Enablence TechnologiesENAFF -18.33%14 Piotroski F-Score is 4 as of Jun. 28, 2026, which is at its 10-year median of 4.00. GuruFocus rates ENAFF with a GF Score™ of 14/100 and a GF Value™ of $2.47 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,432 Hardware companies, Enablence Technologies ranks worse than 62.13% 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
Enablence Technologies 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 Enablence Technologies's Piotroski F-Score or its related term are showing as below:
ENAFF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 4 Max: 6
Current: 4
During the past 13 years, the highest Piotroski F-Score of Enablence Technologies was 6. The lowest was 1. And the median was 4.
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.
Enablence Technologies Piotroski F-Score Related Terms
Enablence Technologies Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Enablence Technologies'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.
ENAFF vs CSCO, CIEN, MSI: Piotroski F-Score Comparison
For the Communication Equipment subindustry, Enablence Technologies'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.
Enablence Technologies Piotroski F-Score vs Hardware Industry
For the Hardware industry and Technology sector, Enablence Technologies's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Enablence Technologies'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.
Enablence Technologies's current Net Income (TTM) was -22.24.
==> 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.
Enablence Technologies's current Cash Flow from Operations (TTM) was -14.94.
==> 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.
Enablence Technologies's return on assets of this year was -1.83800314. Enablence Technologies's return on assets of last year was -7.73102829.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Enablence Technologies's gearing of this year was 2.50659596. Enablence Technologies's gearing of last year was 4.21771872.
==> 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
Enablence Technologies's current ratio of this year was 0.29843486. Enablence Technologies's current ratio of last year was 0.40072294.
==> 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.
Enablence Technologies's number of shares in issue this year was 19.177. Enablence Technologies's number of shares in issue last year was 18.973.
==> 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.
Enablence Technologies's gross margin of this year was -0.41186903. Enablence Technologies's gross margin of last year was -0.52058166.
==> 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
Enablence Technologies's asset turnover of this year was 0.60583519. Enablence Technologies's asset turnover of last year was 2.00718455.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Enablence Technologies has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Enablence Technologies (ENAFF) has a Piotroski F-Score of 4 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Enablence Technologies and its competitors. This is near median its historical median of 4.00. Over the past decade, Enablence Technologies' Piotroski F-Score has ranged from 1.00 to 6.00. According to the industry distribution chart, Enablence Technologies ranks #1511 out of 2432 companies in the Hardware industry, placing it in the top 62.1%.
Is Enablence Technologies' Piotroski F-Score too high?
Enablence Technologies' 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 1.00 to a high of 6.00. The Hardware industry median Piotroski F-Score is 5.00. Enablence Technologies' value of 4 is 20% below this industry median. Based on the distribution chart, Enablence Technologies ranks #1511 out of 2432 companies in the Hardware industry, which is below the industry midpoint. Overall, Enablence Technologies has a GF Score™ of 14/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Enablence Technologies' Piotroski F-Score compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Enablence Technologies ranks #1511 out of 2432 companies for Piotroski F-Score. This places Enablence Technologies in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Enablence Technologies' value of 4 is 20% below this benchmark. Historically, Enablence Technologies' own Piotroski F-Score has ranged from 1.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Enablence Technologies 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,432 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. Enablence Technologies'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 Enablence Technologies and its competitors. For the Hardware 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. Enablence Technologies'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 Enablence Technologies stock overvalued right now?
Based on GuruFocus' analysis, Enablence Technologies (ENAFF) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.47, compared to a current price of $6.03 — trading 144.1% above its estimated fair value. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Hardware industry median of 5.00. Enablence Technologies' overall GF Score™ is 14/100 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 Enablence Technologies (ENAFF), the current Piotroski F-Score is 4 as of Jun. 28, 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 Enablence Technologies (ENAFF) Overvalued in 2026?
Based on GuruFocus' analysis, Enablence Technologies stock appears to be overvalued.
The current stock price of $6.03 is trading 144.1% above its estimated GF Value™ of $2.47.
GuruFocus considers Enablence Technologies to be Significantly Overvalued.
Key valuation signals for ENAFF:
Piotroski F-Score: 4 (near median its 10-year median of 4.00)
GF Value™: $2.47 vs. price of $6.03 (144.1% above fair value)
Industry Position: 20% below the Hardware median (#1511 of 2432)
No single metric tells the full story. See the ENAFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Enablence Technologies Inc is a company operating in an integrated optical products business. The company designs manufacture and sells optical components, in the form of planar lightwave circuits on silicon-based chips. Its products are offered in telecommunications, aerospace, and bio-chemical sensing industries. Enablence products serve a world-wide customer base, focused on data centres end markets in which Enablence works with customers that have emerging market uses for its technology, including medical devices, automotive LiDAR and virtual and augmented reality headset.
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