EQL Pharma AB (OSTO:EQL) Piotroski F-Score: 5 (As of Jul. 03, 2026) — 17% Below Median


OSTO:EQL EQL Pharma AB OSTO:EQL
42 GF Score
Price kr23.15
! 4 Warning Signs
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What is EQL Pharma AB Piotroski F-Score?

EQL Pharma AB OSTO:EQL -2.32% 42 Piotroski F-Score is 5 as of Jul. 03, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates OSTO:EQL with a GF Score™ of 42/100. The stock has 4 warning signs investors should review. Among 981 Drug Manufacturers companies, EQL Pharma AB ranks better than 61.57% 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

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

OSTO:EQL' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 6   Max: 7
Current: 5

During the past 13 years, the highest Piotroski F-Score of EQL Pharma AB was 7. The lowest was 1. And the median was 6.

EQL Pharma AB  (OSTO:EQL) 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.


EQL Pharma AB Piotroski F-Score Related Terms


EQL Pharma AB Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for EQL Pharma 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.

EQL Pharma AB Piotroski F-Score Chart

EQL Pharma AB Annual Data
Trend Dec16 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 7.00 1.00 4.00 5.00

EQL Pharma 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 3.00 2.00 2.00 5.00

OSTO:EQL vs ZTS, UTHR: Piotroski F-Score Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, EQL Pharma 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.


EQL Pharma AB Piotroski F-Score vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, EQL Pharma AB's Piotroski F-Score distribution charts can be found below:

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


OSTO:EQL
42GF Score
EQL Pharma AB OSTO:EQL
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 9.829 + -3.364 + 9.787 + -3.715 = kr12.5 Mil.
Cash Flow from Operations was -3.204 + 1.334 + 13.443 + 16.788 = kr28.4 Mil.
Revenue was 107.215 + 86.378 + 118.902 + 120.167 = kr432.7 Mil.
Gross Profit was 46.152 + 32.411 + 50.291 + 33.989 = kr162.8 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(808.823 + 797.279 + 825.181 + 813.537 + 850.887) / 5 = kr819.1414 Mil.
Total Assets at the begining of this year (Mar25) was kr808.8 Mil.
Long-Term Debt & Capital Lease Obligation was kr345.2 Mil.
Total Current Assets was kr403.9 Mil.
Total Current Liabilities was kr210.2 Mil.
Net Income was 10.412 + 9.562 + 10.061 + 13.088 = kr43.1 Mil.

Revenue was 82.789 + 85.248 + 92.222 + 113.256 = kr373.5 Mil.
Gross Profit was 36.981 + 34.722 + 37.742 + 46.508 = kr156.0 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(373.759 + 406.591 + 423.298 + 460.803 + 808.823) / 5 = kr494.6548 Mil.
Total Assets at the begining of last year (Mar24) was kr373.8 Mil.
Long-Term Debt & Capital Lease Obligation was kr341.4 Mil.
Total Current Assets was kr400.3 Mil.
Total Current Liabilities was kr221.0 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.

EQL Pharma AB's current Net Income (TTM) was 12.5. ==> 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.

EQL Pharma AB's current Cash Flow from Operations (TTM) was 28.4. ==> 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)
=12.537/808.823
=0.0155003

ROA (Last Year)=Net Income/Total Assets (Mar24)
=43.123/373.759
=0.11537649

EQL Pharma AB's return on assets of this year was 0.0155003. EQL Pharma AB's return on assets of last year was 0.11537649. ==> 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.

EQL Pharma AB's current Net Income (TTM) was 12.5. EQL Pharma AB's current Cash Flow from Operations (TTM) was 28.4. ==> 28.4 > 12.5 ==> 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
=345.173/819.1414
=0.4213839

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=341.432/494.6548
=0.69024297

EQL Pharma AB's gearing of this year was 0.4213839. EQL Pharma AB's gearing of last year was 0.69024297. ==> 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
=403.871/210.231
=1.92108205

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=400.252/221.018
=1.81094752

EQL Pharma AB's current ratio of this year was 1.92108205. EQL Pharma AB's current ratio of last year was 1.81094752. ==> 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.

EQL Pharma AB's number of shares in issue this year was 30.17. EQL Pharma AB's number of shares in issue last year was 29.896. ==> 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
=162.843/432.662
=0.37637463

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=155.953/373.515
=0.41752808

EQL Pharma AB's gross margin of this year was 0.37637463. EQL Pharma AB's gross margin of last year was 0.41752808. ==> 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)
=432.662/808.823
=0.53492791

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=373.515/373.759
=0.99934717

EQL Pharma AB's asset turnover of this year was 0.53492791. EQL Pharma AB's asset turnover of last year was 0.99934717. ==> 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+1+0+0+0
=5

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

EQL Pharma AB 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?
EQL Pharma AB (OSTO:EQL) has a Piotroski F-Score of 5 as of Jul. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on EQL Pharma AB and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, EQL Pharma AB's Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, EQL Pharma AB ranks #377 out of 981 companies in the Drug Manufacturers industry, placing it in the top 38.4%.
Is EQL Pharma AB's Piotroski F-Score too high?
EQL Pharma AB's current Piotroski F-Score of 5 is 17% 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 7.00. The Drug Manufacturers industry median Piotroski F-Score is 5.00. EQL Pharma AB's value of 5 is 0% at this industry median. Based on the distribution chart, EQL Pharma AB ranks #377 out of 981 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, EQL Pharma AB has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does EQL Pharma AB's Piotroski F-Score compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, EQL Pharma AB ranks #377 out of 981 companies for Piotroski F-Score. This puts EQL Pharma AB in the upper half of its industry. The industry median Piotroski F-Score is 5.00. EQL Pharma AB's value of 5 is 0% at this benchmark. Historically, EQL Pharma AB'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 6.00 vs. the industry median of 5.00, EQL Pharma AB 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 Drug Manufacturers company?
The median Piotroski F-Score among Drug Manufacturers companies is 5.00, based on 981 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. EQL Pharma AB'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 EQL Pharma AB and its competitors. For the Drug Manufacturers 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. EQL Pharma AB's current Piotroski F-Score is 5, which is 17% 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 EQL Pharma AB stock overvalued right now?
EQL Pharma AB (OSTO:EQL) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Drug Manufacturers industry median of 5.00. EQL Pharma AB's overall GF Score™ is 42/100 with 4 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 EQL Pharma AB (OSTO:EQL), the current Piotroski F-Score is 5 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.

EQL Pharma AB Business Description

Other Exchanges 7JK:Germany
Address Stortorget 1, 3rd Floor, Lund, SWE, 222 23
EQL Pharma AB is a pharmaceutical company focused on efficiently and thoughtfully developing and marketing generic drugs. The company operates in one segment, which is medicine. Its niche generics are divided into four parts based on four sales and marketing models: Retail, Hospital, Branded, and Tests. EQL Pharma specializes in identifying, developing, and selling generics, i.e., medicines that are medically equivalent to originator medicines. The company operates in Sweden, Denmark, Norway, Finland, the rest of Europe, and outside Europe, generating the majority of its revenue from Sweden.
42GF Score

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

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