CLDT (Chatham Lodging Trust) Piotroski F-Score: 7 (As of Aug. 29, 2026) — 17% Above Median

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CLDT Chatham Lodging Trust CLDT
69 GF Score
Price $13.67
GF Value $8.54
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Chatham Lodging Trust Piotroski F-Score?

Chatham Lodging Trust CLDT +2.40% 69 Piotroski F-Score is 7 as of Aug. 29, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates CLDT with a GF Score™ of 69/100 and a GF Value™ of $8.54 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 870 REITs companies, Chatham Lodging Trust ranks better than 92.18% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

Chatham Lodging Trust has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Chatham Lodging Trust's Piotroski F-Score or its related term are showing as below:

CLDT' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Chatham Lodging Trust was 8. The lowest was 2. And the median was 6.

Chatham Lodging Trust  (NYSE:CLDT) 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.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

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.


Chatham Lodging Trust Piotroski F-Score Related Terms


Chatham Lodging Trust Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Chatham Lodging Trust'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.

Chatham Lodging Trust Piotroski F-Score Chart

Chatham Lodging Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 7.00 6.00 6.00 6.00

Chatham Lodging Trust Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 6.00 6.00 7.00 7.00

CLDT vs INN, SVC, BHR: Piotroski F-Score Comparison

For the REIT - Hotel & Motel subindustry, Chatham Lodging Trust'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.


Chatham Lodging Trust Piotroski F-Score vs REITs Industry

For the REITs industry and Real Estate sector, Chatham Lodging Trust's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Chatham Lodging Trust's Piotroski F-Score falls into.


CLDT
69GF Score
Chatham Lodging Trust CLDT
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* 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 3.531 + 4.612 + -4.304 + 8.214 = $12.1 Mil.
Cash Flow from Operations was 25.574 + 12.252 + 13.336 + 25.604 = $76.8 Mil.
Revenue was 78.409 + 67.738 + 67.504 + 87.804 = $301.5 Mil.
Gross Profit was 28.759 + 22.387 + 21.402 + 35.729 = $108.3 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(1194.329 + 1182.54 + 1170.381 + 1243.274 + 1234.121) / 5 = $1204.929 Mil.
Total Assets at the begining of this year (Jun25) was $1,194.3 Mil.
Long-Term Debt & Capital Lease Obligation was $434.1 Mil.
Total Current Assets was $20.7 Mil.
Total Current Liabilities was $38.2 Mil.
Net Income was 4.251 + -1.708 + 1.536 + 5.376 = $9.5 Mil.

Revenue was 87.177 + 75.11 + 68.635 + 80.294 = $311.2 Mil.
Gross Profit was 32.2 + 24.339 + 20.835 + 30.891 = $108.3 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(1302.478 + 1294.981 + 1254.681 + 1226.31 + 1194.329) / 5 = $1254.5558 Mil.
Total Assets at the begining of last year (Jun24) was $1,302.5 Mil.
Long-Term Debt & Capital Lease Obligation was $371.6 Mil.
Total Current Assets was $28.9 Mil.
Total Current Liabilities was $33.8 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.

Chatham Lodging Trust's current Net Income (TTM) was 12.1. ==> 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.

Chatham Lodging Trust's current Cash Flow from Operations (TTM) was 76.8. ==> 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.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Jun25)
=12.053/1194.329
=0.01009186

ROA (Last Year)=Net Income/Total Assets (Jun24)
=9.455/1302.478
=0.00725924

Chatham Lodging Trust's return on assets of this year was 0.01009186. Chatham Lodging Trust's return on assets of last year was 0.00725924. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Chatham Lodging Trust's current Net Income (TTM) was 12.1. Chatham Lodging Trust's current Cash Flow from Operations (TTM) was 76.8. ==> 76.8 > 12.1 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun25 to Jun26
=434.05/1204.929
=0.36022869

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=371.568/1254.5558
=0.29617495

Chatham Lodging Trust's gearing of this year was 0.36022869. Chatham Lodging Trust's gearing of last year was 0.29617495. ==> 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

Current Ratio (This Year: Jun26)=Total Current Assets/Total Current Liabilities
=20.703/38.218
=0.5417081

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=28.885/33.792
=0.85478812

Chatham Lodging Trust's current ratio of this year was 0.5417081. Chatham Lodging Trust's current ratio of last year was 0.85478812. ==> 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.

