Collegium Pharmaceutical (STU:354) Piotroski F-Score: 7 (As of Aug. 07, 2026) — 40% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:354 Collegium Pharmaceutical Inc STU:354
75 GF Score
Price €30.80
GF Value €45.71
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Collegium Pharmaceutical Piotroski F-Score?

Collegium Pharmaceutical STU:354 75 Piotroski F-Score is 7 as of Aug. 07, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates STU:354 with a GF Score™ of 75/100 and a GF Value™ of €45.71 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 978 Drug Manufacturers companies, Collegium Pharmaceutical ranks better than 91.82% 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

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

STU:354' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Collegium Pharmaceutical was 8. The lowest was 3. And the median was 5.

Collegium Pharmaceutical  (STU:354) 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.


Collegium Pharmaceutical Piotroski F-Score Related Terms


Collegium Pharmaceutical Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Collegium Pharmaceutical'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.

Collegium Pharmaceutical Piotroski F-Score Chart

Collegium Pharmaceutical Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 4.00 7.00 7.00 5.00

Collegium Pharmaceutical Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 6.00 6.00 5.00 7.00 0.00

STU:354 vs ETON, ALVO, PCRX: Piotroski F-Score Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Collegium Pharmaceutical'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.


Collegium Pharmaceutical Piotroski F-Score vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Collegium Pharmaceutical's Piotroski F-Score distribution charts can be found below:

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


STU:354
75GF Score
Collegium Pharmaceutical Inc STU:354
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 (Jun26) TTM:Last Year (Jun25) TTM:
Net Income was 26.844 + 14.486 + 12.539 + -13.064 = €40.8 Mil.
Cash Flow from Operations was 66.829 + 105.083 + 49.403 + 61.908 = €283.2 Mil.
Revenue was 178.376 + 175.453 + 167.395 + 173.494 = €694.7 Mil.
Gross Profit was 110.054 + 109.635 + 101.418 + 95.733 = €416.8 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(1380.811 + 1369.443 + 1414.936 + 1428.941 + 1853.866) / 5 = €1489.5994 Mil.
Total Assets at the begining of this year (Jun25) was €1,380.8 Mil.
Long-Term Debt & Capital Lease Obligation was €902.7 Mil.
Total Current Assets was €527.8 Mil.
Total Current Liabilities was €512.0 Mil.
Net Income was 8.411 + 11.972 + 2.236 + 10.389 = €33.0 Mil.

Revenue was 143.53 + 173.761 + 164.425 + 162.996 = €644.7 Mil.
Gross Profit was 87.211 + 93.865 + 90.025 + 93.969 = €365.1 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(978.597 + 1473.274 + 1588.729 + 1509.034 + 1380.811) / 5 = €1386.089 Mil.
Total Assets at the begining of last year (Jun24) was €978.6 Mil.
Long-Term Debt & Capital Lease Obligation was €661.7 Mil.
Total Current Assets was €476.2 Mil.
Total Current Liabilities was €402.8 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.

Collegium Pharmaceutical's current Net Income (TTM) was 40.8. ==> 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.

Collegium Pharmaceutical's current Cash Flow from Operations (TTM) was 283.2. ==> 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 (Jun25)
=40.805/1380.811
=0.02955147

ROA (Last Year)=Net Income/Total Assets (Jun24)
=33.008/978.597
=0.03372992

Collegium Pharmaceutical's return on assets of this year was 0.02955147. Collegium Pharmaceutical's return on assets of last year was 0.03372992. ==> Last year is higher ==> Score 0.

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.

Collegium Pharmaceutical's current Net Income (TTM) was 40.8. Collegium Pharmaceutical's current Cash Flow from Operations (TTM) was 283.2. ==> 283.2 > 40.8 ==> 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: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun25 to Jun26
=902.689/1489.5994
=0.60599447

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=661.685/1386.089
=0.47737555

Collegium Pharmaceutical's gearing of this year was 0.60599447. Collegium Pharmaceutical's gearing of last year was 0.47737555. ==> 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: Jun26)=Total Current Assets/Total Current Liabilities
=527.756/511.999
=1.03077545

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=476.166/402.816
=1.18209306

Collegium Pharmaceutical's current ratio of this year was 1.03077545. Collegium Pharmaceutical's current ratio of last year was 1.18209306. ==> 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.

