ABCL (AbCellera Biologics) Piotroski F-Score: 3 (As of Jun. 27, 2026) — Near Median


ABCL AbCellera Biologics Inc ABCL
59 GF Score
Price $7.38
GF Value $5.62
Valuation Significantly Overvalued
! 5 Warning Signs
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What is AbCellera Biologics Piotroski F-Score?

AbCellera Biologics ABCL +10.81% 59 Piotroski F-Score is 3 as of Jun. 27, 2026, which is at its 10-year median of 3.00. GuruFocus rates ABCL with a GF Score™ of 59/100 and a GF Value™ of $5.62 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,342 Biotechnology companies, AbCellera Biologics ranks better than 54.99% on this metric.

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

AbCellera Biologics has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for AbCellera Biologics's Piotroski F-Score or its related term are showing as below:

ABCL' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 3   Max: 7
Current: 3

During the past 8 years, the highest Piotroski F-Score of AbCellera Biologics was 7. The lowest was 2. And the median was 3.

AbCellera Biologics  (NAS:ABCL) 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.


AbCellera Biologics Piotroski F-Score Related Terms


AbCellera Biologics Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for AbCellera Biologics'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.

AbCellera Biologics Piotroski F-Score Chart

AbCellera Biologics Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 3.00 4.00 4.00 3.00 4.00

AbCellera Biologics 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 3.00 3.00 3.00 4.00 3.00

ABCL vs SRPT, RAPP, RXRX: Piotroski F-Score Comparison

For the Biotechnology subindustry, AbCellera Biologics'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.


AbCellera Biologics Piotroski F-Score vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, AbCellera Biologics's Piotroski F-Score distribution charts can be found below:

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


ABCL
59GF Score
AbCellera Biologics Inc ABCL
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 -34.727 + -57.119 + -8.945 + -43.165 = $-143.96 Mil.
Cash Flow from Operations was -32.404 + -52.594 + -34.743 + -33.523 = $-153.26 Mil.
Revenue was 17.084 + 8.955 + 44.853 + 8.315 = $79.21 Mil.
Gross Profit was 17.084 + 8.955 + 44.853 + 8.315 = $79.21 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1344.208 + 1402.061 + 1355.992 + 1356.95 + 1307.112) / 5 = $1353.2646 Mil.
Total Assets at the begining of this year (Mar25) was $1,344.21 Mil.
Long-Term Debt & Capital Lease Obligation was $134.31 Mil.
Total Current Assets was $664.60 Mil.
Total Current Liabilities was $47.29 Mil.
Net Income was -36.93 + -51.107 + -34.21 + -45.621 = $-167.87 Mil.

Revenue was 7.323 + 6.507 + 5.05 + 4.235 = $23.12 Mil.
Gross Profit was 7.323 + 6.507 + 5.05 + 4.235 = $23.12 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1463.096 + 1412.481 + 1392.828 + 1360.553 + 1344.208) / 5 = $1394.6332 Mil.
Total Assets at the begining of last year (Mar24) was $1,463.10 Mil.
Long-Term Debt & Capital Lease Obligation was $63.21 Mil.
Total Current Assets was $764.98 Mil.
Total Current Liabilities was $75.40 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.

AbCellera Biologics's current Net Income (TTM) was -143.96. ==> Negative ==> Score 0.

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.

AbCellera Biologics's current Cash Flow from Operations (TTM) was -153.26. ==> Negative ==> Score 0.

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)
=-143.956/1344.208
=-0.10709355

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-167.868/1463.096
=-0.11473478

AbCellera Biologics's return on assets of this year was -0.10709355. AbCellera Biologics's return on assets of last year was -0.11473478. ==> 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.

AbCellera Biologics's current Net Income (TTM) was -143.96. AbCellera Biologics's current Cash Flow from Operations (TTM) was -153.26. ==> -153.26 <= -143.96 ==> 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
=134.309/1353.2646
=0.09924814

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=63.21/1394.6332
=0.04532375

AbCellera Biologics's gearing of this year was 0.09924814. AbCellera Biologics's gearing of last year was 0.04532375. ==> Last year is lower than this year ==> Score 0.

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
=664.596/47.294
=14.05243794

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=764.978/75.396
=10.14613507

AbCellera Biologics's current ratio of this year was 14.05243794. AbCellera Biologics's current ratio of last year was 10.14613507. ==> This year's current ratio is higher. ==> Score 1.

