RAMM Pharma (XCNQ:RAMM) Piotroski F-Score: 4 (As of Jul. 02, 2026) — Near Median


What is RAMM Pharma Piotroski F-Score?

RAMM Pharma XCNQ:RAMM Piotroski F-Score is 4 as of Jul. 02, 2026, which is at its 10-year median of 4.00. The stock has 4 warning signs investors should review. Among 981 Drug Manufacturers companies, RAMM Pharma 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

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

XCNQ:RAMM' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 6
Current: 4

During the past 8 years, the highest Piotroski F-Score of RAMM Pharma was 6. The lowest was 2. And the median was 4.

RAMM Pharma  (XCNQ:RAMM) 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.


RAMM Pharma Piotroski F-Score Related Terms


RAMM Pharma Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for RAMM Pharma'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.

RAMM Pharma Piotroski F-Score Chart

RAMM Pharma Annual Data
Trend Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Piotroski F-Score
Get a 7-Day Free Trial 2.00 3.00 5.00 5.00 4.00

RAMM Pharma 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 5.00 5.00 5.00 4.00 4.00

XCNQ:RAMM vs ZTS, UTHR: Piotroski F-Score Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, RAMM Pharma'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.


RAMM Pharma Piotroski F-Score vs Drug Manufacturers Industry

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

* The bar in red indicates where RAMM Pharma'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 -0.207 + -0.523 + -7.157 + -0.759 = C$-8.65 Mil.
Cash Flow from Operations was -0.476 + -0.239 + -0.084 + -0.336 = C$-1.14 Mil.
Revenue was 0.862 + 0.883 + 0.606 + 0.213 = C$2.56 Mil.
Gross Profit was 0.15 + 0.001 + 0.695 + 0.136 = C$0.98 Mil.
Average Total Assets from the begining of this year (Jan25)
to the end of this year (Jan26) was
(15.55 + 15.552 + 14.938 + 9.27 + 8.45) / 5 = C$12.752 Mil.
Total Assets at the begining of this year (Jan25) was C$15.55 Mil.
Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.
Total Current Assets was C$2.34 Mil.
Total Current Liabilities was C$3.56 Mil.
Net Income was -1.734 + -0.994 + -11.483 + -1.022 = C$-15.23 Mil.

Revenue was 1.157 + 1.208 + 1.021 + 1.01 = C$4.40 Mil.
Gross Profit was 0.38 + 0.619 + 0.518 + 0.224 = C$1.74 Mil.
Average Total Assets from the begining of last year (Jan24)
to the end of last year (Jan25) was
(30.302 + 28.779 + 27.41 + 16.749 + 15.55) / 5 = C$23.758 Mil.
Total Assets at the begining of last year (Jan24) was C$30.30 Mil.
Long-Term Debt & Capital Lease Obligation was C$0.08 Mil.
Total Current Assets was C$4.46 Mil.
Total Current Liabilities was C$3.04 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.

RAMM Pharma's current Net Income (TTM) was -8.65. ==> 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.

RAMM Pharma's current Cash Flow from Operations (TTM) was -1.14. ==> 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 (Jan25)
=-8.646/15.55
=-0.55601286

ROA (Last Year)=Net Income/Total Assets (Jan24)
=-15.233/30.302
=-0.50270609

RAMM Pharma's return on assets of this year was -0.55601286. RAMM Pharma's return on assets of last year was -0.50270609. ==> Last year is higher ==> Score 0.

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.

RAMM Pharma's current Net Income (TTM) was -8.65. RAMM Pharma's current Cash Flow from Operations (TTM) was -1.14. ==> -1.14 > -8.65 ==> 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
=0/12.752
=0

Gearing (Last Year: Jan25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jan24 to Jan25
=0.076/23.758
=0.00319892

RAMM Pharma's gearing of this year was 0. RAMM Pharma's gearing of last year was 0.00319892. ==> 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
=2.336/3.558
=0.65654862

Current Ratio (Last Year: Jan25)=Total Current Assets/Total Current Liabilities
=4.459/3.044
=1.46484888

RAMM Pharma's current ratio of this year was 0.65654862. RAMM Pharma's current ratio of last year was 1.46484888. ==> 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.

RAMM Pharma's number of shares in issue this year was 119.389. RAMM Pharma's number of shares in issue last year was 119.389. ==> 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
=0.982/2.564
=0.38299532

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1.741/4.396
=0.39604186

RAMM Pharma's gross margin of this year was 0.38299532. RAMM Pharma's gross margin of last year was 0.39604186. ==> 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)
=2.564/15.55
=0.16488746

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jan24)
=4.396/30.302
=0.14507293

RAMM Pharma's asset turnover of this year was 0.16488746. RAMM Pharma's asset turnover of last year was 0.14507293. ==> 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+0+1+1+0+1+0+1
=4

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

RAMM Pharma 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?
RAMM Pharma (XCNQ:RAMM) has a Piotroski F-Score of 4 as of Jul. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on RAMM Pharma and its competitors. This is near median its historical median of 4.00. Over the past decade, RAMM Pharma's Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, RAMM Pharma ranks #597 out of 981 companies in the Drug Manufacturers industry, placing it in the top 60.9%.
Is RAMM Pharma's Piotroski F-Score too high?
RAMM Pharma's current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 6.00. The Drug Manufacturers industry median Piotroski F-Score is 5.00. RAMM Pharma's value of 4 is 20% below this industry median. Based on the distribution chart, RAMM Pharma ranks #597 out of 981 companies in the Drug Manufacturers industry, which is below the industry midpoint.
How does RAMM Pharma's Piotroski F-Score compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, RAMM Pharma ranks #597 out of 981 companies for Piotroski F-Score. This places RAMM Pharma in the lower half of its industry. The industry median Piotroski F-Score is 5.00. RAMM Pharma's value of 4 is 20% below this benchmark. Historically, RAMM Pharma's own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, RAMM Pharma 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. RAMM Pharma'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 RAMM Pharma 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. RAMM Pharma's current Piotroski F-Score is 4, which is near median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RAMM Pharma stock overvalued right now?
Based on GuruFocus' analysis, RAMM Pharma (XCNQ:RAMM) is currently considered Fairly Valued. The stock's GF Value™ is C$0.01, compared to a current price of C$0.01 — trading right at its estimated fair value. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 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 RAMM Pharma (XCNQ:RAMM), the current Piotroski F-Score is 4 as of Jul. 02, 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.

RAMM Pharma Business Description

Address 82 Richmond Street E, Toronto, ON, CAN, M5C 1P1
RAMM Pharma Corp is engaged in the pharmaceutical and medical product business, including cannabinoid pharmacology and product formulation for cannabis-based pharmaceuticals and other cannabis-based products. The group generates revenue from the sale of medical devices and consumables, the sale of pharmaceutical products, and sale of cosmetics. Geographically, it derives a majority of its revenue from Uruguay.