Nanoco GroupFRA:GXG -4.55% Piotroski F-Score is 4 as of Jun. 27, 2026, which is at its 10-year median of 4.00. Among 990 Semiconductors companies, Nanoco Group ranks worse than 60.3% 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
Nanoco Group 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 Nanoco Group's Piotroski F-Score or its related term are showing as below:
FRA:GXG'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 5
Current: 4
During the past 13 years, the highest Piotroski F-Score of Nanoco Group was 5. The lowest was 2. And the median was 4.
Nanoco Group (FRA:GXG) 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.
Nanoco Group Piotroski F-Score Related Terms
Nanoco Group Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Nanoco Group'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:GXG vs LRCX, AMAT, KLAC: Piotroski F-Score Comparison
For the Semiconductor Equipment & Materials subindustry, Nanoco Group'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.
Nanoco Group Piotroski F-Score vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Nanoco Group's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Nanoco Group'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.
Nanoco Group's current Net Income (TTM) was -2.54.
==> 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.
Nanoco Group's return on assets of this year was -0.06983647. Nanoco Group's return on assets of last year was -0.0251433.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Nanoco Group's gearing of this year was 0.02487897. Nanoco Group's gearing of last year was 0.03199129.
==> 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
Nanoco Group's current ratio of this year was 1.86002522. Nanoco Group's current ratio of last year was 2.71298311.
==> 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.
Nanoco Group's number of shares in issue this year was 210.369. Nanoco Group's number of shares in issue last year was 301.67.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
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.
Nanoco Group's gross margin of this year was 0.91828396. Nanoco Group's gross margin of last year was 0.84619501.
==> 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
Nanoco Group's asset turnover of this year was 0.24216023. Nanoco Group's asset turnover of last year was 0.15797839.
==> 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
+
0
+
0
+
1
+
0
+
1
+
1
+
1
=
4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Nanoco Group has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Nanoco Group (FRA:GXG) has a Piotroski F-Score of 4 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Nanoco Group and its competitors. This is near median its historical median of 4.00. Over the past decade, Nanoco Group's Piotroski F-Score has ranged from 2.00 to 5.00. According to the industry distribution chart, Nanoco Group ranks #597 out of 990 companies in the Semiconductors industry, placing it in the top 60.3%.
Is Nanoco Group's Piotroski F-Score too high?
Nanoco Group's current Piotroski F-Score of 4 is near 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 5.00. The Semiconductors industry median Piotroski F-Score is 5.00. Nanoco Group's value of 4 is 20% below this industry median. Based on the distribution chart, Nanoco Group ranks #597 out of 990 companies in the Semiconductors industry, which is below the industry midpoint.
How does Nanoco Group's Piotroski F-Score compare to LRCX and AMAT?
According to the Semiconductors industry distribution chart, Nanoco Group ranks #597 out of 990 companies for Piotroski F-Score. This places Nanoco Group in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Nanoco Group's value of 4 is 20% below this benchmark. Historically, Nanoco Group's own Piotroski F-Score has ranged from 2.00 to 5.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Nanoco Group 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 990 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. Nanoco Group'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 Nanoco Group 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. Nanoco Group's current Piotroski F-Score is 4, which is near 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 Nanoco Group stock overvalued right now?
Based on GuruFocus' analysis, Nanoco Group (FRA:GXG) is currently considered Significantly Undervalued. The stock's GF Value™ is €0.30, compared to a current price of €0.03 — trading 89.5% below its estimated fair value. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Semiconductors 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 Nanoco Group (FRA:GXG), the current Piotroski F-Score is 4 as of Jun. 27, 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.
Nanoco Group PLC is a UK-based company which is engaged in research, development, and manufacturing of heavy-metal-free quantum dots and semiconductor nanoparticles. Its products include CFQD quantum dots, Heatwave quantum dots, and nanoparticles which offer the potential for display, lighting, solar and biological imaging applications. The company's revenue comes from joint development agreements, individual project development programs and the sale of quantum dot products. Geographically, the company generates majority of its revenue from its business in South Korea and also has its presence in Taiwan, France, United States, United Kingdom, Japan and other countries.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:GXG has been successfully added to your 