Seafire AB (OSTO:SEAF) Piotroski F-Score: 7 (As of Jul. 19, 2026) — 40% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

OSTO:SEAF Seafire AB OSTO:SEAF
64 GF Score
Price kr7.14
GF Value kr6.42
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Seafire AB Piotroski F-Score?

Seafire AB OSTO:SEAF +2.00% 64 Piotroski F-Score is 7 as of Jul. 19, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates OSTO:SEAF with a GF Score™ of 64/100 and a GF Value™ of kr6.42 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,594 Asset Management companies, Seafire AB ranks better than 92.66% 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

Seafire AB has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

OSTO:SEAF' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of Seafire AB was 7. The lowest was 2. And the median was 5.

Seafire AB  (OSTO:SEAF) 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.


Seafire AB Piotroski F-Score Related Terms


Seafire AB Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Seafire 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.

Seafire AB Piotroski F-Score Chart

Seafire AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 7.00 3.00 6.00 6.00

Seafire AB Quarterly Data
Jun21 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 Premium Member Only 6.00 7.00 6.00 6.00 7.00

OSTO:SEAF vs BLK, BX, KKR: Piotroski F-Score Comparison

For the Asset Management subindustry, Seafire 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.


Seafire AB Piotroski F-Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Seafire AB's Piotroski F-Score distribution charts can be found below:

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


OSTO:SEAF
64GF Score
Seafire AB OSTO:SEAF
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 2 + 9 + -8 + -1 = kr2.0 Mil.
Cash Flow from Operations was 30 + -9 + 22 + 1 = kr44.0 Mil.
Revenue was 266 + 223 + 234 + 212 = kr935.0 Mil.
Gross Profit was 57 + 54 + 42 + 47 = kr200.0 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1134 + 1136 + 1111 + 1075 + 1062) / 5 = kr1103.6 Mil.
Total Assets at the begining of this year (Mar25) was kr1,134.0 Mil.
Long-Term Debt & Capital Lease Obligation was kr145.0 Mil.
Total Current Assets was kr344.0 Mil.
Total Current Liabilities was kr282.0 Mil.
Net Income was -28 + -4 + -97 + -7 = kr-136.0 Mil.

Revenue was 264 + 211 + 211 + 207 = kr893.0 Mil.
Gross Profit was 60 + 47 + 37 + 43 = kr187.0 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1353 + 1288 + 1263 + 1154 + 1134) / 5 = kr1238.4 Mil.
Total Assets at the begining of last year (Mar24) was kr1,353.0 Mil.
Long-Term Debt & Capital Lease Obligation was kr20.0 Mil.
Total Current Assets was kr384.0 Mil.
Total Current Liabilities was kr445.0 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.

Seafire AB's current Net Income (TTM) was 2.0. ==> 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.

Seafire AB's current Cash Flow from Operations (TTM) was 44.0. ==> 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)
=2/1134
=0.00176367

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-136/1353
=-0.10051737

Seafire AB's return on assets of this year was 0.00176367. Seafire AB's return on assets of last year was -0.10051737. ==> 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.

Seafire AB's current Net Income (TTM) was 2.0. Seafire AB's current Cash Flow from Operations (TTM) was 44.0. ==> 44.0 > 2.0 ==> 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
=145/1103.6
=0.13138818

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=20/1238.4
=0.01614987

Seafire AB's gearing of this year was 0.13138818. Seafire AB's gearing of last year was 0.01614987. ==> 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
=344/282
=1.21985816

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=384/445
=0.86292135

Seafire AB's current ratio of this year was 1.21985816. Seafire AB's current ratio of last year was 0.86292135. ==> 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.

Seafire AB's number of shares in issue this year was 42.956. Seafire AB's number of shares in issue last year was 42.847. ==> 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
=200/935
=0.21390374

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=187/893
=0.20940649

Seafire AB's gross margin of this year was 0.21390374. Seafire AB's gross margin of last year was 0.20940649. ==> 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)
=935/1134
=0.82451499

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=893/1353
=0.66001478

Seafire AB's asset turnover of this year was 0.82451499. Seafire AB's asset turnover of last year was 0.66001478. ==> 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+0+1+1
=7

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

Seafire AB has an F-score of 7. 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 7 mean?
Seafire AB (OSTO:SEAF) has a Piotroski F-Score of 7 as of Jul. 19, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Seafire AB and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, Seafire AB's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Seafire AB ranks #117 out of 1594 companies in the Asset Management industry, placing it in the top 7.3%.
Is Seafire AB's Piotroski F-Score too high?
Seafire AB's current Piotroski F-Score of 7 is 40% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Asset Management industry median Piotroski F-Score is 5.00. Seafire AB's value of 7 is 40% above this industry median. Based on the distribution chart, Seafire AB ranks #117 out of 1594 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Seafire AB has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Seafire AB's Piotroski F-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Seafire AB ranks #117 out of 1594 companies for Piotroski F-Score. This places Seafire AB in the top 7% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Seafire AB's value of 7 is 40% above this benchmark. Historically, Seafire AB's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Seafire 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 an Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,594 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. Seafire AB's current Piotroski F-Score of 7 is 40% 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 Seafire AB and its competitors. For the Asset Management 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. Seafire AB's current Piotroski F-Score is 7, which is 40% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Seafire AB stock overvalued right now?
Based on GuruFocus' analysis, Seafire AB (OSTO:SEAF) is currently considered Modestly Overvalued. The stock's GF Value™ is kr6.42, compared to a current price of kr7.14 — trading 11.2% above its estimated fair value. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 40% above the Asset Management industry median of 5.00. Seafire AB's overall GF Score™ is 64/100 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 Seafire AB (OSTO:SEAF), the current Piotroski F-Score is 7 as of Jul. 19, 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 Seafire AB (OSTO:SEAF) Overvalued in 2026?

Based on GuruFocus' analysis, Seafire AB stock appears to be overvalued. The current stock price of kr7.14 is trading 11.2% above its estimated GF Value™ of kr6.42. GuruFocus considers Seafire AB to be Modestly Overvalued.

Key valuation signals for OSTO:SEAF:

  • Piotroski F-Score: 7 (40% above median its 10-year median of 5.00)
  • GF Value™: kr6.42 vs. price of kr7.14 (11.2% above fair value)
  • GF Score™: 64/100 with 4 warning signs
  • Industry Position: 40% above the Asset Management median (#117 of 1594)

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


Seafire AB Business Description

Address Master Samuelsgatan 9, Stockholm, SWE, SE-111 44
Seafire AB is a Sweden-based company engaged in acquiring and developing companies with business models, market positions, and brands. The company has two business segments: Industrial components and Products. The Industrial components, which generate the majority of revenue, include Bara Mineraler AB, Farg-in AB, Pexymek AB, Thor Ahlgren AB, Akerstedts Verkstads AB, DOFAB AB, Kenpo Sandwich, and Boro-Pannan AB. The products segment includes Luda.Farm AB, Nordbutiker AB, SolidEngineer AB, and OPO Scandinavia AB. Geographically, the company generates the majority of its revenue from Sweden.
64GF Score

Get the complete analysis for OSTO:SEAF

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

kr7.14
Price
kr6.42
GF Value