VBG Group AB (OSTO:VBG B) Piotroski F-Score: 3 (As of Sep. 15, 2026) — 50% Below Median

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OSTO:VBG B VBG Group AB OSTO:VBG B
95 GF Score
Price kr305.00
GF Value kr319.42
Valuation Fairly Valued
! 4 Warning Signs
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What is VBG Group AB Piotroski F-Score?

VBG Group AB OSTO:VBG B -3.17% 95 Piotroski F-Score is 3 as of Sep. 15, 2026, which is 50% below its 10-year median of 6.00. GuruFocus rates OSTO:VBG B with a GF Score™ of 95/100 and a GF Value™ of kr319.42 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,307 Vehicles & Parts companies, VBG Group AB ranks worse than 86.53% on this metric.

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

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

OSTO:VBG B' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 3

During the past 13 years, the highest Piotroski F-Score of VBG Group AB was 8. The lowest was 3. And the median was 6.

VBG Group AB  (OSTO:VBG B) 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.


VBG Group AB Piotroski F-Score Related Terms


VBG Group AB Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for VBG Group 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.

VBG Group AB Piotroski F-Score Chart

VBG Group 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 6.00 4.00 9.00 6.00 5.00

VBG Group AB Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 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 5.00 4.00 5.00 5.00 5.00

OSTO:VBG B vs ORLY, AZO, GPC: Piotroski F-Score Comparison

For the Auto Parts subindustry, VBG Group 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.


VBG Group AB Piotroski F-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, VBG Group AB's Piotroski F-Score distribution charts can be found below:

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


OSTO:VBG B
95GF Score
VBG Group AB OSTO:VBG B
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 96.7 + 110.9 + 113.2 + 89.7 = kr411 Mil.
Cash Flow from Operations was 135.9 + 283.586 + 92.4 + 7.4 = kr519 Mil.
Revenue was 1367.9 + 1312.5 + 1376.4 + 1480.4 = kr5,537 Mil.
Gross Profit was 427.9 + 395.2 + 445.6 + 429.3 = kr1,698 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(6737.3 + 6997.6 + 7077.471 + 7452 + 7660.1) / 5 = kr7184.8942 Mil.
Total Assets at the begining of this year (Jun25) was kr6,737 Mil.
Long-Term Debt & Capital Lease Obligation was kr1,480 Mil.
Total Current Assets was kr3,412 Mil.
Total Current Liabilities was kr1,139 Mil.
Net Income was 112.3 + 100.7 + 114.5 + 100 = kr428 Mil.

Revenue was 1272.9 + 1277.7 + 1351.3 + 1362.4 = kr5,264 Mil.
Gross Profit was 401.2 + 406.8 + 435.3 + 438.5 = kr1,682 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(6264.7 + 6152.1 + 6428.644 + 6610.4 + 6737.3) / 5 = kr6438.6288 Mil.
Total Assets at the begining of last year (Jun24) was kr6,265 Mil.
Long-Term Debt & Capital Lease Obligation was kr1,255 Mil.
Total Current Assets was kr3,047 Mil.
Total Current Liabilities was kr768 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.

VBG Group AB's current Net Income (TTM) was 411. ==> 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.

VBG Group AB's current Cash Flow from Operations (TTM) was 519. ==> 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)
=410.5/6737.3
=0.06092945

ROA (Last Year)=Net Income/Total Assets (Jun24)
=427.5/6264.7
=0.0682395

VBG Group AB's return on assets of this year was 0.06092945. VBG Group AB's return on assets of last year was 0.0682395. ==> 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.

VBG Group AB's current Net Income (TTM) was 411. VBG Group AB's current Cash Flow from Operations (TTM) was 519. ==> 519 > 411 ==> 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: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun25 to Jun26
=1480.2/7184.8942
=0.20601556

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=1255.3/6438.6288
=0.19496387

VBG Group AB's gearing of this year was 0.20601556. VBG Group AB's gearing of last year was 0.19496387. ==> 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: Jun26)=Total Current Assets/Total Current Liabilities
=3412.3/1139.2
=2.99534761

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=3047.3/768
=3.96783854

VBG Group AB's current ratio of this year was 2.99534761. VBG Group AB's current ratio of last year was 3.96783854. ==> Last year's current ratio is higher ==> Score 0.

