Nanobiotix S.A. - Sponsored ADR
NBTX Healthcare Biotechnology
Follow NBTX
Nanobiotix S.A. - Sponsored ADR (NBTX) Piotroski F-score
Nanobiotix S.A. - Sponsored ADR's Piotroski F-score for fiscal 2025 cannot be worked out: no comparable prior fiscal year (a missing year or a changed year end).
Piotroski F-score, annual
Embed this chart
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2023 | 5 | 2.00 |
| FY2022 | 3 | 1.00 |
| FY2021 | 2 | (2.00) |
| FY2020 | 4 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | — | — | n/a | — |
| Positive operating cash flow | (37.81m) | — | Fail | 0 |
| Rising return on assets | — | — | n/a | — |
| Cash flow above net income | (10.70m) | — | Fail | 0 |
| Falling long-term leverage | — | — | n/a | — |
| Rising current ratio | 1.09 | — | n/a | — |
| No new shares issued | 47,820,000 | — | n/a | — |
| Rising gross margin | 100.00% | — | n/a | — |
| Rising asset turnover | — | — | n/a | — |
| Piotroski F-score | n/a — no comparable prior fiscal year (a missing year or a changed year end) | — | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| IMTX Immatics N.V. compare | 3 |
| JANX Janux Therapeutics, Inc. compare | 2 |
| LBRX LB Pharmaceuticals Inc compare | — |
| DMRA Galecto, Inc. compare | — |
| VOR Vor Biopharma Inc. compare | — |
| BCAX Bicara Therapeutics Inc. compare | — |
| DRTS Alpha Tau Medical Ltd. compare | — |
| NBTX Nanobiotix S.A. - Sponsored ADR | — |
| REPL Replimune Group, Inc. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover