Aspocomp Group (STU:ACN) Piotroski F-Score: 7 (As of Jun. 27, 2026) — 40% Above Median


STU:ACN Aspocomp Group PLC STU:ACN
76 GF Score
Price €5.06
GF Value €4.23
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Aspocomp Group Piotroski F-Score?

Aspocomp Group STU:ACN -3.44% 76 Piotroski F-Score is 7 as of Jun. 27, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates STU:ACN with a GF Score™ of 76/100 and a GF Value™ of €4.23 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 2,426 Hardware companies, Aspocomp Group ranks better than 91.14% 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

Aspocomp Group has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Aspocomp Group's Piotroski F-Score or its related term are showing as below:

STU:ACN' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Aspocomp Group was 9. The lowest was 1. And the median was 5.

Aspocomp Group  (STU:ACN) 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.


Aspocomp Group Piotroski F-Score Related Terms


Aspocomp Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Aspocomp Group'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.

Aspocomp Group Piotroski F-Score Chart

Aspocomp Group 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 7.00 8.00 5.00 1.00 8.00

Aspocomp Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 5.00 8.00 9.00 8.00 7.00

STU:ACN vs APH, GLW, TEL: Piotroski F-Score Comparison

For the Electronic Components subindustry, Aspocomp Group'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.


Aspocomp Group Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, Aspocomp Group's Piotroski F-Score distribution charts can be found below:

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


STU:ACN
76GF Score
Aspocomp Group PLC STU:ACN
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was -0.141 + 0.175 + -0.326 + 0.178 = €-0.11 Mil.
Cash Flow from Operations was 0.643 + 0.54 + -0.302 + 0.657 = €1.54 Mil.
Revenue was 10.098 + 8.842 + 8.864 + 9.73 = €37.53 Mil.
Gross Profit was 5.085 + 4.497 + 4.405 + 5.244 = €19.23 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(29.112 + 26.807 + 26.291 + 28.746 + 29.561) / 5 = €28.1034 Mil.
Total Assets at the begining of this year (Mar25) was €29.11 Mil.
Long-Term Debt & Capital Lease Obligation was €4.16 Mil.
Total Current Assets was €14.53 Mil.
Total Current Liabilities was €6.01 Mil.
Net Income was -1.32 + -1.347 + 0.855 + 0.705 = €-1.11 Mil.

Revenue was 7.041 + 6.371 + 7.926 + 10.347 = €31.69 Mil.
Gross Profit was 2.874 + 2.654 + 4.327 + 5.533 = €15.39 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(26.485 + 27.253 + 25.544 + 28.187 + 29.112) / 5 = €27.3162 Mil.
Total Assets at the begining of last year (Mar24) was €26.49 Mil.
Long-Term Debt & Capital Lease Obligation was €4.94 Mil.
Total Current Assets was €15.37 Mil.
Total Current Liabilities was €7.70 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.

Aspocomp Group's current Net Income (TTM) was -0.11. ==> 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.

Aspocomp Group's current Cash Flow from Operations (TTM) was 1.54. ==> 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 (Mar25)
=-0.114/29.112
=-0.00391591

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-1.107/26.485
=-0.04179724

Aspocomp Group's return on assets of this year was -0.00391591. Aspocomp Group's return on assets of last year was -0.04179724. ==> This year is higher. ==> Score 1.

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.

Aspocomp Group's current Net Income (TTM) was -0.11. Aspocomp Group's current Cash Flow from Operations (TTM) was 1.54. ==> 1.54 > -0.11 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=4.163/28.1034
=0.14813154

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=4.94/27.3162
=0.18084507

Aspocomp Group's gearing of this year was 0.14813154. Aspocomp Group's gearing of last year was 0.18084507. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=14.533/6.014
=2.4165281

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=15.365/7.699
=1.99571373

Aspocomp Group's current ratio of this year was 2.4165281. Aspocomp Group's current ratio of last year was 1.99571373. ==> 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.

Aspocomp Group's number of shares in issue this year was 8.9. Aspocomp Group's number of shares in issue last year was 7.05. ==> 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
=19.231/37.534
=0.51236213

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=15.388/31.685
=0.48565567

Aspocomp Group's gross margin of this year was 0.51236213. Aspocomp Group's gross margin of last year was 0.48565567. ==> 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 (Mar25)
=37.534/29.112
=1.28929651

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=31.685/26.485
=1.19633755

Aspocomp Group's asset turnover of this year was 1.28929651. Aspocomp Group's asset turnover of last year was 1.19633755. ==> 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+1+1+1+1+0+1+1
=7

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

Aspocomp Group has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Aspocomp Group (STU:ACN) has a Piotroski F-Score of 7 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Aspocomp Group and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, Aspocomp Group's Piotroski F-Score has ranged from 1.00 to 9.00. According to the industry distribution chart, Aspocomp Group ranks #215 out of 2426 companies in the Hardware industry, placing it in the top 8.9%.
Is Aspocomp Group's Piotroski F-Score too high?
Aspocomp Group's current Piotroski F-Score of 7 is 40% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 9.00. The Hardware industry median Piotroski F-Score is 5.00. Aspocomp Group's value of 7 is 40% above this industry median. Based on the distribution chart, Aspocomp Group ranks #215 out of 2426 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Aspocomp Group has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aspocomp Group's Piotroski F-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Aspocomp Group ranks #215 out of 2426 companies for Piotroski F-Score. This places Aspocomp Group in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Aspocomp Group's value of 7 is 40% above this benchmark. Historically, Aspocomp Group's own Piotroski F-Score has ranged from 1.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Aspocomp Group 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 a Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,426 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. Aspocomp Group'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 Aspocomp Group and its competitors. For the Hardware 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. Aspocomp Group's current Piotroski F-Score is 7, which is 40% above 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 Aspocomp Group stock overvalued right now?
Based on GuruFocus' analysis, Aspocomp Group (STU:ACN) is currently considered Modestly Overvalued. The stock's GF Value™ is €4.23, compared to a current price of €5.06 — trading 19.6% above its estimated fair value. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 40% above the Hardware industry median of 5.00. Aspocomp Group's overall GF Score™ is 76/100 with 2 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 Aspocomp Group (STU:ACN), the current Piotroski F-Score is 7 as of Jun. 27, 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 Aspocomp Group (STU:ACN) Overvalued in 2026?

Based on GuruFocus' analysis, Aspocomp Group stock appears to be overvalued. The current stock price of €5.06 is trading 19.6% above its estimated GF Value™ of €4.23. GuruFocus considers Aspocomp Group to be Modestly Overvalued.

Key valuation signals for STU:ACN:

  • Piotroski F-Score: 7 (40% above median its 10-year median of 5.00)
  • GF Value™: €4.23 vs. price of €5.06 (19.6% above fair value)
  • GF Score™: 76/100 with 2 warning signs
  • Industry Position: 40% above the Hardware median (#215 of 2426)

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


Aspocomp Group Business Description

Other Exchanges 0DG8:UKACG1V:Finland
Address Keilaranta 1, Espoo, FIN, 02150
Aspocomp Group PLC is a PCB manufacturer and supplier with its own factory in Oulu, Finland, and a partner network in Europe and China. At the Oulu factory, it mainly produces demanding high-tech boards. The company operates in a single segment. The company geographically operates in Finland, Europe, and Others areas.
76GF Score

Get the complete analysis for STU:ACN

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

€5.06
Price
€4.23
GF Value