HPSIF (Hybrid Power Solutions) Piotroski F-Score: 1 (As of Jun. 28, 2026) — 67% Below Median


What is Hybrid Power Solutions Piotroski F-Score?

Hybrid Power Solutions HPSIF Piotroski F-Score is 1 as of Jun. 28, 2026, which is 67% below its 10-year median of 3.00. The stock has 7 warning signs investors should review. Among 2,972 Industrial Products companies, Hybrid Power Solutions ranks worse than 98.55% on this metric.

Warning Sign:

Piotroski F-Score of 1 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Hybrid Power Solutions has an F-score of 1. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Hybrid Power Solutions's Piotroski F-Score or its related term are showing as below:

HPSIF' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 5
Current: 1

During the past 5 years, the highest Piotroski F-Score of Hybrid Power Solutions was 5. The lowest was 1. And the median was 3.

Hybrid Power Solutions  (OTCPK:HPSIF) 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.


Hybrid Power Solutions Piotroski F-Score Related Terms


Hybrid Power Solutions Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Hybrid Power Solutions'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.

Hybrid Power Solutions Piotroski F-Score Chart

Hybrid Power Solutions Annual Data
Trend May21 May22 May23 May24 May25
Piotroski F-Score
N/A N/A N/A 3.00 2.00

Hybrid Power Solutions Quarterly Data
May21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 4.00 2.00 2.00 2.00 1.00

HPSIF vs VRT, BE, NVT: Piotroski F-Score Comparison

For the Electrical Equipment & Parts subindustry, Hybrid Power Solutions'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.


Hybrid Power Solutions Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hybrid Power Solutions's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Hybrid Power Solutions'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 (Feb26) TTM:Last Year (Feb25) TTM:
Net Income was -0.366 + -0.455 + -0.62 + -0.558 = $-2.00 Mil.
Cash Flow from Operations was -0.214 + -0.406 + -0.314 + -0.706 = $-1.64 Mil.
Revenue was 0.079 + 0.217 + 0.198 + 0.358 = $0.85 Mil.
Gross Profit was -0.322 + 0.016 + 0.026 + 0.056 = $-0.22 Mil.
Average Total Assets from the begining of this year (Feb25)
to the end of this year (Feb26) was
(1.885 + 1.248 + 1.3 + 1.276 + 1.482) / 5 = $1.4382 Mil.
Total Assets at the begining of this year (Feb25) was $1.89 Mil.
Long-Term Debt & Capital Lease Obligation was $0.54 Mil.
Total Current Assets was $1.18 Mil.
Total Current Liabilities was $2.37 Mil.
Net Income was -1.098 + -0.822 + -0.401 + -0.518 = $-2.84 Mil.

Revenue was 0.495 + 0.761 + 0.739 + 0.434 = $2.43 Mil.
Gross Profit was -0.018 + 0.272 + 0.183 + 0.089 = $0.53 Mil.
Average Total Assets from the begining of last year (Feb24)
to the end of last year (Feb25) was
(3.47 + 2.669 + 2.429 + 2.342 + 1.885) / 5 = $2.559 Mil.
Total Assets at the begining of last year (Feb24) was $3.47 Mil.
Long-Term Debt & Capital Lease Obligation was $0.18 Mil.
Total Current Assets was $1.53 Mil.
Total Current Liabilities was $1.90 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.

Hybrid Power Solutions's current Net Income (TTM) was -2.00. ==> 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.

Hybrid Power Solutions's current Cash Flow from Operations (TTM) was -1.64. ==> 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 (Feb25)
=-1.999/1.885
=-1.06047745

ROA (Last Year)=Net Income/Total Assets (Feb24)
=-2.839/3.47
=-0.81815562

Hybrid Power Solutions's return on assets of this year was -1.06047745. Hybrid Power Solutions's return on assets of last year was -0.81815562. ==> Last year is higher ==> Score 0.

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.

