Ease2pay NV (XAMS:EAS2P) Piotroski F-Score: 8 (As of Jul. 14, 2026) — 60% Above Median

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XAMS:EAS2P Ease2pay NV XAMS:EAS2P
35 GF Score
Price €0.42
GF Value €0.73
Valuation Possible Value Trap
! 1 Warning Sign
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What is Ease2pay NV Piotroski F-Score?

Ease2pay NV XAMS:EAS2P -0.71% 35 Piotroski F-Score is 8 as of Jul. 14, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates XAMS:EAS2P with a GF Score™ of 35/100 and a GF Value™ of €0.73 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 2,740 Software companies, Ease2pay NV ranks better than 98.58% 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

Ease2pay NV 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 Ease2pay NV's Piotroski F-Score or its related term are showing as below:

XAMS:EAS2P' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Ease2pay NV was 8. The lowest was 3. And the median was 5.

Ease2pay NV  (XAMS:EAS2P) 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.


Ease2pay NV Piotroski F-Score Related Terms


Ease2pay NV Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Ease2pay NV'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.

Ease2pay NV Piotroski F-Score Chart

Ease2pay NV 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 5.00 5.00 4.00 8.00 8.00

Ease2pay NV Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 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 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 4.00 0.00 8.00 0.00 8.00

XAMS:EAS2P vs MSFT, ORCL, PLTR: Piotroski F-Score Comparison

For the Software - Infrastructure subindustry, Ease2pay NV'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.


Ease2pay NV Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, Ease2pay NV's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Ease2pay NV's Piotroski F-Score falls into.


XAMS:EAS2P
35GF Score
Ease2pay NV XAMS:EAS2P
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 €0.29 Mil.
Cash Flow from Operations was €1.08 Mil.
Revenue was €3.90 Mil.
Gross Profit was €2.62 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (8.134 + 10.024) / 2 = €9.079 Mil.
Total Assets at the begining of this year (Dec24) was €8.13 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 Mil.
Total Current Assets was €6.85 Mil.
Total Current Liabilities was €3.22 Mil.
Net Income was €-0.80 Mil.

Revenue was €2.89 Mil.
Gross Profit was €1.76 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (9.66 + 8.134) / 2 = €8.897 Mil.
Total Assets at the begining of last year (Dec23) was €9.66 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 Mil.
Total Current Assets was €4.25 Mil.
Total Current Liabilities was €1.61 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.

Ease2pay NV's current Net Income (TTM) was 0.29. ==> 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.

Ease2pay NV's current Cash Flow from Operations (TTM) was 1.08. ==> 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)
=0.288/8.134
=0.03540693

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-0.803/9.66
=-0.08312629

Ease2pay NV's return on assets of this year was 0.03540693. Ease2pay NV's return on assets of last year was -0.08312629. ==> 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.

Ease2pay NV's current Net Income (TTM) was 0.29. Ease2pay NV's current Cash Flow from Operations (TTM) was 1.08. ==> 1.08 > 0.29 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=0/9.079
=0

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0/8.897
=0

Ease2pay NV's gearing of this year was 0. Ease2pay NV'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: Dec25)=Total Current Assets/Total Current Liabilities
=6.847/3.215
=2.12970451

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=4.252/1.613
=2.63608184

Ease2pay NV's current ratio of this year was 2.12970451. Ease2pay NV's current ratio of last year was 2.63608184. ==> 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.

Ease2pay NV's number of shares in issue this year was 23.542. Ease2pay NV's number of shares in issue last year was 23.542. ==> 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
=2.621/3.896
=0.67274127

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1.757/2.886
=0.60880111

Ease2pay NV's gross margin of this year was 0.67274127. Ease2pay NV's gross margin of last year was 0.60880111. ==> 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)
=3.896/8.134
=0.47897713

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=2.886/9.66
=0.29875776

Ease2pay NV's asset turnover of this year was 0.47897713. Ease2pay NV's asset turnover of last year was 0.29875776. ==> 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+0+1+1+1
=8

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

Ease2pay NV 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?
Ease2pay NV (XAMS:EAS2P) has a Piotroski F-Score of 8 as of Jul. 14, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Ease2pay NV and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Ease2pay NV's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Ease2pay NV ranks #39 out of 2740 companies in the Software industry, placing it in the top 1.4%.
Is Ease2pay NV's Piotroski F-Score too high?
Ease2pay NV'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 3.00 to a high of 8.00. The Software industry median Piotroski F-Score is 5.00. Ease2pay NV's value of 8 is 60% above this industry median. Based on the distribution chart, Ease2pay NV ranks #39 out of 2740 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Ease2pay NV has a GF Score™ of 35/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ease2pay NV's Piotroski F-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, Ease2pay NV ranks #39 out of 2740 companies for Piotroski F-Score. This places Ease2pay NV in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Ease2pay NV's value of 8 is 60% above this benchmark. Historically, Ease2pay NV'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, Ease2pay NV 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,740 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. Ease2pay NV'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 Ease2pay NV and its competitors. For the Software 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. Ease2pay NV'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 Ease2pay NV stock overvalued right now?
Based on GuruFocus' analysis, Ease2pay NV (XAMS:EAS2P) is currently considered Possible Value Trap. The stock's GF Value™ is €0.73, compared to a current price of €0.42 — trading 42.9% 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 60% above the Software industry median of 5.00. Ease2pay NV's overall GF Score™ is 35/100 with 1 warning sign 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 Ease2pay NV (XAMS:EAS2P), the current Piotroski F-Score is 8 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 Ease2pay NV (XAMS:EAS2P) Overvalued in 2026?

Based on GuruFocus' analysis, Ease2pay NV stock appears to be undervalued. The current stock price of €0.42 is trading 42.9% below its estimated GF Value™ of €0.73. GuruFocus considers Ease2pay NV to be Possible Value Trap.

Key valuation signals for XAMS:EAS2P:

  • Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
  • GF Value™: €0.73 vs. price of €0.42 (42.9% below fair value)
  • GF Score™: 35/100 with 1 warning sign
  • Industry Position: 60% above the Software median (#39 of 2740)

No single metric tells the full story. See the XAMS:EAS2P stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ease2pay NV Business Description

Other Exchanges 0E63:UKDOC2:Germany
Address Coolsingel 139, Rotterdam, ZH, NLD, 3012 AG
Ease2pay NV provides services via its payment transaction platform, which offers users services to order and pay in one action. It also operates a platform that connects travellers with providers of parking and charging facilities, not only on the road but also on water. The company's offers services such as parking payment, refueling payment, reserving a parking bay or mooring and arranging access to electricity and tap water and possibly additional facilities, such as launderettes,, charging private cars, on- and off-street parking and other services.
35GF Score

Get the complete analysis for XAMS:EAS2P

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

€0.42
Price
€0.73
GF Value