Green Rise Foods (TSXV:GRF) Piotroski F-Score: 7 (As of Jul. 14, 2026) — 40% Above Median

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TSXV:GRF Green Rise Foods Inc TSXV:GRF
49 GF Score
Price C$0.21
GF Value C$0.58
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Green Rise Foods Piotroski F-Score?

Green Rise Foods TSXV:GRF 49 Piotroski F-Score is 7 as of Jul. 14, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates TSXV:GRF with a GF Score™ of 49/100 and a GF Value™ of C$0.58 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,914 Consumer Packaged Goods companies, Green Rise Foods ranks better than 88.35% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Green Rise Foods has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Green Rise Foods's Piotroski F-Score or its related term are showing as below:

TSXV:GRF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 7

During the past 9 years, the highest Piotroski F-Score of Green Rise Foods was 7. The lowest was 3. And the median was 5.

Green Rise Foods  (TSXV:GRF) 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.


Green Rise Foods Piotroski F-Score Related Terms


Green Rise Foods Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Green Rise Foods'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.

Green Rise Foods Piotroski F-Score Chart

Green Rise Foods Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 4.00 5.00 5.00 7.00 5.00

Green Rise Foods 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 6.00 5.00 4.00 5.00 7.00

TSXV:GRF vs ADM, BG, TSN: Piotroski F-Score Comparison

For the Farm Products subindustry, Green Rise Foods'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.


Green Rise Foods Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Green Rise Foods's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Green Rise Foods's Piotroski F-Score falls into.


TSXV:GRF
49GF Score
Green Rise Foods Inc TSXV:GRF
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 1.955 + 0.233 + -3.098 + 1.123 = C$0.21 Mil.
Cash Flow from Operations was 0.238 + 2.776 + 6.123 + -0.317 = C$8.82 Mil.
Revenue was 12.208 + 11.544 + 7.678 + 0.96 = C$32.39 Mil.
Gross Profit was 3.489 + 1.628 + -1.896 + 2.578 = C$5.80 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(57.83 + 59.29 + 53.828 + 50.456 + 56.629) / 5 = C$55.6066 Mil.
Total Assets at the begining of this year (Mar25) was C$57.83 Mil.
Long-Term Debt & Capital Lease Obligation was C$0.07 Mil.
Total Current Assets was C$10.55 Mil.
Total Current Liabilities was C$53.54 Mil.
Net Income was 2.227 + 0.601 + -3.517 + 0.263 = C$-0.43 Mil.

Revenue was 12.62 + 11.784 + 5.561 + 0.511 = C$30.48 Mil.
Gross Profit was 4.261 + 2.52 + -3.383 + 2.173 = C$5.57 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(59.216 + 60.729 + 55.197 + 51.014 + 57.83) / 5 = C$56.7972 Mil.
Total Assets at the begining of last year (Mar24) was C$59.22 Mil.
Long-Term Debt & Capital Lease Obligation was C$40.34 Mil.
Total Current Assets was C$10.23 Mil.
Total Current Liabilities was C$14.90 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.

Green Rise Foods's current Net Income (TTM) was 0.21. ==> Positive ==> Score 1.

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.

Green Rise Foods's current Cash Flow from Operations (TTM) was 8.82. ==> 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 (Mar25)
=0.213/57.83
=0.00368321

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-0.426/59.216
=-0.007194

Green Rise Foods's return on assets of this year was 0.00368321. Green Rise Foods's return on assets of last year was -0.007194. ==> 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.

Green Rise Foods's current Net Income (TTM) was 0.21. Green Rise Foods's current Cash Flow from Operations (TTM) was 8.82. ==> 8.82 > 0.21 ==> 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
=0.074/55.6066
=0.00133078

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=40.343/56.7972
=0.7102991

Green Rise Foods's gearing of this year was 0.00133078. Green Rise Foods's gearing of last year was 0.7102991. ==> 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
=10.545/53.542
=0.19694819

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=10.225/14.903
=0.68610347

Green Rise Foods's current ratio of this year was 0.19694819. Green Rise Foods's current ratio of last year was 0.68610347. ==> 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.

Green Rise Foods's number of shares in issue this year was 47.639. Green Rise Foods's number of shares in issue last year was 47.736. ==> 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
=5.799/32.39
=0.17903674

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5.571/30.476
=0.18279958

Green Rise Foods's gross margin of this year was 0.17903674. Green Rise Foods's gross margin of last year was 0.18279958. ==> 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 (Mar25)
=32.39/57.83
=0.56008992

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=30.476/59.216
=0.5146582

Green Rise Foods's asset turnover of this year was 0.56008992. Green Rise Foods's asset turnover of last year was 0.5146582. ==> 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
=1+1+1+1+1+0+1+0+1
=7

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

Green Rise Foods has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Green Rise Foods (TSXV:GRF) has a Piotroski F-Score of 7 as of Jul. 14, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Green Rise Foods and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, Green Rise Foods' Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Green Rise Foods ranks #223 out of 1914 companies in the Consumer Packaged Goods industry, placing it in the top 11.7%.
Is Green Rise Foods' Piotroski F-Score too high?
Green Rise Foods' current Piotroski F-Score of 7 is 40% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Green Rise Foods' value of 7 is 40% above this industry median. Based on the distribution chart, Green Rise Foods ranks #223 out of 1914 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Green Rise Foods has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Green Rise Foods' Piotroski F-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Green Rise Foods ranks #223 out of 1914 companies for Piotroski F-Score. This places Green Rise Foods in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Green Rise Foods' value of 7 is 40% above this benchmark. Historically, Green Rise Foods' own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Green Rise Foods 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,914 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. Green Rise Foods's current Piotroski F-Score of 7 is 40% 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 Green Rise Foods and its competitors. For the Consumer Packaged Goods 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. Green Rise Foods's current Piotroski F-Score is 7, which is 40% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Green Rise Foods stock overvalued right now?
Based on GuruFocus' analysis, Green Rise Foods (TSXV:GRF) is currently considered Possible Value Trap. The stock's GF Value™ is C$0.58, compared to a current price of C$0.21 — trading 63.8% below its estimated fair value. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 40% above the Consumer Packaged Goods industry median of 5.00. Green Rise Foods' overall GF Score™ is 49/100 with 5 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 Green Rise Foods (TSXV:GRF), the current Piotroski F-Score is 7 as of Jul. 14, 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 Green Rise Foods (TSXV:GRF) Overvalued in 2026?

Based on GuruFocus' analysis, Green Rise Foods stock appears to be undervalued. The current stock price of C$0.21 is trading 63.8% below its estimated GF Value™ of C$0.58. GuruFocus considers Green Rise Foods to be Possible Value Trap.

Key valuation signals for TSXV:GRF:

  • Piotroski F-Score: 7 (40% above median its 10-year median of 5.00)
  • GF Value™: C$0.58 vs. price of C$0.21 (63.8% below fair value)
  • GF Score™: 49/100 with 5 warning signs
  • Industry Position: 40% above the Consumer Packaged Goods median (#223 of 1914)

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


Green Rise Foods Business Description

Address 2 Victoria Street, Toronto, ON, CAN, M5E 1L4
Green Rise Foods Inc is a grower of fresh produce using controlled environment agriculture technologies. It has several acres of indoor controlled greenhouse ranges across Leamington and Kingsville in Ontario, Canada, where the company produces its agricultural products. The company's product offerings include different varieties of peppers, tomatoes, medley, piccolo, and kumato. Its operations consist of a single reporting segment, growing and selling produce in Canada.
49GF Score

Get the complete analysis for TSXV:GRF

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

C$0.21
Price
C$0.58
GF Value