DSM-Firmenich AG (XSWX:DSFIR) Piotroski F-Score: 5 (As of Jun. 25, 2026) — Near Median


XSWX:DSFIR DSM-Firmenich AG XSWX:DSFIR
32 GF Score
Price CHF74.82
GF Value CHF70.90
Valuation Fairly Valued
! 5 Warning Signs
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What is DSM-Firmenich AG Piotroski F-Score?

DSM-Firmenich AG XSWX:DSFIR +5.62% 32 Piotroski F-Score is 5 as of Jun. 25, 2026, which is at its 10-year median of 5.00. GuruFocus rates XSWX:DSFIR with a GF Score™ of 32/100 and a GF Value™ of CHF70.90 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,566 Chemicals companies, DSM-Firmenich AG ranks better than 55.3% 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

DSM-Firmenich AG has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

XSWX:DSFIR' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 5   Max: 5
Current: 5

During the past 4 years, the highest Piotroski F-Score of DSM-Firmenich AG was 5. The lowest was 5. And the median was 5.

DSM-Firmenich AG  (XSWX:DSFIR) 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.


DSM-Firmenich AG Piotroski F-Score Related Terms


DSM-Firmenich AG Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for DSM-Firmenich 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.

DSM-Firmenich AG Piotroski F-Score Chart

DSM-Firmenich AG Annual Data
Trend Dec21 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A N/A 5.00

DSM-Firmenich AG Semi-Annual Data
Jun22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial N/A 0.00 N/A 0.00 5.00

XSWX:DSFIR vs LIN, SHW, ECL: Piotroski F-Score Comparison

For the Specialty Chemicals subindustry, DSM-Firmenich 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.


DSM-Firmenich AG Piotroski F-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, DSM-Firmenich AG's Piotroski F-Score distribution charts can be found below:

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


XSWX:DSFIR
32GF Score
DSM-Firmenich AG XSWX:DSFIR
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was CHF-1,009 Mil.
Cash Flow from Operations was CHF1,348 Mil.
Revenue was CHF8,430 Mil.
Gross Profit was CHF3,294 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (31506.623 + 27382.94) / 2 = CHF29444.7815 Mil.
Total Assets at the begining of this year (Dec24) was CHF31,507 Mil.
Long-Term Debt & Capital Lease Obligation was CHF3,375 Mil.
Total Current Assets was CHF8,298 Mil.
Total Current Liabilities was CHF5,219 Mil.
Net Income was CHF233 Mil.

Revenue was CHF8,453 Mil.
Gross Profit was CHF3,317 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (32319.189 + 31506.623) / 2 = CHF31912.906 Mil.
Total Assets at the begining of last year (Dec23) was CHF32,319 Mil.
Long-Term Debt & Capital Lease Obligation was CHF4,149 Mil.
Total Current Assets was CHF8,215 Mil.
Total Current Liabilities was CHF4,071 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.

DSM-Firmenich AG's current Net Income (TTM) was -1,009. ==> 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.

Score 1 if positive, 0 if negative.

DSM-Firmenich AG's current Cash Flow from Operations (TTM) was 1,348. ==> 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)
=-1008.722/31506.623
=-0.03201619

ROA (Last Year)=Net Income/Total Assets (Dec23)
=233.403/32319.189
=0.00722181

DSM-Firmenich AG's return on assets of this year was -0.03201619. DSM-Firmenich AG's return on assets of last year was 0.00722181. ==> 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.

DSM-Firmenich AG's current Net Income (TTM) was -1,009. DSM-Firmenich AG's current Cash Flow from Operations (TTM) was 1,348. ==> 1,348 > -1,009 ==> 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
=3375.161/29444.7815
=0.1146268

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=4148.974/31912.906
=0.13000928

DSM-Firmenich AG's gearing of this year was 0.1146268. DSM-Firmenich AG's gearing of last year was 0.13000928. ==> 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
=8298.398/5219.042
=1.59002323

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=8214.857/4070.551
=2.01811917

DSM-Firmenich AG's current ratio of this year was 1.59002323. DSM-Firmenich AG's current ratio of last year was 2.01811917. ==> 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.

