IGLDF (Golden Energy Power) Piotroski F-Score: 2 (As of Jun. 25, 2026) — 60% Below Median


IGLDF Golden Energy Power Ltd IGLDF
16 GF Score
Price $1.97
! 8 Warning Signs
View Full Analysis

What is Golden Energy Power Piotroski F-Score?

Golden Energy Power IGLDF 16 Piotroski F-Score is 2 as of Jun. 25, 2026, which is 60% below its 10-year median of 5.00. GuruFocus rates IGLDF with a GF Score™ of 16/100. The stock has 8 warning signs investors should review. Among 359 Telecommunication Services companies, Golden Energy Power ranks worse than 96.94% on this metric.

Warning Sign:

Piotroski F-Score of 2 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

Golden Energy Power has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

IGLDF' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 6
Current: 2

During the past 13 years, the highest Piotroski F-Score of Golden Energy Power was 6. The lowest was 2. And the median was 5.

Golden Energy Power  (OTCPK:IGLDF) 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.


Golden Energy Power Piotroski F-Score Related Terms


Golden Energy Power Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Golden Energy 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.

Golden Energy Power Piotroski F-Score Chart

Golden Energy Power Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 N/A N/A 3.00 2.00

Golden Energy Power Semi-Annual Data
Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Dec19 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 N/A 3.00 3.00 0.00 2.00

IGLDF vs TMUS, VZ, T: Piotroski F-Score Comparison

For the Telecom Services subindustry, Golden Energy 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.


Golden Energy Power Piotroski F-Score vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Golden Energy Power's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Golden Energy Power's Piotroski F-Score falls into.


IGLDF
16GF Score
Golden Energy Power Ltd IGLDF
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 $-13.10 Mil.
Cash Flow from Operations was $-3.76 Mil.
Revenue was $4.90 Mil.
Gross Profit was $1.43 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (2.721 + 8.058) / 2 = $5.3895 Mil.
Total Assets at the begining of this year (Dec24) was $2.72 Mil.
Long-Term Debt & Capital Lease Obligation was $0.42 Mil.
Total Current Assets was $3.77 Mil.
Total Current Liabilities was $5.67 Mil.
Net Income was $-7.64 Mil.

Revenue was $0.00 Mil.
Gross Profit was $0.00 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (2.013 + 2.721) / 2 = $2.367 Mil.
Total Assets at the begining of last year (Dec23) was $2.01 Mil.
Long-Term Debt & Capital Lease Obligation was $0.07 Mil.
Total Current Assets was $1.37 Mil.
Total Current Liabilities was $0.48 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.

Golden Energy Power's current Net Income (TTM) was -13.10. ==> 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.

Golden Energy Power's current Cash Flow from Operations (TTM) was -3.76. ==> 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)
=-13.095/2.721
=-4.81256891

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-7.641/2.013
=-3.79582712

Golden Energy Power's return on assets of this year was -4.81256891. Golden Energy Power's return on assets of last year was -3.79582712. ==> 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.

Golden Energy Power's current Net Income (TTM) was -13.10. Golden Energy Power's current Cash Flow from Operations (TTM) was -3.76. ==> -3.76 > -13.10 ==> 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
=0.419/5.3895
=0.07774376

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0.067/2.367
=0.02830587

Golden Energy Power's gearing of this year was 0.07774376. Golden Energy Power's gearing of last year was 0.02830587. ==> 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
=3.771/5.672
=0.66484485

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=1.373/0.477
=2.87840671

Golden Energy Power's current ratio of this year was 0.66484485. Golden Energy Power's current ratio of last year was 2.87840671. ==> 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.

Golden Energy Power's number of shares in issue this year was 16.582. Golden Energy Power's number of shares in issue last year was 4.587. ==> 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
=1.43/4.895
=0.29213483

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0/0
=

Golden Energy Power's gross margin of this year was 0.29213483. Golden Energy Power's gross margin of last year was . ==> 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)
=4.895/2.721
=1.79897097

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=0/2.013
=0

Golden Energy Power's asset turnover of this year was 1.79897097. Golden Energy Power's asset turnover of last year was 0. ==> 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+1+0+0+0+1+1
=3

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

Golden Energy Power has an F-score of 3. 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 2 mean?
Golden Energy Power (IGLDF) has a Piotroski F-Score of 2 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Golden Energy Power and its competitors. This is 60% below median its historical median of 5.00. Over the past decade, Golden Energy Power's Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Golden Energy Power ranks #348 out of 359 companies in the Telecommunication Services industry, placing it in the top 96.9%.
Is Golden Energy Power's Piotroski F-Score too high?
Golden Energy Power's current Piotroski F-Score of 2 is 60% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 6.00. The Telecommunication Services industry median Piotroski F-Score is 6.00. Golden Energy Power's value of 2 is 66.7% below this industry median. Based on the distribution chart, Golden Energy Power ranks #348 out of 359 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Golden Energy Power has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Golden Energy Power's Piotroski F-Score compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Golden Energy Power ranks #348 out of 359 companies for Piotroski F-Score. This places Golden Energy Power in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Golden Energy Power's value of 2 is 66.7% below this benchmark. Historically, Golden Energy Power'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 5.00 vs. the industry median of 6.00, Golden Energy 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 Telecommunication Services company?
The median Piotroski F-Score among Telecommunication Services companies is 6.00, based on 359 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. Golden Energy Power's current Piotroski F-Score of 2 is 66.7% 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 Golden Energy Power and its competitors. For the Telecommunication Services industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Golden Energy Power's current Piotroski F-Score is 2, which is 60% below median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Golden Energy Power stock overvalued right now?
Golden Energy Power (IGLDF) has a current Piotroski F-Score of 2. The current Piotroski F-Score is 2, which is 60% below median its 10-year median of 5.00 and 66.7% below the Telecommunication Services industry median of 6.00. Golden Energy Power's overall GF Score™ is 16/100 with 8 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 Golden Energy Power (IGLDF), the current Piotroski F-Score is 2 as of Jun. 25, 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.

Golden Energy Power Business Description

Other Exchanges GLDE:Israel
Address 2 Dov Friedman Street, Ramat Gan, ISR, 5250301
Golden Energy Power Ltd formerly Internet Gold-Golden Lines Ltd is communications group in Israel. The company's principal subsidiary is B Communications, through which it owns the controlling interest in Bezeq which is a telecommunications service provider. Bezeq mainly provides communications services in Israel offering a broad range of telecommunications operations and services, including domestic fixed-line, cellular and international communication services, Internet services, multi-channel television, television and radio broadcasts, satellite broadcasts, customer call centers, maintenance and development of communications infrastructures. It also provides communications services to other communications providers and the supply and maintenance of equipment on customer premises.
16GF Score

Get the complete analysis for IGLDF

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

$1.97
Price