ENPRF (Current Water Technologies) Piotroski F-Score: 3 (As of Jun. 25, 2026) — 25% Below Median


What is Current Water Technologies Piotroski F-Score?

Current Water Technologies ENPRF Piotroski F-Score is 3 as of Jun. 25, 2026, which is 25% below its 10-year median of 4.00. The stock has 3 warning signs investors should review. Among 2,979 Industrial Products companies, Current Water Technologies ranks worse than 82.24% on this metric.

Warning Sign:

Piotroski F-Score of 3 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

Current Water Technologies has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

ENPRF' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 7
Current: 3

During the past 13 years, the highest Piotroski F-Score of Current Water Technologies was 7. The lowest was 1. And the median was 4.

Current Water Technologies  (OTCPK:ENPRF) 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.


Current Water Technologies Piotroski F-Score Related Terms


Current Water Technologies Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Current Water 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.

Current Water Technologies Piotroski F-Score Chart

Current Water Technologies Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 3.00 6.00 7.00 2.00

Current Water Technologies Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 1.00 2.00 2.00 3.00 3.00

ENPRF vs VLTO, ZWS, CECO: Piotroski F-Score Comparison

For the Pollution & Treatment Controls subindustry, Current Water 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.


Current Water Technologies Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Current Water Technologies's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Current Water Technologies's Piotroski F-Score falls into.


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 (Sep25) TTM:Last Year (Sep24) TTM:
Net Income was -0.536 + -0.212 + -0.165 + -0.16 = $-1.07 Mil.
Cash Flow from Operations was -0.152 + 0.079 + -0.176 + 0.007 = $-0.24 Mil.
Revenue was -0.179 + 0.199 + 0.207 + 0.139 = $0.37 Mil.
Gross Profit was -0.43 + -0.071 + -0.044 + -0.035 = $-0.58 Mil.
Average Total Assets from the begining of this year (Sep24)
to the end of this year (Sep25) was
(1.186 + 1.084 + 0.859 + 0.908 + 0.742) / 5 = $0.9558 Mil.
Total Assets at the begining of this year (Sep24) was $1.19 Mil.
Long-Term Debt & Capital Lease Obligation was $0.38 Mil.
Total Current Assets was $0.31 Mil.
Total Current Liabilities was $0.82 Mil.
Net Income was -0.165 + 0.072 + -0.026 + -0.233 = $-0.35 Mil.

Revenue was -0.395 + 0.642 + 0.351 + 0.318 = $0.92 Mil.
Gross Profit was -0.707 + 0.251 + 0.147 + -0.048 = $-0.36 Mil.
Average Total Assets from the begining of last year (Sep23)
to the end of last year (Sep24) was
(1.035 + 1.571 + 1.291 + 1.328 + 1.186) / 5 = $1.2822 Mil.
Total Assets at the begining of last year (Sep23) was $1.04 Mil.
Long-Term Debt & Capital Lease Obligation was $0.58 Mil.
Total Current Assets was $0.57 Mil.
Total Current Liabilities was $0.35 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.

Current Water Technologies's current Net Income (TTM) was -1.07. ==> 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.

Current Water Technologies's current Cash Flow from Operations (TTM) was -0.24. ==> 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 (Sep24)
=-1.073/1.186
=-0.90472175

ROA (Last Year)=Net Income/Total Assets (Sep23)
=-0.352/1.035
=-0.34009662

Current Water Technologies's return on assets of this year was -0.90472175. Current Water Technologies's return on assets of last year was -0.34009662. ==> 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.

Current Water Technologies's current Net Income (TTM) was -1.07. Current Water Technologies's current Cash Flow from Operations (TTM) was -0.24. ==> -0.24 > -1.07 ==> 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: Sep25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep24 to Sep25
=0.379/0.9558
=0.39652647

Gearing (Last Year: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=0.577/1.2822
=0.4500078

Current Water Technologies's gearing of this year was 0.39652647. Current Water Technologies's gearing of last year was 0.4500078. ==> 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: Sep25)=Total Current Assets/Total Current Liabilities
=0.305/0.819
=0.37240537

Current Ratio (Last Year: Sep24)=Total Current Assets/Total Current Liabilities
=0.574/0.347
=1.65417867

Current Water Technologies's current ratio of this year was 0.37240537. Current Water Technologies's current ratio of last year was 1.65417867. ==> 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.

Current Water Technologies's number of shares in issue this year was 216.192. Current Water Technologies's number of shares in issue last year was 221.91. ==> 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
=-0.58/0.366
=-1.58469945

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-0.357/0.916
=-0.38973799

Current Water Technologies's gross margin of this year was -1.58469945. Current Water Technologies's gross margin of last year was -0.38973799. ==> 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 (Sep24)
=0.366/1.186
=0.30860034

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep23)
=0.916/1.035
=0.88502415

Current Water Technologies's asset turnover of this year was 0.30860034. Current Water Technologies's asset turnover of last year was 0.88502415. ==> 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+0+0+1+1+0+1+0+0
=3

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

Current Water Technologies has an F-score of 3. 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 3 mean?
Current Water Technologies (ENPRF) has a Piotroski F-Score of 3 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Current Water Technologies and its competitors. This is 25% below median its historical median of 4.00. Over the past decade, Current Water Technologies' Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, Current Water Technologies ranks #2450 out of 2979 companies in the Industrial Products industry, placing it in the top 82.2%.
Is Current Water Technologies' Piotroski F-Score too high?
Current Water Technologies' current Piotroski F-Score of 3 is 25% below 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 7.00. The Industrial Products industry median Piotroski F-Score is 5.00. Current Water Technologies' value of 3 is 40% below this industry median. Based on the distribution chart, Current Water Technologies ranks #2450 out of 2979 companies in the Industrial Products industry, which is in the bottom quartile relative to peers.
How does Current Water Technologies' Piotroski F-Score compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Current Water Technologies ranks #2450 out of 2979 companies for Piotroski F-Score. This places Current Water Technologies in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Current Water Technologies' value of 3 is 40% below this benchmark. Historically, Current Water Technologies' own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Current Water 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,979 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. Current Water Technologies's current Piotroski F-Score of 3 is 40% 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 Current Water Technologies 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. Current Water Technologies's current Piotroski F-Score is 3, which is 25% below 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 Current Water Technologies stock overvalued right now?
Current Water Technologies (ENPRF) has a current Piotroski F-Score of 3. The current Piotroski F-Score is 3, which is 25% below median its 10-year median of 4.00 and 40% below the Industrial Products industry median of 5.00. 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 Current Water Technologies (ENPRF), the current Piotroski F-Score is 3 as of Jun. 25, 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.

Current Water Technologies Business Description

Other Exchanges WATR:Canada
Address 70 Southgate Drive, Unit 4, Guelph, ON, CAN, N1G 4P5
Current Water Technologies Inc is engaged in the development of environmental technologies. The company offers advanced technology for the treatment of industrial and municipal wastewater and drinking water resources. It offers technology such as electro-static deionization and the treatment of total ammonia (AmmEL). Electro-static deionization is a capacitive deionization technology for the removal of total dissolved solids, whereas AmmEL is an ammonia removal technology to treat ammonia contaminated water. It operates through the following segments: The current Water segment and the Pumptronics segment. Geographically, the firm operates in United States and Canada.