GP (GreenPower Motor Co) Piotroski F-Score: 4 (As of Jun. 27, 2026) — 33% Above Median


GP GreenPower Motor Co Inc GP
40 GF Score
Price $1.27
GF Value $5.00
Valuation Possible Value Trap
! 11 Warning Signs
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What is GreenPower Motor Co Piotroski F-Score?

GreenPower Motor Co GP +1.60% 40 Piotroski F-Score is 4 as of Jun. 27, 2026, which is 33% above its 10-year median of 3.00. GuruFocus rates GP with a GF Score™ of 40/100 and a GF Value™ of $5.00 (Possible Value Trap). The stock has 11 warning signs investors should review. Among 207 Farm & Heavy Construction Machinery companies, GreenPower Motor Co ranks worse than 68.12% 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

GreenPower Motor Co 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 GreenPower Motor Co's Piotroski F-Score or its related term are showing as below:

GP' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 6
Current: 4

During the past 13 years, the highest Piotroski F-Score of GreenPower Motor Co was 6. The lowest was 1. And the median was 3.

GreenPower Motor Co  (NAS:GP) 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.


GreenPower Motor Co Piotroski F-Score Related Terms


GreenPower Motor Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for GreenPower Motor Co'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.

GreenPower Motor Co Piotroski F-Score Chart

GreenPower Motor Co Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 2.00 3.00 2.00 1.00

GreenPower Motor Co 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 1.00 2.00 3.00 4.00

GP vs HYFM, UGRO, CLEV: Piotroski F-Score Comparison

For the Farm & Heavy Construction Machinery subindustry, GreenPower Motor Co'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.


GreenPower Motor Co Piotroski F-Score vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, GreenPower Motor Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where GreenPower Motor Co's Piotroski F-Score falls into.


GP
40GF Score
GreenPower Motor Co Inc GP
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 -3.834 + -4.164 + -3.593 + 4.214 = $-7.38 Mil.
Cash Flow from Operations was -0.381 + -1.407 + 0.171 + -1.212 = $-2.83 Mil.
Revenue was 4.284 + 1.549 + 2.49 + 8.495 = $16.82 Mil.
Gross Profit was 0.461 + 0.362 + 0.274 + 7.319 = $8.42 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(37.367 + 35.072 + 33.334 + 32.01 + 30.764) / 5 = $33.7094 Mil.
Total Assets at the begining of this year (Dec24) was $37.37 Mil.
Long-Term Debt & Capital Lease Obligation was $13.22 Mil.
Total Current Assets was $24.69 Mil.
Total Current Liabilities was $18.92 Mil.
Net Income was -6.632 + -5.389 + -4.702 + -4.739 = $-21.46 Mil.

Revenue was 5.093 + 2.997 + 5.347 + 7.219 = $20.66 Mil.
Gross Profit was -0.018 + 0.222 + 0.46 + 1.054 = $1.72 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was
(50.164 + 45.203 + 43.465 + 39.374 + 37.367) / 5 = $43.1146 Mil.
Total Assets at the begining of last year (Dec23) was $50.16 Mil.
Long-Term Debt & Capital Lease Obligation was $6.40 Mil.
Total Current Assets was $31.64 Mil.
Total Current Liabilities was $18.80 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.

GreenPower Motor Co's current Net Income (TTM) was -7.38. ==> 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.

GreenPower Motor Co's current Cash Flow from Operations (TTM) was -2.83. ==> 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)
=-7.377/37.367
=-0.19742018

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-21.462/50.164
=-0.4278367

GreenPower Motor Co's return on assets of this year was -0.19742018. GreenPower Motor Co's return on assets of last year was -0.4278367. ==> 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.

GreenPower Motor Co's current Net Income (TTM) was -7.38. GreenPower Motor Co's current Cash Flow from Operations (TTM) was -2.83. ==> -2.83 > -7.38 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=13.218/33.7094
=0.39211615

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=6.396/43.1146
=0.14834882

GreenPower Motor Co's gearing of this year was 0.39211615. GreenPower Motor Co's gearing of last year was 0.14834882. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=24.685/18.923
=1.30449717

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=31.636/18.8
=1.68276596

GreenPower Motor Co's current ratio of this year was 1.30449717. GreenPower Motor Co's current ratio of last year was 1.68276596. ==> 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.

