Caleffi SpAMIL:CLF -3.97%33 Piotroski F-Score is 7 as of Jun. 27, 2026, which is at its 10-year median of 7.00. GuruFocus rates MIL:CLF with a GF Score™ of 33/100 and a GF Value™ of €0.90 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,053 Manufacturing - Apparel & Accessories companies, Caleffi SpA ranks better than 90.98% 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
Caleffi SpA 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 Caleffi SpA's Piotroski F-Score or its related term are showing as below:
MIL:CLF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 7 Max: 8
Current: 7
During the past 13 years, the highest Piotroski F-Score of Caleffi SpA was 8. The lowest was 2. And the median was 7.
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.
Caleffi SpA Piotroski F-Score Related Terms
Caleffi SpA Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Caleffi SpA'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 Textile Manufacturing subindustry, Caleffi SpA'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.
Caleffi SpA Piotroski F-Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Caleffi SpA's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Caleffi SpA'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.
Caleffi SpA's current Net Income (TTM) was 1.84.
==> 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.
Caleffi SpA's return on assets of this year was 0.03011218. Caleffi SpA's return on assets of last year was 0.03007276.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Caleffi SpA's gearing of this year was 0.1704353. Caleffi SpA's gearing of last year was 0.16822814.
==> 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
Caleffi SpA's current ratio of this year was 2.33616505. Caleffi SpA's current ratio of last year was 2.01416775.
==> 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.
Caleffi SpA's number of shares in issue this year was 15.372. Caleffi SpA's number of shares in issue last year was 15.776.
==> 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.
Caleffi SpA's gross margin of this year was 0.43675113. Caleffi SpA's gross margin of last year was 0.43385562.
==> 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
Caleffi SpA's asset turnover of this year was 1.00196812. Caleffi SpA's asset turnover of last year was 1.03055665.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Caleffi SpA has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Caleffi SpA (MIL:CLF) has a Piotroski F-Score of 7 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Caleffi SpA and its competitors. This is near median its historical median of 7.00. Over the past decade, Caleffi SpA's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Caleffi SpA ranks #95 out of 1053 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 9%.
Is Caleffi SpA's Piotroski F-Score too high?
Caleffi SpA's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Manufacturing - Apparel & Accessories industry median Piotroski F-Score is 5.00. Caleffi SpA's value of 7 is 40% above this industry median. Based on the distribution chart, Caleffi SpA ranks #95 out of 1053 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Caleffi SpA has a GF Score™ of 33/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Caleffi SpA's Piotroski F-Score compare to AIN?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Caleffi SpA ranks #95 out of 1053 companies for Piotroski F-Score. This places Caleffi SpA in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Caleffi SpA's value of 7 is 40% above this benchmark. Historically, Caleffi SpA'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 7.00 vs. the industry median of 5.00, Caleffi SpA 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 Manufacturing - Apparel & Accessories company?
The median Piotroski F-Score among Manufacturing - Apparel & Accessories companies is 5.00, based on 1,053 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. Caleffi SpA'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 Caleffi SpA and its competitors. For the Manufacturing - Apparel & Accessories 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. Caleffi SpA's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Caleffi SpA stock overvalued right now?
Based on GuruFocus' analysis, Caleffi SpA (MIL:CLF) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.90, compared to a current price of €0.77 — trading 14% below its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Manufacturing - Apparel & Accessories industry median of 5.00. Caleffi SpA's overall GF Score™ is 33/100 with 3 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 Caleffi SpA (MIL:CLF), the current Piotroski F-Score is 7 as of Jun. 27, 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 Caleffi SpA (MIL:CLF) Overvalued in 2026?
Based on GuruFocus' analysis, Caleffi SpA stock appears to be undervalued.
The current stock price of €0.77 is trading 14% below its estimated GF Value™ of €0.90.
GuruFocus considers Caleffi SpA to be Modestly Undervalued.
Key valuation signals for MIL:CLF:
Piotroski F-Score: 7 (near median its 10-year median of 7.00)
GF Value™: €0.90 vs. price of €0.77 (14% below fair value)
Industry Position: 40% above the Manufacturing - Apparel & Accessories median (#95 of 1053)
No single metric tells the full story. See the MIL:CLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Caleffi SpA is engaged in the design, manufacturing, and marketing of luxury household linen including duvet covers, sheets, throws, towels, bathrobes, etc. The company's products are sold under its brands such as Caleffi Colors, Living, Campus, Yachting, Cambio, Spugnissima, etc., and through licensed brands such as Disney, Barbie, and Mariella Burani. It caters to both Italian and international markets through its distribution network, both in the retail business and in the wholesale. The company's product offering spans across two categories; Bed which includes the bed cover, lat linen, and accessories; and Other which includes the bathroom, furniture, nightwear, homewear, table, and kitchen textiles. Geographically, it derives key revenue from its business in Italy.
33GF Score
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