Sol-Gel Technologies (STU:4SG) Piotroski F-Score: 6 (As of Jul. 04, 2026) — 50% Above Median


STU:4SG Sol-Gel Technologies Ltd STU:4SG
55 GF Score
Price €62.00
GF Value €54.63
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Sol-Gel Technologies Piotroski F-Score?

Sol-Gel Technologies STU:4SG -2.36% 55 Piotroski F-Score is 6 as of Jul. 04, 2026, which is 50% above its 10-year median of 4.00. GuruFocus rates STU:4SG with a GF Score™ of 55/100 and a GF Value™ of €54.63 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,336 Biotechnology companies, Sol-Gel Technologies ranks better than 91.99% 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

Sol-Gel Technologies has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Sol-Gel Technologies's Piotroski F-Score or its related term are showing as below:

STU:4SG' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 6
Current: 6

During the past 11 years, the highest Piotroski F-Score of Sol-Gel Technologies was 6. The lowest was 1. And the median was 4.

Sol-Gel Technologies  (STU:4SG) 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.


Sol-Gel Technologies Piotroski F-Score Related Terms


Sol-Gel Technologies Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Sol-Gel Technologies'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.

Sol-Gel Technologies Piotroski F-Score Chart

Sol-Gel Technologies 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 4.00 4.00 1.00 3.00 6.00

Sol-Gel Technologies 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 0.00 0.00 0.00 6.00 0.00

STU:4SG vs AVXL, FATE, FHTX: Piotroski F-Score Comparison

For the Biotechnology subindustry, Sol-Gel Technologies'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.


Sol-Gel Technologies Piotroski F-Score vs Biotechnology Industry

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

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


STU:4SG
55GF Score
Sol-Gel Technologies Ltd STU:4SG
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was €-5.23 Mil.
Cash Flow from Operations was €0.28 Mil.
Revenue was €16.56 Mil.
Gross Profit was €16.56 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (34.233 + 25.549) / 2 = €29.891 Mil.
Total Assets at the begining of this year (Dec24) was €34.23 Mil.
Long-Term Debt & Capital Lease Obligation was €0.42 Mil.
Total Current Assets was €23.03 Mil.
Total Current Liabilities was €5.27 Mil.
Net Income was €-10.10 Mil.

Revenue was €11.02 Mil.
Gross Profit was €11.02 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (41.528 + 34.233) / 2 = €37.8805 Mil.
Total Assets at the begining of last year (Dec23) was €41.53 Mil.
Long-Term Debt & Capital Lease Obligation was €0.84 Mil.
Total Current Assets was €29.89 Mil.
Total Current Liabilities was €5.05 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.

Sol-Gel Technologies's current Net Income (TTM) was -5.23. ==> 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.

Sol-Gel Technologies's current Cash Flow from Operations (TTM) was 0.28. ==> 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 (Dec24)
=-5.232/34.233
=-0.15283498

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-10.104/41.528
=-0.24330572

Sol-Gel Technologies's return on assets of this year was -0.15283498. Sol-Gel Technologies's return on assets of last year was -0.24330572. ==> 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.

Sol-Gel Technologies's current Net Income (TTM) was -5.23. Sol-Gel Technologies's current Cash Flow from Operations (TTM) was 0.28. ==> 0.28 > -5.23 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=0.424/29.891
=0.01418487

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0.838/37.8805
=0.0221222

Sol-Gel Technologies's gearing of this year was 0.01418487. Sol-Gel Technologies's gearing of last year was 0.0221222. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=23.033/5.27
=4.37058824

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=29.887/5.047
=5.92173568

Sol-Gel Technologies's current ratio of this year was 4.37058824. Sol-Gel Technologies's current ratio of last year was 5.92173568. ==> 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.

