NFO Drives ABNGM:NFO MTF 4 Piotroski F-Score is 4 as of Jun. 27, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates NGM:NFO MTF with a GF Score™ of 4/100. The stock has 2 warning signs investors should review. Among 2,426 Hardware companies, NFO Drives AB ranks worse than 62.2% 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
NFO Drives 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 NFO Drives AB's Piotroski F-Score or its related term are showing as below:
NGM:NFO MTF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 8
Current: 4
During the past 13 years, the highest Piotroski F-Score of NFO Drives AB was 8. The lowest was 2. And the median was 5.
NFO Drives AB (NGM:NFO MTF) 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.
NFO Drives AB Piotroski F-Score Related Terms
NFO Drives AB Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for NFO Drives 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.
NGM:NFO MTF vs COHR, KEYS, GRMN: Piotroski F-Score Comparison
For the Scientific & Technical Instruments subindustry, NFO Drives 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.
NFO Drives AB Piotroski F-Score vs Hardware Industry
For the Hardware industry and Technology sector, NFO Drives AB's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where NFO Drives 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.
*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.
NFO Drives AB's current Net Income (TTM) was -6.00.
==> 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.
NFO Drives AB's return on assets of this year was -0.3118637. NFO Drives AB's return on assets of last year was -0.2261215.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
NFO Drives AB's current ratio of this year was 3.01231343. NFO Drives AB's current ratio of last year was 4.48581651.
==> 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.
NFO Drives AB's number of shares in issue this year was 0. NFO Drives AB's number of shares in issue last year was 0.
==> 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.
NFO Drives AB's gross margin of this year was 0.29697429. NFO Drives AB's gross margin of last year was 0.26162699.
==> 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
NFO Drives AB's asset turnover of this year was 0.89097237. NFO Drives AB's asset turnover of last year was 1.38690281.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
NFO Drives AB has an F-score of 4 indicating the company's financial situation is typical for a stable company.
NFO Drives AB (NGM:NFO MTF) has a Piotroski F-Score of 4 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on NFO Drives AB and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, NFO Drives AB's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, NFO Drives AB ranks #1509 out of 2426 companies in the Hardware industry, placing it in the top 62.2%.
Is NFO Drives AB's Piotroski F-Score too high?
NFO Drives AB's current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Hardware industry median Piotroski F-Score is 5.00. NFO Drives AB's value of 4 is 20% below this industry median. Based on the distribution chart, NFO Drives AB ranks #1509 out of 2426 companies in the Hardware industry, which is below the industry midpoint. Overall, NFO Drives AB has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does NFO Drives AB's Piotroski F-Score compare to COHR and KEYS?
According to the Hardware industry distribution chart, NFO Drives AB ranks #1509 out of 2426 companies for Piotroski F-Score. This places NFO Drives AB in the lower half of its industry. The industry median Piotroski F-Score is 5.00. NFO Drives AB's value of 4 is 20% below this benchmark. Historically, NFO Drives AB'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 5.00 vs. the industry median of 5.00, NFO Drives 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,426 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. NFO Drives 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 NFO Drives AB and its competitors. For the Hardware 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. NFO Drives AB's current Piotroski F-Score is 4, which is 20% below 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 NFO Drives AB stock overvalued right now?
NFO Drives AB (NGM:NFO MTF) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Hardware industry median of 5.00. NFO Drives AB's overall GF Score™ is 4/100 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 NFO Drives AB (NGM:NFO MTF), the current Piotroski F-Score is 4 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.
NFO Drives AB is a technology company. The group is engaged in the development, manufacture, and marketing of NFO Sinus frequency inverters that are used to regulate the RPM of electric motors. Its product is used to control the speed of electric motors in machines, fans, and pumps. The company products are used in residential properties, industry, agricultural environment and hospital.
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