AESI (Atlas Energy Solutions) Piotroski F-Score: 3 (As of Aug. 17, 2026) — 25% Below Median

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AESI Atlas Energy Solutions Inc AESI
88 GF Score
Price $12.83
GF Value $15.84
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Atlas Energy Solutions Piotroski F-Score?

Atlas Energy Solutions AESI +3.05% 88 Piotroski F-Score is 3 as of Aug. 17, 2026, which is 25% below its 10-year median of 4.00. GuruFocus rates AESI with a GF Score™ of 88/100 and a GF Value™ of $15.84 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 991 Oil & Gas companies, Atlas Energy Solutions ranks worse than 80.63% 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

Atlas Energy Solutions 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 Atlas Energy Solutions's Piotroski F-Score or its related term are showing as below:

AESI' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 6
Current: 3

During the past 6 years, the highest Piotroski F-Score of Atlas Energy Solutions was 6. The lowest was 2. And the median was 4.

Atlas Energy Solutions  (NYSE:AESI) 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.


Atlas Energy Solutions Piotroski F-Score Related Terms


Atlas Energy Solutions Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Atlas Energy Solutions'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.

Atlas Energy Solutions Piotroski F-Score Chart

Atlas Energy Solutions Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A 5.00 4.00 3.00

Atlas Energy Solutions Quarterly Data
Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 4.00 3.00 2.00 3.00

AESI vs HLX, PUMP, VTOL: Piotroski F-Score Comparison

For the Oil & Gas Equipment & Services subindustry, Atlas Energy Solutions'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.


Atlas Energy Solutions Piotroski F-Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Atlas Energy Solutions's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Atlas Energy Solutions's Piotroski F-Score falls into.


AESI
88GF Score
Atlas Energy Solutions Inc AESI
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 (Jun26) TTM:Last Year (Jun25) TTM:
Net Income was -23.721 + -22.244 + -47.264 + -25.096 = $-118 Mil.
Cash Flow from Operations was 32.447 + 3.707 + 18.996 + -0.553 = $55 Mil.
Revenue was 259.613 + 249.43 + 265.583 + 293.178 = $1,068 Mil.
Gross Profit was 23.764 + 20.236 + 6.332 + 25.855 = $76 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(2247.775 + 2233.472 + 2228.428 + 2298.578 + 2555.267) / 5 = $2312.704 Mil.
Total Assets at the begining of this year (Jun25) was $2,248 Mil.
Long-Term Debt & Capital Lease Obligation was $914 Mil.
Total Current Assets was $479 Mil.
Total Current Liabilities was $263 Mil.
Net Income was 3.918 + 14.402 + 1.219 + -5.558 = $14 Mil.

Revenue was 304.434 + 271.338 + 297.591 + 288.676 = $1,162 Mil.
Gross Profit was 53.018 + 49.895 + 54.528 + 52.139 = $210 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(1982.329 + 1973.49 + 1972.652 + 2294.78 + 2247.775) / 5 = $2094.2052 Mil.
Total Assets at the begining of last year (Jun24) was $1,982 Mil.
Long-Term Debt & Capital Lease Obligation was $510 Mil.
Total Current Assets was $334 Mil.
Total Current Liabilities was $215 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.

Atlas Energy Solutions's current Net Income (TTM) was -118. ==> 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.

Atlas Energy Solutions's current Cash Flow from Operations (TTM) was 55. ==> 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 (Jun25)
=-118.325/2247.775
=-0.05264094

ROA (Last Year)=Net Income/Total Assets (Jun24)
=13.981/1982.329
=0.00705282

Atlas Energy Solutions's return on assets of this year was -0.05264094. Atlas Energy Solutions's return on assets of last year was 0.00705282. ==> 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.

Atlas Energy Solutions's current Net Income (TTM) was -118. Atlas Energy Solutions's current Cash Flow from Operations (TTM) was 55. ==> 55 > -118 ==> 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: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun25 to Jun26
=914.215/2312.704
=0.39530134

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=510.39/2094.2052
=0.24371537

Atlas Energy Solutions's gearing of this year was 0.39530134. Atlas Energy Solutions's gearing of last year was 0.24371537. ==> 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: Jun26)=Total Current Assets/Total Current Liabilities
=479.064/262.677
=1.82377597

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=334.459/214.748
=1.55744873

Atlas Energy Solutions's current ratio of this year was 1.82377597. Atlas Energy Solutions's current ratio of last year was 1.55744873. ==> 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.

