XCRT (Xcelerate) Piotroski F-Score: 4 (As of Aug. 03, 2026) — Near Median

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What is Xcelerate Piotroski F-Score?

Xcelerate XCRT -2.36% Piotroski F-Score is 4 as of Aug. 03, 2026, which is at its 10-year median of 4.00. The stock has 4 warning signs investors should review. Among 645 Healthcare Providers & Services companies, Xcelerate ranks worse than 66.82% 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

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

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

During the past 7 years, the highest Piotroski F-Score of Xcelerate was 6. The lowest was 4. And the median was 4.

Xcelerate  (OTCPK:XCRT) 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.


Xcelerate Piotroski F-Score Related Terms


Xcelerate Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Xcelerate'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.

Xcelerate Piotroski F-Score Chart

Xcelerate Annual Data
Trend Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07
Piotroski F-Score
Get a 7-Day Free Trial N/A 0.00 N/A 3.00 7.00

Xcelerate Quarterly Data
Nov04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Jun24 Sep24 Jun25 Sep25
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 6.00 6.00 N/A 4.00 4.00

XCRT vs RHEP, NIVF, VLXC: Piotroski F-Score Comparison

For the Medical Care Facilities subindustry, Xcelerate'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.


Xcelerate Piotroski F-Score vs Healthcare Providers & Services Industry

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

* The bar in red indicates where Xcelerate'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 (Sep25) TTM:Last Year (Sep08) TTM:
Net Income was -0.202 + -0.148 + -0.162 + -0.065 = $-0.58 Mil.
Cash Flow from Operations was 0 + -0.293 + 0 + 0.185 = $-0.11 Mil.
Revenue was 0.766 + 0.558 + 0.535 + 0.532 = $2.39 Mil.
Gross Profit was 0.167 + 0.207 + 0.086 + 0.217 = $0.68 Mil.
Average Total Assets from the begining of this year (Sep08)
to the end of this year (Sep25) was
(0.645 + 0 + 0 + 1.58 + 1.8) / 5 = $1.34166667 Mil.
Total Assets at the begining of this year (Sep08) was $0.65 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $1.01 Mil.
Total Current Liabilities was $3.48 Mil.
Net Income was -0.075 + 0.012 + -0.184 + 0.197 = $-0.05 Mil.

Revenue was 0.647 + 0.71 + 0.74 + 0.519 = $2.62 Mil.
Gross Profit was 0.565 + 0.603 + 0.632 + 0.451 = $2.25 Mil.
Average Total Assets from the begining of last year (Sep07)
to the end of last year (Sep08) was
(0.458 + 0.571 + 0.46 + 0.552 + 0.645) / 5 = $0.5372 Mil.
Total Assets at the begining of last year (Sep07) was $0.46 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.33 Mil.
Total Current Liabilities was $2.95 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.

Xcelerate's current Net Income (TTM) was -0.58. ==> 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.

Xcelerate's current Cash Flow from Operations (TTM) was -0.11. ==> 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 (Sep08)
=-0.577/0.645
=-0.89457364

ROA (Last Year)=Net Income/Total Assets (Sep07)
=-0.05/0.458
=-0.10917031

Xcelerate's return on assets of this year was -0.89457364. Xcelerate's return on assets of last year was -0.10917031. ==> 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.

Xcelerate's current Net Income (TTM) was -0.58. Xcelerate's current Cash Flow from Operations (TTM) was -0.11. ==> -0.11 > -0.58 ==> 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: Sep25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep08 to Sep25
=0/1.34166667
=0

Gearing (Last Year: Sep08)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep07 to Sep08
=0/0.5372
=0

Xcelerate's gearing of this year was 0. Xcelerate's gearing of last year was 0. ==> 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: Sep25)=Total Current Assets/Total Current Liabilities
=1.012/3.476
=0.29113924

Current Ratio (Last Year: Sep08)=Total Current Assets/Total Current Liabilities
=0.333/2.953
=0.11276668

Xcelerate's current ratio of this year was 0.29113924. Xcelerate's current ratio of last year was 0.11276668. ==> 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.

Xcelerate's number of shares in issue this year was 434.446. Xcelerate's number of shares in issue last year was 443.061. ==> 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
=0.677/2.391
=0.28314513

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2.251/2.616
=0.86047401

Xcelerate's gross margin of this year was 0.28314513. Xcelerate's gross margin of last year was 0.86047401. ==> 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 (Sep08)
=2.391/0.645
=3.70697674

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep07)
=2.616/0.458
=5.71179039

Xcelerate's asset turnover of this year was 3.70697674. Xcelerate's asset turnover of last year was 5.71179039. ==> 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+0+1+1+1+1+0+0
=4

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

Xcelerate 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?
Xcelerate (XCRT) has a Piotroski F-Score of 4 as of Aug. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Xcelerate and its competitors. This is near median its historical median of 4.00. Over the past decade, Xcelerate's Piotroski F-Score has ranged from 4.00 to 6.00. According to the industry distribution chart, Xcelerate ranks #431 out of 645 companies in the Healthcare Providers & Services industry, placing it in the top 66.8%.
Is Xcelerate's Piotroski F-Score too high?
Xcelerate'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 4.00 to a high of 6.00. The Healthcare Providers & Services industry median Piotroski F-Score is 5.00. Xcelerate's value of 4 is 20% below this industry median. Based on the distribution chart, Xcelerate ranks #431 out of 645 companies in the Healthcare Providers & Services industry, which is below the industry midpoint.
How does Xcelerate's Piotroski F-Score compare to RHEP and NIVF?
According to the Healthcare Providers & Services industry distribution chart, Xcelerate ranks #431 out of 645 companies for Piotroski F-Score. This places Xcelerate in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Xcelerate's value of 4 is 20% below this benchmark. Historically, Xcelerate's own Piotroski F-Score has ranged from 4.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Xcelerate 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 Healthcare Providers & Services company?
The median Piotroski F-Score among Healthcare Providers & Services companies is 5.00, based on 645 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. Xcelerate'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 Xcelerate 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. Xcelerate'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 Xcelerate stock overvalued right now?
Xcelerate (XCRT) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below 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 Xcelerate (XCRT), the current Piotroski F-Score is 4 as of Aug. 03, 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.

Xcelerate Business Description

Address 110 Renaissance Circle, Mauldin, SC, USA, 29662
Xcelerate Inc is a healthcare services and products company engaged in three separate but related businesses within the medical, health, and wellness sectors. It is focused on the development of medical technology and the provision of virtual health services to help patients in developing countries meet their medical needs by extending the reach of physicians through technology. The company is also involved in the formulation, packaging, and marketing of consumer health and beauty, clinically tested skin and hair care products, and owns and licenses the rights to various forms of medical equipment.