BrightPath Biotherapeutics CoTSE:4594 +2.04%46 Piotroski F-Score is 2 as of Jul. 11, 2026, which is 33% below its 10-year median of 3.00. GuruFocus rates TSE:4594 with a GF Score™ of 46/100 and a GF Value™ of 円4.64 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,332 Biotechnology companies, BrightPath Biotherapeutics Co ranks worse than 72.97% 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
BrightPath Biotherapeutics Co 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 BrightPath Biotherapeutics Co's Piotroski F-Score or its related term are showing as below:
TSE:4594'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 3 Max: 5
Current: 2
During the past 12 years, the highest Piotroski F-Score of BrightPath Biotherapeutics Co was 5. The lowest was 2. And the median was 3.
BrightPath Biotherapeutics Co (TSE:4594) 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.
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.
BrightPath Biotherapeutics Co Piotroski F-Score Related Terms
BrightPath Biotherapeutics Co Piotroski F-Score Historical Data
* 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.
BrightPath Biotherapeutics Co Piotroski F-Score Chart
TSE:4594 vs VRTX, REGN, ALNY: Piotroski F-Score Comparison
For the Biotechnology subindustry, BrightPath Biotherapeutics Co'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.
BrightPath Biotherapeutics Co Piotroski F-Score vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, BrightPath Biotherapeutics Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where BrightPath Biotherapeutics Co's Piotroski F-Score falls into.
* 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.
*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.
BrightPath Biotherapeutics Co's current Net Income (TTM) was -1,304.95.
==> 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.
BrightPath Biotherapeutics Co's current Cash Flow from Operations (TTM) was -1,365.85.
==> 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.
BrightPath Biotherapeutics Co's return on assets of this year was -1.16449851. BrightPath Biotherapeutics Co's return on assets of last year was -0.93569799.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
BrightPath Biotherapeutics Co's gearing of this year was 0. BrightPath Biotherapeutics Co'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
BrightPath Biotherapeutics Co's current ratio of this year was 15.82958391. BrightPath Biotherapeutics Co's current ratio of last year was 8.13691982.
==> This year's current ratio is higher. ==> Score 1.
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.
BrightPath Biotherapeutics Co's number of shares in issue this year was 111.534. BrightPath Biotherapeutics Co's number of shares in issue last year was 81.526.
==> 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.
BrightPath Biotherapeutics Co's gross margin of this year was 0.64285714. BrightPath Biotherapeutics Co's gross margin of last year was 0.9717564.
==> 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
BrightPath Biotherapeutics Co's asset turnover of this year was 7.496E-5. BrightPath Biotherapeutics Co's asset turnover of last year was 0.00092095.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
BrightPath Biotherapeutics Co has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
BrightPath Biotherapeutics Co (TSE:4594) has a Piotroski F-Score of 2 as of Jul. 11, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on BrightPath Biotherapeutics Co and its competitors. This is 33% below median its historical median of 3.00. Over the past decade, BrightPath Biotherapeutics Co's Piotroski F-Score has ranged from 2.00 to 5.00. According to the industry distribution chart, BrightPath Biotherapeutics Co ranks #972 out of 1332 companies in the Biotechnology industry, placing it in the top 73%.
Is BrightPath Biotherapeutics Co's Piotroski F-Score too high?
BrightPath Biotherapeutics Co's 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 5.00. The Biotechnology industry median Piotroski F-Score is 3.00. BrightPath Biotherapeutics Co's value of 2 is 33.3% below this industry median. Based on the distribution chart, BrightPath Biotherapeutics Co ranks #972 out of 1332 companies in the Biotechnology industry, which is below the industry midpoint. Overall, BrightPath Biotherapeutics Co has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BrightPath Biotherapeutics Co's Piotroski F-Score compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, BrightPath Biotherapeutics Co ranks #972 out of 1332 companies for Piotroski F-Score. This places BrightPath Biotherapeutics Co in the lower half of its industry. The industry median Piotroski F-Score is 3.00. BrightPath Biotherapeutics Co's value of 2 is 33.3% below this benchmark. Historically, BrightPath Biotherapeutics Co's own Piotroski F-Score has ranged from 2.00 to 5.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 3.00, BrightPath Biotherapeutics Co 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 Biotechnology company?
The median Piotroski F-Score among Biotechnology companies is 3.00, based on 1,332 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. BrightPath Biotherapeutics Co's current Piotroski F-Score of 2 is 33.3% 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 BrightPath Biotherapeutics Co 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. BrightPath Biotherapeutics Co'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 BrightPath Biotherapeutics Co stock overvalued right now?
Based on GuruFocus' analysis, BrightPath Biotherapeutics Co (TSE:4594) is currently considered Significantly Overvalued. The stock's GF Value™ is 円4.64, compared to a current price of 円50.00 — trading 977.6% above its estimated fair value. The current Piotroski F-Score is 2, which is 33% below median its 10-year median of 3.00 and 33.3% below the Biotechnology industry median of 3.00. BrightPath Biotherapeutics Co's overall GF Score™ is 46/100 with 4 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 BrightPath Biotherapeutics Co (TSE:4594), the current Piotroski F-Score is 2 as of Jul. 11, 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 BrightPath Biotherapeutics Co (TSE:4594) Overvalued in 2026?
Based on GuruFocus' analysis, BrightPath Biotherapeutics Co stock appears to be overvalued.
The current stock price of 円50.00 is trading 977.6% above its estimated GF Value™ of 円4.64.
GuruFocus considers BrightPath Biotherapeutics Co to be Significantly Overvalued.
Key valuation signals for TSE:4594:
Piotroski F-Score: 2 (33% below median its 10-year median of 3.00)
GF Value™: 円4.64 vs. price of 円50.00 (977.6% above fair value)
Industry Position: 33.3% below the Biotechnology median (#972 of 1332)
No single metric tells the full story. See the TSE:4594 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BrightPath Biotherapeutics Co Business Description
BrightPath Biotherapeutics Co Ltd is a biopharmaceutical venture company. It is engaged in developing novel cancer immunotherapeutics. Its products include two candidate products: ITK-1 and GRN-1201 which are in the clinical trial stage.
46GF Score
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