Glow LifeTech (FRA:9DO) Piotroski F-Score: 4 (As of Jun. 28, 2026) — 33% Above Median


What is Glow LifeTech Piotroski F-Score?

Glow LifeTech FRA:9DO +14.71% Piotroski F-Score is 4 as of Jun. 28, 2026, which is 33% above its 10-year median of 3.00. The stock has 1 warning sign investors should review. Among 1,340 Biotechnology companies, Glow LifeTech ranks better than 74.18% 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

Glow LifeTech 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 Glow LifeTech's Piotroski F-Score or its related term are showing as below:

FRA:9DO' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 3   Max: 6
Current: 4

During the past 7 years, the highest Piotroski F-Score of Glow LifeTech was 6. The lowest was 2. And the median was 3.

Glow LifeTech  (FRA:9DO) 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.


Glow LifeTech Piotroski F-Score Related Terms


Glow LifeTech Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Glow LifeTech'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.

Glow LifeTech Piotroski F-Score Chart

Glow LifeTech Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 3.00 3.00 5.00 4.00 3.00

Glow LifeTech 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 3.00 3.00 3.00 4.00

FRA:9DO vs VRTX, REGN, ALNY: Piotroski F-Score Comparison

For the Biotechnology subindustry, Glow LifeTech'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.


Glow LifeTech Piotroski F-Score vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Glow LifeTech's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Glow LifeTech'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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was -0.234 + -0.065 + 0.001 + -0.037 = €-0.34 Mil.
Cash Flow from Operations was -0.02 + 0.073 + 0.035 + -0.2 = €-0.11 Mil.
Revenue was 0.277 + 0.389 + 0.314 + 0.406 = €1.39 Mil.
Gross Profit was 0.186 + 0.264 + 0.2 + 0.26 = €0.91 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2.334 + 2.339 + 2.277 + 2.425 + 2.703) / 5 = €2.4156 Mil.
Total Assets at the begining of this year (Mar25) was €2.33 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 Mil.
Total Current Assets was €1.86 Mil.
Total Current Liabilities was €0.69 Mil.
Net Income was -0.201 + -0.31 + -1.073 + -0.095 = €-1.68 Mil.

Revenue was 0.1 + 0.143 + 0.223 + 0.308 = €0.77 Mil.
Gross Profit was 0.07 + 0.106 + 0.151 + 0.205 = €0.53 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1.405 + 1.592 + 1.95 + 2.494 + 2.334) / 5 = €1.955 Mil.
Total Assets at the begining of last year (Mar24) was €1.41 Mil.
Long-Term Debt & Capital Lease Obligation was €0.16 Mil.
Total Current Assets was €1.67 Mil.
Total Current Liabilities was €0.58 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.

Glow LifeTech's current Net Income (TTM) was -0.34. ==> 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.

Glow LifeTech's current Cash Flow from Operations (TTM) was -0.11. ==> 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)
=-0.335/2.334
=-0.14353042

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-1.679/1.405
=-1.19501779

Glow LifeTech's return on assets of this year was -0.14353042. Glow LifeTech's return on assets of last year was -1.19501779. ==> 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.

Glow LifeTech's current Net Income (TTM) was -0.34. Glow LifeTech's current Cash Flow from Operations (TTM) was -0.11. ==> -0.11 > -0.34 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=0/2.4156
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0.162/1.955
=0.08286445

Glow LifeTech's gearing of this year was 0. Glow LifeTech's gearing of last year was 0.08286445. ==> 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
=1.857/0.688
=2.69912791

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1.667/0.58
=2.87413793

Glow LifeTech's current ratio of this year was 2.69912791. Glow LifeTech's current ratio of last year was 2.87413793. ==> 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.

Glow LifeTech's number of shares in issue this year was 182.749. Glow LifeTech's number of shares in issue last year was 169.694. ==> 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
=0.91/1.386
=0.65656566

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0.532/0.774
=0.6873385

Glow LifeTech's gross margin of this year was 0.65656566. Glow LifeTech's gross margin of last year was 0.6873385. ==> 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)
=1.386/2.334
=0.59383033

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=0.774/1.405
=0.55088968

Glow LifeTech's asset turnover of this year was 0.59383033. Glow LifeTech's asset turnover of last year was 0.55088968. ==> This year's asset turnover is higher. ==> Score 1.

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+1+1+0+0+0+1
=4

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

Glow LifeTech has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
Glow LifeTech (FRA:9DO) has a Piotroski F-Score of 4 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Glow LifeTech and its competitors. This is 33% above median its historical median of 3.00. Over the past decade, Glow LifeTech's Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Glow LifeTech ranks #346 out of 1340 companies in the Biotechnology industry, placing it in the top 25.8%.
Is Glow LifeTech's Piotroski F-Score too high?
Glow LifeTech'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 2.00 to a high of 6.00. The Biotechnology industry median Piotroski F-Score is 3.00. Glow LifeTech's value of 4 is 33.3% above this industry median. Based on the distribution chart, Glow LifeTech ranks #346 out of 1340 companies in the Biotechnology industry, which is above the industry midpoint.
How does Glow LifeTech's Piotroski F-Score compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Glow LifeTech ranks #346 out of 1340 companies for Piotroski F-Score. This puts Glow LifeTech in the upper half of its industry. The industry median Piotroski F-Score is 3.00. Glow LifeTech's value of 4 is 33.3% above this benchmark. Historically, Glow LifeTech's own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 3.00, Glow LifeTech has consistently been above 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 Biotechnology company?
The median Piotroski F-Score among Biotechnology companies is 3.00, based on 1,340 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. Glow LifeTech's current Piotroski F-Score of 4 is 33.3% above 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 Glow LifeTech and its competitors. For the Biotechnology industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Glow LifeTech'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 Glow LifeTech stock overvalued right now?
Glow LifeTech (FRA:9DO) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is 33% above median its 10-year median of 3.00 and 33.3% above the Biotechnology industry median of 3.00. 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 Glow LifeTech (FRA:9DO), the current Piotroski F-Score is 4 as of Jun. 28, 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.

Glow LifeTech Business Description

Address 65 International Boulevard, Suite 103, Etobicoke, ON, CAN, M9W 6L9
Glow LifeTech Corp is a biotechnology company engaged in the business of secondary processing of ingredients to produce micellized materials from certain vitamins, nutraceuticals, and cannabis extracts. Its plant-based MyCell Technology delivery system transforms poorly absorbed natural compounds into enhanced water-compatible concentrates, unlocking the full healing potential of natural active compounds.