Cheffelo AB (publ) (OSTO:CHEF) Piotroski F-Score: 8 (As of Jul. 02, 2026) — 14% Above Median


OSTO:CHEF Cheffelo AB (publ) OSTO:CHEF
64 GF Score
Price kr123.20
GF Value kr32.72
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Cheffelo AB (publ) Piotroski F-Score?

Cheffelo AB (publ) OSTO:CHEF +1.99% 64 Piotroski F-Score is 8 as of Jul. 02, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates OSTO:CHEF with a GF Score™ of 64/100 and a GF Value™ of kr32.72 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 296 Retail - Defensive companies, Cheffelo AB (publ) ranks better than 98.31% on this metric.

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

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

Cheffelo AB (publ) has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

OSTO:CHEF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 7   Max: 9
Current: 8

During the past 9 years, the highest Piotroski F-Score of Cheffelo AB (publ) was 9. The lowest was 3. And the median was 7.

Cheffelo AB (publ)  (OSTO:CHEF) 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.


Cheffelo AB (publ) Piotroski F-Score Related Terms


Cheffelo AB (publ) Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Cheffelo 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.

Cheffelo AB (publ) Piotroski F-Score Chart

Cheffelo AB (publ) Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 7.00 3.00 9.00 7.00 7.00

Cheffelo AB (publ) 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 7.00 8.00 7.00 7.00 8.00

OSTO:CHEF vs SYY, USFD, PFGC: Piotroski F-Score Comparison

For the Food Distribution subindustry, Cheffelo 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.


Cheffelo AB (publ) Piotroski F-Score vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Cheffelo AB (publ)'s Piotroski F-Score distribution charts can be found below:

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


OSTO:CHEF
64GF Score
Cheffelo AB (publ) OSTO:CHEF
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 17.04 + -5.269 + 29.566 + 25.481 = kr67 Mil.
Cash Flow from Operations was 18.086 + 41.031 + 36.705 + 64.574 = kr160 Mil.
Revenue was 261.691 + 266.39 + 323.599 + 374.611 = kr1,226 Mil.
Gross Profit was 112.52 + 105.583 + 140.285 + 161.137 = kr520 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(769.663 + 709.858 + 748.827 + 722.082 + 817.477) / 5 = kr753.5814 Mil.
Total Assets at the begining of this year (Mar25) was kr770 Mil.
Long-Term Debt & Capital Lease Obligation was kr50 Mil.
Total Current Assets was kr272 Mil.
Total Current Liabilities was kr209 Mil.
Net Income was 13.912 + -12.115 + 24.468 + 16.119 = kr42 Mil.

Revenue was 256.911 + 215.995 + 296.553 + 336.276 = kr1,106 Mil.
Gross Profit was 111.675 + 89.89 + 130.08 + 145.482 = kr477 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(786.948 + 753.256 + 728.243 + 746.124 + 769.663) / 5 = kr756.8468 Mil.
Total Assets at the begining of last year (Mar24) was kr787 Mil.
Long-Term Debt & Capital Lease Obligation was kr73 Mil.
Total Current Assets was kr206 Mil.
Total Current Liabilities was kr184 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.

Cheffelo AB (publ)'s current Net Income (TTM) was 67. ==> 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.

Cheffelo AB (publ)'s current Cash Flow from Operations (TTM) was 160. ==> 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)
=66.818/769.663
=0.08681462

ROA (Last Year)=Net Income/Total Assets (Mar24)
=42.384/786.948
=0.0538587

Cheffelo AB (publ)'s return on assets of this year was 0.08681462. Cheffelo AB (publ)'s return on assets of last year was 0.0538587. ==> 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.

Cheffelo AB (publ)'s current Net Income (TTM) was 67. Cheffelo AB (publ)'s current Cash Flow from Operations (TTM) was 160. ==> 160 > 67 ==> 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
=50.494/753.5814
=0.06700537

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=72.757/756.8468
=0.09613174

Cheffelo AB (publ)'s gearing of this year was 0.06700537. Cheffelo AB (publ)'s gearing of last year was 0.09613174. ==> 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
=272.12/209.264
=1.300367

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=206.042/184.148
=1.1188935

Cheffelo AB (publ)'s current ratio of this year was 1.300367. Cheffelo AB (publ)'s current ratio of last year was 1.1188935. ==> 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.

