Gubra AS (STU:PI3) Piotroski F-Score: 8 (As of Jun. 24, 2026) — 60% Above Median


STU:PI3 Gubra AS STU:PI3
58 GF Score
Price €44.22
GF Value €381.21
Valuation Possible Value Trap
! 3 Warning Signs
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What is Gubra AS Piotroski F-Score?

Gubra AS STU:PI3 +0.68% 58 Piotroski F-Score is 8 as of Jun. 24, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates STU:PI3 with a GF Score™ of 58/100 and a GF Value™ of €381.21 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,341 Biotechnology companies, Gubra AS ranks better than 99.33% 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

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

STU:PI3' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 5   Max: 9
Current: 8

During the past 7 years, the highest Piotroski F-Score of Gubra AS was 9. The lowest was 5. And the median was 5.

Gubra AS  (STU:PI3) 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.


Gubra AS Piotroski F-Score Related Terms


Gubra AS Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Gubra AS'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.

Gubra AS Piotroski F-Score Chart

Gubra AS Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 9.00 5.00 5.00 5.00 8.00

Gubra AS Semi-Annual Data
Dec19 Dec20 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 5.00 0.00 5.00 0.00 8.00

STU:PI3 vs VRTX, REGN, ALNY: Piotroski F-Score Comparison

For the Biotechnology subindustry, Gubra AS'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.


Gubra AS Piotroski F-Score vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Gubra AS's Piotroski F-Score distribution charts can be found below:

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


STU:PI3
58GF Score
Gubra AS STU:PI3
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 €226.3 Mil.
Cash Flow from Operations was €229.3 Mil.
Revenue was €353.0 Mil.
Gross Profit was €342.3 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (82.128 + 176.717) / 2 = €129.4225 Mil.
Total Assets at the begining of this year (Dec24) was €82.1 Mil.
Long-Term Debt & Capital Lease Obligation was €11.9 Mil.
Total Current Assets was €155.3 Mil.
Total Current Liabilities was €11.4 Mil.
Net Income was €-4.9 Mil.

Revenue was €35.6 Mil.
Gross Profit was €22.1 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (83.892 + 82.128) / 2 = €83.01 Mil.
Total Assets at the begining of last year (Dec23) was €83.9 Mil.
Long-Term Debt & Capital Lease Obligation was €10.9 Mil.
Total Current Assets was €64.5 Mil.
Total Current Liabilities was €10.6 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.

Gubra AS's current Net Income (TTM) was 226.3. ==> 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.

Gubra AS's current Cash Flow from Operations (TTM) was 229.3. ==> 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)
=226.349/82.128
=2.75605153

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-4.894/83.892
=-0.05833691

Gubra AS's return on assets of this year was 2.75605153. Gubra AS's return on assets of last year was -0.05833691. ==> 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.

Gubra AS's current Net Income (TTM) was 226.3. Gubra AS's current Cash Flow from Operations (TTM) was 229.3. ==> 229.3 > 226.3 ==> 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
=11.894/129.4225
=0.09190056

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=10.948/83.01
=0.13188772

Gubra AS's gearing of this year was 0.09190056. Gubra AS's gearing of last year was 0.13188772. ==> 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
=155.331/11.394
=13.63270142

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=64.513/10.649
=6.05812752

Gubra AS's current ratio of this year was 13.63270142. Gubra AS's current ratio of last year was 6.05812752. ==> 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.

Gubra AS's number of shares in issue this year was 16.461. Gubra AS's number of shares in issue last year was 16.304. ==> 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
=342.319/353.041
=0.96962959

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=22.058/35.633
=0.61903292

Gubra AS's gross margin of this year was 0.96962959. Gubra AS's gross margin of last year was 0.61903292. ==> 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)
=353.041/82.128
=4.29866793

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=35.633/83.892
=0.42474849

Gubra AS's asset turnover of this year was 4.29866793. Gubra AS's asset turnover of last year was 0.42474849. ==> 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

Gubra AS 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?
Gubra AS (STU:PI3) has a Piotroski F-Score of 8 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Gubra AS and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Gubra AS's Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, Gubra AS ranks #9 out of 1341 companies in the Biotechnology industry, placing it in the top 0.7%.
Is Gubra AS's Piotroski F-Score too high?
Gubra AS's 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 5.00 to a high of 9.00. The Biotechnology industry median Piotroski F-Score is 3.00. Gubra AS's value of 8 is 166.7% above this industry median. Based on the distribution chart, Gubra AS ranks #9 out of 1341 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, Gubra AS has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Gubra AS's Piotroski F-Score compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Gubra AS ranks #9 out of 1341 companies for Piotroski F-Score. This places Gubra AS in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Gubra AS's value of 8 is 166.7% above this benchmark. Historically, Gubra AS's own Piotroski F-Score has ranged from 5.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 3.00, Gubra AS 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 Biotechnology company?
The median Piotroski F-Score among Biotechnology companies is 3.00, based on 1,341 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. Gubra AS's current Piotroski F-Score of 8 is 166.7% 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 Gubra AS and its competitors. For the Biotechnology industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gubra AS'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 Gubra AS stock overvalued right now?
Based on GuruFocus' analysis, Gubra AS (STU:PI3) is currently considered Possible Value Trap. The stock's GF Value™ is €381.21, compared to a current price of €44.22 — trading 88.4% below its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 166.7% above the Biotechnology industry median of 3.00. Gubra AS's overall GF Score™ is 58/100 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 Gubra AS (STU:PI3), the current Piotroski F-Score is 8 as of Jun. 24, 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 Gubra AS (STU:PI3) Overvalued in 2026?

Based on GuruFocus' analysis, Gubra AS stock appears to be undervalued. The current stock price of €44.22 is trading 88.4% below its estimated GF Value™ of €381.21. GuruFocus considers Gubra AS to be Possible Value Trap.

Key valuation signals for STU:PI3:

  • Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
  • GF Value™: €381.21 vs. price of €44.22 (88.4% below fair value)
  • GF Score™: 58/100 with 3 warning signs
  • Industry Position: 166.7% above the Biotechnology median (#9 of 1341)

No single metric tells the full story. See the STU:PI3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gubra AS Business Description

Other Exchanges GUBRA:Denmark
Address Horsholm Kongevej 11B, Horsholm, DNK, 2970
Gubra AS is a specialized preclinical CRO and biotech company focused on peptide-based drug discovery within metabolic and fibrotic diseases. The company has two segments: Pre-clinical contract research (CRO), which derives maximum revenue and Biotech Segment. It derives maximum revenue from Pre-clinical contract research (CRO) segment. Geographically, the company operates in Europe, North America and Other regions.
58GF Score

Get the complete analysis for STU:PI3

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

€44.22
Price
€381.21
GF Value