Doosan Skoda Power (XPRA:DSPW) Piotroski F-Score: 8 (As of Jul. 11, 2026) — 33% Above Median


XPRA:DSPW Doosan Skoda Power XPRA:DSPW
16 GF Score
Price Kč473.50
! 7 Warning Signs
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What is Doosan Skoda Power Piotroski F-Score?

Doosan Skoda Power XPRA:DSPW -0.11% 16 Piotroski F-Score is 8 as of Jul. 11, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates XPRA:DSPW with a GF Score™ of 16/100. The stock has 7 warning signs investors should review. Among 2,974 Industrial Products companies, Doosan Skoda Power ranks better than 97.92% 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

Doosan Skoda Power 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 Doosan Skoda Power's Piotroski F-Score or its related term are showing as below:

XPRA:DSPW' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 8
Current: 8

During the past 5 years, the highest Piotroski F-Score of Doosan Skoda Power was 8. The lowest was 5. And the median was 6.

Doosan Skoda Power  (XPRA:DSPW) 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.


Doosan Skoda Power Piotroski F-Score Related Terms


Doosan Skoda Power Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Doosan Skoda Power'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.

Doosan Skoda Power Piotroski F-Score Chart

Doosan Skoda Power Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A 5.00 6.00 8.00

Doosan Skoda Power Semi-Annual Data
Dec21 Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial 5.00 0.00 6.00 0.00 8.00

XPRA:DSPW vs GEV, ETN, PH: Piotroski F-Score Comparison

For the Specialty Industrial Machinery subindustry, Doosan Skoda Power'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.


Doosan Skoda Power Piotroski F-Score vs Industrial Products Industry

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

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


XPRA:DSPW
16GF Score
Doosan Skoda Power XPRA:DSPW
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 Kč521 Mil.
Cash Flow from Operations was Kč743 Mil.
Revenue was Kč5,632 Mil.
Gross Profit was Kč2,116 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (7128.784 + 8248.128) / 2 = Kč7688.456 Mil.
Total Assets at the begining of this year (Dec24) was Kč7,129 Mil.
Long-Term Debt & Capital Lease Obligation was Kč11 Mil.
Total Current Assets was Kč5,620 Mil.
Total Current Liabilities was Kč3,104 Mil.
Net Income was Kč660 Mil.

Revenue was Kč5,921 Mil.
Gross Profit was Kč2,065 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (8875.418 + 7128.784) / 2 = Kč8002.101 Mil.
Total Assets at the begining of last year (Dec23) was Kč8,875 Mil.
Long-Term Debt & Capital Lease Obligation was Kč13 Mil.
Total Current Assets was Kč4,519 Mil.
Total Current Liabilities was Kč2,619 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.

Doosan Skoda Power's current Net Income (TTM) was 521. ==> 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.

Doosan Skoda Power's current Cash Flow from Operations (TTM) was 743. ==> 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)
=521.43/7128.784
=0.07314431

ROA (Last Year)=Net Income/Total Assets (Dec23)
=659.823/8875.418
=0.07434275

Doosan Skoda Power's return on assets of this year was 0.07314431. Doosan Skoda Power's return on assets of last year was 0.07434275. ==> 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.

Doosan Skoda Power's current Net Income (TTM) was 521. Doosan Skoda Power's current Cash Flow from Operations (TTM) was 743. ==> 743 > 521 ==> 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
=11.359/7688.456
=0.00147741

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=12.952/8002.101
=0.00161857

Doosan Skoda Power's gearing of this year was 0.00147741. Doosan Skoda Power's gearing of last year was 0.00161857. ==> 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
=5620.094/3104.027
=1.81058154

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=4519.01/2619.163
=1.72536417

Doosan Skoda Power's current ratio of this year was 1.81058154. Doosan Skoda Power's current ratio of last year was 1.72536417. ==> This year's current ratio is higher. ==> Score 1.

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.

Doosan Skoda Power's number of shares in issue this year was 31.658. Doosan Skoda Power's number of shares in issue last year was 31.9. ==> 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
=2116.481/5631.664
=0.37581805

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2064.54/5920.598
=0.34870464

Doosan Skoda Power's gross margin of this year was 0.37581805. Doosan Skoda Power's gross margin of last year was 0.34870464. ==> 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)
=5631.664/7128.784
=0.78998943

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=5920.598/8875.418
=0.66707822

Doosan Skoda Power's asset turnover of this year was 0.78998943. Doosan Skoda Power's asset turnover of last year was 0.66707822. ==> 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+1+1+1+1
=8

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

Doosan Skoda Power 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?
Doosan Skoda Power (XPRA:DSPW) has a Piotroski F-Score of 8 as of Jul. 11, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Doosan Skoda Power and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Doosan Skoda Power's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Doosan Skoda Power ranks #62 out of 2974 companies in the Industrial Products industry, placing it in the top 2.1%.
Is Doosan Skoda Power's Piotroski F-Score too high?
Doosan Skoda Power's current Piotroski F-Score of 8 is 33% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Industrial Products industry median Piotroski F-Score is 5.00. Doosan Skoda Power's value of 8 is 60% above this industry median. Based on the distribution chart, Doosan Skoda Power ranks #62 out of 2974 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Doosan Skoda Power has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Doosan Skoda Power's Piotroski F-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Doosan Skoda Power ranks #62 out of 2974 companies for Piotroski F-Score. This places Doosan Skoda Power in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Doosan Skoda Power's value of 8 is 60% above this benchmark. Historically, Doosan Skoda Power's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Doosan Skoda Power 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 2,974 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. Doosan Skoda Power'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 Doosan Skoda Power 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. Doosan Skoda Power's current Piotroski F-Score is 8, which is 33% 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 Doosan Skoda Power stock overvalued right now?
Doosan Skoda Power (XPRA:DSPW) has a current Piotroski F-Score of 8. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Industrial Products industry median of 5.00. Doosan Skoda Power's overall GF Score™ is 16/100 with 7 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 Doosan Skoda Power (XPRA:DSPW), the current Piotroski F-Score is 8 as of Jul. 11, 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.

Doosan Skoda Power Business Description

Other Exchanges J3G:Germany
Address Tylova 1/57, Jizni Predmest, Pilsen, CZE, 301 00
Doosan Skoda Power is engaged in the manufacturing of steam turbines. The Company provides cutting-edge turbine designs, products, and services tailored for the energy generation sector. The Company encompasses engineering, design, manufacture, management, procurement, and construction of steam turbines and equipment relevant to turbine machine halls. The company's three primary sources of revenue are new product installations; service support including maintenance, repair, and overhaul services; and long-term service contracts. The company operates in single segment namely Turbines segment.
16GF Score

Get the complete analysis for XPRA:DSPW

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

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