Akzo Nobel NVLTS:0LND -1.59%70 Piotroski F-Score is 6 as of Jun. 29, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates LTS:0LND with a GF Score™ of 70/100 and a GF Value™ of €56.34 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,563 Chemicals companies, Akzo Nobel NV ranks better than 76.33% 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
Akzo Nobel NV has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Akzo Nobel NV's Piotroski F-Score or its related term are showing as below:
LTS:0LND'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 8
Current: 6
During the past 13 years, the highest Piotroski F-Score of Akzo Nobel NV was 8. The lowest was 3. And the median was 5.
Akzo Nobel NV (LTS:0LND) 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.
Akzo Nobel NV Piotroski F-Score Related Terms
Akzo Nobel NV Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Akzo Nobel 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.
LTS:0LND vs LIN, SHW, ECL: Piotroski F-Score Comparison
For the Specialty Chemicals subindustry, Akzo Nobel 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.
Akzo Nobel NV Piotroski F-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Akzo Nobel NV's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Akzo Nobel NV'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.
Akzo Nobel NV's current Net Income (TTM) was 621.
==> 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.
Akzo Nobel NV's return on assets of this year was 0.04181818. Akzo Nobel NV's return on assets of last year was 0.03270669.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Akzo Nobel NV's gearing of this year was 0.32872642. Akzo Nobel NV's gearing of last year was 0.2846805.
==> 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
Akzo Nobel NV's current ratio of this year was 1.71575108. Akzo Nobel NV's current ratio of last year was 1.36156895.
==> 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.
Akzo Nobel NV's number of shares in issue this year was 171.2. Akzo Nobel NV's number of shares in issue last year was 172.581.
==> 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.
Akzo Nobel NV's gross margin of this year was 0.40066459. Akzo Nobel NV's gross margin of last year was 0.40228379.
==> 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
Akzo Nobel NV's asset turnover of this year was 0.66875421. Akzo Nobel NV's asset turnover of last year was 0.74666294.
==> 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
+
1
+
1
+
0
+
1
+
1
+
0
+
0
=
6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Akzo Nobel NV has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Akzo Nobel NV (LTS:0LND) has a Piotroski F-Score of 6 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Akzo Nobel NV and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Akzo Nobel NV's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Akzo Nobel NV ranks #370 out of 1563 companies in the Chemicals industry, placing it in the top 23.7%.
Is Akzo Nobel NV's Piotroski F-Score too high?
Akzo Nobel NV's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Chemicals industry median Piotroski F-Score is 5.00. Akzo Nobel NV's value of 6 is 20% above this industry median. Based on the distribution chart, Akzo Nobel NV ranks #370 out of 1563 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Akzo Nobel NV has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Akzo Nobel NV's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Akzo Nobel NV ranks #370 out of 1563 companies for Piotroski F-Score. This places Akzo Nobel NV in the top 24% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Akzo Nobel NV's value of 6 is 20% above this benchmark. Historically, Akzo Nobel NV's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Akzo Nobel 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,563 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. Akzo Nobel NV's current Piotroski F-Score of 6 is 20% 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 Akzo Nobel NV and its competitors. For the Chemicals 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. Akzo Nobel NV's current Piotroski F-Score is 6, which is 20% 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 Akzo Nobel NV stock overvalued right now?
Based on GuruFocus' analysis, Akzo Nobel NV (LTS:0LND) is currently considered Fairly Valued. The stock's GF Value™ is €56.34, compared to a current price of €60.08 — trading 6.6% above its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Chemicals industry median of 5.00. Akzo Nobel NV's overall GF Score™ is 70/100 with 7 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 Akzo Nobel NV (LTS:0LND), the current Piotroski F-Score is 6 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.
Is Akzo Nobel NV (LTS:0LND) Overvalued in 2026?
Based on GuruFocus' analysis, Akzo Nobel NV stock appears to be overvalued.
The current stock price of €60.08 is trading 6.6% above its estimated GF Value™ of €56.34.
GuruFocus considers Akzo Nobel NV to be Fairly Valued.
Key valuation signals for LTS:0LND:
Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
GF Value™: €56.34 vs. price of €60.08 (6.6% above fair value)
Industry Position: 20% above the Chemicals median (#370 of 1563)
No single metric tells the full story. See the LTS:0LND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AkzoNobel is the world's third-largest paints and coatings producer, with its largest market being Europe, the Middle East, and Africa, which accounted for roughly 48% of revenue in 2025. The company operates through two segments: decorative paints, which focuses on architectural interior and exterior coatings, and performance coatings, which serves industrial end markets such as automotive refinish, aerospace, and marine and protective applications.
70GF Score
Get the complete analysis for LTS:0LND
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
LTS:0LND has been successfully added to your 
