AgEagle Aerial Systems (FRA:29Z0) Piotroski F-Score: 3 (As of Jun. 30, 2026) — 25% Below Median


FRA:29Z0 AgEagle Aerial Systems Inc FRA:29Z0
34 GF Score
Price €3.28
GF Value €0.42
! 4 Warning Signs
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What is AgEagle Aerial Systems Piotroski F-Score?

AgEagle Aerial Systems FRA:29Z0 34 Piotroski F-Score is 3 as of Jun. 30, 2026, which is 25% below its 10-year median of 4.00. GuruFocus rates FRA:29Z0 with a GF Score™ of 34/100 and a GF Value™ of €0.42. The stock has 4 warning signs investors should review. Among 2,432 Hardware companies, AgEagle Aerial Systems ranks worse than 81.21% 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

AgEagle Aerial Systems 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 AgEagle Aerial Systems's Piotroski F-Score or its related term are showing as below:

FRA:29Z0' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 6
Current: 3

During the past 13 years, the highest Piotroski F-Score of AgEagle Aerial Systems was 6. The lowest was 2. And the median was 4.

AgEagle Aerial Systems  (FRA:29Z0) 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.


AgEagle Aerial Systems Piotroski F-Score Related Terms


AgEagle Aerial Systems Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for AgEagle Aerial Systems'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.

AgEagle Aerial Systems Piotroski F-Score Chart

AgEagle Aerial Systems 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 2.00 3.00 2.00 4.00 5.00

AgEagle Aerial Systems 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 4.00 4.00 5.00 5.00 3.00

FRA:29Z0 vs MCRP, TACT, KTCC: Piotroski F-Score Comparison

For the Computer Hardware subindustry, AgEagle Aerial Systems'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.


AgEagle Aerial Systems Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, AgEagle Aerial Systems's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where AgEagle Aerial Systems's Piotroski F-Score falls into.


FRA:29Z0
34GF Score
AgEagle Aerial Systems Inc FRA:29Z0
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 -1.11 + -2.228 + -7.211 + 1.228 = €-9.32 Mil.
Cash Flow from Operations was -2.38 + -2.807 + -2.24 + -2.041 = €-9.47 Mil.
Revenue was 3.64 + 1.678 + 2.557 + 1.212 = €9.09 Mil.
Gross Profit was 2.029 + 0.647 + 1.202 + 0.506 = €4.38 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(18.705 + 20.099 + 29.364 + 36.064 + 41.619) / 5 = €29.1702 Mil.
Total Assets at the begining of this year (Mar25) was €18.71 Mil.
Long-Term Debt & Capital Lease Obligation was €2.26 Mil.
Total Current Assets was €37.61 Mil.
Total Current Liabilities was €3.79 Mil.
Net Income was -2.722 + -3.117 + -21.332 + 6.53 = €-20.64 Mil.

Revenue was 3.152 + 2.96 + 2.694 + 3.375 = €12.18 Mil.
Gross Profit was 1.445 + 1.472 + 1.093 + 1.974 = €5.98 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(21.363 + 21.21 + 19.856 + 19.656 + 18.705) / 5 = €20.158 Mil.
Total Assets at the begining of last year (Mar24) was €21.36 Mil.
Long-Term Debt & Capital Lease Obligation was €1.58 Mil.
Total Current Assets was €10.16 Mil.
Total Current Liabilities was €5.18 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.

AgEagle Aerial Systems's current Net Income (TTM) was -9.32. ==> 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.

AgEagle Aerial Systems's current Cash Flow from Operations (TTM) was -9.47. ==> 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)
=-9.321/18.705
=-0.49831596

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-20.641/21.363
=-0.96620325

AgEagle Aerial Systems's return on assets of this year was -0.49831596. AgEagle Aerial Systems's return on assets of last year was -0.96620325. ==> 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.

AgEagle Aerial Systems's current Net Income (TTM) was -9.32. AgEagle Aerial Systems's current Cash Flow from Operations (TTM) was -9.47. ==> -9.47 <= -9.32 ==> 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
=2.259/29.1702
=0.07744205

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1.582/20.158
=0.07848001

AgEagle Aerial Systems's gearing of this year was 0.07744205. AgEagle Aerial Systems's gearing of last year was 0.07848001. ==> 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
=37.611/3.786
=9.93423138

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=10.156/5.177
=1.96175391

AgEagle Aerial Systems's current ratio of this year was 9.93423138. AgEagle Aerial Systems's current ratio of last year was 1.96175391. ==> 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.

