Aether Catalyst Solutions (FRA:2QZ) Piotroski F-Score: 3 (As of Jul. 01, 2026) — 50% Above Median


What is Aether Catalyst Solutions Piotroski F-Score?

Aether Catalyst Solutions FRA:2QZ Piotroski F-Score is 3 as of Jul. 01, 2026, which is 50% above its 10-year median of 2.00. The stock has 4 warning signs investors should review. Among 1,287 Vehicles & Parts companies, Aether Catalyst Solutions ranks worse than 86.64% 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

Aether Catalyst Solutions 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 Aether Catalyst Solutions's Piotroski F-Score or its related term are showing as below:

FRA:2QZ' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 2   Max: 3
Current: 3

During the past 9 years, the highest Piotroski F-Score of Aether Catalyst Solutions was 3. The lowest was 1. And the median was 2.

Aether Catalyst Solutions  (FRA:2QZ) 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.


Aether Catalyst Solutions Piotroski F-Score Related Terms


Aether Catalyst Solutions Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Aether Catalyst Solutions'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.

Aether Catalyst Solutions Piotroski F-Score Chart

Aether Catalyst Solutions Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 3.00 2.00 1.00 1.00 3.00

Aether Catalyst Solutions Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 3.00 2.00 4.00 3.00

FRA:2QZ vs ORLY, AZO, GPC: Piotroski F-Score Comparison

For the Auto Parts subindustry, Aether Catalyst Solutions'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.


Aether Catalyst Solutions Piotroski F-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Aether Catalyst Solutions's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Aether Catalyst Solutions'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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was -0.066 + -0.23 + -0.255 + 0.066 = €-0.49 Mil.
Cash Flow from Operations was -0.033 + -0.488 + -0.097 + -0.076 = €-0.69 Mil.
Revenue was 0 + 0 + 0 + 0 = €0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = €0.00 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(0.134 + 0.117 + 0.42 + 0.173 + 0.27) / 5 = €0.2228 Mil.
Total Assets at the begining of this year (Dec24) was €0.13 Mil.
Long-Term Debt & Capital Lease Obligation was €0.06 Mil.
Total Current Assets was €0.20 Mil.
Total Current Liabilities was €0.34 Mil.
Net Income was -0.086 + -0.078 + -0.094 + -0.121 = €-0.38 Mil.

Revenue was 0 + 0 + 0 + 0 = €0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = €0.00 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was
(0.066 + 0.201 + 0.207 + 0.193 + 0.134) / 5 = €0.1602 Mil.
Total Assets at the begining of last year (Dec23) was €0.07 Mil.
Long-Term Debt & Capital Lease Obligation was €0.12 Mil.
Total Current Assets was €0.04 Mil.
Total Current Liabilities was €0.41 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.

Aether Catalyst Solutions's current Net Income (TTM) was -0.49. ==> 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.

Aether Catalyst Solutions's current Cash Flow from Operations (TTM) was -0.69. ==> 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 (Dec24)
=-0.485/0.134
=-3.61940299

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-0.379/0.066
=-5.74242424

Aether Catalyst Solutions's return on assets of this year was -3.61940299. Aether Catalyst Solutions's return on assets of last year was -5.74242424. ==> 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.

Aether Catalyst Solutions's current Net Income (TTM) was -0.49. Aether Catalyst Solutions's current Cash Flow from Operations (TTM) was -0.69. ==> -0.69 <= -0.49 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=0.056/0.2228
=0.2513465

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0.122/0.1602
=0.76154806

Aether Catalyst Solutions's gearing of this year was 0.2513465. Aether Catalyst Solutions's gearing of last year was 0.76154806. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=0.195/0.339
=0.57522124

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=0.042/0.412
=0.10194175

Aether Catalyst Solutions's current ratio of this year was 0.57522124. Aether Catalyst Solutions's current ratio of last year was 0.10194175. ==> 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.

Aether Catalyst Solutions's number of shares in issue this year was 75.505. Aether Catalyst Solutions's number of shares in issue last year was 57.407. ==> 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
=0/0
=

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0/0
=

Aether Catalyst Solutions's gross margin of this year was . Aether Catalyst Solutions's gross margin of last year was . ==> 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 (Dec24)
=0/0.134
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=0/0.066
=0

Aether Catalyst Solutions's asset turnover of this year was 0. Aether Catalyst Solutions's asset turnover of last year was 0. ==> 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

Aether Catalyst Solutions 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?
Aether Catalyst Solutions (FRA:2QZ) has a Piotroski F-Score of 3 as of Jul. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Aether Catalyst Solutions and its competitors. This is 50% above median its historical median of 2.00. Over the past decade, Aether Catalyst Solutions' Piotroski F-Score has ranged from 1.00 to 3.00. According to the industry distribution chart, Aether Catalyst Solutions ranks #1115 out of 1287 companies in the Vehicles & Parts industry, placing it in the top 86.6%.
Is Aether Catalyst Solutions' Piotroski F-Score too high?
Aether Catalyst Solutions' current Piotroski F-Score of 3 is 50% above median its 10-year median of 2.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 3.00. The Vehicles & Parts industry median Piotroski F-Score is 5.00. Aether Catalyst Solutions' value of 3 is 40% below this industry median. Based on the distribution chart, Aether Catalyst Solutions ranks #1115 out of 1287 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers.
How does Aether Catalyst Solutions' Piotroski F-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Aether Catalyst Solutions ranks #1115 out of 1287 companies for Piotroski F-Score. This places Aether Catalyst Solutions in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Aether Catalyst Solutions' value of 3 is 40% below this benchmark. Historically, Aether Catalyst Solutions' own Piotroski F-Score has ranged from 1.00 to 3.00 over the past decade. While the company's 10-year median is 2.00 vs. the industry median of 5.00, Aether Catalyst Solutions 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 Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 5.00, based on 1,287 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. Aether Catalyst Solutions'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 Aether Catalyst Solutions and its competitors. For the Vehicles & Parts 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. Aether Catalyst Solutions's current Piotroski F-Score is 3, which is 50% above median its own 10-year median of 2.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aether Catalyst Solutions stock overvalued right now?
Aether Catalyst Solutions (FRA:2QZ) has a current Piotroski F-Score of 3. The current Piotroski F-Score is 3, which is 50% above median its 10-year median of 2.00 and 40% below the Vehicles & Parts 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 Aether Catalyst Solutions (FRA:2QZ), the current Piotroski F-Score is 3 as of Jul. 01, 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.

Aether Catalyst Solutions Business Description

Other Exchanges ATHHF:USAATHR:Canada
Address 8337 Eastlake Drive, Unit 104, Burnaby, BC, CAN, V5A 4W2
Aether Catalyst Solutions Inc is focused on providing an order of magnitude cost reduction in automotive catalytic converter catalyst while meeting, or exceeding, government emission standards. The Company is working to quickly advance its technology through rapid screening of new materials directed at enhancing end-of-life conversion levels after accelerated aging. Its primary focus is automotive, other potential applications for this low-cost technology are also being explored. A catalytic converter is a vehicle emissions control device which converts toxic by-products of combustion to less toxic substances by way of catalysed chemical reactions.