Luceco (STU:2LC) Piotroski F-Score: 7 (As of Jun. 25, 2026) — Near Median


STU:2LC Luceco PLC STU:2LC
81 GF Score
Price €3.04
GF Value €2.02
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Luceco Piotroski F-Score?

Luceco STU:2LC -1.30% 81 Piotroski F-Score is 7 as of Jun. 25, 2026, which is at its 10-year median of 7.00. GuruFocus rates STU:2LC with a GF Score™ of 81/100 and a GF Value™ of €2.02 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,979 Industrial Products companies, Luceco ranks better than 90.8% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

Luceco 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 Luceco's Piotroski F-Score or its related term are showing as below:

STU:2LC' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 7   Max: 9
Current: 7

During the past 11 years, the highest Piotroski F-Score of Luceco was 9. The lowest was 3. And the median was 7.

Luceco  (STU:2LC) 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.


Luceco Piotroski F-Score Related Terms


Luceco Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Luceco'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.

Luceco Piotroski F-Score Chart

Luceco 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 3.00 6.00 9.00 7.00 7.00

Luceco Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 9.00 0.00 7.00 0.00 7.00

STU:2LC vs VRT, BE: Piotroski F-Score Comparison

For the Electrical Equipment & Parts subindustry, Luceco'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.


Luceco Piotroski F-Score vs Industrial Products Industry

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

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


STU:2LC
81GF Score
Luceco PLC STU:2LC
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 €23.2 Mil.
Cash Flow from Operations was €51.4 Mil.
Revenue was €310.3 Mil.
Gross Profit was €131.7 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (295.555 + 287.41) / 2 = €291.4825 Mil.
Total Assets at the begining of this year (Dec24) was €295.6 Mil.
Long-Term Debt & Capital Lease Obligation was €68.9 Mil.
Total Current Assets was €172.7 Mil.
Total Current Liabilities was €91.1 Mil.
Net Income was €17.6 Mil.

Revenue was €292.8 Mil.
Gross Profit was €117.7 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (205.222 + 295.555) / 2 = €250.3885 Mil.
Total Assets at the begining of last year (Dec23) was €205.2 Mil.
Long-Term Debt & Capital Lease Obligation was €92.2 Mil.
Total Current Assets was €172.2 Mil.
Total Current Liabilities was €76.3 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.

Luceco's current Net Income (TTM) was 23.2. ==> 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.

Luceco's current Cash Flow from Operations (TTM) was 51.4. ==> 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)
=23.208/295.555
=0.07852346

ROA (Last Year)=Net Income/Total Assets (Dec23)
=17.627/205.222
=0.08589235

Luceco's return on assets of this year was 0.07852346. Luceco's return on assets of last year was 0.08589235. ==> 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.

Luceco's current Net Income (TTM) was 23.2. Luceco's current Cash Flow from Operations (TTM) was 51.4. ==> 51.4 > 23.2 ==> 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
=68.937/291.4825
=0.23650476

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=92.24/250.3885
=0.36838753

Luceco's gearing of this year was 0.23650476. Luceco's gearing of last year was 0.36838753. ==> 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

Current Ratio (This Year: Dec25)=Total Current Assets/Total Current Liabilities
=172.744/91.116
=1.895869

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=172.166/76.303
=2.25634641

Luceco's current ratio of this year was 1.895869. Luceco's current ratio of last year was 2.25634641. ==> 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.

Luceco's number of shares in issue this year was 151.4. Luceco's number of shares in issue last year was 154.1. ==> 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
=131.701/310.275
=0.42446539

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=117.715/292.778
=0.40206231

Luceco's gross margin of this year was 0.42446539. Luceco's gross margin of last year was 0.40206231. ==> 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)
=310.275/295.555
=1.0498046

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=292.778/205.222
=1.42664042

Luceco's asset turnover of this year was 1.0498046. Luceco's asset turnover of last year was 1.42664042. ==> 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+1+0+1+1+0
=6

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

Luceco 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 7 mean?
Luceco (STU:2LC) has a Piotroski F-Score of 7 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Luceco and its competitors. This is near median its historical median of 7.00. Over the past decade, Luceco's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Luceco ranks #274 out of 2979 companies in the Industrial Products industry, placing it in the top 9.2%.
Is Luceco's Piotroski F-Score too high?
Luceco's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Industrial Products industry median Piotroski F-Score is 5.00. Luceco's value of 7 is 40% above this industry median. Based on the distribution chart, Luceco ranks #274 out of 2979 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Luceco has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Luceco's Piotroski F-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Luceco ranks #274 out of 2979 companies for Piotroski F-Score. This places Luceco in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Luceco's value of 7 is 40% above this benchmark. Historically, Luceco's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Luceco 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 2,979 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. Luceco's current Piotroski F-Score of 7 is 40% 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 Luceco 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. Luceco's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Luceco stock overvalued right now?
Based on GuruFocus' analysis, Luceco (STU:2LC) is currently considered Significantly Overvalued. The stock's GF Value™ is €2.02, compared to a current price of €3.04 — trading 50.5% above its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Industrial Products industry median of 5.00. Luceco's overall GF Score™ is 81/100 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 Luceco (STU:2LC), the current Piotroski F-Score is 7 as of Jun. 25, 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 Luceco (STU:2LC) Overvalued in 2026?

Based on GuruFocus' analysis, Luceco stock appears to be overvalued. The current stock price of €3.04 is trading 50.5% above its estimated GF Value™ of €2.02. GuruFocus considers Luceco to be Significantly Overvalued.

Key valuation signals for STU:2LC:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: €2.02 vs. price of €3.04 (50.5% above fair value)
  • GF Score™: 81/100 with 7 warning signs
  • Industry Position: 40% above the Industrial Products median (#274 of 2979)

No single metric tells the full story. See the STU:2LC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Luceco Business Description

Other Exchanges LUCEl:UKLUCE:UK2LC:Germany
Address Building E Stafford Park 1, Stafford Park, Telford, Shropshire, GBR, TF3 3BD
Luceco PLC is activities are in the manufacturing and supply of Wiring Accessories, LED Lighting, and Portable Power equipment. The company generates the majority of its revenue from the sale of Wiring Accessories, which supply goods in the form of Wiring Accessories to trade and specialists. Geographically, the company operates in the United Kingdom, Europe, the Middle East & Africa, the Americas, and the Asia Pacific and generates the majority of its revenue from the UK.
81GF Score

Get the complete analysis for STU:2LC

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

€3.04
Price
€2.02
GF Value