ORKA (Oruka Therapeutics) Piotroski F-Score: 2 (As of Jul. 27, 2026) — Near Median

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ORKA Oruka Therapeutics Inc ORKA
14 GF Score
Price $92.15
! 3 Warning Signs
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What is Oruka Therapeutics Piotroski F-Score?

Oruka Therapeutics ORKA +0.29% 14 Piotroski F-Score is 2 as of Jul. 27, 2026, which is at its 10-year median of 2.00. GuruFocus rates ORKA with a GF Score™ of 14/100. The stock has 3 warning signs investors should review. Among 1,331 Biotechnology companies, Oruka Therapeutics ranks worse than 72.95% on this metric.

Warning Sign:

Piotroski F-Score of 2 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Oruka Therapeutics has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

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

ORKA' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 2   Max: 2
Current: 2

During the past 2 years, the highest Piotroski F-Score of Oruka Therapeutics was 2. The lowest was 2. And the median was 2.

Oruka Therapeutics  (NAS:ORKA) 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.


Oruka Therapeutics Piotroski F-Score Related Terms


Oruka Therapeutics Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Oruka 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.

Oruka Therapeutics Piotroski F-Score Chart

Oruka Therapeutics Annual Data
Trend Dec24 Dec25
Piotroski F-Score
N/A N/A

Oruka Therapeutics Quarterly Data
Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only N/A N/A N/A N/A 2.00

ORKA vs DNTH, SRRK, DFTX: Piotroski F-Score Comparison

For the Biotechnology subindustry, Oruka 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.


Oruka Therapeutics Piotroski F-Score vs Biotechnology Industry

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

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


ORKA
14GF Score
Oruka Therapeutics Inc ORKA
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 -24.574 + -30.277 + -29.583 + -31.82 = $-116.25 Mil.
Cash Flow from Operations was -23.145 + -21.602 + -22.594 + -23.578 = $-90.92 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(377.112 + 357.418 + 509.251 + 488.617 + 504.48) / 5 = $447.3756 Mil.
Total Assets at the begining of this year (Mar25) was $377.11 Mil.
Long-Term Debt & Capital Lease Obligation was $1.13 Mil.
Total Current Assets was $395.25 Mil.
Total Current Liabilities was $16.63 Mil.
Net Income was -22.243 + -28.623 + 0 + -20.999 = $-71.87 Mil.

Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(28.231 + 0 + 414.09 + 396.019 + 377.112) / 5 = $303.863 Mil.
Total Assets at the begining of last year (Mar24) was $28.23 Mil.
Long-Term Debt & Capital Lease Obligation was $0.66 Mil.
Total Current Assets was $352.08 Mil.
Total Current Liabilities was $11.72 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.

Oruka Therapeutics's current Net Income (TTM) was -116.25. ==> 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.

Oruka Therapeutics's current Cash Flow from Operations (TTM) was -90.92. ==> 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)
=-116.254/377.112
=-0.30827446

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-71.865/28.231
=-2.54560589

Oruka Therapeutics's return on assets of this year was -0.30827446. Oruka Therapeutics's return on assets of last year was -2.54560589. ==> 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.

Oruka Therapeutics's current Net Income (TTM) was -116.25. Oruka Therapeutics's current Cash Flow from Operations (TTM) was -90.92. ==> -90.92 > -116.25 ==> 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
=1.127/447.3756
=0.00251914

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0.664/303.863
=0.0021852

Oruka Therapeutics's gearing of this year was 0.00251914. Oruka Therapeutics's gearing of last year was 0.0021852. ==> 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
=395.249/16.633
=23.76294114

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=352.083/11.723
=30.03352384

Oruka Therapeutics's current ratio of this year was 23.76294114. Oruka Therapeutics's current ratio of last year was 30.03352384. ==> 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.

Oruka Therapeutics's number of shares in issue this year was 55.31. Oruka Therapeutics's number of shares in issue last year was 41.817. ==> 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
=0/0
=

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0/0
=

Oruka Therapeutics's gross margin of this year was . Oruka Therapeutics's gross margin of last year was . ==> 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)
=0/377.112
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=0/28.231
=0

Oruka Therapeutics's asset turnover of this year was 0. Oruka Therapeutics's asset turnover of last year was 0. ==> 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+1+1+0+0+0+0+0
=2

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

Oruka Therapeutics has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 2 mean?
Oruka Therapeutics (ORKA) has a Piotroski F-Score of 2 as of Jul. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Oruka Therapeutics and its competitors. This is near median its historical median of 2.00. Over the past decade, Oruka Therapeutics' Piotroski F-Score has ranged from 2.00 to 2.00. According to the industry distribution chart, Oruka Therapeutics ranks #971 out of 1331 companies in the Biotechnology industry, placing it in the top 73%.
Is Oruka Therapeutics' Piotroski F-Score too high?
Oruka Therapeutics' current Piotroski F-Score of 2 is near median its 10-year median of 2.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 2.00. The Biotechnology industry median Piotroski F-Score is 3.00. Oruka Therapeutics' value of 2 is 33.3% below this industry median. Based on the distribution chart, Oruka Therapeutics ranks #971 out of 1331 companies in the Biotechnology industry, which is below the industry midpoint. Overall, Oruka Therapeutics has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Oruka Therapeutics' Piotroski F-Score compare to DNTH and SRRK?
According to the Biotechnology industry distribution chart, Oruka Therapeutics ranks #971 out of 1331 companies for Piotroski F-Score. This places Oruka Therapeutics in the lower half of its industry. The industry median Piotroski F-Score is 3.00. Oruka Therapeutics' value of 2 is 33.3% below this benchmark. Historically, Oruka Therapeutics' own Piotroski F-Score has ranged from 2.00 to 2.00 over the past decade. While the company's 10-year median is 2.00 vs. the industry median of 3.00, Oruka Therapeutics 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 Biotechnology company?
The median Piotroski F-Score among Biotechnology companies is 3.00, based on 1,331 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. Oruka Therapeutics's current Piotroski F-Score of 2 is 33.3% 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 Oruka 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. Oruka Therapeutics's current Piotroski F-Score is 2, which is near median its own 10-year median of 2.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oruka Therapeutics stock overvalued right now?
Oruka Therapeutics (ORKA) has a current Piotroski F-Score of 2. The current Piotroski F-Score is 2, which is near median its 10-year median of 2.00 and 33.3% below the Biotechnology industry median of 3.00. Oruka Therapeutics' overall GF Score™ is 14/100 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 Oruka Therapeutics (ORKA), the current Piotroski F-Score is 2 as of Jul. 27, 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.

Oruka Therapeutics Business Description

Other Exchanges HQ1:Germany
Address 855 Oak Grove Avenue, Suite 100, Menlo Park, CA, USA, 94025
Oruka Therapeutics Inc a clinical-stage biopharmaceutical company focused on developing novel monoclonal antibody therapeutics for psoriasis (PsO) and other inflammatory and immunology (I&I) indications. Its programs are to treat and potentially modify disease by targeting mechanisms with efficacy and safety involved in disease pathology and the activity of pathogenic tissue-resident memory T cells (TRMs). Its program, ORKA-001, is designed to target the p19 subunit of interleukin-23 (IL-23p19) for the treatment of PsO. Its co-lead program, ORKA-002, is designed to target interleukin-17A and interleukin-17F (IL-17A/F) for the treatment of PsO, hidradenitis suppurativa (HS), psoriatic arthritis (PsA), and other conditions.
14GF Score

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