PVLA (Palvella Therapeutics) Piotroski F-Score: 3 (As of Jul. 25, 2026) — Near Median

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PVLA Palvella Therapeutics Inc PVLA
14 GF Score
Price $137.66
! 2 Warning Signs
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What is Palvella Therapeutics Piotroski F-Score?

Palvella Therapeutics PVLA -3.45% 14 Piotroski F-Score is 3 as of Jul. 25, 2026, which is at its 10-year median of 3.00. GuruFocus rates PVLA with a GF Score™ of 14/100. The stock has 2 warning signs investors should review. Among 1,333 Biotechnology companies, Palvella Therapeutics ranks better than 54.84% on this metric.

Warning Sign:

Piotroski F-Score of 3 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

Palvella Therapeutics has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

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

During the past 4 years, the highest Piotroski F-Score of Palvella Therapeutics was 3. The lowest was 2. And the median was 3.

Palvella Therapeutics  (NAS:PVLA) 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.


Palvella Therapeutics Piotroski F-Score Related Terms


Palvella Therapeutics Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Palvella 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.

Palvella Therapeutics Piotroski F-Score Chart

Palvella Therapeutics Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A N/A 2.00

Palvella Therapeutics Quarterly Data
Dec22 Mar23 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 N/A N/A N/A 2.00 3.00

PVLA vs GENB, NKTR, SLBT: Piotroski F-Score Comparison

For the Biotechnology subindustry, Palvella 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.


Palvella Therapeutics Piotroski F-Score vs Biotechnology Industry

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

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


PVLA
14GF Score
Palvella Therapeutics Inc PVLA
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 -9.471 + -11.345 + -12.714 + -15.767 = $-49.30 Mil.
Cash Flow from Operations was -5.434 + -7.878 + -4.926 + -10.864 = $-29.10 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
(79.439 + 73.747 + 66.937 + 59.559 + 263.759) / 5 = $108.6882 Mil.
Total Assets at the begining of this year (Mar25) was $79.44 Mil.
Long-Term Debt & Capital Lease Obligation was $0.38 Mil.
Total Current Assets was $263.23 Mil.
Total Current Liabilities was $9.12 Mil.
Net Income was -4.172 + -6.775 + -3.951 + -8.185 = $-23.08 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
(6.392 + 0 + 0 + 88.234 + 79.439) / 5 = $58.02166667 Mil.
Total Assets at the begining of last year (Mar24) was $6.39 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $79.44 Mil.
Total Current Liabilities was $8.98 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.

Palvella Therapeutics's current Net Income (TTM) was -49.30. ==> 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.

Palvella Therapeutics's current Cash Flow from Operations (TTM) was -29.10. ==> 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)
=-49.297/79.439
=-0.62056421

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-23.083/6.392
=-3.61123279

Palvella Therapeutics's return on assets of this year was -0.62056421. Palvella Therapeutics's return on assets of last year was -3.61123279. ==> 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.

Palvella Therapeutics's current Net Income (TTM) was -49.30. Palvella Therapeutics's current Cash Flow from Operations (TTM) was -29.10. ==> -29.10 > -49.30 ==> 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
=0.375/108.6882
=0.00345024

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/58.02166667
=0

Palvella Therapeutics's gearing of this year was 0.00345024. Palvella Therapeutics's gearing of last year was 0. ==> 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
=263.231/9.115
=28.87888097

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=79.439/8.983
=8.84325949

Palvella Therapeutics's current ratio of this year was 28.87888097. Palvella Therapeutics's current ratio of last year was 8.84325949. ==> 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.

Palvella Therapeutics's number of shares in issue this year was 13.085. Palvella Therapeutics's number of shares in issue last year was 11.014. ==> 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
=

Palvella Therapeutics's gross margin of this year was . Palvella 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)
=0/79.439
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=0/6.392
=0

Palvella Therapeutics's asset turnover of this year was 0. Palvella 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+1+0+0+0
=3

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

Palvella Therapeutics has an F-score of 3. 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 3 mean?
Palvella Therapeutics (PVLA) has a Piotroski F-Score of 3 as of Jul. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Palvella Therapeutics and its competitors. This is near median its historical median of 3.00. Over the past decade, Palvella Therapeutics' Piotroski F-Score has ranged from 2.00 to 3.00. According to the industry distribution chart, Palvella Therapeutics ranks #602 out of 1333 companies in the Biotechnology industry, placing it in the top 45.2%.
Is Palvella Therapeutics' Piotroski F-Score too high?
Palvella Therapeutics' current Piotroski F-Score of 3 is near median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 3.00. The Biotechnology industry median Piotroski F-Score is 3.00. Palvella Therapeutics' value of 3 is 0% at this industry median. Based on the distribution chart, Palvella Therapeutics ranks #602 out of 1333 companies in the Biotechnology industry, which is above the industry midpoint. Overall, Palvella Therapeutics has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Palvella Therapeutics' Piotroski F-Score compare to GENB and NKTR?
According to the Biotechnology industry distribution chart, Palvella Therapeutics ranks #602 out of 1333 companies for Piotroski F-Score. This puts Palvella Therapeutics in the upper half of its industry. The industry median Piotroski F-Score is 3.00. Palvella Therapeutics' value of 3 is 0% at this benchmark. Historically, Palvella Therapeutics' own Piotroski F-Score has ranged from 2.00 to 3.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 3.00, Palvella Therapeutics 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 Biotechnology company?
The median Piotroski F-Score among Biotechnology companies is 3.00, based on 1,333 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. Palvella Therapeutics's current Piotroski F-Score of 3 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 Palvella 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. Palvella Therapeutics's current Piotroski F-Score is 3, which is near 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 Palvella Therapeutics stock overvalued right now?
Palvella Therapeutics (PVLA) has a current Piotroski F-Score of 3. The current Piotroski F-Score is 3, which is near median its 10-year median of 3.00 and 0% at the Biotechnology industry median of 3.00. Palvella Therapeutics' overall GF Score™ is 14/100 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 Palvella Therapeutics (PVLA), the current Piotroski F-Score is 3 as of Jul. 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.

Palvella Therapeutics Business Description

Other Exchanges PI6:Germany
Address 353 W. Lancaster Avenue, Suite 200, Wayne, PA, USA, 19087
Palvella Therapeutics Inc is a clinical-stage biopharmaceutical company whose vision is to become the rare disease biopharmaceutical company focused on developing and commercializing novel therapies to treat patients suffering from serious, rare skin diseases and vascular malformations for which there are no FDA-approved therapies. Its product candidate, QTORIN 3.9% rapamycin anhydrous gel, is currently in clinical development for microcystic lymphatic malformations and cutaneous venous malformations. It operates in single segment.
14GF Score

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