Nilsson Special Vehicles AB (XSAT:NILS) Piotroski F-Score: 8 (As of Jul. 05, 2026) — 60% Above Median


XSAT:NILS Nilsson Special Vehicles AB XSAT:NILS
54 GF Score
Price kr3.84
GF Value kr2.85
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Nilsson Special Vehicles AB Piotroski F-Score?

Nilsson Special Vehicles AB XSAT:NILS -16.88% 54 Piotroski F-Score is 8 as of Jul. 05, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates XSAT:NILS with a GF Score™ of 54/100 and a GF Value™ of kr2.85 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,290 Vehicles & Parts companies, Nilsson Special Vehicles AB ranks better than 97.83% 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

Nilsson Special Vehicles AB 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 Nilsson Special Vehicles AB's Piotroski F-Score or its related term are showing as below:

XSAT:NILS' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of Nilsson Special Vehicles AB was 9. The lowest was 2. And the median was 5.

Nilsson Special Vehicles AB  (XSAT:NILS) 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.


Nilsson Special Vehicles AB Piotroski F-Score Related Terms


Nilsson Special Vehicles AB Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Nilsson Special Vehicles AB'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.

Nilsson Special Vehicles AB Piotroski F-Score Chart

Nilsson Special Vehicles AB 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 6.00 8.00 2.00 9.00

Nilsson Special Vehicles AB 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 3.00 4.00 6.00 9.00 8.00

XSAT:NILS vs TSLA, GM, F: Piotroski F-Score Comparison

For the Auto Manufacturers subindustry, Nilsson Special Vehicles AB'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.


Nilsson Special Vehicles AB Piotroski F-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Nilsson Special Vehicles AB's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Nilsson Special Vehicles AB's Piotroski F-Score falls into.


XSAT:NILS
54GF Score
Nilsson Special Vehicles AB XSAT:NILS
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 -1.506 + 0.373 + 3.255 + -0.144 = kr2.0 Mil.
Cash Flow from Operations was 7.576 + -4.881 + 9.152 + -6.537 = kr5.3 Mil.
Revenue was 41.432 + 39.5 + 43.521 + 31.319 = kr155.8 Mil.
Gross Profit was 8.817 + 8.247 + 9.927 + 9.584 = kr36.6 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(67.258 + 61.977 + 63.615 + 42.495 + 54.023) / 5 = kr57.8736 Mil.
Total Assets at the begining of this year (Mar25) was kr67.3 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.0 Mil.
Total Current Assets was kr42.8 Mil.
Total Current Liabilities was kr38.6 Mil.
Net Income was -2.937 + -2.069 + -0.258 + 0.087 = kr-5.2 Mil.

Revenue was 59.454 + 41.129 + 58.336 + 47.951 = kr206.9 Mil.
Gross Profit was 11.897 + 8.033 + 12.834 + 11.047 = kr43.8 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(82.618 + 66.818 + 80.134 + 52.682 + 67.258) / 5 = kr69.902 Mil.
Total Assets at the begining of last year (Mar24) was kr82.6 Mil.
Long-Term Debt & Capital Lease Obligation was kr0.0 Mil.
Total Current Assets was kr55.2 Mil.
Total Current Liabilities was kr50.1 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.

Nilsson Special Vehicles AB's current Net Income (TTM) was 2.0. ==> 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.

Nilsson Special Vehicles AB's current Cash Flow from Operations (TTM) was 5.3. ==> 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)
=1.978/67.258
=0.02940914

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-5.177/82.618
=-0.06266189

Nilsson Special Vehicles AB's return on assets of this year was 0.02940914. Nilsson Special Vehicles AB's return on assets of last year was -0.06266189. ==> 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.

Nilsson Special Vehicles AB's current Net Income (TTM) was 2.0. Nilsson Special Vehicles AB's current Cash Flow from Operations (TTM) was 5.3. ==> 5.3 > 2.0 ==> 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
=0/57.8736
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/69.902
=0

Nilsson Special Vehicles AB's gearing of this year was 0. Nilsson Special Vehicles AB'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
=42.779/38.566
=1.1092413

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=55.159/50.132
=1.10027527

Nilsson Special Vehicles AB's current ratio of this year was 1.1092413. Nilsson Special Vehicles AB's current ratio of last year was 1.10027527. ==> 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.

