ASBP (Aspire-Lakewood Holdings) Piotroski F-Score: 5 (As of Sep. 11, 2026) — Near Median

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ASBP Aspire-Lakewood Holdings Inc ASBP
11 GF Score
Price $9.25
! 2 Warning Signs
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What is Aspire-Lakewood Holdings Piotroski F-Score?

Aspire-Lakewood Holdings ASBP +2.42% 11 Piotroski F-Score is 5 as of Sep. 11, 2026, which is at its 10-year median of 5.00. GuruFocus rates ASBP with a GF Score™ of 11/100. The stock has 2 warning signs investors should review. Among 1,341 Biotechnology companies, Aspire-Lakewood Holdings ranks better than 85.53% 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

Aspire-Lakewood Holdings 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 Aspire-Lakewood Holdings's Piotroski F-Score or its related term are showing as below:

ASBP' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 5
Current: 5

During the past 4 years, the highest Piotroski F-Score of Aspire-Lakewood Holdings was 5. The lowest was 4. And the median was 5.

Aspire-Lakewood Holdings  (NAS:ASBP) 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.


Aspire-Lakewood Holdings Piotroski F-Score Related Terms


Aspire-Lakewood Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Aspire-Lakewood Holdings'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.

Aspire-Lakewood Holdings Piotroski F-Score Chart

Aspire-Lakewood Holdings Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A N/A 4.00

Aspire-Lakewood Holdings Quarterly Data
Dec22 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 N/A N/A 4.00 N/A 5.00

ASBP vs PDSB, KPRX, SNTI: Piotroski F-Score Comparison

For the Biotechnology subindustry, Aspire-Lakewood Holdings'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.


Aspire-Lakewood Holdings Piotroski F-Score vs Biotechnology Industry

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

* The bar in red indicates where Aspire-Lakewood Holdings's Piotroski F-Score falls into.


ASBP
11GF Score
Aspire-Lakewood Holdings Inc ASBP
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 -1.85 + -4.708 + -3.223 + -1.268 = $-11.05 Mil.
Cash Flow from Operations was -1.104 + -0.928 + -3.039 + -2.116 = $-7.19 Mil.
Revenue was 0.002 + 0.004 + 0.028 + 0.063 = $0.10 Mil.
Gross Profit was 0.001 + -0.001 + 0.006 + -0.03 = $-0.02 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(0.989 + 2.403 + 1.312 + 7.117 + 13.541) / 5 = $5.0724 Mil.
Total Assets at the begining of this year (Jun25) was $0.99 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $13.47 Mil.
Total Current Liabilities was $1.69 Mil.
Net Income was -0.216 + -0.766 + -15.941 + -1.981 = $-18.90 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 (Jun24)
to the end of last year (Jun25) was
(5.059 + 0.184 + 0.148 + 1.966 + 0.989) / 5 = $1.6692 Mil.
Total Assets at the begining of last year (Jun24) was $5.06 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.99 Mil.
Total Current Liabilities was $10.56 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.

Aspire-Lakewood Holdings's current Net Income (TTM) was -11.05. ==> 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.

Aspire-Lakewood Holdings's current Cash Flow from Operations (TTM) was -7.19. ==> 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 (Jun25)
=-11.049/0.989
=-11.1718908

ROA (Last Year)=Net Income/Total Assets (Jun24)
=-18.904/5.059
=-3.73670686

Aspire-Lakewood Holdings's return on assets of this year was -11.1718908. Aspire-Lakewood Holdings's return on assets of last year was -3.73670686. ==> 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.

Aspire-Lakewood Holdings's current Net Income (TTM) was -11.05. Aspire-Lakewood Holdings's current Cash Flow from Operations (TTM) was -7.19. ==> -7.19 > -11.05 ==> 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
=0/5.0724
=0

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=0/1.6692
=0

Aspire-Lakewood Holdings's gearing of this year was 0. Aspire-Lakewood Holdings's gearing of last year was 0. ==> 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: Jun26)=Total Current Assets/Total Current Liabilities
=13.466/1.686
=7.98695136

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=0.989/10.557
=0.09368192

Aspire-Lakewood Holdings's current ratio of this year was 7.98695136. Aspire-Lakewood Holdings's current ratio of last year was 0.09368192. ==> 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.

Aspire-Lakewood Holdings's number of shares in issue this year was 1.038. Aspire-Lakewood Holdings's number of shares in issue last year was 0.041. ==> 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
=-0.024/0.097
=-0.24742268

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

Aspire-Lakewood Holdings's gross margin of this year was -0.24742268. Aspire-Lakewood Holdings's gross margin of last year was . ==> 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 (Jun25)
=0.097/0.989
=0.09807887

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=0/5.059
=0

Aspire-Lakewood Holdings's asset turnover of this year was 0.09807887. Aspire-Lakewood Holdings's asset turnover of last year was 0. ==> 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+0+1+1+1+0+1+1
=5

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

Aspire-Lakewood Holdings 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?
Aspire-Lakewood Holdings (ASBP) has a Piotroski F-Score of 5 as of Sep. 11, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Aspire-Lakewood Holdings and its competitors. This is near median its historical median of 5.00. Over the past decade, Aspire-Lakewood Holdings' Piotroski F-Score has ranged from 4.00 to 5.00. According to the industry distribution chart, Aspire-Lakewood Holdings ranks #194 out of 1341 companies in the Biotechnology industry, placing it in the top 14.5%.
Is Aspire-Lakewood Holdings' Piotroski F-Score too high?
Aspire-Lakewood Holdings' 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 4.00 to a high of 5.00. The Biotechnology industry median Piotroski F-Score is 3.00. Aspire-Lakewood Holdings' value of 5 is 66.7% above this industry median. Based on the distribution chart, Aspire-Lakewood Holdings ranks #194 out of 1341 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, Aspire-Lakewood Holdings has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Aspire-Lakewood Holdings' Piotroski F-Score compare to PDSB and KPRX?
According to the Biotechnology industry distribution chart, Aspire-Lakewood Holdings ranks #194 out of 1341 companies for Piotroski F-Score. This places Aspire-Lakewood Holdings in the top 15% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Aspire-Lakewood Holdings' value of 5 is 66.7% above this benchmark. Historically, Aspire-Lakewood Holdings' own Piotroski F-Score has ranged from 4.00 to 5.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 3.00, Aspire-Lakewood Holdings 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 1,341 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. Aspire-Lakewood Holdings'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 Aspire-Lakewood Holdings 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. Aspire-Lakewood Holdings'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 Aspire-Lakewood Holdings stock overvalued right now?
Aspire-Lakewood Holdings (ASBP) 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. Aspire-Lakewood Holdings' overall GF Score™ is 11/100 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 Aspire-Lakewood Holdings (ASBP), the current Piotroski F-Score is 5 as of Sep. 11, 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.

Aspire-Lakewood Holdings Business Description

Address 23150 Fashion Drive, Suite 232, Estero, FL, USA, 33928
Aspire Biopharma Holdings Inc is an early-stage biopharmaceutical company focused on developing and commercializing novel sublingual drug delivery technologies. The company is mainly engaged in advancing patent-pending formulations designed to enable rapid absorption of drugs, initially targeting high-dose aspirin products for cardiovascular and pain management applications. Its technology aims to improve efficacy and response time by bypassing the gastrointestinal tract through sublingual delivery.
11GF Score

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

$9.25
Price