Railway Metrics and Dynamics Sweden AB (NGM:RMDX) Piotroski F-Score: 3 (As of Jul. 06, 2026) — 25% Below Median


NGM:RMDX Railway Metrics and Dynamics Sweden AB NGM:RMDX
9 GF Score
Price kr1.11
! 3 Warning Signs
View Full Analysis

What is Railway Metrics and Dynamics Sweden AB Piotroski F-Score?

Railway Metrics and Dynamics Sweden AB NGM:RMDX +0.45% 9 Piotroski F-Score is 3 as of Jul. 06, 2026, which is 25% below its 10-year median of 4.00. GuruFocus rates NGM:RMDX with a GF Score™ of 9/100. The stock has 3 warning signs investors should review. Among 977 Transportation companies, Railway Metrics and Dynamics Sweden AB ranks worse than 88.43% 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

Railway Metrics and Dynamics Sweden AB 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 Railway Metrics and Dynamics Sweden AB's Piotroski F-Score or its related term are showing as below:

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

During the past 7 years, the highest Piotroski F-Score of Railway Metrics and Dynamics Sweden AB was 6. The lowest was 3. And the median was 4.

Railway Metrics and Dynamics Sweden AB  (NGM:RMDX) 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.


Railway Metrics and Dynamics Sweden AB Piotroski F-Score Related Terms


Railway Metrics and Dynamics Sweden AB Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Railway Metrics and Dynamics Sweden 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.

Railway Metrics and Dynamics Sweden AB Piotroski F-Score Chart

Railway Metrics and Dynamics Sweden AB Annual Data
Trend Jun19 Jun20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 3.00 4.00 6.00 4.00 3.00

Railway Metrics and Dynamics Sweden AB Semi-Annual Data
Jun19 Jun20 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 6.00 5.00 4.00 4.00 3.00

NGM:RMDX vs UNP, CSX, NSC: Piotroski F-Score Comparison

For the Railroads subindustry, Railway Metrics and Dynamics Sweden 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.


Railway Metrics and Dynamics Sweden AB Piotroski F-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Railway Metrics and Dynamics Sweden AB's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Railway Metrics and Dynamics Sweden AB's Piotroski F-Score falls into.


NGM:RMDX
9GF Score
Railway Metrics and Dynamics Sweden AB NGM:RMDX
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 kr-10.38 Mil.
Cash Flow from Operations was kr-11.22 Mil.
Revenue was kr2.65 Mil.
Gross Profit was kr10.06 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (199.665 + 209.406) / 2 = kr204.5355 Mil.
Total Assets at the begining of this year (Dec24) was kr199.67 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.00 Mil.
Total Current Assets was kr2.03 Mil.
Total Current Liabilities was kr12.48 Mil.
Net Income was kr-8.42 Mil.

Revenue was kr3.39 Mil.
Gross Profit was kr11.10 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (30.213 + 199.665) / 2 = kr114.939 Mil.
Total Assets at the begining of last year (Dec23) was kr30.21 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.00 Mil.
Total Current Assets was kr3.08 Mil.
Total Current Liabilities was kr12.14 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.

Railway Metrics and Dynamics Sweden AB's current Net Income (TTM) was -10.38. ==> 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.

Railway Metrics and Dynamics Sweden AB's current Cash Flow from Operations (TTM) was -11.22. ==> 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)
=-10.38/199.665
=-0.05198708

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-8.418/30.213
=-0.27862179

Railway Metrics and Dynamics Sweden AB's return on assets of this year was -0.05198708. Railway Metrics and Dynamics Sweden AB's return on assets of last year was -0.27862179. ==> 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.

Railway Metrics and Dynamics Sweden AB's current Net Income (TTM) was -10.38. Railway Metrics and Dynamics Sweden AB's current Cash Flow from Operations (TTM) was -11.22. ==> -11.22 <= -10.38 ==> CFROA <= ROA ==> Score 0.

