KROS (Keros Therapeutics) Piotroski F-Score: 4 (As of Jun. 25, 2026) — Near Median


KROS Keros Therapeutics Inc KROS
30 GF Score
Price $10.92
! 3 Warning Signs
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What is Keros Therapeutics Piotroski F-Score?

Keros Therapeutics KROS -0.55% 30 Piotroski F-Score is 4 as of Jun. 25, 2026, which is at its 10-year median of 4.00. GuruFocus rates KROS with a GF Score™ of 30/100. The stock has 3 warning signs investors should review. Among 1,342 Biotechnology companies, Keros Therapeutics ranks better than 74.22% 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

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

KROS' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 7
Current: 4

During the past 8 years, the highest Piotroski F-Score of Keros Therapeutics was 7. The lowest was 1. And the median was 4.

Keros Therapeutics  (NAS:KROS) 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.


Keros Therapeutics Piotroski F-Score Related Terms


Keros Therapeutics Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Keros 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.

Keros Therapeutics Piotroski F-Score Chart

Keros Therapeutics Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 3.00 1.00 3.00 4.00 7.00

Keros Therapeutics Quarterly Data
Jun21 Sep21 Dec21 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 Premium Member Only Premium Member Only 6.00 7.00 7.00 7.00 4.00

KROS vs RNA, RNAC, ARCT: Piotroski F-Score Comparison

For the Biotechnology subindustry, Keros 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.


Keros Therapeutics Piotroski F-Score vs Biotechnology Industry

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

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


KROS
30GF Score
Keros Therapeutics Inc KROS
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 -30.696 + -7.28 + -23.461 + -23.708 = $-85.15 Mil.
Cash Flow from Operations was -29.623 + 3.249 + -27.292 + -3.529 = $-57.20 Mil.
Revenue was 18.168 + 14.262 + 0.385 + 0.367 = $33.18 Mil.
Gross Profit was 18.168 + 14.262 + 0.385 + 0.367 = $33.18 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(784.561 + 757.165 + 742.783 + 338.021 + 312.293) / 5 = $586.9646 Mil.
Total Assets at the begining of this year (Mar25) was $784.56 Mil.
Long-Term Debt & Capital Lease Obligation was $13.81 Mil.
Total Current Assets was $290.68 Mil.
Total Current Liabilities was $12.85 Mil.
Net Income was -45.257 + -52.956 + -46.026 + 148.451 = $4.21 Mil.

Revenue was 0.037 + 0.388 + 3.042 + 211.246 = $214.71 Mil.
Gross Profit was 0.037 + 0.388 + 3.042 + 211.246 = $214.71 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(485.819 + 455.022 + 579.271 + 615.886 + 784.561) / 5 = $584.1118 Mil.
Total Assets at the begining of last year (Mar24) was $485.82 Mil.
Long-Term Debt & Capital Lease Obligation was $16.31 Mil.
Total Current Assets was $759.51 Mil.
Total Current Liabilities was $39.38 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.

Keros Therapeutics's current Net Income (TTM) was -85.15. ==> 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.

Keros Therapeutics's current Cash Flow from Operations (TTM) was -57.20. ==> 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 (Mar25)
=-85.145/784.561
=-0.10852566

ROA (Last Year)=Net Income/Total Assets (Mar24)
=4.212/485.819
=0.0086699

Keros Therapeutics's return on assets of this year was -0.10852566. Keros Therapeutics's return on assets of last year was 0.0086699. ==> 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.

Keros Therapeutics's current Net Income (TTM) was -85.15. Keros Therapeutics's current Cash Flow from Operations (TTM) was -57.20. ==> -57.20 > -85.15 ==> 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
=13.81/586.9646
=0.02352782

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=16.311/584.1118
=0.02792445

Keros Therapeutics's gearing of this year was 0.02352782. Keros Therapeutics's gearing of last year was 0.02792445. ==> 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
=290.677/12.853
=22.61549833

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=759.509/39.379
=19.28715813

Keros Therapeutics's current ratio of this year was 22.61549833. Keros Therapeutics's current ratio of last year was 19.28715813. ==> 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.

Keros Therapeutics's number of shares in issue this year was 19.63. Keros Therapeutics's number of shares in issue last year was 41.021. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

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
=33.182/33.182
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=214.713/214.713
=1

Keros Therapeutics's gross margin of this year was 1. Keros Therapeutics's gross margin of last year was 1. ==> 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)
=33.182/784.561
=0.04229372

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=214.713/485.819
=0.44196089

Keros Therapeutics's asset turnover of this year was 0.04229372. Keros Therapeutics's asset turnover of last year was 0.44196089. ==> 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+1+1+1+0+0
=4

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

Keros 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 4 mean?
Keros Therapeutics (KROS) has a Piotroski F-Score of 4 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Keros Therapeutics and its competitors. This is near median its historical median of 4.00. Over the past decade, Keros Therapeutics' Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, Keros Therapeutics ranks #346 out of 1342 companies in the Biotechnology industry, placing it in the top 25.8%.
Is Keros Therapeutics' Piotroski F-Score too high?
Keros Therapeutics' current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 7.00. The Biotechnology industry median Piotroski F-Score is 3.00. Keros Therapeutics' value of 4 is 33.3% above this industry median. Based on the distribution chart, Keros Therapeutics ranks #346 out of 1342 companies in the Biotechnology industry, which is above the industry midpoint. Overall, Keros Therapeutics has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Keros Therapeutics' Piotroski F-Score compare to RNA and RNAC?
According to the Biotechnology industry distribution chart, Keros Therapeutics ranks #346 out of 1342 companies for Piotroski F-Score. This puts Keros Therapeutics in the upper half of its industry. The industry median Piotroski F-Score is 3.00. Keros Therapeutics' value of 4 is 33.3% above this benchmark. Historically, Keros Therapeutics' own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 3.00, Keros Therapeutics has consistently been above 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. Keros Therapeutics's current Piotroski F-Score of 4 is 33.3% above 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 Keros 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. Keros Therapeutics's current Piotroski F-Score is 4, which is near median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keros Therapeutics stock overvalued right now?
Keros Therapeutics (KROS) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 33.3% above the Biotechnology industry median of 3.00. Keros Therapeutics' overall GF Score™ is 30/100 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 Keros Therapeutics (KROS), the current Piotroski F-Score is 4 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.

Keros Therapeutics Business Description

Address 1050 Waltham Street, Suite 302, Lexington, MA, USA, 02421
Keros Therapeutics Inc is a clinical-stage biopharmaceutical company focused on the discovery, development, and commercialization of novel treatments for patients suffering from hematological, pulmonary, and cardiovascular disorders with high unmet medical needs. The company's protein therapeutic product candidate, KER-050, is being developed for the treatment of low blood cells counts, or cytopenias, including anemia and thrombocytopenia, in patients with myelodysplastic syndromes, or MDS, and in patients with myelofibrosis.
30GF Score

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