Atlas Energy Solutions's number of shares in issue this year was 124.938. Atlas Energy Solutions's number of shares in issue last year was 123.655. ==> 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
=76.187/1067.804
=0.07134924

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=209.58/1162.039
=0.18035539

Atlas Energy Solutions's gross margin of this year was 0.07134924. Atlas Energy Solutions's gross margin of last year was 0.18035539. ==> 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 (Jun25)
=1067.804/2247.775
=0.47504933

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=1162.039/1982.329
=0.58619886

Atlas Energy Solutions's asset turnover of this year was 0.47504933. Atlas Energy Solutions's asset turnover of last year was 0.58619886. ==> 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
=0+1+0+1+0+1+0+0+0
=3

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

Atlas Energy Solutions 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?
Atlas Energy Solutions (AESI) has a Piotroski F-Score of 3 as of Aug. 17, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Atlas Energy Solutions and its competitors. This is 25% below median its historical median of 4.00. Over the past decade, Atlas Energy Solutions' Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Atlas Energy Solutions ranks #799 out of 991 companies in the Oil & Gas industry, placing it in the top 80.6%.
Is Atlas Energy Solutions' Piotroski F-Score too high?
Atlas Energy Solutions' current Piotroski F-Score of 3 is 25% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 6.00. The Oil & Gas industry median Piotroski F-Score is 5.00. Atlas Energy Solutions' value of 3 is 40% below this industry median. Based on the distribution chart, Atlas Energy Solutions ranks #799 out of 991 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Atlas Energy Solutions has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Atlas Energy Solutions' Piotroski F-Score compare to HLX and PUMP?
According to the Oil & Gas industry distribution chart, Atlas Energy Solutions ranks #799 out of 991 companies for Piotroski F-Score. This places Atlas Energy Solutions in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Atlas Energy Solutions' value of 3 is 40% below this benchmark. Historically, Atlas Energy Solutions' own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Atlas Energy Solutions 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 Oil & Gas company?
The median Piotroski F-Score among Oil & Gas companies is 5.00, based on 991 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. Atlas Energy Solutions's current Piotroski F-Score of 3 is 40% 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 Atlas Energy Solutions and its competitors. For the Oil & Gas 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. Atlas Energy Solutions's current Piotroski F-Score is 3, which is 25% below median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atlas Energy Solutions stock overvalued right now?
Based on GuruFocus' analysis, Atlas Energy Solutions (AESI) is currently considered Modestly Undervalued. The stock's GF Value™ is $15.84, compared to a current price of $12.83 — trading 19% below its estimated fair value. The current Piotroski F-Score is 3, which is 25% below median its 10-year median of 4.00 and 40% below the Oil & Gas industry median of 5.00. Atlas Energy Solutions' overall GF Score™ is 88/100 with 6 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 Atlas Energy Solutions (AESI), the current Piotroski F-Score is 3 as of Aug. 17, 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 Atlas Energy Solutions (AESI) Overvalued in 2026?

Based on GuruFocus' analysis, Atlas Energy Solutions stock appears to be undervalued. The current stock price of $12.83 is trading 19% below its estimated GF Value™ of $15.84. GuruFocus considers Atlas Energy Solutions to be Modestly Undervalued.

Key valuation signals for AESI:

  • Piotroski F-Score: 3 (25% below median its 10-year median of 4.00)
  • GF Value™: $15.84 vs. price of $12.83 (19% below fair value)
  • GF Score™: 88/100 with 6 warning signs
  • Industry Position: 40% below the Oil & Gas median (#799 of 991)

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


Atlas Energy Solutions Business Description

Industry EnergyOil & Gas
Address 5918 West Courtyard Drive, Suite 500, Austin, TX, USA, 78730
Atlas Energy Solutions Inc is a provider of proppant and logistics services to the oil and natural gas industry within the Permian Basin of West Texas and New Mexico, the active oil and natural gas basin in North America. Proppant is necessary to facilitate the recovery of hydrocarbons from oil and natural gas wells. One hundred percent of its sand reserves are located in Winkler and Ward Counties, Texas, within the Permian Basin, and its operations consist of proppant production and processing facilities, including two facilities near Kermit, Texas, and a third facility near Monahans, Texas.
88GF Score

Get the complete analysis for AESI

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

$12.83
Price
$15.84
GF Value