Neobo Fastigheter AB (OSTO:NEOBO) Piotroski F-Score: 8 (As of Jul. 07, 2026) — 14% Above Median


OSTO:NEOBO Neobo Fastigheter AB OSTO:NEOBO
56 GF Score
Price kr17.26
GF Value kr18.19
Valuation Fairly Valued
! 4 Warning Signs
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What is Neobo Fastigheter AB Piotroski F-Score?

Neobo Fastigheter AB OSTO:NEOBO +0.12% 56 Piotroski F-Score is 8 as of Jul. 07, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates OSTO:NEOBO with a GF Score™ of 56/100 and a GF Value™ of kr18.19 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,755 Real Estate companies, Neobo Fastigheter AB ranks better than 98.63% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

Neobo Fastigheter AB has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Neobo Fastigheter AB's Piotroski F-Score or its related term are showing as below:

OSTO:NEOBO' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 8
Current: 8

During the past 5 years, the highest Piotroski F-Score of Neobo Fastigheter AB was 8. The lowest was 4. And the median was 7.

Neobo Fastigheter AB  (OSTO:NEOBO) 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.


Neobo Fastigheter AB Piotroski F-Score Related Terms


Neobo Fastigheter AB Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Neobo Fastigheter 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.

Neobo Fastigheter AB Piotroski F-Score Chart

Neobo Fastigheter AB Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A 6.00 6.00 8.00

Neobo Fastigheter AB Quarterly Data
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 7.00 6.00 8.00 8.00 8.00

OSTO:NEOBO vs CBRE, BEKE, JLL: Piotroski F-Score Comparison

For the Real Estate Services subindustry, Neobo 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.


Neobo Fastigheter AB Piotroski F-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Neobo Fastigheter AB's Piotroski F-Score distribution charts can be found below:

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


OSTO:NEOBO
56GF Score
Neobo Fastigheter AB OSTO:NEOBO
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was -30 + 62 + 17 + 61 = kr110.0 Mil.
Cash Flow from Operations was 43 + 78 + 33 + 37 = kr191.0 Mil.
Revenue was 236 + 236 + 232 + 233 = kr937.0 Mil.
Gross Profit was 152 + 134 + 118 + 102 = kr506.0 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(14026 + 14011 + 14076 + 13863 + 13861) / 5 = kr13967.4 Mil.
Total Assets at the begining of this year (Mar25) was kr14,026.0 Mil.
Long-Term Debt & Capital Lease Obligation was kr6,697.0 Mil.
Total Current Assets was kr204.0 Mil.
Total Current Liabilities was kr372.0 Mil.
Net Income was -82 + -101 + 18 + 28 = kr-137.0 Mil.

Revenue was 227 + 227 + 227 + 230 = kr911.0 Mil.
Gross Profit was 139 + 133 + 109 + 107 = kr488.0 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(14186 + 14063 + 13949 + 13978 + 14026) / 5 = kr14040.4 Mil.
Total Assets at the begining of last year (Mar24) was kr14,186.0 Mil.
Long-Term Debt & Capital Lease Obligation was kr6,273.0 Mil.
Total Current Assets was kr207.0 Mil.
Total Current Liabilities was kr1,153.0 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.

Neobo Fastigheter AB's current Net Income (TTM) was 110.0. ==> 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.

Neobo Fastigheter AB's current Cash Flow from Operations (TTM) was 191.0. ==> 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.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=110/14026
=0.00784258

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-137/14186
=-0.00965741

Neobo Fastigheter AB's return on assets of this year was 0.00784258. Neobo Fastigheter AB's return on assets of last year was -0.00965741. ==> This year is higher. ==> Score 1.

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.

