XIGMF (Xigem Technologies) Piotroski F-Score: 4 (As of Jun. 25, 2026) — Near Median


What is Xigem Technologies Piotroski F-Score?

Xigem Technologies XIGMF Piotroski F-Score is 4 as of Jun. 25, 2026, which is at its 10-year median of 4.00. The stock has 4 warning signs investors should review. Among 2,742 Software companies, Xigem Technologies ranks worse than 60.07% 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

Xigem Technologies has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

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

During the past 7 years, the highest Piotroski F-Score of Xigem Technologies was 6. The lowest was 2. And the median was 4.

Xigem Technologies  (OTCPK:XIGMF) 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.


Xigem Technologies Piotroski F-Score Related Terms


Xigem Technologies Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Xigem Technologies'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.

Xigem Technologies Piotroski F-Score Chart

Xigem Technologies Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 2.00 3.00 4.00 6.00 4.00

Xigem Technologies 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 6.00 3.00 4.00 4.00 4.00

XIGMF vs CRM, SHOP, UBER: Piotroski F-Score Comparison

For the Software - Application subindustry, Xigem Technologies'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.


Xigem Technologies Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, Xigem Technologies's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Xigem Technologies'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 -0.051 + -0.059 + -0.113 + -0.101 = $-0.32 Mil.
Cash Flow from Operations was -0.243 + -0.032 + -0.013 + -0.267 = $-0.56 Mil.
Revenue was 0.382 + 0.394 + 0.666 + 0.319 = $1.76 Mil.
Gross Profit was 0.011 + 0.012 + 0.02 + 0.009 = $0.05 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(0.682 + 0.658 + 0.697 + 1.007 + 1.008) / 5 = $0.8104 Mil.
Total Assets at the begining of this year (Dec24) was $0.68 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.51 Mil.
Total Current Liabilities was $0.74 Mil.
Net Income was -0.083 + -0.128 + -0.092 + -0.052 = $-0.36 Mil.

Revenue was 0.513 + 0.525 + 0.124 + 0.103 = $1.27 Mil.
Gross Profit was 0.016 + 0.016 + 0.004 + 0.003 = $0.04 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was
(0.777 + 0.837 + 0.749 + 0.721 + 0.682) / 5 = $0.7532 Mil.
Total Assets at the begining of last year (Dec23) was $0.78 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.10 Mil.
Total Current Liabilities was $0.38 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.

Xigem Technologies's current Net Income (TTM) was -0.32. ==> 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.

Xigem Technologies's current Cash Flow from Operations (TTM) was -0.56. ==> 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)
=-0.324/0.682
=-0.47507331

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-0.355/0.777
=-0.45688546

Xigem Technologies's return on assets of this year was -0.47507331. Xigem Technologies's return on assets of last year was -0.45688546. ==> 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.

Xigem Technologies's current Net Income (TTM) was -0.32. Xigem Technologies's current Cash Flow from Operations (TTM) was -0.56. ==> -0.56 <= -0.32 ==> CFROA <= ROA ==> Score 0.

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
=0/0.8104
=0

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0/0.7532
=0

Xigem Technologies's gearing of this year was 0. Xigem Technologies'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: Dec25)=Total Current Assets/Total Current Liabilities
=0.511/0.735
=0.6952381

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=0.101/0.377
=0.26790451

Xigem Technologies's current ratio of this year was 0.6952381. Xigem Technologies's current ratio of last year was 0.26790451. ==> 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.

Xigem Technologies's number of shares in issue this year was 74.528. Xigem Technologies's number of shares in issue last year was 54.77. ==> 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
=0.052/1.761
=0.02952868

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0.039/1.265
=0.03083004

Xigem Technologies's gross margin of this year was 0.02952868. Xigem Technologies's gross margin of last year was 0.03083004. ==> 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 (Dec24)
=1.761/0.682
=2.58211144

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1.265/0.777
=1.62805663

Xigem Technologies's asset turnover of this year was 2.58211144. Xigem Technologies's asset turnover of last year was 1.62805663. ==> 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+0+1+1+0+0+1
=3

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

Xigem Technologies has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
Xigem Technologies (XIGMF) has a Piotroski F-Score of 4 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Xigem Technologies and its competitors. This is near median its historical median of 4.00. Over the past decade, Xigem Technologies' Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Xigem Technologies ranks #1647 out of 2742 companies in the Software industry, placing it in the top 60.1%.
Is Xigem Technologies' Piotroski F-Score too high?
Xigem Technologies' 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 Software industry median Piotroski F-Score is 5.00. Xigem Technologies' value of 4 is 20% below this industry median. Based on the distribution chart, Xigem Technologies ranks #1647 out of 2742 companies in the Software industry, which is below the industry midpoint.
How does Xigem Technologies' Piotroski F-Score compare to CRM and SHOP?
According to the Software industry distribution chart, Xigem Technologies ranks #1647 out of 2742 companies for Piotroski F-Score. This places Xigem Technologies in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Xigem Technologies' value of 4 is 20% below this benchmark. Historically, Xigem Technologies' 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, Xigem Technologies 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,742 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. Xigem Technologies'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 Xigem Technologies and its competitors. For the Software 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. Xigem Technologies'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 Xigem Technologies stock overvalued right now?
Xigem Technologies (XIGMF) has a current Piotroski F-Score of 4. The stock's GF Value™ is $0.02, compared to a current price of $0.05 — trading 148.2% above 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 Software 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 Xigem Technologies (XIGMF), the current Piotroski F-Score is 4 as of Jun. 25, 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.

Xigem Technologies Business Description

Other Exchanges VZ6:GermanyXIGM:Canada
Address 1055 West Georgia Street, Suite 1500, Vancouver, BC, CAN, V6E 4N7
Xigem Technologies Corp is a SaaS technology platform with software capable of improving capacity, productivity, and overall remote operations for businesses, consumers, and other organizations. It consists of a comprehensive cloud-computing solution for remote business operations and institutions, giving safety and access to remote virtual work environments. The company's brand includes iAgent and EchoDigital.