Hybrid Power Solutions's current Net Income (TTM) was -2.00. Hybrid Power Solutions's current Cash Flow from Operations (TTM) was -1.64. ==> -1.64 > -2.00 ==> 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: Feb26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb25 to Feb26
=0.542/1.4382
=0.37685996

Gearing (Last Year: Feb25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb24 to Feb25
=0.181/2.559
=0.07073075

Hybrid Power Solutions's gearing of this year was 0.37685996. Hybrid Power Solutions's gearing of last year was 0.07073075. ==> 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: Feb26)=Total Current Assets/Total Current Liabilities
=1.178/2.373
=0.49641804

Current Ratio (Last Year: Feb25)=Total Current Assets/Total Current Liabilities
=1.525/1.897
=0.8039009

Hybrid Power Solutions's current ratio of this year was 0.49641804. Hybrid Power Solutions's current ratio of last year was 0.8039009. ==> 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.

Hybrid Power Solutions's number of shares in issue this year was 89.503. Hybrid Power Solutions's number of shares in issue last year was 75.74. ==> 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
=-0.224/0.852
=-0.2629108

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0.526/2.429
=0.21655002

Hybrid Power Solutions's gross margin of this year was -0.2629108. Hybrid Power Solutions's gross margin of last year was 0.21655002. ==> 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 (Feb25)
=0.852/1.885
=0.45198939

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Feb24)
=2.429/3.47
=0.7

Hybrid Power Solutions's asset turnover of this year was 0.45198939. Hybrid Power Solutions's asset turnover of last year was 0.7. ==> Last year's asset turnover is higher ==> Score 0.

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

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

Hybrid Power Solutions has an F-score of 1. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 1 mean?
Hybrid Power Solutions (HPSIF) has a Piotroski F-Score of 1 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Hybrid Power Solutions and its competitors. This is 67% below median its historical median of 3.00. Over the past decade, Hybrid Power Solutions' Piotroski F-Score has ranged from 1.00 to 5.00. According to the industry distribution chart, Hybrid Power Solutions ranks #2929 out of 2972 companies in the Industrial Products industry, placing it in the top 98.6%.
Is Hybrid Power Solutions' Piotroski F-Score too high?
Hybrid Power Solutions' current Piotroski F-Score of 1 is 67% below 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 Industrial Products industry median Piotroski F-Score is 5.00. Hybrid Power Solutions' value of 1 is 80% below this industry median. Based on the distribution chart, Hybrid Power Solutions ranks #2929 out of 2972 companies in the Industrial Products industry, which is in the bottom quartile relative to peers.
How does Hybrid Power Solutions' Piotroski F-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Hybrid Power Solutions ranks #2929 out of 2972 companies for Piotroski F-Score. This places Hybrid Power Solutions in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Hybrid Power Solutions' value of 1 is 80% below this benchmark. Historically, Hybrid Power Solutions' 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, Hybrid Power Solutions 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,972 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. Hybrid Power Solutions's current Piotroski F-Score of 1 is 80% 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 Hybrid Power Solutions and its competitors. For the Industrial Products 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. Hybrid Power Solutions's current Piotroski F-Score is 1, which is 67% below 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 Hybrid Power Solutions stock overvalued right now?
Hybrid Power Solutions (HPSIF) has a current Piotroski F-Score of 1. The current Piotroski F-Score is 1, which is 67% below median its 10-year median of 3.00 and 80% below the Industrial Products 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 Hybrid Power Solutions (HPSIF), the current Piotroski F-Score is 1 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.

Hybrid Power Solutions Business Description

Other Exchanges E092:GermanyHPSS:Canada
Address 333 Terminal Avenue, Suite 208, Vancouver, BC, CAN, V6A 4C1
Hybrid Power Solutions Inc is a Canadian clean energy company specializing in producing, developing, and installing direct-to-consumer clean technology products such as portable power packs and stationary energy storage. It mainly designs and manufactures patent-pending portable battery systems and customized energy solutions for a variety of industrial markets, including the mining, railway, public transit, and construction sectors. It also has a franchise network of solar power installers that operate under the Company's trademark and offer the sale and installation of the Company's products. Geographically, the company operates in Canada; Revenue is generated in three geographical markets, being Canada, United States, France, and Netherlands.