Meds Apotek AB (publ) (OSTO:MEDS) Piotroski F-Score: 7 (As of Jul. 21, 2026) — Near Median

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OSTO:MEDS Meds Apotek AB (publ) OSTO:MEDS
11 GF Score
Price kr21.30
! 2 Warning Signs
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What is Meds Apotek AB (publ) Piotroski F-Score?

Meds Apotek AB (publ) OSTO:MEDS +3.90% 11 Piotroski F-Score is 7 as of Jul. 21, 2026, which is at its 10-year median of 7.00. GuruFocus rates OSTO:MEDS with a GF Score™ of 11/100. The stock has 2 warning signs investors should review. Among 1,099 Retail - Cyclical companies, Meds Apotek AB (publ) ranks better than 90.99% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Meds Apotek AB (publ) 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 Meds Apotek AB (publ)'s Piotroski F-Score or its related term are showing as below:

OSTO:MEDS' s Piotroski F-Score Range Over the Past 10 Years
Min: 7   Med: 7   Max: 7
Current: 7

During the past 4 years, the highest Piotroski F-Score of Meds Apotek AB (publ) was 7. The lowest was 7. And the median was 7.

Meds Apotek AB (publ)  (OSTO:MEDS) 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.


Meds Apotek AB (publ) Piotroski F-Score Related Terms


Meds Apotek AB (publ) Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Meds Apotek AB (publ)'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.

Meds Apotek AB (publ) Piotroski F-Score Chart

Meds Apotek AB (publ) Annual Data
Trend Dec21 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A N/A N/A

Meds Apotek AB (publ) Quarterly Data
Dec21 Jun22 Dec23 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.00 N/A N/A 7.00 0.00

OSTO:MEDS vs AMZN, BABA, PDD: Piotroski F-Score Comparison

For the Internet Retail subindustry, Meds Apotek AB (publ)'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.


Meds Apotek AB (publ) Piotroski F-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Meds Apotek AB (publ)'s Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Meds Apotek AB (publ)'s Piotroski F-Score falls into.


OSTO:MEDS
11GF Score
Meds Apotek AB (publ) OSTO:MEDS
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 (Jun26) TTM:Last Year (Jun25) TTM:
Net Income was -5.784 + 9.813 + 5.267 + 5.666 = kr15 Mil.
Cash Flow from Operations was 25.893 + -47.258 + 35.266 + -0.339 = kr14 Mil.
Revenue was 248.638 + 257.645 + 269.939 + 303.572 = kr1,080 Mil.
Gross Profit was 68.355 + 68.712 + 74.986 + 82.356 = kr294 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(0 + 276.398 + 270.703 + 287.063 + 274.506) / 5 = kr277.1675 Mil.
Total Assets at the begining of this year (Jun25) was kr0 Mil.
Long-Term Debt & Capital Lease Obligation was kr0 Mil.
Total Current Assets was kr234 Mil.
Total Current Liabilities was kr133 Mil.
Net Income was -0.852 + -0.153 + 5.42 + -1.723 = kr3 Mil.

Revenue was 204.502 + 223.29 + 241.899 + 258.211 = kr928 Mil.
Gross Profit was 57.528 + 62.632 + 68.37 + 72.748 = kr261 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Jun25) was
(216.313 + 0 + 208.164 + 0 + 0) / 5 = kr212.2385 Mil.
Total Assets at the begining of last year (Dec23) was kr216 Mil.
Long-Term Debt & Capital Lease Obligation was kr0 Mil.
Total Current Assets was kr0 Mil.
Total Current Liabilities was kr0 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.

Meds Apotek AB (publ)'s current Net Income (TTM) was 15. ==> 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.

Meds Apotek AB (publ)'s current Cash Flow from Operations (TTM) was 14. ==> 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 (Jun25)
=14.962/0
=

ROA (Last Year)=Net Income/Total Assets (Dec23)
=2.692/216.313
=0.01244493

Meds Apotek AB (publ)'s return on assets of this year was . Meds Apotek AB (publ)'s return on assets of last year was 0.01244493. ==> 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.

