Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Risk Intelligence ASXSAT:RISK -13.24%27 Piotroski F-Score is 6 as of Jul. 20, 2026, which is 50% above its 10-year median of 4.00. GuruFocus rates XSAT:RISK with a GF Score™ of 27/100 and a GF Value™ of kr0.96 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,066 Business Services companies, Risk Intelligence AS ranks better than 72.05% 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
Risk Intelligence AS 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 Risk Intelligence AS's Piotroski F-Score or its related term are showing as below:
XSAT:RISK'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 7
Current: 6
During the past 9 years, the highest Piotroski F-Score of Risk Intelligence AS was 7. The lowest was 2. And the median was 4.
Risk Intelligence AS (XSAT:RISK) 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.
Risk Intelligence AS Piotroski F-Score Related Terms
Risk Intelligence AS Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Risk Intelligence 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.
XSAT:RISK vs ALLE, MSA, ADT: Piotroski F-Score Comparison
For the Security & Protection Services subindustry, Risk Intelligence 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.
Risk Intelligence AS Piotroski F-Score vs Business Services Industry
For the Business Services industry and Industrials sector, Risk Intelligence AS's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Risk Intelligence 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.
Risk Intelligence AS's current Net Income (TTM) was -5.94.
==> 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.
Risk Intelligence AS's return on assets of this year was -0.15096499. Risk Intelligence AS's return on assets of last year was -0.20122216.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Risk Intelligence AS's gearing of this year was 0.15951956. Risk Intelligence AS's gearing of last year was 0.19038742.
==> 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
Risk Intelligence AS's current ratio of this year was 0.10182684. Risk Intelligence AS's current ratio of last year was 0.21217737.
==> 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.
Risk Intelligence AS's number of shares in issue this year was 26.329. Risk Intelligence AS's number of shares in issue last year was 28.075.
==> 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.
Risk Intelligence AS's gross margin of this year was 0.68024455. Risk Intelligence AS's gross margin of last year was 0.61914992.
==> 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
Risk Intelligence AS's asset turnover of this year was 0.70290131. Risk Intelligence AS's asset turnover of last year was 0.66651326.
==> 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
=
0
+
0
+
1
+
1
+
1
+
0
+
1
+
1
+
1
=
6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Risk Intelligence AS has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Risk Intelligence AS (XSAT:RISK) has a Piotroski F-Score of 6 as of Jul. 20, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Risk Intelligence AS and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, Risk Intelligence AS's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Risk Intelligence AS ranks #298 out of 1066 companies in the Business Services industry, placing it in the top 28%.
Is Risk Intelligence AS's Piotroski F-Score too high?
Risk Intelligence AS's current Piotroski F-Score of 6 is 50% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Business Services industry median Piotroski F-Score is 5.00. Risk Intelligence AS's value of 6 is 20% above this industry median. Based on the distribution chart, Risk Intelligence AS ranks #298 out of 1066 companies in the Business Services industry, which is above the industry midpoint. Overall, Risk Intelligence AS has a GF Score™ of 27/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Risk Intelligence AS's Piotroski F-Score compare to ALLE and MSA?
According to the Business Services industry distribution chart, Risk Intelligence AS ranks #298 out of 1066 companies for Piotroski F-Score. This puts Risk Intelligence AS in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Risk Intelligence AS's value of 6 is 20% above this benchmark. Historically, Risk Intelligence AS's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Risk Intelligence AS 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,066 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. Risk Intelligence AS'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 Risk Intelligence AS and its competitors. For the Business Services 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. Risk Intelligence AS's current Piotroski F-Score is 6, which is 50% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Risk Intelligence AS stock overvalued right now?
Based on GuruFocus' analysis, Risk Intelligence AS (XSAT:RISK) is currently considered Possible Value Trap. The stock's GF Value™ is kr0.96, compared to a current price of kr0.38 — trading 60.4% below its estimated fair value. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 20% above the Business Services industry median of 5.00. Risk Intelligence AS's overall GF Score™ is 27/100 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 Risk Intelligence AS (XSAT:RISK), the current Piotroski F-Score is 6 as of Jul. 20, 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 Risk Intelligence AS (XSAT:RISK) Overvalued in 2026?
Based on GuruFocus' analysis, Risk Intelligence AS stock appears to be undervalued.
The current stock price of kr0.38 is trading 60.4% below its estimated GF Value™ of kr0.96.
GuruFocus considers Risk Intelligence AS to be Possible Value Trap.
Key valuation signals for XSAT:RISK:
Piotroski F-Score: 6 (50% above median its 10-year median of 4.00)
GF Value™: kr0.96 vs. price of kr0.38 (60.4% below fair value)
Industry Position: 20% above the Business Services median (#298 of 1066)
No single metric tells the full story. See the XSAT:RISK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Risk Intelligence AS is a Danish security intelligence company engaged in providing intelligence-led advisory services to private and governmental clients on security threats and risks. The company offers subscription-based intelligence, bespoke advisory services, and risk assessments, particularly within maritime and port security.
27GF Score
Get the complete analysis for XSAT:RISK
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XSAT:RISK has been successfully added to your 
