AEUSF (Active Energy Group) Piotroski F-Score: 4 (As of Jun. 27, 2026) — Near Median


What is Active Energy Group Piotroski F-Score?

Active Energy Group AEUSF -0.11% Piotroski F-Score is 4 as of Jun. 27, 2026, which is at its 10-year median of 4.00. The stock has 3 warning signs investors should review. Among 2,979 Industrial Products companies, Active Energy Group ranks worse than 65.16% on this metric.

The zones of discrimination were as such:

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

Active Energy Group has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

AEUSF' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 6
Current: 4

During the past 13 years, the highest Piotroski F-Score of Active Energy Group was 6. The lowest was 1. And the median was 4.

Active Energy Group  (OTCPK:AEUSF) 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.


Active Energy Group Piotroski F-Score Related Terms


Active Energy Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Active Energy Group'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.

Active Energy Group Piotroski F-Score Chart

Active Energy Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 4.00 3.00 3.00 4.00

Active Energy Group Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25
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 3.00 0.00 4.00 0.00

AEUSF vs VLTO, ZWS, CECO: Piotroski F-Score Comparison

For the Pollution & Treatment Controls subindustry, Active Energy Group'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.


Active Energy Group Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Active Energy Group's Piotroski F-Score distribution charts can be found below:

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


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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was $-2.34 Mil.
Cash Flow from Operations was $-1.97 Mil.
Revenue was $0.00 Mil.
Gross Profit was $0.00 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was (3.078 + 0.906) / 2 = $1.992 Mil.
Total Assets at the begining of this year (Dec23) was $3.08 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.04 Mil.
Total Current Liabilities was $0.56 Mil.
Net Income was $-29.72 Mil.

Revenue was $0.00 Mil.
Gross Profit was $0.00 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was (30.994 + 3.078) / 2 = $17.036 Mil.
Total Assets at the begining of last year (Dec22) was $30.99 Mil.
Long-Term Debt & Capital Lease Obligation was $0.02 Mil.
Total Current Assets was $2.21 Mil.
Total Current Liabilities was $0.50 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.

Active Energy Group's current Net Income (TTM) was -2.34. ==> 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.

Active Energy Group's current Cash Flow from Operations (TTM) was -1.97. ==> 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 (Dec23)
=-2.344/3.078
=-0.76153346

ROA (Last Year)=Net Income/Total Assets (Dec22)
=-29.719/30.994
=-0.95886301

Active Energy Group's return on assets of this year was -0.76153346. Active Energy Group's return on assets of last year was -0.95886301. ==> 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.

Active Energy Group's current Net Income (TTM) was -2.34. Active Energy Group's current Cash Flow from Operations (TTM) was -1.97. ==> -1.97 > -2.34 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0/1.992
=0

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=0.019/17.036
=0.00111529

Active Energy Group's gearing of this year was 0. Active Energy Group's gearing of last year was 0.00111529. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=0.042/0.56
=0.075

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=2.213/0.497
=4.4527163

Active Energy Group's current ratio of this year was 0.075. Active Energy Group's current ratio of last year was 4.4527163. ==> 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.

Active Energy Group's number of shares in issue this year was 161.863. Active Energy Group's number of shares in issue last year was 161.863. ==> 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.

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

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

Active Energy Group's gross margin of this year was . Active Energy Group'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 (Dec23)
=0/3.078
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=0/30.994
=0

Active Energy Group's asset turnover of this year was 0. Active Energy Group'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+1+1+1+0+1+0+0
=4

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

Active Energy Group has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
Active Energy Group (AEUSF) has a Piotroski F-Score of 4 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Active Energy Group and its competitors. This is near median its historical median of 4.00. Over the past decade, Active Energy Group's Piotroski F-Score has ranged from 1.00 to 6.00. According to the industry distribution chart, Active Energy Group ranks #1941 out of 2979 companies in the Industrial Products industry, placing it in the top 65.2%.
Is Active Energy Group's Piotroski F-Score too high?
Active Energy Group's current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 6.00. The Industrial Products industry median Piotroski F-Score is 5.00. Active Energy Group's value of 4 is 20% below this industry median. Based on the distribution chart, Active Energy Group ranks #1941 out of 2979 companies in the Industrial Products industry, which is below the industry midpoint.
How does Active Energy Group's Piotroski F-Score compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Active Energy Group ranks #1941 out of 2979 companies for Piotroski F-Score. This places Active Energy Group in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Active Energy Group's value of 4 is 20% below this benchmark. Historically, Active Energy Group's own Piotroski F-Score has ranged from 1.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Active Energy Group 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 Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,979 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. Active Energy Group's current Piotroski F-Score of 4 is 20% 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 Active Energy Group and its competitors. For the Industrial Products 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. Active Energy Group's current Piotroski F-Score is 4, which is near 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 Active Energy Group stock overvalued right now?
Active Energy Group (AEUSF) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Industrial Products industry median of 5.00. 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 Active Energy Group (AEUSF), the current Piotroski F-Score is 4 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.

Active Energy Group Business Description

Other Exchanges AEG:UK
Address 27- 28 Eastcastle Street, London, GBR, W1W 8DH
Active Energy Group PLC is engaged in renewable energy, engineering soils, and forestry management business. The activities of the company are the development and commercialization of low-cost biomass into renewable energy pellet products as well as the development of timber resources to work with each biomass energy project. The operating segments of the company are CoalSwitch, and Corporate & others.