Masoval ASOSL:MAS +0.90%88 Piotroski F-Score is 4 as of Jun. 29, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates OSL:MAS with a GF Score™ of 88/100 and a GF Value™ of kr31.11 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,909 Consumer Packaged Goods companies, Masoval AS ranks worse than 67.16% 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
Masoval 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 Masoval AS's Piotroski F-Score or its related term are showing as below:
OSL:MAS'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 7
Current: 4
During the past 8 years, the highest Piotroski F-Score of Masoval AS was 7. The lowest was 3. And the median was 5.
Masoval AS (OSL:MAS) 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.
Masoval AS Piotroski F-Score Related Terms
Masoval AS Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Masoval 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.
OSL:MAS vs ADM, BG, TSN: Piotroski F-Score Comparison
For the Farm Products subindustry, Masoval 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.
Masoval AS Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Masoval AS's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Masoval 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 (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 104.897 + -33.936 + -20.933 + -50.434 = kr-0 Mil. Cash Flow from Operations was 116.422 + 76.692 + 288.086 + -30.576 = kr451 Mil. Revenue was 869.066 + 579.934 + 833.213 + 509.753 = kr2,792 Mil. Gross Profit was 473.403 + 317.684 + 279.029 + 298.384 = kr1,369 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(4929.71 + 5164.13 + 5175.592 + 5074.634 + 4983.443) / 5 = kr5065.5018 Mil. Total Assets at the begining of this year (Mar25) was kr4,930 Mil. Long-Term Debt & Capital Lease Obligation was kr1,684 Mil. Total Current Assets was kr1,372 Mil. Total Current Liabilities was kr1,185 Mil.
Net Income was 101.64 + 13.43 + 9.56 + -124.012 = kr1 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.
Masoval AS's current Net Income (TTM) was -0.
==> 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.
Masoval AS's return on assets of this year was -8.236E-5. Masoval AS's return on assets of last year was 0.00012333.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Masoval AS's gearing of this year was 0.33241603. Masoval AS's gearing of last year was 0.36266449.
==> 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
Masoval AS's current ratio of this year was 1.15722512. Masoval AS's current ratio of last year was 1.72952528.
==> 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.
Masoval AS's number of shares in issue this year was 123.01. Masoval AS's number of shares in issue last year was 122.784.
==> 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.
Masoval AS's gross margin of this year was 0.4901564. Masoval AS's gross margin of last year was 0.40200357.
==> 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
Masoval AS's asset turnover of this year was 0.56635502. Masoval AS's asset turnover of last year was 0.58826147.
==> 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
=
0
+
1
+
0
+
1
+
1
+
0
+
0
+
1
+
0
=
4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Masoval AS has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Masoval AS (OSL:MAS) has a Piotroski F-Score of 4 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Masoval AS and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Masoval AS's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Masoval AS ranks #1282 out of 1909 companies in the Consumer Packaged Goods industry, placing it in the top 67.2%.
Is Masoval AS's Piotroski F-Score too high?
Masoval AS'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 Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Masoval AS's value of 4 is 20% below this industry median. Based on the distribution chart, Masoval AS ranks #1282 out of 1909 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Masoval AS has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Masoval AS's Piotroski F-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Masoval AS ranks #1282 out of 1909 companies for Piotroski F-Score. This places Masoval AS in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Masoval AS's value of 4 is 20% below this benchmark. Historically, Masoval AS'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, Masoval 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 1,909 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. Masoval 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 Masoval 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. Masoval AS'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 Masoval AS stock overvalued right now?
Based on GuruFocus' analysis, Masoval AS (OSL:MAS) is currently considered Fairly Valued. The stock's GF Value™ is kr31.11, compared to a current price of kr33.60 — trading 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 Consumer Packaged Goods industry median of 5.00. Masoval AS's overall GF Score™ is 88/100 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 Masoval AS (OSL:MAS), the current Piotroski F-Score is 4 as of Jun. 29, 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 Masoval AS (OSL:MAS) Overvalued in 2026?
Based on GuruFocus' analysis, Masoval AS stock appears to be overvalued.
The current stock price of kr33.60 is trading 8% above its estimated GF Value™ of kr31.11.
GuruFocus considers Masoval AS to be Fairly Valued.
Key valuation signals for OSL:MAS:
Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
GF Value™: kr31.11 vs. price of kr33.60 (8% above fair value)
Industry Position: 20% below the Consumer Packaged Goods median (#1282 of 1909)
No single metric tells the full story. See the OSL:MAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Masoval AS owns, operates, and develops companies in the aquaculture industry, which contribute to positive ripple effects and value creation throughout the region. The group is organized into business units based on its activities and has two operating segments: Farming and Sales & processing. The Farming segment includes the purchase of salmon roe, farming on land and sea, related service activities, and the sale of salmon to exporters. The Sales and Processing segment includes harvesting activities and the sale of salmon and other species of fish in Norway and for export. The firm generates the majority of its revenue from the Sales & processing segment. The firm generates revenue from Norway, Europe (excluding Norway), Asia, and Other countries.
88GF Score
Get the complete analysis for OSL:MAS
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
OSL:MAS has been successfully added to your 
