Quantum eMotion (TSXV:QNC) Piotroski F-Score: 6 (As of Jul. 04, 2026) — 100% Above Median


TSXV:QNC Quantum eMotion Corp TSXV:QNC
31 GF Score
Price C$4.28
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What is Quantum eMotion Piotroski F-Score?

Quantum eMotion TSXV:QNC +1.90% 31 Piotroski F-Score is 6 as of Jul. 04, 2026, which is 100% above its 10-year median of 3.00. GuruFocus rates TSXV:QNC with a GF Score™ of 31/100. The stock has 1 warning sign investors should review. Among 2,742 Software companies, Quantum eMotion ranks better than 78.74% 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

Quantum eMotion has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

TSXV:QNC' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 6
Current: 6

During the past 13 years, the highest Piotroski F-Score of Quantum eMotion was 6. The lowest was 1. And the median was 3.

Quantum eMotion  (TSXV:QNC) 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.


Quantum eMotion Piotroski F-Score Related Terms


Quantum eMotion Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Quantum eMotion'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.

Quantum eMotion Piotroski F-Score Chart

Quantum eMotion Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 4.00 3.00 1.00 5.00

Quantum eMotion 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 4.00 3.00 5.00 6.00

TSXV:QNC vs MSFT, ORCL, PLTR: Piotroski F-Score Comparison

For the Software - Infrastructure subindustry, Quantum eMotion'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.


Quantum eMotion Piotroski F-Score vs Software Industry

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

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


TSXV:QNC
31GF Score
Quantum eMotion Corp TSXV:QNC
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 -1.517 + -1.687 + -3.992 + -3.588 = C$-10.78 Mil.
Cash Flow from Operations was -1.139 + -0.998 + -1.278 + -2.081 = C$-5.50 Mil.
Revenue was 0 + 0 + 0.011 + 0.011 = C$0.02 Mil.
Gross Profit was 0 + 0 + 0.011 + 0.011 = C$0.02 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(12.086 + 24.575 + 26.129 + 42.887 + 41.859) / 5 = C$29.5072 Mil.
Total Assets at the begining of this year (Mar25) was C$12.09 Mil.
Long-Term Debt & Capital Lease Obligation was C$0.01 Mil.
Total Current Assets was C$38.73 Mil.
Total Current Liabilities was C$0.89 Mil.
Net Income was -0.728 + -0.597 + -1.151 + -3.351 = C$-5.83 Mil.

Revenue was 0 + 0 + 0 + 0 = C$0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = C$0.00 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1.916 + 1.321 + 0.817 + 1.857 + 12.086) / 5 = C$3.5994 Mil.
Total Assets at the begining of last year (Mar24) was C$1.92 Mil.
Long-Term Debt & Capital Lease Obligation was C$0.05 Mil.
Total Current Assets was C$11.76 Mil.
Total Current Liabilities was C$0.61 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.

Quantum eMotion's current Net Income (TTM) was -10.78. ==> 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.

Quantum eMotion's current Cash Flow from Operations (TTM) was -5.50. ==> 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)
=-10.784/12.086
=-0.89227205

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-5.827/1.916
=-3.04123173

Quantum eMotion's return on assets of this year was -0.89227205. Quantum eMotion's return on assets of last year was -3.04123173. ==> 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.

Quantum eMotion's current Net Income (TTM) was -10.78. Quantum eMotion's current Cash Flow from Operations (TTM) was -5.50. ==> -5.50 > -10.78 ==> 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
=0.01/29.5072
=0.0003389

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0.049/3.5994
=0.01361338

Quantum eMotion's gearing of this year was 0.0003389. Quantum eMotion's gearing of last year was 0.01361338. ==> 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
=38.73/0.893
=43.37066069

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=11.757/0.613
=19.17944535

Quantum eMotion's current ratio of this year was 43.37066069. Quantum eMotion's current ratio of last year was 19.17944535. ==> 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.

Quantum eMotion's number of shares in issue this year was 219.011. Quantum eMotion's number of shares in issue last year was 170.684. ==> 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
=0.022/0.022
=1

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

Quantum eMotion's gross margin of this year was 1. Quantum eMotion'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)
=0.022/12.086
=0.00182029

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=0/1.916
=0

Quantum eMotion's asset turnover of this year was 0.00182029. Quantum eMotion'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+1+1+1+1+0+1+1
=6

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

Quantum eMotion has an F-score of 6 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 6 mean?
Quantum eMotion (TSXV:QNC) has a Piotroski F-Score of 6 as of Jul. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Quantum eMotion and its competitors. This is 100% above median its historical median of 3.00. Over the past decade, Quantum eMotion's Piotroski F-Score has ranged from 1.00 to 6.00. According to the industry distribution chart, Quantum eMotion ranks #583 out of 2742 companies in the Software industry, placing it in the top 21.3%.
Is Quantum eMotion's Piotroski F-Score too high?
Quantum eMotion's current Piotroski F-Score of 6 is 100% 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 6.00. The Software industry median Piotroski F-Score is 5.00. Quantum eMotion's value of 6 is 20% above this industry median. Based on the distribution chart, Quantum eMotion ranks #583 out of 2742 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Quantum eMotion has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Quantum eMotion's Piotroski F-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, Quantum eMotion ranks #583 out of 2742 companies for Piotroski F-Score. This places Quantum eMotion in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Quantum eMotion's value of 6 is 20% above this benchmark. Historically, Quantum eMotion's own Piotroski F-Score has ranged from 1.00 to 6.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Quantum eMotion 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,742 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. Quantum eMotion's current Piotroski F-Score of 6 is 20% 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 Quantum eMotion 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. Quantum eMotion's current Piotroski F-Score is 6, which is 100% 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 Quantum eMotion stock overvalued right now?
Quantum eMotion (TSXV:QNC) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is 100% above median its 10-year median of 3.00 and 20% above the Software industry median of 5.00. Quantum eMotion's overall GF Score™ is 31/100 with 1 warning sign 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 Quantum eMotion (TSXV:QNC), the current Piotroski F-Score is 6 as of Jul. 04, 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.

Quantum eMotion Business Description

Other Exchanges QNC:USA34Q0:Germany
Address 2300 Alfred Nobel Boulevard, bureau 209, Montreal, QC, CAN, H4S 2A4
Quantum eMotion Corp is a technology development company focused on developing and commercializing intellectual property in quantum-based cryptographic and cybersecurity solutions. The company delivers quantum-based security solutions in software and hardware that embed true quantum randomness at the chip level. Its software offerings include Sentry-Q for securing data across networks and applications; eFlux-Q, a cloud-based entropy distribution system for cryptographic systems and key generation; eCrypto-Q, a developer toolkit combining electron-based QRNG and post-quantum cryptography; and eHot-Q, a quantum-safe hot wallet SDK for digital asset protection. Its hardware solution includes eCore-Q, an electron-based QRNG providing high-speed entropy for cryptographic, AI, and IoT systems.
31GF Score

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

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