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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
Kinea High Yield Cri Fundo Investimento Imobiliario FII has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
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.
Kinea High Yield Cri Fundo Investimento Imobiliario FII Piotroski F-Score Related Terms
Kinea High Yield Cri Fundo Investimento Imobiliario FII 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.
* 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.
Kinea High Yield Cri Fundo Investimento Imobiliario FII Piotroski F-Score vs Asset Management Industry
* 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.
Kinea High Yield Cri Fundo Investimento Imobiliario FII's current Net Income (TTM) was 402.1.
==> 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.
Kinea High Yield Cri Fundo Investimento Imobiliario FII's current Cash Flow from Operations (TTM) was 402.4.
==> 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.
Kinea High Yield Cri Fundo Investimento Imobiliario FII's return on assets of this year was 0.14026638. Kinea High Yield Cri Fundo Investimento Imobiliario FII's return on assets of last year was 0.13272266.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Kinea High Yield Cri Fundo Investimento Imobiliario FII's gearing of this year was 0. Kinea High Yield Cri Fundo Investimento Imobiliario FII's gearing of last year was 0.
==> 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
Kinea High Yield Cri Fundo Investimento Imobiliario FII's current ratio of this year was 0.22983473. Kinea High Yield Cri Fundo Investimento Imobiliario FII's current ratio of last year was 4.92734535.
==> 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.
Kinea High Yield Cri Fundo Investimento Imobiliario FII's number of shares in issue this year was 28.17. Kinea High Yield Cri Fundo Investimento Imobiliario FII's number of shares in issue last year was 28.17.
==> 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.
Kinea High Yield Cri Fundo Investimento Imobiliario FII's gross margin of this year was 0.90597003. Kinea High Yield Cri Fundo Investimento Imobiliario FII's gross margin of last year was 0.90417279.
==> 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
Kinea High Yield Cri Fundo Investimento Imobiliario FII's asset turnover of this year was 0.15488382. Kinea High Yield Cri Fundo Investimento Imobiliario FII's asset turnover of last year was 0.14939683.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Que. 1
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Que. 2
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Que. 4
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Que. 5
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Que. 7
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Que. 9
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1
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1
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1
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1
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1
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0
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1
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8
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Kinea High Yield Cri Fundo Investimento Imobiliario FII has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Kinea High Yield Cri Fundo Investimento Imobiliario FII (BSP:KNHY11) has a Piotroski F-Score of 8 as of Aug. 18, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kinea High Yield Cri Fundo Investimento Imobiliario FII and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Kinea High Yield Cri Fundo Investimento Imobiliario FII's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Kinea High Yield Cri Fundo Investimento Imobiliario FII ranks #12 out of 1595 companies in the Asset Management industry, placing it in the top 0.8%.
Is Kinea High Yield Cri Fundo Investimento Imobiliario FII's Piotroski F-Score too high?
Kinea High Yield Cri Fundo Investimento Imobiliario FII's current Piotroski F-Score of 8 is 14% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Asset Management industry median Piotroski F-Score is 5.00. Kinea High Yield Cri Fundo Investimento Imobiliario FII's value of 8 is 60% above this industry median. Based on the distribution chart, Kinea High Yield Cri Fundo Investimento Imobiliario FII ranks #12 out of 1595 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Kinea High Yield Cri Fundo Investimento Imobiliario FII has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kinea High Yield Cri Fundo Investimento Imobiliario FII's Piotroski F-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Kinea High Yield Cri Fundo Investimento Imobiliario FII ranks #12 out of 1595 companies for Piotroski F-Score. This places Kinea High Yield Cri Fundo Investimento Imobiliario FII in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Kinea High Yield Cri Fundo Investimento Imobiliario FII's value of 8 is 60% above this benchmark. Historically, Kinea High Yield Cri Fundo Investimento Imobiliario FII's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Kinea High Yield Cri Fundo Investimento Imobiliario FII 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 an Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,595 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. Kinea High Yield Cri Fundo Investimento Imobiliario FII'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 Kinea High Yield Cri Fundo Investimento Imobiliario FII and its competitors. For the Asset Management 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. Kinea High Yield Cri Fundo Investimento Imobiliario FII's current Piotroski F-Score is 8, which is 14% above median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kinea High Yield Cri Fundo Investimento Imobiliario FII stock overvalued right now?
Based on GuruFocus' analysis, Kinea High Yield Cri Fundo Investimento Imobiliario FII (BSP:KNHY11) is currently considered Modestly Undervalued. The stock's GF Value™ is R$125.32, compared to a current price of R$95.73 — trading 23.6% below its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 60% above the Asset Management industry median of 5.00. Kinea High Yield Cri Fundo Investimento Imobiliario FII's overall GF Score™ is 74/100 with 3 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 Kinea High Yield Cri Fundo Investimento Imobiliario FII (BSP:KNHY11), the current Piotroski F-Score is 8 as of Aug. 18, 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 Kinea High Yield Cri Fundo Investimento Imobiliario FII (BSP:KNHY11) Overvalued in 2026?
Based on GuruFocus' analysis, Kinea High Yield Cri Fundo Investimento Imobiliario FII stock appears to be undervalued.
The current stock price of R$95.73 is trading 23.6% below its estimated GF Value™ of R$125.32.
GuruFocus considers Kinea High Yield Cri Fundo Investimento Imobiliario FII to be Modestly Undervalued.
Key valuation signals for BSP:KNHY11:
Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
GF Value™: R$125.32 vs. price of R$95.73 (23.6% below fair value)
Industry Position: 60% above the Asset Management median (#12 of 1595)
No single metric tells the full story. See the BSP:KNHY11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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