iTonic HoldingsITOC -1.29%14 Piotroski F-Score is 2 as of Jun. 27, 2026, which is 33% below its 10-year median of 3.00. GuruFocus rates ITOC with a GF Score™ of 14/100. The stock has 6 warning signs investors should review. Among 805 Medical Devices & Instruments companies, iTonic Holdings ranks worse than 90.43% 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
iTonic Holdings has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for iTonic Holdings's Piotroski F-Score or its related term are showing as below:
ITOC'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 3 Max: 3
Current: 2
During the past 5 years, the highest Piotroski F-Score of iTonic Holdings was 3. The lowest was 2. And the median was 3.
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.
iTonic Holdings Piotroski F-Score Related Terms
iTonic Holdings Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for iTonic Holdings'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.
ITOC vs HSCS, FEED, ADMT: Piotroski F-Score Comparison
For the Medical Devices subindustry, iTonic Holdings'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.
iTonic Holdings Piotroski F-Score vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, iTonic Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where iTonic Holdings'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.
iTonic Holdings's current Net Income (TTM) was -5.10.
==> 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.
iTonic Holdings's return on assets of this year was -0.75829243. iTonic Holdings's return on assets of last year was -0.40878169.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
iTonic Holdings's current ratio of this year was 8.82937365. iTonic Holdings's current ratio of last year was 12.38961039.
==> 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.
iTonic Holdings's number of shares in issue this year was 16.037. iTonic Holdings's number of shares in issue last year was 12.721.
==> 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.
iTonic Holdings's gross margin of this year was 0.62523901. iTonic Holdings's gross margin of last year was 0.85044643.
==> 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
iTonic Holdings's asset turnover of this year was 0.07779265. iTonic Holdings's asset turnover of last year was 0.27705628.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
iTonic Holdings has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
iTonic Holdings (ITOC) has a Piotroski F-Score of 2 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on iTonic Holdings and its competitors. This is 33% below median its historical median of 3.00. Over the past decade, iTonic Holdings' Piotroski F-Score has ranged from 2.00 to 3.00. According to the industry distribution chart, iTonic Holdings ranks #728 out of 805 companies in the Medical Devices & Instruments industry, placing it in the top 90.4%.
Is iTonic Holdings' Piotroski F-Score too high?
iTonic Holdings' current Piotroski F-Score of 2 is 33% below median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 3.00. The Medical Devices & Instruments industry median Piotroski F-Score is 5.00. iTonic Holdings' value of 2 is 60% below this industry median. Based on the distribution chart, iTonic Holdings ranks #728 out of 805 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, iTonic Holdings has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does iTonic Holdings' Piotroski F-Score compare to HSCS and FEED?
According to the Medical Devices & Instruments industry distribution chart, iTonic Holdings ranks #728 out of 805 companies for Piotroski F-Score. This places iTonic Holdings in the lower half of its industry. The industry median Piotroski F-Score is 5.00. iTonic Holdings' value of 2 is 60% below this benchmark. Historically, iTonic Holdings' own Piotroski F-Score has ranged from 2.00 to 3.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, iTonic Holdings 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 Medical Devices & Instruments company?
The median Piotroski F-Score among Medical Devices & Instruments companies is 5.00, based on 805 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. iTonic Holdings's current Piotroski F-Score of 2 is 60% 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 iTonic Holdings and its competitors. For the Medical Devices & Instruments 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. iTonic Holdings's current Piotroski F-Score is 2, which is 33% 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 iTonic Holdings stock overvalued right now?
iTonic Holdings (ITOC) has a current Piotroski F-Score of 2. The current Piotroski F-Score is 2, which is 33% below median its 10-year median of 3.00 and 60% below the Medical Devices & Instruments industry median of 5.00. iTonic Holdings' overall GF Score™ is 14/100 with 6 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 iTonic Holdings (ITOC), the current Piotroski F-Score is 2 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.
iTonic Holdings Ltd through its subsidiary, focuses on healthcare solutions for brachytherapy, a targeted radiation therapy used in cancer treatment. Its product, Beijing Feitian's Treatment Planning System, helps ensure safe and effective brachytherapy using radioactive sources inside the patient to kill cancer cells and shrink tumors. Its product portfolio also includes Medical Auxiliary Supplies such as seed implant needles, computer workstations, patient positioning device, etc.
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