PVARF (Porvair) Piotroski F-Score: 7 (As of Jun. 30, 2026) — 17% Above Median


PVARF Porvair PLC PVARF
96 GF Score
Price $10.85
GF Value $10.14
Valuation Fairly Valued
! 2 Warning Signs
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What is Porvair Piotroski F-Score?

Porvair PVARF 96 Piotroski F-Score is 7 as of Jun. 30, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates PVARF with a GF Score™ of 96/100 and a GF Value™ of $10.14 (Fairly Valued). The stock has 2 warning signs investors should review. Among 2,971 Industrial Products companies, Porvair ranks better than 90.74% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Porvair has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

PVARF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Porvair was 9. The lowest was 3. And the median was 6.

Porvair  (OTCPK:PVARF) 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.


Porvair Piotroski F-Score Related Terms


Porvair Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Porvair'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.

Porvair Piotroski F-Score Chart

Porvair Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 9.00 5.00 4.00 7.00

Porvair Semi-Annual Data
Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25 May26
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 0.00 4.00 0.00 7.00 0.00

PVARF vs VLTO, ZWS, CECO: Piotroski F-Score Comparison

For the Pollution & Treatment Controls subindustry, Porvair'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.


Porvair Piotroski F-Score vs Industrial Products Industry

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

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


PVARF
96GF Score
Porvair PLC PVARF
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 (Nov25) TTM:Last Year (Nov24) TTM:
Net Income was $23.8 Mil.
Cash Flow from Operations was $31.3 Mil.
Revenue was $254.9 Mil.
Gross Profit was $90.2 Mil.
Average Total Assets from the begining of this year (Nov24)
to the end of this year (Nov25) was (274.032 + 293.787) / 2 = $283.9095 Mil.
Total Assets at the begining of this year (Nov24) was $274.0 Mil.
Long-Term Debt & Capital Lease Obligation was $15.8 Mil.
Total Current Assets was $117.7 Mil.
Total Current Liabilities was $46.3 Mil.
Net Income was $21.0 Mil.

Revenue was $245.4 Mil.
Gross Profit was $82.9 Mil.
Average Total Assets from the begining of last year (Nov23)
to the end of last year (Nov24) was (243.868 + 274.032) / 2 = $258.95 Mil.
Total Assets at the begining of last year (Nov23) was $243.9 Mil.
Long-Term Debt & Capital Lease Obligation was $19.1 Mil.
Total Current Assets was $101.2 Mil.
Total Current Liabilities was $47.0 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.

Porvair's current Net Income (TTM) was 23.8. ==> Positive ==> Score 1.

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.

Porvair's current Cash Flow from Operations (TTM) was 31.3. ==> 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 (Nov24)
=23.849/274.032
=0.08702998

ROA (Last Year)=Net Income/Total Assets (Nov23)
=20.992/243.868
=0.08607935

Porvair's return on assets of this year was 0.08702998. Porvair's return on assets of last year was 0.08607935. ==> 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.

Porvair's current Net Income (TTM) was 23.8. Porvair's current Cash Flow from Operations (TTM) was 31.3. ==> 31.3 > 23.8 ==> 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: Nov25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov24 to Nov25
=15.75/283.9095
=0.05547542

Gearing (Last Year: Nov24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov23 to Nov24
=19.069/258.95
=0.0736397

Porvair's gearing of this year was 0.05547542. Porvair's gearing of last year was 0.0736397. ==> 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: Nov25)=Total Current Assets/Total Current Liabilities
=117.674/46.264
=2.54353277

Current Ratio (Last Year: Nov24)=Total Current Assets/Total Current Liabilities
=101.247/46.955
=2.15625599

Porvair's current ratio of this year was 2.54353277. Porvair's current ratio of last year was 2.15625599. ==> 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.

Porvair's number of shares in issue this year was 46.164. Porvair's number of shares in issue last year was 46.05. ==> 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
=90.219/254.898
=0.35394158

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=82.936/245.4
=0.33796251

Porvair's gross margin of this year was 0.35394158. Porvair's gross margin of last year was 0.33796251. ==> This year's gross margin is higher. ==> Score 1.

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 (Nov24)
=254.898/274.032
=0.93017604

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Nov23)
=245.4/243.868
=1.00628209

Porvair's asset turnover of this year was 0.93017604. Porvair's asset turnover of last year was 1.00628209. ==> 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
=1+1+1+1+1+1+0+1+0
=7

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

Porvair has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Porvair (PVARF) has a Piotroski F-Score of 7 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Porvair and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Porvair's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Porvair ranks #275 out of 2971 companies in the Industrial Products industry, placing it in the top 9.3%.
Is Porvair's Piotroski F-Score too high?
Porvair's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Industrial Products industry median Piotroski F-Score is 5.00. Porvair's value of 7 is 40% above this industry median. Based on the distribution chart, Porvair ranks #275 out of 2971 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Porvair has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Porvair's Piotroski F-Score compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Porvair ranks #275 out of 2971 companies for Piotroski F-Score. This places Porvair in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Porvair's value of 7 is 40% above this benchmark. Historically, Porvair's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Porvair has consistently been above 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 2,971 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. Porvair's current Piotroski F-Score of 7 is 40% above 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 Porvair 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. Porvair's current Piotroski F-Score is 7, which is 17% above median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Porvair stock overvalued right now?
Based on GuruFocus' analysis, Porvair (PVARF) is currently considered Fairly Valued. The stock's GF Value™ is $10.14, compared to a current price of $10.85 — trading 7% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Industrial Products industry median of 5.00. Porvair's overall GF Score™ is 96/100 with 2 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 Porvair (PVARF), the current Piotroski F-Score is 7 as of Jun. 30, 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 Porvair (PVARF) Overvalued in 2026?

Based on GuruFocus' analysis, Porvair stock appears to be overvalued. The current stock price of $10.85 is trading 7% above its estimated GF Value™ of $10.14. GuruFocus considers Porvair to be Fairly Valued.

Key valuation signals for PVARF:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: $10.14 vs. price of $10.85 (7% above fair value)
  • GF Score™: 96/100 with 2 warning signs
  • Industry Position: 40% above the Industrial Products median (#275 of 2971)

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


Porvair Business Description

Other Exchanges PRVl:UKPRV:UK
Address 7 Regis Place, Bergen Way, King\'s Lynn, Norfolk, GBR, PE30 2JN
Porvair PLC is an environmental treatment control company. It develops filtration solutions to be used by various types of industries. The company caters to its clients through three divisions: Aerospace and Industrial, Laboratory, and Metal Melt Quality. The Aerospace and Industrial Division is a key revenue generator, principally serving the aviation, energy, and industrial markets. Laboratory Division principally serving the bioscience and environmental laboratory instrument and consumables market. Metal Melt Quality Division principally serves the world aluminium, North American Free Trade Agreement (NAFTA), iron foundry, and superalloys markets. The company generates the majority of its manufacturing revenue from sales in the United States.
96GF Score

Get the complete analysis for PVARF

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

$10.85
Price
$10.14
GF Value