GreenPower Motor Co's number of shares in issue this year was 3.192. GreenPower Motor Co's number of shares in issue last year was 2.851. ==> 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
=8.416/16.818
=0.50041622

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1.718/20.656
=0.08317196

GreenPower Motor Co's gross margin of this year was 0.50041622. GreenPower Motor Co's gross margin of last year was 0.08317196. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec24)
=16.818/37.367
=0.45007627

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=20.656/50.164
=0.4117694

GreenPower Motor Co's asset turnover of this year was 0.45007627. GreenPower Motor Co's asset turnover of last year was 0.4117694. ==> 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+0+0+0+1+1
=4

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

GreenPower Motor Co 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?
GreenPower Motor Co (GP) 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 GreenPower Motor Co and its competitors. This is 33% above median its historical median of 3.00. Over the past decade, GreenPower Motor Co's Piotroski F-Score has ranged from 1.00 to 6.00. According to the industry distribution chart, GreenPower Motor Co ranks #141 out of 207 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 68.1%.
Is GreenPower Motor Co's Piotroski F-Score too high?
GreenPower Motor Co'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 6.00. The Farm & Heavy Construction Machinery industry median Piotroski F-Score is 5.00. GreenPower Motor Co's value of 4 is 20% below this industry median. Based on the distribution chart, GreenPower Motor Co ranks #141 out of 207 companies in the Farm & Heavy Construction Machinery industry, which is below the industry midpoint. Overall, GreenPower Motor Co has a GF Score™ of 40/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does GreenPower Motor Co's Piotroski F-Score compare to HYFM and UGRO?
According to the Farm & Heavy Construction Machinery industry distribution chart, GreenPower Motor Co ranks #141 out of 207 companies for Piotroski F-Score. This places GreenPower Motor Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. GreenPower Motor Co's value of 4 is 20% below this benchmark. Historically, GreenPower Motor Co's own Piotroski F-Score has ranged from 1.00 to 6.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, GreenPower Motor Co 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 Farm & Heavy Construction Machinery company?
The median Piotroski F-Score among Farm & Heavy Construction Machinery companies is 5.00, based on 207 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. GreenPower Motor Co'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 GreenPower Motor Co and its competitors. For the Farm & Heavy Construction Machinery 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. GreenPower Motor Co'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 GreenPower Motor Co stock overvalued right now?
Based on GuruFocus' analysis, GreenPower Motor Co (GP) is currently considered Possible Value Trap. The stock's GF Value™ is $5.00, compared to a current price of $1.27 — trading 74.7% 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 Farm & Heavy Construction Machinery industry median of 5.00. GreenPower Motor Co's overall GF Score™ is 40/100 with 11 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 GreenPower Motor Co (GP), 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.

Is GreenPower Motor Co (GP) Overvalued in 2026?

Based on GuruFocus' analysis, GreenPower Motor Co stock appears to be undervalued. The current stock price of $1.27 is trading 74.7% below its estimated GF Value™ of $5.00. GuruFocus considers GreenPower Motor Co to be Possible Value Trap.

Key valuation signals for GP:

  • Piotroski F-Score: 4 (33% above median its 10-year median of 3.00)
  • GF Value™: $5.00 vs. price of $1.27 (74.7% below fair value)
  • GF Score™: 40/100 with 11 warning signs
  • Industry Position: 20% below the Farm & Heavy Construction Machinery median (#141 of 207)

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


GreenPower Motor Co Business Description

Other Exchanges GRT:Germany
Address 209 Carrall Street, Suite 240, Vancouver, BC, CAN, V6B 2J2
GreenPower Motor Co Inc is the manufacturer and distributor of all-electric charter, school, and city buses. The company offers electric-powered transit buses deploying electric drive and battery technologies with a lightweight chassis and low-floor body. Its product line includes all-electric transit buses, all-electric school buses, and shuttle buses. The company's buses depend on clean sheet design and utilize a custom battery management system and a proprietary flex power system for the drive motors. Geographically, the company generates a majority of its revenue from the United States of America and the rest from Canada.
40GF Score

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

$1.27
Price
$5.00
GF Value