Trainimal AB (NGM:TRML) Piotroski F-Score: 8 (As of Jul. 01, 2026) — 14% Above Median


NGM:TRML Trainimal AB NGM:TRML
42 GF Score
Price kr6.91
GF Value kr0.84
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Trainimal AB Piotroski F-Score?

Trainimal AB NGM:TRML -1.85% 42 Piotroski F-Score is 8 as of Jul. 01, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates NGM:TRML with a GF Score™ of 42/100 and a GF Value™ of kr0.84 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 549 Interactive Media companies, Trainimal AB ranks better than 97.81% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

Trainimal AB has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

NGM:TRML' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 7   Max: 8
Current: 8

During the past 8 years, the highest Piotroski F-Score of Trainimal AB was 8. The lowest was 2. And the median was 7.

Trainimal AB  (NGM:TRML) 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.


Trainimal AB Piotroski F-Score Related Terms


Trainimal AB Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Trainimal 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.

Trainimal AB Piotroski F-Score Chart

Trainimal AB Annual Data
Trend Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Piotroski F-Score
Get a 7-Day Free Trial 2.00 5.00 7.00 7.00 8.00

Trainimal AB Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 7.00 9.00 9.00 8.00 8.00

NGM:TRML vs GOOGL, META, SPOT: Piotroski F-Score Comparison

For the Internet Content & Information subindustry, Trainimal 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.


Trainimal AB Piotroski F-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Trainimal AB's Piotroski F-Score distribution charts can be found below:

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


NGM:TRML
42GF Score
Trainimal AB NGM:TRML
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 (Apr26) TTM:Last Year (Apr25) TTM:
Net Income was 0.05 + 0.278 + -0.131 + 0.16 = kr0.36 Mil.
Cash Flow from Operations was 1.248 + 0.849 + 0.456 + 1.083 = kr3.64 Mil.
Revenue was 2.67 + 3.379 + 2.823 + 3.077 = kr11.95 Mil.
Gross Profit was 2.325 + 2.559 + 1.985 + 2.626 = kr9.50 Mil.
Average Total Assets from the begining of this year (Apr25)
to the end of this year (Apr26) was
(11.552 + 11.508 + 11.849 + 11.135 + 10.656) / 5 = kr11.34 Mil.
Total Assets at the begining of this year (Apr25) was kr11.55 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.00 Mil.
Total Current Assets was kr3.73 Mil.
Total Current Liabilities was kr2.50 Mil.
Net Income was -0.439 + -0.041 + -0.096 + 0.331 = kr-0.25 Mil.

Revenue was 2.629 + 2.654 + 2.357 + 3.118 = kr10.76 Mil.
Gross Profit was 2.108 + 2.323 + 2.148 + 2.515 = kr9.09 Mil.
Average Total Assets from the begining of last year (Apr24)
to the end of last year (Apr25) was
(12.359 + 11.865 + 11.65 + 11.509 + 11.552) / 5 = kr11.787 Mil.
Total Assets at the begining of last year (Apr24) was kr12.36 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.00 Mil.
Total Current Assets was kr3.52 Mil.
Total Current Liabilities was kr2.76 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.

Trainimal AB's current Net Income (TTM) was 0.36. ==> 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.

Score 1 if positive, 0 if negative.

Trainimal AB's current Cash Flow from Operations (TTM) was 3.64. ==> 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 (Apr25)
=0.357/11.552
=0.03090374

ROA (Last Year)=Net Income/Total Assets (Apr24)
=-0.245/12.359
=-0.01982361

Trainimal AB's return on assets of this year was 0.03090374. Trainimal AB's return on assets of last year was -0.01982361. ==> 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.

