Burkhalter Holding AG (LTS:0QO2) Piotroski F-Score: 7 (As of Jun. 24, 2026) — 17% Above Median


LTS:0QO2 Burkhalter Holding AG LTS:0QO2
80 GF Score
Price CHF156.00
GF Value CHF106.15
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Burkhalter Holding AG Piotroski F-Score?

Burkhalter Holding AG LTS:0QO2 +0.37% 80 Piotroski F-Score is 7 as of Jun. 24, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates LTS:0QO2 with a GF Score™ of 80/100 and a GF Value™ of CHF106.15 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,734 Construction companies, Burkhalter Holding AG ranks better than 89.33% 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

Burkhalter Holding AG 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 Burkhalter Holding AG's Piotroski F-Score or its related term are showing as below:

LTS:0QO2' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of Burkhalter Holding AG was 7. The lowest was 4. And the median was 6.

Burkhalter Holding AG  (LTS:0QO2) 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.


Burkhalter Holding AG Piotroski F-Score Related Terms


Burkhalter Holding AG Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Burkhalter Holding AG'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.

Burkhalter Holding AG Piotroski F-Score Chart

Burkhalter Holding AG 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 7.00 7.00 4.00 6.00 7.00

Burkhalter Holding AG Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 6.00 0.00 7.00

LTS:0QO2 vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, Burkhalter Holding AG'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.


Burkhalter Holding AG Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Burkhalter Holding AG's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Burkhalter Holding AG's Piotroski F-Score falls into.


LTS:0QO2
80GF Score
Burkhalter Holding AG LTS:0QO2
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was CHF61 Mil.
Cash Flow from Operations was CHF110 Mil.
Revenue was CHF1,202 Mil.
Gross Profit was CHF820 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (469.108 + 463.775) / 2 = CHF466.4415 Mil.
Total Assets at the begining of this year (Dec24) was CHF469 Mil.
Long-Term Debt & Capital Lease Obligation was CHF0 Mil.
Total Current Assets was CHF395 Mil.
Total Current Liabilities was CHF281 Mil.
Net Income was CHF57 Mil.

Revenue was CHF1,157 Mil.
Gross Profit was CHF805 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (469.887 + 469.108) / 2 = CHF469.4975 Mil.
Total Assets at the begining of last year (Dec23) was CHF470 Mil.
Long-Term Debt & Capital Lease Obligation was CHF0 Mil.
Total Current Assets was CHF397 Mil.
Total Current Liabilities was CHF292 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.

Burkhalter Holding AG's current Net Income (TTM) was 61. ==> 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.

Score 1 if positive, 0 if negative.

Burkhalter Holding AG's current Cash Flow from Operations (TTM) was 110. ==> 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 (Dec24)
=61.336/469.108
=0.13075027

ROA (Last Year)=Net Income/Total Assets (Dec23)
=57.169/469.887
=0.12166542

Burkhalter Holding AG's return on assets of this year was 0.13075027. Burkhalter Holding AG's return on assets of last year was 0.12166542. ==> 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.

Burkhalter Holding AG's current Net Income (TTM) was 61. Burkhalter Holding AG's current Cash Flow from Operations (TTM) was 110. ==> 110 > 61 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=0/466.4415
=0

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0/469.4975
=0

Burkhalter Holding AG's gearing of this year was 0. Burkhalter Holding AG's gearing of last year was 0. ==> This year is lower or equal to last year. ==> Score 1.

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: Dec25)=Total Current Assets/Total Current Liabilities
=395.077/280.765
=1.40714477

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=397.419/291.885
=1.3615602

Burkhalter Holding AG's current ratio of this year was 1.40714477. Burkhalter Holding AG's current ratio of last year was 1.3615602. ==> 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.

Burkhalter Holding AG's number of shares in issue this year was 10.619. Burkhalter Holding AG's number of shares in issue last year was 10.614. ==> There is larger number of shares in issue this year. ==> Score 0.

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
=819.859/1201.526
=0.68234811

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=805.32/1156.577
=0.69629605

Burkhalter Holding AG's gross margin of this year was 0.68234811. Burkhalter Holding AG's gross margin of last year was 0.69629605. ==> 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 (Dec24)
=1201.526/469.108
=2.56129932

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1156.577/469.887
=2.46139391

Burkhalter Holding AG's asset turnover of this year was 2.56129932. Burkhalter Holding AG's asset turnover of last year was 2.46139391. ==> 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
=1+1+1+1+1+1+0+0+1
=7

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

Burkhalter Holding AG 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?
Burkhalter Holding AG (LTS:0QO2) has a Piotroski F-Score of 7 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Burkhalter Holding AG and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Burkhalter Holding AG's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Burkhalter Holding AG ranks #185 out of 1734 companies in the Construction industry, placing it in the top 10.7%.
Is Burkhalter Holding AG's Piotroski F-Score too high?
Burkhalter Holding AG's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Construction industry median Piotroski F-Score is 5.00. Burkhalter Holding AG's value of 7 is 40% above this industry median. Based on the distribution chart, Burkhalter Holding AG ranks #185 out of 1734 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Burkhalter Holding AG has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Burkhalter Holding AG's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Burkhalter Holding AG ranks #185 out of 1734 companies for Piotroski F-Score. This places Burkhalter Holding AG in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Burkhalter Holding AG's value of 7 is 40% above this benchmark. Historically, Burkhalter Holding AG's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Burkhalter Holding AG 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,734 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. Burkhalter Holding AG'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 Burkhalter Holding AG and its competitors. For the Construction 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. Burkhalter Holding AG's current Piotroski F-Score is 7, which is 17% above 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 Burkhalter Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Burkhalter Holding AG (LTS:0QO2) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF106.15, compared to a current price of CHF156.00 — trading 47% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Construction industry median of 5.00. Burkhalter Holding AG's overall GF Score™ is 80/100 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 Burkhalter Holding AG (LTS:0QO2), the current Piotroski F-Score is 7 as of Jun. 24, 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 Burkhalter Holding AG (LTS:0QO2) Overvalued in 2026?

Based on GuruFocus' analysis, Burkhalter Holding AG stock appears to be overvalued. The current stock price of CHF156.00 is trading 47% above its estimated GF Value™ of CHF106.15. GuruFocus considers Burkhalter Holding AG to be Significantly Overvalued.

Key valuation signals for LTS:0QO2:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: CHF106.15 vs. price of CHF156.00 (47% above fair value)
  • GF Score™: 80/100 with 2 warning signs
  • Industry Position: 40% above the Construction median (#185 of 1734)

No single metric tells the full story. See the LTS:0QO2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Burkhalter Holding AG Business Description

Address Hohlstrasse 475, Zurich, CHE, 8048
Burkhalter Holding AG is a Switzerland-based company which provides electrical engineering services to the construction sector comprising residential and non-residential buildings as well as infrastructure facilities. It provides electrical engineering services at the place of a power station and includes all processes up to and including the regulation of electrical installations and end user machines for buildings. The company's products and services include installations, switchboards, maintenance and repairs, telematics, wiring, cabling, building automation, control & regulation systems and technical security solutions. It undertakes installations and implements systems for high and low voltage equipment in industrial, commercial, non-residential and residential properties.
80GF Score

Get the complete analysis for LTS:0QO2

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

CHF156.00
Price
CHF106.15
GF Value