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Piotroski F-Score of 3 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
AtomTrace AS has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for AtomTrace AS's Piotroski F-Score or its related term are showing as below:
XPRA:ATOMT'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 7
Current: 3
During the past 8 years, the highest Piotroski F-Score of AtomTrace AS was 7. The lowest was 3. And the median was 5.
AtomTrace AS (XPRA:ATOMT) 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.
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.
AtomTrace AS Piotroski F-Score Related Terms
AtomTrace AS Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for AtomTrace 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.
XPRA:ATOMT vs COHR, KEYS, GRMN: Piotroski F-Score Comparison
For the Scientific & Technical Instruments subindustry, AtomTrace 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.
AtomTrace AS Piotroski F-Score vs Hardware Industry
For the Hardware industry and Technology sector, AtomTrace AS's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where AtomTrace AS's Piotroski F-Score falls into.
* 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.
*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.
AtomTrace AS's current Net Income (TTM) was -25.85.
==> 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.
AtomTrace AS's return on assets of this year was -0.88154843. AtomTrace AS's return on assets of last year was 0.0336156.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
AtomTrace AS's current ratio of this year was 0.62250098. AtomTrace AS's current ratio of last year was 3.24459309.
==> 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.
AtomTrace AS's number of shares in issue this year was 4.373. AtomTrace AS's number of shares in issue last year was 4.373.
==> 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.
AtomTrace AS's gross margin of this year was -4.24559342. AtomTrace AS's gross margin of last year was 0.31666588.
==> Last year's gross margin is higher ==> Score 0.
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
AtomTrace AS's asset turnover of this year was 0.14512278. AtomTrace AS's asset turnover of last year was 0.54706184.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
AtomTrace AS has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
AtomTrace AS (XPRA:ATOMT) has a Piotroski F-Score of 3 as of Jul. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on AtomTrace AS and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, AtomTrace AS's Piotroski F-Score has ranged from 3.00 to 7.00.
Is AtomTrace AS's Piotroski F-Score too high?
AtomTrace AS's current Piotroski F-Score of 3 is 40% 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 7.00. The Hardware industry median Piotroski F-Score is 5.00. AtomTrace AS's value of 3 is 40% below this industry median. Overall, AtomTrace AS has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does AtomTrace AS's Piotroski F-Score compare to COHR and KEYS?
AtomTrace AS's Piotroski F-Score of 3 can be compared against companies in the Hardware industry. The industry median Piotroski F-Score is 5.00. AtomTrace AS's value of 3 is 40% below this benchmark. Historically, AtomTrace AS's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, AtomTrace AS 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,427 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. AtomTrace AS's current Piotroski F-Score of 3 is 40% 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 AtomTrace AS and its competitors. For the Hardware 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. AtomTrace AS's current Piotroski F-Score is 3, which is 40% 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 AtomTrace AS stock overvalued right now?
AtomTrace AS (XPRA:ATOMT) has a current Piotroski F-Score of 3. The stock's GF Value™ is Kč31.26, compared to a current price of Kč7.00 — trading 77.6% below its estimated fair value. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 40% below the Hardware industry median of 5.00. AtomTrace AS's overall GF Score™ is 58/100 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 AtomTrace AS (XPRA:ATOMT), the current Piotroski F-Score is 3 as of Jul. 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 AtomTrace AS (XPRA:ATOMT) Overvalued in 2026?
Based on GuruFocus' analysis, AtomTrace AS stock appears to be undervalued.
The current stock price of Kč7.00 is trading 77.6% below its estimated GF Value™ of Kč31.26.
Key valuation signals for XPRA:ATOMT:
Piotroski F-Score: 3 (40% below median its 10-year median of 5.00)
GF Value™: Kč31.26 vs. price of Kč7.00 (77.6% below fair value)
No single metric tells the full story. See the XPRA:ATOMT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AtomTrace AS provides technology that performs multi-elemental analysis of periodic table elements including those with low atomic weight. The company's products comprise LIBS Interaction Chamber, LIBS Sci-Trace, LIBS X-Trace, LIBS Application Setup, LIBS Software-AtomAnalyzer, and Digital Delay Generator.
58GF Score
Get the complete analysis for XPRA:ATOMT
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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