KWSAT SE KGaA (XTER:KWS) Piotroski F-Score: 4 (As of Jun. 25, 2026) — 20% Below Median


XTER:KWS KWS SAAT SE & Co KGaA XTER:KWS
78 GF Score
Price €66.40
GF Value €59.42
Valuation Modestly Overvalued
! 2 Warning Signs
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What is KWSAT SE KGaA Piotroski F-Score?

KWSAT SE KGaA XTER:KWS 78 Piotroski F-Score is 4 as of Jun. 25, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates XTER:KWS with a GF Score™ of 78/100 and a GF Value™ of €59.42 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 252 Agriculture companies, KWSAT SE KGaA ranks worse than 65.08% 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

KWSAT SE KGaA 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 KWSAT SE KGaA's Piotroski F-Score or its related term are showing as below:

XTER:KWS' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 4

During the past 13 years, the highest Piotroski F-Score of KWSAT SE KGaA was 7. The lowest was 3. And the median was 5.

KWSAT SE KGaA  (XTER:KWS) 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.


KWSAT SE KGaA Piotroski F-Score Related Terms


KWSAT SE KGaA Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for KWSAT SE KGaA'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.

KWSAT SE KGaA Piotroski F-Score Chart

KWSAT SE KGaA 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 5.00 6.00 6.00 5.00 5.00

KWSAT SE KGaA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 7.00 5.00 6.00 6.00 4.00

XTER:KWS vs CTVA, CF, MOS: Piotroski F-Score Comparison

For the Agricultural Inputs subindustry, KWSAT SE KGaA'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.


KWSAT SE KGaA Piotroski F-Score vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, KWSAT SE KGaA's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where KWSAT SE KGaA's Piotroski F-Score falls into.


XTER:KWS
78GF Score
KWS SAAT SE & Co KGaA XTER:KWS
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was -68.554 + -9.8 + -54 + 283.8 = €151 Mil.
Cash Flow from Operations was 174.117 + -84.3 + -79.8 + 112.3 = €122 Mil.
Revenue was 332.328 + 228.2 + 183.1 + 937.3 = €1,681 Mil.
Gross Profit was 332.328 + 228.2 + 183.1 + 937.3 = €1,681 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2950.7 + 2676.221 + 2738.7 + 2610.8 + 3092.3) / 5 = €2813.7442 Mil.
Total Assets at the begining of this year (Mar25) was €2,951 Mil.
Long-Term Debt & Capital Lease Obligation was €41 Mil.
Total Current Assets was €1,873 Mil.
Total Current Liabilities was €892 Mil.
Net Income was -64.67 + 69.5 + -77.7 + 313.1 = €240 Mil.

Revenue was 317.718 + 248.6 + 168.6 + 927.2 = €1,662 Mil.
Gross Profit was 317.718 + 248.6 + 168.6 + 927.2 = €1,662 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(3349.5 + 2956.093 + 2690.9 + 2589.9 + 2950.7) / 5 = €2907.4186 Mil.
Total Assets at the begining of last year (Mar24) was €3,350 Mil.
Long-Term Debt & Capital Lease Obligation was €436 Mil.
Total Current Assets was €1,712 Mil.
Total Current Liabilities was €658 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.

KWSAT SE KGaA's current Net Income (TTM) was 151. ==> 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.

KWSAT SE KGaA's current Cash Flow from Operations (TTM) was 122. ==> 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 (Mar25)
=151.446/2950.7
=0.05132545

ROA (Last Year)=Net Income/Total Assets (Mar24)
=240.23/3349.5
=0.07172115

KWSAT SE KGaA's return on assets of this year was 0.05132545. KWSAT SE KGaA's return on assets of last year was 0.07172115. ==> 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.

KWSAT SE KGaA's current Net Income (TTM) was 151. KWSAT SE KGaA's current Cash Flow from Operations (TTM) was 122. ==> 122 <= 151 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=40.6/2813.7442
=0.01442917

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=436.2/2907.4186
=0.15003

KWSAT SE KGaA's gearing of this year was 0.01442917. KWSAT SE KGaA's gearing of last year was 0.15003. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=1873.1/892.4
=2.09894666

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1711.7/658.2
=2.60057733

KWSAT SE KGaA's current ratio of this year was 2.09894666. KWSAT SE KGaA's current ratio of last year was 2.60057733. ==> 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.

