Saturday 17 October 2026
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Guardforce AI Co., Limited
GFAI Industrials Security & Protection Services
Guardforce AI Co., Limited’s revenue for fiscal 2025 (year ended December 2025) was $35.2 million, up 7.96% from fiscal 2024.
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | |
|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
3 | 5 | 5 | 1 | 3 | 4 | — | — | — |
P/E ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Altman Z-Score |
(0.53) | (0.36) | (2.02) | (0.61) | 0.53 | — | — | — | — |
P/S ratio |
0.14 | 0.36 | 0.83 | 1.63 | 10.30 | 0.57 | 0.57 | 0.57 | 0.57 |
Altman Z″-Score (non-manufacturers) |
0.58 | 0.56 | (4.72) | (1.18) | (1.28) | 0.75 | (2.32) | (1.55) | — |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.20 | 3.20 | 3.20 | 3.20 |
Beneish M-Score |
(2.92) | (2.79) | (5.94) | 0.71 | (3.27) | (3.76) | (2.85) | — | — |
P/Operating CF |
3.42 | 8.73 | 20.33 | 39.81 | 263.78 | 8.84 | 8.84 | 8.84 | 8.84 |
P/B ratio |
0.29 | 0.78 | 2.30 | 5.91 | 114.90 | 0.00 | 0.00 | 0.00 | 0.00 |
Price to Tangible BV |
0.29 | 0.85 | 2.64 | 10.62 | 124.31 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Sales |
(0.18) | 0.04 | 0.59 | 1.84 | 10.39 | 0.74 | 0.74 | 0.74 | 0.74 |
EV/EBITDA |
1.00 | 0.00 | 0.00 | 0.00 | 178.46 | 6.99 | 6.99 | 6.99 | 6.99 |
EV/Operating CF |
1.71 | (0.41) | (1.17) | (4.27) | 86.72 | 4.18 | 4.18 | 4.18 | 4.18 |
EV/FCF |
1.50 | (0.29) | (0.92) | (2.90) | (1,336.09) | 4.18 | 4.18 | 4.18 | 4.18 |
Quick Ratio |
4.75 | 4.51 | 2.05 | 1.48 | 0.86 | 1.85 | 0.44 | 0.51 | 0.55 |
Current Ratio |
5.32 | 4.92 | 2.22 | 1.84 | 0.98 | 2.11 | 0.50 | 0.57 | 0.62 |
Net Debt/EBITDA |
8.70 | 5.86 | 0.69 | (1.38) | 6.47 | 4.53 | 2.89 | 3.72 | 3.44 |
Debt/Assets |
4.24% | 2.09% | 8.09% | 35.83% | 54.91% | 60.04% | 53.62% | 58.81% | 0.00% |
Debt/Equity |
0.06 | 0.03 | 0.15 | 1.15 | 3.51 | (10.00) | 15.88 | 15.64 | 8.46 |
Asset Turnover |
0.75 | 0.72 | 0.68 | 0.66 | 0.90 | 1.00 | 1.10 | 2.42 | 1.18 |
Operating CF/Net income |
0.20 | 0.57 | 0.05 | 1.03 | (0.18) | (1.57) | 92.46 | 73.75 | 2.48 |
Capex/Depreciation |
(0.10) | (0.09) | (0.41) | (1.28) | (1.04) | (0.28) | (0.09) | 0.00 | 0.00 |
Interest Coverage |
12.47 | 19.79 | (44.85) | (14.74) | (3.76) | (2.36) | (0.13) | 3.13 | 5.13 |
| (20.14%) | (20.52%) | (133.55%) | (144.71%) | (251.18%) | 750.45% | 4.34% | 4.68% | 80.69% | |
| (14.20%) | (12.96%) | (55.28%) | (36.08%) | (14.11%) | (8.31%) | 0.15% | 0.48% | 4.34% | |
ROIC |
(31.76%) | (38.25%) | (214.92%) | (30.82%) | (15.31%) | (12.03%) | (0.43%) | 0.00% | 0.00% |
Return on Tangible Assets |
(21.64%) | (21.12%) | (139.77%) | (76.98%) | (58.57%) | (18.58%) | (1.31%) | 7.19% | 46.63% |
Average Days of Receivables |
60.61 | 70.64 | 84.62 | 230.87 | 51.56 | 63.33 | 53.66 | 62.31 | 66.11 |
Research and Development Expense of Revenue |
2.38% | 1.19% | 0.47% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
28.83% | 33.09% | 38.15% | 43.56% | 21.57% | 17.73% | 12.32% | 12.02% | 9.13% |
Intangible Assets out of Total Assets |
