Argo Graphene Solutions (STU:94Y) Piotroski F-Score: 2 (As of Jun. 29, 2026) — 33% Below Median


What is Argo Graphene Solutions Piotroski F-Score?

Argo Graphene Solutions STU:94Y 32 Piotroski F-Score is 2 as of Jun. 29, 2026, which is 33% below its 10-year median of 3.00. GuruFocus rates STU:94Y with a GF Score™ of 32/100. The stock has 3 warning signs investors should review. Among 392 Building Materials companies, Argo Graphene Solutions ranks worse than 95.41% on this metric.

Warning Sign:

Piotroski F-Score of 2 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

Argo Graphene Solutions has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Argo Graphene Solutions's Piotroski F-Score or its related term are showing as below:

STU:94Y' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 3   Max: 4
Current: 2

During the past 6 years, the highest Piotroski F-Score of Argo Graphene Solutions was 4. The lowest was 2. And the median was 3.

Argo Graphene Solutions  (STU:94Y) 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.


Argo Graphene Solutions Piotroski F-Score Related Terms


Argo Graphene Solutions Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Argo Graphene Solutions'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.

Argo Graphene Solutions Piotroski F-Score Chart

Argo Graphene Solutions Annual Data
Trend Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Piotroski F-Score
Get a 7-Day Free Trial N/A 3.00 3.00 2.00 2.00

Argo Graphene Solutions Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 2.00

STU:94Y vs CRH, VMC, MLM: Piotroski F-Score Comparison

For the Building Materials subindustry, Argo Graphene Solutions'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.


Argo Graphene Solutions Piotroski F-Score vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Argo Graphene Solutions's Piotroski F-Score distribution charts can be found below:

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


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 (Feb26) TTM:Last Year (Feb25) TTM:
Net Income was -1.139 + -0.755 + -0.628 + -0.557 = €-3.08 Mil.
Cash Flow from Operations was -0.313 + -0.393 + -0.455 + -0.273 = €-1.43 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 this year (Feb25)
to the end of this year (Feb26) was
(0.53 + 0.269 + 0.357 + 0.268 + 0.151) / 5 = €0.315 Mil.
Total Assets at the begining of this year (Feb25) was €0.53 Mil.
Long-Term Debt & Capital Lease Obligation was €0.01 Mil.
Total Current Assets was €0.12 Mil.
Total Current Liabilities was €0.09 Mil.
Net Income was -0.219 + -0.129 + -0.115 + -0.189 = €-0.65 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 (Feb24)
to the end of last year (Feb25) was
(0.048 + 0.135 + 0.045 + 0.082 + 0.53) / 5 = €0.168 Mil.
Total Assets at the begining of last year (Feb24) was €0.05 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 Mil.
Total Current Assets was €0.53 Mil.
Total Current Liabilities was €0.06 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.

Argo Graphene Solutions's current Net Income (TTM) was -3.08. ==> 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.

Argo Graphene Solutions's current Cash Flow from Operations (TTM) was -1.43. ==> 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 (Feb25)
=-3.079/0.53
=-5.80943396

ROA (Last Year)=Net Income/Total Assets (Feb24)
=-0.652/0.048
=-13.58333333

Argo Graphene Solutions's return on assets of this year was -5.80943396. Argo Graphene Solutions's return on assets of last year was -13.58333333. ==> 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.

Argo Graphene Solutions's current Net Income (TTM) was -3.08. Argo Graphene Solutions's current Cash Flow from Operations (TTM) was -1.43. ==> -1.43 > -3.08 ==> 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: Feb26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb25 to Feb26
=0.011/0.315
=0.03492063

Gearing (Last Year: Feb25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb24 to Feb25
=0/0.168
=0

Argo Graphene Solutions's gearing of this year was 0.03492063. Argo Graphene Solutions's gearing of last year was 0. ==> 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: Feb26)=Total Current Assets/Total Current Liabilities
=0.118/0.093
=1.2688172

Current Ratio (Last Year: Feb25)=Total Current Assets/Total Current Liabilities
=0.53/0.058
=9.13793103

Argo Graphene Solutions's current ratio of this year was 1.2688172. Argo Graphene Solutions's current ratio of last year was 9.13793103. ==> 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.

Argo Graphene Solutions's number of shares in issue this year was 23.042. Argo Graphene Solutions's number of shares in issue last year was 15.628. ==> 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
=0/0
=

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

Argo Graphene Solutions's gross margin of this year was . Argo Graphene Solutions's gross margin of last year was . ==> 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 (Feb25)
=0/0.53
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Feb24)
=0/0.048
=0

Argo Graphene Solutions's asset turnover of this year was 0. Argo Graphene Solutions's asset turnover of last year was 0. ==> 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
=0+0+1+1+0+0+0+0+0
=2

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

Argo Graphene Solutions has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 2 mean?
Argo Graphene Solutions (STU:94Y) has a Piotroski F-Score of 2 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Argo Graphene Solutions and its competitors. This is 33% below median its historical median of 3.00. Over the past decade, Argo Graphene Solutions' Piotroski F-Score has ranged from 2.00 to 4.00. According to the industry distribution chart, Argo Graphene Solutions ranks #374 out of 392 companies in the Building Materials industry, placing it in the top 95.4%.
Is Argo Graphene Solutions' Piotroski F-Score too high?
Argo Graphene Solutions' current Piotroski F-Score of 2 is 33% below median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 4.00. The Building Materials industry median Piotroski F-Score is 5.00. Argo Graphene Solutions' value of 2 is 60% below this industry median. Based on the distribution chart, Argo Graphene Solutions ranks #374 out of 392 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, Argo Graphene Solutions has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Argo Graphene Solutions' Piotroski F-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, Argo Graphene Solutions ranks #374 out of 392 companies for Piotroski F-Score. This places Argo Graphene Solutions in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Argo Graphene Solutions' value of 2 is 60% below this benchmark. Historically, Argo Graphene Solutions' own Piotroski F-Score has ranged from 2.00 to 4.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Argo Graphene Solutions has consistently been below 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 Building Materials company?
The median Piotroski F-Score among Building Materials companies is 5.00, based on 392 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. Argo Graphene Solutions's current Piotroski F-Score of 2 is 60% below 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 Argo Graphene Solutions and its competitors. For the Building Materials 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. Argo Graphene Solutions's current Piotroski F-Score is 2, which is 33% below 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 Argo Graphene Solutions stock overvalued right now?
Argo Graphene Solutions (STU:94Y) has a current Piotroski F-Score of 2. The current Piotroski F-Score is 2, which is 33% below median its 10-year median of 3.00 and 60% below the Building Materials industry median of 5.00. Argo Graphene Solutions' overall GF Score™ is 32/100 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 Argo Graphene Solutions (STU:94Y), the current Piotroski F-Score is 2 as of Jun. 29, 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.

Argo Graphene Solutions Business Description

Address 1130 Pender Street West, Suite 820, Vancouver, BC, CAN, V6E 4A4
Argo Graphene Solutions Corp is a materials company developing graphene and nano-material technologies for use in concrete, construction, electronics, and clean-tech. It will focus on scalable, sustainable solutions that support low-carbon infrastructure and next-generation industrial materials.