4C Group AB (OSTO:4C) Piotroski F-Score: 1 (As of Jun. 30, 2026) — 67% Below Median


OSTO:4C 4C Group AB OSTO:4C
57 GF Score
Price kr7.24
GF Value kr14.72
Valuation Possible Value Trap
! 8 Warning Signs
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What is 4C Group AB Piotroski F-Score?

4C Group AB OSTO:4C -1.50% 57 Piotroski F-Score is 1 as of Jun. 30, 2026, which is 67% below its 10-year median of 3.00. GuruFocus rates OSTO:4C with a GF Score™ of 57/100 and a GF Value™ of kr14.72 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 2,743 Software companies, 4C Group AB ranks worse than 98.36% on this metric.

Warning Sign:

Piotroski F-Score of 1 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

4C Group AB has an F-score of 1. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for 4C Group AB's Piotroski F-Score or its related term are showing as below:

OSTO:4C' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 6
Current: 1

During the past 7 years, the highest Piotroski F-Score of 4C Group AB was 6. The lowest was 1. And the median was 3.

4C Group AB  (OSTO:4C) 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.


4C Group AB Piotroski F-Score Related Terms


4C Group AB Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for 4C Group AB'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.

4C Group AB Piotroski F-Score Chart

4C Group AB Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A 3.00 2.00 4.00 2.00

4C Group AB 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 4.00 6.00 4.00 2.00 1.00

OSTO:4C vs MSFT, ORCL, PLTR: Piotroski F-Score Comparison

For the Software - Infrastructure subindustry, 4C Group AB'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.


4C Group AB Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, 4C Group AB's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where 4C Group AB's Piotroski F-Score falls into.


OSTO:4C
57GF Score
4C Group AB OSTO:4C
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 -8.984 + -13.329 + 14.964 + -17.839 = kr-25.2 Mil.
Cash Flow from Operations was -33.672 + 9.079 + 5.097 + -28.971 = kr-48.5 Mil.
Revenue was 76.018 + 72.809 + 113.165 + 60.855 = kr322.8 Mil.
Gross Profit was 20.123 + 20.63 + 58.154 + 7.334 = kr106.2 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(493.682 + 491.545 + 497.086 + 517.496 + 531.264) / 5 = kr506.2146 Mil.
Total Assets at the begining of this year (Mar25) was kr493.7 Mil.
Long-Term Debt & Capital Lease Obligation was kr20.4 Mil.
Total Current Assets was kr232.6 Mil.
Total Current Liabilities was kr236.3 Mil.
Net Income was -27.472 + 11.134 + 24.296 + -9.406 = kr-1.4 Mil.

Revenue was 60.915 + 94.633 + 113.841 + 91.119 = kr360.5 Mil.
Gross Profit was 3.283 + 45.969 + 57.825 + 39.933 = kr147.0 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(368.849 + 353.832 + 398.178 + 437.577 + 493.682) / 5 = kr410.4236 Mil.
Total Assets at the begining of last year (Mar24) was kr368.8 Mil.
Long-Term Debt & Capital Lease Obligation was kr22.1 Mil.
Total Current Assets was kr235.4 Mil.
Total Current Liabilities was kr171.3 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.

4C Group AB's current Net Income (TTM) was -25.2. ==> 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.

4C Group AB's current Cash Flow from Operations (TTM) was -48.5. ==> 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 (Mar25)
=-25.188/493.682
=-0.0510207

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-1.448/368.849
=-0.00392573

4C Group AB's return on assets of this year was -0.0510207. 4C Group AB's return on assets of last year was -0.00392573. ==> 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.

4C Group AB's current Net Income (TTM) was -25.2. 4C Group AB's current Cash Flow from Operations (TTM) was -48.5. ==> -48.5 <= -25.2 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=20.425/506.2146
=0.0403485

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=22.095/410.4236
=0.05383462

4C Group AB's gearing of this year was 0.0403485. 4C Group AB's gearing of last year was 0.05383462. ==> 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
=232.631/236.27
=0.98459813

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=235.416/171.349
=1.37389772

4C Group AB's current ratio of this year was 0.98459813. 4C Group AB's current ratio of last year was 1.37389772. ==> 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.

