Alfa Laval AB (STU:AA9) Piotroski F-Score: 6 (As of Jul. 23, 2026) — 14% Below Median

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STU:AA9 Alfa Laval AB STU:AA9
91 GF Score
Price €51.42
GF Value €43.20
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Alfa Laval AB Piotroski F-Score?

Alfa Laval AB STU:AA9 +0.55% 91 Piotroski F-Score is 6 as of Jul. 23, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates STU:AA9 with a GF Score™ of 91/100 and a GF Value™ of €43.20 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 2,970 Industrial Products companies, Alfa Laval AB ranks better than 75.32% 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

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

STU:AA9' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of Alfa Laval AB was 9. The lowest was 4. And the median was 7.

Alfa Laval AB  (STU:AA9) 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.


Alfa Laval AB Piotroski F-Score Related Terms


Alfa Laval AB Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Alfa Laval 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.

Alfa Laval AB Piotroski F-Score Chart

Alfa Laval 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 8.00 5.00 6.00 9.00 6.00

Alfa Laval 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 8.00 8.00 6.00 7.00 6.00

STU:AA9 vs GEV, ETN, PH: Piotroski F-Score Comparison

For the Specialty Industrial Machinery subindustry, Alfa Laval 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.


Alfa Laval AB Piotroski F-Score vs Industrial Products Industry

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

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


STU:AA9
91GF Score
Alfa Laval AB STU:AA9
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 207.984 + 181.947 + 176.301 + 184.993 = €751 Mil.
Cash Flow from Operations was 200.53 + 312.066 + 114.842 + 220.113 = €848 Mil.
Revenue was 1567.428 + 1759.368 + 1477.905 + 1652.625 = €6,457 Mil.
Gross Profit was 577.775 + 593.991 + 573.467 + 599.951 = €2,345 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(8259.573 + 9091.503 + 9020.229 + 9489.822 + 9556.803) / 5 = €9083.586 Mil.
Total Assets at the begining of this year (Jun25) was €8,260 Mil.
Long-Term Debt & Capital Lease Obligation was €1,079 Mil.
Total Current Assets was €4,279 Mil.
Total Current Liabilities was €3,822 Mil.
Net Income was 173.788 + 178.046 + 181.754 + 182.876 = €716 Mil.

Revenue was 1427.56 + 1591.898 + 1503.052 + 1527.206 = €6,050 Mil.
Gross Profit was 514.492 + 547.614 + 552.93 + 573.872 = €2,189 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(7434.303 + 7410.679 + 7720.243 + 7965.673 + 8259.573) / 5 = €7758.0942 Mil.
Total Assets at the begining of last year (Jun24) was €7,434 Mil.
Long-Term Debt & Capital Lease Obligation was €1,125 Mil.
Total Current Assets was €4,107 Mil.
Total Current Liabilities was €3,079 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.

Alfa Laval AB's current Net Income (TTM) was 751. ==> 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.

Alfa Laval AB's current Cash Flow from Operations (TTM) was 848. ==> 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)
=751.225/8259.573
=0.09095204

ROA (Last Year)=Net Income/Total Assets (Jun24)
=716.464/7434.303
=0.09637272

Alfa Laval AB's return on assets of this year was 0.09095204. Alfa Laval AB's return on assets of last year was 0.09637272. ==> 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.

Alfa Laval AB's current Net Income (TTM) was 751. Alfa Laval AB's current Cash Flow from Operations (TTM) was 848. ==> 848 > 751 ==> 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
=1079.401/9083.586
=0.11882983

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=1124.952/7758.0942
=0.14500365

Alfa Laval AB's gearing of this year was 0.11882983. Alfa Laval AB's gearing of last year was 0.14500365. ==> 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: Jun26)=Total Current Assets/Total Current Liabilities
=4279.385/3822.374
=1.11956208

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=4106.904/3078.748
=1.33395263

Alfa Laval AB's current ratio of this year was 1.11956208. Alfa Laval AB's current ratio of last year was 1.33395263. ==> 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.

Alfa Laval AB's number of shares in issue this year was 413.326. Alfa Laval AB's number of shares in issue last year was 413.326. ==> 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
=2345.184/6457.326
=0.36318191

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2188.908/6049.716
=0.36181996

Alfa Laval AB's gross margin of this year was 0.36318191. Alfa Laval AB's gross margin of last year was 0.36181996. ==> 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 (Jun25)
=6457.326/8259.573
=0.78179901

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=6049.716/7434.303
=0.81375699

Alfa Laval AB's asset turnover of this year was 0.78179901. Alfa Laval AB's asset turnover of last year was 0.81375699. ==> 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

Alfa Laval AB 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 6 mean?
Alfa Laval AB (STU:AA9) has a Piotroski F-Score of 6 as of Jul. 23, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Alfa Laval AB and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Alfa Laval AB's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Alfa Laval AB ranks #733 out of 2970 companies in the Industrial Products industry, placing it in the top 24.7%.
Is Alfa Laval AB's Piotroski F-Score too high?
Alfa Laval AB's current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Industrial Products industry median Piotroski F-Score is 5.00. Alfa Laval AB's value of 6 is 20% above this industry median. Based on the distribution chart, Alfa Laval AB ranks #733 out of 2970 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Alfa Laval AB has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Alfa Laval AB's Piotroski F-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Alfa Laval AB ranks #733 out of 2970 companies for Piotroski F-Score. This places Alfa Laval AB in the top 25% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Alfa Laval AB's value of 6 is 20% above this benchmark. Historically, Alfa Laval AB's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Alfa Laval AB 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 2,970 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. Alfa Laval AB's current Piotroski F-Score of 6 is 20% 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 Alfa Laval AB 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. Alfa Laval AB's current Piotroski F-Score is 6, which is 14% below 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 Alfa Laval AB stock overvalued right now?
Based on GuruFocus' analysis, Alfa Laval AB (STU:AA9) is currently considered Modestly Overvalued. The stock's GF Value™ is €43.20, compared to a current price of €51.42 — trading 19% above its estimated fair value. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Industrial Products industry median of 5.00. Alfa Laval AB's overall GF Score™ is 91/100 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 Alfa Laval AB (STU:AA9), the current Piotroski F-Score is 6 as of Jul. 23, 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 Alfa Laval AB (STU:AA9) Overvalued in 2026?

Based on GuruFocus' analysis, Alfa Laval AB stock appears to be overvalued. The current stock price of €51.42 is trading 19% above its estimated GF Value™ of €43.20. GuruFocus considers Alfa Laval AB to be Modestly Overvalued.

Key valuation signals for STU:AA9:

  • Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
  • GF Value™: €43.20 vs. price of €51.42 (19% above fair value)
  • GF Score™: 91/100 with 6 warning signs
  • Industry Position: 20% above the Industrial Products median (#733 of 2970)

No single metric tells the full story. See the STU:AA9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Alfa Laval AB Business Description

Address Rudeboksvagen 1, P.O. Box 73, Lund, SWE, SE-221 00
Alfa Laval is a leading manufacturer of highly engineered equipment, primarily in the areas of separation, heat transfer, and fluid handling, used by a diverse range of customers spanning the food, water, energy, and marine industries. These products play a key role in a number of industrial processes, and Alfa Laval enjoys a leading position in all three areas. Alfa Laval's history stretches back 140 years to when its first separator was developed. The company is listed on the Stockholm stock exchange.
91GF Score

Get the complete analysis for STU:AA9

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

€51.42
Price
€43.20
GF Value