Solnaberg Property AB (OSTO:SOLNA) Piotroski F-Score: 8 (As of Jul. 25, 2026) — 14% Above Median

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OSTO:SOLNA Solnaberg Property AB OSTO:SOLNA
60 GF Score
Price kr115.50
GF Value kr124.38
Valuation Fairly Valued
! 5 Warning Signs
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What is Solnaberg Property AB Piotroski F-Score?

Solnaberg Property AB OSTO:SOLNA 60 Piotroski F-Score is 8 as of Jul. 25, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates OSTO:SOLNA with a GF Score™ of 60/100 and a GF Value™ of kr124.38 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,752 Real Estate companies, Solnaberg Property AB ranks better than 98.69% 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

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

OSTO:SOLNA' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 8
Current: 8

During the past 10 years, the highest Piotroski F-Score of Solnaberg Property AB was 8. The lowest was 5. And the median was 7.

Solnaberg Property AB  (OSTO:SOLNA) 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.


Solnaberg Property AB Piotroski F-Score Related Terms


Solnaberg Property AB Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Solnaberg Property 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.

Solnaberg Property AB Piotroski F-Score Chart

Solnaberg Property 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 7.00 5.00 7.00 6.00 8.00

Solnaberg Property AB Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 6.00 0.00 8.00

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

For the Real Estate Services subindustry, Solnaberg Property 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.


Solnaberg Property AB Piotroski F-Score vs Real Estate Industry

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

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


OSTO:SOLNA
60GF Score
Solnaberg Property AB OSTO:SOLNA
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was kr47.57 Mil.
Cash Flow from Operations was kr43.48 Mil.
Revenue was kr83.33 Mil.
Gross Profit was kr63.11 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (1303.683 + 1342.796) / 2 = kr1323.2395 Mil.
Total Assets at the begining of this year (Dec24) was kr1,303.68 Mil.
Long-Term Debt & Capital Lease Obligation was kr553.35 Mil.
Total Current Assets was kr42.80 Mil.
Total Current Liabilities was kr37.95 Mil.
Net Income was kr31.35 Mil.

Revenue was kr80.97 Mil.
Gross Profit was kr61.28 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (1279.855 + 1303.683) / 2 = kr1291.769 Mil.
Total Assets at the begining of last year (Dec23) was kr1,279.86 Mil.
Long-Term Debt & Capital Lease Obligation was kr552.80 Mil.
Total Current Assets was kr30.68 Mil.
Total Current Liabilities was kr31.20 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.

Solnaberg Property AB's current Net Income (TTM) was 47.57. ==> 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.

Solnaberg Property AB's current Cash Flow from Operations (TTM) was 43.48. ==> 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 (Dec24)
=47.568/1303.683
=0.0364874

ROA (Last Year)=Net Income/Total Assets (Dec23)
=31.354/1279.855
=0.02449809

Solnaberg Property AB's return on assets of this year was 0.0364874. Solnaberg Property AB's return on assets of last year was 0.02449809. ==> 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.

Solnaberg Property AB's current Net Income (TTM) was 47.57. Solnaberg Property AB's current Cash Flow from Operations (TTM) was 43.48. ==> 43.48 <= 47.57 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=553.354/1323.2395
=0.41818129

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=552.799/1291.769
=0.42793952

Solnaberg Property AB's gearing of this year was 0.41818129. Solnaberg Property AB's gearing of last year was 0.42793952. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=42.796/37.946
=1.12781321

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=30.683/31.196
=0.98355558

Solnaberg Property AB's current ratio of this year was 1.12781321. Solnaberg Property AB's current ratio of last year was 0.98355558. ==> 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.

Solnaberg Property AB's number of shares in issue this year was 3.76. Solnaberg Property AB's number of shares in issue last year was 3.76. ==> 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
=63.108/83.325
=0.75737174

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=61.278/80.966
=0.7568362

Solnaberg Property AB's gross margin of this year was 0.75737174. Solnaberg Property AB's gross margin of last year was 0.7568362. ==> 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 (Dec24)
=83.325/1303.683
=0.06391508

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=80.966/1279.855
=0.06326185

Solnaberg Property AB's asset turnover of this year was 0.06391508. Solnaberg Property AB's asset turnover of last year was 0.06326185. ==> 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+0+1+1+1+1+1
=8

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

Solnaberg Property 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?
Solnaberg Property AB (OSTO:SOLNA) has a Piotroski F-Score of 8 as of Jul. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Solnaberg Property AB and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Solnaberg Property AB's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Solnaberg Property AB ranks #23 out of 1752 companies in the Real Estate industry, placing it in the top 1.3%.
Is Solnaberg Property AB's Piotroski F-Score too high?
Solnaberg Property 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 5.00 to a high of 8.00. The Real Estate industry median Piotroski F-Score is 5.00. Solnaberg Property AB's value of 8 is 60% above this industry median. Based on the distribution chart, Solnaberg Property AB ranks #23 out of 1752 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Solnaberg Property AB has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Solnaberg Property AB's Piotroski F-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Solnaberg Property AB ranks #23 out of 1752 companies for Piotroski F-Score. This places Solnaberg Property AB in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Solnaberg Property AB's value of 8 is 60% above this benchmark. Historically, Solnaberg Property AB's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Solnaberg Property 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 1,752 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. Solnaberg Property 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 Solnaberg Property 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. Solnaberg Property 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 Solnaberg Property AB stock overvalued right now?
Based on GuruFocus' analysis, Solnaberg Property AB (OSTO:SOLNA) is currently considered Fairly Valued. The stock's GF Value™ is kr124.38, compared to a current price of kr115.50 — trading 7.1% 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. Solnaberg Property AB's overall GF Score™ is 60/100 with 5 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 Solnaberg Property AB (OSTO:SOLNA), the current Piotroski F-Score is 8 as of Jul. 25, 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 Solnaberg Property AB (OSTO:SOLNA) Overvalued in 2026?

Based on GuruFocus' analysis, Solnaberg Property AB stock appears to be undervalued. The current stock price of kr115.50 is trading 7.1% below its estimated GF Value™ of kr124.38. GuruFocus considers Solnaberg Property AB to be Fairly Valued.

Key valuation signals for OSTO:SOLNA:

  • Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
  • GF Value™: kr124.38 vs. price of kr115.50 (7.1% below fair value)
  • GF Score™: 60/100 with 5 warning signs
  • Industry Position: 60% above the Real Estate median (#23 of 1752)

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


Solnaberg Property AB Business Description

Address C/o Wilfast Forvaltning AB, Stora Badhusgatan 28A, Gothenburg, SWE, 411 21
Solnaberg Property AB is a Sweden-based company involved in the real estate sector. It owns the property Solna Bladet 3 which comprises four combined office buildings. The property is in Bergshamra, a district in eastern Solna.
60GF Score

Get the complete analysis for OSTO:SOLNA

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

kr115.50
Price
kr124.38
GF Value