Piotroski F-Score Stock Screen — Europe
Joseph Piotroski's F-Score gives a company one point for each of nine signs of improving financial health: profits, cash flow, falling debt, better margins and asset turnover, and no new shares issued. This screen keeps companies scoring 8 or 9 that also trade at a modest price-to-book, the cheap end of the market Piotroski studied.
The rules of this screen
A stock listed in Europe appears below only if it passes every rule:
- Price-to-book of 1.5 or less (share price at most 1.5x book value per share)
- Piotroski F-Score of 8 or more (out of 9)
- Market cap of at least €50 million
Data comes from company filings and market prices, refreshed after every trading day. Stocks with a missing value for any rule are left out.
Piotroski F-Score Stock Screen — Europe: top stocks by market cap
190 European stocks match this screen. Top 30 by market cap, data as of 13 Nov 2026.
| # | Company | Ticker | Sector | Mkt Cap | P/E | Div Yield | 1Y |
|---|---|---|---|---|---|---|---|
| 1 | Telefonaktiebolaget LM Ericsson (publ) | ERIBRHEL | Technology | €31.0B | 18.1 | 2.77% | +30.0% |
| 2 | Fresenius SE & Co. KGaA | FREXETRA | Healthcare | €30.2B | 18.8 | 1.99% | +9.7% |
| 3 | HAL Trust | HALAMS | Financial Services | €15.9B | 10.9 | 2.03% | +30.3% |
| 4 | Public Power Corporation S.A. | PPCATH | Utilities | €13.5B | 17.8 | 2.60% | +51.4% |
| 5 | Unibail-Rodamco-Westfield SE | URWEPA | Real Estate | €13.5B | 8.6 | 4.82% | +7.2% |
| 6 | KGHM Polska Miedz S.A. | KGHGPW | Basic Materials | €12.5B | 6.4 | 0.53% | +47.9% |
| 7 | Telecom Italia S.p.A. | TITBIT | Communication Services | €12.5B | 39.0 | 0.00% | +18.1% |
| 8 | Redeia Corporación, S.A. | REDBME | Utilities | €8.8B | 17.3 | 5.05% | +9.3% |
| 9 | Ayvens | AYVEPA | Industrials | €7.4B | 8.2 | 5.98% | -1.3% |
| 10 | Itissalat Al-Maghrib (IAM) S.A. | IAMEPA | Communication Services | €7.2B | 14.9 | 4.35% | -23.2% |
| 11 | easyJet plc | EZJLSE | Industrials | €6.2B | 12.8 | 1.92% | +42.6% |
| 12 | Edenred SE | EDENEPA | Financial Services | €5.8B | 12.5 | 5.22% | +34.1% |
| 13 | SBM Offshore N.V. | SBMOAMS | Energy | €5.7B | 7.5 | 3.01% | +44.3% |
| 14 | Aedifica NV/SA | AEDEBR | Real Estate | €5.5B | 6.6 | 6.07% | -0.8% |
| 15 | Fastighets AB Balder (publ) | BALD-BSTO | Real Estate | €5.5B | 11.4 | 0.00% | -23.5% |
| 16 | Iren SpA | IREBIT | Utilities | €3.2B | 10.8 | 5.66% | -2.1% |
| 17 | CIE Automotive, S.A. | CIEBME | Consumer Cyclical | €3.2B | 9.4 | 3.53% | -6.0% |
| 18 | Carl Zeiss Meditec AG | AFXXETRA | Healthcare | €3.1B | 25.2 | 1.60% | -15.8% |
| 19 | Vicat S.A. | VCTEPA | Basic Materials | €3.0B | 10.4 | 2.96% | -1.3% |
| 20 | Pennon Group Plc | PNNLSE | Utilities | €2.8B | 19.8 | 7.86% | -35.2% |
| 21 | Sinch AB (publ) | SINCHSTO | Communication Services | €2.8B | 49.3 | 0.00% | +57.3% |
| 22 | Valeo SE | FREPA | Consumer Cyclical | €2.7B | 14.1 | 3.82% | -7.8% |
| 23 | Rompetrol Rafinare S.A. | RRCBVB | Energy | €2.7B | — | 0.00% | +703.3% |
| 24 | Enerjisa Enerji A.S. | ENJSABIST | Utilities | €2.6B | 23.3 | 4.29% | +64.9% |
| 25 | AB Electrolux (publ) | ELUX-BSTO | Consumer Cyclical | €2.4B | — | 0.00% | -45.0% |
| 26 | AB Electrolux (publ) | ELUX-ASTO | Consumer Cyclical | €2.4B | — | 0.00% | -50.0% |
| 27 | Bavarian Nordic A/S | BAVACPH | Healthcare | €2.4B | 12.2 | 0.00% | +0.9% |
| 28 | Kemira Oyj | KEMIRAHEL | Basic Materials | €2.3B | 20.2 | 4.83% | -10.9% |
| 29 | Grafton Group plc | GFTULSE | Industrials | €2.3B | 15.2 | 3.67% | +8.4% |
| 30 | Mitchells & Butlers plc | MABLSE | Consumer Cyclical | €2.3B | 10.2 | 0.00% | +34.2% |
The same rules on every market the screener covers: the US, Canada, Europe, Australia and more. Free, no account needed.
Run this screen on all 18,000+ stocksHow to use this screen
The score compares the last two fiscal years, so it can be up to a year old, and it says nothing about price beyond the book-value test. A high score in a cyclical business near the top of its cycle can be misleading.
This page lists the stocks that pass a set of rules. It is not a recommendation to buy or sell any of them, and past results of a strategy say nothing certain about future returns.