Trainimal AB's current Net Income (TTM) was 0.36. Trainimal AB's current Cash Flow from Operations (TTM) was 3.64. ==> 3.64 > 0.36 ==> 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: Apr26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr25 to Apr26
=0/11.34
=0

Gearing (Last Year: Apr25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr24 to Apr25
=0/11.787
=0

Trainimal AB's gearing of this year was 0. Trainimal 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: Apr26)=Total Current Assets/Total Current Liabilities
=3.733/2.499
=1.49379752

Current Ratio (Last Year: Apr25)=Total Current Assets/Total Current Liabilities
=3.519/2.755
=1.27731397

Trainimal AB's current ratio of this year was 1.49379752. Trainimal AB's current ratio of last year was 1.27731397. ==> 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.

Trainimal AB's number of shares in issue this year was 2.348. Trainimal AB's number of shares in issue last year was 2.348. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=9.495/11.949
=0.79462717

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=9.094/10.758
=0.84532441

Trainimal AB's gross margin of this year was 0.79462717. Trainimal AB's gross margin of last year was 0.84532441. ==> 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 (Apr25)
=11.949/11.552
=1.03436634

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Apr24)
=10.758/12.359
=0.87045877

Trainimal AB's asset turnover of this year was 1.03436634. Trainimal AB's asset turnover of last year was 0.87045877. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+1+1+1+0+1
=8

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

Trainimal AB has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Trainimal AB (NGM:TRML) has a Piotroski F-Score of 8 as of Jul. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Trainimal AB and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Trainimal AB's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Trainimal AB ranks #12 out of 549 companies in the Interactive Media industry, placing it in the top 2.2%.
Is Trainimal AB's Piotroski F-Score too high?
Trainimal AB's current Piotroski F-Score of 8 is 14% above 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 Interactive Media industry median Piotroski F-Score is 5.00. Trainimal AB's value of 8 is 60% above this industry median. Based on the distribution chart, Trainimal AB ranks #12 out of 549 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Trainimal AB has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Trainimal AB's Piotroski F-Score compare to GOOGL and META?
According to the Interactive Media industry distribution chart, Trainimal AB ranks #12 out of 549 companies for Piotroski F-Score. This places Trainimal AB in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Trainimal AB's value of 8 is 60% above this benchmark. Historically, Trainimal 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 7.00 vs. the industry median of 5.00, Trainimal AB 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 an Interactive Media company?
The median Piotroski F-Score among Interactive Media companies is 5.00, based on 549 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. Trainimal AB's current Piotroski F-Score of 8 is 60% 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 Trainimal AB and its competitors. For the Interactive Media 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. Trainimal AB's current Piotroski F-Score is 8, which is 14% above 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 Trainimal AB stock overvalued right now?
Based on GuruFocus' analysis, Trainimal AB (NGM:TRML) is currently considered Significantly Overvalued. The stock's GF Value™ is kr0.84, compared to a current price of kr6.91 — trading 722.6% above its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 60% above the Interactive Media industry median of 5.00. Trainimal AB's overall GF Score™ is 42/100 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 Trainimal AB (NGM:TRML), the current Piotroski F-Score is 8 as of Jul. 01, 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 Trainimal AB (NGM:TRML) Overvalued in 2026?

Based on GuruFocus' analysis, Trainimal AB stock appears to be overvalued. The current stock price of kr6.91 is trading 722.6% above its estimated GF Value™ of kr0.84. GuruFocus considers Trainimal AB to be Significantly Overvalued.

Key valuation signals for NGM:TRML:

  • Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
  • GF Value™: kr0.84 vs. price of kr6.91 (722.6% above fair value)
  • GF Score™: 42/100 with 3 warning signs
  • Industry Position: 60% above the Interactive Media median (#12 of 549)

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


Trainimal AB Business Description

Address Tulegatan 19, Stockholm, SWE, 113 53
Trainimal AB develops and operates subscription-paid solutions for physical exercise and diet advice online.The company's most famous product is MammaFitness, which is created by the well-known training profile Olga Ronnberg.
42GF Score

Get the complete analysis for NGM:TRML

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

kr6.91
Price
kr0.84
GF Value