RanLOS AB (NGM:RLOS B) Piotroski F-Score: 4 (As of Jun. 24, 2026) — Near Median


NGM:RLOS B RanLOS AB NGM:RLOS B
6 GF Score
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What is RanLOS AB Piotroski F-Score?

RanLOS AB NGM:RLOS B +4.08% 6 Piotroski F-Score is 4 as of Jun. 24, 2026, which is at its 10-year median of 4.00. GuruFocus rates NGM:RLOS B with a GF Score™ of 6/100. The stock has 5 warning signs investors should review. Among 2,425 Hardware companies, RanLOS AB ranks worse than 62.31% 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

RanLOS 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 RanLOS AB's Piotroski F-Score or its related term are showing as below:

NGM:RLOS B' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 6
Current: 4

During the past 5 years, the highest Piotroski F-Score of RanLOS AB was 6. The lowest was 3. And the median was 4.

RanLOS AB  (NGM:RLOS B) 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.


RanLOS AB Piotroski F-Score Related Terms


RanLOS AB Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for RanLOS 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.

RanLOS AB Piotroski F-Score Chart

RanLOS AB Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A 6.00 3.00 4.00

RanLOS AB Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only 6.00 0.00 3.00 0.00 4.00

NGM:RLOS B vs COHR, KEYS, GRMN: Piotroski F-Score Comparison

For the Scientific & Technical Instruments subindustry, RanLOS 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.


RanLOS AB Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, RanLOS AB's Piotroski F-Score distribution charts can be found below:

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


NGM:RLOS B
6GF Score
RanLOS AB NGM:RLOS B
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 kr-8.27 Mil.
Cash Flow from Operations was kr-4.98 Mil.
Revenue was kr0.58 Mil.
Gross Profit was kr1.30 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (16.8 + 21.409) / 2 = kr19.1045 Mil.
Total Assets at the begining of this year (Dec24) was kr16.80 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.17 Mil.
Total Current Assets was kr12.46 Mil.
Total Current Liabilities was kr4.02 Mil.
Net Income was kr-7.87 Mil.

Revenue was kr0.65 Mil.
Gross Profit was kr2.49 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (13.893 + 16.8) / 2 = kr15.3465 Mil.
Total Assets at the begining of last year (Dec23) was kr13.89 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.50 Mil.
Total Current Assets was kr6.76 Mil.
Total Current Liabilities was kr3.77 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.

RanLOS AB's current Net Income (TTM) was -8.27. ==> 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.

RanLOS AB's current Cash Flow from Operations (TTM) was -4.98. ==> Negative ==> Score 0.

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)
=-8.266/16.8
=-0.49202381

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-7.874/13.893
=-0.56676024

RanLOS AB's return on assets of this year was -0.49202381. RanLOS AB's return on assets of last year was -0.56676024. ==> 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.

RanLOS AB's current Net Income (TTM) was -8.27. RanLOS AB's current Cash Flow from Operations (TTM) was -4.98. ==> -4.98 > -8.27 ==> 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
=0.167/19.1045
=0.0087414

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0.5/15.3465
=0.03258072

RanLOS AB's gearing of this year was 0.0087414. RanLOS AB's gearing of last year was 0.03258072. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=12.461/4.021
=3.09898035

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=6.759/3.77
=1.7928382

RanLOS AB's current ratio of this year was 3.09898035. RanLOS AB's current ratio of last year was 1.7928382. ==> 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.

RanLOS AB's number of shares in issue this year was 8.388. RanLOS AB's number of shares in issue last year was 4.018. ==> 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
=1.297/0.575
=2.25565217

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2.492/0.648
=3.84567901

RanLOS AB's gross margin of this year was 2.25565217. RanLOS AB's gross margin of last year was 3.84567901. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec24)
=0.575/16.8
=0.03422619

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=0.648/13.893
=0.04664219

RanLOS AB's asset turnover of this year was 0.03422619. RanLOS AB's asset turnover of last year was 0.04664219. ==> 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+0+1+1+1+1+0+0+0
=4

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

RanLOS AB has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
RanLOS AB (NGM:RLOS B) has a Piotroski F-Score of 4 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on RanLOS AB and its competitors. This is near median its historical median of 4.00. Over the past decade, RanLOS AB's Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, RanLOS AB ranks #1511 out of 2425 companies in the Hardware industry, placing it in the top 62.3%.
Is RanLOS AB's Piotroski F-Score too high?
RanLOS AB's current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 6.00. The Hardware industry median Piotroski F-Score is 5.00. RanLOS AB's value of 4 is 20% below this industry median. Based on the distribution chart, RanLOS AB ranks #1511 out of 2425 companies in the Hardware industry, which is below the industry midpoint. Overall, RanLOS AB has a GF Score™ of 6/100, reflecting its overall financial health beyond just this single metric.
How does RanLOS AB's Piotroski F-Score compare to COHR and KEYS?
According to the Hardware industry distribution chart, RanLOS AB ranks #1511 out of 2425 companies for Piotroski F-Score. This places RanLOS AB in the lower half of its industry. The industry median Piotroski F-Score is 5.00. RanLOS AB's value of 4 is 20% below this benchmark. Historically, RanLOS AB's own Piotroski F-Score has ranged from 3.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, RanLOS 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 2,425 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. RanLOS 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 RanLOS 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. RanLOS AB's current Piotroski F-Score is 4, which is near median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RanLOS AB stock overvalued right now?
RanLOS AB (NGM:RLOS B) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Hardware industry median of 5.00. RanLOS AB's overall GF Score™ is 6/100 with 5 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 RanLOS AB (NGM:RLOS B), the current Piotroski F-Score is 4 as of Jun. 24, 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.

RanLOS AB Business Description

Address Flojelbergsgatan 20 C, Molndal, SWE, 431 37
RanLOS AB develops measurement technologies for testing and verifying antennas and systems used in connected vehicles and other wireless devices.
6GF Score

Get the complete analysis for NGM:RLOS B

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

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