ITRMF (Iterum Therapeutics) Piotroski F-Score: 3 (As of Jun. 25, 2026) — Near Median


What is Iterum Therapeutics Piotroski F-Score?

Iterum Therapeutics ITRMF +18.86% Piotroski F-Score is 3 as of Jun. 25, 2026, which is at its 10-year median of 3.00. The stock has 4 warning signs investors should review. Among 1,342 Biotechnology companies, Iterum Therapeutics ranks better than 55.14% on this metric.

Warning Sign:

Piotroski F-Score of 3 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

Iterum Therapeutics 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 Iterum Therapeutics's Piotroski F-Score or its related term are showing as below:

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

During the past 9 years, the highest Piotroski F-Score of Iterum Therapeutics was 4. The lowest was 1. And the median was 3.

Iterum Therapeutics  (OTCPK:ITRMF) 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.


Iterum Therapeutics Piotroski F-Score Related Terms


Iterum Therapeutics Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Iterum Therapeutics'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.

Iterum Therapeutics Piotroski F-Score Chart

Iterum Therapeutics Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 1.00 3.00 4.00 0.00 0.00

Iterum Therapeutics Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 0.00 0.00 2.00 2.00 3.00

ITRMF vs ENSC, PPCB, REVB: Piotroski F-Score Comparison

For the Biotechnology subindustry, Iterum Therapeutics'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.


Iterum Therapeutics Piotroski F-Score vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Iterum Therapeutics's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Iterum Therapeutics'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 (Sep25) TTM:Last Year (Sep24) TTM:
Net Income was -6.582 + -4.891 + -6.509 + -8.979 = $-26.96 Mil.
Cash Flow from Operations was -4.256 + -3.06 + -4.751 + -7.447 = $-19.51 Mil.
Revenue was 0 + 0 + 0 + 0.39 = $0.39 Mil.
Gross Profit was -0.254 + -0.342 + -0.345 + 0.37 = $-0.57 Mil.
Average Total Assets from the begining of this year (Sep24)
to the end of this year (Sep25) was
(15.924 + 44.595 + 32.975 + 34.014 + 32.503) / 5 = $32.0022 Mil.
Total Assets at the begining of this year (Sep24) was $15.92 Mil.
Long-Term Debt & Capital Lease Obligation was $33.45 Mil.
Total Current Assets was $13.73 Mil.
Total Current Liabilities was $6.43 Mil.
Net Income was -12.362 + -7.101 + -4.997 + -6.094 = $-30.55 Mil.

Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of last year (Sep23)
to the end of last year (Sep24) was
(39.728 + 26.259 + 19.625 + 14.174 + 15.924) / 5 = $23.142 Mil.
Total Assets at the begining of last year (Sep23) was $39.73 Mil.
Long-Term Debt & Capital Lease Obligation was $8.73 Mil.
Total Current Assets was $15.85 Mil.
Total Current Liabilities was $18.70 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.

Iterum Therapeutics's current Net Income (TTM) was -26.96. ==> 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.

Iterum Therapeutics's current Cash Flow from Operations (TTM) was -19.51. ==> 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 (Sep24)
=-26.961/15.924
=-1.69310475

ROA (Last Year)=Net Income/Total Assets (Sep23)
=-30.554/39.728
=-0.76907974

Iterum Therapeutics's return on assets of this year was -1.69310475. Iterum Therapeutics's return on assets of last year was -0.76907974. ==> 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.

Iterum Therapeutics's current Net Income (TTM) was -26.96. Iterum Therapeutics's current Cash Flow from Operations (TTM) was -19.51. ==> -19.51 > -26.96 ==> 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: Sep25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep24 to Sep25
=33.454/32.0022
=1.04536563

Gearing (Last Year: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=8.728/23.142
=0.37714977

Iterum Therapeutics's gearing of this year was 1.04536563. Iterum Therapeutics's gearing of last year was 0.37714977. ==> 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: Sep25)=Total Current Assets/Total Current Liabilities
=13.727/6.43
=2.1348367

Current Ratio (Last Year: Sep24)=Total Current Assets/Total Current Liabilities
=15.854/18.703
=0.8476715

Iterum Therapeutics's current ratio of this year was 2.1348367. Iterum Therapeutics's current ratio of last year was 0.8476715. ==> 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.

Iterum Therapeutics's number of shares in issue this year was 45.802. Iterum Therapeutics's number of shares in issue last year was 20.044. ==> 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
=-0.571/0.39
=-1.46410256

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

Iterum Therapeutics's gross margin of this year was -1.46410256. Iterum Therapeutics'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 (Sep24)
=0.39/15.924
=0.02449133

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep23)
=0/39.728
=0

Iterum Therapeutics's asset turnover of this year was 0.02449133. Iterum Therapeutics'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+1+0+1+1
=4

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

Iterum Therapeutics 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 3 mean?
Iterum Therapeutics (ITRMF) has a Piotroski F-Score of 3 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Iterum Therapeutics and its competitors. This is near median its historical median of 3.00. Over the past decade, Iterum Therapeutics' Piotroski F-Score has ranged from 1.00 to 4.00. According to the industry distribution chart, Iterum Therapeutics ranks #602 out of 1342 companies in the Biotechnology industry, placing it in the top 44.9%.
Is Iterum Therapeutics' Piotroski F-Score too high?
Iterum Therapeutics' current Piotroski F-Score of 3 is near 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 4.00. The Biotechnology industry median Piotroski F-Score is 3.00. Iterum Therapeutics' value of 3 is 0% at this industry median. Based on the distribution chart, Iterum Therapeutics ranks #602 out of 1342 companies in the Biotechnology industry, which is above the industry midpoint.
How does Iterum Therapeutics' Piotroski F-Score compare to ENSC and PPCB?
According to the Biotechnology industry distribution chart, Iterum Therapeutics ranks #602 out of 1342 companies for Piotroski F-Score. This puts Iterum Therapeutics in the upper half of its industry. The industry median Piotroski F-Score is 3.00. Iterum Therapeutics' value of 3 is 0% at this benchmark. Historically, Iterum Therapeutics' own Piotroski F-Score has ranged from 1.00 to 4.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 3.00, Iterum Therapeutics has consistently been at 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 Biotechnology company?
The median Piotroski F-Score among Biotechnology companies is 3.00, based on 1,342 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. Iterum Therapeutics's current Piotroski F-Score of 3 is 0% at 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 Iterum Therapeutics and its competitors. For the Biotechnology industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Iterum Therapeutics's current Piotroski F-Score is 3, which is near 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 Iterum Therapeutics stock overvalued right now?
Iterum Therapeutics (ITRMF) has a current Piotroski F-Score of 3. The current Piotroski F-Score is 3, which is near median its 10-year median of 3.00 and 0% at the Biotechnology industry median of 3.00. 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 Iterum Therapeutics (ITRMF), the current Piotroski F-Score is 3 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.

Iterum Therapeutics Business Description

Address 3 Dublin Landings, North Wall Quay, Dublin 1, Dublin, IRL, D01 C4E0
Iterum Therapeutics PLC is a pharmaceutical company dedicated to maximizing the commercial potential of Orlynvah, an oral-branded penem available in the United States and potentially the first and only oral and intravenous (IV) branded penem available globally. Its product Orlynvah has the potential to be a treatment for complicated urinary tract infections caused by the designated microorganisms, without the presence of known toxicities of some other antibiotics. The company operates in a single business segment, which is the development and commercialization of treatments for drug-resistant bacterial infections.