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.

VBG Group AB's number of shares in issue this year was 25.004. VBG Group AB's number of shares in issue last year was 25.004. ==> 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
=1698/5537.2
=0.30665318

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1681.8/5264.3
=0.31947267

VBG Group AB's gross margin of this year was 0.30665318. VBG Group AB's gross margin of last year was 0.31947267. ==> 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)
=5537.2/6737.3
=0.82187226

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=5264.3/6264.7
=0.84031159

VBG Group AB's asset turnover of this year was 0.82187226. VBG Group AB's asset turnover of last year was 0.84031159. ==> 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+1+0+0+1+0+0
=4

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

VBG Group AB 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 3 mean?
VBG Group AB (OSTO:VBG B) has a Piotroski F-Score of 3 as of Sep. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on VBG Group AB and its competitors. This is 50% below median its historical median of 6.00. Over the past decade, VBG Group AB's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, VBG Group AB ranks #1131 out of 1307 companies in the Vehicles & Parts industry, placing it in the top 86.5%.
Is VBG Group AB's Piotroski F-Score too high?
VBG Group AB's current Piotroski F-Score of 3 is 50% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Vehicles & Parts industry median Piotroski F-Score is 6.00. VBG Group AB's value of 3 is 50% below this industry median. Based on the distribution chart, VBG Group AB ranks #1131 out of 1307 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, VBG Group AB has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does VBG Group AB's Piotroski F-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, VBG Group AB ranks #1131 out of 1307 companies for Piotroski F-Score. This places VBG Group AB in the lower half of its industry. The industry median Piotroski F-Score is 6.00. VBG Group AB's value of 3 is 50% below this benchmark. Historically, VBG Group AB's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, VBG Group AB has consistently been below 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 Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 6.00, based on 1,307 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. VBG Group AB's current Piotroski F-Score of 3 is 50% below 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 VBG Group AB and its competitors. For the Vehicles & Parts 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. VBG Group AB's current Piotroski F-Score is 3, which is 50% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VBG Group AB stock overvalued right now?
Based on GuruFocus' analysis, VBG Group AB (OSTO:VBG B) is currently considered Fairly Valued. The stock's GF Value™ is kr319.42, compared to a current price of kr305.00 — trading 4.5% below its estimated fair value. The current Piotroski F-Score is 3, which is 50% below median its 10-year median of 6.00 and 50% below the Vehicles & Parts industry median of 6.00. VBG Group AB's overall GF Score™ is 95/100 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 VBG Group AB (OSTO:VBG B), the current Piotroski F-Score is 3 as of Sep. 15, 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 VBG Group AB (OSTO:VBG B) Overvalued in 2026?

Based on GuruFocus' analysis, VBG Group AB stock appears to be undervalued. The current stock price of kr305.00 is trading 4.5% below its estimated GF Value™ of kr319.42. GuruFocus considers VBG Group AB to be Fairly Valued.

Key valuation signals for OSTO:VBG B:

  • Piotroski F-Score: 3 (50% below median its 10-year median of 6.00)
  • GF Value™: kr319.42 vs. price of kr305.00 (4.5% below fair value)
  • GF Score™: 95/100 with 4 warning signs
  • Industry Position: 50% below the Vehicles & Parts median (#1131 of 1307)

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


VBG Group AB Business Description

Other Exchanges 0GXK:UK
Address Kungsgatan 57, Box 1216, Trollhattan, SWE, SE-461 34
VBG Group AB is an international industrial group. The Parent Company VBG Group AB is a long-term owner that provides active management of the Group's three wholly owned divisions through considerable industrial expertise, a strong corporate culture and financial resilience. The Group's divisions - Truck & Trailer Equipment, Mobile Thermal Solutions and Ringfeder Power Transmission - develop, manufacture, market and sell products under strong, well-known brands all over the world.
95GF Score

Get the complete analysis for OSTO:VBG B

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

kr305.00
Price
kr319.42
GF Value