SPARQ SystemsSPRQF 34 Piotroski F-Score is 5 as of Jun. 26, 2026, which is 25% above its 10-year median of 4.00. GuruFocus rates SPRQF with a GF Score™ of 34/100 and a GF Value™ of $0.81 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,979 Industrial Products companies, SPARQ Systems ranks better than 56.66% 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
SPARQ Systems has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for SPARQ Systems's Piotroski F-Score or its related term are showing as below:
SPRQF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 4 Max: 5
Current: 5
During the past 8 years, the highest Piotroski F-Score of SPARQ Systems was 5. The lowest was 3. And the median was 4.
SPARQ Systems (OTCPK:SPRQF) 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.
SPARQ Systems Piotroski F-Score Related Terms
SPARQ Systems Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for SPARQ Systems'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.
For the Electrical Equipment & Parts subindustry, SPARQ Systems'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.
SPARQ Systems Piotroski F-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, SPARQ Systems's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where SPARQ Systems'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.
SPARQ Systems's current Net Income (TTM) was -3.37.
==> 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.
SPARQ Systems's return on assets of this year was -0.44556158. SPARQ Systems's return on assets of last year was -1.25127743.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
SPARQ Systems's gearing of this year was 0.02447823. SPARQ Systems's gearing of last year was 0.02647884.
==> 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
SPARQ Systems's current ratio of this year was 16.30039526. SPARQ Systems's current ratio of last year was 24.54355401.
==> 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.
SPARQ Systems's number of shares in issue this year was 116.935. SPARQ Systems's number of shares in issue last year was 116.935.
==> 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.
SPARQ Systems's gross margin of this year was 0.00901379. SPARQ Systems's gross margin of last year was -0.07928389.
==> 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
SPARQ Systems's asset turnover of this year was 0.2495039. SPARQ Systems's asset turnover of last year was 0.35256988.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
SPARQ Systems has an F-score of 5 indicating the company's financial situation is typical for a stable company.
SPARQ Systems (SPRQF) has a Piotroski F-Score of 5 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on SPARQ Systems and its competitors. This is 25% above median its historical median of 4.00. Over the past decade, SPARQ Systems' Piotroski F-Score has ranged from 3.00 to 5.00. According to the industry distribution chart, SPARQ Systems ranks #1291 out of 2979 companies in the Industrial Products industry, placing it in the top 43.3%.
Is SPARQ Systems' Piotroski F-Score too high?
SPARQ Systems' current Piotroski F-Score of 5 is 25% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 5.00. The Industrial Products industry median Piotroski F-Score is 5.00. SPARQ Systems' value of 5 is 0% at this industry median. Based on the distribution chart, SPARQ Systems ranks #1291 out of 2979 companies in the Industrial Products industry, which is above the industry midpoint. Overall, SPARQ Systems has a GF Score™ of 34/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SPARQ Systems' Piotroski F-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, SPARQ Systems ranks #1291 out of 2979 companies for Piotroski F-Score. This puts SPARQ Systems in the upper half of its industry. The industry median Piotroski F-Score is 5.00. SPARQ Systems' value of 5 is 0% at this benchmark. Historically, SPARQ Systems' own Piotroski F-Score has ranged from 3.00 to 5.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, SPARQ Systems 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,979 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. SPARQ Systems's current Piotroski F-Score of 5 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 SPARQ Systems 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. SPARQ Systems's current Piotroski F-Score is 5, which is 25% above 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 SPARQ Systems stock overvalued right now?
Based on GuruFocus' analysis, SPARQ Systems (SPRQF) is currently considered Fairly Valued. The stock's GF Value™ is $0.81, compared to a current price of $0.86 — trading 5.9% above its estimated fair value. The current Piotroski F-Score is 5, which is 25% above median its 10-year median of 4.00 and 0% at the Industrial Products industry median of 5.00. SPARQ Systems' overall GF Score™ is 34/100 with 4 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 SPARQ Systems (SPRQF), the current Piotroski F-Score is 5 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.
Is SPARQ Systems (SPRQF) Overvalued in 2026?
Based on GuruFocus' analysis, SPARQ Systems stock appears to be overvalued.
The current stock price of $0.86 is trading 5.9% above its estimated GF Value™ of $0.81.
GuruFocus considers SPARQ Systems to be Fairly Valued.
Key valuation signals for SPRQF:
Piotroski F-Score: 5 (25% above median its 10-year median of 4.00)
GF Value™: $0.81 vs. price of $0.86 (5.9% above fair value)
Industry Position: 0% at the Industrial Products median (#1291 of 2979)
No single metric tells the full story. See the SPRQF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SPARQ Systems Inc designs and manufactures next generation single-phase microinverters for residential and commercial solar electric applications. The company has developed a proprietary photovoltaic (PV) solution called the Quad; the Quad inverter optimizes four PV modules with a single microinverter, simplifying design and installation, and lowering cost for solar power installations when compared to existing market offerings. Its products include Quad2, Quad3, Q1200 Microinverter, SparqLinq, SparqVu, and SparqSync. The company derives revenue from the sale of hardware, including microinverters and their associated peripherals.
34GF Score
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