Afarak Group SELSE:AFRK 43 Piotroski F-Score is 4 as of Jun. 27, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates LSE:AFRK with a GF Score™ of 43/100 and a GF Value™ of £0.26. The stock has 5 warning signs investors should review. Among 2,512 Metals & Mining companies, Afarak Group SE ranks better than 78.22% 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
Afarak Group SE has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Afarak Group SE's Piotroski F-Score or its related term are showing as below:
LSE:AFRK'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 8
Current: 4
During the past 13 years, the highest Piotroski F-Score of Afarak Group SE was 8. The lowest was 2. And the median was 5.
Afarak Group SE (LSE:AFRK) 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.
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.
Afarak Group SE Piotroski F-Score Related Terms
Afarak Group SE Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Afarak Group SE'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.
Afarak Group SE Piotroski F-Score Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Afarak Group SE'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.
Afarak Group SE Piotroski F-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Afarak Group SE's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Afarak Group SE's Piotroski F-Score falls into.
* 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.
*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.
Afarak Group SE's current Net Income (TTM) was -7.8.
==> 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.
Afarak Group SE's return on assets of this year was -0.05837878. Afarak Group SE's return on assets of last year was -0.04484549.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Afarak Group SE's gearing of this year was 0.00371304. Afarak Group SE's gearing of last year was 0.00202405.
==> 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
Afarak Group SE's current ratio of this year was 1.7037594. Afarak Group SE's current ratio of last year was 3.23466216.
==> 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.
Afarak Group SE's number of shares in issue this year was 261.4. Afarak Group SE's number of shares in issue last year was 261.472.
==> 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.
Afarak Group SE's gross margin of this year was 0.19326255. Afarak Group SE's gross margin of last year was 0.19965275.
==> 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
Afarak Group SE's asset turnover of this year was 0.92325738. Afarak Group SE's asset turnover of last year was 0.76184416.
==> 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
+
0
+
1
+
0
+
0
+
1
+
0
+
1
=
4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Afarak Group SE has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Afarak Group SE (LSE:AFRK) has a Piotroski F-Score of 4 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Afarak Group SE and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Afarak Group SE's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Afarak Group SE ranks #547 out of 2512 companies in the Metals & Mining industry, placing it in the top 21.8%.
Is Afarak Group SE's Piotroski F-Score too high?
Afarak Group SE's current Piotroski F-Score of 4 is 20% below 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 8.00. The Metals & Mining industry median Piotroski F-Score is 3.00. Afarak Group SE's value of 4 is 33.3% above this industry median. Based on the distribution chart, Afarak Group SE ranks #547 out of 2512 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Afarak Group SE has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does Afarak Group SE's Piotroski F-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Afarak Group SE ranks #547 out of 2512 companies for Piotroski F-Score. This places Afarak Group SE in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Afarak Group SE's value of 4 is 33.3% above this benchmark. Historically, Afarak Group SE's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 3.00, Afarak Group SE 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 Metals & Mining company?
The median Piotroski F-Score among Metals & Mining companies is 3.00, based on 2,512 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. Afarak Group SE's current Piotroski F-Score of 4 is 33.3% 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 Afarak Group SE and its competitors. For the Metals & Mining industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Afarak Group SE's current Piotroski F-Score is 4, which is 20% below 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 Afarak Group SE stock overvalued right now?
Afarak Group SE (LSE:AFRK) has a current Piotroski F-Score of 4. The stock's GF Value™ is £0.26, compared to a current price of £0.22 — trading 13.8% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 33.3% above the Metals & Mining industry median of 3.00. Afarak Group SE's overall GF Score™ is 43/100 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 Afarak Group SE (LSE:AFRK), the current Piotroski F-Score is 4 as of Jun. 27, 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 Afarak Group SE (LSE:AFRK) Overvalued in 2026?
Based on GuruFocus' analysis, Afarak Group SE stock appears to be undervalued.
The current stock price of £0.22 is trading 13.8% below its estimated GF Value™ of £0.26.
Key valuation signals for LSE:AFRK:
Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
GF Value™: £0.26 vs. price of £0.22 (13.8% below fair value)
Industry Position: 33.3% above the Metals & Mining median (#547 of 2512)
No single metric tells the full story. See the LSE:AFRK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Afarak Group SE is a chrome mining and minerals producer focused on sustainable growth with a specialty alloys business in southern Europe and a ferroalloys business. The company has two operating segments FerroAlloys and Speciality Alloys. The FerroAlloys business consists of the plant Vlakpoort mine, Zeerust mine, and the Mecklenburg mine in South Africa. It produces chrome ore, charge chrome, medium carbon ferrochrome, and silicomanganese. The Speciality Alloys business consists of Turk Maadin Sirketi A.S, the mining and beneficiation operation in Turkey, and Elektrowerk Weisweiler GmbH, the chromite concentrate processing plant in Germany. The company operates in European countries, the United States, China, Africa, Finland, and Other countries.
43GF Score
Get the complete analysis for LSE:AFRK
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LSE:AFRK has been successfully added to your 
