PDYN (Palladyne AI) Piotroski F-Score: 2 (As of Jun. 25, 2026) — 33% Below Median


PDYN Palladyne AI Corp PDYN
58 GF Score
Price $5.83
GF Value $1.59
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Palladyne AI Piotroski F-Score?

Palladyne AI PDYN -2.51% 58 Piotroski F-Score is 2 as of Jun. 25, 2026, which is 33% below its 10-year median of 3.00. GuruFocus rates PDYN with a GF Score™ of 58/100 and a GF Value™ of $1.59 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,742 Software companies, Palladyne AI ranks worse than 92.71% 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

Palladyne AI 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 Palladyne AI's Piotroski F-Score or its related term are showing as below:

PDYN' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 5
Current: 2

During the past 6 years, the highest Piotroski F-Score of Palladyne AI was 5. The lowest was 1. And the median was 3.

Palladyne AI  (NAS:PDYN) 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.


Palladyne AI Piotroski F-Score Related Terms


Palladyne AI Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Palladyne AI'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.

Palladyne AI Piotroski F-Score Chart

Palladyne AI Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A 2.00 1.00 4.00 3.00

Palladyne AI 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 4.00 4.00 5.00 3.00 2.00

PDYN vs ALLT, IIIV, PSFE: Piotroski F-Score Comparison

For the Software - Infrastructure subindustry, Palladyne AI'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.


Palladyne AI Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, Palladyne AI's Piotroski F-Score distribution charts can be found below:

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


PDYN
58GF Score
Palladyne AI Corp PDYN
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 -7.487 + -3.74 + -1.493 + -12.608 = $-25.33 Mil.
Cash Flow from Operations was -5.326 + -6.29 + -8.505 + -10.239 = $-30.36 Mil.
Revenue was 1.015 + 0.86 + 1.661 + 3.538 = $7.07 Mil.
Gross Profit was 0.541 + 0.399 + 0.259 + 1.065 = $2.26 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(63.301 + 78.309 + 72.929 + 95.712 + 92.552) / 5 = $80.5606 Mil.
Total Assets at the begining of this year (Mar25) was $63.30 Mil.
Long-Term Debt & Capital Lease Obligation was $9.45 Mil.
Total Current Assets was $50.35 Mil.
Total Current Liabilities was $6.42 Mil.
Net Income was -5.323 + -7.096 + -52.969 + 22.759 = $-42.63 Mil.

Revenue was 2.713 + 0.871 + 0.761 + 1.71 = $6.06 Mil.
Gross Profit was 2.144 + 0.392 + 0.207 + 1.357 = $4.10 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(50.402 + 45.114 + 38.738 + 56.253 + 63.301) / 5 = $50.7616 Mil.
Total Assets at the begining of last year (Mar24) was $50.40 Mil.
Long-Term Debt & Capital Lease Obligation was $9.72 Mil.
Total Current Assets was $50.26 Mil.
Total Current Liabilities was $3.14 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.

Palladyne AI's current Net Income (TTM) was -25.33. ==> 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.

Palladyne AI's current Cash Flow from Operations (TTM) was -30.36. ==> 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)
=-25.328/63.301
=-0.40012006

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-42.629/50.402
=-0.84577993

Palladyne AI's return on assets of this year was -0.40012006. Palladyne AI's return on assets of last year was -0.84577993. ==> 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.

Palladyne AI's current Net Income (TTM) was -25.33. Palladyne AI's current Cash Flow from Operations (TTM) was -30.36. ==> -30.36 <= -25.33 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=9.446/80.5606
=0.11725335

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=9.718/50.7616
=0.19144393

Palladyne AI's gearing of this year was 0.11725335. Palladyne AI's gearing of last year was 0.19144393. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=50.349/6.417
=7.84618981

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=50.262/3.136
=16.02742347

Palladyne AI's current ratio of this year was 7.84618981. Palladyne AI's current ratio of last year was 16.02742347. ==> 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.

Palladyne AI's number of shares in issue this year was 45.07. Palladyne AI's number of shares in issue last year was 41.068. ==> 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
=2.264/7.074
=0.32004524

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4.1/6.055
=0.67712634

Palladyne AI's gross margin of this year was 0.32004524. Palladyne AI's gross margin of last year was 0.67712634. ==> 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)
=7.074/63.301
=0.11175179

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=6.055/50.402
=0.12013412

Palladyne AI's asset turnover of this year was 0.11175179. Palladyne AI's asset turnover of last year was 0.12013412. ==> 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+0+1+0+0+0+0
=2

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

Palladyne AI 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?
Palladyne AI (PDYN) has a Piotroski F-Score of 2 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Palladyne AI and its competitors. This is 33% below median its historical median of 3.00. Over the past decade, Palladyne AI's Piotroski F-Score has ranged from 1.00 to 5.00. According to the industry distribution chart, Palladyne AI ranks #2542 out of 2742 companies in the Software industry, placing it in the top 92.7%.
Is Palladyne AI's Piotroski F-Score too high?
Palladyne AI's current Piotroski F-Score of 2 is 33% below 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 Software industry median Piotroski F-Score is 5.00. Palladyne AI's value of 2 is 60% below this industry median. Based on the distribution chart, Palladyne AI ranks #2542 out of 2742 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Palladyne AI has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Palladyne AI's Piotroski F-Score compare to ALLT and IIIV?
According to the Software industry distribution chart, Palladyne AI ranks #2542 out of 2742 companies for Piotroski F-Score. This places Palladyne AI in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Palladyne AI's value of 2 is 60% below this benchmark. Historically, Palladyne AI'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, Palladyne AI 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,742 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. Palladyne AI's current Piotroski F-Score of 2 is 60% 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 Palladyne AI and its competitors. For the Software 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. Palladyne AI's current Piotroski F-Score is 2, which is 33% below 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 Palladyne AI stock overvalued right now?
Based on GuruFocus' analysis, Palladyne AI (PDYN) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.59, compared to a current price of $5.83 — trading 266.7% above its estimated fair value. The current Piotroski F-Score is 2, which is 33% below median its 10-year median of 3.00 and 60% below the Software industry median of 5.00. Palladyne AI's overall GF Score™ is 58/100 with 7 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 Palladyne AI (PDYN), the current Piotroski F-Score is 2 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 Palladyne AI (PDYN) Overvalued in 2026?

Based on GuruFocus' analysis, Palladyne AI stock appears to be overvalued. The current stock price of $5.83 is trading 266.7% above its estimated GF Value™ of $1.59. GuruFocus considers Palladyne AI to be Significantly Overvalued.

Key valuation signals for PDYN:

  • Piotroski F-Score: 2 (33% below median its 10-year median of 3.00)
  • GF Value™: $1.59 vs. price of $5.83 (266.7% above fair value)
  • GF Score™: 58/100 with 7 warning signs
  • Industry Position: 60% below the Software median (#2542 of 2742)

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


Palladyne AI Business Description

Address 650 South 500 West, Suite 150, Salt Lake City, UT, USA, 84101
Palladyne AI Corp is a software company focused on autonomy for robotic systems and solutions. Its artificial intelligence and machine learning software seeks to revolutionize the capabilities of robots, enabling them to observe, learn, reason, and act in structured and unstructured environments. AI and ML software platform of the company empowers robots to perceive variations or changes in the real-world environment, enabling them to autonomously maneuver and manipulate objects accurately in response. Palladyne AI software has wide application, including in industries such as automotive, aviation, construction, defense, general manufacturing, infrastructure inspection, logistics and warehousing.
58GF Score

Get the complete analysis for PDYN

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

$5.83
Price
$1.59
GF Value