Fortinova Fastigheter ABOSTO:FNOVA B -1.24%52 Piotroski F-Score is 5 as of Jun. 28, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates OSTO:FNOVA B with a GF Score™ of 52/100 and a GF Value™ of kr32.10 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,759 Real Estate companies, Fortinova Fastigheter AB ranks better than 61% 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
Fortinova Fastigheter 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 Fortinova Fastigheter AB's Piotroski F-Score or its related term are showing as below:
OSTO:FNOVA B'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 7
Current: 5
During the past 6 years, the highest Piotroski F-Score of Fortinova Fastigheter AB was 7. The lowest was 4. And the median was 6.
Fortinova Fastigheter AB (OSTO:FNOVA B) 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.
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.
Fortinova Fastigheter AB Piotroski F-Score Related Terms
Fortinova Fastigheter AB Piotroski F-Score Historical Data
* 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.
OSTO:FNOVA B vs CBRE, BEKE: Piotroski F-Score Comparison
For the Real Estate Services subindustry, Fortinova Fastigheter 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.
Fortinova Fastigheter AB Piotroski F-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Fortinova Fastigheter AB's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Fortinova Fastigheter AB's Piotroski F-Score falls into.
* 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.
*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.
Fortinova Fastigheter AB's current Net Income (TTM) was 149.9.
==> 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.
Fortinova Fastigheter AB's current Cash Flow from Operations (TTM) was 110.0.
==> 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.
Fortinova Fastigheter AB's return on assets of this year was 0.02832899. Fortinova Fastigheter AB's return on assets of last year was 0.02116879.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Fortinova Fastigheter AB's gearing of this year was 0.44610387. Fortinova Fastigheter AB's gearing of last year was 0.39377066.
==> 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
Fortinova Fastigheter AB's current ratio of this year was 0.47606383. Fortinova Fastigheter AB's current ratio of last year was 0.56836718.
==> 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.
Fortinova Fastigheter AB's number of shares in issue this year was 51.039. Fortinova Fastigheter AB's number of shares in issue last year was 51.335.
==> 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.
Fortinova Fastigheter AB's gross margin of this year was 0.61401777. Fortinova Fastigheter AB's gross margin of last year was 0.61652314.
==> 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
Fortinova Fastigheter AB's asset turnover of this year was 0.07657709. Fortinova Fastigheter AB's asset turnover of last year was 0.07131753.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Fortinova Fastigheter AB has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Fortinova Fastigheter AB (OSTO:FNOVA B) has a Piotroski F-Score of 5 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Fortinova Fastigheter AB and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Fortinova Fastigheter AB's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Fortinova Fastigheter AB ranks #686 out of 1759 companies in the Real Estate industry, placing it in the top 39%.
Is Fortinova Fastigheter AB's Piotroski F-Score too high?
Fortinova Fastigheter 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 4.00 to a high of 7.00. The Real Estate industry median Piotroski F-Score is 5.00. Fortinova Fastigheter AB's value of 5 is 0% at this industry median. Based on the distribution chart, Fortinova Fastigheter AB ranks #686 out of 1759 companies in the Real Estate industry, which is above the industry midpoint. Overall, Fortinova Fastigheter AB has a GF Score™ of 52/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fortinova Fastigheter AB's Piotroski F-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Fortinova Fastigheter AB ranks #686 out of 1759 companies for Piotroski F-Score. This puts Fortinova Fastigheter AB in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Fortinova Fastigheter AB's value of 5 is 0% at this benchmark. Historically, Fortinova Fastigheter AB's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Fortinova Fastigheter 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,759 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. Fortinova Fastigheter 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 Fortinova Fastigheter AB 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. Fortinova Fastigheter 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 Fortinova Fastigheter AB stock overvalued right now?
Based on GuruFocus' analysis, Fortinova Fastigheter AB (OSTO:FNOVA B) is currently considered Modestly Undervalued. The stock's GF Value™ is kr32.10, compared to a current price of kr23.90 — trading 25.5% below its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Real Estate industry median of 5.00. Fortinova Fastigheter AB's overall GF Score™ is 52/100 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 Fortinova Fastigheter AB (OSTO:FNOVA B), the current Piotroski F-Score is 5 as of Jun. 28, 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 Fortinova Fastigheter AB (OSTO:FNOVA B) Overvalued in 2026?
Based on GuruFocus' analysis, Fortinova Fastigheter AB stock appears to be undervalued.
The current stock price of kr23.90 is trading 25.5% below its estimated GF Value™ of kr32.10.
GuruFocus considers Fortinova Fastigheter AB to be Modestly Undervalued.
Key valuation signals for OSTO:FNOVA B:
Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
GF Value™: kr32.10 vs. price of kr23.90 (25.5% below fair value)
Industry Position: 0% at the Real Estate median (#686 of 1759)
No single metric tells the full story. See the OSTO:FNOVA B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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