Xeros Technology Group (LSE:XSG) Piotroski F-Score: 4 (As of Jul. 04, 2026) — 33% Above Median


What is Xeros Technology Group Piotroski F-Score?

Xeros Technology Group LSE:XSG Piotroski F-Score is 4 as of Jul. 04, 2026, which is 33% above its 10-year median of 3.00. The stock has 3 warning signs investors should review. Among 2,976 Industrial Products companies, Xeros Technology Group ranks worse than 65.09% 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

Xeros Technology Group 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 Xeros Technology Group's Piotroski F-Score or its related term are showing as below:

LSE:XSG' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 5
Current: 4

During the past 13 years, the highest Piotroski F-Score of Xeros Technology Group was 5. The lowest was 1. And the median was 3.

Xeros Technology Group  (LSE:XSG) 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.


Xeros Technology Group Piotroski F-Score Related Terms


Xeros Technology Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Xeros Technology Group'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.

Xeros Technology Group Piotroski F-Score Chart

Xeros Technology Group Annual Data
Trend Jul15 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 1.00 3.00 3.00 4.00

Xeros Technology Group Semi-Annual Data
Jul15 Jun16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 3.00 0.00 3.00 0.00 4.00

LSE:XSG vs GEV, ETN, PH: Piotroski F-Score Comparison

For the Specialty Industrial Machinery subindustry, Xeros Technology Group'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.


Xeros Technology Group Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Xeros Technology Group's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Xeros Technology Group'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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was £-3.42 Mil.
Cash Flow from Operations was £-2.59 Mil.
Revenue was £0.24 Mil.
Gross Profit was £0.18 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (4.315 + 6.708) / 2 = £5.5115 Mil.
Total Assets at the begining of this year (Dec24) was £4.32 Mil.
Long-Term Debt & Capital Lease Obligation was £0.43 Mil.
Total Current Assets was £6.06 Mil.
Total Current Liabilities was £0.92 Mil.
Net Income was £-4.49 Mil.

Revenue was £0.16 Mil.
Gross Profit was £0.14 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (3.011 + 4.315) / 2 = £3.663 Mil.
Total Assets at the begining of last year (Dec23) was £3.01 Mil.
Long-Term Debt & Capital Lease Obligation was £0.56 Mil.
Total Current Assets was £3.50 Mil.
Total Current Liabilities was £0.52 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.

Xeros Technology Group's current Net Income (TTM) was -3.42. ==> 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.

Xeros Technology Group's current Cash Flow from Operations (TTM) was -2.59. ==> 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 (Dec24)
=-3.415/4.315
=-0.79142526

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-4.485/3.011
=-1.48953836

Xeros Technology Group's return on assets of this year was -0.79142526. Xeros Technology Group's return on assets of last year was -1.48953836. ==> 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.

Xeros Technology Group's current Net Income (TTM) was -3.42. Xeros Technology Group's current Cash Flow from Operations (TTM) was -2.59. ==> -2.59 > -3.42 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=0.429/5.5115
=0.07783725

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0.558/3.663
=0.15233415

Xeros Technology Group's gearing of this year was 0.07783725. Xeros Technology Group's gearing of last year was 0.15233415. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=6.063/0.924
=6.56168831

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=3.502/0.521
=6.72168906

Xeros Technology Group's current ratio of this year was 6.56168831. Xeros Technology Group's current ratio of last year was 6.72168906. ==> 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.

Xeros Technology Group's number of shares in issue this year was 553.076. Xeros Technology Group's number of shares in issue last year was 414.109. ==> 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
=0.182/0.242
=0.75206612

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0.139/0.161
=0.86335404

Xeros Technology Group's gross margin of this year was 0.75206612. Xeros Technology Group's gross margin of last year was 0.86335404. ==> 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 (Dec24)
=0.242/4.315
=0.05608343

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=0.161/3.011
=0.05347061

Xeros Technology Group's asset turnover of this year was 0.05608343. Xeros Technology Group's asset turnover of last year was 0.05347061. ==> 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+1+1+1+0+0+0+1
=4

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

Xeros Technology Group 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?
Xeros Technology Group (LSE:XSG) has a Piotroski F-Score of 4 as of Jul. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Xeros Technology Group and its competitors. This is 33% above median its historical median of 3.00. Over the past decade, Xeros Technology Group's Piotroski F-Score has ranged from 1.00 to 5.00. According to the industry distribution chart, Xeros Technology Group ranks #1937 out of 2976 companies in the Industrial Products industry, placing it in the top 65.1%.
Is Xeros Technology Group's Piotroski F-Score too high?
Xeros Technology Group'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 5.00. The Industrial Products industry median Piotroski F-Score is 5.00. Xeros Technology Group's value of 4 is 20% below this industry median. Based on the distribution chart, Xeros Technology Group ranks #1937 out of 2976 companies in the Industrial Products industry, which is below the industry midpoint.
How does Xeros Technology Group's Piotroski F-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Xeros Technology Group ranks #1937 out of 2976 companies for Piotroski F-Score. This places Xeros Technology Group in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Xeros Technology Group's value of 4 is 20% below this benchmark. Historically, Xeros Technology Group's own Piotroski F-Score has ranged from 1.00 to 5.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Xeros Technology Group 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 2,976 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. Xeros Technology Group'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 Xeros Technology Group 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. Xeros Technology Group'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 Xeros Technology Group stock overvalued right now?
Based on GuruFocus' analysis, Xeros Technology Group (LSE:XSG) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.01, compared to a current price of £0.02 — trading 70% above 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. 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 Xeros Technology Group (LSE:XSG), the current Piotroski F-Score is 4 as of Jul. 04, 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.

Xeros Technology Group Business Description

Other Exchanges 2X40:Germany
Address Unit 2, Evolution, Advanced Manufacturing Park, Whittle Way, Catcliffe, Rotherham, South Yorkshire, GBR, S60 5BL
Xeros Technology Group PLC is a platform technology company that is transforming water-intensive industrial and commercial processes. The company's three main technologies, Microfibre Pollution filter, Garment finishing system and Laundry care system, facilitate garment manufacturers, industrial laundries, domestic washing machine manufacturers and consumers, to reduce their environmental impact, whilst also significantly improving efficiency in the process.