KWSAT SE KGaA's number of shares in issue this year was 33. KWSAT SE KGaA's number of shares in issue last year was 32.993. ==> 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
=1680.928/1680.928
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1662.118/1662.118
=1

KWSAT SE KGaA's gross margin of this year was 1. KWSAT SE KGaA's gross margin of last year was 1. ==> 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 (Mar25)
=1680.928/2950.7
=0.56967093

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1662.118/3349.5
=0.49622869

KWSAT SE KGaA's asset turnover of this year was 0.56967093. KWSAT SE KGaA's asset turnover of last year was 0.49622869. ==> 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+0+0+1+0+0+0+1
=4

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

KWSAT SE KGaA 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?
KWSAT SE KGaA (XTER:KWS) 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 KWSAT SE KGaA and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, KWSAT SE KGaA's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, KWSAT SE KGaA ranks #164 out of 252 companies in the Agriculture industry, placing it in the top 65.1%.
Is KWSAT SE KGaA's Piotroski F-Score too high?
KWSAT SE KGaA's current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Agriculture industry median Piotroski F-Score is 5.00. KWSAT SE KGaA's value of 4 is 20% below this industry median. Based on the distribution chart, KWSAT SE KGaA ranks #164 out of 252 companies in the Agriculture industry, which is below the industry midpoint. Overall, KWSAT SE KGaA has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KWSAT SE KGaA's Piotroski F-Score compare to CTVA and CF?
According to the Agriculture industry distribution chart, KWSAT SE KGaA ranks #164 out of 252 companies for Piotroski F-Score. This places KWSAT SE KGaA in the lower half of its industry. The industry median Piotroski F-Score is 5.00. KWSAT SE KGaA's value of 4 is 20% below this benchmark. Historically, KWSAT SE KGaA's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, KWSAT SE KGaA 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 an Agriculture company?
The median Piotroski F-Score among Agriculture companies is 5.00, based on 252 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. KWSAT SE KGaA'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 KWSAT SE KGaA and its competitors. For the Agriculture 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. KWSAT SE KGaA's current Piotroski F-Score is 4, which is 20% below 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 KWSAT SE KGaA stock overvalued right now?
Based on GuruFocus' analysis, KWSAT SE KGaA (XTER:KWS) is currently considered Modestly Overvalued. The stock's GF Value™ is €59.42, compared to a current price of €66.40 — trading 11.7% above its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Agriculture industry median of 5.00. KWSAT SE KGaA's overall GF Score™ is 78/100 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 KWSAT SE KGaA (XTER:KWS), 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 KWSAT SE KGaA (XTER:KWS) Overvalued in 2026?

Based on GuruFocus' analysis, KWSAT SE KGaA stock appears to be overvalued. The current stock price of €66.40 is trading 11.7% above its estimated GF Value™ of €59.42. GuruFocus considers KWSAT SE KGaA to be Modestly Overvalued.

Key valuation signals for XTER:KWS:

  • Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
  • GF Value™: €59.42 vs. price of €66.40 (11.7% above fair value)
  • GF Score™: 78/100 with 2 warning signs
  • Industry Position: 20% below the Agriculture median (#164 of 252)

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


KWSAT SE KGaA Business Description

Address Grimsehlstrasse 31, P.O. Box 1463, Einbeck, NI, DEU, 37555
KWS SAAT SE & Co KGaA breeds and distributes agriculture seeds internationally. The segments of the company focus on sugarbeet, corn, cereals, vegetables, and corporates. The company works on breeding new varieties and seed multiplication to produce the results for farmers. Plants and seeds are monitored at different stages of the lifecycle to ensure high quality. Products, processes, and consulting are marketed to farmers as certain expertise is needed in different regions of the world. The company generates key revenue from Sugarbeet and Corn.
78GF Score

Get the complete analysis for XTER:KWS

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

€66.40
Price
€59.42
GF Value