LAB (Standard BioTools) Piotroski F-Score: 4 (As of Aug. 20, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LAB Standard BioTools Inc LAB
33 GF Score
Price $0.64
GF Value $0.71
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Standard BioTools Piotroski F-Score?

Standard BioTools LAB -3.77% 33 Piotroski F-Score is 4 as of Aug. 20, 2026, which is at its 10-year median of 4.00. GuruFocus rates LAB with a GF Score™ of 33/100 and a GF Value™ of $0.71 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 804 Medical Devices & Instruments companies, Standard BioTools ranks worse than 56.97% 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

Standard BioTools 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 Standard BioTools's Piotroski F-Score or its related term are showing as below:

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

During the past 13 years, the highest Piotroski F-Score of Standard BioTools was 5. The lowest was 1. And the median was 4.

Standard BioTools  (NAS:LAB) 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.


Standard BioTools Piotroski F-Score Related Terms


Standard BioTools Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Standard BioTools'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.

Standard BioTools Piotroski F-Score Chart

Standard BioTools Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 3.00 4.00 4.00 2.00

Standard BioTools Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 5.00 4.00 2.00 4.00 4.00

LAB vs CV, ELMD, CATX: Piotroski F-Score Comparison

For the Medical Devices subindustry, Standard BioTools'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.


Standard BioTools Piotroski F-Score vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Standard BioTools's Piotroski F-Score distribution charts can be found below:

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


LAB
33GF Score
Standard BioTools Inc LAB
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 (Jun26) TTM:Last Year (Jun25) TTM:
Net Income was -34.687 + 19.283 + 127.068 + -26.758 = $84.91 Mil.
Cash Flow from Operations was -22.202 + -1.19 + -46.597 + -10.311 = $-80.30 Mil.
Revenue was 19.552 + 23.795 + 21.146 + 20.104 = $84.60 Mil.
Gross Profit was 9.484 + 11.382 + 11.308 + 10.535 = $42.71 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(556.965 + 539.636 + 567.754 + 639.114 + 627.218) / 5 = $586.1374 Mil.
Total Assets at the begining of this year (Jun25) was $556.97 Mil.
Long-Term Debt & Capital Lease Obligation was $22.47 Mil.
Total Current Assets was $516.87 Mil.
Total Current Liabilities was $56.80 Mil.
Net Income was -26.938 + -34.072 + -26.033 + -33.459 = $-120.50 Mil.

Revenue was 22.086 + 24.777 + 20.222 + 21.762 = $88.85 Mil.
Gross Profit was 12.126 + 11.357 + 11.049 + 10.628 = $45.16 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(708.732 + 681.539 + 612.345 + 579.597 + 556.965) / 5 = $627.8356 Mil.
Total Assets at the begining of last year (Jun24) was $708.73 Mil.
Long-Term Debt & Capital Lease Obligation was $23.52 Mil.
Total Current Assets was $506.04 Mil.
Total Current Liabilities was $98.02 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.

Standard BioTools's current Net Income (TTM) was 84.91. ==> Positive ==> Score 1.

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.

Standard BioTools's current Cash Flow from Operations (TTM) was -80.30. ==> 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 (Jun25)
=84.906/556.965
=0.15244405

ROA (Last Year)=Net Income/Total Assets (Jun24)
=-120.502/708.732
=-0.17002478

Standard BioTools's return on assets of this year was 0.15244405. Standard BioTools's return on assets of last year was -0.17002478. ==> This year is higher. ==> Score 1.

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.

Standard BioTools's current Net Income (TTM) was 84.91. Standard BioTools's current Cash Flow from Operations (TTM) was -80.30. ==> -80.30 <= 84.91 ==> CFROA <= ROA ==> Score 0.

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: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun25 to Jun26
=22.466/586.1374
=0.0383289

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=23.522/627.8356
=0.03746522

Standard BioTools's gearing of this year was 0.0383289. Standard BioTools's gearing of last year was 0.03746522. ==> 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: Jun26)=Total Current Assets/Total Current Liabilities
=516.867/56.802
=9.09945072

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=506.037/98.024
=5.1623786

Standard BioTools's current ratio of this year was 9.09945072. Standard BioTools's current ratio of last year was 5.1623786. ==> 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.

