VRSRF (Versarien) Piotroski F-Score: 4 (As of Jun. 24, 2026) — 100% Above Median


What is Versarien Piotroski F-Score?

Versarien VRSRF -90.00% Piotroski F-Score is 4 as of Jun. 24, 2026, which is 100% above its 10-year median of 2.00. The stock has 7 warning signs investors should review. Among 1,566 Chemicals companies, Versarien ranks worse than 65.01% 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

Versarien 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 Versarien's Piotroski F-Score or its related term are showing as below:

VRSRF' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 2   Max: 5
Current: 4

During the past 13 years, the highest Piotroski F-Score of Versarien was 5. The lowest was 1. And the median was 2.

Versarien  (OTCPK:VRSRF) 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.


Versarien Piotroski F-Score Related Terms


Versarien Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Versarien'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.

Versarien Piotroski F-Score Chart

Versarien Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Sep23 Sep24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.00 2.00 5.00 1.00 4.00

Versarien Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25
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 0.00 1.00 0.00 4.00 0.00

VRSRF vs BSLK, LIN, SHW: Piotroski F-Score Comparison

For the Specialty Chemicals subindustry, Versarien'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.


Versarien Piotroski F-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Versarien's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Versarien'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 (Sep24) TTM:Last Year (Sep23) TTM:
Net Income was $-5.45 Mil.
Cash Flow from Operations was $-2.27 Mil.
Revenue was $3.21 Mil.
Gross Profit was $0.92 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was (12.845 + 8.78) / 2 = $10.8125 Mil.
Total Assets at the begining of this year (Sep23) was $12.85 Mil.
Long-Term Debt & Capital Lease Obligation was $6.58 Mil.
Total Current Assets was $3.13 Mil.
Total Current Liabilities was $2.88 Mil.
Net Income was $-16.74 Mil.

Revenue was $3.69 Mil.
Gross Profit was $0.77 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Sep23) was (31.416 + 12.845) / 2 = $22.1305 Mil.
Total Assets at the begining of last year (Mar22) was $31.42 Mil.
Long-Term Debt & Capital Lease Obligation was $7.42 Mil.
Total Current Assets was $5.12 Mil.
Total Current Liabilities was $3.46 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.

Versarien's current Net Income (TTM) was -5.45. ==> 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.

Versarien's current Cash Flow from Operations (TTM) was -2.27. ==> 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 (Sep23)
=-5.451/12.845
=-0.42436746

ROA (Last Year)=Net Income/Total Assets (Mar22)
=-16.739/31.416
=-0.53281767

Versarien's return on assets of this year was -0.42436746. Versarien's return on assets of last year was -0.53281767. ==> 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.

Versarien's current Net Income (TTM) was -5.45. Versarien's current Cash Flow from Operations (TTM) was -2.27. ==> -2.27 > -5.45 ==> 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: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=6.581/10.8125
=0.6086474

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Sep23
=7.42/22.1305
=0.33528388

Versarien's gearing of this year was 0.6086474. Versarien's gearing of last year was 0.33528388. ==> Last year is lower than this year ==> Score 0.

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: Sep24)=Total Current Assets/Total Current Liabilities
=3.127/2.88
=1.08576389

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=5.12/3.462
=1.47891392

Versarien's current ratio of this year was 1.08576389. Versarien's current ratio of last year was 1.47891392. ==> 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.

Versarien's number of shares in issue this year was 1247.787. Versarien's number of shares in issue last year was 246.401. ==> 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
=0.918/3.206
=0.28633812

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0.769/3.692
=0.20828819

Versarien's gross margin of this year was 0.28633812. Versarien's gross margin of last year was 0.20828819. ==> 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 (Sep23)
=3.206/12.845
=0.24959128

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=3.692/31.416
=0.11751974

Versarien's asset turnover of this year was 0.24959128. Versarien's asset turnover of last year was 0.11751974. ==> 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+0+0+0+1+1
=4

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

Versarien 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?
Versarien (VRSRF) 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 Versarien and its competitors. This is 100% above median its historical median of 2.00. Over the past decade, Versarien's Piotroski F-Score has ranged from 1.00 to 5.00. According to the industry distribution chart, Versarien ranks #1018 out of 1566 companies in the Chemicals industry, placing it in the top 65%.
Is Versarien's Piotroski F-Score too high?
Versarien's current Piotroski F-Score of 4 is 100% above median its 10-year median of 2.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 5.00. The Chemicals industry median Piotroski F-Score is 5.00. Versarien's value of 4 is 20% below this industry median. Based on the distribution chart, Versarien ranks #1018 out of 1566 companies in the Chemicals industry, which is below the industry midpoint.
How does Versarien's Piotroski F-Score compare to BSLK and LIN?
According to the Chemicals industry distribution chart, Versarien ranks #1018 out of 1566 companies for Piotroski F-Score. This places Versarien in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Versarien's value of 4 is 20% below this benchmark. Historically, Versarien'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 2.00 vs. the industry median of 5.00, Versarien 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 1,566 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. Versarien'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 Versarien 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. Versarien's current Piotroski F-Score is 4, which is 100% above median its own 10-year median of 2.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Versarien stock overvalued right now?
Versarien (VRSRF) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is 100% above median its 10-year median of 2.00 and 20% below the Chemicals 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 Versarien (VRSRF), 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.

Versarien Business Description

Address Westcott Venture Park, Total Carbide's premises at Hanger 3, Buckinghamshire, Westcott, Aylesbury, GBR, HP18 0XB
Versarien PLC is an IP-led engineering materials group that utilizes proprietary technology to create new engineering solutions. The company's segments include Technology Businesses and Mature Businesses. Its products include CVD Graphene, Nanene, Graphene Oxide (GO), and others. Geographically, the company operates in the UK, North America, the Rest of Europe, and others.