ZONE (CleanCore Solutions) Piotroski F-Score: 4 (As of Aug. 21, 2026) — Near Median

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ZONE CleanCore Solutions Inc ZONE
11 GF Score
Price $0.16
! 3 Warning Signs
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What is CleanCore Solutions Piotroski F-Score?

CleanCore Solutions ZONE -1.43% 11 Piotroski F-Score is 4 as of Aug. 21, 2026, which is at its 10-year median of 4.00. GuruFocus rates ZONE with a GF Score™ of 11/100. The stock has 3 warning signs investors should review. Among 2,967 Industrial Products companies, CleanCore Solutions ranks worse than 65.96% 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

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

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

During the past 5 years, the highest Piotroski F-Score of CleanCore Solutions was 5. The lowest was 2. And the median was 4.

CleanCore Solutions  (AMEX:ZONE) 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.


CleanCore Solutions Piotroski F-Score Related Terms


CleanCore Solutions Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for CleanCore Solutions'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.

CleanCore Solutions Piotroski F-Score Chart

CleanCore Solutions Annual Data
Trend Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
N/A N/A N/A 4.00 2.00

CleanCore Solutions Quarterly Data
Jun21 Jun22 Oct22 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 4.00 2.00 N/A 5.00 4.00

ZONE vs ARQ, FTEK, SCWO: Piotroski F-Score Comparison

For the Pollution & Treatment Controls subindustry, CleanCore Solutions'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.


CleanCore Solutions Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, CleanCore Solutions's Piotroski F-Score distribution charts can be found below:

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


ZONE
11GF Score
CleanCore Solutions Inc ZONE
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 -4.072 + -13.368 + -104.36 + -37.265 = $-159.07 Mil.
Cash Flow from Operations was -0.103 + -3.797 + -3.371 + -7.648 = $-14.92 Mil.
Revenue was 0.893 + 0.905 + 1.069 + 0.544 = $3.41 Mil.
Gross Profit was 0.428 + 0.536 + 0.727 + -0.419 = $1.27 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(6.386 + 8.467 + 185.73 + 101.105 + 73.85) / 5 = $75.1076 Mil.
Total Assets at the begining of this year (Mar25) was $6.39 Mil.
Long-Term Debt & Capital Lease Obligation was $0.16 Mil.
Total Current Assets was $20.26 Mil.
Total Current Liabilities was $6.90 Mil.
Net Income was -0.979 + -0.856 + -1.005 + -0.809 = $-3.65 Mil.

Revenue was 0.706 + 0.365 + 0.257 + 0.558 = $1.89 Mil.
Gross Profit was 0.355 + 0.185 + 0.062 + 0.311 = $0.91 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(6.274 + 7.481 + 6.824 + 6.127 + 6.386) / 5 = $6.6184 Mil.
Total Assets at the begining of last year (Mar24) was $6.27 Mil.
Long-Term Debt & Capital Lease Obligation was $1.95 Mil.
Total Current Assets was $2.31 Mil.
Total Current Liabilities was $2.79 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.

CleanCore Solutions's current Net Income (TTM) was -159.07. ==> 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.

CleanCore Solutions's current Cash Flow from Operations (TTM) was -14.92. ==> 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)
=-159.065/6.386
=-24.90839336

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-3.649/6.274
=-0.58160663

CleanCore Solutions's return on assets of this year was -24.90839336. CleanCore Solutions's return on assets of last year was -0.58160663. ==> 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.

CleanCore Solutions's current Net Income (TTM) was -159.07. CleanCore Solutions's current Cash Flow from Operations (TTM) was -14.92. ==> -14.92 > -159.07 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=0.155/75.1076
=0.00206371

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1.946/6.6184
=0.29402877

CleanCore Solutions's gearing of this year was 0.00206371. CleanCore Solutions's gearing of last year was 0.29402877. ==> 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
=20.262/6.897
=2.93779904

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2.314/2.794
=0.82820329

CleanCore Solutions's current ratio of this year was 2.93779904. CleanCore Solutions's current ratio of last year was 0.82820329. ==> 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.

CleanCore Solutions's number of shares in issue this year was 216.013. CleanCore Solutions's number of shares in issue last year was 8.37. ==> 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
=1.272/3.411
=0.37291117

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0.913/1.886
=0.48409332

CleanCore Solutions's gross margin of this year was 0.37291117. CleanCore Solutions's gross margin of last year was 0.48409332. ==> 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)
=3.411/6.386
=0.53413718

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1.886/6.274
=0.30060567

CleanCore Solutions's asset turnover of this year was 0.53413718. CleanCore Solutions's asset turnover of last year was 0.30060567. ==> 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+1+0+0+1
=4

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

CleanCore Solutions 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?
CleanCore Solutions (ZONE) has a Piotroski F-Score of 4 as of Aug. 21, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on CleanCore Solutions and its competitors. This is near median its historical median of 4.00. Over the past decade, CleanCore Solutions' Piotroski F-Score has ranged from 2.00 to 5.00. According to the industry distribution chart, CleanCore Solutions ranks #1957 out of 2967 companies in the Industrial Products industry, placing it in the top 66%.
Is CleanCore Solutions' Piotroski F-Score too high?
CleanCore Solutions' 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 5.00. The Industrial Products industry median Piotroski F-Score is 5.00. CleanCore Solutions' value of 4 is 20% below this industry median. Based on the distribution chart, CleanCore Solutions ranks #1957 out of 2967 companies in the Industrial Products industry, which is below the industry midpoint. Overall, CleanCore Solutions has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does CleanCore Solutions' Piotroski F-Score compare to ARQ and FTEK?
According to the Industrial Products industry distribution chart, CleanCore Solutions ranks #1957 out of 2967 companies for Piotroski F-Score. This places CleanCore Solutions in the lower half of its industry. The industry median Piotroski F-Score is 5.00. CleanCore Solutions' value of 4 is 20% below this benchmark. Historically, CleanCore Solutions' own Piotroski F-Score has ranged from 2.00 to 5.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, CleanCore Solutions 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,967 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. CleanCore Solutions'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 CleanCore Solutions and its competitors. For the Industrial Products 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. CleanCore Solutions'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 CleanCore Solutions stock overvalued right now?
CleanCore Solutions (ZONE) 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 Industrial Products industry median of 5.00. CleanCore Solutions' overall GF Score™ is 11/100 with 3 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 CleanCore Solutions (ZONE), the current Piotroski F-Score is 4 as of Aug. 21, 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.

CleanCore Solutions Business Description

Address 5920 South 118th Circle, Suite 2, Omaha, NE, USA, 68137
CleanCore Solutions Inc engages in the development and manufacturing of cleaning products that produce pure aqueous ozone for professional, industrial, or home use. The firm has a patented nanobubble technology using aqueous ozone that is effective in cleaning, sanitizing, and deodorizing surfaces and high-touch areas. The company offers products and solutions that are marketed for janitorial and sanitation, ice machine cleaning, laundry, and industrial industries. Its products are used in many types of environments including retail establishments, distribution centers, factories, warehouses, restaurants, schools and universities, airports, healthcare, food service, and commercial buildings such as offices, malls, and stores.
11GF Score

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

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