SWYBY (Sanoma Oyj) Piotroski F-Score: 7 (As of Jun. 25, 2026) — 17% Above Median


SWYBY Sanoma Oyj SWYBY
67 GF Score
Price $2.46
GF Value $2.03
! 6 Warning Signs
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What is Sanoma Oyj Piotroski F-Score?

Sanoma Oyj SWYBY 67 Piotroski F-Score is 7 as of Jun. 25, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates SWYBY with a GF Score™ of 67/100 and a GF Value™ of $2.03. The stock has 6 warning signs investors should review. Among 255 Education companies, Sanoma Oyj ranks better than 87.84% 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

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

SWYBY' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Sanoma Oyj was 9. The lowest was 3. And the median was 6.

Sanoma Oyj  (OTCPK:SWYBY) 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.


Sanoma Oyj Piotroski F-Score Related Terms


Sanoma Oyj Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Sanoma Oyj'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.

Sanoma Oyj Piotroski F-Score Chart

Sanoma Oyj 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 6.00 6.00 6.00 8.00

Sanoma Oyj 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 9.00 8.00 7.00 8.00 7.00

SWYBY vs EDU, TAL, GHC: Piotroski F-Score Comparison

For the Education & Training Services subindustry, Sanoma Oyj'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.


Sanoma Oyj Piotroski F-Score vs Education Industry

For the Education industry and Consumer Defensive sector, Sanoma Oyj's Piotroski F-Score distribution charts can be found below:

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


SWYBY
67GF Score
Sanoma Oyj SWYBY
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 38.062 + 67.488 + -49.415 + -27.63 = $29 Mil.
Cash Flow from Operations was -14.187 + 172.535 + 99.415 + -25.549 = $232 Mil.
Revenue was 391.926 + 605.399 + 264.403 + 255.491 = $1,517 Mil.
Gross Profit was 284.89 + 401.056 + 189.696 + 186.012 = $1,062 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2036.216 + 2291.811 + 2314.789 + 2025.059 + 2019.075) / 5 = $2137.39 Mil.
Total Assets at the begining of this year (Mar25) was $2,036 Mil.
Long-Term Debt & Capital Lease Obligation was $82 Mil.
Total Current Assets was $259 Mil.
Total Current Liabilities was $662 Mil.
Net Income was 26.372 + 93.119 + -42.199 + -30.811 = $46 Mil.

Revenue was 368.568 + 599.334 + 252.88 + 239.135 = $1,460 Mil.
Gross Profit was 262.648 + 382.353 + 174.764 + 172.973 = $993 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2147.609 + 2278.902 + 2419.867 + 1967.644 + 2036.216) / 5 = $2170.0476 Mil.
Total Assets at the begining of last year (Mar24) was $2,148 Mil.
Long-Term Debt & Capital Lease Obligation was $109 Mil.
Total Current Assets was $251 Mil.
Total Current Liabilities was $621 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.

Sanoma Oyj's current Net Income (TTM) was 29. ==> 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.

Sanoma Oyj's current Cash Flow from Operations (TTM) was 232. ==> 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)
=28.505/2036.216
=0.01399901

ROA (Last Year)=Net Income/Total Assets (Mar24)
=46.481/2147.609
=0.02164314

Sanoma Oyj's return on assets of this year was 0.01399901. Sanoma Oyj's return on assets of last year was 0.02164314. ==> 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.

Sanoma Oyj's current Net Income (TTM) was 29. Sanoma Oyj's current Cash Flow from Operations (TTM) was 232. ==> 232 > 29 ==> 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
=81.734/2137.39
=0.0382401

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=108.541/2170.0476
=0.0500178

Sanoma Oyj's gearing of this year was 0.0382401. Sanoma Oyj's gearing of last year was 0.0500178. ==> 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
=258.613/661.618
=0.39087963

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=250.595/621.297
=0.40334172

Sanoma Oyj's current ratio of this year was 0.39087963. Sanoma Oyj's current ratio of last year was 0.40334172. ==> 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.

Sanoma Oyj's number of shares in issue this year was 325.24. Sanoma Oyj's number of shares in issue last year was 326.01. ==> 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
=1061.654/1517.219
=0.69973682

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=992.738/1459.917
=0.67999619

Sanoma Oyj's gross margin of this year was 0.69973682. Sanoma Oyj's gross margin of last year was 0.67999619. ==> 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)
=1517.219/2036.216
=0.74511692

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1459.917/2147.609
=0.67978715

Sanoma Oyj's asset turnover of this year was 0.74511692. Sanoma Oyj's asset turnover of last year was 0.67978715. ==> 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+0+1+1+0+1+1+1
=7

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

Sanoma Oyj 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?
Sanoma Oyj (SWYBY) 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 Sanoma Oyj and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Sanoma Oyj's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Sanoma Oyj ranks #31 out of 255 companies in the Education industry, placing it in the top 12.2%.
Is Sanoma Oyj's Piotroski F-Score too high?
Sanoma Oyj's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Education industry median Piotroski F-Score is 5.00. Sanoma Oyj's value of 7 is 40% above this industry median. Based on the distribution chart, Sanoma Oyj ranks #31 out of 255 companies in the Education industry, which is in the top quartile — a strong position relative to peers. Overall, Sanoma Oyj has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Sanoma Oyj's Piotroski F-Score compare to EDU and TAL?
According to the Education industry distribution chart, Sanoma Oyj ranks #31 out of 255 companies for Piotroski F-Score. This places Sanoma Oyj in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Sanoma Oyj's value of 7 is 40% above this benchmark. Historically, Sanoma Oyj'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 6.00 vs. the industry median of 5.00, Sanoma Oyj 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 Education company?
The median Piotroski F-Score among Education companies is 5.00, based on 255 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. Sanoma Oyj'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 Sanoma Oyj and its competitors. For the Education 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. Sanoma Oyj's current Piotroski F-Score is 7, which is 17% above median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sanoma Oyj stock overvalued right now?
Sanoma Oyj (SWYBY) has a current Piotroski F-Score of 7. The stock's GF Value™ is $2.03, compared to a current price of $2.46 — trading 21.2% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Education industry median of 5.00. Sanoma Oyj's overall GF Score™ is 67/100 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 Sanoma Oyj (SWYBY), 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 Sanoma Oyj (SWYBY) Overvalued in 2026?

Based on GuruFocus' analysis, Sanoma Oyj stock appears to be overvalued. The current stock price of $2.46 is trading 21.2% above its estimated GF Value™ of $2.03.

Key valuation signals for SWYBY:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: $2.03 vs. price of $2.46 (21.2% above fair value)
  • GF Score™: 67/100 with 6 warning signs
  • Industry Position: 40% above the Education median (#31 of 255)

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


Sanoma Oyj Business Description

Address Toolonlahdenkatu 2, Helsinki, FIN, 00100
Sanoma Oyj is a learning and media company. The group publishes magazines and newspapers along with educational learning literature and services. It operates in two segments: Learning and Media Finland. Sanoma's learning products and services enable teachers to develop the talents of every child to reach their full potential. The company offers printed and digital learning content as well as digital learning and teaching platforms for primary, secondary and vocational education. The Finnish media business of Sanoma provides information, experiences, inspiration, and entertainment via multiple media platforms: newspapers, radio, television, events, magazines, online, and mobile channels. The company's publications include Helsingin Sanomat, IltaSanomat among others.
67GF Score

Get the complete analysis for SWYBY

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

$2.46
Price
$2.03
GF Value