Besqab AB (publ) (OSTO:BESQAB) Piotroski F-Score: 5 (As of Jul. 21, 2026) — Near Median

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OSTO:BESQAB Besqab AB (publ) OSTO:BESQAB
82 GF Score
Price kr28.50
GF Value kr27.17
Valuation Fairly Valued
! 8 Warning Signs
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What is Besqab AB (publ) Piotroski F-Score?

Besqab AB (publ) OSTO:BESQAB 82 Piotroski F-Score is 5 as of Jul. 21, 2026, which is at its 10-year median of 5.00. GuruFocus rates OSTO:BESQAB with a GF Score™ of 82/100 and a GF Value™ of kr27.17 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,757 Real Estate companies, Besqab AB (publ) ranks better than 60.9% 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

Besqab AB (publ) 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 Besqab AB (publ)'s Piotroski F-Score or its related term are showing as below:

OSTO:BESQAB' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 7
Current: 5

During the past 8 years, the highest Piotroski F-Score of Besqab AB (publ) was 7. The lowest was 1. And the median was 5.

Besqab AB (publ)  (OSTO:BESQAB) 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.


Besqab AB (publ) Piotroski F-Score Related Terms


Besqab AB (publ) Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Besqab AB (publ)'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.

Besqab AB (publ) Piotroski F-Score Chart

Besqab AB (publ) Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 5.00 0.00 5.00 5.00 2.00

Besqab AB (publ) Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 5.00 2.00 2.00 4.00 5.00

Besqab AB (publ) Piotroski F-Score Competitor Comparison

For the Real Estate - Development subindustry, Besqab AB (publ)'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.


Besqab AB (publ) Piotroski F-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Besqab AB (publ)'s Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Besqab AB (publ)'s Piotroski F-Score falls into.


OSTO:BESQAB
82GF Score
Besqab AB (publ) OSTO:BESQAB
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 (Jun26) TTM:Last Year (Jun25) TTM:
Net Income was -13.9 + -7 + 51.1 + 87.7 = kr118 Mil.
Cash Flow from Operations was -500.1 + -1493.6 + -32 + 82.4 = kr-1,943 Mil.
Revenue was 332.3 + 324.3 + 731.8 + 708.1 = kr2,097 Mil.
Gross Profit was 17.5 + 38.9 + 87.1 + 167.9 = kr311 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(5821.1 + 5901.7 + 6690.5 + 6251.5 + 6666.7) / 5 = kr6266.3 Mil.
Total Assets at the begining of this year (Jun25) was kr5,821 Mil.
Long-Term Debt & Capital Lease Obligation was kr102 Mil.
Total Current Assets was kr6,000 Mil.
Total Current Liabilities was kr3,348 Mil.
Net Income was 48.3 + 50.4 + -68 + -23.6 = kr7 Mil.

Revenue was 1040.7 + 512.4 + 85.8 + 93.9 = kr1,733 Mil.
Gross Profit was 98.7 + 108.6 + 18.2 + 29.9 = kr255 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(5672.3 + 5403.7 + 5580.7 + 5652.3 + 5821.1) / 5 = kr5626.02 Mil.
Total Assets at the begining of last year (Jun24) was kr5,672 Mil.
Long-Term Debt & Capital Lease Obligation was kr180 Mil.
Total Current Assets was kr4,881 Mil.
Total Current Liabilities was kr2,474 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.

Besqab AB (publ)'s current Net Income (TTM) was 118. ==> 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.

Besqab AB (publ)'s current Cash Flow from Operations (TTM) was -1,943. ==> 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 (Jun25)
=117.9/5821.1
=0.0202539

ROA (Last Year)=Net Income/Total Assets (Jun24)
=7.1/5672.3
=0.0012517

Besqab AB (publ)'s return on assets of this year was 0.0202539. Besqab AB (publ)'s return on assets of last year was 0.0012517. ==> 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.