Chatham Lodging Trust's number of shares in issue this year was 47.913. Chatham Lodging Trust's number of shares in issue last year was 49.566. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=108.277/301.455
=0.3591813

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=108.265/311.216
=0.34787736

Chatham Lodging Trust's gross margin of this year was 0.3591813. Chatham Lodging Trust's gross margin of last year was 0.34787736. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jun25)
=301.455/1194.329
=0.25240533

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=311.216/1302.478
=0.23894146

Chatham Lodging Trust's asset turnover of this year was 0.25240533. Chatham Lodging Trust's asset turnover of last year was 0.23894146. ==> 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+1+0+0+1+1+1
=7

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Chatham Lodging Trust has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Chatham Lodging Trust (CLDT) has a Piotroski F-Score of 7 as of Aug. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Chatham Lodging Trust and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Chatham Lodging Trust's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Chatham Lodging Trust ranks #68 out of 870 companies in the REITs industry, placing it in the top 7.8%.
Is Chatham Lodging Trust's Piotroski F-Score too high?
Chatham Lodging Trust's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The REITs industry median Piotroski F-Score is 6.00. Chatham Lodging Trust's value of 7 is 16.7% above this industry median. Based on the distribution chart, Chatham Lodging Trust ranks #68 out of 870 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Chatham Lodging Trust has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chatham Lodging Trust's Piotroski F-Score compare to INN and SVC?
According to the REITs industry distribution chart, Chatham Lodging Trust ranks #68 out of 870 companies for Piotroski F-Score. This places Chatham Lodging Trust in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Chatham Lodging Trust's value of 7 is 16.7% above this benchmark. Historically, Chatham Lodging Trust's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Chatham Lodging Trust 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 REITs company?
The median Piotroski F-Score among REITs companies is 6.00, based on 870 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. Chatham Lodging Trust's current Piotroski F-Score of 7 is 16.7% 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 Chatham Lodging Trust 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. Chatham Lodging Trust's current Piotroski F-Score is 7, which is 17% above 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 Chatham Lodging Trust stock overvalued right now?
Based on GuruFocus' analysis, Chatham Lodging Trust (CLDT) is currently considered Significantly Overvalued. The stock's GF Value™ is $8.54, compared to a current price of $13.67 — trading 60.1% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 16.7% above the REITs industry median of 6.00. Chatham Lodging Trust's overall GF Score™ is 69/100 with 9 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 Chatham Lodging Trust (CLDT), the current Piotroski F-Score is 7 as of Aug. 29, 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 Chatham Lodging Trust (CLDT) Overvalued in 2026?

Based on GuruFocus' analysis, Chatham Lodging Trust stock appears to be overvalued. The current stock price of $13.67 is trading 60.1% above its estimated GF Value™ of $8.54. GuruFocus considers Chatham Lodging Trust to be Significantly Overvalued.

Key valuation signals for CLDT:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: $8.54 vs. price of $13.67 (60.1% above fair value)
  • GF Score™: 69/100 with 9 warning signs
  • Industry Position: 16.7% above the REITs median (#68 of 870)

No single metric tells the full story. See the CLDT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chatham Lodging Trust Business Description

Industry Real EstateREITs
Address 222 Lakeview Avenue, Suite 200, West Palm Beach, FL, USA, 33401
Chatham Lodging Trust is a U.S.-based real estate investment trust that invests in upscale extended-stay hotels. The firm operates across various states in the U.S., including California, New York, Texas, Florida, Minnesota, Massachusetts, and Pennsylvania, among others. Substantially all of the company's assets are held and operated by its operating partnership, Chatham Lodging, LP. Chatham Lodging LP and its subsidiaries lease the overall company's hotels. Chatham's revenue streams include room, food and beverage, and other. The room comprises the majority of its total revenue. Chatham's hotels operate under various brands, which include Hilton, Marriott, and Hyatt.
69GF Score

Get the complete analysis for CLDT

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$13.67
Price
$8.54
GF Value