Denali Therapeutics (STU:4DN) Piotroski F-Score: 3 (As of Aug. 20, 2026) — Near Median

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STU:4DN Denali Therapeutics Inc STU:4DN
39 GF Score
Price €21.91
! 6 Warning Signs
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What is Denali Therapeutics Piotroski F-Score?

Denali Therapeutics STU:4DN +4.78% 39 Piotroski F-Score is 3 as of Aug. 20, 2026, which is at its 10-year median of 3.00. GuruFocus rates STU:4DN with a GF Score™ of 39/100. The stock has 6 warning signs investors should review. Among 1,335 Biotechnology companies, Denali Therapeutics ranks better than 54.16% 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

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

STU:4DN' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 7
Current: 3

During the past 11 years, the highest Piotroski F-Score of Denali Therapeutics was 7. The lowest was 1. And the median was 3.

Denali Therapeutics  (STU:4DN) 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.


Denali Therapeutics Piotroski F-Score Related Terms


Denali Therapeutics Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Denali 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.

Denali Therapeutics Piotroski F-Score Chart

Denali Therapeutics 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 3.00 3.00 4.00 2.00 3.00

Denali Therapeutics 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 3.00 3.00 3.00 2.00 3.00

STU:4DN vs RCUS, ALMS, ELVN: Piotroski F-Score Comparison

For the Biotechnology subindustry, Denali 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.


Denali Therapeutics Piotroski F-Score vs Biotechnology Industry

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

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


STU:4DN
39GF Score
Denali Therapeutics Inc STU:4DN
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 -108.121 + -109.781 + -111.107 + -110.716 = €-439.73 Mil.
Cash Flow from Operations was -91.416 + -84.151 + -113.491 + -84.198 = €-373.26 Mil.
Revenue was 0 + 0 + 0 + 3.128 = €3.13 Mil.
Gross Profit was 0 + 0 + 0 + 3.048 = €3.05 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(1011.131 + 899.389 + 977.705 + 1095.11 + 1005.105) / 5 = €997.688 Mil.
Total Assets at the begining of this year (Jun25) was €1,011.13 Mil.
Long-Term Debt & Capital Lease Obligation was €19.12 Mil.
Total Current Assets was €654.41 Mil.
Total Current Liabilities was €78.19 Mil.
Net Income was -96.58 + -109.589 + -122.997 + -107.611 = €-436.78 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 (Jun24)
to the end of last year (Jun25) was
(1395.883 + 1310.066 + 1312.342 + 1175.992 + 1011.131) / 5 = €1241.0828 Mil.
Total Assets at the begining of last year (Jun24) was €1,395.88 Mil.
Long-Term Debt & Capital Lease Obligation was €32.68 Mil.
Total Current Assets was €810.39 Mil.
Total Current Liabilities was €78.95 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.

Denali Therapeutics's current Net Income (TTM) was -439.73. ==> 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.

Denali Therapeutics's current Cash Flow from Operations (TTM) was -373.26. ==> 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 (Jun25)
=-439.725/1011.131
=-0.4348843

ROA (Last Year)=Net Income/Total Assets (Jun24)
=-436.777/1395.883
=-0.31290373

Denali Therapeutics's return on assets of this year was -0.4348843. Denali Therapeutics's return on assets of last year was -0.31290373. ==> 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.

Denali Therapeutics's current Net Income (TTM) was -439.73. Denali Therapeutics's current Cash Flow from Operations (TTM) was -373.26. ==> -373.26 > -439.73 ==> 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
=19.119/997.688
=0.01916331

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=32.675/1241.0828
=0.02632782

Denali Therapeutics's gearing of this year was 0.01916331. Denali Therapeutics's gearing of last year was 0.02632782. ==> 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

Current Ratio (This Year: Jun26)=Total Current Assets/Total Current Liabilities
=654.409/78.192
=8.36925772

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=810.39/78.946
=10.26511793

Denali Therapeutics's current ratio of this year was 8.36925772. Denali Therapeutics's current ratio of last year was 10.26511793. ==> 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.

Denali Therapeutics's number of shares in issue this year was 187.315. Denali Therapeutics's number of shares in issue last year was 171.45. ==> 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
=3.048/3.128
=0.97442455

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0/0
=

Denali Therapeutics's gross margin of this year was 0.97442455. Denali Therapeutics's gross margin of last year was . ==> 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)
=3.128/1011.131
=0.00309357

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=0/1395.883
=0

Denali Therapeutics's asset turnover of this year was 0.00309357. Denali Therapeutics's asset turnover of last year was 0. ==> 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+0+1+1+0+0+1+1
=4

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

Denali Therapeutics 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 3 mean?
Denali Therapeutics (STU:4DN) has a Piotroski F-Score of 3 as of Aug. 20, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Denali Therapeutics and its competitors. This is near median its historical median of 3.00. Over the past decade, Denali Therapeutics' Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, Denali Therapeutics ranks #612 out of 1335 companies in the Biotechnology industry, placing it in the top 45.8%.
Is Denali Therapeutics' Piotroski F-Score too high?
Denali 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 1.00 to a high of 7.00. The Biotechnology industry median Piotroski F-Score is 3.00. Denali Therapeutics' value of 3 is 0% at this industry median. Based on the distribution chart, Denali Therapeutics ranks #612 out of 1335 companies in the Biotechnology industry, which is above the industry midpoint. Overall, Denali Therapeutics has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Denali Therapeutics' Piotroski F-Score compare to RCUS and ALMS?
According to the Biotechnology industry distribution chart, Denali Therapeutics ranks #612 out of 1335 companies for Piotroski F-Score. This puts Denali Therapeutics in the upper half of its industry. The industry median Piotroski F-Score is 3.00. Denali Therapeutics' value of 3 is 0% at this benchmark. Historically, Denali Therapeutics' own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 3.00, Denali 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 1,335 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. Denali 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 Denali 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. Denali 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 Denali Therapeutics stock overvalued right now?
Denali Therapeutics (STU:4DN) 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. Denali Therapeutics' overall GF Score™ is 39/100 with 6 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 Denali Therapeutics (STU:4DN), the current Piotroski F-Score is 3 as of Aug. 20, 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.

Denali Therapeutics Business Description

Other Exchanges DNLI:USAD2NL34:Brazil
Address 161 Oyster Point Boulevard, South San Francisco, CA, USA, 94080
Denali Therapeutics Inc is a biotechnology company that is engaged in developing and discovering therapeutics to defeat neurodegenerative diseases. The company's development programs include the LRRK2 Inhibitor Program, which develops brain penetrant small molecule LRRK2 inhibitor product candidates for Parkinson's disease. Its key products include DNL201, DNL151, ATV (Antibody Transport Vehicle), ETV (Enzyme Transport Vehicle), and others. The Company has one operating segment with the goal to discover, develop, and commercializing therapeutics.
39GF Score

Get the complete analysis for STU:4DN

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

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