LiqTech InternationalLIQT -3.23%49 Piotroski F-Score is 4 as of Jun. 25, 2026, which is 33% above its 10-year median of 3.00. GuruFocus rates LIQT with a GF Score™ of 49/100 and a GF Value™ of $1.78 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 2,979 Industrial Products companies, LiqTech International ranks worse than 65.12% 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
LiqTech International 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 LiqTech International's Piotroski F-Score or its related term are showing as below:
LIQT'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 3 Max: 6
Current: 4
During the past 13 years, the highest Piotroski F-Score of LiqTech International was 6. The lowest was 1. And the median was 3.
LiqTech International (NAS:LIQT) 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.
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.
LiqTech International Piotroski F-Score Related Terms
LiqTech International Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for LiqTech International'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.
LIQT vs BNET, CLWT, EESH: Piotroski F-Score Comparison
For the Pollution & Treatment Controls subindustry, LiqTech International'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.
LiqTech International Piotroski F-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, LiqTech International's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where LiqTech International'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.
LiqTech International's current Net Income (TTM) was -8.89.
==> 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.
LiqTech International's current Cash Flow from Operations (TTM) was -6.75.
==> 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.
LiqTech International's return on assets of this year was -0.27281938. LiqTech International's return on assets of last year was -0.32866798.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
LiqTech International's gearing of this year was 0.39764058. LiqTech International's gearing of last year was 0.38840227.
==> 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
LiqTech International's current ratio of this year was 2.49823384. LiqTech International's current ratio of last year was 3.79684096.
==> 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.
LiqTech International's number of shares in issue this year was 9.847. LiqTech International's number of shares in issue last year was 9.602.
==> 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.
LiqTech International's gross margin of this year was 0.09485179. LiqTech International's gross margin of last year was 0.00693935.
==> 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
LiqTech International's asset turnover of this year was 0.49200209. LiqTech International's asset turnover of last year was 0.47781037.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
LiqTech International has an F-score of 4 indicating the company's financial situation is typical for a stable company.
LiqTech International (LIQT) 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 LiqTech International and its competitors. This is 33% above median its historical median of 3.00. Over the past decade, LiqTech International's Piotroski F-Score has ranged from 1.00 to 6.00. According to the industry distribution chart, LiqTech International ranks #1940 out of 2979 companies in the Industrial Products industry, placing it in the top 65.1%.
Is LiqTech International's Piotroski F-Score too high?
LiqTech International'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 6.00. The Industrial Products industry median Piotroski F-Score is 5.00. LiqTech International's value of 4 is 20% below this industry median. Based on the distribution chart, LiqTech International ranks #1940 out of 2979 companies in the Industrial Products industry, which is below the industry midpoint. Overall, LiqTech International has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does LiqTech International's Piotroski F-Score compare to BNET and CLWT?
According to the Industrial Products industry distribution chart, LiqTech International ranks #1940 out of 2979 companies for Piotroski F-Score. This places LiqTech International in the lower half of its industry. The industry median Piotroski F-Score is 5.00. LiqTech International's value of 4 is 20% below this benchmark. Historically, LiqTech International's own Piotroski F-Score has ranged from 1.00 to 6.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, LiqTech International 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,979 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. LiqTech International'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 LiqTech International and its competitors. For the Industrial 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. LiqTech International'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 LiqTech International stock overvalued right now?
Based on GuruFocus' analysis, LiqTech International (LIQT) is currently considered Possible Value Trap. The stock's GF Value™ is $1.78, compared to a current price of $0.85 — trading 52.5% 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 Industrial Products industry median of 5.00. LiqTech International's overall GF Score™ is 49/100 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 LiqTech International (LIQT), 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.
Is LiqTech International (LIQT) Overvalued in 2026?
Based on GuruFocus' analysis, LiqTech International stock appears to be undervalued.
The current stock price of $0.85 is trading 52.5% below its estimated GF Value™ of $1.78.
GuruFocus considers LiqTech International to be Possible Value Trap.
Key valuation signals for LIQT:
Piotroski F-Score: 4 (33% above median its 10-year median of 3.00)
GF Value™: $1.78 vs. price of $0.85 (52.5% below fair value)
Industry Position: 20% below the Industrial Products median (#1940 of 2979)
No single metric tells the full story. See the LIQT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
LiqTech International Inc is a clean technology company which provides technology for gas and liquid purification by manufacturing ceramic silicon carbide filters. The company is renowned in three business areas: ceramic membranes and membrane incorporated liquid filtration systems, ceramic diesel particulate filters (DPFs) to control soot exhaust particles and black carbon emission from diesel engines, and plastic components for usage across various industries. The company's product portfolio consists of ceramic silicon membranes for liquid filtration, diesel particulate filters, Hybrid Technology Membranes and others. The Company operates through three reportable segments: Systems and Aftermarket, Filters and Membranes, and Components.
49GF Score
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