SoftOx Solutions AS (OSL:SOFTX) Piotroski F-Score: 4 (As of Jul. 08, 2026) — 33% Above Median


What is SoftOx Solutions AS Piotroski F-Score?

SoftOx Solutions AS OSL:SOFTX -2.91% Piotroski F-Score is 4 as of Jul. 08, 2026, which is 33% above its 10-year median of 3.00. Among 1,330 Biotechnology companies, SoftOx Solutions AS ranks better than 73.98% 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

SoftOx Solutions 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 SoftOx Solutions AS's Piotroski F-Score or its related term are showing as below:

OSL:SOFTX' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 3   Max: 5
Current: 4

During the past 10 years, the highest Piotroski F-Score of SoftOx Solutions AS was 5. The lowest was 2. And the median was 3.

SoftOx Solutions AS  (OSL:SOFTX) 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.


SoftOx Solutions AS Piotroski F-Score Related Terms


SoftOx Solutions AS Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for SoftOx Solutions 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.

SoftOx Solutions AS Piotroski F-Score Chart

SoftOx Solutions AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 2.00 4.00 3.00 4.00

SoftOx Solutions AS Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 3.00 4.00 5.00 6.00 4.00

OSL:SOFTX vs VRTX, REGN, ALNY: Piotroski F-Score Comparison

For the Biotechnology subindustry, SoftOx Solutions 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.


SoftOx Solutions AS Piotroski F-Score vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, SoftOx Solutions AS's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where SoftOx Solutions AS's Piotroski F-Score falls into.


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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was 1.953 + -3.343 + -5.547 + -3.876 = kr-10.81 Mil.
Cash Flow from Operations was -4.616 + -6.379 + 0.287 + -8.158 = kr-18.87 Mil.
Revenue was 3.216 + 4.291 + 4.463 + 3.613 = kr15.58 Mil.
Gross Profit was 3.216 + 4.291 + 4.463 + 3.613 = kr15.58 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(121.141 + 121.837 + 118.015 + 117.523 + 33.931) / 5 = kr102.4894 Mil.
Total Assets at the begining of this year (Dec24) was kr121.14 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.00 Mil.
Total Current Assets was kr19.79 Mil.
Total Current Liabilities was kr10.98 Mil.
Net Income was -21.346 + -7.638 + -17.9 + -3.576 = kr-50.46 Mil.

Revenue was 1.815 + 3.062 + 1.418 + 1.619 = kr7.91 Mil.
Gross Profit was 1.815 + 3.062 + 1.418 + 1.619 = kr7.91 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was
(97.238 + 92.21 + 96.847 + 103.356 + 121.141) / 5 = kr102.1584 Mil.
Total Assets at the begining of last year (Dec23) was kr97.24 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.00 Mil.
Total Current Assets was kr10.53 Mil.
Total Current Liabilities was kr25.96 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.

SoftOx Solutions AS's current Net Income (TTM) was -10.81. ==> 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.

Score 1 if positive, 0 if negative.

SoftOx Solutions AS's current Cash Flow from Operations (TTM) was -18.87. ==> Negative ==> Score 0.

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 (Dec24)
=-10.813/121.141
=-0.08925962

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-50.46/97.238
=-0.51893293

SoftOx Solutions AS's return on assets of this year was -0.08925962. SoftOx Solutions AS's return on assets of last year was -0.51893293. ==> This year is higher. ==> Score 1.

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.

SoftOx Solutions AS's current Net Income (TTM) was -10.81. SoftOx Solutions AS's current Cash Flow from Operations (TTM) was -18.87. ==> -18.87 <= -10.81 ==> CFROA <= ROA ==> Score 0.

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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=0/102.4894
=0

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0/102.1584
=0

SoftOx Solutions AS's gearing of this year was 0. SoftOx Solutions 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

Current Ratio (This Year: Dec25)=Total Current Assets/Total Current Liabilities
=19.794/10.977
=1.80322492

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=10.526/25.956
=0.40553244

SoftOx Solutions AS's current ratio of this year was 1.80322492. SoftOx Solutions AS's current ratio of last year was 0.40553244. ==> 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.

SoftOx Solutions AS's number of shares in issue this year was 2390.417. SoftOx Solutions AS's number of shares in issue last year was 1951.254. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=15.583/15.583
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=7.914/7.914
=1

SoftOx Solutions AS's gross margin of this year was 1. SoftOx Solutions AS'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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec24)
=15.583/121.141
=0.12863523

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=7.914/97.238
=0.08138793

SoftOx Solutions AS's asset turnover of this year was 0.12863523. SoftOx Solutions AS's asset turnover of last year was 0.08138793. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+0+1+0+1+1+0+0+1
=4

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

SoftOx Solutions AS has an F-score of 4 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 4 mean?
SoftOx Solutions AS (OSL:SOFTX) has a Piotroski F-Score of 4 as of Jul. 08, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on SoftOx Solutions AS and its competitors. This is 33% above median its historical median of 3.00. Over the past decade, SoftOx Solutions AS's Piotroski F-Score has ranged from 2.00 to 5.00. According to the industry distribution chart, SoftOx Solutions AS ranks #346 out of 1330 companies in the Biotechnology industry, placing it in the top 26%.
Is SoftOx Solutions AS's Piotroski F-Score too high?
SoftOx Solutions AS's current Piotroski F-Score of 4 is 33% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 5.00. The Biotechnology industry median Piotroski F-Score is 3.00. SoftOx Solutions AS's value of 4 is 33.3% above this industry median. Based on the distribution chart, SoftOx Solutions AS ranks #346 out of 1330 companies in the Biotechnology industry, which is above the industry midpoint.
How does SoftOx Solutions AS's Piotroski F-Score compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, SoftOx Solutions AS ranks #346 out of 1330 companies for Piotroski F-Score. This puts SoftOx Solutions AS in the upper half of its industry. The industry median Piotroski F-Score is 3.00. SoftOx Solutions AS's value of 4 is 33.3% above this benchmark. Historically, SoftOx Solutions AS's own Piotroski F-Score has ranged from 2.00 to 5.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 3.00, SoftOx Solutions AS 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 a Biotechnology company?
The median Piotroski F-Score among Biotechnology companies is 3.00, based on 1,330 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. SoftOx Solutions AS's current Piotroski F-Score of 4 is 33.3% 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 SoftOx Solutions AS and its competitors. For the Biotechnology industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SoftOx Solutions AS's current Piotroski F-Score is 4, which is 33% above median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SoftOx Solutions AS stock overvalued right now?
SoftOx Solutions AS (OSL:SOFTX) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is 33% above median its 10-year median of 3.00 and 33.3% above the Biotechnology industry median of 3.00. 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 SoftOx Solutions AS (OSL:SOFTX), the current Piotroski F-Score is 4 as of Jul. 08, 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.

SoftOx Solutions AS Business Description

Other Exchanges 6FV:Germany
Address Fridtjof Nansens vei 16, Lysaker, NOR, 1366
SoftOx Solutions AS is a clinical-stage pharmaceutical company. It offers antimicrobial solutions for Wound and Skin Care. It has developed an effective antimicrobial solution to combat biofilm, viral, and antimicrobial-resistant infections. The technology is based on extensive research and development in partnership with Nordic research institutes.