CNPRF (Condor Energies) Piotroski F-Score: 2 (As of Jun. 24, 2026) — 33% Below Median


CNPRF Condor Energies Inc CNPRF
67 GF Score
Price $1.86
GF Value $2.56
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Condor Energies Piotroski F-Score?

Condor Energies CNPRF 67 Piotroski F-Score is 2 as of Jun. 24, 2026, which is 33% below its 10-year median of 3.00. GuruFocus rates CNPRF with a GF Score™ of 67/100 and a GF Value™ of $2.56 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 974 Oil & Gas companies, Condor Energies ranks worse than 91.17% on this metric.

Warning Sign:

Piotroski F-Score of 2 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Condor Energies has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

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

CNPRF' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 3   Max: 7
Current: 2

During the past 13 years, the highest Piotroski F-Score of Condor Energies was 7. The lowest was 2. And the median was 3.

Condor Energies  (OTCPK:CNPRF) 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.


Condor Energies Piotroski F-Score Related Terms


Condor Energies Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Condor Energies'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.

Condor Energies Piotroski F-Score Chart

Condor Energies Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 3.00 2.00 6.00 3.00

Condor Energies Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 7.00 5.00 4.00 3.00 2.00

CNPRF vs COP, EOG, OXY: Piotroski F-Score Comparison

For the Oil & Gas E&P subindustry, Condor Energies'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.


Condor Energies Piotroski F-Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Condor Energies's Piotroski F-Score distribution charts can be found below:

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


CNPRF
67GF Score
Condor Energies Inc CNPRF
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was -0.841 + -0.347 + -1.811 + -2.383 = $-5.38 Mil.
Cash Flow from Operations was 2.665 + 10.951 + 2.556 + 1.316 = $17.49 Mil.
Revenue was 14.115 + 13.552 + 14.773 + 16.458 = $58.90 Mil.
Gross Profit was 3.556 + 3.309 + 2.989 + 4.155 = $14.01 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(47.664 + 53.148 + 58.254 + 71.344 + 78.848) / 5 = $61.8516 Mil.
Total Assets at the begining of this year (Mar25) was $47.66 Mil.
Long-Term Debt & Capital Lease Obligation was $8.89 Mil.
Total Current Assets was $24.29 Mil.
Total Current Liabilities was $35.35 Mil.
Net Income was 0.036 + 0.427 + -2.318 + -0.059 = $-1.91 Mil.

Revenue was 13.91 + 14.18 + 14.727 + 15.513 = $58.33 Mil.
Gross Profit was 5.999 + 6.031 + 3.746 + 4.781 = $20.56 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(22.14 + 29.999 + 39.741 + 46.752 + 47.664) / 5 = $37.2592 Mil.
Total Assets at the begining of last year (Mar24) was $22.14 Mil.
Long-Term Debt & Capital Lease Obligation was $3.43 Mil.
Total Current Assets was $30.30 Mil.
Total Current Liabilities was $14.81 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.

Condor Energies's current Net Income (TTM) was -5.38. ==> 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.

Condor Energies's current Cash Flow from Operations (TTM) was 17.49. ==> Positive ==> Score 1.

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)
=-5.382/47.664
=-0.11291541

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-1.914/22.14
=-0.08644986

Condor Energies's return on assets of this year was -0.11291541. Condor Energies's return on assets of last year was -0.08644986. ==> 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.

Condor Energies's current Net Income (TTM) was -5.38. Condor Energies's current Cash Flow from Operations (TTM) was 17.49. ==> 17.49 > -5.38 ==> 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 Mar25 to Mar26
=8.889/61.8516
=0.14371496

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=3.434/37.2592
=0.09216516

Condor Energies's gearing of this year was 0.14371496. Condor Energies's gearing of last year was 0.09216516. ==> 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
=24.294/35.352
=0.68720299

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=30.299/14.806
=2.04640011

Condor Energies's current ratio of this year was 0.68720299. Condor Energies's current ratio of last year was 2.04640011. ==> 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.

