Nano One MaterialsTSX:NANO -1.30%24 Piotroski F-Score is 3 as of Jul. 06, 2026, which is at its 10-year median of 3.00. GuruFocus rates TSX:NANO with a GF Score™ of 24/100. The stock has 2 warning signs investors should review. Among 1,562 Chemicals companies, Nano One Materials ranks worse than 81.88% 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
Nano One Materials has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Nano One Materials's Piotroski F-Score or its related term are showing as below:
TSX:NANO'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 3 Max: 4
Current: 3
During the past 13 years, the highest Piotroski F-Score of Nano One Materials was 4. The lowest was 1. And the median was 3.
Nano One Materials (TSX:NANO) 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.
Nano One Materials Piotroski F-Score Related Terms
Nano One Materials Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Nano One Materials'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.
TSX:NANO vs LIN, SHW, ECL: Piotroski F-Score Comparison
For the Specialty Chemicals subindustry, Nano One Materials'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.
Nano One Materials Piotroski F-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Nano One Materials's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Nano One Materials'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.
Nano One Materials's current Net Income (TTM) was -14.69.
==> 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.
Nano One Materials's return on assets of this year was -0.31001308. Nano One Materials's return on assets of last year was -0.37491207.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Nano One Materials's gearing of this year was 0.42416944. Nano One Materials's gearing of last year was 0.46410323.
==> 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
Nano One Materials's current ratio of this year was 6.32007621. Nano One Materials's current ratio of last year was 6.24440692.
==> 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.
Nano One Materials's number of shares in issue this year was 119.404. Nano One Materials's number of shares in issue last year was 111.928.
==> 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.
Nano One Materials's gross margin of this year was . Nano One Materials'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
Nano One Materials's asset turnover of this year was 0. Nano One Materials's asset turnover of last year was 0.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Nano One Materials has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Nano One Materials (TSX:NANO) has a Piotroski F-Score of 3 as of Jul. 06, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Nano One Materials and its competitors. This is near median its historical median of 3.00. Over the past decade, Nano One Materials' Piotroski F-Score has ranged from 1.00 to 4.00. According to the industry distribution chart, Nano One Materials ranks #1279 out of 1562 companies in the Chemicals industry, placing it in the top 81.9%.
Is Nano One Materials' Piotroski F-Score too high?
Nano One Materials' 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 4.00. The Chemicals industry median Piotroski F-Score is 5.00. Nano One Materials' value of 3 is 40% below this industry median. Based on the distribution chart, Nano One Materials ranks #1279 out of 1562 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Nano One Materials has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Nano One Materials' Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Nano One Materials ranks #1279 out of 1562 companies for Piotroski F-Score. This places Nano One Materials in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Nano One Materials' value of 3 is 40% below this benchmark. Historically, Nano One Materials' own Piotroski F-Score has ranged from 1.00 to 4.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Nano One Materials 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,562 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. Nano One Materials's current Piotroski F-Score of 3 is 40% 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 Nano One Materials and its competitors. For the Chemicals 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. Nano One Materials'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 Nano One Materials stock overvalued right now?
Nano One Materials (TSX:NANO) 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 40% below the Chemicals industry median of 5.00. Nano One Materials' overall GF Score™ is 24/100 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 Nano One Materials (TSX:NANO), the current Piotroski F-Score is 3 as of Jul. 06, 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.
Nano One Materials Corp is a technology company changing how the world makes cathode active materials for lithium-ion batteries. Its applications include stationary energy storage systems (ESS), portable electronics, and electric vehicles (EVs). The Company's patented One-Pot process reduces costs, is easier to permit, lowers energy intensity, environmental footprint, and reliance on problematic supply chains. Its production is being piloted and demonstrated in Candiac, Quebec, drawing on existing plant and decades of commercial lithium-iron phosphate (LFP) manufacturing experience. It supports the drive towards energy security, supply chain resilience, industrial competitiveness, and improved performance through process innovation.
24GF Score
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