Siegfried Holding AG (XSWX:SFZN) Piotroski F-Score: 6 (As of Jun. 25, 2026) — 14% Below Median


XSWX:SFZN Siegfried Holding AG XSWX:SFZN
94 GF Score
Price CHF69.65
GF Value CHF91.94
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Siegfried Holding AG Piotroski F-Score?

Siegfried Holding AG XSWX:SFZN +1.60% 94 Piotroski F-Score is 6 as of Jun. 25, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates XSWX:SFZN with a GF Score™ of 94/100 and a GF Value™ of CHF91.94 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 981 Drug Manufacturers companies, Siegfried Holding AG ranks better than 79.2% 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

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

XSWX:SFZN' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Siegfried Holding AG was 8. The lowest was 5. And the median was 7.

Siegfried Holding AG  (XSWX:SFZN) 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.


Siegfried Holding AG Piotroski F-Score Related Terms


Siegfried Holding AG Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Siegfried 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.

Siegfried Holding AG Piotroski F-Score Chart

Siegfried Holding 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 7.00 6.00 5.00 7.00 6.00

Siegfried 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 5.00 0.00 7.00 0.00 6.00

XSWX:SFZN vs ZTS, UTHR, VTRS: Piotroski F-Score Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Siegfried 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.


Siegfried Holding AG Piotroski F-Score vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Siegfried Holding AG's Piotroski F-Score distribution charts can be found below:

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


XSWX:SFZN
94GF Score
Siegfried Holding AG XSWX:SFZN
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 CHF169 Mil.
Cash Flow from Operations was CHF228 Mil.
Revenue was CHF1,328 Mil.
Gross Profit was CHF354 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (1933.722 + 2153.543) / 2 = CHF2043.6325 Mil.
Total Assets at the begining of this year (Dec24) was CHF1,934 Mil.
Long-Term Debt & Capital Lease Obligation was CHF0 Mil.
Total Current Assets was CHF1,049 Mil.
Total Current Liabilities was CHF525 Mil.
Net Income was CHF160 Mil.

Revenue was CHF1,295 Mil.
Gross Profit was CHF329 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (1861.505 + 1933.722) / 2 = CHF1897.6135 Mil.
Total Assets at the begining of last year (Dec23) was CHF1,862 Mil.
Long-Term Debt & Capital Lease Obligation was CHF0 Mil.
Total Current Assets was CHF939 Mil.
Total Current Liabilities was CHF307 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.

Siegfried Holding AG's current Net Income (TTM) was 169. ==> 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.

Siegfried Holding AG's current Cash Flow from Operations (TTM) was 228. ==> 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)
=168.659/1933.722
=0.08721988

ROA (Last Year)=Net Income/Total Assets (Dec23)
=160.064/1861.505
=0.08598634

Siegfried Holding AG's return on assets of this year was 0.08721988. Siegfried Holding AG's return on assets of last year was 0.08598634. ==> 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.

Siegfried Holding AG's current Net Income (TTM) was 169. Siegfried Holding AG's current Cash Flow from Operations (TTM) was 228. ==> 228 > 169 ==> 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
=0/2043.6325
=0

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0/1897.6135
=0

Siegfried Holding AG's gearing of this year was 0. Siegfried Holding AG's gearing of last year was 0. ==> 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
=1048.74/524.726
=1.9986431

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=939.375/306.599
=3.06385539

Siegfried Holding AG's current ratio of this year was 1.9986431. Siegfried Holding AG's current ratio of last year was 3.06385539. ==> 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.

Siegfried Holding AG's number of shares in issue this year was 43.76. Siegfried Holding AG's number of shares in issue last year was 43.094. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=353.994/1327.834
=0.26659507

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=329.057/1294.573
=0.25418188

Siegfried Holding AG's gross margin of this year was 0.26659507. Siegfried Holding AG's gross margin of last year was 0.25418188. ==> 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 (Dec24)
=1327.834/1933.722
=0.68667264

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1294.573/1861.505
=0.69544428

Siegfried Holding AG's asset turnover of this year was 0.68667264. Siegfried Holding AG's asset turnover of last year was 0.69544428. ==> 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+1+1+0+0+1+0
=6

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

Siegfried Holding AG has an F-score of 6 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 6 mean?
Siegfried Holding AG (XSWX:SFZN) has a Piotroski F-Score of 6 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Siegfried Holding AG and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Siegfried Holding AG's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Siegfried Holding AG ranks #204 out of 981 companies in the Drug Manufacturers industry, placing it in the top 20.8%.
Is Siegfried Holding AG's Piotroski F-Score too high?
Siegfried Holding AG's current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Drug Manufacturers industry median Piotroski F-Score is 5.00. Siegfried Holding AG's value of 6 is 20% above this industry median. Based on the distribution chart, Siegfried Holding AG ranks #204 out of 981 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers. Overall, Siegfried Holding AG has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Siegfried Holding AG's Piotroski F-Score compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Siegfried Holding AG ranks #204 out of 981 companies for Piotroski F-Score. This places Siegfried Holding AG in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Siegfried Holding AG's value of 6 is 20% above this benchmark. Historically, Siegfried Holding AG's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Siegfried 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 Drug Manufacturers company?
The median Piotroski F-Score among Drug Manufacturers companies is 5.00, based on 981 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. Siegfried Holding AG'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 Siegfried Holding AG and its competitors. For the Drug Manufacturers 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. Siegfried Holding AG's current Piotroski F-Score is 6, which is 14% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Siegfried Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Siegfried Holding AG (XSWX:SFZN) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF91.94, compared to a current price of CHF69.65 — trading 24.2% below its estimated fair value. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Drug Manufacturers industry median of 5.00. Siegfried Holding AG's overall GF Score™ is 94/100 with 2 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 Siegfried Holding AG (XSWX:SFZN), the current Piotroski F-Score is 6 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 Siegfried Holding AG (XSWX:SFZN) Overvalued in 2026?

Based on GuruFocus' analysis, Siegfried Holding AG stock appears to be undervalued. The current stock price of CHF69.65 is trading 24.2% below its estimated GF Value™ of CHF91.94. GuruFocus considers Siegfried Holding AG to be Modestly Undervalued.

Key valuation signals for XSWX:SFZN:

  • Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
  • GF Value™: CHF91.94 vs. price of CHF69.65 (24.2% below fair value)
  • GF Score™: 94/100 with 2 warning signs
  • Industry Position: 20% above the Drug Manufacturers median (#204 of 981)

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


Siegfried Holding AG Business Description

Address Untere Bruehlstrasse 4, Zofingen, CHE, CH-4800
Siegfried is a global contract development and manufacturing organization. It derives its revenue primarily from long-term supply agreements with biotechnology and pharmaceutical customers. Siegfried develops and manufactures active pharmaceutical ingredients, finished dosage forms (tablets, capsules, sterile vials, ampules, cartridges, and ointments), and viral vectors. The company provides these services throughout the entire drug lifecycle, including chemical and analytical development, pilot manufacturing, and commercial-scale manufacturing. Siegfried has a large global footprint with 13 production sites on three continents.
94GF Score

Get the complete analysis for XSWX:SFZN

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

CHF69.65
Price
CHF91.94
GF Value