CGEH (Capstone Green Energy Holding) Piotroski F-Score: 6 (As of Jun. 29, 2026) — 50% Above Median


CGEH Capstone Green Energy Holding Inc CGEH
15 GF Score
Price $9.10
! 6 Warning Signs
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What is Capstone Green Energy Holding Piotroski F-Score?

Capstone Green Energy Holding CGEH -8.82% 15 Piotroski F-Score is 6 as of Jun. 29, 2026, which is 50% above its 10-year median of 4.00. GuruFocus rates CGEH with a GF Score™ of 15/100. The stock has 6 warning signs investors should review. Among 2,971 Industrial Products companies, Capstone Green Energy Holding ranks better than 75.43% 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

Capstone Green Energy Holding has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

CGEH' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 6
Current: 6

During the past 13 years, the highest Piotroski F-Score of Capstone Green Energy Holding was 6. The lowest was 3. And the median was 4.

Capstone Green Energy Holding  (OTCPK:CGEH) 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.


Capstone Green Energy Holding Piotroski F-Score Related Terms


Capstone Green Energy Holding Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Capstone Green Energy Holding'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.

Capstone Green Energy Holding Piotroski F-Score Chart

Capstone Green Energy Holding Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 3.00 4.00 5.00 6.00

Capstone Green Energy Holding Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 5.00 N/A N/A N/A 6.00

CGEH vs OFLX, HUHU, TWIN: Piotroski F-Score Comparison

For the Specialty Industrial Machinery subindustry, Capstone Green Energy Holding'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.


Capstone Green Energy Holding Piotroski F-Score vs Industrial Products Industry

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

* The bar in red indicates where Capstone Green Energy Holding's Piotroski F-Score falls into.


CGEH
15GF Score
Capstone Green Energy Holding Inc CGEH
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 (Mar25) TTM:
Net Income was -0.698 + 0.834 + 1.185 + 1.504 = $2.8 Mil.
Cash Flow from Operations was -1.596 + 0.551 + 3.02 + -4.504 = $-2.5 Mil.
Revenue was 27.871 + 28.385 + 26.762 + 22.986 = $106.0 Mil.
Gross Profit was 7.564 + 8.962 + 10.428 + 6.917 = $33.9 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(74.864 + 72.761 + 82.367 + 87.677 + 111.45) / 5 = $85.8238 Mil.
Total Assets at the begining of this year (Mar25) was $74.9 Mil.
Long-Term Debt & Capital Lease Obligation was $9.1 Mil.
Total Current Assets was $67.8 Mil.
Total Current Liabilities was $70.8 Mil.
Net Income was -3.937 + -0.423 + -2.704 + -0.126 = $-7.2 Mil.

Revenue was 15.643 + 22.722 + 20.148 + 27.051 = $85.6 Mil.
Gross Profit was 3.787 + 7.01 + 4.994 + 7.508 = $23.3 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(84.206 + 0 + 0 + 78.361 + 74.864) / 5 = $79.14366667 Mil.
Total Assets at the begining of last year (Mar24) was $84.2 Mil.
Long-Term Debt & Capital Lease Obligation was $29.4 Mil.
Total Current Assets was $36.1 Mil.
Total Current Liabilities was $52.6 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.

Capstone Green Energy Holding's current Net Income (TTM) was 2.8. ==> Positive ==> Score 1.

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.

Capstone Green Energy Holding's current Cash Flow from Operations (TTM) was -2.5. ==> 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 (Mar25)
=2.825/74.864
=0.03773509

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-7.19/84.206
=-0.08538584

Capstone Green Energy Holding's return on assets of this year was 0.03773509. Capstone Green Energy Holding's return on assets of last year was -0.08538584. ==> 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.

Capstone Green Energy Holding's current Net Income (TTM) was 2.8. Capstone Green Energy Holding's current Cash Flow from Operations (TTM) was -2.5. ==> -2.5 <= 2.8 ==> CFROA <= ROA ==> Score 0.

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 Mar25 to Mar26
=9.123/85.8238
=0.10629919

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=29.449/79.14366667
=0.37209547

Capstone Green Energy Holding's gearing of this year was 0.10629919. Capstone Green Energy Holding's gearing of last year was 0.37209547. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=67.835/70.78
=0.9583922

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=36.089/52.578
=0.68638974

Capstone Green Energy Holding's current ratio of this year was 0.9583922. Capstone Green Energy Holding's current ratio of last year was 0.68638974. ==> 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.

Capstone Green Energy Holding's number of shares in issue this year was 30.497. Capstone Green Energy Holding's number of shares in issue last year was 19.152. ==> 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
=33.871/106.004
=0.31952568

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=23.299/85.564
=0.2722991

Capstone Green Energy Holding's gross margin of this year was 0.31952568. Capstone Green Energy Holding's gross margin of last year was 0.2722991. ==> 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 (Mar25)
=106.004/74.864
=1.41595426

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=85.564/84.206
=1.01612712

Capstone Green Energy Holding's asset turnover of this year was 1.41595426. Capstone Green Energy Holding's asset turnover of last year was 1.01612712. ==> 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
=1+0+1+0+1+1+0+1+1
=6

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

Capstone Green Energy Holding has an F-score of 6 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 6 mean?
Capstone Green Energy Holding (CGEH) has a Piotroski F-Score of 6 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Capstone Green Energy Holding and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, Capstone Green Energy Holding's Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, Capstone Green Energy Holding ranks #730 out of 2971 companies in the Industrial Products industry, placing it in the top 24.6%.
Is Capstone Green Energy Holding's Piotroski F-Score too high?
Capstone Green Energy Holding's current Piotroski F-Score of 6 is 50% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 6.00. The Industrial Products industry median Piotroski F-Score is 5.00. Capstone Green Energy Holding's value of 6 is 20% above this industry median. Based on the distribution chart, Capstone Green Energy Holding ranks #730 out of 2971 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Capstone Green Energy Holding has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Capstone Green Energy Holding's Piotroski F-Score compare to OFLX and HUHU?
According to the Industrial Products industry distribution chart, Capstone Green Energy Holding ranks #730 out of 2971 companies for Piotroski F-Score. This places Capstone Green Energy Holding in the top 25% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Capstone Green Energy Holding's value of 6 is 20% above this benchmark. Historically, Capstone Green Energy Holding's own Piotroski F-Score has ranged from 3.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Capstone Green Energy Holding 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,971 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. Capstone Green Energy Holding's current Piotroski F-Score of 6 is 20% 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 Capstone Green Energy Holding 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. Capstone Green Energy Holding's current Piotroski F-Score is 6, which is 50% above 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 Capstone Green Energy Holding stock overvalued right now?
Capstone Green Energy Holding (CGEH) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 20% above the Industrial Products industry median of 5.00. Capstone Green Energy Holding's overall GF Score™ is 15/100 with 6 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 Capstone Green Energy Holding (CGEH), the current Piotroski F-Score is 6 as of Jun. 29, 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.

Capstone Green Energy Holding Business Description

Address 16640 Stagg Street, Van Nuys, Los Angles, CA, USA, 91406
Capstone Green Energy Holding Inc is a provider of customized microgrid solutions, on-site resilient Energy-as-a-Service (EaaS) solutions, and on-site energy technology systems focused on helping customers around the globe solve the Energy Trilemma of resiliency, sustainability, and affordability. These solutions include stationary distributed power generation applications and distribution networks, including cogeneration (combined heat and power (CHP), integrated combined heat and power (ICHP), and combined cooling, heat, and power (CCHP), renewable energy, natural resources, and critical power supply Capstone Green Energy Corp is the producer of low emission microturbine systems.
15GF Score

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