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
=0/204.5355
=0

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0/114.939
=0

Railway Metrics and Dynamics Sweden AB's gearing of this year was 0. Railway Metrics and Dynamics Sweden 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

Current Ratio (This Year: Dec25)=Total Current Assets/Total Current Liabilities
=2.026/12.475
=0.16240481

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=3.083/12.142
=0.25391204

Railway Metrics and Dynamics Sweden AB's current ratio of this year was 0.16240481. Railway Metrics and Dynamics Sweden AB's current ratio of last year was 0.25391204. ==> 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.

Railway Metrics and Dynamics Sweden AB's number of shares in issue this year was 69.691. Railway Metrics and Dynamics Sweden AB's number of shares in issue last year was 38.872. ==> 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
=10.059/2.652
=3.79298643

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=11.098/3.386
=3.2776137

Railway Metrics and Dynamics Sweden AB's gross margin of this year was 3.79298643. Railway Metrics and Dynamics Sweden AB's gross margin of last year was 3.2776137. ==> 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)
=2.652/199.665
=0.01328225

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=3.386/30.213
=0.11207096

Railway Metrics and Dynamics Sweden AB's asset turnover of this year was 0.01328225. Railway Metrics and Dynamics Sweden AB's asset turnover of last year was 0.11207096. ==> 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+0+1+0+0+1+0
=3

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

Railway Metrics and Dynamics Sweden AB 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?
Railway Metrics and Dynamics Sweden AB (NGM:RMDX) has a Piotroski F-Score of 3 as of Jul. 06, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Railway Metrics and Dynamics Sweden AB and its competitors. This is 25% below median its historical median of 4.00. Over the past decade, Railway Metrics and Dynamics Sweden AB's Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, Railway Metrics and Dynamics Sweden AB ranks #864 out of 977 companies in the Transportation industry, placing it in the top 88.4%.
Is Railway Metrics and Dynamics Sweden AB's Piotroski F-Score too high?
Railway Metrics and Dynamics Sweden AB's current Piotroski F-Score of 3 is 25% below 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 Transportation industry median Piotroski F-Score is 6.00. Railway Metrics and Dynamics Sweden AB's value of 3 is 50% below this industry median. Based on the distribution chart, Railway Metrics and Dynamics Sweden AB ranks #864 out of 977 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Railway Metrics and Dynamics Sweden AB has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Railway Metrics and Dynamics Sweden AB's Piotroski F-Score compare to UNP and CSX?
According to the Transportation industry distribution chart, Railway Metrics and Dynamics Sweden AB ranks #864 out of 977 companies for Piotroski F-Score. This places Railway Metrics and Dynamics Sweden AB in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Railway Metrics and Dynamics Sweden AB's value of 3 is 50% below this benchmark. Historically, Railway Metrics and Dynamics Sweden 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 6.00, Railway Metrics and Dynamics Sweden 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 977 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. Railway Metrics and Dynamics Sweden AB's current Piotroski F-Score of 3 is 50% 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 Railway Metrics and Dynamics Sweden AB and its competitors. For the Transportation industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Railway Metrics and Dynamics Sweden AB's current Piotroski F-Score is 3, which is 25% below 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 Railway Metrics and Dynamics Sweden AB stock overvalued right now?
Railway Metrics and Dynamics Sweden AB (NGM:RMDX) has a current Piotroski F-Score of 3. The current Piotroski F-Score is 3, which is 25% below median its 10-year median of 4.00 and 50% below the Transportation industry median of 6.00. Railway Metrics and Dynamics Sweden AB's overall GF Score™ is 9/100 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 Railway Metrics and Dynamics Sweden AB (NGM:RMDX), the current Piotroski F-Score is 3 as of Jul. 06, 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.

Railway Metrics and Dynamics Sweden AB Business Description

Address Box 7357, Stockholm, SWE, 103 90
Railway Metrics and Dynamics Sweden AB is a swedish company that develops real-time sensors for monitoring and analysis of locomotives, wagons, and railway infrastructure. The firm develops and sells a platform for real-time analysis and monitoring of both rolling stock and infrastructure. Its solution makes up the hub for data collection and analysis. Its technology enables monitoring the status of the fleet.; diagnostics and predictions to plan maintenance and maximize the vehicle's run time; monitoring heavy maintenance.
9GF Score

Get the complete analysis for NGM:RMDX

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

kr1.11
Price