Sol-Gel Technologies's number of shares in issue this year was 2.786. Sol-Gel Technologies's number of shares in issue last year was 2.786. ==> 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
=16.557/16.557
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=11.019/11.019
=1

Sol-Gel Technologies's gross margin of this year was 1. Sol-Gel Technologies's gross margin of last year was 1. ==> 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 (Dec24)
=16.557/34.233
=0.48365612

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=11.019/41.528
=0.26533905

Sol-Gel Technologies's asset turnover of this year was 0.48365612. Sol-Gel Technologies's asset turnover of last year was 0.26533905. ==> 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+1+1+1+1+0+1+0+1
=6

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

Sol-Gel Technologies has an F-score of 6 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 6 mean?
Sol-Gel Technologies (STU:4SG) has a Piotroski F-Score of 6 as of Jul. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sol-Gel Technologies and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, Sol-Gel Technologies' Piotroski F-Score has ranged from 1.00 to 6.00. According to the industry distribution chart, Sol-Gel Technologies ranks #107 out of 1336 companies in the Biotechnology industry, placing it in the top 8%.
Is Sol-Gel Technologies' Piotroski F-Score too high?
Sol-Gel Technologies' current Piotroski F-Score of 6 is 50% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 6.00. The Biotechnology industry median Piotroski F-Score is 3.00. Sol-Gel Technologies' value of 6 is 100% above this industry median. Based on the distribution chart, Sol-Gel Technologies ranks #107 out of 1336 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, Sol-Gel Technologies has a GF Score™ of 55/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sol-Gel Technologies' Piotroski F-Score compare to AVXL and FATE?
According to the Biotechnology industry distribution chart, Sol-Gel Technologies ranks #107 out of 1336 companies for Piotroski F-Score. This places Sol-Gel Technologies in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Sol-Gel Technologies' value of 6 is 100% above this benchmark. Historically, Sol-Gel Technologies' own Piotroski F-Score has ranged from 1.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 3.00, Sol-Gel Technologies 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 1,336 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. Sol-Gel Technologies's current Piotroski F-Score of 6 is 100% 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 Sol-Gel Technologies 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. Sol-Gel Technologies's current Piotroski F-Score is 6, which is 50% 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 Sol-Gel Technologies stock overvalued right now?
Based on GuruFocus' analysis, Sol-Gel Technologies (STU:4SG) is currently considered Modestly Overvalued. The stock's GF Value™ is €54.63, compared to a current price of €62.00 — trading 13.5% above its estimated fair value. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 100% above the Biotechnology industry median of 3.00. Sol-Gel Technologies' overall GF Score™ is 55/100 with 2 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 Sol-Gel Technologies (STU:4SG), the current Piotroski F-Score is 6 as of Jul. 04, 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 Sol-Gel Technologies (STU:4SG) Overvalued in 2026?

Based on GuruFocus' analysis, Sol-Gel Technologies stock appears to be overvalued. The current stock price of €62.00 is trading 13.5% above its estimated GF Value™ of €54.63. GuruFocus considers Sol-Gel Technologies to be Modestly Overvalued.

Key valuation signals for STU:4SG:

  • Piotroski F-Score: 6 (50% above median its 10-year median of 4.00)
  • GF Value™: €54.63 vs. price of €62.00 (13.5% above fair value)
  • GF Score™: 55/100 with 2 warning signs
  • Industry Position: 100% above the Biotechnology median (#107 of 1336)

No single metric tells the full story. See the STU:4SG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sol-Gel Technologies Business Description

Other Exchanges SLGL:USA4SG:Germany
Address 7 Golda Meir Street, Weizmann Science Park, Ness Ziona, ISR, 7403650
Sol-Gel Technologies Ltd is a dermatology company. It is engaged in identifying, developing and commercializing branded and generic topical drug products for the treatment of skin diseases. The company's product candidate pipeline includes SGT-610 (Patidegib Gel 2%), a new chemical entity hedgehog signaling pathway blocker, for the chronic use and prevention of new BCC in Gorlin syndrome patients, and the topical drug candidate SGT-210 for the treatment of Darier Disease and other rare keratosis-related indications such as PC, PPK and Olmsted. It generates the majority of its revenue from the United States.
55GF Score

Get the complete analysis for STU:4SG

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

€62.00
Price
€54.63
GF Value