Hydrograph Clean PowerHGRAF -5.09%28 Piotroski F-Score is 4 as of Jul. 05, 2026, which is at its 10-year median of 4.00. GuruFocus rates HGRAF with a GF Score™ of 28/100. The stock has 1 warning sign investors should review. Among 1,562 Chemicals companies, Hydrograph Clean Power ranks worse than 65.04% 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
Hydrograph Clean Power 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 Hydrograph Clean Power's Piotroski F-Score or its related term are showing as below:
HGRAF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 5
Current: 4
During the past 6 years, the highest Piotroski F-Score of Hydrograph Clean Power was 5. The lowest was 2. And the median was 4.
Hydrograph Clean Power (OTCPK:HGRAF) 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.
Hydrograph Clean Power Piotroski F-Score Related Terms
Hydrograph Clean Power Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Hydrograph Clean Power'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.
HGRAF vs LIN, SHW, ECL: Piotroski F-Score Comparison
For the Specialty Chemicals subindustry, Hydrograph Clean Power'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.
Hydrograph Clean Power Piotroski F-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Hydrograph Clean Power's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Hydrograph Clean Power'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.
Hydrograph Clean Power's current Net Income (TTM) was -12.95.
==> 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.
Hydrograph Clean Power's current Cash Flow from Operations (TTM) was -7.61.
==> 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.
Hydrograph Clean Power's return on assets of this year was -1.93615431. Hydrograph Clean Power's return on assets of last year was -0.94872273.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Hydrograph Clean Power's gearing of this year was 0.05513808. Hydrograph Clean Power's gearing of last year was 0.01669051.
==> 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
Hydrograph Clean Power's current ratio of this year was 31.49602314. Hydrograph Clean Power's current ratio of last year was 7.14551084.
==> This year's current ratio is higher. ==> Score 1.
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.
Hydrograph Clean Power's number of shares in issue this year was 342.756. Hydrograph Clean Power's number of shares in issue last year was 256.966.
==> 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.
Hydrograph Clean Power's gross margin of this year was -0.48351648. Hydrograph Clean Power's gross margin of last year was -1.60869565.
==> 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
Hydrograph Clean Power's asset turnover of this year was 0.01360646. Hydrograph Clean Power's asset turnover of last year was 0.00428864.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Hydrograph Clean Power has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Hydrograph Clean Power (HGRAF) has a Piotroski F-Score of 4 as of Jul. 05, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Hydrograph Clean Power and its competitors. This is near median its historical median of 4.00. Over the past decade, Hydrograph Clean Power's Piotroski F-Score has ranged from 2.00 to 5.00. According to the industry distribution chart, Hydrograph Clean Power ranks #1016 out of 1562 companies in the Chemicals industry, placing it in the top 65%.
Is Hydrograph Clean Power's Piotroski F-Score too high?
Hydrograph Clean Power'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 Chemicals industry median Piotroski F-Score is 5.00. Hydrograph Clean Power's value of 4 is 20% below this industry median. Based on the distribution chart, Hydrograph Clean Power ranks #1016 out of 1562 companies in the Chemicals industry, which is below the industry midpoint. Overall, Hydrograph Clean Power has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Hydrograph Clean Power's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Hydrograph Clean Power ranks #1016 out of 1562 companies for Piotroski F-Score. This places Hydrograph Clean Power in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Hydrograph Clean Power's value of 4 is 20% below this benchmark. Historically, Hydrograph Clean Power'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, Hydrograph Clean Power 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,562 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. Hydrograph Clean Power'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 Hydrograph Clean Power and its competitors. For the Chemicals 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. Hydrograph Clean Power'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 Hydrograph Clean Power stock overvalued right now?
Hydrograph Clean Power (HGRAF) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Chemicals industry median of 5.00. Hydrograph Clean Power's overall GF Score™ is 28/100 with 1 warning sign 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 Hydrograph Clean Power (HGRAF), the current Piotroski F-Score is 4 as of Jul. 05, 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.
Hydrograph Clean Power Inc is engaged in the acquisition and development of graphene and hydrogen-related products and services. The company's products include Fractal graphene and Reactive Graphene.
28GF Score
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