Aurubis AG (WBO:NDA) Piotroski F-Score: 6 (As of Jun. 27, 2026) — Near Median


WBO:NDA Aurubis AG WBO:NDA
73 GF Score
Price €184.20
GF Value €98.59
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Aurubis AG Piotroski F-Score?

Aurubis AG WBO:NDA -1.92% 73 Piotroski F-Score is 6 as of Jun. 27, 2026, which is at its 10-year median of 6.00. GuruFocus rates WBO:NDA with a GF Score™ of 73/100 and a GF Value™ of €98.59 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,979 Industrial Products companies, Aurubis AG ranks better than 75.46% 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

Aurubis AG has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

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

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

Aurubis AG  (WBO:NDA) 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.


Aurubis AG Piotroski F-Score Related Terms


Aurubis AG Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Aurubis AG'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.

Aurubis AG Piotroski F-Score Chart

Aurubis AG Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 4.00 6.00 7.00 7.00

Aurubis AG 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 8.00 8.00 7.00 3.00 6.00

WBO:NDA vs ATI, CRS, MLI: Piotroski F-Score Comparison

For the Metal Fabrication subindustry, Aurubis AG'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.


Aurubis AG Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Aurubis AG's Piotroski F-Score distribution charts can be found below:

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


WBO:NDA
73GF Score
Aurubis AG WBO:NDA
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 78 + 42 + 322 + 479 = €921 Mil.
Cash Flow from Operations was 167 + 320 + -8 + 169 = €648 Mil.
Revenue was 4616 + 4283 + 5344 + 6081 = €20,324 Mil.
Gross Profit was 432 + 242 + 750 + 961 = €2,385 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(8570 + 8459 + 8838 + 9817 + 10631) / 5 = €9263 Mil.
Total Assets at the begining of this year (Mar25) was €8,570 Mil.
Long-Term Debt & Capital Lease Obligation was €464 Mil.
Total Current Assets was €6,905 Mil.
Total Current Liabilities was €3,221 Mil.
Net Income was 156.859 + 119 + 256 + 163 = €695 Mil.

Revenue was 4699 + 4121 + 4269 + 5004 = €18,093 Mil.
Gross Profit was 507 + 357 + 643 + 530 = €2,037 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(7648.429 + 7866 + 7846 + 8421 + 8570) / 5 = €8070.2858 Mil.
Total Assets at the begining of last year (Mar24) was €7,648 Mil.
Long-Term Debt & Capital Lease Obligation was €324 Mil.
Total Current Assets was €5,242 Mil.
Total Current Liabilities was €2,319 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.

Aurubis AG's current Net Income (TTM) was 921. ==> 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.

Aurubis AG's current Cash Flow from Operations (TTM) was 648. ==> 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)
=921/8570
=0.10746791

ROA (Last Year)=Net Income/Total Assets (Mar24)
=694.859/7648.429
=0.0908499

Aurubis AG's return on assets of this year was 0.10746791. Aurubis AG's return on assets of last year was 0.0908499. ==> 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.

Aurubis AG's current Net Income (TTM) was 921. Aurubis AG's current Cash Flow from Operations (TTM) was 648. ==> 648 <= 921 ==> CFROA <= ROA ==> Score 0.

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
=464/9263
=0.05009176

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=324/8070.2858
=0.04014728

Aurubis AG's gearing of this year was 0.05009176. Aurubis AG's gearing of last year was 0.04014728. ==> Last year is lower than this year ==> Score 0.

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
=6905/3221
=2.14374418

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=5242/2319
=2.26045709

Aurubis AG's current ratio of this year was 2.14374418. Aurubis AG's current ratio of last year was 2.26045709. ==> 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.

Aurubis AG's number of shares in issue this year was 43.659. Aurubis AG's number of shares in issue last year was 43.706. ==> 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
=2385/20324
=0.11734895

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2037/18093
=0.11258498

Aurubis AG's gross margin of this year was 0.11734895. Aurubis AG's gross margin of last year was 0.11258498. ==> 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)
=20324/8570
=2.37152859

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=18093/7648.429
=2.36558383

Aurubis AG's asset turnover of this year was 2.37152859. Aurubis AG's asset turnover of last year was 2.36558383. ==> 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+0+0+0+1+1+1
=6

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

Aurubis AG has an F-score of 6 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 6 mean?
Aurubis AG (WBO:NDA) has a Piotroski F-Score of 6 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Aurubis AG and its competitors. This is near median its historical median of 6.00. Over the past decade, Aurubis AG's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Aurubis AG ranks #731 out of 2979 companies in the Industrial Products industry, placing it in the top 24.5%.
Is Aurubis AG's Piotroski F-Score too high?
Aurubis AG's current Piotroski F-Score of 6 is near 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 Industrial Products industry median Piotroski F-Score is 5.00. Aurubis AG's value of 6 is 20% above this industry median. Based on the distribution chart, Aurubis AG ranks #731 out of 2979 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Aurubis AG has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aurubis AG's Piotroski F-Score compare to ATI and CRS?
According to the Industrial Products industry distribution chart, Aurubis AG ranks #731 out of 2979 companies for Piotroski F-Score. This places Aurubis AG in the top 25% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Aurubis AG's value of 6 is 20% above this benchmark. Historically, Aurubis AG'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, Aurubis AG 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 Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,979 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. Aurubis AG's current Piotroski F-Score of 6 is 20% 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 Aurubis AG and its competitors. For the Industrial Products 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. Aurubis AG's current Piotroski F-Score is 6, which is near 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 Aurubis AG stock overvalued right now?
Based on GuruFocus' analysis, Aurubis AG (WBO:NDA) is currently considered Significantly Overvalued. The stock's GF Value™ is €98.59, compared to a current price of €184.20 — trading 86.8% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Industrial Products industry median of 5.00. Aurubis AG's overall GF Score™ is 73/100 with 4 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 Aurubis AG (WBO:NDA), the current Piotroski F-Score is 6 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 Aurubis AG (WBO:NDA) Overvalued in 2026?

Based on GuruFocus' analysis, Aurubis AG stock appears to be overvalued. The current stock price of €184.20 is trading 86.8% above its estimated GF Value™ of €98.59. GuruFocus considers Aurubis AG to be Significantly Overvalued.

Key valuation signals for WBO:NDA:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: €98.59 vs. price of €184.20 (86.8% above fair value)
  • GF Score™: 73/100 with 4 warning signs
  • Industry Position: 20% above the Industrial Products median (#731 of 2979)

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


Aurubis AG Business Description

Address Hovestrasse 50, Hamburg, BY, DEU, 20539
Aurubis AG produces copper, using raw materials which include copper concentrates and recycling materials. The company also produces precious metals such as gold and silver and a range of other products, including sulfuric acid and iron silicate, as byproducts of copper production. Revenue is predominantly generated through the sale of continuous cast wire rods, copper cathodes, precious metals, and continuous cast shapes, used in the manufacture of cables and wires, which are used in electrical applications. It has two segments, Multimetal Recycling and Custom Smelting & Products, which is the key revenue-generating segment. The company is based in Germany and has production sites across Europe and the United States.
73GF Score

Get the complete analysis for WBO:NDA

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

€184.20
Price
€98.59
GF Value