ANGX (Angel Studios) Piotroski F-Score: 4 (As of Jul. 21, 2026) — Near Median

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ANGX Angel Studios Inc ANGX
10 GF Score
Price $4.32
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What is Angel Studios Piotroski F-Score?

Angel Studios ANGX -2.04% 10 Piotroski F-Score is 4 as of Jul. 21, 2026, which is at its 10-year median of 4.00. GuruFocus rates ANGX with a GF Score™ of 10/100. The stock has 1 warning sign investors should review. Among 1,004 Media - Diversified companies, Angel Studios ranks worse than 59.36% 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

Angel Studios 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 Angel Studios's Piotroski F-Score or its related term are showing as below:

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

During the past 4 years, the highest Piotroski F-Score of Angel Studios was 4. The lowest was 4. And the median was 4.

Angel Studios  (NYSE:ANGX) 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.


Angel Studios Piotroski F-Score Related Terms


Angel Studios Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Angel Studios'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.

Angel Studios Piotroski F-Score Chart

Angel Studios Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A N/A N/A

Angel Studios Quarterly Data
Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A N/A N/A N/A 4.00

ANGX vs RSVR, HUYA, STRZ: Piotroski F-Score Comparison

For the Entertainment subindustry, Angel Studios'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.


Angel Studios Piotroski F-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Angel Studios's Piotroski F-Score distribution charts can be found below:

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


ANGX
10GF Score
Angel Studios Inc ANGX
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 (Mar26) TTM:Last Year (Dec24) TTM:
Net Income was -37.304 + -15.883 + 0 + -13.805 = $-67.0 Mil.
Cash Flow from Operations was -9.76 + -14.938 + 0 + 1.888 = $-22.8 Mil.
Revenue was 47.441 + 87.641 + 0 + 115.105 = $250.2 Mil.
Gross Profit was 27.96 + 60.355 + 0 + 71.103 = $159.4 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Mar26) was
(111.381 + 118.583 + 148.092 + 241.412 + 213.085) / 5 = $166.5106 Mil.
Total Assets at the begining of this year (Dec24) was $111.4 Mil.
Long-Term Debt & Capital Lease Obligation was $63.5 Mil.
Total Current Assets was $111.6 Mil.
Total Current Liabilities was $188.2 Mil.
Net Income was -14.844 + -22.483 + -13.855 + -37.091 = $-88.3 Mil.

Revenue was 28.858 + 16.506 + 20.121 + 31.031 = $96.5 Mil.
Gross Profit was 15.207 + 6.719 + 12.013 + 18.01 = $51.9 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was
(98.258 + 0 + 73.765 + 83.054 + 111.381) / 5 = $91.6145 Mil.
Total Assets at the begining of last year (Dec23) was $98.3 Mil.
Long-Term Debt & Capital Lease Obligation was $2.2 Mil.
Total Current Assets was $52.9 Mil.
Total Current Liabilities was $80.1 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.

Angel Studios's current Net Income (TTM) was -67.0. ==> 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.

Angel Studios's current Cash Flow from Operations (TTM) was -22.8. ==> 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 (Dec24)
=-66.992/111.381
=-0.60146704

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-88.273/98.258
=-0.89837978

Angel Studios's return on assets of this year was -0.60146704. Angel Studios's return on assets of last year was -0.89837978. ==> 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.

Angel Studios's current Net Income (TTM) was -67.0. Angel Studios's current Cash Flow from Operations (TTM) was -22.8. ==> -22.8 > -67.0 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Mar26
=63.517/166.5106
=0.3814592

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=2.153/91.6145
=0.02350065

Angel Studios's gearing of this year was 0.3814592. Angel Studios's gearing of last year was 0.02350065. ==> 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
=111.617/188.165
=0.59318683

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=52.949/80.06
=0.66136648

Angel Studios's current ratio of this year was 0.59318683. Angel Studios's current ratio of last year was 0.66136648. ==> 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.

Angel Studios's number of shares in issue this year was 169.376. Angel Studios's number of shares in issue last year was 160.675. ==> 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
=159.418/250.187
=0.63719538

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=51.949/96.516
=0.53824236

Angel Studios's gross margin of this year was 0.63719538. Angel Studios's gross margin of last year was 0.53824236. ==> 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 (Dec24)
=250.187/111.381
=2.24622691

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=96.516/98.258
=0.98227116

Angel Studios's asset turnover of this year was 2.24622691. Angel Studios's asset turnover of last year was 0.98227116. ==> 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+0+1+1
=4

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

Angel Studios 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?
Angel Studios (ANGX) has a Piotroski F-Score of 4 as of Jul. 21, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Angel Studios and its competitors. This is near median its historical median of 4.00. Over the past decade, Angel Studios' Piotroski F-Score has ranged from 4.00 to 4.00. According to the industry distribution chart, Angel Studios ranks #596 out of 1004 companies in the Media - Diversified industry, placing it in the top 59.4%.
Is Angel Studios' Piotroski F-Score too high?
Angel Studios' 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 4.00 to a high of 4.00. The Media - Diversified industry median Piotroski F-Score is 5.00. Angel Studios' value of 4 is 20% below this industry median. Based on the distribution chart, Angel Studios ranks #596 out of 1004 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Angel Studios has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Angel Studios' Piotroski F-Score compare to RSVR and HUYA?
According to the Media - Diversified industry distribution chart, Angel Studios ranks #596 out of 1004 companies for Piotroski F-Score. This places Angel Studios in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Angel Studios' value of 4 is 20% below this benchmark. Historically, Angel Studios' own Piotroski F-Score has ranged from 4.00 to 4.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Angel Studios 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 Media - Diversified company?
The median Piotroski F-Score among Media - Diversified companies is 5.00, based on 1,004 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. Angel Studios'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 Angel Studios and its competitors. For the Media - Diversified 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. Angel Studios'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 Angel Studios stock overvalued right now?
Angel Studios (ANGX) 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 Media - Diversified industry median of 5.00. Angel Studios' overall GF Score™ is 10/100 with 1 warning sign 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 Angel Studios (ANGX), the current Piotroski F-Score is 4 as of Jul. 21, 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.

Angel Studios Business Description

Other Exchanges ANGX:MexicoQ62:Germany
Address 295 W Center Street, Provo, UT, USA, 84601
Angel Studios Inc is an entertainment company known for crowd-funded films and television projects. It enables creators to share projects and engage audiences directly. The platform allows fans to invest in and promote productions, fostering a community-driven approach to content creation.
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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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