dorma+kaba Holding AG (XSWX:KABNE) Piotroski F-Score: 8 (As of Jun. 27, 2026) — 33% Above Median


What is dorma+kaba Holding AG Piotroski F-Score?

dorma+kaba Holding AG XSWX:KABNE 66 Piotroski F-Score is 8 as of Jun. 27, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates XSWX:KABNE with a GF Score™ of 66/100. The stock has 5 warning signs investors should review. Among 1,735 Construction companies, dorma+kaba Holding AG ranks better than 98.39% 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

dorma+kaba Holding AG 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 dorma+kaba Holding AG's Piotroski F-Score or its related term are showing as below:

XSWX:KABNE' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of dorma+kaba Holding AG was 8. The lowest was 4. And the median was 6.

dorma+kaba Holding AG  (XSWX:KABNE) 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.


dorma+kaba Holding AG Piotroski F-Score Related Terms


dorma+kaba Holding AG Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for dorma+kaba Holding 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.

dorma+kaba Holding AG Piotroski F-Score Chart

dorma+kaba Holding AG Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 5.00 7.00 6.00 8.00

dorma+kaba Holding 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 0.00 6.00 0.00 8.00 0.00

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

For the Building Products & Equipment subindustry, dorma+kaba Holding 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.


dorma+kaba Holding AG Piotroski F-Score vs Construction Industry

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

* The bar in red indicates where dorma+kaba Holding AG's Piotroski F-Score falls into.


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 (Jun25) TTM:Last Year (Jun24) TTM:
Net Income was CHF97.90 Mil.
Cash Flow from Operations was CHF264.50 Mil.
Revenue was CHF2,870.10 Mil.
Gross Profit was CHF1,175.40 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (1965.5 + 2174.5) / 2 = CHF2070 Mil.
Total Assets at the begining of this year (Jun24) was CHF1,965.50 Mil.
Long-Term Debt & Capital Lease Obligation was CHF477.50 Mil.
Total Current Assets was CHF1,479.90 Mil.
Total Current Liabilities was CHF1,011.60 Mil.
Net Income was CHF42.20 Mil.

Revenue was CHF2,837.10 Mil.
Gross Profit was CHF1,141.70 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (1946.5 + 1965.5) / 2 = CHF1956 Mil.
Total Assets at the begining of last year (Jun23) was CHF1,946.50 Mil.
Long-Term Debt & Capital Lease Obligation was CHF598.90 Mil.
Total Current Assets was CHF1,216.20 Mil.
Total Current Liabilities was CHF729.50 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.

dorma+kaba Holding AG's current Net Income (TTM) was 97.90. ==> 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.

dorma+kaba Holding AG's current Cash Flow from Operations (TTM) was 264.50. ==> 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 (Jun24)
=97.9/1965.5
=0.04980921

ROA (Last Year)=Net Income/Total Assets (Jun23)
=42.2/1946.5
=0.02167994

dorma+kaba Holding AG's return on assets of this year was 0.04980921. dorma+kaba Holding AG's return on assets of last year was 0.02167994. ==> 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.

dorma+kaba Holding AG's current Net Income (TTM) was 97.90. dorma+kaba Holding AG's current Cash Flow from Operations (TTM) was 264.50. ==> 264.50 > 97.90 ==> 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: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=477.5/2070
=0.23067633

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=598.9/1956
=0.30618609

dorma+kaba Holding AG's gearing of this year was 0.23067633. dorma+kaba Holding AG's gearing of last year was 0.30618609. ==> 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: Jun25)=Total Current Assets/Total Current Liabilities
=1479.9/1011.6
=1.46293001

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=1216.2/729.5
=1.66716929

dorma+kaba Holding AG's current ratio of this year was 1.46293001. dorma+kaba Holding AG's current ratio of last year was 1.66716929. ==> 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.

dorma+kaba Holding AG's number of shares in issue this year was 0. dorma+kaba Holding AG's number of shares in issue last year was 0. ==> 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
=1175.4/2870.1
=0.40953277

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1141.7/2837.1
=0.40241796

dorma+kaba Holding AG's gross margin of this year was 0.40953277. dorma+kaba Holding AG's gross margin of last year was 0.40241796. ==> 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 (Jun24)
=2870.1/1965.5
=1.46023912

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=2837.1/1946.5
=1.45753917

dorma+kaba Holding AG's asset turnover of this year was 1.46023912. dorma+kaba Holding AG's asset turnover of last year was 1.45753917. ==> 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
=1+1+1+1+1+0+1+1+1
=8

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

dorma+kaba Holding AG 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?
dorma+kaba Holding AG (XSWX:KABNE) has a Piotroski F-Score of 8 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on dorma+kaba Holding AG and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, dorma+kaba Holding AG's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, dorma+kaba Holding AG ranks #28 out of 1735 companies in the Construction industry, placing it in the top 1.6%.
Is dorma+kaba Holding AG's Piotroski F-Score too high?
dorma+kaba Holding AG's current Piotroski F-Score of 8 is 33% above 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 8.00. The Construction industry median Piotroski F-Score is 5.00. dorma+kaba Holding AG's value of 8 is 60% above this industry median. Based on the distribution chart, dorma+kaba Holding AG ranks #28 out of 1735 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, dorma+kaba Holding AG has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does dorma+kaba Holding AG's Piotroski F-Score compare to TT and JCI?
According to the Construction industry distribution chart, dorma+kaba Holding AG ranks #28 out of 1735 companies for Piotroski F-Score. This places dorma+kaba Holding AG in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. dorma+kaba Holding AG's value of 8 is 60% above this benchmark. Historically, dorma+kaba Holding AG's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, dorma+kaba Holding AG 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,735 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. dorma+kaba Holding AG'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 dorma+kaba Holding 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. dorma+kaba Holding AG's current Piotroski F-Score is 8, which is 33% above 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 dorma+kaba Holding AG stock overvalued right now?
dorma+kaba Holding AG (XSWX:KABNE) has a current Piotroski F-Score of 8. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Construction industry median of 5.00. dorma+kaba Holding AG's overall GF Score™ is 66/100 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 dorma+kaba Holding AG (XSWX:KABNE), the current Piotroski F-Score is 8 as of Jun. 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.

dorma+kaba Holding AG Business Description

Address Hofwisenstrasse 24, Rumlang, CHE, 8153
dorma+kaba Holding AG is a security group that provides smart and secure access solutions and systems in the security industry. The group offers products such as Door Hardware, Entrance Systems, Electronic Access & Data, Mechanical Key Systems, Lodging Systems, Safe Locks, Movable Walls, Key Systems, and dormakaba digital. Its Services are Maintenance, Emergency Callout & Repair, Genuine Spare Parts, Modernization & Upgrades, Installation, Training & Webinars, Consulting, and Digital Services. The company has two operating segments: Access Solutions and Key & Wall Solutions and OEM. It generates the majority of its revenue from the Access Solutions segment.