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SmartCraft ASAOSL:SMCRT 72 Piotroski F-Score is 5 as of Sep. 16, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates OSL:SMCRT with a GF Score™ of 72/100 and a GF Value™ of kr41.27. The stock has 3 warning signs investors should review. Among 2,751 Software companies, SmartCraft ASA ranks better than 60.74% 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
SmartCraft ASA has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for SmartCraft ASA's Piotroski F-Score or its related term are showing as below:
OSL:SMCRT'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 6 Max: 7
Current: 5
During the past 8 years, the highest Piotroski F-Score of SmartCraft ASA was 7. The lowest was 5. And the median was 6.
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.
SmartCraft ASA Piotroski F-Score Related Terms
SmartCraft ASA Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for SmartCraft 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.
OSL:SMCRT vs CRM, SHOP, UBER: Piotroski F-Score Comparison
For the Software - Application subindustry, SmartCraft 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.
SmartCraft ASA Piotroski F-Score vs Software Industry
For the Software industry and Technology sector, SmartCraft ASA's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where SmartCraft 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.
SmartCraft ASA's current Net Income (TTM) was 84.9.
==> 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.
SmartCraft ASA's return on assets of this year was 0.06715583. SmartCraft ASA's return on assets of last year was 0.08295929.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
SmartCraft ASA's gearing of this year was 0.00868275. SmartCraft ASA's gearing of last year was 0.01514416.
==> 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
SmartCraft ASA's current ratio of this year was 0.85396068. SmartCraft ASA's current ratio of last year was 0.85711734.
==> 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.
SmartCraft ASA's number of shares in issue this year was 0. SmartCraft ASA's number of shares in issue last year was 166.265.
==> 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.
SmartCraft ASA's gross margin of this year was 0.50291792. SmartCraft ASA's gross margin of last year was 0.51343157.
==> 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
SmartCraft ASA's asset turnover of this year was 0.44707371. SmartCraft ASA's asset turnover of last year was 0.46613078.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
SmartCraft ASA has an F-score of 5 indicating the company's financial situation is typical for a stable company.
SmartCraft ASA (OSL:SMCRT) has a Piotroski F-Score of 5 as of Sep. 16, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on SmartCraft ASA and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, SmartCraft ASA's Piotroski F-Score has ranged from 5.00 to 7.00. According to the industry distribution chart, SmartCraft ASA ranks #1080 out of 2751 companies in the Software industry, placing it in the top 39.3%.
Is SmartCraft ASA's Piotroski F-Score too high?
SmartCraft ASA's current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 7.00. The Software industry median Piotroski F-Score is 5.00. SmartCraft ASA's value of 5 is 0% at this industry median. Based on the distribution chart, SmartCraft ASA ranks #1080 out of 2751 companies in the Software industry, which is above the industry midpoint. Overall, SmartCraft ASA has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does SmartCraft ASA's Piotroski F-Score compare to CRM and SHOP?
According to the Software industry distribution chart, SmartCraft ASA ranks #1080 out of 2751 companies for Piotroski F-Score. This puts SmartCraft ASA in the upper half of its industry. The industry median Piotroski F-Score is 5.00. SmartCraft ASA's value of 5 is 0% at this benchmark. Historically, SmartCraft ASA's own Piotroski F-Score has ranged from 5.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, SmartCraft ASA has consistently been at 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,751 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. SmartCraft ASA's current Piotroski F-Score of 5 is 0% at 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 SmartCraft ASA and its competitors. For the Software 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. SmartCraft ASA's current Piotroski F-Score is 5, which is 17% 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 SmartCraft ASA stock overvalued right now?
SmartCraft ASA (OSL:SMCRT) has a current Piotroski F-Score of 5. The stock's GF Value™ is kr41.27, compared to a current price of kr18.50 — trading 55.2% below its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Software industry median of 5.00. SmartCraft ASA's overall GF Score™ is 72/100 with 3 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 SmartCraft ASA (OSL:SMCRT), the current Piotroski F-Score is 5 as of Sep. 16, 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 SmartCraft ASA (OSL:SMCRT) Overvalued in 2026?
Based on GuruFocus' analysis, SmartCraft ASA stock appears to be undervalued.
The current stock price of kr18.50 is trading 55.2% below its estimated GF Value™ of kr41.27.
Key valuation signals for OSL:SMCRT:
Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
GF Value™: kr41.27 vs. price of kr18.50 (55.2% below fair value)
Industry Position: 0% at the Software median (#1080 of 2751)
No single metric tells the full story. See the OSL:SMCRT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SmartCraft Group AB is a Nordic provider of cloud-based software solutions for craftsmen and the construction industry in Norway, Finland, Sweden, and the UK. The Group empowers European construction workers to gain business control and more productivity by simplifying work processes. The various brands in its portfolio are Bygglet, Cordel, Congrid, EL-VIS, HomeRun, Kvalitetskontroll, El-verdi, Elinn, Coredination, Locka, Clixifix, SmartCraft Spark, and SmartCraft Flow. SmartCraft Group's operating segments are reported on the basis of its business areas and include SME Construction, which generates the maximum revenue, Electro, HVAC and Plumbing, and Enterprise. Geographically, it generates maximum revenue from Norway.
72GF 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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