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Safe at Sea ABXSAT:SAFE -0.82%43 Piotroski F-Score is 6 as of Jul. 27, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates XSAT:SAFE with a GF Score™ of 43/100 and a GF Value™ of kr0.97 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,066 Business Services companies, Safe at Sea AB ranks better than 71.95% 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
Safe at Sea AB 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 Safe at Sea AB's Piotroski F-Score or its related term are showing as below:
XSAT:SAFE'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 8
Current: 6
During the past 13 years, the highest Piotroski F-Score of Safe at Sea AB was 8. The lowest was 2. And the median was 5.
Safe at Sea AB (XSAT:SAFE) 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.
Safe at Sea AB Piotroski F-Score Related Terms
Safe at Sea AB Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Safe at Sea 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.
XSAT:SAFE vs ALLE, MSA, ADT: Piotroski F-Score Comparison
For the Security & Protection Services subindustry, Safe at Sea 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.
Safe at Sea AB Piotroski F-Score vs Business Services Industry
For the Business Services industry and Industrials sector, Safe at Sea AB's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Safe at Sea AB'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.
Safe at Sea AB's current Net Income (TTM) was 2.41.
==> 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.
Safe at Sea AB's return on assets of this year was 0.1200995. Safe at Sea AB's return on assets of last year was 0.09343033.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Safe at Sea AB's current ratio of this year was 2.086302. Safe at Sea AB's current ratio of last year was 1.8785393.
==> 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.
Safe at Sea AB's number of shares in issue this year was 27.747. Safe at Sea AB's number of shares in issue last year was 27.4.
==> There is larger number of shares in issue this year. ==> Score 0.
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.
Safe at Sea AB's gross margin of this year was 0.54781842. Safe at Sea AB's gross margin of last year was 0.44809978.
==> 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
Safe at Sea AB's asset turnover of this year was 1.01597015. Safe at Sea AB's asset turnover of last year was 1.25761537.
==> 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
Safe at Sea AB has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Safe at Sea AB (XSAT:SAFE) has a Piotroski F-Score of 6 as of Jul. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Safe at Sea AB and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Safe at Sea AB's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Safe at Sea AB ranks #299 out of 1066 companies in the Business Services industry, placing it in the top 28%.
Is Safe at Sea AB's Piotroski F-Score too high?
Safe at Sea AB's current Piotroski F-Score of 6 is 20% 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 8.00. The Business Services industry median Piotroski F-Score is 5.00. Safe at Sea AB's value of 6 is 20% above this industry median. Based on the distribution chart, Safe at Sea AB ranks #299 out of 1066 companies in the Business Services industry, which is above the industry midpoint. Overall, Safe at Sea AB has a GF Score™ of 43/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Safe at Sea AB's Piotroski F-Score compare to ALLE and MSA?
According to the Business Services industry distribution chart, Safe at Sea AB ranks #299 out of 1066 companies for Piotroski F-Score. This puts Safe at Sea AB in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Safe at Sea AB's value of 6 is 20% above this benchmark. Historically, Safe at Sea AB's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Safe at Sea 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 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. Safe at Sea AB'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 Safe at Sea AB 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. Safe at Sea AB's current Piotroski F-Score is 6, which is 20% 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 Safe at Sea AB stock overvalued right now?
Based on GuruFocus' analysis, Safe at Sea AB (XSAT:SAFE) is currently considered Modestly Overvalued. The stock's GF Value™ is kr0.97, compared to a current price of kr1.22 — trading 25.3% above its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Business Services industry median of 5.00. Safe at Sea AB's overall GF Score™ is 43/100 with 3 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 Safe at Sea AB (XSAT:SAFE), the current Piotroski F-Score is 6 as of Jul. 27, 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 Safe at Sea AB (XSAT:SAFE) Overvalued in 2026?
Based on GuruFocus' analysis, Safe at Sea AB stock appears to be overvalued.
The current stock price of kr1.22 is trading 25.3% above its estimated GF Value™ of kr0.97.
GuruFocus considers Safe at Sea AB to be Modestly Overvalued.
Key valuation signals for XSAT:SAFE:
Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
GF Value™: kr0.97 vs. price of kr1.22 (25.3% above fair value)
Industry Position: 20% above the Business Services median (#299 of 1066)
No single metric tells the full story. See the XSAT:SAFE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Safe at Sea AB engages in the production, promotion, and sale of sea rescue equipment and systems worldwide. It principally produces Rescuerunner and Guardrunner.
43GF Score
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