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Heliospectra ABOSTO:HELIO +1.08% Piotroski F-Score is 3 as of Jul. 23, 2026, which is 25% below its 10-year median of 4.00. The stock has 4 warning signs investors should review. Among 2,970 Industrial Products companies, Heliospectra AB ranks worse than 82.39% on this metric.
Warning Sign:
Piotroski F-Score of 3 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Heliospectra AB has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Heliospectra AB's Piotroski F-Score or its related term are showing as below:
OSTO:HELIO'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 6
Current: 3
During the past 13 years, the highest Piotroski F-Score of Heliospectra AB was 6. The lowest was 2. And the median was 4.
Heliospectra AB (OSTO:HELIO) 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.
Heliospectra AB Piotroski F-Score Related Terms
Heliospectra AB Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Heliospectra 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.
OSTO:HELIO vs VRT, BE: Piotroski F-Score Comparison
For the Electrical Equipment & Parts subindustry, Heliospectra 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.
Heliospectra AB Piotroski F-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Heliospectra AB's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Heliospectra 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.
Heliospectra AB's current Net Income (TTM) was -42.21.
==> Negative ==> Score 0.
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.
Heliospectra AB's return on assets of this year was -0.79112785. Heliospectra AB's return on assets of last year was -0.59890338.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Heliospectra AB's current ratio of this year was 2.7017524. Heliospectra AB's current ratio of last year was .
==> 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.
Heliospectra AB's number of shares in issue this year was 603.452. Heliospectra AB's number of shares in issue last year was 232.488.
==> 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.
Heliospectra AB's gross margin of this year was 0.1888167. Heliospectra AB's gross margin of last year was 0.17691967.
==> This year's gross margin is higher. ==> Score 1.
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
Heliospectra AB's asset turnover of this year was 0.59425016. Heliospectra AB's asset turnover of last year was 0.62466019.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Heliospectra AB has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Heliospectra AB (OSTO:HELIO) has a Piotroski F-Score of 3 as of Jul. 23, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Heliospectra AB and its competitors. This is 25% below median its historical median of 4.00. Over the past decade, Heliospectra AB's Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Heliospectra AB ranks #2447 out of 2970 companies in the Industrial Products industry, placing it in the top 82.4%.
Is Heliospectra AB's Piotroski F-Score too high?
Heliospectra AB's current Piotroski F-Score of 3 is 25% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 6.00. The Industrial Products industry median Piotroski F-Score is 5.00. Heliospectra AB's value of 3 is 40% below this industry median. Based on the distribution chart, Heliospectra AB ranks #2447 out of 2970 companies in the Industrial Products industry, which is in the bottom quartile relative to peers.
How does Heliospectra AB's Piotroski F-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Heliospectra AB ranks #2447 out of 2970 companies for Piotroski F-Score. This places Heliospectra AB in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Heliospectra AB's value of 3 is 40% below this benchmark. Historically, Heliospectra AB's own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Heliospectra 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,970 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. Heliospectra AB's current Piotroski F-Score of 3 is 40% 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 Heliospectra AB and its competitors. For the Industrial Products 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. Heliospectra AB's current Piotroski F-Score is 3, which is 25% below 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 Heliospectra AB stock overvalued right now?
Based on GuruFocus' analysis, Heliospectra AB (OSTO:HELIO) is currently considered Modestly Undervalued. The stock's GF Value™ is kr0.11, compared to a current price of kr0.09 — trading 14.5% below its estimated fair value. The current Piotroski F-Score is 3, which is 25% below median its 10-year median of 4.00 and 40% below the Industrial Products industry median of 5.00. 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 Heliospectra AB (OSTO:HELIO), the current Piotroski F-Score is 3 as of Jul. 23, 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.
Heliospectra AB is engaged in the development of lighting systems for controlled environments using light-emitting diode technology. The company's offering is targeted at greenhouses and indoor growers of medicinal plants, foodstuffs, herbs, and microgreens, and academic and agtech researchers. The offering consists of total solutions that rest on three pillars: Lighting, control systems marketed under the brand name helioCORE, and services marketed under the brand name helioCARE.
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