What is CODX's Value Score?

Co-Diagnostics, Inc. - Common Stock (CODX) has a StockPik Value Score of 57 out of 100 — a mid-range score, indicating moderate value characteristics. The Value Score is a composite ranking built from P/E ratio, P/B ratio, Graham Number, ROE, gross margin, debt-to-equity, current ratio, and Piotroski F-Score, calculated from SEC EDGAR annual filing data.

What is CODX's Piotroski F-Score?

Co-Diagnostics, Inc. - Common Stock (CODX) has a Piotroski F-Score of 1 out of 9 — a weak score indicating financial deterioration across multiple criteria. The F-Score assesses nine binary financial criteria across profitability, leverage, and operating efficiency. A score of 7–9 indicates a financially improving company; a score of 0–3 is a warning sign.

What is CODX's Piotroski F-Score?

CODX's Piotroski F-Score is 1 out of 9, indicating weak financial health and possible deterioration. The Piotroski F-Score evaluates nine criteria across profitability, leverage, and operating efficiency. Scores of 7 or above are considered strong; 3 or below indicate financial weakness.

Is CODX (Co-Diagnostics, Inc. - Common Stock) undervalued?

CODX scores 57/100 on StockPik's Value Score, an above-average rating.

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Co-Diagnostics, Inc. - Common Stock (CODX)

NASDAQ Nano Cap

$2.63

Market Cap: $9M

Data as of Sep 30, 2025 (TTM)

Investment Snapshot

P/B of 0.46 — trading below book value
Piotroski F-Score 1/9 — signs of financial weakness
Loss-making — negative ROE of -149.5%
Revenue declining 84% annually

Co-Diagnostics, Inc. - Common Stock (CODX) is a publicly traded company, listed on the NASDAQ , with a market capitalisation of $9 million . Key value metrics: P/B ratio 0.46, Piotroski F-Score 1 out of 9 .

Value Score

out of 100

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Key Metrics

P/E Ratio

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P/B Ratio

0.46

EPS

$-8.56

Div. Yield

—

PEG Ratio

—

P/S Ratio

—

EV/EBITDA

—

ROE

—

ROA

—

Gross Margin

—

Op. Margin

—

Net Margin

—

Debt/Equity

—

Current Ratio

—

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Data sourced from SEC EDGAR and Polygon.io. Methodology.

Co-Diagnostics, Inc. - Common Stock — Fundamental Analysis Summary

On financial health, CODX shows a weak Piotroski F-Score of 1/9, a signal of deteriorating financial health, and negative return on equity of -149.5%.

StockPik's composite Value Score for CODX is 57/100 — an above-average value rating. The score is built from ten fundamental signals: P/E, P/B, PEG ratio, P/S ratio, return on equity, gross margin, debt-to-equity, current ratio, dividend yield, and Piotroski F-Score.

CODX reports a high gross margin of 62.3% and a negative operating margin of -3,386.8%.

CODX shows revenue declining at 84% year-over-year, with earnings declining at 25%.

Stocks below book value

Other stocks trading at a discount to net assets (P/B < 1)

How is the Value Score calculated?

Read our full methodology →

What is the Piotroski F-Score?

The 9-point financial health score explained, with worked examples →

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