NSCIF (Nanalysis Scientific) Piotroski F-Score: 5 (As of Jun. 25, 2026) — 25% Above Median


NSCIF Nanalysis Scientific Corp NSCIF
53 GF Score
Price $0.08
GF Value $0.22
Valuation Possible Value Trap
! 4 Warning Signs
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What is Nanalysis Scientific Piotroski F-Score?

Nanalysis Scientific NSCIF +0.85% 53 Piotroski F-Score is 5 as of Jun. 25, 2026, which is 25% above its 10-year median of 4.00. GuruFocus rates NSCIF with a GF Score™ of 53/100 and a GF Value™ of $0.22 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,424 Hardware companies, Nanalysis Scientific ranks better than 59.49% 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

Nanalysis Scientific has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Nanalysis Scientific's Piotroski F-Score or its related term are showing as below:

NSCIF' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 6
Current: 5

During the past 8 years, the highest Piotroski F-Score of Nanalysis Scientific was 6. The lowest was 1. And the median was 4.

Nanalysis Scientific  (OTCPK:NSCIF) 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.


Nanalysis Scientific Piotroski F-Score Related Terms


Nanalysis Scientific Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Nanalysis Scientific'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.

Nanalysis Scientific Piotroski F-Score Chart

Nanalysis Scientific Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 5.00 2.00 2.00 6.00 5.00

Nanalysis Scientific 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 5.00 5.00 5.00 5.00 5.00

NSCIF vs COHR, KEYS, GRMN: Piotroski F-Score Comparison

For the Scientific & Technical Instruments subindustry, Nanalysis Scientific'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.


Nanalysis Scientific Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, Nanalysis Scientific's Piotroski F-Score distribution charts can be found below:

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


NSCIF
53GF Score
Nanalysis Scientific Corp NSCIF
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was -1.553 + -1.084 + -0.528 + -0.934 = $-4.10 Mil.
Cash Flow from Operations was -1.147 + -0.223 + 1.921 + -0.095 = $0.46 Mil.
Revenue was 7.006 + 6.712 + 7.739 + 7.775 = $29.23 Mil.
Gross Profit was 1.701 + 1.467 + 2.098 + 1.748 = $7.01 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(26.84 + 27.487 + 26.822 + 27.846 + 25.509) / 5 = $26.9008 Mil.
Total Assets at the begining of this year (Mar25) was $26.84 Mil.
Long-Term Debt & Capital Lease Obligation was $5.30 Mil.
Total Current Assets was $10.44 Mil.
Total Current Liabilities was $10.26 Mil.
Net Income was -1.456 + -1.214 + -5.231 + -0.91 = $-8.81 Mil.

Revenue was 8.372 + 7.803 + 8.626 + 7.379 = $32.18 Mil.
Gross Profit was 2.346 + 2.21 + 2.937 + 1.892 = $9.39 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(39.878 + 37.543 + 36.591 + 29.74 + 26.84) / 5 = $34.1184 Mil.
Total Assets at the begining of last year (Mar24) was $39.88 Mil.
Long-Term Debt & Capital Lease Obligation was $4.10 Mil.
Total Current Assets was $10.44 Mil.
Total Current Liabilities was $12.21 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.

Nanalysis Scientific's current Net Income (TTM) was -4.10. ==> 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.

Nanalysis Scientific's current Cash Flow from Operations (TTM) was 0.46. ==> Positive ==> Score 1.

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)
=-4.099/26.84
=-0.15271982

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-8.811/39.878
=-0.22094889

Nanalysis Scientific's return on assets of this year was -0.15271982. Nanalysis Scientific's return on assets of last year was -0.22094889. ==> 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.

Nanalysis Scientific's current Net Income (TTM) was -4.10. Nanalysis Scientific's current Cash Flow from Operations (TTM) was 0.46. ==> 0.46 > -4.10 ==> 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
=5.297/26.9008
=0.19690864

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=4.097/34.1184
=0.12008183

Nanalysis Scientific's gearing of this year was 0.19690864. Nanalysis Scientific's gearing of last year was 0.12008183. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=10.439/10.257
=1.01774398

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=10.438/12.206
=0.8551532

Nanalysis Scientific's current ratio of this year was 1.01774398. Nanalysis Scientific's current ratio of last year was 0.8551532. ==> 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.

