PTEFF (Pioneering Technology) Piotroski F-Score: 4 (As of Jun. 26, 2026) — 20% Below Median


What is Pioneering Technology Piotroski F-Score?

Pioneering Technology PTEFF Piotroski F-Score is 4 as of Jun. 26, 2026, which is 20% below its 10-year median of 5.00. The stock has 3 warning signs investors should review. Among 1,063 Business Services companies, Pioneering Technology ranks worse than 69.43% 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

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

PTEFF' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 4

During the past 13 years, the highest Piotroski F-Score of Pioneering Technology was 7. The lowest was 2. And the median was 5.

Pioneering Technology  (OTCPK:PTEFF) 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.


Pioneering Technology Piotroski F-Score Related Terms


Pioneering Technology Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Pioneering Technology'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.

Pioneering Technology Piotroski F-Score Chart

Pioneering Technology Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 5.00 4.00 6.00 6.00

Pioneering Technology 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 6.00 6.00 4.00 4.00

PTEFF vs ALLE, MSA, ADT: Piotroski F-Score Comparison

For the Security & Protection Services subindustry, Pioneering Technology'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.


Pioneering Technology Piotroski F-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Pioneering Technology's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Pioneering Technology'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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was -0.064 + -0.188 + -0.121 + -0.077 = $-0.45 Mil.
Cash Flow from Operations was 0.189 + -0.159 + -0.057 + 0.011 = $-0.02 Mil.
Revenue was 0.615 + 0.463 + 0.334 + 0.412 = $1.82 Mil.
Gross Profit was 0.297 + 0.211 + 0.161 + 0.195 = $0.86 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2.345 + 2.054 + 2.121 + 1.803 + 1.676) / 5 = $1.9998 Mil.
Total Assets at the begining of this year (Mar25) was $2.35 Mil.
Long-Term Debt & Capital Lease Obligation was $0.23 Mil.
Total Current Assets was $1.17 Mil.
Total Current Liabilities was $0.74 Mil.
Net Income was -0.096 + -0.193 + -0.018 + -0.182 = $-0.49 Mil.

Revenue was 0.649 + 0.498 + 0.5 + 0.284 = $1.93 Mil.
Gross Profit was 0.282 + 0.233 + 0.261 + 0.166 = $0.94 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2.974 + 2.9 + 2.608 + 2.894 + 2.345) / 5 = $2.7442 Mil.
Total Assets at the begining of last year (Mar24) was $2.97 Mil.
Long-Term Debt & Capital Lease Obligation was $0.40 Mil.
Total Current Assets was $1.59 Mil.
Total Current Liabilities was $0.71 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.

Pioneering Technology's current Net Income (TTM) was -0.45. ==> 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.

Pioneering Technology's current Cash Flow from Operations (TTM) was -0.02. ==> 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)
=-0.45/2.345
=-0.19189765

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-0.489/2.974
=-0.16442502

Pioneering Technology's return on assets of this year was -0.19189765. Pioneering Technology's return on assets of last year was -0.16442502. ==> Last year is higher ==> Score 0.

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.

Pioneering Technology's current Net Income (TTM) was -0.45. Pioneering Technology's current Cash Flow from Operations (TTM) was -0.02. ==> -0.02 > -0.45 ==> 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
=0.225/1.9998
=0.11251125

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0.4/2.7442
=0.14576197

Pioneering Technology's gearing of this year was 0.11251125. Pioneering Technology's gearing of last year was 0.14576197. ==> 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
=1.168/0.741
=1.57624831

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1.59/0.714
=2.22689076

Pioneering Technology's current ratio of this year was 1.57624831. Pioneering Technology's current ratio of last year was 2.22689076. ==> 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.

Pioneering Technology's number of shares in issue this year was 56.042. Pioneering Technology's number of shares in issue last year was 56.042. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

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
=0.864/1.824
=0.47368421

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0.942/1.931
=0.48783014

Pioneering Technology's gross margin of this year was 0.47368421. Pioneering Technology's gross margin of last year was 0.48783014. ==> 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)
=1.824/2.345
=0.77782516

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1.931/2.974
=0.64929388

Pioneering Technology's asset turnover of this year was 0.77782516. Pioneering Technology's asset turnover of last year was 0.64929388. ==> 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+0+1+1+0+1+0+1
=4

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

Pioneering Technology 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?
Pioneering Technology (PTEFF) has a Piotroski F-Score of 4 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Pioneering Technology and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Pioneering Technology's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Pioneering Technology ranks #738 out of 1063 companies in the Business Services industry, placing it in the top 69.4%.
Is Pioneering Technology's Piotroski F-Score too high?
Pioneering Technology's current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Business Services industry median Piotroski F-Score is 5.00. Pioneering Technology's value of 4 is 20% below this industry median. Based on the distribution chart, Pioneering Technology ranks #738 out of 1063 companies in the Business Services industry, which is below the industry midpoint.
How does Pioneering Technology's Piotroski F-Score compare to ALLE and MSA?
According to the Business Services industry distribution chart, Pioneering Technology ranks #738 out of 1063 companies for Piotroski F-Score. This places Pioneering Technology in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Pioneering Technology's value of 4 is 20% below this benchmark. Historically, Pioneering Technology's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Pioneering Technology 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,063 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. Pioneering Technology'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 Pioneering Technology and its competitors. For the Business Services 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. Pioneering Technology's current Piotroski F-Score is 4, which is 20% below median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pioneering Technology stock overvalued right now?
Pioneering Technology (PTEFF) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Business Services 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 Pioneering Technology (PTEFF), the current Piotroski F-Score is 4 as of Jun. 26, 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.

Pioneering Technology Business Description

Other Exchanges PTE:Canada
Address 2785 Skymark Avenue, Unit 13, Mississauga, ON, CAN, L4W 4Y3
Pioneering Technology Corp is a Canadian energy smart technology and consumer products company focused on developing thermo-based technology solutions for opportunities that exist to improve the safety and/or energy efficiency of some of the common household products and appliances. It offers products that provide effective cooking fire prevention solutions for both the residential and commercial markets. Its product portfolio includes Smart Burner, Smart Range, Smart Micro, SmartBurner Polish, Standard Ring Replacement Set, and Low Profile Ring Replacement Set. Geographically, the company operates in the United States and Canada, of which the maximum revenue is generated from the United States.