UDOCF (UniDoc Health) Piotroski F-Score: 5 (As of Jun. 26, 2026) — 67% Above Median


What is UniDoc Health Piotroski F-Score?

UniDoc Health UDOCF -13.21% Piotroski F-Score is 5 as of Jun. 26, 2026, which is 67% above its 10-year median of 3.00. The stock has 4 warning signs investors should review. Among 652 Healthcare Providers & Services companies, UniDoc Health ranks better than 54.6% 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

UniDoc Health has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

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

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

UniDoc Health  (OTCPK:UDOCF) 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.


UniDoc Health Piotroski F-Score Related Terms


UniDoc Health Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for UniDoc Health'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.

UniDoc Health Piotroski F-Score Chart

UniDoc Health Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Piotroski F-Score
N/A N/A 3.00 3.00 2.00

UniDoc Health Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 2.00 2.00 4.00 5.00 5.00

UDOCF vs VEEV, BTSG, TEM: Piotroski F-Score Comparison

For the Health Information Services subindustry, UniDoc Health'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.


UniDoc Health Piotroski F-Score vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, UniDoc Health's Piotroski F-Score distribution charts can be found below:

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


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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was -0.688 + -0.47 + -0.633 + -0.443 = $-2.23 Mil.
Cash Flow from Operations was -0.703 + -0.398 + -0.196 + -0.842 = $-2.14 Mil.
Revenue was 0 + 0.098 + 0.235 + 0.173 = $0.51 Mil.
Gross Profit was 0 + 0.052 + 0.105 + 0.071 = $0.23 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(2.219 + 2.024 + 1.727 + 1.287 + 1.667) / 5 = $1.7848 Mil.
Total Assets at the begining of this year (Dec24) was $2.22 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $1.08 Mil.
Total Current Liabilities was $1.62 Mil.
Net Income was -0.581 + -1.389 + -1.205 + -1.081 = $-4.26 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 (Dec23)
to the end of last year (Dec24) was
(0.362 + 0.382 + 0.279 + 0.375 + 2.219) / 5 = $0.7234 Mil.
Total Assets at the begining of last year (Dec23) was $0.36 Mil.
Long-Term Debt & Capital Lease Obligation was $0.01 Mil.
Total Current Assets was $2.21 Mil.
Total Current Liabilities was $1.09 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.

UniDoc Health's current Net Income (TTM) was -2.23. ==> 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.

UniDoc Health's current Cash Flow from Operations (TTM) was -2.14. ==> 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 (Dec24)
=-2.234/2.219
=-1.0067598

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-4.256/0.362
=-11.75690608

UniDoc Health's return on assets of this year was -1.0067598. UniDoc Health's return on assets of last year was -11.75690608. ==> 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.

UniDoc Health's current Net Income (TTM) was -2.23. UniDoc Health's current Cash Flow from Operations (TTM) was -2.14. ==> -2.14 > -2.23 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=0.002/1.7848
=0.00112057

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0.01/0.7234
=0.01382361

UniDoc Health's gearing of this year was 0.00112057. UniDoc Health's gearing of last year was 0.01382361. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=1.075/1.622
=0.66276202

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=2.214/1.092
=2.02747253

UniDoc Health's current ratio of this year was 0.66276202. UniDoc Health's current ratio of last year was 2.02747253. ==> 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.

UniDoc Health's number of shares in issue this year was 83.524. UniDoc Health's number of shares in issue last year was 61.798. ==> 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
=0.228/0.506
=0.45059289

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

UniDoc Health's gross margin of this year was 0.45059289. UniDoc Health'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 (Dec24)
=0.506/2.219
=0.22803064

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=0/0.362
=0

UniDoc Health's asset turnover of this year was 0.22803064. UniDoc Health'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+0+0+1+1
=5

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

UniDoc Health has an F-score of 5 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 5 mean?
UniDoc Health (UDOCF) has a Piotroski F-Score of 5 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on UniDoc Health and its competitors. This is 67% above median its historical median of 3.00. Over the past decade, UniDoc Health's Piotroski F-Score has ranged from 1.00 to 5.00. According to the industry distribution chart, UniDoc Health ranks #296 out of 652 companies in the Healthcare Providers & Services industry, placing it in the top 45.4%.
Is UniDoc Health's Piotroski F-Score too high?
UniDoc Health's current Piotroski F-Score of 5 is 67% 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 Healthcare Providers & Services industry median Piotroski F-Score is 5.00. UniDoc Health's value of 5 is 0% at this industry median. Based on the distribution chart, UniDoc Health ranks #296 out of 652 companies in the Healthcare Providers & Services industry, which is above the industry midpoint.
How does UniDoc Health's Piotroski F-Score compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, UniDoc Health ranks #296 out of 652 companies for Piotroski F-Score. This puts UniDoc Health in the upper half of its industry. The industry median Piotroski F-Score is 5.00. UniDoc Health's value of 5 is 0% at this benchmark. Historically, UniDoc Health's 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, UniDoc Health has consistently been at 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 Healthcare Providers & Services company?
The median Piotroski F-Score among Healthcare Providers & Services companies is 5.00, based on 652 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. UniDoc Health's current Piotroski F-Score of 5 is 0% at 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 UniDoc Health and its competitors. For the Healthcare Providers & Services 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. UniDoc Health's current Piotroski F-Score is 5, which is 67% 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 UniDoc Health stock overvalued right now?
UniDoc Health (UDOCF) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is 67% above median its 10-year median of 3.00 and 0% at the Healthcare Providers & Services industry median of 5.00. 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 UniDoc Health (UDOCF), the current Piotroski F-Score is 5 as of Jun. 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.

UniDoc Health Business Description

Other Exchanges L7T:GermanyUDOC:Canada
Address Unit 18, 81 Zenway Boulevard, Woodbridge, ON, CAN, L4H 0S5
UniDoc Health Corp operates in the healthcare services industry and plans to operate telehealth units that contain fully integrated diagnostic tools and will provide patients with the ability to have a live virtual visit with a doctor or other health professional. The company operates in the USA and Canada.