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Alphawave IP Group (OTCPK:AWEVF) 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.
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.
Alphawave IP Group Piotroski F-Score Related Terms
Alphawave IP Group Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Alphawave IP 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.
AWEVF vs POET, WOLF, INDI: Piotroski F-Score Comparison
For the Semiconductors subindustry, Alphawave IP 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.
Alphawave IP Group Piotroski F-Score vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Alphawave IP Group's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Alphawave IP Group's Piotroski F-Score falls into.
* 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.
*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.
Alphawave IP Group's current Net Income (TTM) was -42.5.
==> 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.
Alphawave IP Group's return on assets of this year was -0.04906501. Alphawave IP Group's return on assets of last year was -0.05645874.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Alphawave IP Group's gearing of this year was 0.37028076. Alphawave IP Group's gearing of last year was 0.2570456.
==> 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
Alphawave IP Group's current ratio of this year was 2.1810218. Alphawave IP Group's current ratio of last year was 2.19699132.
==> 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.
Alphawave IP Group's number of shares in issue this year was 735.053. Alphawave IP Group's number of shares in issue last year was 705.55.
==> 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.
Alphawave IP Group's gross margin of this year was 0.58873826. Alphawave IP Group's gross margin of last year was 0.51395606.
==> 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
Alphawave IP Group's asset turnover of this year was 0.35494499. Alphawave IP Group's asset turnover of last year was 0.35614546.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Alphawave IP Group has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Alphawave IP Group (AWEVF) has a Piotroski F-Score of 4 as of Aug. 10, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Alphawave IP Group and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Alphawave IP Group's Piotroski F-Score has ranged from 1.00 to 5.00.
Is Alphawave IP Group's Piotroski F-Score too high?
Alphawave IP Group's current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 5.00. The Semiconductors industry median Piotroski F-Score is 5.00. Alphawave IP Group's value of 4 is 20% below this industry median. Overall, Alphawave IP Group has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Alphawave IP Group's Piotroski F-Score compare to POET and WOLF?
Alphawave IP Group's Piotroski F-Score of 4 can be compared against companies in the Semiconductors industry. The industry median Piotroski F-Score is 5.00. Alphawave IP Group's value of 4 is 20% below this benchmark. Historically, Alphawave IP Group's own Piotroski F-Score has ranged from 1.00 to 5.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Alphawave IP 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 a Semiconductors company?
The median Piotroski F-Score among Semiconductors companies is 5.00, based on 977 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. Alphawave IP 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 Alphawave IP Group and its competitors. For the Semiconductors 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. Alphawave IP Group's current Piotroski F-Score is 4, which is 20% below 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 Alphawave IP Group stock overvalued right now?
Alphawave IP Group (AWEVF) has a current Piotroski F-Score of 4. The stock's GF Value™ is $2.32, compared to a current price of $1.25 — trading 46.1% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Semiconductors industry median of 5.00. Alphawave IP Group's overall GF Score™ is 72/100 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 Alphawave IP Group (AWEVF), the current Piotroski F-Score is 4 as of Aug. 10, 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.
Is Alphawave IP Group (AWEVF) Overvalued in 2026?
Based on GuruFocus' analysis, Alphawave IP Group stock appears to be undervalued.
The current stock price of $1.25 is trading 46.1% below its estimated GF Value™ of $2.32.
Key valuation signals for AWEVF:
Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
GF Value™: $2.32 vs. price of $1.25 (46.1% below fair value)
Industry Position: 20% below the Semiconductors median
No single metric tells the full story. See the AWEVF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alphawave IP Group PLC is a semiconductor company specializing in high-speed wired connectivity and computing technologies that enable data to travel faster, more reliably, and use lower power. It develops edge, high-speed connectivity solutions that are a critical part of the core infrastructure enabling next-generation services in data centers, artificial intelligence, data networking, data storage, 5G infrastructure, and autonomous vehicles. Its business is located in Canada.
72GF Score
Get the complete analysis for AWEVF
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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