4C Group AB's number of shares in issue this year was 38.275. 4C Group AB's number of shares in issue last year was 38.145. ==> 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
=106.241/322.847
=0.32907538

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=147.01/360.508
=0.40778568

4C Group AB's gross margin of this year was 0.32907538. 4C Group AB's gross margin of last year was 0.40778568. ==> 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)
=322.847/493.682
=0.65395741

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=360.508/368.849
=0.97738641

4C Group AB's asset turnover of this year was 0.65395741. 4C Group AB's asset turnover of last year was 0.97738641. ==> 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+0+0+0+1+0+0+0+0
=1

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

4C Group AB has an F-score of 1. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 1 mean?
4C Group AB (OSTO:4C) has a Piotroski F-Score of 1 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on 4C Group AB and its competitors. This is 67% below median its historical median of 3.00. Over the past decade, 4C Group AB's Piotroski F-Score has ranged from 1.00 to 6.00. According to the industry distribution chart, 4C Group AB ranks #2698 out of 2743 companies in the Software industry, placing it in the top 98.4%.
Is 4C Group AB's Piotroski F-Score too high?
4C Group AB's current Piotroski F-Score of 1 is 67% below median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 6.00. The Software industry median Piotroski F-Score is 5.00. 4C Group AB's value of 1 is 80% below this industry median. Based on the distribution chart, 4C Group AB ranks #2698 out of 2743 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, 4C Group AB has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does 4C Group AB's Piotroski F-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, 4C Group AB ranks #2698 out of 2743 companies for Piotroski F-Score. This places 4C Group AB in the lower half of its industry. The industry median Piotroski F-Score is 5.00. 4C Group AB's value of 1 is 80% below this benchmark. Historically, 4C Group AB's own Piotroski F-Score has ranged from 1.00 to 6.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, 4C Group AB 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,743 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. 4C Group AB's current Piotroski F-Score of 1 is 80% 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 4C Group AB 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. 4C Group AB's current Piotroski F-Score is 1, which is 67% below 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 4C Group AB stock overvalued right now?
Based on GuruFocus' analysis, 4C Group AB (OSTO:4C) is currently considered Possible Value Trap. The stock's GF Value™ is kr14.72, compared to a current price of kr7.24 — trading 50.8% below its estimated fair value. The current Piotroski F-Score is 1, which is 67% below median its 10-year median of 3.00 and 80% below the Software industry median of 5.00. 4C Group AB's overall GF Score™ is 57/100 with 8 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 4C Group AB (OSTO:4C), the current Piotroski F-Score is 1 as of Jun. 30, 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 4C Group AB (OSTO:4C) Overvalued in 2026?

Based on GuruFocus' analysis, 4C Group AB stock appears to be undervalued. The current stock price of kr7.24 is trading 50.8% below its estimated GF Value™ of kr14.72. GuruFocus considers 4C Group AB to be Possible Value Trap.

Key valuation signals for OSTO:4C:

  • Piotroski F-Score: 1 (67% below median its 10-year median of 3.00)
  • GF Value™: kr14.72 vs. price of kr7.24 (50.8% below fair value)
  • GF Score™: 57/100 with 8 warning signs
  • Industry Position: 80% below the Software median (#2698 of 2743)

No single metric tells the full story. See the OSTO:4C stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


4C Group AB Business Description

Address Vattugatan 17, Stockholm, SWE, 111 52
4C Group AB is engaged in providing software solutions and services for organizational readiness, training, and crisis management. It provides its solutions mainly to customers in mission-critical environments such as defense forces, public organizations, and companies in the corporate sector that need managing risks and training for sudden and critical events. Geographically the company generates the majority of its revenue from Sweden and also coordinated into four segments: EMEA, North America, APAC, and Global Expert Services.
57GF Score

Get the complete analysis for OSTO:4C

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

kr7.24
Price
kr14.72
GF Value