Nanalysis Scientific's number of shares in issue this year was 136.884. Nanalysis Scientific's number of shares in issue last year was 113.224. ==> 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
=7.014/29.232
=0.23994253

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=9.385/32.18
=0.29164077

Nanalysis Scientific's gross margin of this year was 0.23994253. Nanalysis Scientific's gross margin of last year was 0.29164077. ==> 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)
=29.232/26.84
=1.08912072

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=32.18/39.878
=0.80696123

Nanalysis Scientific's asset turnover of this year was 1.08912072. Nanalysis Scientific's asset turnover of last year was 0.80696123. ==> 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+1+1+1+0+1+0+0+1
=5

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

Nanalysis Scientific has an F-score of 5 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 5 mean?
Nanalysis Scientific (NSCIF) has a Piotroski F-Score of 5 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Nanalysis Scientific and its competitors. This is 25% above median its historical median of 4.00. Over the past decade, Nanalysis Scientific's Piotroski F-Score has ranged from 1.00 to 6.00. According to the industry distribution chart, Nanalysis Scientific ranks #982 out of 2424 companies in the Hardware industry, placing it in the top 40.5%.
Is Nanalysis Scientific's Piotroski F-Score too high?
Nanalysis Scientific's current Piotroski F-Score of 5 is 25% above 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 6.00. The Hardware industry median Piotroski F-Score is 5.00. Nanalysis Scientific's value of 5 is 0% at this industry median. Based on the distribution chart, Nanalysis Scientific ranks #982 out of 2424 companies in the Hardware industry, which is above the industry midpoint. Overall, Nanalysis Scientific has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Nanalysis Scientific's Piotroski F-Score compare to COHR and KEYS?
According to the Hardware industry distribution chart, Nanalysis Scientific ranks #982 out of 2424 companies for Piotroski F-Score. This puts Nanalysis Scientific in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Nanalysis Scientific's value of 5 is 0% at this benchmark. Historically, Nanalysis Scientific'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 4.00 vs. the industry median of 5.00, Nanalysis Scientific 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,424 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. Nanalysis Scientific's current Piotroski F-Score of 5 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 Nanalysis Scientific and its competitors. For the Hardware 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. Nanalysis Scientific's current Piotroski F-Score is 5, which is 25% above 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 Nanalysis Scientific stock overvalued right now?
Based on GuruFocus' analysis, Nanalysis Scientific (NSCIF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.22, compared to a current price of $0.08 — trading 62.2% below its estimated fair value. The current Piotroski F-Score is 5, which is 25% above median its 10-year median of 4.00 and 0% at the Hardware industry median of 5.00. Nanalysis Scientific's overall GF Score™ is 53/100 with 4 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 Nanalysis Scientific (NSCIF), the current Piotroski F-Score is 5 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 Nanalysis Scientific (NSCIF) Overvalued in 2026?

Based on GuruFocus' analysis, Nanalysis Scientific stock appears to be undervalued. The current stock price of $0.08 is trading 62.2% below its estimated GF Value™ of $0.22. GuruFocus considers Nanalysis Scientific to be Possible Value Trap.

Key valuation signals for NSCIF:

  • Piotroski F-Score: 5 (25% above median its 10-year median of 4.00)
  • GF Value™: $0.22 vs. price of $0.08 (62.2% below fair value)
  • GF Score™: 53/100 with 4 warning signs
  • Industry Position: 0% at the Hardware median (#982 of 2424)

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


Nanalysis Scientific Business Description

Other Exchanges 1N1:GermanyNSCI:Canada
Address Bay 1, 4600 5th Street NE, Calgary, AB, CAN, T3J 5J9
Nanalysis Scientific Corp has two primary operating segments. Its first operating segment, Scientific Equipment, conducts scientific equipment manufacturing and sales, mainly as a patent-protected technology company that develops, manufactures, and sells magnetic resonance products for education, pharmaceutical, biotech, nutraceutical, chemical, food, materials, security, life science, and medical applications. Its second operating segment, Security Services, focuses on providing preventative and on-call maintenance services, as well as installation of detection and analysis equipment. The majority of this segment consists of servicing a Crown Corporation of the Government of Canada, maintaining imaging and security equipment at international airports across Canada.
53GF Score

Get the complete analysis for NSCIF

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

$0.08
Price
$0.22
GF Value