Duell (OHEL:DUELL) Piotroski F-Score: 4 (As of Jul. 04, 2026) — 20% Below Median


OHEL:DUELL Duell Corp OHEL:DUELL
47 GF Score
Price €2.26
GF Value €3.84
Valuation Possible Value Trap
! 3 Warning Signs
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What is Duell Piotroski F-Score?

Duell OHEL:DUELL +2.73% 47 Piotroski F-Score is 4 as of Jul. 04, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates OHEL:DUELL with a GF Score™ of 47/100 and a GF Value™ of €3.84 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,288 Vehicles & Parts companies, Duell ranks worse than 69.8% 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

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

OHEL:DUELL' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 4

During the past 7 years, the highest Piotroski F-Score of Duell was 7. The lowest was 3. And the median was 5.

Duell  (OHEL:DUELL) 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.


Duell Piotroski F-Score Related Terms


Duell Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Duell'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.

Duell Piotroski F-Score Chart

Duell Annual Data
Trend Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A N/A 5.00 6.00

Duell Quarterly Data
Aug19 Aug20 Aug21 Feb22 Aug22 Feb23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 7.00 N/A 6.00 N/A 4.00

OHEL:DUELL vs ORLY, AZO, GPC: Piotroski F-Score Comparison

For the Auto Parts subindustry, Duell'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.


Duell Piotroski F-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Duell's Piotroski F-Score distribution charts can be found below:

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


OHEL:DUELL
47GF Score
Duell Corp OHEL:DUELL
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 (Feb26) TTM:Last Year (Feb25) TTM:
Net Income was 0.767 + -0.955 + -1.444 + -0.649 = €-2.3 Mil.
Cash Flow from Operations was 8.016 + 2.913 + -1.924 + -2.15 = €6.9 Mil.
Revenue was 38.183 + 30.864 + 24.986 + 28.757 = €122.8 Mil.
Gross Profit was 8.287 + 7.527 + 6.015 + 6.488 = €28.3 Mil.
Average Total Assets from the begining of this year (Feb25)
to the end of this year (Feb26) was
(96.352 + 102.049 + 90.623 + 90.573 + 91.78) / 5 = €94.2754 Mil.
Total Assets at the begining of this year (Feb25) was €96.4 Mil.
Long-Term Debt & Capital Lease Obligation was €21.0 Mil.
Total Current Assets was €72.4 Mil.
Total Current Liabilities was €22.5 Mil.
Net Income was 0.995 + 0.715 + -0.423 + -0.446 = €0.8 Mil.

Revenue was 37.904 + 31.579 + 28.292 + 29.252 = €127.0 Mil.
Gross Profit was 9.453 + 7.324 + 7.058 + 6.873 = €30.7 Mil.
Average Total Assets from the begining of last year (Feb24)
to the end of last year (Feb25) was
(100.307 + 0 + 93.923 + 96.081 + 96.352) / 5 = €96.66575 Mil.
Total Assets at the begining of last year (Feb24) was €100.3 Mil.
Long-Term Debt & Capital Lease Obligation was €24.0 Mil.
Total Current Assets was €74.9 Mil.
Total Current Liabilities was €21.4 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.

Duell's current Net Income (TTM) was -2.3. ==> 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.

Duell's current Cash Flow from Operations (TTM) was 6.9. ==> 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 (Feb25)
=-2.281/96.352
=-0.02367361

ROA (Last Year)=Net Income/Total Assets (Feb24)
=0.841/100.307
=0.00838426

Duell's return on assets of this year was -0.02367361. Duell's return on assets of last year was 0.00838426. ==> Last year is higher ==> Score 0.

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.

Duell's current Net Income (TTM) was -2.3. Duell's current Cash Flow from Operations (TTM) was 6.9. ==> 6.9 > -2.3 ==> 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: Feb26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb25 to Feb26
=21.049/94.2754
=0.22327139

Gearing (Last Year: Feb25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb24 to Feb25
=23.997/96.66575
=0.24824718

Duell's gearing of this year was 0.22327139. Duell's gearing of last year was 0.24824718. ==> 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: Feb26)=Total Current Assets/Total Current Liabilities
=72.387/22.483
=3.21963261

Current Ratio (Last Year: Feb25)=Total Current Assets/Total Current Liabilities
=74.891/21.447
=3.49191029

Duell's current ratio of this year was 3.21963261. Duell's current ratio of last year was 3.49191029. ==> 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.

Duell's number of shares in issue this year was 5.23. Duell's number of shares in issue last year was 5.161. ==> 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
=28.317/122.79
=0.23061324

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=30.708/127.027
=0.24174388

Duell's gross margin of this year was 0.23061324. Duell's gross margin of last year was 0.24174388. ==> 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 (Feb25)
=122.79/96.352
=1.27438974

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Feb24)
=127.027/100.307
=1.26638221

Duell's asset turnover of this year was 1.27438974. Duell's asset turnover of last year was 1.26638221. ==> 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
=0+1+0+1+1+0+0+0+1
=4

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

Duell 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?
Duell (OHEL:DUELL) has a Piotroski F-Score of 4 as of Jul. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Duell and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Duell's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Duell ranks #899 out of 1288 companies in the Vehicles & Parts industry, placing it in the top 69.8%.
Is Duell's Piotroski F-Score too high?
Duell'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 3.00 to a high of 7.00. The Vehicles & Parts industry median Piotroski F-Score is 5.00. Duell's value of 4 is 20% below this industry median. Based on the distribution chart, Duell ranks #899 out of 1288 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Duell has a GF Score™ of 47/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Duell's Piotroski F-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Duell ranks #899 out of 1288 companies for Piotroski F-Score. This places Duell in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Duell's value of 4 is 20% below this benchmark. Historically, Duell's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Duell 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 Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 5.00, based on 1,288 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. Duell'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 Duell and its competitors. For the Vehicles & Parts 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. Duell'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 Duell stock overvalued right now?
Based on GuruFocus' analysis, Duell (OHEL:DUELL) is currently considered Possible Value Trap. The stock's GF Value™ is €3.84, compared to a current price of €2.26 — trading 41.1% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Vehicles & Parts industry median of 5.00. Duell's overall GF Score™ is 47/100 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 Duell (OHEL:DUELL), the current Piotroski F-Score is 4 as of Jul. 04, 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 Duell (OHEL:DUELL) Overvalued in 2026?

Based on GuruFocus' analysis, Duell stock appears to be undervalued. The current stock price of €2.26 is trading 41.1% below its estimated GF Value™ of €3.84. GuruFocus considers Duell to be Possible Value Trap.

Key valuation signals for OHEL:DUELL:

  • Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
  • GF Value™: €3.84 vs. price of €2.26 (41.1% below fair value)
  • GF Score™: 47/100 with 3 warning signs
  • Industry Position: 20% below the Vehicles & Parts median (#899 of 1288)

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


Duell Business Description

Address Kauppatie 19, Mustasaari, FIN, 65610
Duell Corp is a powersports aftermarket distributor in the Nordics. It offers motorcycle, all-terrain vehicle, snowmobile, bicycle and marine products, including technical and spare parts and personal equipment to dealers across several markets in Europe. Duell offers a broad assortment of products across all of its sales channels for four seasons through its six product categories comprising Onroad motorcycle products, Offroad motorcycle, ATV products, Snowmobile products, Bicycle products and Marine products.
47GF Score

Get the complete analysis for OHEL:DUELL

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

€2.26
Price
€3.84
GF Value