Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
MADARA Cosmetics AS 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 MADARA Cosmetics AS's Piotroski F-Score or its related term are showing as below:
ORSE:MDARA'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 9
Current: 4
During the past 11 years, the highest Piotroski F-Score of MADARA Cosmetics AS was 9. The lowest was 4. And the median was 6.
MADARA Cosmetics AS (ORSE:MDARA) 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.
MADARA Cosmetics AS Piotroski F-Score Related Terms
MADARA Cosmetics AS Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for MADARA Cosmetics 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.
ORSE:MDARA vs PG, CL, KVUE: Piotroski F-Score Comparison
For the Household & Personal Products subindustry, MADARA Cosmetics 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.
MADARA Cosmetics AS Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, MADARA Cosmetics AS's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where MADARA Cosmetics 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.
MADARA Cosmetics AS's current Net Income (TTM) was -0.39.
==> 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.
MADARA Cosmetics AS's return on assets of this year was -0.01926887. MADARA Cosmetics AS's return on assets of last year was 0.32310984.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
MADARA Cosmetics AS's gearing of this year was 0. MADARA Cosmetics AS'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
MADARA Cosmetics AS's current ratio of this year was 4.64353312. MADARA Cosmetics AS's current ratio of last year was 6.31315892.
==> 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.
MADARA Cosmetics AS's number of shares in issue this year was 3.783. MADARA Cosmetics AS's number of shares in issue last year was 3.78.
==> 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.
MADARA Cosmetics AS's gross margin of this year was 0.65314209. MADARA Cosmetics AS's gross margin of last year was 0.65198402.
==> 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
MADARA Cosmetics AS's asset turnover of this year was 1.15003963. MADARA Cosmetics AS's asset turnover of last year was 1.27924394.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
MADARA Cosmetics AS has an F-score of 4 indicating the company's financial situation is typical for a stable company.
MADARA Cosmetics AS (ORSE:MDARA) has a Piotroski F-Score of 4 as of Jul. 07, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on MADARA Cosmetics AS and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, MADARA Cosmetics AS's Piotroski F-Score has ranged from 4.00 to 9.00.
Is MADARA Cosmetics AS's Piotroski F-Score too high?
MADARA Cosmetics AS's current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. MADARA Cosmetics AS's value of 4 is 20% below this industry median. Overall, MADARA Cosmetics AS has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does MADARA Cosmetics AS's Piotroski F-Score compare to PG and CL?
MADARA Cosmetics AS's Piotroski F-Score of 4 can be compared against companies in the Consumer Packaged Goods industry. The industry median Piotroski F-Score is 5.00. MADARA Cosmetics AS's value of 4 is 20% below this benchmark. Historically, MADARA Cosmetics AS's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, MADARA Cosmetics 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 1,912 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. MADARA Cosmetics AS'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 MADARA Cosmetics 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. MADARA Cosmetics AS's current Piotroski F-Score is 4, which is 33% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MADARA Cosmetics AS stock overvalued right now?
MADARA Cosmetics AS (ORSE:MDARA) has a current Piotroski F-Score of 4. The stock's GF Value™ is €18.22, compared to a current price of €9.88 — trading 45.8% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Consumer Packaged Goods industry median of 5.00. MADARA Cosmetics AS's overall GF Score™ is 8/100 with 1 warning sign 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 MADARA Cosmetics AS (ORSE:MDARA), the current Piotroski F-Score is 4 as of Jul. 07, 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 MADARA Cosmetics AS (ORSE:MDARA) Overvalued in 2026?
Based on GuruFocus' analysis, MADARA Cosmetics AS stock appears to be undervalued.
The current stock price of €9.88 is trading 45.8% below its estimated GF Value™ of €18.22.
Key valuation signals for ORSE:MDARA:
Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
GF Value™: €18.22 vs. price of €9.88 (45.8% below fair value)
Industry Position: 20% below the Consumer Packaged Goods median
No single metric tells the full story. See the ORSE:MDARA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MADARA Cosmetics AS manufactures natural skin care products in the Baltic and North European regions. The company provides various cosmetic products such as toners, lip care, moisturizers, and other related products. The firm generates revenue from the production and wholesale of cosmetic products. Geographically, it generates maximum revenue from the European Union, followed by Latvia and other markets.
8GF Score
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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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