VENCF (Vencanna Ventures) Piotroski F-Score: 4 (As of Jun. 24, 2026) — 33% Above Median


What is Vencanna Ventures Piotroski F-Score?

Vencanna Ventures VENCF +80.00% Piotroski F-Score is 4 as of Jun. 24, 2026, which is 33% above its 10-year median of 3.00. The stock has 4 warning signs investors should review. Among 981 Drug Manufacturers companies, Vencanna Ventures ranks worse than 60.86% 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

Vencanna Ventures has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

VENCF' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 5
Current: 4

During the past 13 years, the highest Piotroski F-Score of Vencanna Ventures was 5. The lowest was 1. And the median was 3.

Vencanna Ventures  (OTCPK:VENCF) 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.


Vencanna Ventures Piotroski F-Score Related Terms


Vencanna Ventures Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Vencanna Ventures'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.

Vencanna Ventures Piotroski F-Score Chart

Vencanna Ventures Annual Data
Trend Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.00 5.00 2.00 1.00 3.00

Vencanna Ventures Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26
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 3.00 4.00 3.00 4.00

VENCF vs ZTS: Piotroski F-Score Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Vencanna Ventures'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.


Vencanna Ventures Piotroski F-Score vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Vencanna Ventures's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Vencanna Ventures'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 (Jan26) TTM:Last Year (Jan25) TTM:
Net Income was -0.881 + -0.562 + -0.403 + -0.297 = $-2.14 Mil.
Cash Flow from Operations was -0.099 + -0.177 + -0.132 + -0.065 = $-0.47 Mil.
Revenue was 0.634 + 0.56 + 0.414 + 0.418 = $2.03 Mil.
Gross Profit was -0.403 + -0.252 + -0.107 + -0.034 = $-0.80 Mil.
Average Total Assets from the begining of this year (Jan25)
to the end of this year (Jan26) was
(6.629 + 5.611 + 4.967 + 2.87 + 2.786) / 5 = $4.5726 Mil.
Total Assets at the begining of this year (Jan25) was $6.63 Mil.
Long-Term Debt & Capital Lease Obligation was $0.39 Mil.
Total Current Assets was $0.62 Mil.
Total Current Liabilities was $1.62 Mil.
Net Income was -0.001 + -0.787 + -0.546 + -1.646 = $-2.98 Mil.

Revenue was 0 + 1.254 + 1.16 + 0.965 = $3.38 Mil.
Gross Profit was 0 + 0.086 + 0.298 + 0.406 = $0.79 Mil.
Average Total Assets from the begining of last year (Jan24)
to the end of last year (Jan25) was
(6.699 + 11.559 + 10.856 + 9.933 + 6.629) / 5 = $9.1352 Mil.
Total Assets at the begining of last year (Jan24) was $6.70 Mil.
Long-Term Debt & Capital Lease Obligation was $1.74 Mil.
Total Current Assets was $2.11 Mil.
Total Current Liabilities was $1.75 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.

Vencanna Ventures's current Net Income (TTM) was -2.14. ==> 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.

Vencanna Ventures's current Cash Flow from Operations (TTM) was -0.47. ==> 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 (Jan25)
=-2.143/6.629
=-0.32327651

ROA (Last Year)=Net Income/Total Assets (Jan24)
=-2.98/6.699
=-0.44484251

Vencanna Ventures's return on assets of this year was -0.32327651. Vencanna Ventures's return on assets of last year was -0.44484251. ==> 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.

Vencanna Ventures's current Net Income (TTM) was -2.14. Vencanna Ventures's current Cash Flow from Operations (TTM) was -0.47. ==> -0.47 > -2.14 ==> 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: Jan26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jan25 to Jan26
=0.391/4.5726
=0.08550934

Gearing (Last Year: Jan25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jan24 to Jan25
=1.737/9.1352
=0.19014362

Vencanna Ventures's gearing of this year was 0.08550934. Vencanna Ventures's gearing of last year was 0.19014362. ==> 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: Jan26)=Total Current Assets/Total Current Liabilities
=0.621/1.618
=0.38380717

Current Ratio (Last Year: Jan25)=Total Current Assets/Total Current Liabilities
=2.107/1.754
=1.20125428

Vencanna Ventures's current ratio of this year was 0.38380717. Vencanna Ventures's current ratio of last year was 1.20125428. ==> 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.

Vencanna Ventures's number of shares in issue this year was 222.645. Vencanna Ventures's number of shares in issue last year was 222.645. ==> 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
=-0.796/2.026
=-0.3928924

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0.79/3.379
=0.23379698

Vencanna Ventures's gross margin of this year was -0.3928924. Vencanna Ventures's gross margin of last year was 0.23379698. ==> 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 (Jan25)
=2.026/6.629
=0.30562679

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jan24)
=3.379/6.699
=0.50440364

Vencanna Ventures's asset turnover of this year was 0.30562679. Vencanna Ventures's asset turnover of last year was 0.50440364. ==> Last year's asset turnover is higher ==> Score 0.

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+1+0+0
=4

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

Vencanna Ventures has an F-score of 4 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 4 mean?
Vencanna Ventures (VENCF) has a Piotroski F-Score of 4 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Vencanna Ventures and its competitors. This is 33% above median its historical median of 3.00. Over the past decade, Vencanna Ventures' Piotroski F-Score has ranged from 1.00 to 5.00. According to the industry distribution chart, Vencanna Ventures ranks #597 out of 981 companies in the Drug Manufacturers industry, placing it in the top 60.9%.
Is Vencanna Ventures' Piotroski F-Score too high?
Vencanna Ventures' current Piotroski F-Score of 4 is 33% 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 Drug Manufacturers industry median Piotroski F-Score is 5.00. Vencanna Ventures' value of 4 is 20% below this industry median. Based on the distribution chart, Vencanna Ventures ranks #597 out of 981 companies in the Drug Manufacturers industry, which is below the industry midpoint.
How does Vencanna Ventures' Piotroski F-Score compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Vencanna Ventures ranks #597 out of 981 companies for Piotroski F-Score. This places Vencanna Ventures in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Vencanna Ventures' value of 4 is 20% below this benchmark. Historically, Vencanna Ventures' 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, Vencanna Ventures 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 Drug Manufacturers company?
The median Piotroski F-Score among Drug Manufacturers companies is 5.00, based on 981 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. Vencanna Ventures's current Piotroski F-Score of 4 is 20% 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 Vencanna Ventures and its competitors. For the Drug Manufacturers 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. Vencanna Ventures's current Piotroski F-Score is 4, which is 33% 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 Vencanna Ventures stock overvalued right now?
Vencanna Ventures (VENCF) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is 33% above median its 10-year median of 3.00 and 20% below the Drug Manufacturers 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 Vencanna Ventures (VENCF), the current Piotroski F-Score is 4 as of Jun. 24, 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.

Vencanna Ventures Business Description

Other Exchanges VENI:Canada
Address 622 5th Avenue SW, Suite 200, Calgary, AB, CAN, T2P 0M6
Vencanna Ventures Inc aims to provide investors with a diversified, high-growth, cannabis investment plan through strategic investments and acquisitions focused throughout the value chain (cultivation, processing, and distribution), including ancillary businesses. The company generates the majority of its revenue from the United States.