Cambi ASA (OSL:CAMBI) Piotroski F-Score: 6 (As of Jul. 07, 2026) — Near Median


OSL:CAMBI Cambi ASA OSL:CAMBI
95 GF Score
Price kr21.50
GF Value kr17.75
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Cambi ASA Piotroski F-Score?

Cambi ASA OSL:CAMBI +1.90% 95 Piotroski F-Score is 6 as of Jul. 07, 2026, which is at its 10-year median of 6.00. GuruFocus rates OSL:CAMBI with a GF Score™ of 95/100 and a GF Value™ of kr17.75 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 2,977 Industrial Products companies, Cambi ASA ranks better than 75.55% 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

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

OSL:CAMBI' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 6

During the past 9 years, the highest Piotroski F-Score of Cambi ASA was 7. The lowest was 4. And the median was 6.

Cambi ASA  (OSL:CAMBI) 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.


Cambi ASA Piotroski F-Score Related Terms


Cambi ASA Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Cambi ASA'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.

Cambi ASA Piotroski F-Score Chart

Cambi ASA Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 6.00 5.00 7.00 5.00 5.00

Cambi ASA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 Premium Member Only Premium Member Only Premium Member Only 5.00 6.00 6.00 5.00 6.00

OSL:CAMBI vs VLTO, ZWS, CECO: Piotroski F-Score Comparison

For the Pollution & Treatment Controls subindustry, Cambi ASA'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.


Cambi ASA Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Cambi ASA's Piotroski F-Score distribution charts can be found below:

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


OSL:CAMBI
95GF Score
Cambi ASA OSL:CAMBI
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 90 + 38.9 + -3.7 + 6.5 = kr132 Mil.
Cash Flow from Operations was 107.5 + 81.1 + 135.9 + -4 = kr321 Mil.
Revenue was 341.8 + 256.8 + 244.7 + 178.7 = kr1,022 Mil.
Gross Profit was 168.9 + 126.6 + 127 + 110.9 = kr533 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(774.1 + 858.1 + 852.8 + 877.2 + 794.5) / 5 = kr831.34 Mil.
Total Assets at the begining of this year (Mar25) was kr774 Mil.
Long-Term Debt & Capital Lease Obligation was kr0 Mil.
Total Current Assets was kr726 Mil.
Total Current Liabilities was kr257 Mil.
Net Income was 58.4 + 43 + 26.9 + 4.3 = kr133 Mil.

Revenue was 306.4 + 277.5 + 233.9 + 225.1 = kr1,043 Mil.
Gross Profit was 163.4 + 158.3 + 135.8 + 105.3 = kr563 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(775.6 + 731.9 + 765.3 + 808.5 + 774.1) / 5 = kr771.08 Mil.
Total Assets at the begining of last year (Mar24) was kr776 Mil.
Long-Term Debt & Capital Lease Obligation was kr0 Mil.
Total Current Assets was kr714 Mil.
Total Current Liabilities was kr267 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.

Cambi ASA's current Net Income (TTM) was 132. ==> 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.

Cambi ASA's current Cash Flow from Operations (TTM) was 321. ==> 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 (Mar25)
=131.7/774.1
=0.17013306

ROA (Last Year)=Net Income/Total Assets (Mar24)
=132.6/775.6
=0.17096441

Cambi ASA's return on assets of this year was 0.17013306. Cambi ASA's return on assets of last year was 0.17096441. ==> 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.

Cambi ASA's current Net Income (TTM) was 132. Cambi ASA's current Cash Flow from Operations (TTM) was 321. ==> 321 > 132 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=0/831.34
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/771.08
=0

Cambi ASA's gearing of this year was 0. Cambi ASA'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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=726.2/256.8
=2.82788162

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=714.1/266.5
=2.67954972

Cambi ASA's current ratio of this year was 2.82788162. Cambi ASA's current ratio of last year was 2.67954972. ==> 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.

Cambi ASA's number of shares in issue this year was 160.026. Cambi ASA's number of shares in issue last year was 160.026. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

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
=533.4/1022
=0.52191781

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=562.8/1042.9
=0.53964906

Cambi ASA's gross margin of this year was 0.52191781. Cambi ASA's gross margin of last year was 0.53964906. ==> 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 (Mar25)
=1022/774.1
=1.32024286

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1042.9/775.6
=1.34463641

Cambi ASA's asset turnover of this year was 1.32024286. Cambi ASA's asset turnover of last year was 1.34463641. ==> 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+1+1+1+0+0
=6

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

Cambi ASA has an F-score of 6 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 6 mean?
Cambi ASA (OSL:CAMBI) has a Piotroski F-Score of 6 as of Jul. 07, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Cambi ASA and its competitors. This is near median its historical median of 6.00. Over the past decade, Cambi ASA's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Cambi ASA ranks #728 out of 2977 companies in the Industrial Products industry, placing it in the top 24.5%.
Is Cambi ASA's Piotroski F-Score too high?
Cambi ASA's current Piotroski F-Score of 6 is near 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 7.00. The Industrial Products industry median Piotroski F-Score is 5.00. Cambi ASA's value of 6 is 20% above this industry median. Based on the distribution chart, Cambi ASA ranks #728 out of 2977 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Cambi ASA has a GF Score™ of 95/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cambi ASA's Piotroski F-Score compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Cambi ASA ranks #728 out of 2977 companies for Piotroski F-Score. This places Cambi ASA in the top 25% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Cambi ASA's value of 6 is 20% above this benchmark. Historically, Cambi ASA's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Cambi ASA 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,977 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. Cambi ASA'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 Cambi ASA and its competitors. For the Industrial Products 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. Cambi ASA's current Piotroski F-Score is 6, which is near 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 Cambi ASA stock overvalued right now?
Based on GuruFocus' analysis, Cambi ASA (OSL:CAMBI) is currently considered Modestly Overvalued. The stock's GF Value™ is kr17.75, compared to a current price of kr21.50 — trading 21.1% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Industrial Products industry median of 5.00. Cambi ASA's overall GF Score™ is 95/100 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 Cambi ASA (OSL:CAMBI), the current Piotroski F-Score is 6 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 Cambi ASA (OSL:CAMBI) Overvalued in 2026?

Based on GuruFocus' analysis, Cambi ASA stock appears to be overvalued. The current stock price of kr21.50 is trading 21.1% above its estimated GF Value™ of kr17.75. GuruFocus considers Cambi ASA to be Modestly Overvalued.

Key valuation signals for OSL:CAMBI:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: kr17.75 vs. price of kr21.50 (21.1% above fair value)
  • GF Score™: 95/100 with 6 warning signs
  • Industry Position: 20% above the Industrial Products median (#728 of 2977)

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


Cambi ASA Business Description

Other Exchanges 0ABM:UK3W7:Germany
Address Skysstasjon 11B, Asker, NOR, 1383
Cambi ASA is a provider of thermal hydrolysis, anaerobic digestion, and biogas solutions for sewage sludge and organic waste management. The services of the company include Engineering Design, Installation, Sample Testing, Commissioning, and Digester Ramp-Up among others. It operates through two business segments: The Technology segment comprises the research, development, sale, manufacturing, and delivery of THP plants and ancillary equipment to customers. The Solutions segment comprises all services to the growing installed base of Cambi THP plants, including upgrades, capacity expansions, maintenance, and operations, previously found in the Cambi Group segment as the Services subsegment. It generates majority of its revenue from the technology segment.
95GF Score

Get the complete analysis for OSL:CAMBI

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

kr21.50
Price
kr17.75
GF Value