Standard BioTools's number of shares in issue this year was 390.881. Standard BioTools's number of shares in issue last year was 380.498. ==> 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
=42.709/84.597
=0.50485242

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=45.16/88.847
=0.50828953

Standard BioTools's gross margin of this year was 0.50485242. Standard BioTools's gross margin of last year was 0.50828953. ==> 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 (Jun25)
=84.597/556.965
=0.15188926

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=88.847/708.732
=0.1253605

Standard BioTools's asset turnover of this year was 0.15188926. Standard BioTools's asset turnover of last year was 0.1253605. ==> 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
=1+0+1+0+0+1+0+0+1
=4

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

Standard BioTools 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?
Standard BioTools (LAB) has a Piotroski F-Score of 4 as of Aug. 20, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Standard BioTools and its competitors. This is near median its historical median of 4.00. Over the past decade, Standard BioTools' Piotroski F-Score has ranged from 1.00 to 5.00. According to the industry distribution chart, Standard BioTools ranks #458 out of 804 companies in the Medical Devices & Instruments industry, placing it in the top 57%.
Is Standard BioTools' Piotroski F-Score too high?
Standard BioTools' 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 5.00. The Medical Devices & Instruments industry median Piotroski F-Score is 5.00. Standard BioTools' value of 4 is 20% below this industry median. Based on the distribution chart, Standard BioTools ranks #458 out of 804 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Standard BioTools has a GF Score™ of 33/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Standard BioTools' Piotroski F-Score compare to CV and ELMD?
According to the Medical Devices & Instruments industry distribution chart, Standard BioTools ranks #458 out of 804 companies for Piotroski F-Score. This places Standard BioTools in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Standard BioTools' value of 4 is 20% below this benchmark. Historically, Standard BioTools' own Piotroski F-Score has ranged from 1.00 to 5.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Standard BioTools 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 804 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. Standard BioTools'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 Standard BioTools 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. Standard BioTools'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 Standard BioTools stock overvalued right now?
Based on GuruFocus' analysis, Standard BioTools (LAB) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.71, compared to a current price of $0.64 — trading 10.6% below its estimated fair value. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Medical Devices & Instruments industry median of 5.00. Standard BioTools' overall GF Score™ is 33/100 with 5 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 Standard BioTools (LAB), the current Piotroski F-Score is 4 as of Aug. 20, 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 Standard BioTools (LAB) Overvalued in 2026?

Based on GuruFocus' analysis, Standard BioTools stock appears to be undervalued. The current stock price of $0.64 is trading 10.6% below its estimated GF Value™ of $0.71. GuruFocus considers Standard BioTools to be Modestly Undervalued.

Key valuation signals for LAB:

  • Piotroski F-Score: 4 (near median its 10-year median of 4.00)
  • GF Value™: $0.71 vs. price of $0.64 (10.6% below fair value)
  • GF Score™: 33/100 with 5 warning signs
  • Industry Position: 20% below the Medical Devices & Instruments median (#458 of 804)

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


Standard BioTools Business Description

Other Exchanges FLB:Germany
Address 50 Milk Street, 10th Floor, Boston, MA, USA, 02109
Standard BioTools Inc develops, manufactures, and sells technologies that help biomedical researchers in their search for developing medicines faster. Its tools provide insights into health and disease using proprietary mass cytometry and microfluidics technologies, which serve applications in proteomics and genomics, respectively. The company operates in one segment. Its technology includes: Genomics; Single-cell proteomics; Spatial proteomics. Its platforms include: Biomark X9 System, CyTOF XT system, and Hyperion XTi Imaging System. The company offers a diverse range of instrumentation, consumables, and services that generate high-quality data across early discovery, translational and clinical research. Geographically, it operates in Americas; EMEA and Asia-Pacific.
33GF Score

Get the complete analysis for LAB

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

$0.64
Price
$0.71
GF Value