Pandox AB (LTS:0R8U) Piotroski F-Score: 8 (As of Aug. 15, 2026) — 60% Above Median

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LTS:0R8U Pandox AB LTS:0R8U
74 GF Score
Price kr175.10
GF Value kr194.65
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Pandox AB Piotroski F-Score?

Pandox AB LTS:0R8U +0.11% 74 Piotroski F-Score is 8 as of Aug. 15, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates LTS:0R8U with a GF Score™ of 74/100 and a GF Value™ of kr194.65 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,748 Real Estate companies, Pandox AB ranks better than 98.86% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

Pandox AB has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Pandox AB's Piotroski F-Score or its related term are showing as below:

LTS:0R8U' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Pandox AB was 8. The lowest was 3. And the median was 5.

Pandox AB  (LTS:0R8U) 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.


Pandox AB Piotroski F-Score Related Terms


Pandox AB Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Pandox AB'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.

Pandox AB Piotroski F-Score Chart

Pandox AB 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 6.00 7.00 5.00 7.00 6.00

Pandox AB Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 7.00 5.00 6.00 7.00 8.00

LTS:0R8U vs CBRE, BEKE, JLL: Piotroski F-Score Comparison

For the Real Estate Services subindustry, Pandox AB'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.


Pandox AB Piotroski F-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Pandox AB's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Pandox AB's Piotroski F-Score falls into.


LTS:0R8U
74GF Score
Pandox AB LTS:0R8U
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 (Jun26) TTM:Last Year (Jun25) TTM:
Net Income was 633 + 1690 + 640 + 222 = kr3,185 Mil.
Cash Flow from Operations was 425 + 1761 + 565 + 1086 = kr3,837 Mil.
Revenue was 1972 + 2076 + 1685 + 2185 = kr7,918 Mil.
Gross Profit was 1175 + 1218 + 956 + 1381 = kr4,730 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(81598 + 84805 + 111894 + 113779 + 115561) / 5 = kr101527.4 Mil.
Total Assets at the begining of this year (Jun25) was kr81,598 Mil.
Long-Term Debt & Capital Lease Obligation was kr48,896 Mil.
Total Current Assets was kr18,475 Mil.
Total Current Liabilities was kr23,071 Mil.
Net Income was -41 + 579 + 113 + 703 = kr1,354 Mil.

Revenue was 1873 + 1896 + 1518 + 1903 = kr7,190 Mil.
Gross Profit was 1090 + 991 + 752 + 1077 = kr3,910 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(75164 + 78848 + 80688 + 78089 + 81598) / 5 = kr78877.4 Mil.
Total Assets at the begining of last year (Jun24) was kr75,164 Mil.
Long-Term Debt & Capital Lease Obligation was kr38,677 Mil.
Total Current Assets was kr3,674 Mil.
Total Current Liabilities was kr4,119 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.

Pandox AB's current Net Income (TTM) was 3,185. ==> 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.

Pandox AB's current Cash Flow from Operations (TTM) was 3,837. ==> 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 (Jun25)
=3185/81598
=0.03903282

ROA (Last Year)=Net Income/Total Assets (Jun24)
=1354/75164
=0.01801394

Pandox AB's return on assets of this year was 0.03903282. Pandox AB's return on assets of last year was 0.01801394. ==> 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.

Pandox AB's current Net Income (TTM) was 3,185. Pandox AB's current Cash Flow from Operations (TTM) was 3,837. ==> 3,837 > 3,185 ==> 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: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun25 to Jun26
=48896/101527.4
=0.48160398

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=38677/78877.4
=0.49034324

Pandox AB's gearing of this year was 0.48160398. Pandox AB's gearing of last year was 0.49034324. ==> 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: Jun26)=Total Current Assets/Total Current Liabilities
=18475/23071
=0.80078887

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=3674/4119
=0.89196407

Pandox AB's current ratio of this year was 0.80078887. Pandox AB's current ratio of last year was 0.89196407. ==> 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.

Pandox AB's number of shares in issue this year was 194.603. Pandox AB's number of shares in issue last year was 194.603. ==> 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
=4730/7918
=0.59737307

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3910/7190
=0.54381085

Pandox AB's gross margin of this year was 0.59737307. Pandox AB's gross margin of last year was 0.54381085. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jun25)
=7918/81598
=0.09703669

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=7190/75164
=0.0956575

Pandox AB's asset turnover of this year was 0.09703669. Pandox AB's asset turnover of last year was 0.0956575. ==> 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+0+1+1+1
=8

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

Pandox AB has an F-score of 8. 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 8 mean?
Pandox AB (LTS:0R8U) has a Piotroski F-Score of 8 as of Aug. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Pandox AB and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Pandox AB's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Pandox AB ranks #20 out of 1748 companies in the Real Estate industry, placing it in the top 1.1%.
Is Pandox AB's Piotroski F-Score too high?
Pandox AB's current Piotroski F-Score of 8 is 60% 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 Real Estate industry median Piotroski F-Score is 5.00. Pandox AB's value of 8 is 60% above this industry median. Based on the distribution chart, Pandox AB ranks #20 out of 1748 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Pandox AB has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pandox AB's Piotroski F-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Pandox AB ranks #20 out of 1748 companies for Piotroski F-Score. This places Pandox AB in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Pandox AB's value of 8 is 60% above this benchmark. Historically, Pandox AB'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, Pandox AB 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,748 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. Pandox AB's current Piotroski F-Score of 8 is 60% 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 Pandox AB and its competitors. For the Real Estate 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. Pandox AB's current Piotroski F-Score is 8, which is 60% 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 Pandox AB stock overvalued right now?
Based on GuruFocus' analysis, Pandox AB (LTS:0R8U) is currently considered Modestly Undervalued. The stock's GF Value™ is kr194.65, compared to a current price of kr175.10 — trading 10% below its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 60% above the Real Estate industry median of 5.00. Pandox AB's overall GF Score™ is 74/100 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 Pandox AB (LTS:0R8U), the current Piotroski F-Score is 8 as of Aug. 15, 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 Pandox AB (LTS:0R8U) Overvalued in 2026?

Based on GuruFocus' analysis, Pandox AB stock appears to be undervalued. The current stock price of kr175.10 is trading 10% below its estimated GF Value™ of kr194.65. GuruFocus considers Pandox AB to be Modestly Undervalued.

Key valuation signals for LTS:0R8U:

  • Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
  • GF Value™: kr194.65 vs. price of kr175.10 (10% below fair value)
  • GF Score™: 74/100 with 7 warning signs
  • Industry Position: 60% above the Real Estate median (#20 of 1748)

No single metric tells the full story. See the LTS:0R8U stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pandox AB Business Description

Other Exchanges PNDX B:SwedenPOX:Germany
Address Vasagatan 11, 9th floor, Box 15, Stockholm, SWE, SE-101 20
Pandox AB is a hotel property company focused on owning, developing, and leasing hotel properties to hotel operators, with its business concept based on long-term, revenue-based leases with guaranteed minimum levels. It also operates certain hotels itself as part of its ownership. Its activities include property management, property development, and portfolio optimisation, along with leasing hotel properties and operating hotels under its Own Operations segment. The Company operates through two main segments, namely Leases, which contributes the maximum revenue and is the core business with long-term revenue-based lease agreements, and Own Operations, where the Company operates hotels in its own properties. Geographically, Pandox has a presence across Europe.
74GF Score

Get the complete analysis for LTS:0R8U

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

kr175.10
Price
kr194.65
GF Value