Drillcon AB (OSTO:DRIL) Piotroski F-Score: 4 (As of Jul. 03, 2026) — 33% Below Median


OSTO:DRIL Drillcon AB OSTO:DRIL
69 GF Score
Price kr3.98
GF Value kr5.01
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Drillcon AB Piotroski F-Score?

Drillcon AB OSTO:DRIL +2.31% 69 Piotroski F-Score is 4 as of Jul. 03, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates OSTO:DRIL with a GF Score™ of 69/100 and a GF Value™ of kr5.01 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,064 Business Services companies, Drillcon AB ranks worse than 69.74% 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

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

OSTO:DRIL' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 6   Max: 9
Current: 4

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

Drillcon AB  (OSTO:DRIL) 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.


Drillcon AB Piotroski F-Score Related Terms


Drillcon AB Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Drillcon 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.

Drillcon AB Piotroski F-Score Chart

Drillcon 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 4.00 9.00 6.00 4.00

Drillcon 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 5.00 4.00 5.00 4.00 4.00

OSTO:DRIL vs CTAS, CPRT, ULS: Piotroski F-Score Comparison

For the Specialty Business Services subindustry, Drillcon 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.


Drillcon AB Piotroski F-Score vs Business Services Industry

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

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


OSTO:DRIL
69GF Score
Drillcon AB OSTO:DRIL
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 -4.681 + 0.321 + 6.089 + 1.52 = kr3.2 Mil.
Cash Flow from Operations was 2.133 + -2.725 + 24.429 + 12.563 = kr36.4 Mil.
Revenue was 97.984 + 90.052 + 104.829 + 97.847 = kr390.7 Mil.
Gross Profit was 78.907 + 78.712 + 98.859 + 86.269 = kr342.7 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(369.651 + 382.339 + 379.141 + 406.125 + 419.237) / 5 = kr391.2986 Mil.
Total Assets at the begining of this year (Mar25) was kr369.7 Mil.
Long-Term Debt & Capital Lease Obligation was kr64.8 Mil.
Total Current Assets was kr213.4 Mil.
Total Current Liabilities was kr163.7 Mil.
Net Income was 6.15 + -0.517 + 11.493 + -1.686 = kr15.4 Mil.

Revenue was 115.232 + 81.176 + 112.441 + 101.707 = kr410.6 Mil.
Gross Profit was 110.701 + 72.147 + 99.533 + 84.053 = kr366.4 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(356.436 + 379.278 + 350.341 + 362.81 + 369.651) / 5 = kr363.7032 Mil.
Total Assets at the begining of last year (Mar24) was kr356.4 Mil.
Long-Term Debt & Capital Lease Obligation was kr61.5 Mil.
Total Current Assets was kr204.1 Mil.
Total Current Liabilities was kr121.7 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.

Drillcon AB's current Net Income (TTM) was 3.2. ==> 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.

Drillcon AB's current Cash Flow from Operations (TTM) was 36.4. ==> 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)
=3.249/369.651
=0.00878937

ROA (Last Year)=Net Income/Total Assets (Mar24)
=15.44/356.436
=0.04331773

Drillcon AB's return on assets of this year was 0.00878937. Drillcon AB's return on assets of last year was 0.04331773. ==> 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.

Drillcon AB's current Net Income (TTM) was 3.2. Drillcon AB's current Cash Flow from Operations (TTM) was 36.4. ==> 36.4 > 3.2 ==> 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
=64.783/391.2986
=0.16555899

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=61.46/363.7032
=0.16898394

Drillcon AB's gearing of this year was 0.16555899. Drillcon AB's gearing of last year was 0.16898394. ==> 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
=213.394/163.68
=1.30372678

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=204.106/121.734
=1.67665566

Drillcon AB's current ratio of this year was 1.30372678. Drillcon AB's current ratio of last year was 1.67665566. ==> 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.

Drillcon AB's number of shares in issue this year was 44.6. Drillcon AB's number of shares in issue last year was 42.15. ==> 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
=342.747/390.712
=0.87723694

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=366.434/410.556
=0.8925311

Drillcon AB's gross margin of this year was 0.87723694. Drillcon AB's gross margin of last year was 0.8925311. ==> 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)
=390.712/369.651
=1.05697536

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=410.556/356.436
=1.15183651

Drillcon AB's asset turnover of this year was 1.05697536. Drillcon AB's asset turnover of last year was 1.15183651. ==> 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+0+0+0+0
=4

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

Drillcon 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?
Drillcon AB (OSTO:DRIL) has a Piotroski F-Score of 4 as of Jul. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Drillcon AB and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Drillcon AB's Piotroski F-Score has ranged from 1.00 to 9.00. According to the industry distribution chart, Drillcon AB ranks #742 out of 1064 companies in the Business Services industry, placing it in the top 69.7%.
Is Drillcon AB's Piotroski F-Score too high?
Drillcon 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 1.00 to a high of 9.00. The Business Services industry median Piotroski F-Score is 5.00. Drillcon AB's value of 4 is 20% below this industry median. Based on the distribution chart, Drillcon AB ranks #742 out of 1064 companies in the Business Services industry, which is below the industry midpoint. Overall, Drillcon AB has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Drillcon AB's Piotroski F-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Drillcon AB ranks #742 out of 1064 companies for Piotroski F-Score. This places Drillcon AB in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Drillcon AB's value of 4 is 20% below this benchmark. Historically, Drillcon 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, Drillcon 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,064 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. Drillcon AB's current Piotroski F-Score of 4 is 20% 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 Drillcon 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. Drillcon 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 Drillcon AB stock overvalued right now?
Based on GuruFocus' analysis, Drillcon AB (OSTO:DRIL) is currently considered Modestly Undervalued. The stock's GF Value™ is kr5.01, compared to a current price of kr3.98 — trading 20.6% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Business Services industry median of 5.00. Drillcon AB's overall GF Score™ is 69/100 with 6 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 Drillcon AB (OSTO:DRIL), the current Piotroski F-Score is 4 as of Jul. 03, 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 Drillcon AB (OSTO:DRIL) Overvalued in 2026?

Based on GuruFocus' analysis, Drillcon AB stock appears to be undervalued. The current stock price of kr3.98 is trading 20.6% below its estimated GF Value™ of kr5.01. GuruFocus considers Drillcon AB to be Modestly Undervalued.

Key valuation signals for OSTO:DRIL:

  • Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
  • GF Value™: kr5.01 vs. price of kr3.98 (20.6% below fair value)
  • GF Score™: 69/100 with 6 warning signs
  • Industry Position: 20% below the Business Services median (#742 of 1064)

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


Drillcon AB Business Description

Address Ostra Vagngatan 3B, Orebro, SWE, 702 27
Drillcon AB is a supplier of drilling services in the mining and infrastructure segment. It performs exploration drilling, core drilling, production drilling and raise drilling, mainly in the European market. Its services include core drilling, raiseboring, and infrastructure.
69GF Score

Get the complete analysis for OSTO:DRIL

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

kr3.98
Price
kr5.01
GF Value