Arcoma AB (OSTO:ARCOMA) Piotroski F-Score: 5 (As of Jun. 28, 2026) — 17% Below Median


OSTO:ARCOMA Arcoma AB OSTO:ARCOMA
75 GF Score
Price kr8.80
GF Value kr7.85
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Arcoma AB Piotroski F-Score?

Arcoma AB OSTO:ARCOMA +3.53% 75 Piotroski F-Score is 5 as of Jun. 28, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates OSTO:ARCOMA with a GF Score™ of 75/100 and a GF Value™ of kr7.85 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 805 Medical Devices & Instruments companies, Arcoma AB ranks better than 64.97% 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

Arcoma AB 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 Arcoma AB's Piotroski F-Score or its related term are showing as below:

OSTO:ARCOMA' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 6   Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of Arcoma AB was 9. The lowest was 1. And the median was 6.

Arcoma AB  (OSTO:ARCOMA) 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.


Arcoma AB Piotroski F-Score Related Terms


Arcoma AB Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Arcoma 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.

Arcoma AB Piotroski F-Score Chart

Arcoma AB 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 5.00 8.00 9.00 6.00

Arcoma 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 8.00 7.00 6.00 6.00 5.00

OSTO:ARCOMA vs ABT, SYK, MDT: Piotroski F-Score Comparison

For the Medical Devices subindustry, Arcoma 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.


Arcoma AB Piotroski F-Score vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Arcoma AB's Piotroski F-Score distribution charts can be found below:

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


OSTO:ARCOMA
75GF Score
Arcoma AB OSTO:ARCOMA
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 0.004 + 1.586 + 1.397 + 0.811 = kr3.8 Mil.
Cash Flow from Operations was 7.849 + -0.309 + 12.93 + 0.068 = kr20.5 Mil.
Revenue was 31.378 + 29.887 + 34.659 + 31.131 = kr127.1 Mil.
Gross Profit was 12.313 + 12.346 + 13.524 + 12.442 = kr50.6 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(92.251 + 80.96 + 97.966 + 96.651 + 101.842) / 5 = kr93.934 Mil.
Total Assets at the begining of this year (Mar25) was kr92.3 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.0 Mil.
Total Current Assets was kr82.0 Mil.
Total Current Liabilities was kr26.3 Mil.
Net Income was 3.008 + 1.893 + 2.685 + 2.044 = kr9.6 Mil.

Revenue was 41.655 + 31.886 + 36.802 + 34.875 = kr145.2 Mil.
Gross Profit was 17.751 + 13.203 + 14.021 + 15.091 = kr60.1 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(95.518 + 83.735 + 87.288 + 80.463 + 92.251) / 5 = kr87.851 Mil.
Total Assets at the begining of last year (Mar24) was kr95.5 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.0 Mil.
Total Current Assets was kr69.4 Mil.
Total Current Liabilities was kr30.9 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.

Arcoma AB's current Net Income (TTM) was 3.8. ==> 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.

Score 1 if positive, 0 if negative.

Arcoma AB's current Cash Flow from Operations (TTM) was 20.5. ==> Positive ==> Score 1.

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)
=3.798/92.251
=0.04117029

ROA (Last Year)=Net Income/Total Assets (Mar24)
=9.63/95.518
=0.10081869

Arcoma AB's return on assets of this year was 0.04117029. Arcoma AB's return on assets of last year was 0.10081869. ==> 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.

Arcoma AB's current Net Income (TTM) was 3.8. Arcoma AB's current Cash Flow from Operations (TTM) was 20.5. ==> 20.5 > 3.8 ==> CFROA > ROA ==> Score 1.

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
=0/93.934
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/87.851
=0

Arcoma AB's gearing of this year was 0. Arcoma AB'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: Mar26)=Total Current Assets/Total Current Liabilities
=82.003/26.304
=3.11751064

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=69.36/30.872
=2.24669604

Arcoma AB's current ratio of this year was 3.11751064. Arcoma AB's current ratio of last year was 2.24669604. ==> 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.

Arcoma AB's number of shares in issue this year was 14.309. Arcoma AB's number of shares in issue last year was 13.186. ==> 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
=50.625/127.055
=0.39844949

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=60.066/145.218
=0.41362641

Arcoma AB's gross margin of this year was 0.39844949. Arcoma AB's gross margin of last year was 0.41362641. ==> 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)
=127.055/92.251
=1.37727504

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=145.218/95.518
=1.52032078

Arcoma AB's asset turnover of this year was 1.37727504. Arcoma AB's asset turnover of last year was 1.52032078. ==> 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
=1+1+0+1+1+1+0+0+0
=5

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

Arcoma AB has an F-score of 5 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 5 mean?
Arcoma AB (OSTO:ARCOMA) has a Piotroski F-Score of 5 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Arcoma AB and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Arcoma AB's Piotroski F-Score has ranged from 1.00 to 9.00. According to the industry distribution chart, Arcoma AB ranks #282 out of 805 companies in the Medical Devices & Instruments industry, placing it in the top 35%.
Is Arcoma AB's Piotroski F-Score too high?
Arcoma AB'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 1.00 to a high of 9.00. The Medical Devices & Instruments industry median Piotroski F-Score is 5.00. Arcoma AB's value of 5 is 0% at this industry median. Based on the distribution chart, Arcoma AB ranks #282 out of 805 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Arcoma AB has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Arcoma AB's Piotroski F-Score compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Arcoma AB ranks #282 out of 805 companies for Piotroski F-Score. This puts Arcoma AB in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Arcoma AB's value of 5 is 0% at this benchmark. Historically, Arcoma AB's own Piotroski F-Score has ranged from 1.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Arcoma AB 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 Medical Devices & Instruments company?
The median Piotroski F-Score among Medical Devices & Instruments companies is 5.00, based on 805 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. Arcoma AB'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 Arcoma AB and its competitors. For the Medical Devices & Instruments 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. Arcoma AB'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 Arcoma AB stock overvalued right now?
Based on GuruFocus' analysis, Arcoma AB (OSTO:ARCOMA) is currently considered Modestly Overvalued. The stock's GF Value™ is kr7.85, compared to a current price of kr8.80 — trading 12.1% above 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 Medical Devices & Instruments industry median of 5.00. Arcoma AB's overall GF Score™ is 75/100 with 4 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 Arcoma AB (OSTO:ARCOMA), the current Piotroski F-Score is 5 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 Arcoma AB (OSTO:ARCOMA) Overvalued in 2026?

Based on GuruFocus' analysis, Arcoma AB stock appears to be overvalued. The current stock price of kr8.80 is trading 12.1% above its estimated GF Value™ of kr7.85. GuruFocus considers Arcoma AB to be Modestly Overvalued.

Key valuation signals for OSTO:ARCOMA:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: kr7.85 vs. price of kr8.80 (12.1% above fair value)
  • GF Score™: 75/100 with 4 warning signs
  • Industry Position: 0% at the Medical Devices & Instruments median (#282 of 805)

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


Arcoma AB Business Description

Address Annavagen 1, Vaxjo, SWE, SE-352 46
Arcoma AB provides digital radiography systems in Sweden. It offers products including wireless flat panel detectors, positioning devices, and precision dr systems.
75GF Score

Get the complete analysis for OSTO:ARCOMA

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

kr8.80
Price
kr7.85
GF Value