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Alefarm Brewing ASOCSE:ALEFRM 62 Piotroski F-Score is 6 as of Jul. 15, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates OCSE:ALEFRM with a GF Score™ of 62/100 and a GF Value™ of kr1.98 (Modestly Overvalued). Among 208 Beverages - Alcoholic companies, Alefarm Brewing AS ranks better than 73.08% 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
Alefarm Brewing AS has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Alefarm Brewing AS's Piotroski F-Score or its related term are showing as below:
OCSE:ALEFRM'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 6
Current: 6
During the past 8 years, the highest Piotroski F-Score of Alefarm Brewing AS was 6. The lowest was 3. And the median was 5.
Alefarm Brewing AS (OCSE:ALEFRM) 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.
Alefarm Brewing AS Piotroski F-Score Related Terms
Alefarm Brewing AS Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Alefarm Brewing AS'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.
OCSE:ALEFRM vs BUD, STZ, TAP: Piotroski F-Score Comparison
For the Beverages - Brewers subindustry, Alefarm Brewing AS'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.
Alefarm Brewing AS Piotroski F-Score vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Alefarm Brewing AS's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Alefarm Brewing AS'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.
Alefarm Brewing AS's current Net Income (TTM) was -1.52.
==> 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.
Alefarm Brewing AS's return on assets of this year was -0.12349789. Alefarm Brewing AS's return on assets of last year was -0.25005819.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Alefarm Brewing AS's gearing of this year was 0.02306099. Alefarm Brewing AS's gearing of last year was 0.02555049.
==> 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
Alefarm Brewing AS's current ratio of this year was 4.23619186. Alefarm Brewing AS's current ratio of last year was 4.44771723.
==> 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.
Alefarm Brewing AS's number of shares in issue this year was 14.215. Alefarm Brewing AS's number of shares in issue last year was 14.15.
==> 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.
Alefarm Brewing AS's gross margin of this year was 0.34576683. Alefarm Brewing AS's gross margin of last year was 0.26639798.
==> 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
Alefarm Brewing AS's asset turnover of this year was 0.93601819. Alefarm Brewing AS's asset turnover of last year was 0.77003647.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Alefarm Brewing AS has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Alefarm Brewing AS (OCSE:ALEFRM) has a Piotroski F-Score of 6 as of Jul. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Alefarm Brewing AS and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Alefarm Brewing AS's Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, Alefarm Brewing AS ranks #56 out of 208 companies in the Beverages - Alcoholic industry, placing it in the top 26.9%.
Is Alefarm Brewing AS's Piotroski F-Score too high?
Alefarm Brewing AS's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 6.00. The Beverages - Alcoholic industry median Piotroski F-Score is 5.00. Alefarm Brewing AS's value of 6 is 20% above this industry median. Based on the distribution chart, Alefarm Brewing AS ranks #56 out of 208 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, Alefarm Brewing AS has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Alefarm Brewing AS's Piotroski F-Score compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, Alefarm Brewing AS ranks #56 out of 208 companies for Piotroski F-Score. This puts Alefarm Brewing AS in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Alefarm Brewing AS's value of 6 is 20% above this benchmark. Historically, Alefarm Brewing AS'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 5.00 vs. the industry median of 5.00, Alefarm Brewing AS 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 a Beverages - Alcoholic company?
The median Piotroski F-Score among Beverages - Alcoholic companies is 5.00, based on 208 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. Alefarm Brewing AS's current Piotroski F-Score of 6 is 20% 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 Alefarm Brewing AS and its competitors. For the Beverages - Alcoholic 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. Alefarm Brewing AS's current Piotroski F-Score is 6, which is 20% above 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 Alefarm Brewing AS stock overvalued right now?
Based on GuruFocus' analysis, Alefarm Brewing AS (OCSE:ALEFRM) is currently considered Modestly Overvalued. The stock's GF Value™ is kr1.98, compared to a current price of kr2.57 — trading 29.8% above its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Beverages - Alcoholic industry median of 5.00. Alefarm Brewing AS's overall GF Score™ is 62/100. 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 Alefarm Brewing AS (OCSE:ALEFRM), the current Piotroski F-Score is 6 as of Jul. 15, 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 Alefarm Brewing AS (OCSE:ALEFRM) Overvalued in 2026?
Based on GuruFocus' analysis, Alefarm Brewing AS stock appears to be overvalued.
The current stock price of kr2.57 is trading 29.8% above its estimated GF Value™ of kr1.98.
GuruFocus considers Alefarm Brewing AS to be Modestly Overvalued.
Key valuation signals for OCSE:ALEFRM:
Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
GF Value™: kr1.98 vs. price of kr2.57 (29.8% above fair value)
Industry Position: 20% above the Beverages - Alcoholic median (#56 of 208)
No single metric tells the full story. See the OCSE:ALEFRM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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