0.02 | 0.06 | 0.07 | 0.14 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 |
Share Based Compensation of Revenue |
3.83% | 5.67% | 3.04% | 0.74% | 0.00% | 0.27% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
1.96 | 0.73 | 0.18 | (0.06) | (0.02) | (0.49) | (0.49) | (0.49) | (0.49) |
Graham Number |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
(4,773.21%) | (1,869.23%) | (802.70%) | (506.90%) | (67.36%) | (3.67%) | (3.67%) | (3.67%) | (3.67%) |
Free Cash Flow Yield |
(87.46%) | (42.46%) | (77.68%) | (39.04%) | (0.08%) | 31.21% | 31.21% | 31.21% | 31.21% |
Revenue per Share |
1.61 | 2.92 | 5.55 | 27.39 | 76.25 | 87.43 | 92.56 | 86.07 | 1.99 |
Operating CF per Share |
(0.06) | (0.30) | (0.25) | (15.48) | 2.12 | 11.40 | 11.98 | 12.53 | 0.18 |
Capex per Share |
(0.01) | (0.02) | (0.33) | (6.16) | (11.39) | (3.32) | (1.08) | 0.00 | 0.00 |
Free Cash Flow per Share |
(0.07) | (0.32) | (0.57) | (21.64) | (9.26) | 8.07 | 10.90 | 12.53 | 0.18 |
Cash per Share |
1.12 | 1.97 | 3.11 | 5.59 | 31.08 | 19.54 | 14.59 | 10.24 | 0.20 |
Shareholders Equity per Share |
1.56 | 2.87 | 3.85 | 15.43 | 14.15 | (5.02) | 3.18 | 2.68 | 0.11 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
1.56 | 2.87 | 3.85 | 15.43 | 14.15 | (5.02) | 3.18 | 2.68 | 0.11 |
Free Cash Flow |
(1.62) | (3.60) | (3.73) | (26.83) | (4.27) | 3.48 | 4.54 | 5.44 | 3.15 |
Working Capital |
27.67 | 24.58 | 17.11 | 16.05 | (0.54) | 8.94 | (13.24) | (9.15) | (6.74) |
Capital Expenditures |
(0.31) | (0.28) | (2.13) | (7.64) | (5.25) | (1.43) | (0.45) | (1.95) | (1.76) |
Net Current Asset Value |
19.10 | 18.14 | 10.46 | (6.77) | (13.27) | (21.11) | (24.56) | (17.62) | (14.61) |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.01 | 0.01 | 0.06 | 0.22 | 0.15 | 0.04 | 0.01 | 0.00 | 0.00 |
Price to Operating Income |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other line items | |||||||||
Depreciation/Fixed assets |
1.06 | 0.98 | 1.30 | 0.74 | 0.51 | 0.64 | 0.58 | 0.24 | 0.24 |
Cash ROIC |
(2.66%) | (6.56%) | (7.58%) | (55.92%) | (9.75%) | 12.48% | 15.95% | 22.85% | 14.19% |
Accounts Receivable Turnover |
5.79 | 4.43 | 2.43 | 2.57 | 6.11 | 6.17 | 6.40 | 5.92 | 5.46 |
Accounts Payable Turnover |
7.77 | 5.16 | 7.00 | 16.49 | 24.20 | 20.87 | 23.33 | 21.11 | 19.83 |
Inventory Turnover |
202.07 | 70.96 | 11.01 | 9.30 | 33.02 | 33.33 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
38.49 | 59.91 | 73.13 | 31.84 | 12.08 | 17.92 | 15.77 | 16.63 | 19.11 |
Days of Inventory on Hand |
0.26 | 3.62 | 5.98 | 61.72 | 16.29 | 5.76 | 0.00 | 0.00 | 0.00 |
Average Receivables |
6.08 | 7.36 | 14.95 | 13.22 | 5.75 | 6.10 | 6.02 | 6.31 | 6.31 |
Average Payables |
3.85 | 5.37 | 4.41 | 1.83 | 1.28 | 1.50 | 1.45 | 1.50 | 1.50 |
Average Inventory |
0.15 | 0.39 | 2.81 | 3.25 | 0.94 | 0.94 | — | — | — |
Average Assets |
46.89 | 45.25 | 53.49 | 51.46 | 38.86 | 37.63 | 35.11 | 15.46 | 29.25 |
Average Common Equity |
33.05 | 28.57 | 22.14 | 12.83 | 2.18 | (0.42) | 1.24 | 1.57 | 1.57 |
Columns are period end dates · fundamentals updated 28 Sep 2026