Azrieli GroupAZRGF 67 Piotroski F-Score is 5 as of Jun. 26, 2026, which is at its 10-year median of 5.00. GuruFocus rates AZRGF with a GF Score™ of 67/100 and a GF Value™ of $100.47 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,756 Real Estate companies, Azrieli Group ranks better than 61.1% 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
Azrieli Group has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Azrieli Group's Piotroski F-Score or its related term are showing as below:
AZRGF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 5 Max: 8
Current: 5
During the past 13 years, the highest Piotroski F-Score of Azrieli Group was 8. The lowest was 4. And the median was 5.
Azrieli Group (OTCPK:AZRGF) 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.
Azrieli Group Piotroski F-Score Related Terms
Azrieli Group Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Azrieli Group'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.
AZRGF vs CBRE, BEKE, CSGP: Piotroski F-Score Comparison
For the Real Estate Services subindustry, Azrieli Group'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.
Azrieli Group Piotroski F-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Azrieli Group's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Azrieli Group'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.
This Year (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 107.973 + 133.279 + 241.927 + 182.204 = $665 Mil. Cash Flow from Operations was 146.101 + 145.088 + 218.982 + -68.158 = $442 Mil. Revenue was 320.207 + 328.305 + 352.599 + 376.218 = $1,377 Mil. Gross Profit was 218.645 + 221.682 + 195.363 + 220.669 = $856 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(20468.602 + 20144.346 + 21340.482 + 21450.142 + 22076.721) / 5 = $21096.0586 Mil. Total Assets at the begining of this year (Mar25) was $20,469 Mil. Long-Term Debt & Capital Lease Obligation was $8,697 Mil. Total Current Assets was $2,064 Mil. Total Current Liabilities was $2,219 Mil.
Net Income was 52.637 + 129.23 + 159.935 + 154.199 = $496 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.
Azrieli Group's current Net Income (TTM) was 665.
==> 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.
Azrieli Group's return on assets of this year was 0.0325075. Azrieli Group's return on assets of last year was 0.02732957.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Azrieli Group's gearing of this year was 0.41226692. Azrieli Group's gearing of last year was 0.44106536.
==> 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
Azrieli Group's current ratio of this year was 0.93019031. Azrieli Group's current ratio of last year was 1.03116945.
==> Last year's current ratio is higher ==> Score 0.
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.
Azrieli Group's number of shares in issue this year was 121.834. Azrieli Group's number of shares in issue last year was 121.305.
==> 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.
Azrieli Group's gross margin of this year was 0.62175341. Azrieli Group's gross margin of last year was 0.695965.
==> 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
Azrieli Group's asset turnover of this year was 0.06728984. Azrieli Group's asset turnover of last year was 0.06451249.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Azrieli Group has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Azrieli Group (AZRGF) has a Piotroski F-Score of 5 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Azrieli Group and its competitors. This is near median its historical median of 5.00. Over the past decade, Azrieli Group's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Azrieli Group ranks #683 out of 1756 companies in the Real Estate industry, placing it in the top 38.9%.
Is Azrieli Group's Piotroski F-Score too high?
Azrieli Group's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Real Estate industry median Piotroski F-Score is 5.00. Azrieli Group's value of 5 is 0% at this industry median. Based on the distribution chart, Azrieli Group ranks #683 out of 1756 companies in the Real Estate industry, which is above the industry midpoint. Overall, Azrieli Group has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Azrieli Group's Piotroski F-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Azrieli Group ranks #683 out of 1756 companies for Piotroski F-Score. This puts Azrieli Group in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Azrieli Group's value of 5 is 0% at this benchmark. Historically, Azrieli Group's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Azrieli Group has consistently been at 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,756 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. Azrieli Group's current Piotroski F-Score of 5 is 0% at 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 Azrieli Group and its competitors. For the Real Estate 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. Azrieli Group's current Piotroski F-Score is 5, which is near 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 Azrieli Group stock overvalued right now?
Based on GuruFocus' analysis, Azrieli Group (AZRGF) is currently considered Significantly Overvalued. The stock's GF Value™ is $100.47, compared to a current price of $143.07 — trading 42.4% above its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Real Estate industry median of 5.00. Azrieli Group's overall GF Score™ is 67/100 with 5 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 Azrieli Group (AZRGF), the current Piotroski F-Score is 5 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.
Is Azrieli Group (AZRGF) Overvalued in 2026?
Based on GuruFocus' analysis, Azrieli Group stock appears to be overvalued.
The current stock price of $143.07 is trading 42.4% above its estimated GF Value™ of $100.47.
GuruFocus considers Azrieli Group to be Significantly Overvalued.
Key valuation signals for AZRGF:
Piotroski F-Score: 5 (near median its 10-year median of 5.00)
GF Value™: $100.47 vs. price of $143.07 (42.4% above fair value)
Industry Position: 0% at the Real Estate median (#683 of 1756)
No single metric tells the full story. See the AZRGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Azrieli Group Ltd manages and operates companies that own properties across Israel, subsidiaries in the energy, water, and environment industries, a card company, and a bank. The company's income-producing properties include shopping malls, office towers, industrial buildings, and residential properties. In addition to owning properties in Israel, the portfolio consists of a minor number of international properties. Under the energy business, holdings include marketing and distribution of refined oil and water desalination, wastewater purification, and sludge treatment facilities.
67GF Score
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