Maxeon Solar Technologies (FRA:5QJ1) Piotroski F-Score: 1 (As of Jun. 29, 2026) — 67% Below Median


FRA:5QJ1 Maxeon Solar Technologies Ltd FRA:5QJ1
32 GF Score
Price €0.25
GF Value €3.27
Valuation Possible Value Trap
! 9 Warning Signs
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What is Maxeon Solar Technologies Piotroski F-Score?

Maxeon Solar Technologies FRA:5QJ1 +1.21% 32 Piotroski F-Score is 1 as of Jun. 29, 2026, which is 67% below its 10-year median of 3.00. GuruFocus rates FRA:5QJ1 with a GF Score™ of 32/100 and a GF Value™ of €3.27 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 989 Semiconductors companies, Maxeon Solar Technologies ranks worse than 98.08% on this metric.

Warning Sign:

Piotroski F-Score of 1 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

Maxeon Solar Technologies has an F-score of 1. It is a bad or low score, which usually implies poor business operation.

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

FRA:5QJ1' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 5
Current: 1

During the past 7 years, the highest Piotroski F-Score of Maxeon Solar Technologies was 5. The lowest was 1. And the median was 3.

Maxeon Solar Technologies  (FRA:5QJ1) 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.


Maxeon Solar Technologies Piotroski F-Score Related Terms


Maxeon Solar Technologies Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Maxeon Solar 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.

Maxeon Solar Technologies Piotroski F-Score Chart

Maxeon Solar Technologies Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial 3.00 1.00 5.00 4.00 1.00

Maxeon Solar Technologies Semi-Annual Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25
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 5.00 4.00 0.00 1.00 1.00

FRA:5QJ1 vs APWL, GSLR, SUNE: Piotroski F-Score Comparison

For the Solar subindustry, Maxeon Solar 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.


Maxeon Solar Technologies Piotroski F-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Maxeon Solar Technologies's Piotroski F-Score distribution charts can be found below:

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


FRA:5QJ1
32GF Score
Maxeon Solar Technologies Ltd FRA:5QJ1
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was €-586.7 Mil.
Cash Flow from Operations was €-258.0 Mil.
Revenue was €486.1 Mil.
Gross Profit was €-238.2 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was (918.842 + 359.34) / 2 = €639.091 Mil.
Total Assets at the begining of this year (Dec23) was €918.8 Mil.
Long-Term Debt & Capital Lease Obligation was €288.3 Mil.
Total Current Assets was €254.0 Mil.
Total Current Liabilities was €323.3 Mil.
Net Income was €-252.9 Mil.

Revenue was €1,029.9 Mil.
Gross Profit was €71.6 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was (1189.835 + 918.842) / 2 = €1054.3385 Mil.
Total Assets at the begining of last year (Dec22) was €1,189.8 Mil.
Long-Term Debt & Capital Lease Obligation was €372.6 Mil.
Total Current Assets was €567.6 Mil.
Total Current Liabilities was €396.1 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.

Maxeon Solar Technologies's current Net Income (TTM) was -586.7. ==> 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.

Maxeon Solar Technologies's current Cash Flow from Operations (TTM) was -258.0. ==> 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 (Dec23)
=-586.657/918.842
=-0.6384743

ROA (Last Year)=Net Income/Total Assets (Dec22)
=-252.935/1189.835
=-0.2125799

Maxeon Solar Technologies's return on assets of this year was -0.6384743. Maxeon Solar Technologies's return on assets of last year was -0.2125799. ==> 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.

Maxeon Solar Technologies's current Net Income (TTM) was -586.7. Maxeon Solar Technologies's current Cash Flow from Operations (TTM) was -258.0. ==> -258.0 > -586.7 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=288.345/639.091
=0.45117988

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=372.643/1054.3385
=0.35343772

Maxeon Solar Technologies's gearing of this year was 0.45117988. Maxeon Solar Technologies's gearing of last year was 0.35343772. ==> Last year is lower than this year ==> Score 0.

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: Dec24)=Total Current Assets/Total Current Liabilities
=254.045/323.275
=0.78584796

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=567.64/396.085
=1.43312673

Maxeon Solar Technologies's current ratio of this year was 0.78584796. Maxeon Solar Technologies's current ratio of last year was 1.43312673. ==> 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.