Collegium Pharmaceutical's number of shares in issue this year was 32.461. Collegium Pharmaceutical's number of shares in issue last year was 39.076. ==> 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
=416.84/694.718
=0.60001324

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=365.07/644.712
=0.56625284

Collegium Pharmaceutical's gross margin of this year was 0.60001324. Collegium Pharmaceutical's gross margin of last year was 0.56625284. ==> 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 (Jun25)
=694.718/1380.811
=0.50312316

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=644.712/978.597
=0.65881257

Collegium Pharmaceutical's asset turnover of this year was 0.50312316. Collegium Pharmaceutical's asset turnover of last year was 0.65881257. ==> 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+0+1+0+0+1+1+0
=5

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

Collegium Pharmaceutical has an F-score of 5 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 7 mean?
Collegium Pharmaceutical (STU:354) has a Piotroski F-Score of 7 as of Aug. 07, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Collegium Pharmaceutical and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, Collegium Pharmaceutical's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Collegium Pharmaceutical ranks #80 out of 978 companies in the Drug Manufacturers industry, placing it in the top 8.2%.
Is Collegium Pharmaceutical's Piotroski F-Score too high?
Collegium Pharmaceutical's current Piotroski F-Score of 7 is 40% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Drug Manufacturers industry median Piotroski F-Score is 5.00. Collegium Pharmaceutical's value of 7 is 40% above this industry median. Based on the distribution chart, Collegium Pharmaceutical ranks #80 out of 978 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers. Overall, Collegium Pharmaceutical has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Collegium Pharmaceutical's Piotroski F-Score compare to ETON and ALVO?
According to the Drug Manufacturers industry distribution chart, Collegium Pharmaceutical ranks #80 out of 978 companies for Piotroski F-Score. This places Collegium Pharmaceutical in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Collegium Pharmaceutical's value of 7 is 40% above this benchmark. Historically, Collegium Pharmaceutical's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Collegium Pharmaceutical 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 Drug Manufacturers company?
The median Piotroski F-Score among Drug Manufacturers companies is 5.00, based on 978 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. Collegium Pharmaceutical'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 Collegium Pharmaceutical and its competitors. For the Drug Manufacturers 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. Collegium Pharmaceutical's current Piotroski F-Score is 7, which is 40% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Collegium Pharmaceutical stock overvalued right now?
Based on GuruFocus' analysis, Collegium Pharmaceutical (STU:354) is currently considered Modestly Undervalued. The stock's GF Value™ is €45.71, compared to a current price of €30.80 — trading 32.6% below its estimated fair value. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 40% above the Drug Manufacturers industry median of 5.00. Collegium Pharmaceutical's overall GF Score™ is 75/100 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 Collegium Pharmaceutical (STU:354), the current Piotroski F-Score is 7 as of Aug. 07, 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 Collegium Pharmaceutical (STU:354) Overvalued in 2026?

Based on GuruFocus' analysis, Collegium Pharmaceutical stock appears to be undervalued. The current stock price of €30.80 is trading 32.6% below its estimated GF Value™ of €45.71. GuruFocus considers Collegium Pharmaceutical to be Modestly Undervalued.

Key valuation signals for STU:354:

  • Piotroski F-Score: 7 (40% above median its 10-year median of 5.00)
  • GF Value™: €45.71 vs. price of €30.80 (32.6% below fair value)
  • GF Score™: 75/100 with 3 warning signs
  • Industry Position: 40% above the Drug Manufacturers median (#80 of 978)

No single metric tells the full story. See the STU:354 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Collegium Pharmaceutical Business Description

Other Exchanges COLL:USA
Address 100 Technology Center Drive, Stoughton, MA, USA, 02072
Collegium Pharmaceutical Inc is a diversified biopharmaceutical company committed to improving the lives of people living with serious medical conditions. The company has developed, licensed, and acquired a portfolio of meaningfully differentiated products for the treatment of attention deficit hyperactivity disorder (ADHD) and moderate to severe pain. It commercializes its products in the United States, including Jornay PM, Belbuca, Xtampza ER, Nucynta ER, Nucynta IR (collectively, the Nucynta Products), and Symproic. The company's product portfolio includes Jornay PM, Belbuca, Xtampza ER, Nucynta IR, Nucynta ER, and Symproic.
75GF Score

Get the complete analysis for STU:354

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

€30.80
Price
€45.71
GF Value