TAOX (TAO Synergies) Piotroski F-Score: 4 (As of Jul. 26, 2026) — 33% 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.

TAOX TAO Synergies Inc TAOX
30 GF Score
Price $3.32
! 2 Warning Signs
View Full Analysis

What is TAO Synergies Piotroski F-Score?

TAO Synergies TAOX -10.35% 30 Piotroski F-Score is 4 as of Jul. 26, 2026, which is 33% above its 10-year median of 3.00. GuruFocus rates TAOX with a GF Score™ of 30/100. The stock has 2 warning signs investors should review. Among 2,740 Software companies, TAO Synergies ranks worse than 60.51% 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

TAO Synergies 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 TAO Synergies's Piotroski F-Score or its related term are showing as below:

TAOX' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 5
Current: 4

During the past 7 years, the highest Piotroski F-Score of TAO Synergies was 5. The lowest was 1. And the median was 3.

TAO Synergies  (NAS:TAOX) 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.


TAO Synergies Piotroski F-Score Related Terms


TAO Synergies Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for TAO Synergies'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.

TAO Synergies Piotroski F-Score Chart

TAO Synergies Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 3.00 3.00 3.00 3.00 4.00

TAO Synergies 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 3.00 5.00 4.00 4.00 4.00

TAOX vs SKKY, HPAI, XBP: Piotroski F-Score Comparison

For the Software - Infrastructure subindustry, TAO Synergies'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.


TAO Synergies Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, TAO Synergies's Piotroski F-Score distribution charts can be found below:

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


TAOX
30GF Score
TAO Synergies Inc TAOX
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was -17.516 + -3.923 + -7.683 + 4.254 = $-24.87 Mil.
Cash Flow from Operations was -0.749 + -1.195 + -2.451 + -1.683 = $-6.08 Mil.
Revenue was 0.004 + 0.203 + 0.092 + 0.389 = $0.69 Mil.
Gross Profit was 0.004 + 0.203 + 0.092 + 0.389 = $0.69 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(15.329 + 19.792 + 18.359 + 25.835 + 31.047) / 5 = $22.0724 Mil.
Total Assets at the begining of this year (Mar25) was $15.33 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $30.24 Mil.
Total Current Liabilities was $1.10 Mil.
Net Income was -1.273 + -5.742 + -5.547 + 0.385 = $-12.18 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 (Mar24)
to the end of last year (Mar25) was
(29.399 + 28.385 + 22.826 + 17.734 + 15.329) / 5 = $22.7346 Mil.
Total Assets at the begining of last year (Mar24) was $29.40 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $15.32 Mil.
Total Current Liabilities was $0.21 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.

TAO Synergies's current Net Income (TTM) was -24.87. ==> 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.

TAO Synergies's current Cash Flow from Operations (TTM) was -6.08. ==> 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 (Mar25)
=-24.868/15.329
=-1.62228456

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-12.177/29.399
=-0.41419776

TAO Synergies's return on assets of this year was -1.62228456. TAO Synergies's return on assets of last year was -0.41419776. ==> 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.

TAO Synergies's current Net Income (TTM) was -24.87. TAO Synergies's current Cash Flow from Operations (TTM) was -6.08. ==> -6.08 > -24.87 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=0/22.0724
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/22.7346
=0

TAO Synergies's gearing of this year was 0. TAO Synergies's gearing of last year was 0. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=30.241/1.104
=27.39221014

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=15.317/0.211
=72.59241706

TAO Synergies's current ratio of this year was 27.39221014. TAO Synergies's current ratio of last year was 72.59241706. ==> 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.

TAO Synergies's number of shares in issue this year was 7.699. TAO Synergies's number of shares in issue last year was 1.393. ==> 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
=0.688/0.688
=1

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

TAO Synergies's gross margin of this year was 1. TAO Synergies'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 (Mar25)
=0.688/15.329
=0.04488225

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=0/29.399
=0

TAO Synergies's asset turnover of this year was 0.04488225. TAO Synergies'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

TAO Synergies 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 4 mean?
TAO Synergies (TAOX) has a Piotroski F-Score of 4 as of Jul. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on TAO Synergies and its competitors. This is 33% above median its historical median of 3.00. Over the past decade, TAO Synergies' Piotroski F-Score has ranged from 1.00 to 5.00. According to the industry distribution chart, TAO Synergies ranks #1658 out of 2740 companies in the Software industry, placing it in the top 60.5%.
Is TAO Synergies' Piotroski F-Score too high?
TAO Synergies' current Piotroski F-Score of 4 is 33% above 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 5.00. The Software industry median Piotroski F-Score is 5.00. TAO Synergies' value of 4 is 20% below this industry median. Based on the distribution chart, TAO Synergies ranks #1658 out of 2740 companies in the Software industry, which is below the industry midpoint. Overall, TAO Synergies has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does TAO Synergies' Piotroski F-Score compare to SKKY and HPAI?
According to the Software industry distribution chart, TAO Synergies ranks #1658 out of 2740 companies for Piotroski F-Score. This places TAO Synergies in the lower half of its industry. The industry median Piotroski F-Score is 5.00. TAO Synergies' value of 4 is 20% below this benchmark. Historically, TAO Synergies' own Piotroski F-Score has ranged from 1.00 to 5.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, TAO Synergies 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,740 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. TAO Synergies's current Piotroski F-Score of 4 is 20% 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 TAO Synergies and its competitors. For the Software 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. TAO Synergies's current Piotroski F-Score is 4, which is 33% above 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 TAO Synergies stock overvalued right now?
TAO Synergies (TAOX) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is 33% above median its 10-year median of 3.00 and 20% below the Software industry median of 5.00. TAO Synergies' overall GF Score™ is 30/100 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 TAO Synergies (TAOX), the current Piotroski F-Score is 4 as of Jul. 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.

TAO Synergies Business Description

Address 1185 Avenue of the Americas, 3rd Floor, New York, NY, USA, 10036
TAO Synergies Inc is mainly focused on developing a product platform based on its drug candidate, Bryostatin-1, for the treatment of Alzheimer's disease. The company is also evaluating Bryostatin-1 for other neurodegenerative and cognitive conditions, including Fragile X syndrome and Multiple Sclerosis, which have progressed through pre-clinical testing.
30GF Score

Get the complete analysis for TAOX

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

$3.32
Price