Bahnhof AB (OSTO:BAHN B) Piotroski F-Score: 4 (As of Jul. 09, 2026) — 33% Below Median


OSTO:BAHN B Bahnhof AB OSTO:BAHN B
94 GF Score
Price kr59.60
GF Value kr59.25
Valuation Fairly Valued
! 1 Warning Sign
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What is Bahnhof AB Piotroski F-Score?

Bahnhof AB OSTO:BAHN B +17.09% 94 Piotroski F-Score is 4 as of Jul. 09, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates OSTO:BAHN B with a GF Score™ of 94/100 and a GF Value™ of kr59.25 (Fairly Valued). The stock has 1 warning sign investors should review. Among 354 Telecommunication Services companies, Bahnhof AB ranks worse than 70.9% 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

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

OSTO:BAHN B' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Bahnhof AB was 8. The lowest was 4. And the median was 6.

Bahnhof AB  (OSTO:BAHN B) 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.


Bahnhof AB Piotroski F-Score Related Terms


Bahnhof AB Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Bahnhof 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.

Bahnhof AB Piotroski F-Score Chart

Bahnhof 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 8.00 7.00 6.00 4.00 5.00

Bahnhof 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 5.00 4.00

OSTO:BAHN B vs TMUS, VZ, T: Piotroski F-Score Comparison

For the Telecom Services subindustry, Bahnhof 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.


Bahnhof AB Piotroski F-Score vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Bahnhof AB's Piotroski F-Score distribution charts can be found below:

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


OSTO:BAHN B
94GF Score
Bahnhof AB OSTO:BAHN B
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 56.719 + 56.905 + 9.268 + 62.249 = kr185 Mil.
Cash Flow from Operations was 59.799 + 100.647 + 38.418 + 111.478 = kr310 Mil.
Revenue was 548.47 + 561.126 + 568.296 + 582.521 = kr2,260 Mil.
Gross Profit was 160.683 + 164.89 + 157.352 + 175.98 = kr659 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1441.207 + 1279.441 + 1356.334 + 1400.692 + 1464.078) / 5 = kr1388.3504 Mil.
Total Assets at the begining of this year (Mar25) was kr1,441 Mil.
Long-Term Debt & Capital Lease Obligation was kr133 Mil.
Total Current Assets was kr898 Mil.
Total Current Liabilities was kr645 Mil.
Net Income was 53.711 + 60.05 + 50.302 + 57.748 = kr222 Mil.

Revenue was 500.881 + 511.414 + 515.081 + 536.183 = kr2,064 Mil.
Gross Profit was 147.21 + 147.771 + 151.885 + 159.194 = kr606 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1373.957 + 1251.876 + 1287.893 + 1363.152 + 1441.207) / 5 = kr1343.617 Mil.
Total Assets at the begining of last year (Mar24) was kr1,374 Mil.
Long-Term Debt & Capital Lease Obligation was kr117 Mil.
Total Current Assets was kr960 Mil.
Total Current Liabilities was kr597 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.

Bahnhof AB's current Net Income (TTM) was 185. ==> 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.

Bahnhof AB's current Cash Flow from Operations (TTM) was 310. ==> 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)
=185.141/1441.207
=0.12846246

ROA (Last Year)=Net Income/Total Assets (Mar24)
=221.811/1373.957
=0.16143955

Bahnhof AB's return on assets of this year was 0.12846246. Bahnhof AB's return on assets of last year was 0.16143955. ==> 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.

Bahnhof AB's current Net Income (TTM) was 185. Bahnhof AB's current Cash Flow from Operations (TTM) was 310. ==> 310 > 185 ==> 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
=133.37/1388.3504
=0.09606365

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=117.365/1343.617
=0.08735004

Bahnhof AB's gearing of this year was 0.09606365. Bahnhof AB's gearing of last year was 0.08735004. ==> Last year is lower than this year ==> Score 0.

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
=897.85/645.077
=1.39184935

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=959.646/596.687
=1.60829044

Bahnhof AB's current ratio of this year was 1.39184935. Bahnhof AB's current ratio of last year was 1.60829044. ==> 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.

Bahnhof AB's number of shares in issue this year was 107.5. Bahnhof AB's number of shares in issue last year was 106.941. ==> 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
=658.905/2260.413
=0.29149762

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=606.06/2063.559
=0.29369647

Bahnhof AB's gross margin of this year was 0.29149762. Bahnhof AB's gross margin of last year was 0.29369647. ==> 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)
=2260.413/1441.207
=1.56841661

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2063.559/1373.957
=1.50190945

Bahnhof AB's asset turnover of this year was 1.56841661. Bahnhof AB's asset turnover of last year was 1.50190945. ==> 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
=1+1+0+1+0+0+0+0+1
=4

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

Bahnhof AB 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?
Bahnhof AB (OSTO:BAHN B) has a Piotroski F-Score of 4 as of Jul. 09, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Bahnhof AB and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Bahnhof AB's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Bahnhof AB ranks #251 out of 354 companies in the Telecommunication Services industry, placing it in the top 70.9%.
Is Bahnhof AB's Piotroski F-Score too high?
Bahnhof AB's current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Telecommunication Services industry median Piotroski F-Score is 6.00. Bahnhof AB's value of 4 is 33.3% below this industry median. Based on the distribution chart, Bahnhof AB ranks #251 out of 354 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Bahnhof AB has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bahnhof AB's Piotroski F-Score compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Bahnhof AB ranks #251 out of 354 companies for Piotroski F-Score. This places Bahnhof AB in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Bahnhof AB's value of 4 is 33.3% below this benchmark. Historically, Bahnhof AB's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Bahnhof 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 Telecommunication Services company?
The median Piotroski F-Score among Telecommunication Services companies is 6.00, based on 354 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. Bahnhof AB's current Piotroski F-Score of 4 is 33.3% 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 Bahnhof AB and its competitors. For the Telecommunication Services industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bahnhof AB's current Piotroski F-Score is 4, which is 33% 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 Bahnhof AB stock overvalued right now?
Based on GuruFocus' analysis, Bahnhof AB (OSTO:BAHN B) is currently considered Fairly Valued. The stock's GF Value™ is kr59.25, compared to a current price of kr59.60 — trading 0.6% above its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 33.3% below the Telecommunication Services industry median of 6.00. Bahnhof AB's overall GF Score™ is 94/100 with 1 warning sign 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 Bahnhof AB (OSTO:BAHN B), the current Piotroski F-Score is 4 as of Jul. 09, 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 Bahnhof AB (OSTO:BAHN B) Overvalued in 2026?

Based on GuruFocus' analysis, Bahnhof AB stock appears to be overvalued. The current stock price of kr59.60 is trading 0.6% above its estimated GF Value™ of kr59.25. GuruFocus considers Bahnhof AB to be Fairly Valued.

Key valuation signals for OSTO:BAHN B:

  • Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
  • GF Value™: kr59.25 vs. price of kr59.60 (0.6% above fair value)
  • GF Score™: 94/100 with 1 warning sign
  • Industry Position: 33.3% below the Telecommunication Services median (#251 of 354)

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


Bahnhof AB Business Description

Other Exchanges 3B7:Germany
Address Box 930, Borlange, SWE, 781 29
Bahnhof AB is an independent national Internet provider. It provides IP-based communication and entertainment services to consumers and companies in Europe. The company offers broadband, cloud, colocation, operational services, corporate, and customer testimonials services.
94GF Score

Get the complete analysis for OSTO:BAHN B

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

kr59.60
Price
kr59.25
GF Value