ENMPY (Ensurge Micropower ASA) Piotroski F-Score: 4 (As of Jun. 27, 2026) — 33% Above Median


ENMPY Ensurge Micropower ASA ENMPY
15 GF Score
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What is Ensurge Micropower ASA Piotroski F-Score?

Ensurge Micropower ASA ENMPY 15 Piotroski F-Score is 4 as of Jun. 27, 2026, which is 33% above its 10-year median of 3.00. GuruFocus rates ENMPY with a GF Score™ of 15/100. The stock has 3 warning signs investors should review. Among 2,426 Hardware companies, Ensurge Micropower ASA ranks worse than 62.2% 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

Ensurge Micropower ASA 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 Ensurge Micropower ASA's Piotroski F-Score or its related term are showing as below:

ENMPY' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 5
Current: 4

During the past 13 years, the highest Piotroski F-Score of Ensurge Micropower ASA was 5. The lowest was 1. And the median was 3.

Ensurge Micropower ASA  (OTCPK:ENMPY) 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.


Ensurge Micropower ASA Piotroski F-Score Related Terms


Ensurge Micropower ASA Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Ensurge Micropower ASA'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.

Ensurge Micropower ASA Piotroski F-Score Chart

Ensurge Micropower ASA 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 4.00 4.00 4.00

Ensurge Micropower ASA 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 3.00 3.00 3.00 4.00 4.00

ENMPY vs APH, GLW, TEL: Piotroski F-Score Comparison

For the Electronic Components subindustry, Ensurge Micropower ASA'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.


Ensurge Micropower ASA Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, Ensurge Micropower ASA's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Ensurge Micropower ASA's Piotroski F-Score falls into.


ENMPY
15GF Score
Ensurge Micropower ASA ENMPY
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 -2.169 + -1.425 + -5.299 + -5.049 = $-13.94 Mil.
Cash Flow from Operations was -1.6 + -1.344 + -2.906 + -3.958 = $-9.81 Mil.
Revenue was 0 + 0.025 + 0 + 0.152 = $0.18 Mil.
Gross Profit was 0 + 0.025 + 0 + 0.152 = $0.18 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(12.496 + 15.01 + 17.139 + 23.806 + 18.307) / 5 = $17.3516 Mil.
Total Assets at the begining of this year (Mar25) was $12.50 Mil.
Long-Term Debt & Capital Lease Obligation was $4.23 Mil.
Total Current Assets was $3.14 Mil.
Total Current Liabilities was $6.51 Mil.
Net Income was -3.551 + -2.933 + -2.679 + -1.907 = $-11.07 Mil.

Revenue was 0.02 + 0.021 + 0 + 0 = $0.04 Mil.
Gross Profit was 0.02 + 0.021 + 0 + 0 = $0.04 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(7.821 + 10.48 + 13.29 + 11.399 + 12.496) / 5 = $11.0972 Mil.
Total Assets at the begining of last year (Mar24) was $7.82 Mil.
Long-Term Debt & Capital Lease Obligation was $8.69 Mil.
Total Current Assets was $3.81 Mil.
Total Current Liabilities was $6.21 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.

Ensurge Micropower ASA's current Net Income (TTM) was -13.94. ==> 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.

Ensurge Micropower ASA's current Cash Flow from Operations (TTM) was -9.81. ==> 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)
=-13.942/12.496
=-1.11571703

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-11.07/7.821
=-1.41542002

Ensurge Micropower ASA's return on assets of this year was -1.11571703. Ensurge Micropower ASA's return on assets of last year was -1.41542002. ==> 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.

Ensurge Micropower ASA's current Net Income (TTM) was -13.94. Ensurge Micropower ASA's current Cash Flow from Operations (TTM) was -9.81. ==> -9.81 > -13.94 ==> 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
=4.226/17.3516
=0.24355103

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=8.691/11.0972
=0.78317053

Ensurge Micropower ASA's gearing of this year was 0.24355103. Ensurge Micropower ASA's gearing of last year was 0.78317053. ==> 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
=3.143/6.507
=0.48301829

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=3.807/6.209
=0.61314221

Ensurge Micropower ASA's current ratio of this year was 0.48301829. Ensurge Micropower ASA's current ratio of last year was 0.61314221. ==> 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.

Ensurge Micropower ASA's number of shares in issue this year was 0. Ensurge Micropower ASA's number of shares in issue last year was 182.358. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

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
=0.177/0.177
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0.041/0.041
=1

Ensurge Micropower ASA's gross margin of this year was 1. Ensurge Micropower ASA's gross margin of last year was 1. ==> 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)
=0.177/12.496
=0.01416453

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=0.041/7.821
=0.0052423

Ensurge Micropower ASA's asset turnover of this year was 0.01416453. Ensurge Micropower ASA's asset turnover of last year was 0.0052423. ==> 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+1+1+1+0+1+0+1
=5

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

Ensurge Micropower ASA 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 4 mean?
Ensurge Micropower ASA (ENMPY) has a Piotroski F-Score of 4 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Ensurge Micropower ASA and its competitors. This is 33% above median its historical median of 3.00. Over the past decade, Ensurge Micropower ASA's Piotroski F-Score has ranged from 1.00 to 5.00. According to the industry distribution chart, Ensurge Micropower ASA ranks #1509 out of 2426 companies in the Hardware industry, placing it in the top 62.2%.
Is Ensurge Micropower ASA's Piotroski F-Score too high?
Ensurge Micropower ASA's current Piotroski F-Score of 4 is 33% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 5.00. The Hardware industry median Piotroski F-Score is 5.00. Ensurge Micropower ASA's value of 4 is 20% below this industry median. Based on the distribution chart, Ensurge Micropower ASA ranks #1509 out of 2426 companies in the Hardware industry, which is below the industry midpoint. Overall, Ensurge Micropower ASA has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Ensurge Micropower ASA's Piotroski F-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Ensurge Micropower ASA ranks #1509 out of 2426 companies for Piotroski F-Score. This places Ensurge Micropower ASA in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Ensurge Micropower ASA's value of 4 is 20% below this benchmark. Historically, Ensurge Micropower ASA'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 3.00 vs. the industry median of 5.00, Ensurge Micropower ASA 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 2,426 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. Ensurge Micropower ASA'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 Ensurge Micropower ASA 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. Ensurge Micropower ASA's current Piotroski F-Score is 4, which is 33% above 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 Ensurge Micropower ASA stock overvalued right now?
Ensurge Micropower ASA (ENMPY) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is 33% above median its 10-year median of 3.00 and 20% below the Hardware industry median of 5.00. Ensurge Micropower ASA's overall GF Score™ is 15/100 with 3 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 Ensurge Micropower ASA (ENMPY), the current Piotroski F-Score is 4 as of Jun. 27, 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.

Ensurge Micropower ASA Business Description

Address Kongens Gate 6, Oslo, NOR, 0153
Ensurge Micropower ASA provides ultrathin, flexible, and safe energy storage solutions for wearable devices, connected sensors, and beyond. Its solid-state lithium battery (SSLB) technology is positioned to enable the production of powerful, lightweight, and cost-effective rechargeable batteries for diverse applications, such as in hearables, sports and fitness wearables, home and industrial connected devices, and medical wearables, among others.
15GF Score

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

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