NGS Group AB (LSE:0FEU) Piotroski F-Score: 7 (As of Jun. 29, 2026) — 40% Above Median


What is NGS Group AB Piotroski F-Score?

NGS Group AB LSE:0FEU 8 Piotroski F-Score is 7 as of Jun. 29, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates LSE:0FEU with a GF Score™ of 8/100. The stock has 5 warning signs investors should review. Among 1,063 Business Services companies, NGS Group AB ranks better than 88.99% 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

NGS Group AB has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for NGS Group AB's Piotroski F-Score or its related term are showing as below:

LSE:0FEU' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of NGS Group AB was 9. The lowest was 2. And the median was 5.

NGS Group AB  (LSE:0FEU) 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.


NGS Group AB Piotroski F-Score Related Terms


NGS Group AB Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for NGS Group 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.

NGS Group AB Piotroski F-Score Chart

NGS Group 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 8.00 4.00 3.00 4.00 6.00

NGS Group AB 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 4.00 5.00 6.00 7.00

LSE:0FEU vs KFY, RHI, TNET: Piotroski F-Score Comparison

For the Staffing & Employment Services subindustry, NGS Group 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.


NGS Group AB Piotroski F-Score vs Business Services Industry

For the Business Services industry and Industrials sector, NGS Group AB's Piotroski F-Score distribution charts can be found below:

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


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 -0.514 + 0.365 + -29.834 + 1.984 = kr-28.00 Mil.
Cash Flow from Operations was 2.413 + -3.247 + 1.787 + 4.136 = kr5.09 Mil.
Revenue was 71.67 + 68.154 + 67.395 + 65.372 = kr272.59 Mil.
Gross Profit was 4.047 + 5.481 + 5.968 + 5.075 = kr20.57 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(147.23 + 144.32 + 143.974 + 115.605 + 118.026) / 5 = kr133.831 Mil.
Total Assets at the begining of this year (Mar25) was kr147.23 Mil.
Long-Term Debt & Capital Lease Obligation was kr7.31 Mil.
Total Current Assets was kr57.14 Mil.
Total Current Liabilities was kr38.81 Mil.
Net Income was -62.871 + -2.516 + -0.198 + -0.847 = kr-66.43 Mil.

Revenue was 85.497 + 82.857 + 87.158 + 75.998 = kr331.51 Mil.
Gross Profit was -7.588 + 2.536 + 7.581 + 5.298 = kr7.83 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(212.939 + 186.896 + 170.023 + 157.011 + 147.23) / 5 = kr174.8198 Mil.
Total Assets at the begining of last year (Mar24) was kr212.94 Mil.
Long-Term Debt & Capital Lease Obligation was kr8.73 Mil.
Total Current Assets was kr58.78 Mil.
Total Current Liabilities was kr45.79 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.

NGS Group AB's current Net Income (TTM) was -28.00. ==> 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.

NGS Group AB's current Cash Flow from Operations (TTM) was 5.09. ==> 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)
=-27.999/147.23
=-0.19017184

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-66.432/212.939
=-0.31197667

NGS Group AB's return on assets of this year was -0.19017184. NGS Group AB's return on assets of last year was -0.31197667. ==> 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.

NGS Group AB's current Net Income (TTM) was -28.00. NGS Group AB's current Cash Flow from Operations (TTM) was 5.09. ==> 5.09 > -28.00 ==> 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
=7.313/133.831
=0.05464354

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=8.729/174.8198
=0.04993142

NGS Group AB's gearing of this year was 0.05464354. NGS Group AB's gearing of last year was 0.04993142. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=57.136/38.812
=1.47212202

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=58.775/45.791
=1.28354917

NGS Group AB's current ratio of this year was 1.47212202. NGS Group AB's current ratio of last year was 1.28354917. ==> 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.

NGS Group AB's number of shares in issue this year was 0. NGS Group 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=20.571/272.591
=0.07546471

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=7.827/331.51
=0.02361015

NGS Group AB's gross margin of this year was 0.07546471. NGS Group AB's gross margin of last year was 0.02361015. ==> 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 (Mar25)
=272.591/147.23
=1.8514637

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=331.51/212.939
=1.55683083

NGS Group AB's asset turnover of this year was 1.8514637. NGS Group AB's asset turnover of last year was 1.55683083. ==> 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+1+1+1+0+1+1+1+1
=7

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

NGS Group AB has an F-score of 7. 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?
NGS Group AB (LSE:0FEU) has a Piotroski F-Score of 7 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on NGS Group AB and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, NGS Group AB's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, NGS Group AB ranks #117 out of 1063 companies in the Business Services industry, placing it in the top 11%.
Is NGS Group AB's Piotroski F-Score too high?
NGS Group AB's current Piotroski F-Score of 7 is 40% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 9.00. The Business Services industry median Piotroski F-Score is 5.00. NGS Group AB's value of 7 is 40% above this industry median. Based on the distribution chart, NGS Group AB ranks #117 out of 1063 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, NGS Group AB has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does NGS Group AB's Piotroski F-Score compare to KFY and RHI?
According to the Business Services industry distribution chart, NGS Group AB ranks #117 out of 1063 companies for Piotroski F-Score. This places NGS Group AB in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. NGS Group AB's value of 7 is 40% above this benchmark. Historically, NGS Group 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 5.00 vs. the industry median of 5.00, NGS Group AB 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,063 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. NGS Group AB'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 NGS Group AB and its competitors. For the Business Services 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. NGS Group AB's current Piotroski F-Score is 7, which is 40% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NGS Group AB stock overvalued right now?
NGS Group AB (LSE:0FEU) has a current Piotroski F-Score of 7. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 40% above the Business Services industry median of 5.00. NGS Group AB's overall GF Score™ is 8/100 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 NGS Group AB (LSE:0FEU), the current Piotroski F-Score is 7 as of Jun. 29, 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.

NGS Group AB Business Description

Other Exchanges NGS:Sweden
Address Kungsgatan 12, 7th floor, Stockholm, SWE, 111 36
NGS Group AB is a staffing and recruitment group focused on healthcare, school, social services and leadership.