Quest Water GlobalQWTR Piotroski F-Score is 3 as of Jul. 09, 2026, which is at its 10-year median of 3.00. The stock has 2 warning signs investors should review. Among 2,975 Industrial Products companies, Quest Water Global ranks worse than 82.35% 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
Quest Water Global 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 Quest Water Global's Piotroski F-Score or its related term are showing as below:
QWTR'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 3 Max: 5
Current: 3
During the past 10 years, the highest Piotroski F-Score of Quest Water Global was 5. The lowest was 2. And the median was 3.
Quest Water Global (OTCPK:QWTR) 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.
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.
Quest Water Global Piotroski F-Score Related Terms
Quest Water Global Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Quest Water Global'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.
QWTR vs DEVSF, DNDDF, BNET: Piotroski F-Score Comparison
For the Pollution & Treatment Controls subindustry, Quest Water Global'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.
Quest Water Global Piotroski F-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Quest Water Global's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Quest Water Global's Piotroski F-Score falls into.
* 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.
*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.
Quest Water Global's current Net Income (TTM) was -0.78.
==> 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.
Quest Water Global's return on assets of this year was -155.6. Quest Water Global's return on assets of last year was -128.5.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Quest Water Global's gearing of this year was 0. Quest Water Global's gearing of last year was 0.
==> 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
Quest Water Global's current ratio of this year was 0.00199336. Quest Water Global's current ratio of last year was 0.00220946.
==> 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.
Quest Water Global's number of shares in issue this year was 131.903. Quest Water Global's number of shares in issue last year was 131.903.
==> 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.
Quest Water Global's gross margin of this year was . Quest Water Global'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
Quest Water Global's asset turnover of this year was 0. Quest Water Global's asset turnover of last year was 0.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Quest Water Global has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Quest Water Global (QWTR) has a Piotroski F-Score of 3 as of Jul. 09, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Quest Water Global and its competitors. This is near median its historical median of 3.00. Over the past decade, Quest Water Global's Piotroski F-Score has ranged from 2.00 to 5.00. According to the industry distribution chart, Quest Water Global ranks #2450 out of 2975 companies in the Industrial Products industry, placing it in the top 82.4%.
Is Quest Water Global's Piotroski F-Score too high?
Quest Water Global's 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 5.00. The Industrial Products industry median Piotroski F-Score is 5.00. Quest Water Global's value of 3 is 40% below this industry median. Based on the distribution chart, Quest Water Global ranks #2450 out of 2975 companies in the Industrial Products industry, which is in the bottom quartile relative to peers.
How does Quest Water Global's Piotroski F-Score compare to DEVSF and DNDDF?
According to the Industrial Products industry distribution chart, Quest Water Global ranks #2450 out of 2975 companies for Piotroski F-Score. This places Quest Water Global in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Quest Water Global's value of 3 is 40% below this benchmark. Historically, Quest Water Global's own Piotroski F-Score has ranged from 2.00 to 5.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Quest Water Global 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,975 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. Quest Water Global's current Piotroski F-Score of 3 is 40% 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 Quest Water Global 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. Quest Water Global'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 Quest Water Global stock overvalued right now?
Quest Water Global (QWTR) 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 40% below the Industrial Products 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 Quest Water Global (QWTR), the current Piotroski F-Score is 3 as of Jul. 09, 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.
Quest Water Global Inc is engaged in the pollution and treatment controls business sector. The company provides various solutions to water-scarce regions. The Company has only one operating segment which is the construction and distribution of water equipment that provides drinking water to areas of the world where water and/or infrastructure is scarce. The company's product portfolio consists of AQUAtap, which is a self-contained, solar-powered, decentralized water purification and distribution system, and WEPS (Water Extraction and Purification Systems), which provide water-scarce regions with an alternate, sustainable, pure source of water, AQUAguard, AQUAcube, AquaTap, and others.
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