The Artisanal Spirits CoSTU:045 -1.89%25 Piotroski F-Score is 3 as of Jun. 26, 2026, which is 25% below its 10-year median of 4.00. GuruFocus rates STU:045 with a GF Score™ of 25/100 and a GF Value™ of €0.45 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 209 Beverages - Alcoholic companies, The Artisanal Spirits Co ranks worse than 83.73% 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
The Artisanal Spirits Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for The Artisanal Spirits Co's Piotroski F-Score or its related term are showing as below:
STU:045'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 5
Current: 3
During the past 8 years, the highest Piotroski F-Score of The Artisanal Spirits Co was 5. The lowest was 2. And the median was 4.
The Artisanal Spirits Co (STU:045) 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.
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.
The Artisanal Spirits Co Piotroski F-Score Related Terms
The Artisanal Spirits Co Piotroski F-Score Historical Data
* 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.
For the Beverages - Wineries & Distilleries subindustry, The Artisanal Spirits Co'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.
The Artisanal Spirits Co Piotroski F-Score vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, The Artisanal Spirits Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where The Artisanal Spirits Co'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.
The Artisanal Spirits Co's current Net Income (TTM) was -8.32.
==> 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.
The Artisanal Spirits Co's current Cash Flow from Operations (TTM) was -5.12.
==> 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.
The Artisanal Spirits Co's return on assets of this year was -0.13171775. The Artisanal Spirits Co's return on assets of last year was -0.06889158.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
The Artisanal Spirits Co's gearing of this year was 0.04422265. The Artisanal Spirits Co's gearing of last year was 0.05828132.
==> 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
The Artisanal Spirits Co's current ratio of this year was 3.30267086. The Artisanal Spirits Co's current ratio of last year was 5.04910283.
==> 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.
The Artisanal Spirits Co's number of shares in issue this year was 75.439. The Artisanal Spirits Co's number of shares in issue last year was 76.058.
==> 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.
The Artisanal Spirits Co's gross margin of this year was 0.56732124. The Artisanal Spirits Co's gross margin of last year was 0.63662525.
==> 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
The Artisanal Spirits Co's asset turnover of this year was 0.35973707. The Artisanal Spirits Co's asset turnover of last year was 0.49272004.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
The Artisanal Spirits Co has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The Artisanal Spirits Co (STU:045) has a Piotroski F-Score of 3 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on The Artisanal Spirits Co and its competitors. This is 25% below median its historical median of 4.00. Over the past decade, The Artisanal Spirits Co's Piotroski F-Score has ranged from 2.00 to 5.00. According to the industry distribution chart, The Artisanal Spirits Co ranks #175 out of 209 companies in the Beverages - Alcoholic industry, placing it in the top 83.7%.
Is The Artisanal Spirits Co's Piotroski F-Score too high?
The Artisanal Spirits Co's current Piotroski F-Score of 3 is 25% below 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 5.00. The Beverages - Alcoholic industry median Piotroski F-Score is 5.00. The Artisanal Spirits Co's value of 3 is 40% below this industry median. Based on the distribution chart, The Artisanal Spirits Co ranks #175 out of 209 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, The Artisanal Spirits Co has a GF Score™ of 25/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does The Artisanal Spirits Co's Piotroski F-Score compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, The Artisanal Spirits Co ranks #175 out of 209 companies for Piotroski F-Score. This places The Artisanal Spirits Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. The Artisanal Spirits Co's value of 3 is 40% below this benchmark. Historically, The Artisanal Spirits Co's own Piotroski F-Score has ranged from 2.00 to 5.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, The Artisanal Spirits Co 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 Beverages - Alcoholic company?
The median Piotroski F-Score among Beverages - Alcoholic companies is 5.00, based on 209 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. The Artisanal Spirits Co's current Piotroski F-Score of 3 is 40% 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 The Artisanal Spirits Co and its competitors. For the Beverages - Alcoholic 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. The Artisanal Spirits Co's current Piotroski F-Score is 3, which is 25% below 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 The Artisanal Spirits Co stock overvalued right now?
Based on GuruFocus' analysis, The Artisanal Spirits Co (STU:045) is currently considered Possible Value Trap. The stock's GF Value™ is €0.45, compared to a current price of €0.31 — trading 30.7% below its estimated fair value. The current Piotroski F-Score is 3, which is 25% below median its 10-year median of 4.00 and 40% below the Beverages - Alcoholic industry median of 5.00. The Artisanal Spirits Co's overall GF Score™ is 25/100 with 7 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 The Artisanal Spirits Co (STU:045), the current Piotroski F-Score is 3 as of Jun. 26, 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 The Artisanal Spirits Co (STU:045) Overvalued in 2026?
Based on GuruFocus' analysis, The Artisanal Spirits Co stock appears to be undervalued.
The current stock price of €0.31 is trading 30.7% below its estimated GF Value™ of €0.45.
GuruFocus considers The Artisanal Spirits Co to be Possible Value Trap.
Key valuation signals for STU:045:
Piotroski F-Score: 3 (25% below median its 10-year median of 4.00)
GF Value™: €0.45 vs. price of €0.31 (30.7% below fair value)
Industry Position: 40% below the Beverages - Alcoholic median (#175 of 209)
No single metric tells the full story. See the STU:045 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Artisanal Spirits Co PLC is a curator and provider of premium single-cask Scotch malt whisky and other spirits for sale online to a discerning global membership. It offers a range of other spirits such as single-cask Bourbon, Indian and Japanese whisky, as well as single-cask Armagnac, Cognac, gin, and rum. Its operations are predominantly based in the UK with the Group also generating revenue from Europe, Asia, America, and Others, of which maximum revenue is generated from Europe. Its brands include: The Scotch Malt Whisky Society, Single Cask Nation, Artisan Casks and J.G. Thomson.
25GF Score
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