Foamit Oyj (OHEL:FOAMIT) Piotroski F-Score: 4 (As of Aug. 16, 2026) — 20% Below Median

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OHEL:FOAMIT Foamit Oyj OHEL:FOAMIT
49 GF Score
Price €0.86
GF Value €0.68
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Foamit Oyj Piotroski F-Score?

Foamit Oyj OHEL:FOAMIT +3.61% 49 Piotroski F-Score is 4 as of Aug. 16, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates OHEL:FOAMIT with a GF Score™ of 49/100 and a GF Value™ of €0.68 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 237 Waste Management companies, Foamit Oyj ranks worse than 56.54% 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

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

OHEL:FOAMIT' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 4

During the past 9 years, the highest Piotroski F-Score of Foamit Oyj was 7. The lowest was 2. And the median was 5.

Foamit Oyj  (OHEL:FOAMIT) 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.


Foamit Oyj Piotroski F-Score Related Terms


Foamit Oyj Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Foamit Oyj'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.

Foamit Oyj Piotroski F-Score Chart

Foamit Oyj Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 2.00 3.00 6.00 7.00 4.00

Foamit Oyj Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 0.00 7.00 0.00 4.00

OHEL:FOAMIT vs WM, RSG, WCN: Piotroski F-Score Comparison

For the Waste Management subindustry, Foamit Oyj'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.


Foamit Oyj Piotroski F-Score vs Waste Management Industry

For the Waste Management industry and Industrials sector, Foamit Oyj's Piotroski F-Score distribution charts can be found below:

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


OHEL:FOAMIT
49GF Score
Foamit Oyj OHEL:FOAMIT
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 €0.75 Mil.
Cash Flow from Operations was €3.77 Mil.
Revenue was €39.73 Mil.
Gross Profit was €21.18 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (86.653 + 76.043) / 2 = €81.348 Mil.
Total Assets at the begining of this year (Dec24) was €86.65 Mil.
Long-Term Debt & Capital Lease Obligation was €15.74 Mil.
Total Current Assets was €30.82 Mil.
Total Current Liabilities was €11.98 Mil.
Net Income was €5.39 Mil.

Revenue was €41.42 Mil.
Gross Profit was €20.35 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (86.654 + 86.653) / 2 = €86.6535 Mil.
Total Assets at the begining of last year (Dec23) was €86.65 Mil.
Long-Term Debt & Capital Lease Obligation was €15.46 Mil.
Total Current Assets was €46.42 Mil.
Total Current Liabilities was €10.63 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.

Foamit Oyj's current Net Income (TTM) was 0.75. ==> 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.

Foamit Oyj's current Cash Flow from Operations (TTM) was 3.77. ==> 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 (Dec24)
=0.753/86.653
=0.00868983

ROA (Last Year)=Net Income/Total Assets (Dec23)
=5.39/86.654
=0.0622014

Foamit Oyj's return on assets of this year was 0.00868983. Foamit Oyj's return on assets of last year was 0.0622014. ==> 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.

Foamit Oyj's current Net Income (TTM) was 0.75. Foamit Oyj's current Cash Flow from Operations (TTM) was 3.77. ==> 3.77 > 0.75 ==> 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
=15.744/81.348
=0.19353887

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=15.457/86.6535
=0.1783771

Foamit Oyj's gearing of this year was 0.19353887. Foamit Oyj's gearing of last year was 0.1783771. ==> Last year is lower than this year ==> Score 0.

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
=30.82/11.979
=2.5728358

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=46.423/10.634
=4.36552567

Foamit Oyj's current ratio of this year was 2.5728358. Foamit Oyj's current ratio of last year was 4.36552567. ==> 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.

Foamit Oyj's number of shares in issue this year was 37.171. Foamit Oyj's number of shares in issue last year was 36.161. ==> 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
=21.179/39.726
=0.53312692

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=20.345/41.424
=0.4911404

Foamit Oyj's gross margin of this year was 0.53312692. Foamit Oyj's gross margin of last year was 0.4911404. ==> 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)
=39.726/86.653
=0.45844922

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=41.424/86.654
=0.4780391

Foamit Oyj's asset turnover of this year was 0.45844922. Foamit Oyj's asset turnover of last year was 0.4780391. ==> 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
=1+1+0+1+0+0+0+1+0
=4

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

Foamit Oyj 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?
Foamit Oyj (OHEL:FOAMIT) has a Piotroski F-Score of 4 as of Aug. 16, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Foamit Oyj and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Foamit Oyj's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Foamit Oyj ranks #134 out of 237 companies in the Waste Management industry, placing it in the top 56.5%.
Is Foamit Oyj's Piotroski F-Score too high?
Foamit Oyj'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 2.00 to a high of 7.00. The Waste Management industry median Piotroski F-Score is 5.00. Foamit Oyj's value of 4 is 20% below this industry median. Based on the distribution chart, Foamit Oyj ranks #134 out of 237 companies in the Waste Management industry, which is below the industry midpoint. Overall, Foamit Oyj has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Foamit Oyj's Piotroski F-Score compare to WM and RSG?
According to the Waste Management industry distribution chart, Foamit Oyj ranks #134 out of 237 companies for Piotroski F-Score. This places Foamit Oyj in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Foamit Oyj's value of 4 is 20% below this benchmark. Historically, Foamit Oyj's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Foamit Oyj 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 Waste Management company?
The median Piotroski F-Score among Waste Management companies is 5.00, based on 237 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. Foamit Oyj'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 Foamit Oyj and its competitors. For the Waste Management 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. Foamit Oyj'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 Foamit Oyj stock overvalued right now?
Based on GuruFocus' analysis, Foamit Oyj (OHEL:FOAMIT) is currently considered Modestly Overvalued. The stock's GF Value™ is €0.68, compared to a current price of €0.86 — trading 26.8% above 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 Waste Management industry median of 5.00. Foamit Oyj's overall GF Score™ is 49/100 with 6 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 Foamit Oyj (OHEL:FOAMIT), the current Piotroski F-Score is 4 as of Aug. 16, 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 Foamit Oyj (OHEL:FOAMIT) Overvalued in 2026?

Based on GuruFocus' analysis, Foamit Oyj stock appears to be overvalued. The current stock price of €0.86 is trading 26.8% above its estimated GF Value™ of €0.68. GuruFocus considers Foamit Oyj to be Modestly Overvalued.

Key valuation signals for OHEL:FOAMIT:

  • Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
  • GF Value™: €0.68 vs. price of €0.86 (26.8% above fair value)
  • GF Score™: 49/100 with 6 warning signs
  • Industry Position: 20% below the Waste Management median (#134 of 237)

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


Foamit Oyj Business Description

Address Kauppurienkatu 12, Oulu, FIN, 90100
Foamit Oyj, formerly Partnera Oyj is a Finland-based holding company. The company operates through its subsidiaries which are engaged in glass recycling and foam glass manufacturing. Additionally, the firm also finances various projects and invests in growth-oriented companies.
49GF Score

Get the complete analysis for OHEL:FOAMIT

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

€0.86
Price
€0.68
GF Value