Tempest Security AB (OSTO:TSEC) Piotroski F-Score: 6 (As of Jul. 16, 2026) — 20% 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:TSEC Tempest Security AB OSTO:TSEC
70 GF Score
Price kr10.90
GF Value kr18.05
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Tempest Security AB Piotroski F-Score?

Tempest Security AB OSTO:TSEC +0.93% 70 Piotroski F-Score is 6 as of Jul. 16, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates OSTO:TSEC with a GF Score™ of 70/100 and a GF Value™ of kr18.05 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,064 Business Services companies, Tempest Security AB ranks better than 72.09% on this metric.

The zones of discrimination were as such:

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

Tempest Security AB has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

OSTO:TSEC' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 7
Current: 6

During the past 11 years, the highest Piotroski F-Score of Tempest Security AB was 7. The lowest was 1. And the median was 5.

Tempest Security AB  (OSTO:TSEC) 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.


Tempest Security AB Piotroski F-Score Related Terms


Tempest Security AB Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Tempest Security 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.

Tempest Security AB Piotroski F-Score Chart

Tempest Security 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 4.00 4.00 7.00 6.00 6.00

Tempest Security AB Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 Premium Member Only 6.00 4.00 4.00 4.00 6.00

OSTO:TSEC vs ALLE, MSA, ADT: Piotroski F-Score Comparison

For the Security & Protection Services subindustry, Tempest Security 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.


Tempest Security AB Piotroski F-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Tempest Security AB's Piotroski F-Score distribution charts can be found below:

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


OSTO:TSEC
70GF Score
Tempest Security AB OSTO:TSEC
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 -2.76 + -8.963 + 1.889 + -0.845 = kr-10.7 Mil.
Cash Flow from Operations was -3.669 + -14.55 + 11.282 + 4.331 = kr-2.6 Mil.
Revenue was 131.569 + 144.996 + 146.333 + 155.333 = kr578.2 Mil.
Gross Profit was 122.635 + 132.937 + 136.939 + 144.626 = kr537.1 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(208.705 + 215.7 + 228.761 + 212.33 + 235.807) / 5 = kr220.2606 Mil.
Total Assets at the begining of this year (Dec24) was kr208.7 Mil.
Long-Term Debt & Capital Lease Obligation was kr20.9 Mil.
Total Current Assets was kr125.6 Mil.
Total Current Liabilities was kr197.2 Mil.
Net Income was 1.091 + -2.841 + -6.229 + -44.588 = kr-52.6 Mil.

Revenue was 116.15 + 134.497 + 112.661 + 122.344 = kr485.7 Mil.
Gross Profit was 105.716 + 118.923 + 102.476 + 113.243 = kr440.4 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was
(241.897 + 252.174 + 273.407 + 225.903 + 208.705) / 5 = kr240.4172 Mil.
Total Assets at the begining of last year (Dec23) was kr241.9 Mil.
Long-Term Debt & Capital Lease Obligation was kr20.8 Mil.
Total Current Assets was kr97.9 Mil.
Total Current Liabilities was kr156.4 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.

Tempest Security AB's current Net Income (TTM) was -10.7. ==> Negative ==> Score 0.

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.

Tempest Security AB's current Cash Flow from Operations (TTM) was -2.6. ==> Negative ==> Score 0.

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)
=-10.679/208.705
=-0.05116792

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-52.567/241.897
=-0.2173115

Tempest Security AB's return on assets of this year was -0.05116792. Tempest Security AB's return on assets of last year was -0.2173115. ==> 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.

Tempest Security AB's current Net Income (TTM) was -10.7. Tempest Security AB's current Cash Flow from Operations (TTM) was -2.6. ==> -2.6 > -10.7 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=20.889/220.2606
=0.09483766

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=20.777/240.4172
=0.08642061

Tempest Security AB's gearing of this year was 0.09483766. Tempest Security AB's gearing of last year was 0.08642061. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=125.582/197.249
=0.63666736

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=97.932/156.407
=0.62613566

Tempest Security AB's current ratio of this year was 0.63666736. Tempest Security AB's current ratio of last year was 0.62613566. ==> 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.

Tempest Security AB's number of shares in issue this year was 10.484. Tempest Security AB's number of shares in issue last year was 10.484. ==> 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
=537.137/578.231
=0.92893152

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=440.358/485.652
=0.90673569

Tempest Security AB's gross margin of this year was 0.92893152. Tempest Security AB's gross margin of last year was 0.90673569. ==> 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)
=578.231/208.705
=2.77056611

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=485.652/241.897
=2.00768096

Tempest Security AB's asset turnover of this year was 2.77056611. Tempest Security AB's asset turnover of last year was 2.00768096. ==> 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
=0+0+1+1+0+1+1+1+1
=6

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

Tempest Security AB has an F-score of 6 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 6 mean?
Tempest Security AB (OSTO:TSEC) has a Piotroski F-Score of 6 as of Jul. 16, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Tempest Security AB and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Tempest Security AB's Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, Tempest Security AB ranks #297 out of 1064 companies in the Business Services industry, placing it in the top 27.9%.
Is Tempest Security AB's Piotroski F-Score too high?
Tempest Security AB's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 7.00. The Business Services industry median Piotroski F-Score is 5.00. Tempest Security AB's value of 6 is 20% above this industry median. Based on the distribution chart, Tempest Security AB ranks #297 out of 1064 companies in the Business Services industry, which is above the industry midpoint. Overall, Tempest Security AB has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tempest Security AB's Piotroski F-Score compare to ALLE and MSA?
According to the Business Services industry distribution chart, Tempest Security AB ranks #297 out of 1064 companies for Piotroski F-Score. This puts Tempest Security AB in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Tempest Security AB's value of 6 is 20% above this benchmark. Historically, Tempest Security AB's own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Tempest Security 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,064 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. Tempest Security AB's current Piotroski F-Score of 6 is 20% 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 Tempest Security AB and its competitors. For the Business Services 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. Tempest Security AB's current Piotroski F-Score is 6, which is 20% 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 Tempest Security AB stock overvalued right now?
Based on GuruFocus' analysis, Tempest Security AB (OSTO:TSEC) is currently considered Possible Value Trap. The stock's GF Value™ is kr18.05, compared to a current price of kr10.90 — trading 39.6% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Business Services industry median of 5.00. Tempest Security AB's overall GF Score™ is 70/100 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 Tempest Security AB (OSTO:TSEC), the current Piotroski F-Score is 6 as of Jul. 16, 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 Tempest Security AB (OSTO:TSEC) Overvalued in 2026?

Based on GuruFocus' analysis, Tempest Security AB stock appears to be undervalued. The current stock price of kr10.90 is trading 39.6% below its estimated GF Value™ of kr18.05. GuruFocus considers Tempest Security AB to be Possible Value Trap.

Key valuation signals for OSTO:TSEC:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: kr18.05 vs. price of kr10.90 (39.6% below fair value)
  • GF Score™: 70/100 with 4 warning signs
  • Industry Position: 20% above the Business Services median (#297 of 1064)

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


Tempest Security AB Business Description

Address Ralambsvagen 17, 18th Floor, Stockholm, SWE, 112 59
Tempest Security AB provides solutions for security, protection, and service. The company has two segments: Security Solutions and Risk Solutions. The company gains the majority of revenue from Security Solutions, where it provides security guards, orderlies, and shop control. Risk Solutions includes Consulting, training, personal protection, and other specialized services. Geographically, the business activities function through the regions of Sweden, Denmark, and the United Kingdom.
70GF Score

Get the complete analysis for OSTO:TSEC

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

kr10.90
Price
kr18.05
GF Value