Neobo Fastigheter AB's current Net Income (TTM) was 110.0. Neobo Fastigheter AB's current Cash Flow from Operations (TTM) was 191.0. ==> 191.0 > 110.0 ==> 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
=6697/13967.4
=0.47947363

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=6273/14040.4
=0.44678214

Neobo Fastigheter AB's gearing of this year was 0.47947363. Neobo Fastigheter AB's gearing of last year was 0.44678214. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=204/372
=0.5483871

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=207/1153
=0.17953166

Neobo Fastigheter AB's current ratio of this year was 0.5483871. Neobo Fastigheter AB's current ratio of last year was 0.17953166. ==> 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.

Neobo Fastigheter AB's number of shares in issue this year was 142.421. Neobo Fastigheter AB's number of shares in issue last year was 145.633. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=506/937
=0.54002134

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=488/911
=0.53567508

Neobo Fastigheter AB's gross margin of this year was 0.54002134. Neobo Fastigheter AB's gross margin of last year was 0.53567508. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=937/14026
=0.06680451

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=911/14186
=0.06421824

Neobo Fastigheter AB's asset turnover of this year was 0.06680451. Neobo Fastigheter AB's asset turnover of last year was 0.06421824. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+0+1+1+1+1
=8

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

Neobo Fastigheter AB has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Neobo Fastigheter AB (OSTO:NEOBO) has a Piotroski F-Score of 8 as of Jul. 07, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Neobo Fastigheter AB and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Neobo Fastigheter AB's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Neobo Fastigheter AB ranks #24 out of 1755 companies in the Real Estate industry, placing it in the top 1.4%.
Is Neobo Fastigheter AB's Piotroski F-Score too high?
Neobo Fastigheter AB's current Piotroski F-Score of 8 is 14% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Real Estate industry median Piotroski F-Score is 5.00. Neobo Fastigheter AB's value of 8 is 60% above this industry median. Based on the distribution chart, Neobo Fastigheter AB ranks #24 out of 1755 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Neobo Fastigheter AB has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Neobo Fastigheter AB's Piotroski F-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Neobo Fastigheter AB ranks #24 out of 1755 companies for Piotroski F-Score. This places Neobo Fastigheter AB in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Neobo Fastigheter AB's value of 8 is 60% above this benchmark. Historically, Neobo Fastigheter AB's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Neobo Fastigheter AB 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,755 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. Neobo Fastigheter AB's current Piotroski F-Score of 8 is 60% 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 Neobo 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. Neobo Fastigheter AB's current Piotroski F-Score is 8, which is 14% above 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 Neobo Fastigheter AB stock overvalued right now?
Based on GuruFocus' analysis, Neobo Fastigheter AB (OSTO:NEOBO) is currently considered Fairly Valued. The stock's GF Value™ is kr18.19, compared to a current price of kr17.26 — trading 5.1% below its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 60% above the Real Estate industry median of 5.00. Neobo Fastigheter AB's overall GF Score™ is 56/100 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 Neobo Fastigheter AB (OSTO:NEOBO), the current Piotroski F-Score is 8 as of Jul. 07, 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 Neobo Fastigheter AB (OSTO:NEOBO) Overvalued in 2026?

Based on GuruFocus' analysis, Neobo Fastigheter AB stock appears to be undervalued. The current stock price of kr17.26 is trading 5.1% below its estimated GF Value™ of kr18.19. GuruFocus considers Neobo Fastigheter AB to be Fairly Valued.

Key valuation signals for OSTO:NEOBO:

  • Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
  • GF Value™: kr18.19 vs. price of kr17.26 (5.1% below fair value)
  • GF Score™: 56/100 with 4 warning signs
  • Industry Position: 60% above the Real Estate median (#24 of 1755)

No single metric tells the full story. See the OSTO:NEOBO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Neobo Fastigheter AB Business Description

Other Exchanges 4M2B:Germany
Address Master Samuelsgatan 42, Stockholm, SWE, 111 57
Neobo Fastigheter AB is a real estate company that long-term manages and refines rental properties in the majority of growth municipalities throughout Sweden. The company's business concept is to manage and improve housing in municipalities with population growth, a good employment rate and a stable rental market.
56GF Score

Get the complete analysis for OSTO:NEOBO

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

kr17.26
Price
kr18.19
GF Value