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Stag IndustrialBSP:S2TA34 73 Piotroski F-Score is 5 as of Aug. 02, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates BSP:S2TA34 with a GF Score™ of 73/100 and a GF Value™ of R$41.32 (Fairly Valued). The stock has 7 warning signs investors should review. Among 873 REITs companies, Stag Industrial ranks worse than 53.04% 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
Stag Industrial has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Stag Industrial's Piotroski F-Score or its related term are showing as below:
BSP:S2TA34'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 7
Current: 5
During the past 13 years, the highest Piotroski F-Score of Stag Industrial was 7. The lowest was 4. And the median was 6.
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.
Stag Industrial Piotroski F-Score Related Terms
Stag Industrial Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Stag Industrial'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:S2TA34 vs TRNO, REXR, FR: Piotroski F-Score Comparison
For the REIT - Industrial subindustry, Stag Industrial'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.
Stag Industrial Piotroski F-Score vs REITs Industry
For the REITs industry and Real Estate sector, Stag Industrial's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Stag Industrial'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 (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was 260.835 + 455.442 + 324.23 + 271.152 = R$1,312 Mil. Cash Flow from Operations was 769.66 + 569.941 + 614.164 + 568.447 = R$2,522 Mil. Revenue was 1132.242 + 1205.142 + 1172.513 + 1145.38 = R$4,655 Mil. Gross Profit was 906.095 + 956.493 + 925.069 + 914.652 = R$3,702 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(37850.906 + 36989.04 + 39325.062 + 37567.177 + 38312.87) / 5 = R$38009.011 Mil. Total Assets at the begining of this year (Jun25) was R$37,851 Mil. Long-Term Debt & Capital Lease Obligation was R$15,524 Mil. Total Current Assets was R$1,829 Mil. Total Current Liabilities was R$3,355 Mil.
Net Income was 231.79 + 310.87 + 526.279 + 277.318 = R$1,346 Mil.
Revenue was 1056.274 + 1216.082 + 1183.716 + 1151.269 = R$4,607 Mil. Gross Profit was 845.755 + 970.431 + 932.213 + 927.202 = R$3,676 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(34708.669 + 36362.48 + 41690.177 + 39430.657 + 37850.906) / 5 = R$38008.5778 Mil. Total Assets at the begining of last year (Jun24) was R$34,709 Mil. Long-Term Debt & Capital Lease Obligation was R$16,789 Mil. Total Current Assets was R$1,526 Mil. Total Current Liabilities was R$1,068 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.
Stag Industrial's current Net Income (TTM) was 1,312.
==> 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.
Stag Industrial's return on assets of this year was 0.03465331. Stag Industrial's return on assets of last year was 0.03878734.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Stag Industrial's gearing of this year was 0.4084192. Stag Industrial's gearing of last year was 0.44170485.
==> 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
Stag Industrial's current ratio of this year was 0.54494151. Stag Industrial's current ratio of last year was 1.42991072.
==> 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.
Stag Industrial's number of shares in issue this year was 956.66. Stag Industrial's number of shares in issue last year was 934.55.
==> 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.
Stag Industrial's gross margin of this year was 0.79529295. Stag Industrial's gross margin of last year was 0.79777056.
==> 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
Stag Industrial's asset turnover of this year was 0.12298984. Stag Industrial's asset turnover of last year was 0.13274323.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Stag Industrial has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Stag Industrial (BSP:S2TA34) has a Piotroski F-Score of 5 as of Aug. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Stag Industrial and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Stag Industrial's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Stag Industrial ranks #463 out of 873 companies in the REITs industry, placing it in the top 53%.
Is Stag Industrial's Piotroski F-Score too high?
Stag Industrial's current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The REITs industry median Piotroski F-Score is 6.00. Stag Industrial's value of 5 is 16.7% below this industry median. Based on the distribution chart, Stag Industrial ranks #463 out of 873 companies in the REITs industry, which is below the industry midpoint. Overall, Stag Industrial has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Stag Industrial's Piotroski F-Score compare to TRNO and REXR?
According to the REITs industry distribution chart, Stag Industrial ranks #463 out of 873 companies for Piotroski F-Score. This places Stag Industrial in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Stag Industrial's value of 5 is 16.7% below this benchmark. Historically, Stag Industrial's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Stag Industrial 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 REITs company?
The median Piotroski F-Score among REITs companies is 6.00, based on 873 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. Stag Industrial's current Piotroski F-Score of 5 is 16.7% 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 Stag Industrial and its competitors. For the REITs industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Stag Industrial's current Piotroski F-Score is 5, which is 17% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stag Industrial stock overvalued right now?
Based on GuruFocus' analysis, Stag Industrial (BSP:S2TA34) is currently considered Fairly Valued. The stock's GF Value™ is R$41.32, compared to a current price of R$38.76 — trading 6.2% below its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 16.7% below the REITs industry median of 6.00. Stag Industrial's overall GF Score™ is 73/100 with 7 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 Stag Industrial (BSP:S2TA34), the current Piotroski F-Score is 5 as of Aug. 02, 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 Stag Industrial (BSP:S2TA34) Overvalued in 2026?
Based on GuruFocus' analysis, Stag Industrial stock appears to be undervalued.
The current stock price of R$38.76 is trading 6.2% below its estimated GF Value™ of R$41.32.
GuruFocus considers Stag Industrial to be Fairly Valued.
Key valuation signals for BSP:S2TA34:
Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
GF Value™: R$41.32 vs. price of R$38.76 (6.2% below fair value)
Industry Position: 16.7% below the REITs median (#463 of 873)
No single metric tells the full story. See the BSP:S2TA34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Stag Industrial Inc is a REIT focused on the acquisition, ownership, development, and operation of industrial properties throughout the United States. Its platform is designed to (i) identify properties for acquisition that offer attractive returns across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants, (ii) provide growth through the ownership of high-quality assets, property management and pursuit of acquisitions in an attractive opportunity set, and (iii) capitalize its business appropriately given the characteristics of its assets. The majority of its portfolio is single-tenant industrial properties throughout the United States. The company derives the majority of its rental revenue from its facilities located in Midwestern and Eastern U.S. cities.
73GF Score
Get the complete analysis for BSP:S2TA34
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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