Calviks AB (OSTO:CALVIK) Piotroski F-Score: 6 (As of Jul. 20, 2026) — 50% Above Median

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OSTO:CALVIK Calviks AB OSTO:CALVIK
79 GF Score
Price kr71.60
GF Value kr124.63
Valuation Possible Value Trap
! 10 Warning Signs
View Full Analysis

What is Calviks AB Piotroski F-Score?

Calviks AB OSTO:CALVIK +6.87% 79 Piotroski F-Score is 6 as of Jul. 20, 2026, which is 50% above its 10-year median of 4.00. GuruFocus rates OSTO:CALVIK with a GF Score™ of 79/100 and a GF Value™ of kr124.63 (Possible Value Trap). The stock has 10 warning signs investors should review. Among 1,066 Business Services companies, Calviks AB ranks better than 72.05% 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

Calviks AB has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

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

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

Calviks AB  (OSTO:CALVIK) 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.


Calviks AB Piotroski F-Score Related Terms


Calviks AB Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Calviks 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.

Calviks AB Piotroski F-Score Chart

Calviks AB Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A 3.00 6.00 4.00

Calviks 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 4.00 3.00 4.00 6.00

OSTO:CALVIK vs KFY, RHI, TNET: Piotroski F-Score Comparison

For the Staffing & Employment Services subindustry, Calviks 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.


Calviks AB Piotroski F-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Calviks AB's Piotroski F-Score distribution charts can be found below:

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


OSTO:CALVIK
79GF Score
Calviks AB OSTO:CALVIK
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 0.741 + 6.112 + 7.051 + 0.847 = kr15 Mil.
Cash Flow from Operations was 7.304 + -15.554 + 57.25 + 3.502 = kr53 Mil.
Revenue was 416.481 + 356.108 + 458.019 + 446.887 = kr1,677 Mil.
Gross Profit was 31.004 + 29.703 + 48.336 + 34.018 = kr143 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(245.736 + 690.349 + 661.209 + 710.68 + 876.915) / 5 = kr636.9778 Mil.
Total Assets at the begining of this year (Mar25) was kr246 Mil.
Long-Term Debt & Capital Lease Obligation was kr261 Mil.
Total Current Assets was kr485 Mil.
Total Current Liabilities was kr500 Mil.
Net Income was 2.762 + 4.105 + 0.966 + 1.936 = kr10 Mil.

Revenue was 111.516 + 107.542 + 120.147 + 117.737 = kr457 Mil.
Gross Profit was 9.938 + 11.305 + 11.46 + 10.47 = kr43 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(221.505 + 233.569 + 227.334 + 232.821 + 245.736) / 5 = kr232.193 Mil.
Total Assets at the begining of last year (Mar24) was kr222 Mil.
Long-Term Debt & Capital Lease Obligation was kr29 Mil.
Total Current Assets was kr108 Mil.
Total Current Liabilities was kr127 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.

Calviks AB's current Net Income (TTM) was 15. ==> 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.

Calviks AB's current Cash Flow from Operations (TTM) was 53. ==> 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)
=14.751/245.736
=0.06002783

ROA (Last Year)=Net Income/Total Assets (Mar24)
=9.769/221.505
=0.04410284

Calviks AB's return on assets of this year was 0.06002783. Calviks AB's return on assets of last year was 0.04410284. ==> 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.

Calviks AB's current Net Income (TTM) was 15. Calviks AB's current Cash Flow from Operations (TTM) was 53. ==> 53 > 15 ==> 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
=261.091/636.9778
=0.40989027

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=29.013/232.193
=0.12495209

Calviks AB's gearing of this year was 0.40989027. Calviks AB's gearing of last year was 0.12495209. ==> 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
=484.54/499.59
=0.9698753

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=107.96/126.689
=0.85216554

Calviks AB's current ratio of this year was 0.9698753. Calviks AB's current ratio of last year was 0.85216554. ==> 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.

Calviks AB's number of shares in issue this year was 5.45. Calviks AB's number of shares in issue last year was 4.969. ==> 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
=143.061/1677.495
=0.08528252

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=43.173/456.942
=0.09448245

Calviks AB's gross margin of this year was 0.08528252. Calviks AB's gross margin of last year was 0.09448245. ==> 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)
=1677.495/245.736
=6.82641127

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=456.942/221.505
=2.062897

Calviks AB's asset turnover of this year was 6.82641127. Calviks AB's asset turnover of last year was 2.062897. ==> 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+1+1+0+1+0+0+1
=6

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

Calviks AB has an F-score of 6 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 6 mean?
Calviks AB (OSTO:CALVIK) has a Piotroski F-Score of 6 as of Jul. 20, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Calviks AB and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, Calviks AB's Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, Calviks AB ranks #298 out of 1066 companies in the Business Services industry, placing it in the top 28%.
Is Calviks AB's Piotroski F-Score too high?
Calviks AB's current Piotroski F-Score of 6 is 50% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 6.00. The Business Services industry median Piotroski F-Score is 5.00. Calviks AB's value of 6 is 20% above this industry median. Based on the distribution chart, Calviks AB ranks #298 out of 1066 companies in the Business Services industry, which is above the industry midpoint. Overall, Calviks AB has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Calviks AB's Piotroski F-Score compare to KFY and RHI?
According to the Business Services industry distribution chart, Calviks AB ranks #298 out of 1066 companies for Piotroski F-Score. This puts Calviks AB in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Calviks AB's value of 6 is 20% above this benchmark. Historically, Calviks AB's own Piotroski F-Score has ranged from 3.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Calviks AB 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,066 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. Calviks AB's current Piotroski F-Score of 6 is 20% 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 Calviks AB and its competitors. For the Business Services 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. Calviks AB's current Piotroski F-Score is 6, which is 50% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Calviks AB stock overvalued right now?
Based on GuruFocus' analysis, Calviks AB (OSTO:CALVIK) is currently considered Possible Value Trap. The stock's GF Value™ is kr124.63, compared to a current price of kr71.60 — trading 42.5% below its estimated fair value. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 20% above the Business Services industry median of 5.00. Calviks AB's overall GF Score™ is 79/100 with 10 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 Calviks AB (OSTO:CALVIK), the current Piotroski F-Score is 6 as of Jul. 20, 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 Calviks AB (OSTO:CALVIK) Overvalued in 2026?

Based on GuruFocus' analysis, Calviks AB stock appears to be undervalued. The current stock price of kr71.60 is trading 42.5% below its estimated GF Value™ of kr124.63. GuruFocus considers Calviks AB to be Possible Value Trap.

Key valuation signals for OSTO:CALVIK:

  • Piotroski F-Score: 6 (50% above median its 10-year median of 4.00)
  • GF Value™: kr124.63 vs. price of kr71.60 (42.5% below fair value)
  • GF Score™: 79/100 with 10 warning signs
  • Industry Position: 20% above the Business Services median (#298 of 1066)

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


Calviks AB Business Description

Address Landsvagen 57, Sundbyberg, SWE, 172 64
Calviks AB is specialist in recruitment. The company is engaged in recruitment support for recruitment process.
79GF Score

Get the complete analysis for OSTO:CALVIK

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

kr71.60
Price
kr124.63
GF Value