Condor Energies's number of shares in issue this year was 68.382. Condor Energies's number of shares in issue last year was 67.463. ==> 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
=14.009/58.898
=0.23785188

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=20.557/58.33
=0.35242585

Condor Energies's gross margin of this year was 0.23785188. Condor Energies's gross margin of last year was 0.35242585. ==> Last year's gross margin is higher ==> Score 0.

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)
=58.898/47.664
=1.23569151

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=58.33/22.14
=2.63459801

Condor Energies's asset turnover of this year was 1.23569151. Condor Energies's asset turnover of last year was 2.63459801. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+1+0+1+0+0+0+0+0
=2

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

Condor Energies has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 2 mean?
Condor Energies (CNPRF) has a Piotroski F-Score of 2 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Condor Energies and its competitors. This is 33% below median its historical median of 3.00. Over the past decade, Condor Energies' Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Condor Energies ranks #888 out of 974 companies in the Oil & Gas industry, placing it in the top 91.2%.
Is Condor Energies' Piotroski F-Score too high?
Condor Energies' current Piotroski F-Score of 2 is 33% below median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Oil & Gas industry median Piotroski F-Score is 5.00. Condor Energies' value of 2 is 60% below this industry median. Based on the distribution chart, Condor Energies ranks #888 out of 974 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Condor Energies has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Condor Energies' Piotroski F-Score compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Condor Energies ranks #888 out of 974 companies for Piotroski F-Score. This places Condor Energies in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Condor Energies' value of 2 is 60% below this benchmark. Historically, Condor Energies' own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Condor Energies 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 an Oil & Gas company?
The median Piotroski F-Score among Oil & Gas companies is 5.00, based on 974 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. Condor Energies's current Piotroski F-Score of 2 is 60% 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 Condor Energies and its competitors. For the Oil & Gas 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. Condor Energies's current Piotroski F-Score is 2, which is 33% below median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Condor Energies stock overvalued right now?
Based on GuruFocus' analysis, Condor Energies (CNPRF) is currently considered Modestly Undervalued. The stock's GF Value™ is $2.56, compared to a current price of $1.86 — trading 27.3% below its estimated fair value. The current Piotroski F-Score is 2, which is 33% below median its 10-year median of 3.00 and 60% below the Oil & Gas industry median of 5.00. Condor Energies' overall GF Score™ is 67/100 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 Condor Energies (CNPRF), the current Piotroski F-Score is 2 as of Jun. 24, 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 Condor Energies (CNPRF) Overvalued in 2026?

Based on GuruFocus' analysis, Condor Energies stock appears to be undervalued. The current stock price of $1.86 is trading 27.3% below its estimated GF Value™ of $2.56. GuruFocus considers Condor Energies to be Modestly Undervalued.

Key valuation signals for CNPRF:

  • Piotroski F-Score: 2 (33% below median its 10-year median of 3.00)
  • GF Value™: $2.56 vs. price of $1.86 (27.3% below fair value)
  • GF Score™: 67/100 with 6 warning signs
  • Industry Position: 60% below the Oil & Gas median (#888 of 974)

No single metric tells the full story. See the CNPRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Condor Energies Business Description

Industry EnergyOil & Gas
Other Exchanges WQ6:GermanyCDR:Canada
Address 500 - 4th Avenue SW, Suite 1810, Calgary, AB, CAN, T2P 2V6
Condor Energies Inc is an energy company focused on the production activities at various conventional natural gas-condensate fields (the PEC Project) in Uzbekistan. It is also active in an LNG initiative in Kazakhstan and is constructing a liquefied natural gas (LNG) facility to produce, distribute, and sell LNG to displace diesel fuel usage in the country. Additionally, Condor holds a hundred percent interest in and operates the Poyraz Ridge and Destan operating licenses and gas fields in Turkiye; and the Sayakbay and Kolkuduk exploration licenses in Kazakhstan. The company's reporting and operating segments are: Uzbekistan, which generates maximum revenue, Kazakhstan, Turkiye, and Corporate. The majority of its revenue is generated from the sale of natural gas.
67GF Score

Get the complete analysis for CNPRF

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

$1.86
Price
$2.56
GF Value