AgEagle Aerial Systems's number of shares in issue this year was 57.24. AgEagle Aerial Systems's number of shares in issue last year was 20.194. ==> 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
=4.384/9.087
=0.48244745

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5.984/12.181
=0.49125688

AgEagle Aerial Systems's gross margin of this year was 0.48244745. AgEagle Aerial Systems's gross margin of last year was 0.49125688. ==> 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)
=9.087/18.705
=0.48580593

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=12.181/21.363
=0.57019145

AgEagle Aerial Systems's asset turnover of this year was 0.48580593. AgEagle Aerial Systems's asset turnover of last year was 0.57019145. ==> 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+1+0+1+1+0+0+0
=3

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

AgEagle Aerial Systems 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?
AgEagle Aerial Systems (FRA:29Z0) has a Piotroski F-Score of 3 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on AgEagle Aerial Systems and its competitors. This is 25% below median its historical median of 4.00. Over the past decade, AgEagle Aerial Systems' Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, AgEagle Aerial Systems ranks #1975 out of 2432 companies in the Hardware industry, placing it in the top 81.2%.
Is AgEagle Aerial Systems' Piotroski F-Score too high?
AgEagle Aerial Systems' 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 2.00 to a high of 6.00. The Hardware industry median Piotroski F-Score is 5.00. AgEagle Aerial Systems' value of 3 is 40% below this industry median. Based on the distribution chart, AgEagle Aerial Systems ranks #1975 out of 2432 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, AgEagle Aerial Systems has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does AgEagle Aerial Systems' Piotroski F-Score compare to MCRP and TACT?
According to the Hardware industry distribution chart, AgEagle Aerial Systems ranks #1975 out of 2432 companies for Piotroski F-Score. This places AgEagle Aerial Systems in the lower half of its industry. The industry median Piotroski F-Score is 5.00. AgEagle Aerial Systems' value of 3 is 40% below this benchmark. Historically, AgEagle Aerial Systems' own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, AgEagle Aerial Systems 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. AgEagle Aerial Systems'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 AgEagle Aerial Systems 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. AgEagle Aerial Systems'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 AgEagle Aerial Systems stock overvalued right now?
AgEagle Aerial Systems (FRA:29Z0) has a current Piotroski F-Score of 3. The stock's GF Value™ is €0.42, compared to a current price of €3.28 — trading 679.8% above its estimated fair value. The current Piotroski F-Score is 3, which is 25% below median its 10-year median of 4.00 and 40% below the Hardware industry median of 5.00. AgEagle Aerial Systems' overall GF Score™ is 34/100 with 4 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 AgEagle Aerial Systems (FRA:29Z0), the current Piotroski F-Score is 3 as of Jun. 30, 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 AgEagle Aerial Systems (FRA:29Z0) Overvalued in 2026?

Based on GuruFocus' analysis, AgEagle Aerial Systems stock appears to be overvalued. The current stock price of €3.28 is trading 679.8% above its estimated GF Value™ of €0.42.

Key valuation signals for FRA:29Z0:

  • Piotroski F-Score: 3 (25% below median its 10-year median of 4.00)
  • GF Value™: €0.42 vs. price of €3.28 (679.8% above fair value)
  • GF Score™: 34/100 with 4 warning signs
  • Industry Position: 40% below the Hardware median (#1975 of 2432)

No single metric tells the full story. See the FRA:29Z0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AgEagle Aerial Systems Business Description

Other Exchanges UAVS:USA0A4B:UK
Address 8201 East 34th Street North, Suite 1307, Wichita, KS, USA, 67226
AgEagle Aerial Systems Inc is actively engaged in designing and delivering drones, sensors, and software that solve important problems for its customers. It designs, produces, distributes, and supports technologically advance small unmanned aerial systems (UAVs) that it offers for sale commercially to the precision agriculture industry. Its segments include Drones, Sensors, and Software-as-a-Service (SaaS). The company's majority revenue is derived mainly through sensors.
34GF Score

Get the complete analysis for FRA:29Z0

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

€3.28
Price
€0.42
GF Value