L E Lundbergforetagen ABMIL:1LUND 72 Piotroski F-Score is 4 as of Jun. 28, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates MIL:1LUND with a GF Score™ of 72/100 and a GF Value™ of €44.50. The stock has 7 warning signs investors should review. Among 555 Conglomerates companies, L E Lundbergforetagen AB ranks worse than 71.35% 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
L E Lundbergforetagen AB 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 L E Lundbergforetagen AB's Piotroski F-Score or its related term are showing as below:
MIL:1LUND'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 8
Current: 4
During the past 13 years, the highest Piotroski F-Score of L E Lundbergforetagen AB was 8. The lowest was 3. And the median was 6.
L E Lundbergforetagen AB (MIL:1LUND) 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.
L E Lundbergforetagen AB Piotroski F-Score Related Terms
L E Lundbergforetagen AB Piotroski F-Score Historical Data
* 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.
MIL:1LUND vs HON, MMM: Piotroski F-Score Comparison
For the Conglomerates subindustry, L E Lundbergforetagen 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.
L E Lundbergforetagen AB Piotroski F-Score vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, L E Lundbergforetagen AB's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where L E Lundbergforetagen AB'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.
This Year (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 159.631 + 225.074 + 431.25 + 441.078 = €1,257 Mil. Cash Flow from Operations was 375.65 + 117.446 + 153.368 + 143.065 = €790 Mil. Revenue was 668.306 + 600.955 + 600.883 + 766.386 = €2,637 Mil. Gross Profit was 668.306 + 600.955 + 600.883 + 766.386 = €2,637 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(21024.105 + 20890.104 + 21344.769 + 22196.832 + 23253.118) / 5 = €21741.7856 Mil. Total Assets at the begining of this year (Mar25) was €21,024 Mil. Long-Term Debt & Capital Lease Obligation was €0 Mil. Total Current Assets was €1,465 Mil. Total Current Liabilities was €1,464 Mil.
Net Income was -33.663 + 188.938 + 18.257 + 287.648 = €461 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.
L E Lundbergforetagen AB's current Net Income (TTM) was 1,257.
==> 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.
L E Lundbergforetagen AB's current Cash Flow from Operations (TTM) was 790.
==> 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.
L E Lundbergforetagen AB's return on assets of this year was 0.05979008. L E Lundbergforetagen AB's return on assets of last year was 0.02349643.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
L E Lundbergforetagen AB's gearing of this year was 0. L E Lundbergforetagen AB'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
L E Lundbergforetagen AB's current ratio of this year was 1.00082467. L E Lundbergforetagen AB's current ratio of last year was 1.02594524.
==> 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.
L E Lundbergforetagen AB's number of shares in issue this year was 247.965. L E Lundbergforetagen AB's number of shares in issue last year was 247.915.
==> 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.
L E Lundbergforetagen AB's gross margin of this year was 1. L E Lundbergforetagen AB's gross margin of last year was 1.
==> 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
L E Lundbergforetagen AB's asset turnover of this year was 0.1254051. L E Lundbergforetagen AB's asset turnover of last year was 0.13397632.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
L E Lundbergforetagen AB has an F-score of 4 indicating the company's financial situation is typical for a stable company.
L E Lundbergforetagen AB (MIL:1LUND) has a Piotroski F-Score of 4 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on L E Lundbergforetagen AB and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, L E Lundbergforetagen AB's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, L E Lundbergforetagen AB ranks #396 out of 555 companies in the Conglomerates industry, placing it in the top 71.4%.
Is L E Lundbergforetagen AB's Piotroski F-Score too high?
L E Lundbergforetagen AB'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 3.00 to a high of 8.00. The Conglomerates industry median Piotroski F-Score is 5.00. L E Lundbergforetagen AB's value of 4 is 20% below this industry median. Based on the distribution chart, L E Lundbergforetagen AB ranks #396 out of 555 companies in the Conglomerates industry, which is below the industry midpoint. Overall, L E Lundbergforetagen AB has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does L E Lundbergforetagen AB's Piotroski F-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, L E Lundbergforetagen AB ranks #396 out of 555 companies for Piotroski F-Score. This places L E Lundbergforetagen AB in the lower half of its industry. The industry median Piotroski F-Score is 5.00. L E Lundbergforetagen AB's value of 4 is 20% below this benchmark. Historically, L E Lundbergforetagen 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 6.00 vs. the industry median of 5.00, L E Lundbergforetagen AB 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 Conglomerates company?
The median Piotroski F-Score among Conglomerates companies is 5.00, based on 555 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. L E Lundbergforetagen AB'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 L E Lundbergforetagen AB and its competitors. For the Conglomerates 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. L E Lundbergforetagen AB'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 L E Lundbergforetagen AB stock overvalued right now?
L E Lundbergforetagen AB (MIL:1LUND) has a current Piotroski F-Score of 4. The stock's GF Value™ is €44.50, compared to a current price of €49.38 — trading 11% 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 Conglomerates industry median of 5.00. L E Lundbergforetagen AB's overall GF Score™ is 72/100 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 L E Lundbergforetagen AB (MIL:1LUND), the current Piotroski F-Score is 4 as of Jun. 28, 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 L E Lundbergforetagen AB (MIL:1LUND) Overvalued in 2026?
Based on GuruFocus' analysis, L E Lundbergforetagen AB stock appears to be overvalued.
The current stock price of €49.38 is trading 11% above its estimated GF Value™ of €44.50.
Key valuation signals for MIL:1LUND:
Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
GF Value™: €44.50 vs. price of €49.38 (11% above fair value)
Industry Position: 20% below the Conglomerates median (#396 of 555)
No single metric tells the full story. See the MIL:1LUND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
L E Lundbergforetagen AB is an investment holding company with a long-term, activist orientation. Its portfolio includes a wholly owned unlisted real estate entity, publicly-traded subsidiaries, and other shareholdings. Lundberg's investment objective is to generate returns on capital that over time substantially exceed the yield on a risk-free, interest-bearing instrument. Real estate operations, which the company has conducted through subsidiaries for decades, account for nearly half of the company's net asset value. Lundberg exercises activism through board representation on all of its portfolio companies. It supports its capital allocation program by maintaining low levels of indebtedness on its balance sheet.
72GF Score
Get the complete analysis for MIL:1LUND
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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