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Lagercrantz Group AB (OSTO:LAGR B) Piotroski F-Score : 3 (As of Jul. 13, 2025)


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What is Lagercrantz Group AB Piotroski F-Score?

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

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

OSTO:LAGR B' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 3

During the past 13 years, the highest Piotroski F-Score of Lagercrantz Group AB was 8. The lowest was 3. And the median was 5.


Lagercrantz Group AB Piotroski F-Score Historical Data

The historical data trend for Lagercrantz Group 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.

* Premium members only.

Lagercrantz Group AB Piotroski F-Score Chart

Lagercrantz Group AB Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 6.00 4.00 5.00 3.00

Lagercrantz Group AB Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 5.00 4.00 6.00 3.00

Competitive Comparison of Lagercrantz Group AB's Piotroski F-Score

For the Conglomerates subindustry, Lagercrantz Group 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.


Lagercrantz Group AB's Piotroski F-Score Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Lagercrantz Group AB's Piotroski F-Score distribution charts can be found below:

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


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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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was 222 + 224 + 267 + 307 = kr1,020 Mil.
Cash Flow from Operations was 235 + 261 + 484 + 342 = kr1,322 Mil.
Revenue was 2253 + 2172 + 2462 + 2503 = kr9,390 Mil.
Gross Profit was 873 + 850 + 951 + 987 = kr3,661 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(9842 + 9905 + 10030 + 10605 + 11222) / 5 = kr10320.8 Mil.
Total Assets at the begining of this year (Mar24) was kr9,842 Mil.
Long-Term Debt & Capital Lease Obligation was kr3,363 Mil.
Total Current Assets was kr3,794 Mil.
Total Current Liabilities was kr2,809 Mil.
Net Income was 209 + 204 + 225 + 240 = kr878 Mil.

Revenue was 2045 + 1871 + 2054 + 2159 = kr8,129 Mil.
Gross Profit was 801 + 744 + 805 + 848 = kr3,198 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(8033 + 8613 + 8606 + 8586 + 9842) / 5 = kr8736 Mil.
Total Assets at the begining of last year (Mar23) was kr8,033 Mil.
Long-Term Debt & Capital Lease Obligation was kr2,599 Mil.
Total Current Assets was kr3,522 Mil.
Total Current Liabilities was kr2,489 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.

Lagercrantz Group AB's current Net Income (TTM) was 1,020. ==> 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.

Lagercrantz Group AB's current Cash Flow from Operations (TTM) was 1,322. ==> 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 (Mar24)
=1020/9842
=0.10363747

ROA (Last Year)=Net Income/Total Assets (Mar23)
=878/8033
=0.10929914

Lagercrantz Group AB's return on assets of this year was 0.10363747. Lagercrantz Group AB's return on assets of last year was 0.10929914. ==> 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.

Lagercrantz Group AB's current Net Income (TTM) was 1,020. Lagercrantz Group AB's current Cash Flow from Operations (TTM) was 1,322. ==> 1,322 > 1,020 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=3363/10320.8
=0.32584683

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=2599/8736
=0.29750458

Lagercrantz Group AB's gearing of this year was 0.32584683. Lagercrantz Group AB's gearing of last year was 0.29750458. ==> 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

Current Ratio (This Year: Mar25)=Total Current Assets/Total Current Liabilities
=3794/2809
=1.3506586

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=3522/2489
=1.41502611

Lagercrantz Group AB's current ratio of this year was 1.3506586. Lagercrantz Group AB's current ratio of last year was 1.41502611. ==> 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.

Lagercrantz Group AB's number of shares in issue this year was 206.741. Lagercrantz Group AB's number of shares in issue last year was 206.387. ==> 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
=3661/9390
=0.38988285

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3198/8129
=0.39340632

Lagercrantz Group AB's gross margin of this year was 0.38988285. Lagercrantz Group AB's gross margin of last year was 0.39340632. ==> 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 (Mar24)
=9390/9842
=0.95407438

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=8129/8033
=1.0119507

Lagercrantz Group AB's asset turnover of this year was 0.95407438. Lagercrantz Group AB's asset turnover of last year was 1.0119507. ==> 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+0+0+0+0+0
=3

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

Lagercrantz Group AB has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Lagercrantz Group AB  (OSTO:LAGR 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.

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.


Lagercrantz Group AB Piotroski F-Score Related Terms

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Lagercrantz Group AB Business Description

Traded in Other Exchanges
Address
Vasagatan 11, 10th floor, Stockholm, SWE, SE-103 69
Lagercrantz Group AB is a Sweden-based company engaged in the provision of products and solutions in the electronics and communications industry. The business activity of the group is divided into segments namely the Electrify, Control, TecSec, Niche Products, and the International segment. Geographically, it operates in the regions of Sweden, Denmark, Norway, Finland, the UK, Germany, and other regions. The firm derives the majority of revenue through the Electrify segment which Offers products and solutions that meet the need for an increasingly electrified and connected society.

Lagercrantz Group AB Headlines

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