Seer (SEER) Piotroski F-Score: 4 (As of Jul. 06, 2026) — Near Median


SEER Seer Inc SEER
53 GF Score
Price $1.62
GF Value $2.20
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Seer Piotroski F-Score?

Seer SEER -0.61% 53 Piotroski F-Score is 4 as of Jul. 06, 2026, which is at its 10-year median of 4.00. GuruFocus rates SEER with a GF Score™ of 53/100 and a GF Value™ of $2.20 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,332 Biotechnology companies, Seer ranks better than 74.1% 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

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

SEER' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 6
Current: 4

During the past 8 years, the highest Piotroski F-Score of Seer was 6. The lowest was 2. And the median was 4.

Seer  (NAS:SEER) 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.


Seer Piotroski F-Score Related Terms


Seer Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Seer'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.

Seer Piotroski F-Score Chart

Seer Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 4.00 3.00 3.00 4.00 4.00

Seer 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 5.00 4.00 4.00 4.00

SEER vs CSBR, RLYB, FBIO: Piotroski F-Score Comparison

For the Biotechnology subindustry, Seer'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.


Seer Piotroski F-Score vs Biotechnology Industry

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

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


SEER
53GF Score
Seer Inc SEER
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 -19.424 + -18.234 + -15.994 + -16.837 = $-70.49 Mil.
Cash Flow from Operations was -14.658 + -7.566 + -10.807 + -15.435 = $-48.47 Mil.
Revenue was 3.932 + 3.969 + 4.073 + 2.706 = $14.68 Mil.
Gross Profit was 1.992 + 1.958 + 2.055 + 0.895 = $6.90 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(347.261 + 322.487 + 308.608 + 296.083 + 272.132) / 5 = $309.3142 Mil.
Total Assets at the begining of this year (Mar25) was $347.26 Mil.
Long-Term Debt & Capital Lease Obligation was $20.38 Mil.
Total Current Assets was $181.59 Mil.
Total Current Liabilities was $10.24 Mil.
Net Income was -22.85 + -21.328 + -21.742 + -19.948 = $-85.87 Mil.

Revenue was 3.026 + 3.942 + 3.949 + 4.145 = $15.06 Mil.
Gross Profit was 1.685 + 1.848 + 1.974 + 2.001 = $7.51 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(421.962 + 406.611 + 383.424 + 366.597 + 347.261) / 5 = $385.171 Mil.
Total Assets at the begining of last year (Mar24) was $421.96 Mil.
Long-Term Debt & Capital Lease Obligation was $23.03 Mil.
Total Current Assets was $255.27 Mil.
Total Current Liabilities was $13.20 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.

Seer's current Net Income (TTM) was -70.49. ==> 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.

Seer's current Cash Flow from Operations (TTM) was -48.47. ==> 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)
=-70.489/347.261
=-0.20298565

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-85.868/421.962
=-0.203497

Seer's return on assets of this year was -0.20298565. Seer's return on assets of last year was -0.203497. ==> 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.

Seer's current Net Income (TTM) was -70.49. Seer's current Cash Flow from Operations (TTM) was -48.47. ==> -48.47 > -70.49 ==> 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
=20.384/309.3142
=0.06590063

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=23.028/385.171
=0.05978643

Seer's gearing of this year was 0.06590063. Seer's gearing of last year was 0.05978643. ==> 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
=181.593/10.243
=17.72849751

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=255.267/13.196
=19.34427099

Seer's current ratio of this year was 17.72849751. Seer's current ratio of last year was 19.34427099. ==> 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.

Seer's number of shares in issue this year was 55.996. Seer's number of shares in issue last year was 59.409. ==> 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
=6.9/14.68
=0.47002725

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=7.508/15.062
=0.49847298

Seer's gross margin of this year was 0.47002725. Seer's gross margin of last year was 0.49847298. ==> 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)
=14.68/347.261
=0.04227368

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=15.062/421.962
=0.03569516

Seer's asset turnover of this year was 0.04227368. Seer's asset turnover of last year was 0.03569516. ==> 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+1+1+0+0+1+0+1
=4

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

Seer 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?
Seer (SEER) has a Piotroski F-Score of 4 as of Jul. 06, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Seer and its competitors. This is near median its historical median of 4.00. Over the past decade, Seer's Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Seer ranks #345 out of 1332 companies in the Biotechnology industry, placing it in the top 25.9%.
Is Seer's Piotroski F-Score too high?
Seer's current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 6.00. The Biotechnology industry median Piotroski F-Score is 3.00. Seer's value of 4 is 33.3% above this industry median. Based on the distribution chart, Seer ranks #345 out of 1332 companies in the Biotechnology industry, which is above the industry midpoint. Overall, Seer has a GF Score™ of 53/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Seer's Piotroski F-Score compare to CSBR and RLYB?
According to the Biotechnology industry distribution chart, Seer ranks #345 out of 1332 companies for Piotroski F-Score. This puts Seer in the upper half of its industry. The industry median Piotroski F-Score is 3.00. Seer's value of 4 is 33.3% above this benchmark. Historically, Seer's own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 3.00, Seer 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 a Biotechnology company?
The median Piotroski F-Score among Biotechnology companies is 3.00, based on 1,332 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. Seer's current Piotroski F-Score of 4 is 33.3% 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 Seer 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. Seer's current Piotroski F-Score is 4, which is near median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Seer stock overvalued right now?
Based on GuruFocus' analysis, Seer (SEER) is currently considered Modestly Undervalued. The stock's GF Value™ is $2.20, compared to a current price of $1.62 — trading 26.4% below its estimated fair value. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 33.3% above the Biotechnology industry median of 3.00. Seer's overall GF Score™ is 53/100 with 3 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 Seer (SEER), the current Piotroski F-Score is 4 as of Jul. 06, 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 Seer (SEER) Overvalued in 2026?

Based on GuruFocus' analysis, Seer stock appears to be undervalued. The current stock price of $1.62 is trading 26.4% below its estimated GF Value™ of $2.20. GuruFocus considers Seer to be Modestly Undervalued.

Key valuation signals for SEER:

  • Piotroski F-Score: 4 (near median its 10-year median of 4.00)
  • GF Value™: $2.20 vs. price of $1.62 (26.4% below fair value)
  • GF Score™: 53/100 with 3 warning signs
  • Industry Position: 33.3% above the Biotechnology median (#345 of 1332)

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


Seer Business Description

Address 3800 Bridge Parkway, Suite 102, Redwood City, CA, USA, 94065
Seer Inc is a life sciences company, develops and commercializes products to decode the biology of the proteome. The company offers Proteograph Product Suite, an integrated solution that includes proprietary engineered nanoparticles, consumables, automation instrumentation, and data analysis software to perform proteomic analysis to provide a solution that can be incorporated by nearly any lab for research use only. It markets and sells its products for research use only, which cover academic institutions, life sciences, and research laboratories, as well as biopharmaceutical and biotechnology companies for non-diagnostic and non-clinical purposes. The company operates in China, Australia, Eastern Europe, Israel, Japan and South Africa.
53GF Score

Get the complete analysis for SEER

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

$1.62
Price
$2.20
GF Value