Maxeon Solar Technologies's number of shares in issue this year was 6.399. Maxeon Solar Technologies's number of shares in issue last year was 0.464. ==> 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
=-238.189/486.141
=-0.48995867

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=71.631/1029.892
=0.06955195

Maxeon Solar Technologies's gross margin of this year was -0.48995867. Maxeon Solar Technologies's gross margin of last year was 0.06955195. ==> 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 (Dec23)
=486.141/918.842
=0.52908008

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=1029.892/1189.835
=0.86557548

Maxeon Solar Technologies's asset turnover of this year was 0.52908008. Maxeon Solar Technologies's asset turnover of last year was 0.86557548. ==> 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+0+0+0+0+0
=1

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

Maxeon Solar Technologies has an F-score of 1. 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 1 mean?
Maxeon Solar Technologies (FRA:5QJ1) has a Piotroski F-Score of 1 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Maxeon Solar Technologies and its competitors. This is 67% below median its historical median of 3.00. Over the past decade, Maxeon Solar Technologies' Piotroski F-Score has ranged from 1.00 to 5.00. According to the industry distribution chart, Maxeon Solar Technologies ranks #970 out of 989 companies in the Semiconductors industry, placing it in the top 98.1%.
Is Maxeon Solar Technologies' Piotroski F-Score too high?
Maxeon Solar Technologies' current Piotroski F-Score of 1 is 67% below 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 Semiconductors industry median Piotroski F-Score is 5.00. Maxeon Solar Technologies' value of 1 is 80% below this industry median. Based on the distribution chart, Maxeon Solar Technologies ranks #970 out of 989 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Maxeon Solar Technologies has a GF Score™ of 32/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Maxeon Solar Technologies' Piotroski F-Score compare to APWL and GSLR?
According to the Semiconductors industry distribution chart, Maxeon Solar Technologies ranks #970 out of 989 companies for Piotroski F-Score. This places Maxeon Solar Technologies in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Maxeon Solar Technologies' value of 1 is 80% below this benchmark. Historically, Maxeon Solar Technologies' 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, Maxeon Solar 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 Semiconductors company?
The median Piotroski F-Score among Semiconductors companies is 5.00, based on 989 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. Maxeon Solar Technologies's current Piotroski F-Score of 1 is 80% 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 Maxeon Solar Technologies and its competitors. For the Semiconductors 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. Maxeon Solar Technologies's current Piotroski F-Score is 1, which is 67% below 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 Maxeon Solar Technologies stock overvalued right now?
Based on GuruFocus' analysis, Maxeon Solar Technologies (FRA:5QJ1) is currently considered Possible Value Trap. The stock's GF Value™ is €3.27, compared to a current price of €0.25 — trading 92.4% below its estimated fair value. The current Piotroski F-Score is 1, which is 67% below median its 10-year median of 3.00 and 80% below the Semiconductors industry median of 5.00. Maxeon Solar Technologies' overall GF Score™ is 32/100 with 9 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 Maxeon Solar Technologies (FRA:5QJ1), the current Piotroski F-Score is 1 as of Jun. 29, 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 Maxeon Solar Technologies (FRA:5QJ1) Overvalued in 2026?

Based on GuruFocus' analysis, Maxeon Solar Technologies stock appears to be undervalued. The current stock price of €0.25 is trading 92.4% below its estimated GF Value™ of €3.27. GuruFocus considers Maxeon Solar Technologies to be Possible Value Trap.

Key valuation signals for FRA:5QJ1:

  • Piotroski F-Score: 1 (67% below median its 10-year median of 3.00)
  • GF Value™: €3.27 vs. price of €0.25 (92.4% below fair value)
  • GF Score™: 32/100 with 9 warning signs
  • Industry Position: 80% below the Semiconductors median (#970 of 989)

No single metric tells the full story. See the FRA:5QJ1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Maxeon Solar Technologies Business Description

Other Exchanges MAXNQ:USA
Address 8 Marina Boulevard, No. 05-02, Marina Bay Financial Centre, Singapore, SGP, 018981
Maxeon Solar Technologies Ltd is engaged in the manufacturing and marketing of premium solar technology. It owns and operates solar cell and panel manufacturing facilities located in Malaysia, Mexico, and the Philippines. The company's primary products are the Maxeon line of interdigitated back contact (IBC) solar cells and panels, and the Performance line (formerly, P-Series) of shingled solar cells and panels. the Maxeon line of solar panels are the highest-efficiency solar panels on the market with an aesthetically pleasing design, and the Performance line of solar panels offers a high-value and cost-effective solution. It is targeted at residential and small-scale commercial customers across the globe. The company derives its revenue from the United States, Italy, and Rest of world.
32GF Score

Get the complete analysis for FRA:5QJ1

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

€0.25
Price
€3.27
GF Value