XLO (Xilio Therapeutics) Piotroski F-Score: 4 (As of Jul. 26, 2026) — 33% Above Median

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XLO Xilio Therapeutics Inc XLO
32 GF Score
Price $8.64
! 2 Warning Signs
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What is Xilio Therapeutics Piotroski F-Score?

Xilio Therapeutics XLO +1.05% 32 Piotroski F-Score is 4 as of Jul. 26, 2026, which is 33% above its 10-year median of 3.00. GuruFocus rates XLO with a GF Score™ of 32/100. The stock has 2 warning signs investors should review. Among 1,333 Biotechnology companies, Xilio Therapeutics ranks better than 73.97% 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

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

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

During the past 7 years, the highest Piotroski F-Score of Xilio Therapeutics was 5. The lowest was 1. And the median was 3.

Xilio Therapeutics  (NAS:XLO) 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.


Xilio Therapeutics Piotroski F-Score Related Terms


Xilio Therapeutics Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Xilio Therapeutics'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.

Xilio Therapeutics Piotroski F-Score Chart

Xilio Therapeutics Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A 3.00 1.00 3.00 5.00

Xilio Therapeutics Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 5.00 4.00

XLO vs FLNA, BSEM, BOLD: Piotroski F-Score Comparison

For the Biotechnology subindustry, Xilio Therapeutics'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.


Xilio Therapeutics Piotroski F-Score vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Xilio Therapeutics's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Xilio Therapeutics's Piotroski F-Score falls into.


XLO
32GF Score
Xilio Therapeutics Inc XLO
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was -15.844 + -16.287 + 10.36 + -9.529 = $-31.30 Mil.
Cash Flow from Operations was -14.477 + -17.495 + -1.998 + -22.343 = $-56.31 Mil.
Revenue was 8.084 + 19.066 + 13.686 + 12.648 = $53.48 Mil.
Gross Profit was 8.084 + 19.066 + 13.686 + 12.648 = $53.48 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(103.716 + 133.813 + 133.694 + 154.685 + 163.487) / 5 = $137.879 Mil.
Total Assets at the begining of this year (Mar25) was $103.72 Mil.
Long-Term Debt & Capital Lease Obligation was $5.25 Mil.
Total Current Assets was $154.21 Mil.
Total Current Liabilities was $42.96 Mil.
Net Income was -13.925 + -14.02 + -13.093 + -13.265 = $-54.30 Mil.

Revenue was 2.357 + 2.263 + 1.724 + 2.93 = $9.27 Mil.
Gross Profit was 2.357 + 2.263 + 1.724 + 2.93 = $9.27 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(82.609 + 89.873 + 74.658 + 71.075 + 103.716) / 5 = $84.3862 Mil.
Total Assets at the begining of last year (Mar24) was $82.61 Mil.
Long-Term Debt & Capital Lease Obligation was $6.64 Mil.
Total Current Assets was $93.20 Mil.
Total Current Liabilities was $47.64 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.

Xilio Therapeutics's current Net Income (TTM) was -31.30. ==> 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.

Xilio Therapeutics's current Cash Flow from Operations (TTM) was -56.31. ==> 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 (Mar25)
=-31.3/103.716
=-0.30178565

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-54.303/82.609
=-0.65734968

Xilio Therapeutics's return on assets of this year was -0.30178565. Xilio Therapeutics's return on assets of last year was -0.65734968. ==> 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.

Xilio Therapeutics's current Net Income (TTM) was -31.30. Xilio Therapeutics's current Cash Flow from Operations (TTM) was -56.31. ==> -56.31 <= -31.30 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=5.254/137.879
=0.03810588

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=6.638/84.3862
=0.07866215

Xilio Therapeutics's gearing of this year was 0.03810588. Xilio Therapeutics's gearing of last year was 0.07866215. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=154.207/42.96
=3.58954842

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=93.2/47.637
=1.95646241

Xilio Therapeutics's current ratio of this year was 3.58954842. Xilio Therapeutics's current ratio of last year was 1.95646241. ==> 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.

Xilio Therapeutics's number of shares in issue this year was 5.783. Xilio Therapeutics's number of shares in issue last year was 3.698. ==> 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
=53.484/53.484
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=9.274/9.274
=1

Xilio Therapeutics's gross margin of this year was 1. Xilio Therapeutics's gross margin of last year was 1. ==> 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 (Mar25)
=53.484/103.716
=0.51567743

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=9.274/82.609
=0.1122638

Xilio Therapeutics's asset turnover of this year was 0.51567743. Xilio Therapeutics's asset turnover of last year was 0.1122638. ==> 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+0+1+1+0+0+1
=4

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

Xilio Therapeutics 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?
Xilio Therapeutics (XLO) has a Piotroski F-Score of 4 as of Jul. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Xilio Therapeutics and its competitors. This is 33% above median its historical median of 3.00. Over the past decade, Xilio Therapeutics' Piotroski F-Score has ranged from 1.00 to 5.00. According to the industry distribution chart, Xilio Therapeutics ranks #347 out of 1333 companies in the Biotechnology industry, placing it in the top 26%.
Is Xilio Therapeutics' Piotroski F-Score too high?
Xilio Therapeutics' 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 Biotechnology industry median Piotroski F-Score is 3.00. Xilio Therapeutics' value of 4 is 33.3% above this industry median. Based on the distribution chart, Xilio Therapeutics ranks #347 out of 1333 companies in the Biotechnology industry, which is above the industry midpoint. Overall, Xilio Therapeutics has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Xilio Therapeutics' Piotroski F-Score compare to FLNA and BSEM?
According to the Biotechnology industry distribution chart, Xilio Therapeutics ranks #347 out of 1333 companies for Piotroski F-Score. This puts Xilio Therapeutics in the upper half of its industry. The industry median Piotroski F-Score is 3.00. Xilio Therapeutics' value of 4 is 33.3% above this benchmark. Historically, Xilio Therapeutics' 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 3.00, Xilio Therapeutics has consistently been above 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 Biotechnology company?
The median Piotroski F-Score among Biotechnology companies is 3.00, based on 1,333 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. Xilio Therapeutics's current Piotroski F-Score of 4 is 33.3% above 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 Xilio Therapeutics and its competitors. For the Biotechnology industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Xilio Therapeutics'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 Xilio Therapeutics stock overvalued right now?
Xilio Therapeutics (XLO) 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 33.3% above the Biotechnology industry median of 3.00. Xilio Therapeutics' overall GF Score™ is 32/100 with 2 warning signs to review. 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 Xilio Therapeutics (XLO), the current Piotroski F-Score is 4 as of Jul. 26, 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.

Xilio Therapeutics Business Description

Address 828 Winter Street, Suite 300, Waltham, MA, USA, 02451
Xilio Therapeutics Inc is a clinical-stage biotechnology company focused on discovering and developing masked immuno-oncology (I-O) therapies to improve outcomes for people living with cancer. Leveraging its clinically validated masking technology and capabilities, the company develops I-O therapies designed to selectively activate within the tumor microenvironment to achieve durable efficacy without the severe side effects associated with systemically active I-O agents. Its integrated biology and protein engineering approach enables the design and development of potent masked biologics that are activated by tumor-specific proteases.
32GF Score

Get the complete analysis for XLO

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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