA, 33700
Exosens SA is a high-tech company specializing in electro-optical technologies for amplification, detection, and imaging. It offers products such as night vision tubes, ultraviolet cameras, travelling wave tubes, and various detectors for defense, life sciences, nuclear, and industrial sectors. With multiple production sites in Europe and North America. The company's activities are organized into two main segments: Amplification, which focuses on electron or electromagnetic wave amplification systems mainly used in defense night vision equipment and generates the majority of its revenue, and Detection & Imaging, which provides high value-added components for commercial markets such as nuclear power, research, and industrial applications.
46GF Score

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