Arbonia AG (XSWX:ARBN) Piotroski F-Score: 4 (As of Jun. 25, 2026) — 33% Below Median


XSWX:ARBN Arbonia AG XSWX:ARBN
55 GF Score
Price CHF3.62
GF Value CHF14.33
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Arbonia AG Piotroski F-Score?

Arbonia AG XSWX:ARBN -1.36% 55 Piotroski F-Score is 4 as of Jun. 25, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates XSWX:ARBN with a GF Score™ of 55/100 and a GF Value™ of CHF14.33 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,734 Construction companies, Arbonia AG ranks worse than 65.51% 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

Arbonia AG has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Arbonia AG's Piotroski F-Score or its related term are showing as below:

XSWX:ARBN' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 4

During the past 13 years, the highest Piotroski F-Score of Arbonia AG was 7. The lowest was 4. And the median was 6.

Arbonia AG  (XSWX:ARBN) 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.


Arbonia AG Piotroski F-Score Related Terms


Arbonia AG Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Arbonia AG'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.

Arbonia AG Piotroski F-Score Chart

Arbonia AG 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 6.00 4.00 4.00 7.00 4.00

Arbonia AG Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 4.00 0.00 7.00 0.00 4.00

XSWX:ARBN vs TT, JCI, CARR: Piotroski F-Score Comparison

For the Building Products & Equipment subindustry, Arbonia AG'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.


Arbonia AG Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Arbonia AG's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Arbonia AG's Piotroski F-Score falls into.


XSWX:ARBN
55GF Score
Arbonia AG XSWX:ARBN
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 CHF131.9 Mil.
Cash Flow from Operations was CHF1.7 Mil.
Revenue was CHF624.5 Mil.
Gross Profit was CHF383.2 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (1700.181 + 1094.271) / 2 = CHF1397.226 Mil.
Total Assets at the begining of this year (Dec24) was CHF1,700.2 Mil.
Long-Term Debt & Capital Lease Obligation was CHF39.5 Mil.
Total Current Assets was CHF194.0 Mil.
Total Current Liabilities was CHF259.7 Mil.
Net Income was CHF8.3 Mil.

Revenue was CHF556.3 Mil.
Gross Profit was CHF344.9 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (1482.578 + 1700.181) / 2 = CHF1591.3795 Mil.
Total Assets at the begining of last year (Dec23) was CHF1,482.6 Mil.
Long-Term Debt & Capital Lease Obligation was CHF32.6 Mil.
Total Current Assets was CHF826.3 Mil.
Total Current Liabilities was CHF659.4 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.

Arbonia AG's current Net Income (TTM) was 131.9. ==> 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.

Arbonia AG's current Cash Flow from Operations (TTM) was 1.7. ==> 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)
=131.867/1700.181
=0.07756057

ROA (Last Year)=Net Income/Total Assets (Dec23)
=8.279/1482.578
=0.00558419

Arbonia AG's return on assets of this year was 0.07756057. Arbonia AG's return on assets of last year was 0.00558419. ==> 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.

Arbonia AG's current Net Income (TTM) was 131.9. Arbonia AG's current Cash Flow from Operations (TTM) was 1.7. ==> 1.7 <= 131.9 ==> CFROA <= ROA ==> Score 0.

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
=39.54/1397.226
=0.02829893

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=32.629/1591.3795
=0.02050359

Arbonia AG's gearing of this year was 0.02829893. Arbonia AG's gearing of last year was 0.02050359. ==> Last year is lower than this year ==> Score 0.

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
=193.97/259.679
=0.74696067

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=826.315/659.366
=1.25319625

Arbonia AG's current ratio of this year was 0.74696067. Arbonia AG's current ratio of last year was 1.25319625. ==> 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.

Arbonia AG's number of shares in issue this year was 69.403. Arbonia AG's number of shares in issue last year was 69.427. ==> 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
=383.173/624.517
=0.61355095

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=344.921/556.308
=0.62001805

Arbonia AG's gross margin of this year was 0.61355095. Arbonia AG's gross margin of last year was 0.62001805. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec24)
=624.517/1700.181
=0.36732383

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=556.308/1482.578
=0.37523017

Arbonia AG's asset turnover of this year was 0.36732383. Arbonia AG's asset turnover of last year was 0.37523017. ==> 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+0+0+0+1+0+0
=4

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

Arbonia AG has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
Arbonia AG (XSWX:ARBN) has a Piotroski F-Score of 4 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Arbonia AG and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Arbonia AG's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Arbonia AG ranks #1136 out of 1734 companies in the Construction industry, placing it in the top 65.5%.
Is Arbonia AG's Piotroski F-Score too high?
Arbonia AG's current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Construction industry median Piotroski F-Score is 5.00. Arbonia AG's value of 4 is 20% below this industry median. Based on the distribution chart, Arbonia AG ranks #1136 out of 1734 companies in the Construction industry, which is below the industry midpoint. Overall, Arbonia AG has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Arbonia AG's Piotroski F-Score compare to TT and JCI?
According to the Construction industry distribution chart, Arbonia AG ranks #1136 out of 1734 companies for Piotroski F-Score. This places Arbonia AG in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Arbonia AG's value of 4 is 20% below this benchmark. Historically, Arbonia AG's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Arbonia AG 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,734 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. Arbonia AG's current Piotroski F-Score of 4 is 20% 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 Arbonia AG and its competitors. For the Construction 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. Arbonia AG's current Piotroski F-Score is 4, which is 33% below 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 Arbonia AG stock overvalued right now?
Based on GuruFocus' analysis, Arbonia AG (XSWX:ARBN) is currently considered Possible Value Trap. The stock's GF Value™ is CHF14.33, compared to a current price of CHF3.62 — trading 74.8% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Construction industry median of 5.00. Arbonia AG's overall GF Score™ is 55/100 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 Arbonia AG (XSWX:ARBN), the current Piotroski F-Score is 4 as of Jun. 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 Arbonia AG (XSWX:ARBN) Overvalued in 2026?

Based on GuruFocus' analysis, Arbonia AG stock appears to be undervalued. The current stock price of CHF3.62 is trading 74.8% below its estimated GF Value™ of CHF14.33. GuruFocus considers Arbonia AG to be Possible Value Trap.

Key valuation signals for XSWX:ARBN:

  • Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
  • GF Value™: CHF14.33 vs. price of CHF3.62 (74.8% below fair value)
  • GF Score™: 55/100 with 5 warning signs
  • Industry Position: 20% below the Construction median (#1136 of 1734)

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


Arbonia AG Business Description

Other Exchanges ARBNz:UK0QKR:UKANGA:Germany
Address Amriswilerstrasse 50, Arbon, CHE, CH-9320
Arbonia AG is a supplier in the field of interior doors made of wood and glass. The company is active as a supplier in Western, Central, and Eastern Europe with its own distribution companies. Its main production sites are located in Switzerland, Germany, Poland, Spain, the Czech Republic, Portugal, and France.
55GF Score

Get the complete analysis for XSWX:ARBN

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

CHF3.62
Price
CHF14.33
GF Value