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Joao Fortes EngenhariaBSP:JFEN3 +1.67%33 Piotroski F-Score is 2 as of Jul. 14, 2026, which is 50% below its 10-year median of 4.00. GuruFocus rates BSP:JFEN3 with a GF Score™ of 33/100 and a GF Value™ of R$1.04 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,757 Real Estate companies, Joao Fortes Engenharia ranks worse than 93.63% on this metric.
Warning Sign:
Piotroski F-Score of 2 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Joao Fortes Engenharia has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Joao Fortes Engenharia's Piotroski F-Score or its related term are showing as below:
BSP:JFEN3'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 6
Current: 2
During the past 13 years, the highest Piotroski F-Score of Joao Fortes Engenharia was 6. The lowest was 2. And the median was 4.
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.
Joao Fortes Engenharia Piotroski F-Score Related Terms
Joao Fortes Engenharia Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Joao Fortes Engenharia'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.
BSP:JFEN3 vs CBRE, BEKE, JLL: Piotroski F-Score Comparison
For the Real Estate Services subindustry, Joao Fortes Engenharia'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.
Joao Fortes Engenharia Piotroski F-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Joao Fortes Engenharia's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Joao Fortes Engenharia'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.
Joao Fortes Engenharia's current Net Income (TTM) was -186.4.
==> Negative ==> Score 0.
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.
Joao Fortes Engenharia's current Cash Flow from Operations (TTM) was -58.0.
==> Negative ==> Score 0.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Joao Fortes Engenharia's return on assets of this year was -0.22713963. Joao Fortes Engenharia's return on assets of last year was -0.23458255.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Joao Fortes Engenharia's gearing of this year was 0.28589618. Joao Fortes Engenharia's gearing of last year was 0.16436596.
==> Last year is lower than this year ==> Score 0.
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
Joao Fortes Engenharia's current ratio of this year was 1.0579888. Joao Fortes Engenharia's current ratio of last year was 1.76246603.
==> 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.
Joao Fortes Engenharia's number of shares in issue this year was 12.803. Joao Fortes Engenharia's number of shares in issue last year was 12.319.
==> 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.
Joao Fortes Engenharia's gross margin of this year was -0.39871306. Joao Fortes Engenharia's gross margin of last year was -0.23757705.
==> 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
Joao Fortes Engenharia's asset turnover of this year was 0.14865347. Joao Fortes Engenharia's asset turnover of last year was 0.22400443.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Joao Fortes Engenharia has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
Joao Fortes Engenharia (BSP:JFEN3) has a Piotroski F-Score of 2 as of Jul. 14, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Joao Fortes Engenharia and its competitors. This is 50% below median its historical median of 4.00. Over the past decade, Joao Fortes Engenharia's Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Joao Fortes Engenharia ranks #1645 out of 1757 companies in the Real Estate industry, placing it in the top 93.6%.
Is Joao Fortes Engenharia's Piotroski F-Score too high?
Joao Fortes Engenharia's current Piotroski F-Score of 2 is 50% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 6.00. The Real Estate industry median Piotroski F-Score is 5.00. Joao Fortes Engenharia's value of 2 is 60% below this industry median. Based on the distribution chart, Joao Fortes Engenharia ranks #1645 out of 1757 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Joao Fortes Engenharia has a GF Score™ of 33/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Joao Fortes Engenharia's Piotroski F-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Joao Fortes Engenharia ranks #1645 out of 1757 companies for Piotroski F-Score. This places Joao Fortes Engenharia in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Joao Fortes Engenharia's value of 2 is 60% below this benchmark. Historically, Joao Fortes Engenharia's own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Joao Fortes Engenharia has consistently been below 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 1,757 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. Joao Fortes Engenharia's current Piotroski F-Score of 2 is 60% below 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 Joao Fortes Engenharia 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. Joao Fortes Engenharia's current Piotroski F-Score is 2, which is 50% below median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Joao Fortes Engenharia stock overvalued right now?
Based on GuruFocus' analysis, Joao Fortes Engenharia (BSP:JFEN3) is currently considered Possible Value Trap. The stock's GF Value™ is R$1.04, compared to a current price of R$0.61 — trading 41.3% below its estimated fair value. The current Piotroski F-Score is 2, which is 50% below median its 10-year median of 4.00 and 60% below the Real Estate industry median of 5.00. Joao Fortes Engenharia's overall GF Score™ is 33/100 with 4 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 Joao Fortes Engenharia (BSP:JFEN3), the current Piotroski F-Score is 2 as of Jul. 14, 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 Joao Fortes Engenharia (BSP:JFEN3) Overvalued in 2026?
Based on GuruFocus' analysis, Joao Fortes Engenharia stock appears to be undervalued.
The current stock price of R$0.61 is trading 41.3% below its estimated GF Value™ of R$1.04.
GuruFocus considers Joao Fortes Engenharia to be Possible Value Trap.
Key valuation signals for BSP:JFEN3:
Piotroski F-Score: 2 (50% below median its 10-year median of 4.00)
GF Value™: R$1.04 vs. price of R$0.61 (41.3% below fair value)
Industry Position: 60% below the Real Estate median (#1645 of 1757)
No single metric tells the full story. See the BSP:JFEN3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Joao Fortes Engenharia SA is engaged in the development, marketing and management of residential, commercial and industrial building, such as residential houses, commercial and business centers, corporate headquarters, hotels and special projects.
33GF Score
Get the complete analysis for BSP:JFEN3
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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