Sino AG (XTER:XTP) Piotroski F-Score: 8 (As of Jul. 05, 2026) — 33% Above Median


XTER:XTP Sino AG XTER:XTP
65 GF Score
Price €106.00
GF Value €76.23
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Sino AG Piotroski F-Score?

Sino AG XTER:XTP +0.47% 65 Piotroski F-Score is 8 as of Jul. 05, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates XTER:XTP with a GF Score™ of 65/100 and a GF Value™ of €76.23 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 785 Capital Markets companies, Sino AG ranks better than 98.34% 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

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

XTER:XTP' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Sino AG was 8. The lowest was 2. And the median was 6.

Sino AG  (XTER:XTP) 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.


Sino AG Piotroski F-Score Related Terms


Sino AG Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Sino 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.

Sino AG Piotroski F-Score Chart

Sino AG Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 5.00 5.00 7.00 8.00

Sino AG Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.00 7.00 0.00 8.00 0.00

XTER:XTP vs MS, GS, SCHW: Piotroski F-Score Comparison

For the Capital Markets subindustry, Sino 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.


Sino AG Piotroski F-Score vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Sino AG's Piotroski F-Score distribution charts can be found below:

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


XTER:XTP
65GF Score
Sino AG XTER:XTP
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 (Sep25) TTM:Last Year (Sep24) TTM:
Net Income was €1.00 Mil.
Cash Flow from Operations was €2.63 Mil.
Revenue was €9.45 Mil.
Average Total Assets from the begining of this year (Sep24)
to the end of this year (Sep25) was (14.423 + 15.653) / 2 = €15.038 Mil.
Total Assets at the begining of this year (Sep24) was €14.42 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 Mil.
Total Assets was €15.65 Mil.
Total Liabilities was €2.38 Mil.
Net Income was €0.89 Mil.

Revenue was €8.83 Mil.
Average Total Assets from the begining of last year (Sep23)
to the end of last year (Sep24) was (13.911 + 14.423) / 2 = €14.167 Mil.
Total Assets at the begining of last year (Sep23) was €13.91 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 Mil.
Total Assets was €14.42 Mil.
Total Liabilities was €2.15 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.

Sino AG's current Net Income (TTM) was 1.00. ==> 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.

Sino AG's current Cash Flow from Operations (TTM) was 2.63. ==> 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 (Sep24)
=1.004/14.423
=0.06961104

ROA (Last Year)=Net Income/Total Assets (Sep23)
=0.888/13.911
=0.06383438

Sino AG's return on assets of this year was 0.06961104. Sino AG's return on assets of last year was 0.06383438. ==> 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.

Sino AG's current Net Income (TTM) was 1.00. Sino AG's current Cash Flow from Operations (TTM) was 2.63. ==> 2.63 > 1.00 ==> 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: Sep25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep24 to Sep25
=0/15.038
=0

Gearing (Last Year: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=0/14.167
=0

Sino AG's gearing of this year was 0. Sino 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

* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.

Current Ratio (This Year: Sep25)=Total Assets/Total Liabilities
=15.653/2.377
=6.58519142

Current Ratio (Last Year: Sep24)=Total Assets/Total Liabilities
=14.423/2.15
=6.70837209

Sino AG's current ratio of this year was 6.58519142. Sino AG's current ratio of last year was 6.70837209. ==> 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.

Sino AG's number of shares in issue this year was 2.334. Sino AG's number of shares in issue last year was 2.338. ==> 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.

* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.

Net Margin (This Year: TTM)=Net Income/Revenue
=1.004/9.454
=0.10619843

Net Margin (Last Year: TTM)=Net Income/Revenue
=0.888/8.825
=0.10062323

Sino AG's net margin of this year was 0.10619843. Sino AG's net margin of last year was 0.10062323. ==> This year's net 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 (Sep24)
=9.454/14.423
=0.65548083

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep23)
=8.825/13.911
=0.63439005

Sino AG's asset turnover of this year was 0.65548083. Sino AG's asset turnover of last year was 0.63439005. ==> 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

Sino 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?
Sino AG (XTER:XTP) has a Piotroski F-Score of 8 as of Jul. 05, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sino AG and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Sino AG's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Sino AG ranks #13 out of 785 companies in the Capital Markets industry, placing it in the top 1.7%.
Is Sino AG's Piotroski F-Score too high?
Sino 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 2.00 to a high of 8.00. The Capital Markets industry median Piotroski F-Score is 5.00. Sino AG's value of 8 is 60% above this industry median. Based on the distribution chart, Sino AG ranks #13 out of 785 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Sino AG has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sino AG's Piotroski F-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, Sino AG ranks #13 out of 785 companies for Piotroski F-Score. This places Sino AG in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Sino AG's value of 8 is 60% above this benchmark. Historically, Sino AG's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Sino 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 Capital Markets company?
The median Piotroski F-Score among Capital Markets companies is 5.00, based on 785 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. Sino 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 Sino AG and its competitors. For the Capital Markets 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. Sino 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 Sino AG stock overvalued right now?
Based on GuruFocus' analysis, Sino AG (XTER:XTP) is currently considered Significantly Undervalued. The stock's GF Value™ is €76.23, compared to a current price of €106.00 — trading 39.1% above its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Capital Markets industry median of 5.00. Sino AG's overall GF Score™ is 65/100 with 4 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 Sino AG (XTER:XTP), the current Piotroski F-Score is 8 as of Jul. 05, 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 Sino AG (XTER:XTP) Overvalued in 2026?

Based on GuruFocus' analysis, Sino AG stock appears to be overvalued. The current stock price of €106.00 is trading 39.1% above its estimated GF Value™ of €76.23. GuruFocus considers Sino AG to be Significantly Undervalued.

Key valuation signals for XTER:XTP:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: €76.23 vs. price of €106.00 (39.1% above fair value)
  • GF Score™: 65/100 with 4 warning signs
  • Industry Position: 60% above the Capital Markets median (#13 of 785)

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


Sino AG Business Description

Address Ernst-Schneider-Platz 1, Dusseldorf, DEU, 40212
Sino AG provides online brokerage services. It provides trading services for stocks, futures, options and other derivatives. The company offers services such as online account opening, stock market information and rules, information package, newsletter subscriptions, and others.
65GF Score

Get the complete analysis for XTER:XTP

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

€106.00
Price
€76.23
GF Value