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.

AbCellera Biologics's number of shares in issue this year was 303.075. AbCellera Biologics's number of shares in issue last year was 297.693. ==> 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
=79.207/79.207
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=23.115/23.115
=1

AbCellera Biologics's gross margin of this year was 1. AbCellera Biologics'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)
=79.207/1344.208
=0.05892466

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=23.115/1463.096
=0.01579869

AbCellera Biologics's asset turnover of this year was 0.05892466. AbCellera Biologics's asset turnover of last year was 0.01579869. ==> 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
=0+0+1+0+0+1+0+0+1
=3

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

AbCellera Biologics has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
AbCellera Biologics (ABCL) has a Piotroski F-Score of 3 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on AbCellera Biologics and its competitors. This is near median its historical median of 3.00. Over the past decade, AbCellera Biologics' Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, AbCellera Biologics ranks #604 out of 1342 companies in the Biotechnology industry, placing it in the top 45%.
Is AbCellera Biologics' Piotroski F-Score too high?
AbCellera Biologics' current Piotroski F-Score of 3 is near median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Biotechnology industry median Piotroski F-Score is 3.00. AbCellera Biologics' value of 3 is 0% at this industry median. Based on the distribution chart, AbCellera Biologics ranks #604 out of 1342 companies in the Biotechnology industry, which is above the industry midpoint. Overall, AbCellera Biologics has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AbCellera Biologics' Piotroski F-Score compare to SRPT and RAPP?
According to the Biotechnology industry distribution chart, AbCellera Biologics ranks #604 out of 1342 companies for Piotroski F-Score. This puts AbCellera Biologics in the upper half of its industry. The industry median Piotroski F-Score is 3.00. AbCellera Biologics' value of 3 is 0% at this benchmark. Historically, AbCellera Biologics' own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 3.00, AbCellera Biologics has consistently been at 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 Biotechnology company?
The median Piotroski F-Score among Biotechnology companies is 3.00, based on 1,342 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. AbCellera Biologics's current Piotroski F-Score of 3 is 0% at 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 AbCellera Biologics and its competitors. For the Biotechnology industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AbCellera Biologics's current Piotroski F-Score is 3, which is near median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AbCellera Biologics stock overvalued right now?
Based on GuruFocus' analysis, AbCellera Biologics (ABCL) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.62, compared to a current price of $7.38 — trading 31.3% above its estimated fair value. The current Piotroski F-Score is 3, which is near median its 10-year median of 3.00 and 0% at the Biotechnology industry median of 3.00. AbCellera Biologics' overall GF Score™ is 59/100 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 AbCellera Biologics (ABCL), the current Piotroski F-Score is 3 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.

Is AbCellera Biologics (ABCL) Overvalued in 2026?

Based on GuruFocus' analysis, AbCellera Biologics stock appears to be overvalued. The current stock price of $7.38 is trading 31.3% above its estimated GF Value™ of $5.62. GuruFocus considers AbCellera Biologics to be Significantly Overvalued.

Key valuation signals for ABCL:

  • Piotroski F-Score: 3 (near median its 10-year median of 3.00)
  • GF Value™: $5.62 vs. price of $7.38 (31.3% above fair value)
  • GF Score™: 59/100 with 5 warning signs
  • Industry Position: 0% at the Biotechnology median (#604 of 1342)

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


AbCellera Biologics Business Description

Other Exchanges 8QQ:Germany
Address 150 W 4th Avenue, Vancouver, BC, CAN, V5Y 1G6
AbCellera Biologics Inc is a clinical-stage biotechnology company focused on discovering and developing first-in-class antibody medicines for indications with high unmet medical need. It has built a platform for advancing antibody drug programs that the company believes provides it with a competitive advantage in addressing challenging, high-value targets such as complex transmembrane proteins and novel modalities, including multispecifics and antibody-drug conjugates. Organisation's pipeline includes two drug candidates in clinical development, two development candidates in Investigational New Drug (IND/Clinical Trial Application (CTA)-enabling activities, and more than 20 active discovery programs across multiple modalities and indications.
59GF Score

Get the complete analysis for ABCL

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

$7.38
Price
$5.62
GF Value