Eukedos SpA (MIL:EUK) Piotroski F-Score: 3 (As of Jul. 10, 2026) — 50% Below Median


MIL:EUK Eukedos SpA MIL:EUK
31 GF Score
Price €0.55
GF Value €0.88
Valuation Possible Value Trap
! 7 Warning Signs
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What is Eukedos SpA Piotroski F-Score?

Eukedos SpA MIL:EUK -5.17% 31 Piotroski F-Score is 3 as of Jul. 10, 2026, which is 50% below its 10-year median of 6.00. GuruFocus rates MIL:EUK with a GF Score™ of 31/100 and a GF Value™ of €0.88 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 652 Healthcare Providers & Services companies, Eukedos SpA ranks worse than 83.59% on this metric.

Warning Sign:

Piotroski F-Score of 3 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

Eukedos SpA has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

MIL:EUK' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 7
Current: 3

During the past 13 years, the highest Piotroski F-Score of Eukedos SpA was 7. The lowest was 3. And the median was 6.

Eukedos SpA  (MIL:EUK) 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.


Eukedos SpA Piotroski F-Score Related Terms


Eukedos SpA Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Eukedos 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.

Eukedos SpA Piotroski F-Score Chart

Eukedos SpA 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 6.00 6.00 6.00 3.00

Eukedos SpA 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 6.00 0.00 6.00 0.00 3.00

MIL:EUK vs HCA, THC, DVA: Piotroski F-Score Comparison

For the Medical Care Facilities subindustry, Eukedos 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.


Eukedos SpA Piotroski F-Score vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Eukedos SpA's Piotroski F-Score distribution charts can be found below:

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


MIL:EUK
31GF Score
Eukedos SpA MIL:EUK
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 €-0.75 Mil.
Cash Flow from Operations was €6.24 Mil.
Revenue was €52.91 Mil.
Gross Profit was €50.45 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (182.787 + 180.333) / 2 = €181.56 Mil.
Total Assets at the begining of this year (Dec24) was €182.79 Mil.
Long-Term Debt & Capital Lease Obligation was €110.61 Mil.
Total Current Assets was €7.73 Mil.
Total Current Liabilities was €36.46 Mil.
Net Income was €-0.52 Mil.

Revenue was €51.69 Mil.
Gross Profit was €48.96 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (149.105 + 182.787) / 2 = €165.946 Mil.
Total Assets at the begining of last year (Dec23) was €149.11 Mil.
Long-Term Debt & Capital Lease Obligation was €92.85 Mil.
Total Current Assets was €11.15 Mil.
Total Current Liabilities was €29.29 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.

Eukedos SpA's current Net Income (TTM) was -0.75. ==> 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.

Eukedos SpA's current Cash Flow from Operations (TTM) was 6.24. ==> 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)
=-0.749/182.787
=-0.00409767

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-0.524/149.105
=-0.0035143

Eukedos SpA's return on assets of this year was -0.00409767. Eukedos SpA's return on assets of last year was -0.0035143. ==> 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.

Eukedos SpA's current Net Income (TTM) was -0.75. Eukedos SpA's current Cash Flow from Operations (TTM) was 6.24. ==> 6.24 > -0.75 ==> 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
=110.607/181.56
=0.60920357

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=92.847/165.946
=0.55950128

Eukedos SpA's gearing of this year was 0.60920357. Eukedos SpA's gearing of last year was 0.55950128. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=7.734/36.464
=0.21209961

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=11.148/29.29
=0.38060772

Eukedos SpA's current ratio of this year was 0.21209961. Eukedos SpA's current ratio of last year was 0.38060772. ==> 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.

Eukedos SpA's number of shares in issue this year was 22.742. Eukedos SpA's number of shares in issue last year was 22.684. ==> 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
=50.447/52.907
=0.95350332

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=48.959/51.692
=0.94712915

Eukedos SpA's gross margin of this year was 0.95350332. Eukedos SpA's gross margin of last year was 0.94712915. ==> 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 (Dec24)
=52.907/182.787
=0.28944619

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=51.692/149.105
=0.34668187

Eukedos SpA's asset turnover of this year was 0.28944619. Eukedos SpA's asset turnover of last year was 0.34668187. ==> 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+1+0+1+0+0+0+1+0
=3

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

Eukedos SpA has an F-score of 3. 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 3 mean?
Eukedos SpA (MIL:EUK) has a Piotroski F-Score of 3 as of Jul. 10, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Eukedos SpA and its competitors. This is 50% below median its historical median of 6.00. Over the past decade, Eukedos SpA's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Eukedos SpA ranks #545 out of 652 companies in the Healthcare Providers & Services industry, placing it in the top 83.6%.
Is Eukedos SpA's Piotroski F-Score too high?
Eukedos SpA's current Piotroski F-Score of 3 is 50% 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 7.00. The Healthcare Providers & Services industry median Piotroski F-Score is 5.00. Eukedos SpA's value of 3 is 40% below this industry median. Based on the distribution chart, Eukedos SpA ranks #545 out of 652 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, Eukedos SpA has a GF Score™ of 31/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Eukedos SpA's Piotroski F-Score compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Eukedos SpA ranks #545 out of 652 companies for Piotroski F-Score. This places Eukedos SpA in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Eukedos SpA's value of 3 is 40% below this benchmark. Historically, Eukedos SpA's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Eukedos SpA 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 Healthcare Providers & Services company?
The median Piotroski F-Score among Healthcare Providers & Services companies is 5.00, based on 652 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. Eukedos SpA's current Piotroski F-Score of 3 is 40% 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 Eukedos SpA and its competitors. For the Healthcare Providers & Services 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. Eukedos SpA's current Piotroski F-Score is 3, which is 50% 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 Eukedos SpA stock overvalued right now?
Based on GuruFocus' analysis, Eukedos SpA (MIL:EUK) is currently considered Possible Value Trap. The stock's GF Value™ is €0.88, compared to a current price of €0.55 — trading 37.5% below its estimated fair value. The current Piotroski F-Score is 3, which is 50% below median its 10-year median of 6.00 and 40% below the Healthcare Providers & Services industry median of 5.00. Eukedos SpA's overall GF Score™ is 31/100 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 Eukedos SpA (MIL:EUK), the current Piotroski F-Score is 3 as of Jul. 10, 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 Eukedos SpA (MIL:EUK) Overvalued in 2026?

Based on GuruFocus' analysis, Eukedos SpA stock appears to be undervalued. The current stock price of €0.55 is trading 37.5% below its estimated GF Value™ of €0.88. GuruFocus considers Eukedos SpA to be Possible Value Trap.

Key valuation signals for MIL:EUK:

  • Piotroski F-Score: 3 (50% below median its 10-year median of 6.00)
  • GF Value™: €0.88 vs. price of €0.55 (37.5% below fair value)
  • GF Score™: 31/100 with 7 warning signs
  • Industry Position: 40% below the Healthcare Providers & Services median (#545 of 652)

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


Eukedos SpA Business Description

Address Via Benedetto da Foiano, 14, Florence, ITA, 50125
Eukedos SpA along with its holdings provides healthcare and medical products. The company manages retirement homes for elderly and adults disabled.
31GF Score

Get the complete analysis for MIL:EUK

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

€0.55
Price
€0.88
GF Value