LSB Industries (STU:LS3) Piotroski F-Score: 8 (As of Jun. 25, 2026) — 60% Above Median


STU:LS3 LSB Industries Inc STU:LS3
55 GF Score
Price €9.35
GF Value €8.22
Valuation Modestly Overvalued
! 3 Warning Signs
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What is LSB Industries Piotroski F-Score?

LSB Industries STU:LS3 -3.11% 55 Piotroski F-Score is 8 as of Jun. 25, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates STU:LS3 with a GF Score™ of 55/100 and a GF Value™ of €8.22 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,566 Chemicals companies, LSB Industries ranks better than 97.51% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

LSB Industries has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

STU:LS3' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 9
Current: 8

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

LSB Industries  (STU:LS3) 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.


LSB Industries Piotroski F-Score Related Terms


LSB Industries Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for LSB Industries'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.

LSB Industries Piotroski F-Score Chart

LSB Industries 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 7.00 5.00 4.00 7.00

LSB Industries 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 3.00 6.00 7.00 8.00

STU:LS3 vs ASPI, WLKP, GPRE: Piotroski F-Score Comparison

For the Chemicals subindustry, LSB Industries'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.


LSB Industries Piotroski F-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, LSB Industries's Piotroski F-Score distribution charts can be found below:

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


STU:LS3
55GF Score
LSB Industries Inc STU:LS3
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 2.606 + 6.062 + 13.777 + 17.028 = €39.5 Mil.
Cash Flow from Operations was 15.749 + 44.793 + 15.327 + 44.804 = €120.7 Mil.
Revenue was 131.174 + 132.427 + 140.952 + 146.606 = €551.2 Mil.
Gross Profit was 20.091 + 21.763 + 35.187 + 30.962 = €108.0 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1087.743 + 978.048 + 979.415 + 1002.202 + 1030.524) / 5 = €1015.5864 Mil.
Total Assets at the begining of this year (Mar25) was €1,087.7 Mil.
Long-Term Debt & Capital Lease Obligation was €411.9 Mil.
Total Current Assets was €277.9 Mil.
Total Current Liabilities was €90.4 Mil.
Net Income was 8.877 + -22.869 + -8.737 + -1.517 = €-24.2 Mil.

Revenue was 130.128 + 98.405 + 128.835 + 132.675 = €490.0 Mil.
Gross Profit was 25.469 + -7.158 + 5.777 + 13.305 = €37.4 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1159.309 + 1104.635 + 1065.823 + 1133.765 + 1087.743) / 5 = €1110.255 Mil.
Total Assets at the begining of last year (Mar24) was €1,159.3 Mil.
Long-Term Debt & Capital Lease Obligation was €466.1 Mil.
Total Current Assets was €276.9 Mil.
Total Current Liabilities was €110.5 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.

LSB Industries's current Net Income (TTM) was 39.5. ==> 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.

LSB Industries's current Cash Flow from Operations (TTM) was 120.7. ==> 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)
=39.473/1087.743
=0.0362889

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-24.246/1159.309
=-0.02091418

LSB Industries's return on assets of this year was 0.0362889. LSB Industries's return on assets of last year was -0.02091418. ==> 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.

LSB Industries's current Net Income (TTM) was 39.5. LSB Industries's current Cash Flow from Operations (TTM) was 120.7. ==> 120.7 > 39.5 ==> 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
=411.919/1015.5864
=0.4055972

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=466.084/1110.255
=0.41979906

LSB Industries's gearing of this year was 0.4055972. LSB Industries's gearing of last year was 0.41979906. ==> 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
=277.925/90.448
=3.07276004

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=276.877/110.512
=2.50540213

LSB Industries's current ratio of this year was 3.07276004. LSB Industries's current ratio of last year was 2.50540213. ==> 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.

LSB Industries's number of shares in issue this year was 73.065. LSB Industries's number of shares in issue last year was 71.837. ==> 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
=108.003/551.159
=0.19595616

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=37.393/490.043
=0.07630555

LSB Industries's gross margin of this year was 0.19595616. LSB Industries's gross margin of last year was 0.07630555. ==> 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)
=551.159/1087.743
=0.50669965

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=490.043/1159.309
=0.42270266

LSB Industries's asset turnover of this year was 0.50669965. LSB Industries's asset turnover of last year was 0.42270266. ==> 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
=1+1+1+1+1+1+0+1+1
=8

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

LSB Industries has an F-score of 8. 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 8 mean?
LSB Industries (STU:LS3) has a Piotroski F-Score of 8 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on LSB Industries and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, LSB Industries' Piotroski F-Score has ranged from 1.00 to 9.00. According to the industry distribution chart, LSB Industries ranks #39 out of 1566 companies in the Chemicals industry, placing it in the top 2.5%.
Is LSB Industries' Piotroski F-Score too high?
LSB Industries' current Piotroski F-Score of 8 is 60% 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 Chemicals industry median Piotroski F-Score is 5.00. LSB Industries' value of 8 is 60% above this industry median. Based on the distribution chart, LSB Industries ranks #39 out of 1566 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, LSB Industries has a GF Score™ of 55/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does LSB Industries' Piotroski F-Score compare to ASPI and WLKP?
According to the Chemicals industry distribution chart, LSB Industries ranks #39 out of 1566 companies for Piotroski F-Score. This places LSB Industries in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. LSB Industries' value of 8 is 60% above this benchmark. Historically, LSB Industries' 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, LSB Industries 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,566 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. LSB Industries's current Piotroski F-Score of 8 is 60% 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 LSB Industries and its competitors. For the Chemicals 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. LSB Industries's current Piotroski F-Score is 8, which is 60% 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 LSB Industries stock overvalued right now?
Based on GuruFocus' analysis, LSB Industries (STU:LS3) is currently considered Modestly Overvalued. The stock's GF Value™ is €8.22, compared to a current price of €9.35 — trading 13.7% above its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 60% above the Chemicals industry median of 5.00. LSB Industries' overall GF Score™ is 55/100 with 3 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 LSB Industries (STU:LS3), the current Piotroski F-Score is 8 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 LSB Industries (STU:LS3) Overvalued in 2026?

Based on GuruFocus' analysis, LSB Industries stock appears to be overvalued. The current stock price of €9.35 is trading 13.7% above its estimated GF Value™ of €8.22. GuruFocus considers LSB Industries to be Modestly Overvalued.

Key valuation signals for STU:LS3:

  • Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
  • GF Value™: €8.22 vs. price of €9.35 (13.7% above fair value)
  • GF Score™: 55/100 with 3 warning signs
  • Industry Position: 60% above the Chemicals median (#39 of 1566)

No single metric tells the full story. See the STU:LS3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


LSB Industries Business Description

Other Exchanges LXU:USA
Address 3503 North West 63rd Street, Suite 500, Oklahoma City, OK, USA, 73116
LSB Industries Inc is engaged in the manufacturing and sale of chemical products in the United States. The company manufactures and sells chemical products for the agricultural and industrial sectors. Its products include ammonia, fertilizer grade ammonium nitrate (AN and HDAN), and urea ammonia nitrate (UAN) for agricultural applications; high purity and commercial grade ammonia, sulfuric acids, concentrated, blended, and regular nitric acid, mixed nitrating acids, carbon dioxide, and diesel exhaust fluid for industrial applications; and industrial grade AN (LDAN) and AN solutions for mining applications. Its products are sold through distributors and directly to end customers throughout the United States and other parts of North America.
55GF Score

Get the complete analysis for STU:LS3

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

€9.35
Price
€8.22
GF Value