ALPS (ALPS Group) Piotroski F-Score: 5 (As of Jul. 16, 2026) — Near Median

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ALPS ALPS Group Inc ALPS
10 GF Score
Price $0.48
! 2 Warning Signs
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What is ALPS Group Piotroski F-Score?

ALPS Group ALPS -2.73% 10 Piotroski F-Score is 5 as of Jul. 16, 2026, which is at its 10-year median of 5.00. GuruFocus rates ALPS with a GF Score™ of 10/100. The stock has 2 warning signs investors should review. Among 1,333 Biotechnology companies, ALPS Group ranks better than 84.77% 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

ALPS Group has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

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

During the past 3 years, the highest Piotroski F-Score of ALPS Group was 5. The lowest was 5. And the median was 5.

ALPS Group  (NAS:ALPS) 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.


ALPS Group Piotroski F-Score Related Terms


ALPS Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for ALPS 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.

ALPS Group Piotroski F-Score Chart

ALPS Group Annual Data
Trend Mar23 Mar24 Mar25
Piotroski F-Score
N/A N/A 5.00

ALPS Group Semi-Annual Data
Mar23 Mar24 Sep24 Mar25 Sep25
Piotroski F-Score N/A N/A 0.00 5.00 0.00

ALPS vs CUE, AARD, KLRS: Piotroski F-Score Comparison

For the Biotechnology subindustry, ALPS 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.


ALPS Group Piotroski F-Score vs Biotechnology Industry

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

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


ALPS
10GF Score
ALPS Group Inc ALPS
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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was $-2.51 Mil.
Cash Flow from Operations was $-1.61 Mil.
Revenue was $3.37 Mil.
Gross Profit was $1.30 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was (6.701 + 7.134) / 2 = $6.9175 Mil.
Total Assets at the begining of this year (Mar24) was $6.70 Mil.
Long-Term Debt & Capital Lease Obligation was $0.74 Mil.
Total Current Assets was $1.49 Mil.
Total Current Liabilities was $7.49 Mil.
Net Income was $-2.30 Mil.

Revenue was $2.40 Mil.
Gross Profit was $0.60 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was (4.803 + 6.701) / 2 = $5.752 Mil.
Total Assets at the begining of last year (Mar23) was $4.80 Mil.
Long-Term Debt & Capital Lease Obligation was $0.19 Mil.
Total Current Assets was $1.29 Mil.
Total Current Liabilities was $5.06 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.

ALPS Group's current Net Income (TTM) was -2.51. ==> 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.

ALPS Group's current Cash Flow from Operations (TTM) was -1.61. ==> 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 (Mar24)
=-2.514/6.701
=-0.37516789

ROA (Last Year)=Net Income/Total Assets (Mar23)
=-2.304/4.803
=-0.47970019

ALPS Group's return on assets of this year was -0.37516789. ALPS Group's return on assets of last year was -0.47970019. ==> 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.

ALPS Group's current Net Income (TTM) was -2.51. ALPS Group's current Cash Flow from Operations (TTM) was -1.61. ==> -1.61 > -2.51 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0.738/6.9175
=0.10668594

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=0.194/5.752
=0.0337274

ALPS Group's gearing of this year was 0.10668594. ALPS Group's gearing of last year was 0.0337274. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=1.491/7.49
=0.19906542

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=1.285/5.056
=0.25415348

ALPS Group's current ratio of this year was 0.19906542. ALPS Group's current ratio of last year was 0.25415348. ==> 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.

ALPS Group's number of shares in issue this year was 166.401. ALPS Group's number of shares in issue last year was 166.401. ==> 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
=1.301/3.371
=0.38593889

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0.599/2.404
=0.24916805

ALPS Group's gross margin of this year was 0.38593889. ALPS Group's gross margin of last year was 0.24916805. ==> This year's gross margin is higher. ==> Score 1.

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 (Mar24)
=3.371/6.701
=0.50305924

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=2.404/4.803
=0.50052051

ALPS Group's asset turnover of this year was 0.50305924. ALPS Group's asset turnover of last year was 0.50052051. ==> 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+1+0+0+1+1+1
=5

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

ALPS Group has an F-score of 5 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 5 mean?
ALPS Group (ALPS) has a Piotroski F-Score of 5 as of Jul. 16, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on ALPS Group and its competitors. This is near median its historical median of 5.00. Over the past decade, ALPS Group's Piotroski F-Score has ranged from 5.00 to 5.00. According to the industry distribution chart, ALPS Group ranks #203 out of 1333 companies in the Biotechnology industry, placing it in the top 15.2%.
Is ALPS Group's Piotroski F-Score too high?
ALPS Group's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 5.00. The Biotechnology industry median Piotroski F-Score is 3.00. ALPS Group's value of 5 is 66.7% above this industry median. Based on the distribution chart, ALPS Group ranks #203 out of 1333 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, ALPS Group has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does ALPS Group's Piotroski F-Score compare to CUE and AARD?
According to the Biotechnology industry distribution chart, ALPS Group ranks #203 out of 1333 companies for Piotroski F-Score. This places ALPS Group in the top 15% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. ALPS Group's value of 5 is 66.7% above this benchmark. Historically, ALPS Group's own Piotroski F-Score has ranged from 5.00 to 5.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 3.00, ALPS Group has consistently been above 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 1,333 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. ALPS Group's current Piotroski F-Score of 5 is 66.7% above 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 ALPS Group 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. ALPS Group's current Piotroski F-Score is 5, which is near median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ALPS Group stock overvalued right now?
ALPS Group (ALPS) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 66.7% above the Biotechnology industry median of 3.00. ALPS Group's overall GF Score™ is 10/100 with 2 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 ALPS Group (ALPS), the current Piotroski F-Score is 5 as of Jul. 16, 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.

ALPS Group Business Description

Address Jalan 1/68th Floor, Off Jalan Tun Razak, The ICON, East Wing Tower, Level 18-01 & 18-02, No.1, Kuala Lumpur, MYS, 50400
ALPS Group Inc is a fully integrated platform encompassing biotechnology research, medical, and wellness services specializing in predictive, precision and preventive health management. It aims to provide its clientele with access to DNA and mRNA sequencing, cellular therapy, as well as wellness and anti-aging products and services.
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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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