Besqab AB (publ)'s current Net Income (TTM) was 118. Besqab AB (publ)'s current Cash Flow from Operations (TTM) was -1,943. ==> -1,943 <= 118 ==> 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: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun25 to Jun26
=101.5/6266.3
=0.01619776

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=179.5/5626.02
=0.03190533

Besqab AB (publ)'s gearing of this year was 0.01619776. Besqab AB (publ)'s gearing of last year was 0.03190533. ==> 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: Jun26)=Total Current Assets/Total Current Liabilities
=6000.2/3347.9
=1.79222796

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=4880.9/2473.8
=1.97303743

Besqab AB (publ)'s current ratio of this year was 1.79222796. Besqab AB (publ)'s current ratio of last year was 1.97303743. ==> 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.

Besqab AB (publ)'s number of shares in issue this year was 103.487. Besqab AB (publ)'s number of shares in issue last year was 102.912. ==> 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
=311.4/2096.5
=0.14853327

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=255.4/1732.8
=0.14739151

Besqab AB (publ)'s gross margin of this year was 0.14853327. Besqab AB (publ)'s gross margin of last year was 0.14739151. ==> This year's gross margin is higher. ==> Score 1.

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 (Jun25)
=2096.5/5821.1
=0.3601553

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=1732.8/5672.3
=0.30548455

Besqab AB (publ)'s asset turnover of this year was 0.3601553. Besqab AB (publ)'s asset turnover of last year was 0.30548455. ==> 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+0+1+0+1+0+0+1+1
=5

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

Besqab AB (publ) 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?
Besqab AB (publ) (OSTO:BESQAB) has a Piotroski F-Score of 5 as of Jul. 21, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Besqab AB (publ) and its competitors. This is near median its historical median of 5.00. Over the past decade, Besqab AB (publ)'s Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, Besqab AB (publ) ranks #687 out of 1757 companies in the Real Estate industry, placing it in the top 39.1%.
Is Besqab AB (publ)'s Piotroski F-Score too high?
Besqab AB (publ)'s current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 7.00. The Real Estate industry median Piotroski F-Score is 5.00. Besqab AB (publ)'s value of 5 is 0% at this industry median. Based on the distribution chart, Besqab AB (publ) ranks #687 out of 1757 companies in the Real Estate industry, which is above the industry midpoint. Overall, Besqab AB (publ) has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Besqab AB (publ)'s Piotroski F-Score compare to competitors?
According to the Real Estate industry distribution chart, Besqab AB (publ) ranks #687 out of 1757 companies for Piotroski F-Score. This puts Besqab AB (publ) in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Besqab AB (publ)'s value of 5 is 0% at this benchmark. Historically, Besqab AB (publ)'s own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Besqab AB (publ) 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,757 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. Besqab AB (publ)'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 Besqab AB (publ) and its competitors. For the Real Estate 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. Besqab AB (publ)'s current Piotroski F-Score is 5, which is near median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Besqab AB (publ) stock overvalued right now?
Based on GuruFocus' analysis, Besqab AB (publ) (OSTO:BESQAB) is currently considered Fairly Valued. The stock's GF Value™ is kr27.17, compared to a current price of kr28.50 — trading 4.9% above its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Real Estate industry median of 5.00. Besqab AB (publ)'s overall GF Score™ is 82/100 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 Besqab AB (publ) (OSTO:BESQAB), the current Piotroski F-Score is 5 as of Jul. 21, 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 Besqab AB (publ) (OSTO:BESQAB) Overvalued in 2026?

Based on GuruFocus' analysis, Besqab AB (publ) stock appears to be overvalued. The current stock price of kr28.50 is trading 4.9% above its estimated GF Value™ of kr27.17. GuruFocus considers Besqab AB (publ) to be Fairly Valued.

Key valuation signals for OSTO:BESQAB:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: kr27.17 vs. price of kr28.50 (4.9% above fair value)
  • GF Score™: 82/100 with 8 warning signs
  • Industry Position: 0% at the Real Estate median (#687 of 1757)

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


Besqab AB (publ) Business Description

Other Exchanges BESQAB.PREF.B.PFD:Sweden
Address Golfvagen 2, Box 5, Danderyd, SWE, 182 11
Besqab AB (publ) is a property development company. It primarily focuses on residential housing in Sweden.
82GF Score

Get the complete analysis for OSTO:BESQAB

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

kr28.50
Price
kr27.17
GF Value