ISPR (Ispire Technology) Piotroski F-Score: 4 (As of Jun. 28, 2026) — 33% Above Median


ISPR Ispire Technology Inc ISPR
45 GF Score
Price $1.50
GF Value $3.71
Valuation Possible Value Trap
! 3 Warning Signs
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What is Ispire Technology Piotroski F-Score?

Ispire Technology ISPR -7.41% 45 Piotroski F-Score is 4 as of Jun. 28, 2026, which is 33% above its 10-year median of 3.00. GuruFocus rates ISPR with a GF Score™ of 45/100 and a GF Value™ of $3.71 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 47 Tobacco Products companies, Ispire Technology ranks worse than 63.83% 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

Ispire Technology 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 Ispire Technology's Piotroski F-Score or its related term are showing as below:

ISPR' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 5
Current: 4

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

Ispire Technology  (NAS:ISPR) 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.


Ispire Technology Piotroski F-Score Related Terms


Ispire Technology Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Ispire Technology'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.

Ispire Technology Piotroski F-Score Chart

Ispire Technology Annual Data
Trend Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
N/A N/A N/A 3.00 1.00

Ispire Technology Quarterly Data
Jun21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3.00 1.00 2.00 2.00 4.00

ISPR vs CHUC, PYYX, RYM: Piotroski F-Score Comparison

For the Tobacco subindustry, Ispire Technology'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.


Ispire Technology Piotroski F-Score vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Ispire Technology's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Ispire Technology's Piotroski F-Score falls into.


ISPR
45GF Score
Ispire Technology Inc ISPR
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was -14.79 + -3.259 + -6.603 + -9.523 = $-34.18 Mil.
Cash Flow from Operations was 4.695 + -1.184 + -3.967 + 1.956 = $1.50 Mil.
Revenue was 20.137 + 30.351 + 20.287 + 18.686 = $89.46 Mil.
Gross Profit was 2.477 + 5.147 + 3.475 + 1.991 = $13.09 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(115.728 + 102.217 + 96.446 + 84.401 + 75.911) / 5 = $94.9406 Mil.
Total Assets at the begining of this year (Mar25) was $115.73 Mil.
Long-Term Debt & Capital Lease Obligation was $2.27 Mil.
Total Current Assets was $55.74 Mil.
Total Current Liabilities was $54.85 Mil.
Net Income was -3.509 + -5.595 + -7.999 + -10.856 = $-27.96 Mil.

Revenue was 37.343 + 39.338 + 41.828 + 26.191 = $144.70 Mil.
Gross Profit was 10.563 + 7.674 + 7.723 + 4.776 = $30.74 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(108.149 + 122.641 + 128.953 + 132.042 + 115.728) / 5 = $121.5026 Mil.
Total Assets at the begining of last year (Mar24) was $108.15 Mil.
Long-Term Debt & Capital Lease Obligation was $4.77 Mil.
Total Current Assets was $94.03 Mil.
Total Current Liabilities was $96.18 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.

Ispire Technology's current Net Income (TTM) was -34.18. ==> 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.

Ispire Technology's current Cash Flow from Operations (TTM) was 1.50. ==> Positive ==> Score 1.

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 (Mar25)
=-34.175/115.728
=-0.29530451

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-27.959/108.149
=-0.25852296

Ispire Technology's return on assets of this year was -0.29530451. Ispire Technology's return on assets of last year was -0.25852296. ==> 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.

Ispire Technology's current Net Income (TTM) was -34.18. Ispire Technology's current Cash Flow from Operations (TTM) was 1.50. ==> 1.50 > -34.18 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=2.265/94.9406
=0.02385702

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=4.767/121.5026
=0.03923373

Ispire Technology's gearing of this year was 0.02385702. Ispire Technology's gearing of last year was 0.03923373. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=55.739/54.85
=1.01620784

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=94.027/96.176
=0.97765555

Ispire Technology's current ratio of this year was 1.01620784. Ispire Technology's current ratio of last year was 0.97765555. ==> 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.

Ispire Technology's number of shares in issue this year was 57.294. Ispire Technology's number of shares in issue last year was 57.003. ==> 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
=13.09/89.461
=0.14632074

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=30.736/144.7
=0.21241189

Ispire Technology's gross margin of this year was 0.14632074. Ispire Technology's gross margin of last year was 0.21241189. ==> 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 (Mar25)
=89.461/115.728
=0.77302813

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=144.7/108.149
=1.33796891

Ispire Technology's asset turnover of this year was 0.77302813. Ispire Technology's asset turnover of last year was 1.33796891. ==> 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+1+0+1+1+1+0+0+0
=4

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

Ispire Technology 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?
Ispire Technology (ISPR) has a Piotroski F-Score of 4 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Ispire Technology and its competitors. This is 33% above median its historical median of 3.00. Over the past decade, Ispire Technology's Piotroski F-Score has ranged from 1.00 to 5.00. According to the industry distribution chart, Ispire Technology ranks #30 out of 47 companies in the Tobacco Products industry, placing it in the top 63.8%.
Is Ispire Technology's Piotroski F-Score too high?
Ispire Technology'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 5.00. The Tobacco Products industry median Piotroski F-Score is 5.00. Ispire Technology's value of 4 is 20% below this industry median. Based on the distribution chart, Ispire Technology ranks #30 out of 47 companies in the Tobacco Products industry, which is below the industry midpoint. Overall, Ispire Technology has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ispire Technology's Piotroski F-Score compare to CHUC and PYYX?
According to the Tobacco Products industry distribution chart, Ispire Technology ranks #30 out of 47 companies for Piotroski F-Score. This places Ispire Technology in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Ispire Technology's value of 4 is 20% below this benchmark. Historically, Ispire Technology's 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, Ispire Technology 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 Tobacco Products company?
The median Piotroski F-Score among Tobacco Products companies is 5.00, based on 47 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. Ispire Technology'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 Ispire Technology and its competitors. For the Tobacco 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. Ispire Technology'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 Ispire Technology stock overvalued right now?
Based on GuruFocus' analysis, Ispire Technology (ISPR) is currently considered Possible Value Trap. The stock's GF Value™ is $3.71, compared to a current price of $1.50 — trading 59.6% 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 Tobacco Products industry median of 5.00. Ispire Technology's overall GF Score™ is 45/100 with 3 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 Ispire Technology (ISPR), the current Piotroski F-Score is 4 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.

Is Ispire Technology (ISPR) Overvalued in 2026?

Based on GuruFocus' analysis, Ispire Technology stock appears to be undervalued. The current stock price of $1.50 is trading 59.6% below its estimated GF Value™ of $3.71. GuruFocus considers Ispire Technology to be Possible Value Trap.

Key valuation signals for ISPR:

  • Piotroski F-Score: 4 (33% above median its 10-year median of 3.00)
  • GF Value™: $3.71 vs. price of $1.50 (59.6% below fair value)
  • GF Score™: 45/100 with 3 warning signs
  • Industry Position: 20% below the Tobacco Products median (#30 of 47)

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


Ispire Technology Business Description

Address 19700 Magellan Drive, Los Angeles, CA, USA, 90502
Ispire Technology Inc is engaged in the research and development, design, commercialization, sales, marketing, and distribution of branded e-cigarettes and cannabis vaping products. The company sells its cannabis vaping products in the United States, Europe, Canada, and South Africa. Geographically, the company generates the majority of its revenue from Europe.
45GF Score

Get the complete analysis for ISPR

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

$1.50
Price
$3.71
GF Value