Krakchemia (WAR:KCH) Piotroski F-Score: 4 (As of Jul. 14, 2026) — 20% Below Median

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WAR:KCH Krakchemia SA WAR:KCH
35 GF Score
Price zł0.51
GF Value zł0.31
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Krakchemia Piotroski F-Score?

Krakchemia WAR:KCH +22.49% 35 Piotroski F-Score is 4 as of Jul. 14, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates WAR:KCH with a GF Score™ of 35/100 and a GF Value™ of zł0.31 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,563 Chemicals companies, Krakchemia ranks worse than 65.07% 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

Krakchemia has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

WAR:KCH' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Krakchemia was 8. The lowest was 3. And the median was 5.

Krakchemia  (WAR:KCH) 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.


Krakchemia Piotroski F-Score Related Terms


Krakchemia Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Krakchemia'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.

Krakchemia Piotroski F-Score Chart

Krakchemia 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 3.00 4.00 5.00 3.00

Krakchemia 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 6.00 4.00 4.00 3.00 4.00

WAR:KCH vs LIN, SHW, ECL: Piotroski F-Score Comparison

For the Specialty Chemicals subindustry, Krakchemia'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.


Krakchemia Piotroski F-Score vs Chemicals Industry

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

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


WAR:KCH
35GF Score
Krakchemia SA WAR:KCH
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 -3.15 + -2.739 + -3.653 + -2.383 = zł-11.93 Mil.
Cash Flow from Operations was -2.26 + 0.163 + -0.942 + -1.384 = zł-4.42 Mil.
Revenue was 5.919 + 5.224 + 5.41 + 6.584 = zł23.14 Mil.
Gross Profit was 0.781 + 1.118 + 0.07 + 1.394 = zł3.36 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(14.62 + 12.33 + 10.855 + 6.305 + 5.605) / 5 = zł9.943 Mil.
Total Assets at the begining of this year (Mar25) was zł14.62 Mil.
Long-Term Debt & Capital Lease Obligation was zł0.00 Mil.
Total Current Assets was zł4.67 Mil.
Total Current Liabilities was zł81.02 Mil.
Net Income was -3.096 + -3.109 + -4.68 + -2.587 = zł-13.47 Mil.

Revenue was 11.172 + 10.18 + 8.041 + 8.535 = zł37.93 Mil.
Gross Profit was 1.422 + 1.198 + 1.032 + 1.115 = zł4.77 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(23.954 + 20.887 + 18.217 + 14.17 + 14.62) / 5 = zł18.3696 Mil.
Total Assets at the begining of last year (Mar24) was zł23.95 Mil.
Long-Term Debt & Capital Lease Obligation was zł0.00 Mil.
Total Current Assets was zł9.01 Mil.
Total Current Liabilities was zł8.19 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.

Krakchemia's current Net Income (TTM) was -11.93. ==> 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.

Krakchemia's current Cash Flow from Operations (TTM) was -4.42. ==> Negative ==> Score 0.

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)
=-11.925/14.62
=-0.81566347

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-13.472/23.954
=-0.56241129

Krakchemia's return on assets of this year was -0.81566347. Krakchemia's return on assets of last year was -0.56241129. ==> 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.

Krakchemia's current Net Income (TTM) was -11.93. Krakchemia's current Cash Flow from Operations (TTM) was -4.42. ==> -4.42 > -11.93 ==> 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
=0/9.943
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/18.3696
=0

Krakchemia's gearing of this year was 0. Krakchemia's gearing of last year was 0. ==> 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
=4.671/81.017
=0.05765457

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=9.014/8.186
=1.1011483

Krakchemia's current ratio of this year was 0.05765457. Krakchemia's current ratio of last year was 1.1011483. ==> 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.

Krakchemia's number of shares in issue this year was 9. Krakchemia's number of shares in issue last year was 9. ==> 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
=3.363/23.137
=0.1453516

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4.767/37.928
=0.12568551

Krakchemia's gross margin of this year was 0.1453516. Krakchemia's gross margin of last year was 0.12568551. ==> 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)
=23.137/14.62
=1.58255814

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=37.928/23.954
=1.58336812

Krakchemia's asset turnover of this year was 1.58255814. Krakchemia's asset turnover of last year was 1.58336812. ==> 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
=0+0+0+1+1+0+1+1+0
=4

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

Krakchemia has an F-score of 4 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 4 mean?
Krakchemia (WAR:KCH) has a Piotroski F-Score of 4 as of Jul. 14, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Krakchemia and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Krakchemia's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Krakchemia ranks #1017 out of 1563 companies in the Chemicals industry, placing it in the top 65.1%.
Is Krakchemia's Piotroski F-Score too high?
Krakchemia's current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Chemicals industry median Piotroski F-Score is 5.00. Krakchemia's value of 4 is 20% below this industry median. Based on the distribution chart, Krakchemia ranks #1017 out of 1563 companies in the Chemicals industry, which is below the industry midpoint. Overall, Krakchemia has a GF Score™ of 35/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Krakchemia's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Krakchemia ranks #1017 out of 1563 companies for Piotroski F-Score. This places Krakchemia in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Krakchemia's value of 4 is 20% below this benchmark. Historically, Krakchemia's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Krakchemia has consistently been below 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 1,563 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. Krakchemia's current Piotroski F-Score of 4 is 20% below 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 Krakchemia 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. Krakchemia's current Piotroski F-Score is 4, which is 20% below 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 Krakchemia stock overvalued right now?
Based on GuruFocus' analysis, Krakchemia (WAR:KCH) is currently considered Significantly Overvalued. The stock's GF Value™ is zł0.31, compared to a current price of zł0.51 — trading 65.2% above its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Chemicals industry median of 5.00. Krakchemia's overall GF Score™ is 35/100 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 Krakchemia (WAR:KCH), the current Piotroski F-Score is 4 as of Jul. 14, 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 Krakchemia (WAR:KCH) Overvalued in 2026?

Based on GuruFocus' analysis, Krakchemia stock appears to be overvalued. The current stock price of zł0.51 is trading 65.2% above its estimated GF Value™ of zł0.31. GuruFocus considers Krakchemia to be Significantly Overvalued.

Key valuation signals for WAR:KCH:

  • Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
  • GF Value™: zł0.31 vs. price of zł0.51 (65.2% above fair value)
  • GF Score™: 35/100 with 3 warning signs
  • Industry Position: 20% below the Chemicals median (#1017 of 1563)

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


Krakchemia Business Description

Address 14 Listopadowego Uprising Street, Krakow, POL, 30-298
Krakchemia SA specializes in the wholesale of plastic granulates, laboratory chemicals, and chemical raw materials. The company's main activity is wholesale trade in chemical products, mainly plastic granulates, packaging foils, plastics, reagents, and chemical raw materials. It sells commercial goods on the domestic market and in small quantities abroad, with operations covering Poland, Slovakia, the Czech Republic, Germany, and other foreign markets.
35GF Score

Get the complete analysis for WAR:KCH

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

zł0.51
Price
zł0.31
GF Value