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FTC SolarFRA:6YK0 +2.73%57 Piotroski F-Score is 4 as of Aug. 21, 2026, which is 33% above its 10-year median of 3.00. GuruFocus rates FRA:6YK0 with a GF Score™ of 57/100 and a GF Value™ of €4.83 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 982 Semiconductors companies, FTC Solar ranks worse than 63.75% 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
FTC Solar has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for FTC Solar's Piotroski F-Score or its related term are showing as below:
FRA:6YK0'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 3 Max: 5
Current: 4
During the past 7 years, the highest Piotroski F-Score of FTC Solar was 5. The lowest was 1. And the median was 3.
FTC Solar (FRA:6YK0) 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.
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.
FTC Solar Piotroski F-Score Related Terms
FTC Solar Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for FTC Solar'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.
FRA:6YK0 vs SPRU, ASTI, BEEM: Piotroski F-Score Comparison
For the Solar subindustry, FTC Solar'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.
FTC Solar Piotroski F-Score vs Semiconductors Industry
For the Semiconductors industry and Technology sector, FTC Solar's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where FTC Solar's Piotroski F-Score falls into.
* 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.
*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.
FTC Solar's current Net Income (TTM) was -46.82.
==> 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.
FTC Solar's return on assets of this year was -0.6509552. FTC Solar's return on assets of last year was -0.45516761.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
FTC Solar's gearing of this year was 0.01103702. FTC Solar's gearing of last year was 0.11939747.
==> 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
FTC Solar's current ratio of this year was 0.91325596. FTC Solar's current ratio of last year was 1.15937149.
==> 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.
FTC Solar's number of shares in issue this year was 16.049. FTC Solar's number of shares in issue last year was 13.099.
==> 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.
FTC Solar's gross margin of this year was 0.02885786. FTC Solar's gross margin of last year was -0.24229226.
==> This year's gross margin is higher. ==> Score 1.
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
FTC Solar's asset turnover of this year was 1.22186535. FTC Solar's asset turnover of last year was 0.62556181.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
FTC Solar has an F-score of 4 indicating the company's financial situation is typical for a stable company.
FTC Solar (FRA:6YK0) has a Piotroski F-Score of 4 as of Aug. 21, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on FTC Solar and its competitors. This is 33% above median its historical median of 3.00. Over the past decade, FTC Solar's Piotroski F-Score has ranged from 1.00 to 5.00. According to the industry distribution chart, FTC Solar ranks #626 out of 982 companies in the Semiconductors industry, placing it in the top 63.7%.
Is FTC Solar's Piotroski F-Score too high?
FTC Solar'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 Semiconductors industry median Piotroski F-Score is 5.00. FTC Solar's value of 4 is 20% below this industry median. Based on the distribution chart, FTC Solar ranks #626 out of 982 companies in the Semiconductors industry, which is below the industry midpoint. Overall, FTC Solar has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does FTC Solar's Piotroski F-Score compare to SPRU and ASTI?
According to the Semiconductors industry distribution chart, FTC Solar ranks #626 out of 982 companies for Piotroski F-Score. This places FTC Solar in the lower half of its industry. The industry median Piotroski F-Score is 5.00. FTC Solar's value of 4 is 20% below this benchmark. Historically, FTC Solar'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, FTC Solar 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 982 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. FTC Solar'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 FTC Solar 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. FTC Solar'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 FTC Solar stock overvalued right now?
Based on GuruFocus' analysis, FTC Solar (FRA:6YK0) is currently considered Possible Value Trap. The stock's GF Value™ is €4.83, compared to a current price of €1.88 — trading 61.1% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% above median its 10-year median of 3.00 and 20% below the Semiconductors industry median of 5.00. FTC Solar's overall GF Score™ is 57/100 with 5 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 FTC Solar (FRA:6YK0), the current Piotroski F-Score is 4 as of Aug. 21, 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 FTC Solar (FRA:6YK0) Overvalued in 2026?
Based on GuruFocus' analysis, FTC Solar stock appears to be undervalued.
The current stock price of €1.88 is trading 61.1% below its estimated GF Value™ of €4.83.
GuruFocus considers FTC Solar to be Possible Value Trap.
Key valuation signals for FRA:6YK0:
Piotroski F-Score: 4 (33% above median its 10-year median of 3.00)
GF Value™: €4.83 vs. price of €1.88 (61.1% below fair value)
Industry Position: 20% below the Semiconductors median (#626 of 982)
No single metric tells the full story. See the FRA:6YK0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FTC Solar Inc is a provider of solar tracker systems, supported by proprietary software and value-added engineering services. The company's Solar tracker systems move solar panels throughout the day to maintain an optimal orientation relative to the sun, thereby increasing the amount of solar energy produced at a solar installation. It focuses on providing differentiated products, software, and services that maximize energy generation. The company has launched a new mounting solution to support the installation and use of U.S.-manufactured thin-film modules by project owners. The only segment the company is engaged in is the Manufacturing and Servicing of Solar tracker systems.
57GF Score
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