Australian Agricultural ProjectsASX:AAP +1.82% Piotroski F-Score is 8 as of Jun. 26, 2026, which is 60% above its 10-year median of 5.00. The stock has 5 warning signs investors should review. Among 1,911 Consumer Packaged Goods companies, Australian Agricultural Projects ranks better than 97.7% on this metric.
Good Sign:
Piotroski F-Score is 8, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Australian Agricultural Projects has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Australian Agricultural Projects's Piotroski F-Score or its related term are showing as below:
ASX:AAP'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 5 Max: 8
Current: 8
During the past 13 years, the highest Piotroski F-Score of Australian Agricultural Projects was 8. The lowest was 1. And the median was 5.
Australian Agricultural Projects (ASX:AAP) 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.
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.
Australian Agricultural Projects Piotroski F-Score Related Terms
Australian Agricultural Projects Piotroski F-Score Historical Data
* 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.
Australian Agricultural Projects Piotroski F-Score Chart
ASX:AAP vs ADM, BG, TSN: Piotroski F-Score Comparison
For the Farm Products subindustry, Australian Agricultural Projects'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.
Australian Agricultural Projects Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Australian Agricultural Projects's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Australian Agricultural Projects's Piotroski F-Score falls into.
* 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.
*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.
Australian Agricultural Projects's current Net Income (TTM) was 1.96.
==> Positive ==> Score 1.
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.
Australian Agricultural Projects's current Cash Flow from Operations (TTM) was 0.93.
==> Positive ==> Score 1.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Australian Agricultural Projects's return on assets of this year was 0.10756229. Australian Agricultural Projects's return on assets of last year was 0.06157092.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Australian Agricultural Projects's gearing of this year was 0.24962006. Australian Agricultural Projects's gearing of last year was 0.57230929.
==> 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
Australian Agricultural Projects's current ratio of this year was 1.8361204. Australian Agricultural Projects's current ratio of last year was 1.40487919.
==> 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.
Australian Agricultural Projects's number of shares in issue this year was 368.604. Australian Agricultural Projects's number of shares in issue last year was 369.068.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
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.
Australian Agricultural Projects's gross margin of this year was 0.44516944. Australian Agricultural Projects's gross margin of last year was 0.42539601.
==> This year's gross margin is higher. ==> Score 1.
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
Australian Agricultural Projects's asset turnover of this year was 0.26072879. Australian Agricultural Projects's asset turnover of last year was 0.19202276.
==> 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
=
1
+
1
+
1
+
0
+
1
+
1
+
1
+
1
+
1
=
8
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Australian Agricultural Projects has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Australian Agricultural Projects (ASX:AAP) has a Piotroski F-Score of 8 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Australian Agricultural Projects and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Australian Agricultural Projects' Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Australian Agricultural Projects ranks #44 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 2.3%.
Is Australian Agricultural Projects' Piotroski F-Score too high?
Australian Agricultural Projects' current Piotroski F-Score of 8 is 60% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Australian Agricultural Projects' value of 8 is 60% above this industry median. Based on the distribution chart, Australian Agricultural Projects ranks #44 out of 1911 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers.
How does Australian Agricultural Projects' Piotroski F-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Australian Agricultural Projects ranks #44 out of 1911 companies for Piotroski F-Score. This places Australian Agricultural Projects in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Australian Agricultural Projects' value of 8 is 60% above this benchmark. Historically, Australian Agricultural Projects' own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Australian Agricultural Projects 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,911 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. Australian Agricultural Projects's current Piotroski F-Score of 8 is 60% 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 Australian Agricultural Projects and its competitors. For the Consumer Packaged Goods 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. Australian Agricultural Projects's current Piotroski F-Score is 8, which is 60% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Australian Agricultural Projects stock overvalued right now?
Based on GuruFocus' analysis, Australian Agricultural Projects (ASX:AAP) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.03, compared to a current price of A$0.06 — trading 86.7% above its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 60% above the Consumer Packaged Goods industry median of 5.00. 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 Australian Agricultural Projects (ASX:AAP), the current Piotroski F-Score is 8 as of Jun. 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.
Australian Agricultural Projects Business Description
Australian Agricultural Projects Ltd is an Australian company specializing in managing olive groves and investment schemes in Boort, Victoria. The company oversees projects including the Victorian Olive Oil Project, Victorian Olive Oil Project II, and a corporate project operated by Peppercorn Estate Limited. The orchards, situated near Boort in the Mallee region, benefit from a Mediterranean-like climate ideal for olive cultivation. Established during a period of expansion in Australian olive plantings, the company applies modern horticultural practices to produce high-quality olives. The company has also developed brands and a supply agreement with Boundary Bend Limited, linking product value to farm gate prices based on retail sales.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:AAP has been successfully added to your 