Bang & Olufsen ASLTS:0MRM +0.64%59 Piotroski F-Score is 4 as of Jul. 07, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates LTS:0MRM with a GF Score™ of 59/100 and a GF Value™ of kr8.39 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 2,427 Hardware companies, Bang & Olufsen AS ranks worse than 62.18% 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
Bang & Olufsen AS 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 Bang & Olufsen AS's Piotroski F-Score or its related term are showing as below:
LTS:0MRM'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 6 Max: 8
Current: 4
During the past 13 years, the highest Piotroski F-Score of Bang & Olufsen AS was 8. The lowest was 2. And the median was 6.
Bang & Olufsen AS (LTS:0MRM) 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.
Bang & Olufsen AS Piotroski F-Score Related Terms
Bang & Olufsen AS Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Bang & Olufsen AS'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.
For the Consumer Electronics subindustry, Bang & Olufsen AS'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.
Bang & Olufsen AS Piotroski F-Score vs Hardware Industry
For the Hardware industry and Technology sector, Bang & Olufsen AS's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Bang & Olufsen AS'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.
Bang & Olufsen AS's current Net Income (TTM) was -107.
==> 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.
Bang & Olufsen AS's return on assets of this year was -0.0457265. Bang & Olufsen AS's return on assets of last year was -0.01262516.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Bang & Olufsen AS's gearing of this year was 0.11530031. Bang & Olufsen AS's gearing of last year was 0.06642226.
==> 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
Bang & Olufsen AS's current ratio of this year was 1.34330011. Bang & Olufsen AS's current ratio of last year was 1.48061224.
==> 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.
Bang & Olufsen AS's number of shares in issue this year was 147.327. Bang & Olufsen AS's number of shares in issue last year was 147.327.
==> 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.
Bang & Olufsen AS's gross margin of this year was 0.58184765. Bang & Olufsen AS's gross margin of last year was 0.54994125.
==> 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
Bang & Olufsen AS's asset turnover of this year was 1.05470085. Bang & Olufsen AS's asset turnover of last year was 1.11144972.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Bang & Olufsen AS has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Bang & Olufsen AS (LTS:0MRM) has a Piotroski F-Score of 4 as of Jul. 07, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Bang & Olufsen AS and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Bang & Olufsen AS's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Bang & Olufsen AS ranks #1509 out of 2427 companies in the Hardware industry, placing it in the top 62.2%.
Is Bang & Olufsen AS's Piotroski F-Score too high?
Bang & Olufsen AS's current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Hardware industry median Piotroski F-Score is 5.00. Bang & Olufsen AS's value of 4 is 20% below this industry median. Based on the distribution chart, Bang & Olufsen AS ranks #1509 out of 2427 companies in the Hardware industry, which is below the industry midpoint. Overall, Bang & Olufsen AS has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bang & Olufsen AS's Piotroski F-Score compare to AAPL?
According to the Hardware industry distribution chart, Bang & Olufsen AS ranks #1509 out of 2427 companies for Piotroski F-Score. This places Bang & Olufsen AS in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Bang & Olufsen AS's value of 4 is 20% below this benchmark. Historically, Bang & Olufsen AS'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 6.00 vs. the industry median of 5.00, Bang & Olufsen AS has consistently been below 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,427 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. Bang & Olufsen AS's current Piotroski F-Score of 4 is 20% below 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 Bang & Olufsen AS and its competitors. For the Hardware 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. Bang & Olufsen AS's current Piotroski F-Score is 4, which is 33% below 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 Bang & Olufsen AS stock overvalued right now?
Based on GuruFocus' analysis, Bang & Olufsen AS (LTS:0MRM) is currently considered Modestly Overvalued. The stock's GF Value™ is kr8.39, compared to a current price of kr9.39 — trading 11.9% above its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Hardware industry median of 5.00. Bang & Olufsen AS's overall GF Score™ is 59/100 with 2 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 Bang & Olufsen AS (LTS:0MRM), the current Piotroski F-Score is 4 as of Jul. 07, 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 Bang & Olufsen AS (LTS:0MRM) Overvalued in 2026?
Based on GuruFocus' analysis, Bang & Olufsen AS stock appears to be overvalued.
The current stock price of kr9.39 is trading 11.9% above its estimated GF Value™ of kr8.39.
GuruFocus considers Bang & Olufsen AS to be Modestly Overvalued.
Key valuation signals for LTS:0MRM:
Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
GF Value™: kr8.39 vs. price of kr9.39 (11.9% above fair value)
Industry Position: 20% below the Hardware median (#1509 of 2427)
No single metric tells the full story. See the LTS:0MRM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bang & Olufsen AS designs, develops, and markets audio and video products including music systems, loudspeakers, television sets, headphones, other multimedia products, and related accessories. Its operating segments include EMEA, which is the company's key revenue-generating segment, followed by the Americas and Asia-Pacific (APAC). The company generates maximum revenue from the Staged product category, followed by On-the-go, Flexible Living, and Brand Partnering and other activities.
59GF Score
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