Cheffelo AB (publ)'s number of shares in issue this year was 12.894. Cheffelo AB (publ)'s number of shares in issue last year was 13.02. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

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
=519.525/1226.291
=0.42365556

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=477.127/1105.735
=0.43150212

Cheffelo AB (publ)'s gross margin of this year was 0.42365556. Cheffelo AB (publ)'s gross margin of last year was 0.43150212. ==> 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)
=1226.291/769.663
=1.59328303

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1105.735/786.948
=1.40509284

Cheffelo AB (publ)'s asset turnover of this year was 1.59328303. Cheffelo AB (publ)'s asset turnover of last year was 1.40509284. ==> 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+1+1+1+0+1
=8

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

Cheffelo AB (publ) has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Cheffelo AB (publ) (OSTO:CHEF) has a Piotroski F-Score of 8 as of Jul. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Cheffelo AB (publ) and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Cheffelo AB (publ)'s Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Cheffelo AB (publ) ranks #5 out of 296 companies in the Retail - Defensive industry, placing it in the top 1.7%.
Is Cheffelo AB (publ)'s Piotroski F-Score too high?
Cheffelo AB (publ)'s current Piotroski F-Score of 8 is 14% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Retail - Defensive industry median Piotroski F-Score is 6.00. Cheffelo AB (publ)'s value of 8 is 33.3% above this industry median. Based on the distribution chart, Cheffelo AB (publ) ranks #5 out of 296 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, Cheffelo AB (publ) has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cheffelo AB (publ)'s Piotroski F-Score compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Cheffelo AB (publ) ranks #5 out of 296 companies for Piotroski F-Score. This places Cheffelo AB (publ) in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Cheffelo AB (publ)'s value of 8 is 33.3% above this benchmark. Historically, Cheffelo AB (publ)'s own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 6.00, Cheffelo AB (publ) 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 Retail - Defensive company?
The median Piotroski F-Score among Retail - Defensive companies is 6.00, based on 296 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. Cheffelo AB (publ)'s current Piotroski F-Score of 8 is 33.3% 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 Cheffelo AB (publ) and its competitors. For the Retail - Defensive 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. Cheffelo AB (publ)'s current Piotroski F-Score is 8, which is 14% above median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cheffelo AB (publ) stock overvalued right now?
Based on GuruFocus' analysis, Cheffelo AB (publ) (OSTO:CHEF) is currently considered Significantly Overvalued. The stock's GF Value™ is kr32.72, compared to a current price of kr123.20 — trading 276.5% above its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 33.3% above the Retail - Defensive industry median of 6.00. Cheffelo AB (publ)'s overall GF Score™ is 64/100 with 5 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 Cheffelo AB (publ) (OSTO:CHEF), the current Piotroski F-Score is 8 as of Jul. 02, 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 Cheffelo AB (publ) (OSTO:CHEF) Overvalued in 2026?

Based on GuruFocus' analysis, Cheffelo AB (publ) stock appears to be overvalued. The current stock price of kr123.20 is trading 276.5% above its estimated GF Value™ of kr32.72. GuruFocus considers Cheffelo AB (publ) to be Significantly Overvalued.

Key valuation signals for OSTO:CHEF:

  • Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
  • GF Value™: kr32.72 vs. price of kr123.20 (276.5% above fair value)
  • GF Score™: 64/100 with 5 warning signs
  • Industry Position: 33.3% above the Retail - Defensive median (#5 of 296)

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


Cheffelo AB (publ) Business Description

Other Exchanges 4HY:Germany
Address Lofstroms Alle 5, Sundbyberg, Stockholm, SWE, 172 66
Cheffelo AB (publ) is simplifying everyday life by offering a large variety of inspiring meals delivered directly to the customers front door. The Group is a supplier of meal kits in the Nordic region and considers itself a leader in Scandinavian food tech. The Group operates in Sweden, Norway, and Denmark under the brands Linas Matkasse, Godtlevert, Adams Matkasse, and RetNemt.
64GF Score

Get the complete analysis for OSTO:CHEF

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

kr123.20
Price
kr32.72
GF Value