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Kaldvik ASOISE:KLDVK 52 Piotroski F-Score is 3 as of Jul. 21, 2026, which is at its 10-year median of 3.00. GuruFocus rates OISE:KLDVK with a GF Score™ of 52/100 and a GF Value™ of kr536.09 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,914 Consumer Packaged Goods companies, Kaldvik AS ranks worse than 84.64% 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
Kaldvik AS 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 Kaldvik AS's Piotroski F-Score or its related term are showing as below:
OISE:KLDVK'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 3 Max: 4
Current: 3
During the past 9 years, the highest Piotroski F-Score of Kaldvik AS was 4. The lowest was 2. And the median was 3.
Kaldvik AS (OISE:KLDVK) 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.
Kaldvik AS Piotroski F-Score Related Terms
Kaldvik AS Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Kaldvik 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.
OISE:KLDVK vs ADM, BG, TSN: Piotroski F-Score Comparison
For the Farm Products subindustry, Kaldvik 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.
Kaldvik AS Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Kaldvik AS's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Kaldvik 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.
This Year (Dec25) TTM:
Last Year (Dec24) TTM:
Net Income was -882.83 + -2374.864 + -1625.713 + -2062.564 = kr-6,946 Mil. Cash Flow from Operations was 3149.927 + -4441.157 + -2850.581 + 534.038 = kr-3,608 Mil. Revenue was 6425.992 + 1065.924 + 1412.654 + 7004.948 = kr15,910 Mil. Gross Profit was 1636.814 + 155.802 + 1701.973 + 831.329 = kr4,326 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(63247.268 + 67296.841 + 75648.68 + 77827.469 + 75055.49) / 5 = kr71815.1496 Mil. Total Assets at the begining of this year (Dec24) was kr63,247 Mil. Long-Term Debt & Capital Lease Obligation was kr28,622 Mil. Total Current Assets was kr22,824 Mil. Total Current Liabilities was kr4,793 Mil.
Net Income was -339.783 + -821.352 + -64.471 + -2825.503 = kr-4,051 Mil.
Revenue was 3998.61 + 507.365 + 3234.527 + 5994.984 = kr13,735 Mil. Gross Profit was 1583.523 + 1065.534 + 2189.652 + -848.804 = kr3,990 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was
(61374.041 + 60999.458 + 61574.434 + 70928.244 + 63247.268) / 5 = kr63624.689 Mil. Total Assets at the begining of last year (Dec23) was kr61,374 Mil. Long-Term Debt & Capital Lease Obligation was kr20,140 Mil. Total Current Assets was kr19,839 Mil. Total Current Liabilities was kr7,166 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.
Kaldvik AS's current Net Income (TTM) was -6,946.
==> 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.
Kaldvik AS's return on assets of this year was -0.10982247. Kaldvik AS's return on assets of last year was -0.06600688.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Kaldvik AS's current ratio of this year was 4.7623653. Kaldvik AS's current ratio of last year was 2.76857793.
==> 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.
Kaldvik AS's number of shares in issue this year was 168.268. Kaldvik AS's number of shares in issue last year was 122.261.
==> 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.
Kaldvik AS's gross margin of this year was 0.27190755. Kaldvik AS's gross margin of last year was 0.29048153.
==> 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
Kaldvik AS's asset turnover of this year was 0.25154475. Kaldvik AS's asset turnover of last year was 0.2237996.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Kaldvik AS has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Kaldvik AS (OISE:KLDVK) has a Piotroski F-Score of 3 as of Jul. 21, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kaldvik AS and its competitors. This is near median its historical median of 3.00. Over the past decade, Kaldvik AS's Piotroski F-Score has ranged from 2.00 to 4.00. According to the industry distribution chart, Kaldvik AS ranks #1620 out of 1914 companies in the Consumer Packaged Goods industry, placing it in the top 84.6%.
Is Kaldvik AS's Piotroski F-Score too high?
Kaldvik AS's current Piotroski F-Score of 3 is near median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 4.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Kaldvik AS's value of 3 is 40% below this industry median. Based on the distribution chart, Kaldvik AS ranks #1620 out of 1914 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Kaldvik AS has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Kaldvik AS's Piotroski F-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Kaldvik AS ranks #1620 out of 1914 companies for Piotroski F-Score. This places Kaldvik AS in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Kaldvik AS's value of 3 is 40% below this benchmark. Historically, Kaldvik AS's own Piotroski F-Score has ranged from 2.00 to 4.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Kaldvik AS 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,914 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. Kaldvik AS's current Piotroski F-Score of 3 is 40% 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 Kaldvik AS and its competitors. For the Consumer Packaged Goods 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. Kaldvik AS's current Piotroski F-Score is 3, which is near median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kaldvik AS stock overvalued right now?
Based on GuruFocus' analysis, Kaldvik AS (OISE:KLDVK) is currently considered Possible Value Trap. The stock's GF Value™ is kr536.09, compared to a current price of kr68.00 — trading 87.3% below its estimated fair value. The current Piotroski F-Score is 3, which is near median its 10-year median of 3.00 and 40% below the Consumer Packaged Goods industry median of 5.00. Kaldvik AS's overall GF Score™ is 52/100 with 7 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 Kaldvik AS (OISE:KLDVK), the current Piotroski F-Score is 3 as of Jul. 21, 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 Kaldvik AS (OISE:KLDVK) Overvalued in 2026?
Based on GuruFocus' analysis, Kaldvik AS stock appears to be undervalued.
The current stock price of kr68.00 is trading 87.3% below its estimated GF Value™ of kr536.09.
GuruFocus considers Kaldvik AS to be Possible Value Trap.
Key valuation signals for OISE:KLDVK:
Piotroski F-Score: 3 (near median its 10-year median of 3.00)
GF Value™: kr536.09 vs. price of kr68.00 (87.3% below fair value)
Industry Position: 40% below the Consumer Packaged Goods median (#1620 of 1914)
No single metric tells the full story. See the OISE:KLDVK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kaldvik AS, formerly Ice Fish Farm AS provides salmon fishes. The company is engaged in the breeding activity of salmon fishes in Iceland and selling them to its customers across different locations. Geographically, the company generates a majority of its revenue from the European Union followed by the United States, and Iceland.
52GF Score
Get the complete analysis for OISE:KLDVK
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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