SHMD (Schmid Group NV) Piotroski F-Score: 4 (As of Aug. 01, 2026) — 20% Below 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.

SHMD Schmid Group NV SHMD
6 GF Score
Price $4.08
! 5 Warning Signs
View Full Analysis

What is Schmid Group NV Piotroski F-Score?

Schmid Group NV SHMD +0.99% 6 Piotroski F-Score is 4 as of Aug. 01, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates SHMD with a GF Score™ of 6/100. The stock has 5 warning signs investors should review. Among 2,960 Industrial Products companies, Schmid Group NV ranks worse than 65.57% 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

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

SHMD' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 4

During the past 6 years, the highest Piotroski F-Score of Schmid Group NV was 8. The lowest was 2. And the median was 5.

Schmid Group NV  (NAS:SHMD) 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.


Schmid Group NV Piotroski F-Score Related Terms


Schmid Group NV Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Schmid Group NV'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.

Schmid Group NV Piotroski F-Score Chart

Schmid Group NV Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A 8.00 5.00 2.00 4.00

Schmid Group NV Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 0.00 2.00 0.00 4.00

SHMD vs OFLX, CEPL, TWIN: Piotroski F-Score Comparison

For the Specialty Industrial Machinery subindustry, Schmid Group NV'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.


Schmid Group NV Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Schmid Group NV's Piotroski F-Score distribution charts can be found below:

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


SHMD
6GF Score
Schmid Group NV SHMD
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 $-83.19 Mil.
Cash Flow from Operations was $1.46 Mil.
Revenue was $78.39 Mil.
Gross Profit was $18.76 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (97.487 + 124.491) / 2 = $110.989 Mil.
Total Assets at the begining of this year (Dec24) was $97.49 Mil.
Long-Term Debt & Capital Lease Obligation was $50.49 Mil.
Total Current Assets was $67.05 Mil.
Total Current Liabilities was $183.40 Mil.
Net Income was $-88.07 Mil.

Revenue was $63.70 Mil.
Gross Profit was $12.61 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (116.229 + 97.487) / 2 = $106.858 Mil.
Total Assets at the begining of last year (Dec23) was $116.23 Mil.
Long-Term Debt & Capital Lease Obligation was $47.36 Mil.
Total Current Assets was $63.67 Mil.
Total Current Liabilities was $105.15 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.

Schmid Group NV's current Net Income (TTM) was -83.19. ==> 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.

Schmid Group NV's current Cash Flow from Operations (TTM) was 1.46. ==> 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)
=-83.187/97.487
=-0.85331378

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-88.074/116.229
=-0.75776269

Schmid Group NV's return on assets of this year was -0.85331378. Schmid Group NV's return on assets of last year was -0.75776269. ==> 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.

Schmid Group NV's current Net Income (TTM) was -83.19. Schmid Group NV's current Cash Flow from Operations (TTM) was 1.46. ==> 1.46 > -83.19 ==> 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
=50.489/110.989
=0.45490094

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=47.364/106.858
=0.44324243

Schmid Group NV's gearing of this year was 0.45490094. Schmid Group NV's gearing of last year was 0.44324243. ==> 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
=67.046/183.398
=0.36557651

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=63.665/105.149
=0.60547414

Schmid Group NV's current ratio of this year was 0.36557651. Schmid Group NV's current ratio of last year was 0.60547414. ==> 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.

Schmid Group NV's number of shares in issue this year was 38.062. Schmid Group NV's number of shares in issue last year was 34.935. ==> 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
=18.755/78.39
=0.23925246

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=12.612/63.703
=0.19798126

Schmid Group NV's gross margin of this year was 0.23925246. Schmid Group NV's gross margin of last year was 0.19798126. ==> 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)
=78.39/97.487
=0.80410721

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=63.703/116.229
=0.5480818

Schmid Group NV's asset turnover of this year was 0.80410721. Schmid Group NV's asset turnover of last year was 0.5480818. ==> 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+1+0+1+0+0+0+1+1
=4

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

Schmid Group NV 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 4 mean?
Schmid Group NV (SHMD) has a Piotroski F-Score of 4 as of Aug. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Schmid Group NV and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Schmid Group NV's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Schmid Group NV ranks #1941 out of 2960 companies in the Industrial Products industry, placing it in the top 65.6%.
Is Schmid Group NV's Piotroski F-Score too high?
Schmid Group NV's current Piotroski F-Score of 4 is 20% below 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 8.00. The Industrial Products industry median Piotroski F-Score is 5.00. Schmid Group NV's value of 4 is 20% below this industry median. Based on the distribution chart, Schmid Group NV ranks #1941 out of 2960 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Schmid Group NV has a GF Score™ of 6/100, reflecting its overall financial health beyond just this single metric.
How does Schmid Group NV's Piotroski F-Score compare to OFLX and CEPL?
According to the Industrial Products industry distribution chart, Schmid Group NV ranks #1941 out of 2960 companies for Piotroski F-Score. This places Schmid Group NV in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Schmid Group NV's value of 4 is 20% below this benchmark. Historically, Schmid Group NV'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 5.00 vs. the industry median of 5.00, Schmid Group NV 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,960 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. Schmid Group NV's current Piotroski F-Score of 4 is 20% 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 Schmid Group NV 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. Schmid Group NV's current Piotroski F-Score is 4, which is 20% below 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 Schmid Group NV stock overvalued right now?
Schmid Group NV (SHMD) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Industrial Products industry median of 5.00. Schmid Group NV's overall GF Score™ is 6/100 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 Schmid Group NV (SHMD), the current Piotroski F-Score is 4 as of Aug. 01, 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.

Schmid Group NV Business Description

Address Robert-Bosch-Street 32-36, Freudenstadt, BW, DEU, 72250
Schmid Group NV is a supplier of equipment, software and services for various industries such as printed circuit board (PCB), substrate manufacturing, photovoltaics, and glass and energy storage with a focus on the highest end of this market in terms of technology and performance. It focuses on a modular product portfolio of machinery to use in the manufacturing of high-end PCB equipment and semiconductor packaging devices which includes common flexible circuit fabrication techniques such as subtractive, semi-additive processes (SAP) and modified semi-additive processes (mSAP).
6GF Score

Get the complete analysis for SHMD

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

$4.08
Price