Atlantic Petroleum P/F (LTS:0OF9) Piotroski F-Score: 2 (As of Jun. 30, 2026) — 50% Below Median


LTS:0OF9 Atlantic Petroleum P/F LTS:0OF9
34 GF Score
Price kr4.55
! 5 Warning Signs
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What is Atlantic Petroleum P/F Piotroski F-Score?

Atlantic Petroleum P/F LTS:0OF9 34 Piotroski F-Score is 2 as of Jun. 30, 2026, which is 50% below its 10-year median of 4.00. GuruFocus rates LTS:0OF9 with a GF Score™ of 34/100. The stock has 5 warning signs investors should review. Among 975 Oil & Gas companies, Atlantic Petroleum P/F ranks worse than 91.28% on this metric.

Warning Sign:

Piotroski F-Score of 2 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Atlantic Petroleum P/F has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Atlantic Petroleum P/F's Piotroski F-Score or its related term are showing as below:

LTS:0OF9' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 7
Current: 2

During the past 13 years, the highest Piotroski F-Score of Atlantic Petroleum P/F was 7. The lowest was 2. And the median was 4.

Atlantic Petroleum P/F  (LTS:0OF9) 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.


Atlantic Petroleum P/F Piotroski F-Score Related Terms


Atlantic Petroleum P/F Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Atlantic Petroleum P/F'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.

Atlantic Petroleum P/F Piotroski F-Score Chart

Atlantic Petroleum P/F 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 4.00 4.00 3.00 4.00 2.00

Atlantic Petroleum P/F 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 4.00 4.00 5.00 2.00 2.00

LTS:0OF9 vs COP, EOG, FANG: Piotroski F-Score Comparison

For the Oil & Gas E&P subindustry, Atlantic Petroleum P/F'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.


Atlantic Petroleum P/F Piotroski F-Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Atlantic Petroleum P/F's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Atlantic Petroleum P/F's Piotroski F-Score falls into.


LTS:0OF9
34GF Score
Atlantic Petroleum P/F LTS:0OF9
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 -0.206 + 0.428 + -1.762 + -0.385 = kr-1.93 Mil.
Cash Flow from Operations was -1.095 + -0.706 + -0.065 + 0.303 = kr-1.56 Mil.
Revenue was 0 + 0 + 0 + 0 = kr0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = kr0.00 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(10.955 + 8.964 + 7.346 + 4.414 + 3.635) / 5 = kr7.0628 Mil.
Total Assets at the begining of this year (Mar25) was kr10.96 Mil.
Long-Term Debt & Capital Lease Obligation was kr11.62 Mil.
Total Current Assets was kr3.64 Mil.
Total Current Liabilities was kr97.21 Mil.
Net Income was 2.741 + 6.461 + 2.174 + -2.299 = kr9.08 Mil.

Revenue was 0 + 0 + 0 + 0 = kr0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = kr0.00 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(24.154 + 25.052 + 19.879 + 15.891 + 10.955) / 5 = kr19.1862 Mil.
Total Assets at the begining of last year (Mar24) was kr24.15 Mil.
Long-Term Debt & Capital Lease Obligation was kr11.94 Mil.
Total Current Assets was kr5.97 Mil.
Total Current Liabilities was kr102.38 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.

Atlantic Petroleum P/F's current Net Income (TTM) was -1.93. ==> 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.

Atlantic Petroleum P/F's current Cash Flow from Operations (TTM) was -1.56. ==> Negative ==> Score 0.

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)
=-1.925/10.955
=-0.17571885

ROA (Last Year)=Net Income/Total Assets (Mar24)
=9.077/24.154
=0.37579697

Atlantic Petroleum P/F's return on assets of this year was -0.17571885. Atlantic Petroleum P/F's return on assets of last year was 0.37579697. ==> 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.

Atlantic Petroleum P/F's current Net Income (TTM) was -1.93. Atlantic Petroleum P/F's current Cash Flow from Operations (TTM) was -1.56. ==> -1.56 > -1.93 ==> 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
=11.616/7.0628
=1.6446735

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=11.936/19.1862
=0.62211381

Atlantic Petroleum P/F's gearing of this year was 1.6446735. Atlantic Petroleum P/F's gearing of last year was 0.62211381. ==> 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
=3.635/97.212
=0.0373925

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=5.968/102.377
=0.05829434

Atlantic Petroleum P/F's current ratio of this year was 0.0373925. Atlantic Petroleum P/F's current ratio of last year was 0.05829434. ==> 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.

Atlantic Petroleum P/F's number of shares in issue this year was 3.698. Atlantic Petroleum P/F's number of shares in issue last year was 3.698. ==> 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
=0/0
=

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0/0
=

Atlantic Petroleum P/F's gross margin of this year was . Atlantic Petroleum P/F's gross margin of last year was . ==> 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 (Mar25)
=0/10.955
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=0/24.154
=0

Atlantic Petroleum P/F's asset turnover of this year was 0. Atlantic Petroleum P/F's asset turnover of last year was 0. ==> 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
=0+0+0+1+0+0+1+0+0
=2

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

Atlantic Petroleum P/F has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 2 mean?
Atlantic Petroleum P/F (LTS:0OF9) has a Piotroski F-Score of 2 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Atlantic Petroleum P/F and its competitors. This is 50% below median its historical median of 4.00. Over the past decade, Atlantic Petroleum P/F's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Atlantic Petroleum P/F ranks #890 out of 975 companies in the Oil & Gas industry, placing it in the top 91.3%.
Is Atlantic Petroleum P/F's Piotroski F-Score too high?
Atlantic Petroleum P/F's current Piotroski F-Score of 2 is 50% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Oil & Gas industry median Piotroski F-Score is 5.00. Atlantic Petroleum P/F's value of 2 is 60% below this industry median. Based on the distribution chart, Atlantic Petroleum P/F ranks #890 out of 975 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Atlantic Petroleum P/F has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Atlantic Petroleum P/F's Piotroski F-Score compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Atlantic Petroleum P/F ranks #890 out of 975 companies for Piotroski F-Score. This places Atlantic Petroleum P/F in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Atlantic Petroleum P/F's value of 2 is 60% below this benchmark. Historically, Atlantic Petroleum P/F's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Atlantic Petroleum P/F 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 an Oil & Gas company?
The median Piotroski F-Score among Oil & Gas companies is 5.00, based on 975 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. Atlantic Petroleum P/F's current Piotroski F-Score of 2 is 60% 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 Atlantic Petroleum P/F and its competitors. For the Oil & Gas 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. Atlantic Petroleum P/F's current Piotroski F-Score is 2, which is 50% below median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atlantic Petroleum P/F stock overvalued right now?
Atlantic Petroleum P/F (LTS:0OF9) has a current Piotroski F-Score of 2. The current Piotroski F-Score is 2, which is 50% below median its 10-year median of 4.00 and 60% below the Oil & Gas industry median of 5.00. Atlantic Petroleum P/F's overall GF Score™ is 34/100 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 Atlantic Petroleum P/F (LTS:0OF9), the current Piotroski F-Score is 2 as of Jun. 30, 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.

Atlantic Petroleum P/F Business Description

Industry EnergyOil & Gas
Other Exchanges ATLA DKK:DenmarkB3W:Germany
Address Lucas Debesargota 8, P.O. Box 1228, Torshavn, FRO, FO-110
Atlantic Petroleum P/F is engaged in the production and sale of hydrocarbons. Geographically, the company operates in four regional segments: the Faroe Islands, the United Kingdom, Norway, and Others.
34GF Score

Get the complete analysis for LTS:0OF9

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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