Nilsson Special Vehicles AB's number of shares in issue this year was 4.693. Nilsson Special Vehicles AB's number of shares in issue last year was 4.693. ==> 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
=36.575/155.772
=0.23479829

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=43.811/206.87
=0.21178035

Nilsson Special Vehicles AB's gross margin of this year was 0.23479829. Nilsson Special Vehicles AB's gross margin of last year was 0.21178035. ==> 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)
=155.772/67.258
=2.31603675

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=206.87/82.618
=2.50393377

Nilsson Special Vehicles AB's asset turnover of this year was 2.31603675. Nilsson Special Vehicles AB's asset turnover of last year was 2.50393377. ==> 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
=1+1+1+1+1+1+1+1+0
=8

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

Nilsson Special Vehicles AB 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?
Nilsson Special Vehicles AB (XSAT:NILS) has a Piotroski F-Score of 8 as of Jul. 05, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Nilsson Special Vehicles AB and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Nilsson Special Vehicles AB's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Nilsson Special Vehicles AB ranks #28 out of 1290 companies in the Vehicles & Parts industry, placing it in the top 2.2%.
Is Nilsson Special Vehicles AB's Piotroski F-Score too high?
Nilsson Special Vehicles AB'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 2.00 to a high of 9.00. The Vehicles & Parts industry median Piotroski F-Score is 5.00. Nilsson Special Vehicles AB's value of 8 is 60% above this industry median. Based on the distribution chart, Nilsson Special Vehicles AB ranks #28 out of 1290 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Nilsson Special Vehicles AB has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nilsson Special Vehicles AB's Piotroski F-Score compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Nilsson Special Vehicles AB ranks #28 out of 1290 companies for Piotroski F-Score. This places Nilsson Special Vehicles AB in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Nilsson Special Vehicles AB's value of 8 is 60% above this benchmark. Historically, Nilsson Special Vehicles AB's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Nilsson Special Vehicles AB 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 Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 5.00, based on 1,290 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. Nilsson Special Vehicles AB'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 Nilsson Special Vehicles AB and its competitors. For the Vehicles & Parts 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. Nilsson Special Vehicles AB'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 Nilsson Special Vehicles AB stock overvalued right now?
Based on GuruFocus' analysis, Nilsson Special Vehicles AB (XSAT:NILS) is currently considered Significantly Overvalued. The stock's GF Value™ is kr2.85, compared to a current price of kr3.84 — trading 34.7% above 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 Vehicles & Parts industry median of 5.00. Nilsson Special Vehicles AB's overall GF Score™ is 54/100 with 5 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 Nilsson Special Vehicles AB (XSAT:NILS), the current Piotroski F-Score is 8 as of Jul. 05, 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 Nilsson Special Vehicles AB (XSAT:NILS) Overvalued in 2026?

Based on GuruFocus' analysis, Nilsson Special Vehicles AB stock appears to be overvalued. The current stock price of kr3.84 is trading 34.7% above its estimated GF Value™ of kr2.85. GuruFocus considers Nilsson Special Vehicles AB to be Significantly Overvalued.

Key valuation signals for XSAT:NILS:

  • Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
  • GF Value™: kr2.85 vs. price of kr3.84 (34.7% above fair value)
  • GF Score™: 54/100 with 5 warning signs
  • Industry Position: 60% above the Vehicles & Parts median (#28 of 1290)

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


Nilsson Special Vehicles AB Business Description

Address Tegelbruksvagen 17, Laholm, SWE, 312 32
Nilsson Special Vehicles AB is a Swedish-based specialty car company. It produces and sells ambulances, funeral cars, and limousines. The company's customers are mainly in Europe, Scandinavia, and England. The Company's products include Hearses, Ambulances, Reinforced Vehicles, and Other Vehicles.
54GF Score

Get the complete analysis for XSAT:NILS

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

kr3.84
Price
kr2.85
GF Value