AETHF (Aether Global Innovations) Piotroski F-Score: 3 (As of Jun. 25, 2026) — Near Median


AETHF Aether Global Innovations Corp AETHF
27 GF Score
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What is Aether Global Innovations Piotroski F-Score?

Aether Global Innovations AETHF -100.00% 27 Piotroski F-Score is 3 as of Jun. 25, 2026, which is at its 10-year median of 3.00. GuruFocus rates AETHF with a GF Score™ of 27/100. The stock has 4 warning signs investors should review. Among 1,063 Business Services companies, Aether Global Innovations ranks worse than 84.85% 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

Aether Global Innovations 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 Aether Global Innovations's Piotroski F-Score or its related term are showing as below:

AETHF' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 5
Current: 3

During the past 13 years, the highest Piotroski F-Score of Aether Global Innovations was 5. The lowest was 1. And the median was 3.

Aether Global Innovations  (OTCPK:AETHF) 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.


Aether Global Innovations Piotroski F-Score Related Terms


Aether Global Innovations Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Aether Global Innovations'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.

Aether Global Innovations Piotroski F-Score Chart

Aether Global Innovations Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 5.00 2.00 3.00 3.00

Aether Global Innovations Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 2.00 2.00 3.00 3.00 3.00

AETHF vs ALLE, MSA, ADT: Piotroski F-Score Comparison

For the Security & Protection Services subindustry, Aether Global Innovations'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.


Aether Global Innovations Piotroski F-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Aether Global Innovations's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Aether Global Innovations's Piotroski F-Score falls into.


AETHF
27GF Score
Aether Global Innovations Corp AETHF
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 (Feb26) TTM:Last Year (Feb25) TTM:
Net Income was -0.05 + -0.207 + -1.076 + -0.363 = $-1.70 Mil.
Cash Flow from Operations was -0.069 + -0.04 + -0.257 + -0.278 = $-0.64 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of this year (Feb25)
to the end of this year (Feb26) was
(0.002 + 0.026 + 0.178 + 0.559 + 0.427) / 5 = $0.2384 Mil.
Total Assets at the begining of this year (Feb25) was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.08 Mil.
Total Current Liabilities was $0.68 Mil.
Net Income was -0.238 + -0.094 + -0.128 + -0.047 = $-0.51 Mil.

Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of last year (Feb24)
to the end of last year (Feb25) was
(0.082 + 0.034 + 0.018 + 0.004 + 0.002) / 5 = $0.028 Mil.
Total Assets at the begining of last year (Feb24) was $0.08 Mil.
Long-Term Debt & Capital Lease Obligation was $0.04 Mil.
Total Current Assets was $0.00 Mil.
Total Current Liabilities was $0.77 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.

Aether Global Innovations's current Net Income (TTM) was -1.70. ==> 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.

Aether Global Innovations's current Cash Flow from Operations (TTM) was -0.64. ==> 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 (Feb25)
=-1.696/0.002
=-848

ROA (Last Year)=Net Income/Total Assets (Feb24)
=-0.507/0.082
=-6.18292683

Aether Global Innovations's return on assets of this year was -848. Aether Global Innovations's return on assets of last year was -6.18292683. ==> 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.

Aether Global Innovations's current Net Income (TTM) was -1.70. Aether Global Innovations's current Cash Flow from Operations (TTM) was -0.64. ==> -0.64 > -1.70 ==> 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: Feb26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb25 to Feb26
=0/0.2384
=0

Gearing (Last Year: Feb25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb24 to Feb25
=0.035/0.028
=1.25

Aether Global Innovations's gearing of this year was 0. Aether Global Innovations's gearing of last year was 1.25. ==> 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: Feb26)=Total Current Assets/Total Current Liabilities
=0.078/0.683
=0.11420205

Current Ratio (Last Year: Feb25)=Total Current Assets/Total Current Liabilities
=0.002/0.773
=0.00258732

Aether Global Innovations's current ratio of this year was 0.11420205. Aether Global Innovations's current ratio of last year was 0.00258732. ==> 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.

Aether Global Innovations's number of shares in issue this year was 24.651. Aether Global Innovations's number of shares in issue last year was 10.562. ==> 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
=0/0
=

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0/0
=

Aether Global Innovations's gross margin of this year was . Aether Global Innovations's gross margin of last year was . ==> 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 (Feb25)
=0/0.002
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Feb24)
=0/0.082
=0

Aether Global Innovations's asset turnover of this year was 0. Aether Global Innovations's asset turnover of last year was 0. ==> 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+0+0+1+1+1+0+0+0
=3

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

Aether Global Innovations 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?
Aether Global Innovations (AETHF) has a Piotroski F-Score of 3 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Aether Global Innovations and its competitors. This is near median its historical median of 3.00. Over the past decade, Aether Global Innovations' Piotroski F-Score has ranged from 1.00 to 5.00. According to the industry distribution chart, Aether Global Innovations ranks #902 out of 1063 companies in the Business Services industry, placing it in the top 84.9%.
Is Aether Global Innovations' Piotroski F-Score too high?
Aether Global Innovations' 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 1.00 to a high of 5.00. The Business Services industry median Piotroski F-Score is 5.00. Aether Global Innovations' value of 3 is 40% below this industry median. Based on the distribution chart, Aether Global Innovations ranks #902 out of 1063 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Aether Global Innovations has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does Aether Global Innovations' Piotroski F-Score compare to ALLE and MSA?
According to the Business Services industry distribution chart, Aether Global Innovations ranks #902 out of 1063 companies for Piotroski F-Score. This places Aether Global Innovations in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Aether Global Innovations' value of 3 is 40% below this benchmark. Historically, Aether Global Innovations' own Piotroski F-Score has ranged from 1.00 to 5.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Aether Global Innovations 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 a Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,063 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. Aether Global Innovations'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 Aether Global Innovations and its competitors. For the Business Services 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. Aether Global Innovations'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 Aether Global Innovations stock overvalued right now?
Aether Global Innovations (AETHF) has a current Piotroski F-Score of 3. The current Piotroski F-Score is 3, which is near median its 10-year median of 3.00 and 40% below the Business Services industry median of 5.00. Aether Global Innovations' overall GF Score™ is 27/100 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 Aether Global Innovations (AETHF), the current Piotroski F-Score is 3 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.

Aether Global Innovations Business Description

Address 789 West Pender Street, Suite 480, Vancouver, BC, CAN, V6C 1H2
Aether Global Innovations Corp is a UAV drone management and operations services company that focuses on three areas: critical infrastructure and large public and private facilities. These three areas include drone management and surveillance monitoring, automation and integration for flight planning, new sensor payloads, stand-alone power source, and drone base station infrastructure, and technology for autonomous self-landing, power charging, and take-off. The company operates in one business segment, focusing on drone management and automation service.
27GF Score

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