DSM-Firmenich AG's number of shares in issue this year was 259.4. DSM-Firmenich AG's number of shares in issue last year was 264.6. ==> 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
=3293.978/8429.97
=0.39074611

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3317.125/8452.928
=0.39242319

DSM-Firmenich AG's gross margin of this year was 0.39074611. DSM-Firmenich AG's gross margin of last year was 0.39242319. ==> 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)
=8429.97/31506.623
=0.26756184

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=8452.928/32319.189
=0.26154518

DSM-Firmenich AG's asset turnover of this year was 0.26756184. DSM-Firmenich AG's asset turnover of last year was 0.26154518. ==> 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+1+0+1+1+0+1+0+1
=5

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

DSM-Firmenich AG has an F-score of 5 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 5 mean?
DSM-Firmenich AG (XSWX:DSFIR) has a Piotroski F-Score of 5 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on DSM-Firmenich AG and its competitors. This is near median its historical median of 5.00. Over the past decade, DSM-Firmenich AG's Piotroski F-Score has ranged from 5.00 to 5.00. According to the industry distribution chart, DSM-Firmenich AG ranks #700 out of 1566 companies in the Chemicals industry, placing it in the top 44.7%.
Is DSM-Firmenich AG's Piotroski F-Score too high?
DSM-Firmenich AG's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 5.00. The Chemicals industry median Piotroski F-Score is 5.00. DSM-Firmenich AG's value of 5 is 0% at this industry median. Based on the distribution chart, DSM-Firmenich AG ranks #700 out of 1566 companies in the Chemicals industry, which is above the industry midpoint. Overall, DSM-Firmenich AG has a GF Score™ of 32/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does DSM-Firmenich AG's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, DSM-Firmenich AG ranks #700 out of 1566 companies for Piotroski F-Score. This puts DSM-Firmenich AG in the upper half of its industry. The industry median Piotroski F-Score is 5.00. DSM-Firmenich AG's value of 5 is 0% at this benchmark. Historically, DSM-Firmenich AG's own Piotroski F-Score has ranged from 5.00 to 5.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, DSM-Firmenich AG has consistently been at 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,566 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. DSM-Firmenich AG's current Piotroski F-Score of 5 is 0% at 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 DSM-Firmenich AG and its competitors. For the Chemicals 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. DSM-Firmenich AG's current Piotroski F-Score is 5, which is near 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 DSM-Firmenich AG stock overvalued right now?
Based on GuruFocus' analysis, DSM-Firmenich AG (XSWX:DSFIR) is currently considered Fairly Valued. The stock's GF Value™ is CHF70.90, compared to a current price of CHF74.82 — trading 5.5% above its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Chemicals industry median of 5.00. DSM-Firmenich AG's overall GF Score™ is 32/100 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 DSM-Firmenich AG (XSWX:DSFIR), the current Piotroski F-Score is 5 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 DSM-Firmenich AG (XSWX:DSFIR) Overvalued in 2026?

Based on GuruFocus' analysis, DSM-Firmenich AG stock appears to be overvalued. The current stock price of CHF74.82 is trading 5.5% above its estimated GF Value™ of CHF70.90. GuruFocus considers DSM-Firmenich AG to be Fairly Valued.

Key valuation signals for XSWX:DSFIR:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: CHF70.90 vs. price of CHF74.82 (5.5% above fair value)
  • GF Score™: 32/100 with 5 warning signs
  • Industry Position: 0% at the Chemicals median (#700 of 1566)

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


DSM-Firmenich AG Business Description

Address Wurmisweg 576, Kaiseraugst, CHE, 4303
DSM-Firmenich is a global science-based company formed in 2023 through the merger of DSM, a Dutch nutrition, health, and sustainable living player, and Switzerland-based Firmenich, the third-largest player in the flavor and fragrance market. The company serves a wide range of end-consumer markets providing nutrition solutions ranging from medical and early-life nutrition, fragrances for personal-, home-, and laundry-care brands, prestige perfumes, and other ingredients for food and beverage, home, and personal care. DSM-Firmenich has nearly 30,000 employees, with more than 2,000 scientists and engineers spread across 15 research and development facilities.
32GF Score

Get the complete analysis for XSWX:DSFIR

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

CHF74.82
Price
CHF70.90
GF Value