Scatec ASAOSL:SCATC -2.55%83 Piotroski F-Score is 3 as of Jun. 28, 2026, which is 40% below its 10-year median of 5.00. GuruFocus rates OSL:SCATC with a GF Score™ of 83/100 and a GF Value™ of kr100.98 (Fairly Valued). The stock has 9 warning signs investors should review. Among 417 Utilities - Independent Power Producers companies, Scatec ASA ranks worse than 82.01% 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
Scatec ASA 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 Scatec ASA's Piotroski F-Score or its related term are showing as below:
OSL:SCATC'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 8
Current: 3
During the past 13 years, the highest Piotroski F-Score of Scatec ASA was 8. The lowest was 3. And the median was 5.
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.
Scatec ASA Piotroski F-Score Related Terms
Scatec ASA Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Scatec 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.
For the Utilities - Renewable subindustry, Scatec 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.
Scatec ASA Piotroski F-Score vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Scatec ASA's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Scatec ASA'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.
Scatec ASA's current Net Income (TTM) was 123.
==> 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.
Scatec ASA's return on assets of this year was 0.00282058. Scatec ASA's return on assets of last year was 0.05052092.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Scatec ASA's current ratio of this year was 0.99806094. Scatec ASA's current ratio of last year was 1.34202149.
==> 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.
Scatec ASA's number of shares in issue this year was 159.4. Scatec ASA's number of shares in issue last year was 158.75.
==> 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.
Scatec ASA's gross margin of this year was 1. Scatec ASA's gross margin of last year was 1.
==> 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
Scatec ASA's asset turnover of this year was 0.08292057. Scatec ASA's asset turnover of last year was 0.09441198.
==> 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
Scatec ASA has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Scatec ASA (OSL:SCATC) has a Piotroski F-Score of 3 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Scatec ASA and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, Scatec ASA's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Scatec ASA ranks #342 out of 417 companies in the Utilities - Independent Power Producers industry, placing it in the top 82%.
Is Scatec ASA's Piotroski F-Score too high?
Scatec ASA's current Piotroski F-Score of 3 is 40% 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 8.00. The Utilities - Independent Power Producers industry median Piotroski F-Score is 5.00. Scatec ASA's value of 3 is 40% below this industry median. Based on the distribution chart, Scatec ASA ranks #342 out of 417 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Scatec ASA has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Scatec ASA's Piotroski F-Score compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Scatec ASA ranks #342 out of 417 companies for Piotroski F-Score. This places Scatec ASA in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Scatec ASA's value of 3 is 40% below this benchmark. Historically, Scatec ASA's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Scatec ASA 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 an Utilities - Independent Power Producers company?
The median Piotroski F-Score among Utilities - Independent Power Producers companies is 5.00, based on 417 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. Scatec ASA'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 Scatec ASA and its competitors. For the Utilities - Independent Power Producers 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. Scatec ASA's current Piotroski F-Score is 3, which is 40% 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 Scatec ASA stock overvalued right now?
Based on GuruFocus' analysis, Scatec ASA (OSL:SCATC) is currently considered Fairly Valued. The stock's GF Value™ is kr100.98, compared to a current price of kr93.45 — trading 7.5% below its estimated fair value. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 40% below the Utilities - Independent Power Producers industry median of 5.00. Scatec ASA's overall GF Score™ is 83/100 with 9 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 Scatec ASA (OSL:SCATC), the current Piotroski F-Score is 3 as of Jun. 28, 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 Scatec ASA (OSL:SCATC) Overvalued in 2026?
Based on GuruFocus' analysis, Scatec ASA stock appears to be undervalued.
The current stock price of kr93.45 is trading 7.5% below its estimated GF Value™ of kr100.98.
GuruFocus considers Scatec ASA to be Fairly Valued.
Key valuation signals for OSL:SCATC:
Piotroski F-Score: 3 (40% below median its 10-year median of 5.00)
GF Value™: kr100.98 vs. price of kr93.45 (7.5% below fair value)
Industry Position: 40% below the Utilities - Independent Power Producers median (#342 of 417)
No single metric tells the full story. See the OSL:SCATC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Scatec ASA is a renewable energy solutions provider, developing, building, investing in, and operating renewable energy plants across different continents. The company's operating segments are Power Production (PP), Development and Construction, and Corporate. A majority of its revenue is generated from the Power Production segment, which manages the group's power-producing assets and derives its revenue from the production and sale of solar, wind, and hydro-generated electricity, mainly based on long-term Power Purchase Agreements or feed-in tariffs. Geographically, it derives maximum revenue from South Africa, followed by Botswana, Tunisia, the Netherlands, and other regions.
83GF Score
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