Meds Apotek AB (publ)'s current Net Income (TTM) was 15. Meds Apotek AB (publ)'s current Cash Flow from Operations (TTM) was 14. ==> 14 <= 15 ==> CFROA <= ROA ==> Score 0.

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: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun25 to Jun26
=0/277.1675
=0

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Jun25
=0/212.2385
=0

Meds Apotek AB (publ)'s gearing of this year was 0. Meds Apotek AB (publ)'s gearing of last year was 0. ==> 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: Jun26)=Total Current Assets/Total Current Liabilities
=233.728/133.334
=1.75295124

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=0/0
=

Meds Apotek AB (publ)'s current ratio of this year was 1.75295124. Meds Apotek AB (publ)'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.

Meds Apotek AB (publ)'s number of shares in issue this year was 18.572. Meds Apotek AB (publ)'s number of shares in issue last year was 17.251. ==> 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
=294.409/1079.794
=0.27265293

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=261.278/927.902
=0.2815793

Meds Apotek AB (publ)'s gross margin of this year was 0.27265293. Meds Apotek AB (publ)'s gross margin of last year was 0.2815793. ==> 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 (Jun25)
=1079.794/0
=

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=927.902/216.313
=4.28962661

Meds Apotek AB (publ)'s asset turnover of this year was . Meds Apotek AB (publ)'s asset turnover of last year was 4.28962661. ==> 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+0+1+1+0+0+0
=4

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

Meds Apotek AB (publ) 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 7 mean?
Meds Apotek AB (publ) (OSTO:MEDS) has a Piotroski F-Score of 7 as of Jul. 21, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Meds Apotek AB (publ) and its competitors. This is near median its historical median of 7.00. Over the past decade, Meds Apotek AB (publ)'s Piotroski F-Score has ranged from 7.00 to 7.00. According to the industry distribution chart, Meds Apotek AB (publ) ranks #99 out of 1099 companies in the Retail - Cyclical industry, placing it in the top 9%.
Is Meds Apotek AB (publ)'s Piotroski F-Score too high?
Meds Apotek AB (publ)'s current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 7.00 to a high of 7.00. The Retail - Cyclical industry median Piotroski F-Score is 6.00. Meds Apotek AB (publ)'s value of 7 is 16.7% above this industry median. Based on the distribution chart, Meds Apotek AB (publ) ranks #99 out of 1099 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Meds Apotek AB (publ) has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Meds Apotek AB (publ)'s Piotroski F-Score compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Meds Apotek AB (publ) ranks #99 out of 1099 companies for Piotroski F-Score. This places Meds Apotek AB (publ) in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Meds Apotek AB (publ)'s value of 7 is 16.7% above this benchmark. Historically, Meds Apotek AB (publ)'s own Piotroski F-Score has ranged from 7.00 to 7.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 6.00, Meds Apotek AB (publ) has consistently been above 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 Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 6.00, based on 1,099 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. Meds Apotek AB (publ)'s current Piotroski F-Score of 7 is 16.7% above 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 Meds Apotek AB (publ) and its competitors. For the Retail - Cyclical industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meds Apotek AB (publ)'s current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meds Apotek AB (publ) stock overvalued right now?
Meds Apotek AB (publ) (OSTO:MEDS) has a current Piotroski F-Score of 7. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 16.7% above the Retail - Cyclical industry median of 6.00. Meds Apotek AB (publ)'s overall GF Score™ is 11/100 with 2 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 Meds Apotek AB (publ) (OSTO:MEDS), the current Piotroski F-Score is 7 as of Jul. 21, 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.

Meds Apotek AB (publ) Business Description

Address Elektravagen 26, Port 136, Hagersten, Stockholm, SWE, 12630
Meds Apotek AB (publ) is a full-scale online pharmacy that sells prescription and over-the-counter medicines with permission from the Medical Products Agency, the Swedish Food Agency and the E-Health Agency. The company's pharmacy products include everything in health, well-being, dietary supplements, beauty products, children's products, fitness products, food and drink and home & household products.
11GF Score

Get the complete analysis for OSTO:MEDS

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

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