Zaptec ASAOSTO:ZAPO +0.50%68 Piotroski F-Score is 8 as of Jul. 07, 2026, which is 100% above its 10-year median of 4.00. GuruFocus rates OSTO:ZAPO with a GF Score™ of 68/100. The stock has 6 warning signs investors should review. Among 2,977 Industrial Products companies, Zaptec ASA ranks better than 97.92% 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
Zaptec ASA 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 Zaptec ASA's Piotroski F-Score or its related term are showing as below:
OSTO:ZAPo'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 8
Current: 8
During the past 9 years, the highest Piotroski F-Score of Zaptec ASA was 8. The lowest was 2. And the median was 4.
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.
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.
Zaptec ASA Piotroski F-Score Related Terms
Zaptec ASA Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Zaptec ASA'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.
OSTO:ZAPO vs VRT, BE: Piotroski F-Score Comparison
For the Electrical Equipment & Parts subindustry, Zaptec ASA'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.
Zaptec ASA Piotroski F-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Zaptec ASA's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Zaptec ASA's Piotroski F-Score falls into.
* 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.
*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.
Zaptec ASA's current Net Income (TTM) was 80.
==> 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.
Zaptec ASA's return on assets of this year was 0.06988174. Zaptec ASA's return on assets of last year was -0.00129564.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Zaptec ASA's current ratio of this year was 2.42014499. Zaptec ASA's current ratio of last year was 2.33576147.
==> 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.
Zaptec ASA's number of shares in issue this year was 87.407. Zaptec ASA's number of shares in issue last year was 87.625.
==> 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.
Zaptec ASA's gross margin of this year was 0.41061191. Zaptec ASA's gross margin of last year was 0.38992456.
==> 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
Zaptec ASA's asset turnover of this year was 1.4288939. Zaptec ASA's asset turnover of last year was 1.01956656.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Zaptec ASA has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Zaptec ASA (OSTO:ZAPO) 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 Zaptec ASA and its competitors. This is 100% above median its historical median of 4.00. Over the past decade, Zaptec ASA's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Zaptec ASA ranks #62 out of 2977 companies in the Industrial Products industry, placing it in the top 2.1%.
Is Zaptec ASA's Piotroski F-Score too high?
Zaptec ASA's current Piotroski F-Score of 8 is 100% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Industrial Products industry median Piotroski F-Score is 5.00. Zaptec ASA's value of 8 is 60% above this industry median. Based on the distribution chart, Zaptec ASA ranks #62 out of 2977 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Zaptec ASA has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Zaptec ASA's Piotroski F-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Zaptec ASA ranks #62 out of 2977 companies for Piotroski F-Score. This places Zaptec ASA in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Zaptec ASA's value of 8 is 60% above this benchmark. Historically, Zaptec ASA's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Zaptec ASA 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 Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,977 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. Zaptec ASA'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 Zaptec ASA and its competitors. For the Industrial Products 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. Zaptec ASA's current Piotroski F-Score is 8, which is 100% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zaptec ASA stock overvalued right now?
Zaptec ASA (OSTO:ZAPO) has a current Piotroski F-Score of 8. The current Piotroski F-Score is 8, which is 100% above median its 10-year median of 4.00 and 60% above the Industrial Products industry median of 5.00. Zaptec ASA's overall GF Score™ is 68/100 with 6 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 Zaptec ASA (OSTO:ZAPO), 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.
Zaptec ASA is a technology company within Electronic vehicle (EV) charging systems in Europe. The company develops EV charging systems for multi and single-family homes and office buildings. The product portfolio enables a large number of charging points at a low cost and includes Zaptec Pro, Zaptec Go, Charge365 payment services, Charging columns, Zaptec Portal, and Zaptec APM. The company accelerates the electrification of the transport sector to assist European countries in reducing CO2 emissions from light-duty cars.
68GF Score
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