FAT BrandsFABTQ 49 Piotroski F-Score is 2 as of Jun. 27, 2026, which is 50% below its 10-year median of 4.00. GuruFocus rates FABTQ with a GF Score™ of 49/100 and a GF Value™ of $74.40 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 357 Restaurants companies, FAT Brands ranks worse than 96.08% 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
FAT Brands 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 FAT Brands's Piotroski F-Score or its related term are showing as below:
FABTQ'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 4 Max: 5
Current: 2
During the past 10 years, the highest Piotroski F-Score of FAT Brands was 5. The lowest was 1. 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.
FAT Brands Piotroski F-Score Related Terms
FAT Brands Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for FAT Brands'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.
FABTQ vs TWNPQ, KITL, CHSN: Piotroski F-Score Comparison
For the Restaurants subindustry, FAT Brands'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.
FAT Brands Piotroski F-Score vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, FAT Brands's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where FAT Brands'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.
FAT Brands's current Net Income (TTM) was -225.8.
==> 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.
FAT Brands's return on assets of this year was -0.16854815. FAT Brands's return on assets of last year was -0.11655129.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
FAT Brands's gearing of this year was 0.15835662. FAT Brands's gearing of last year was 1.02075109.
==> 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
FAT Brands's current ratio of this year was 0.03137834. FAT Brands's current ratio of last year was 0.30249326.
==> 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.
FAT Brands's number of shares in issue this year was 17.872. FAT Brands's number of shares in issue last year was 17.052.
==> 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.
FAT Brands's gross margin of this year was 0.26673274. FAT Brands's gross margin of last year was 0.27802933.
==> 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
FAT Brands's asset turnover of this year was 0.42858241. FAT Brands's asset turnover of last year was 0.47509545.
==> 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
FAT Brands has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
FAT Brands (FABTQ) has a Piotroski F-Score of 2 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on FAT Brands and its competitors. This is 50% below median its historical median of 4.00. Over the past decade, FAT Brands' Piotroski F-Score has ranged from 1.00 to 5.00. According to the industry distribution chart, FAT Brands ranks #343 out of 357 companies in the Restaurants industry, placing it in the top 96.1%.
Is FAT Brands' Piotroski F-Score too high?
FAT Brands' 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 1.00 to a high of 5.00. The Restaurants industry median Piotroski F-Score is 5.00. FAT Brands' value of 2 is 60% below this industry median. Based on the distribution chart, FAT Brands ranks #343 out of 357 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, FAT Brands has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does FAT Brands' Piotroski F-Score compare to TWNPQ and KITL?
According to the Restaurants industry distribution chart, FAT Brands ranks #343 out of 357 companies for Piotroski F-Score. This places FAT Brands in the lower half of its industry. The industry median Piotroski F-Score is 5.00. FAT Brands' value of 2 is 60% below this benchmark. Historically, FAT Brands' own Piotroski F-Score has ranged from 1.00 to 5.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, FAT Brands 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 Restaurants company?
The median Piotroski F-Score among Restaurants companies is 5.00, based on 357 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. FAT Brands'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 FAT Brands and its competitors. For the Restaurants 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. FAT Brands'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 FAT Brands stock overvalued right now?
Based on GuruFocus' analysis, FAT Brands (FABTQ) is currently considered Possible Value Trap. The stock's GF Value™ is $74.40, compared to a current price of $0.21 — trading 99.7% 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 Restaurants industry median of 5.00. FAT Brands' overall GF Score™ is 49/100 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 FAT Brands (FABTQ), the current Piotroski F-Score is 2 as of Jun. 27, 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 FAT Brands (FABTQ) Overvalued in 2026?
Based on GuruFocus' analysis, FAT Brands stock appears to be undervalued.
The current stock price of $0.21 is trading 99.7% below its estimated GF Value™ of $74.40.
GuruFocus considers FAT Brands to be Possible Value Trap.
Key valuation signals for FABTQ:
Piotroski F-Score: 2 (50% below median its 10-year median of 4.00)
GF Value™: $74.40 vs. price of $0.21 (99.7% below fair value)
Industry Position: 60% below the Restaurants median (#343 of 357)
No single metric tells the full story. See the FABTQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FAT Brands Inc is a multi-brand restaurant franchising company. It develops, markets, acquires, and manages quick service, fast casual, casual dining, and polished casual dining restaurant concepts around the world. The company operates as a franchisor of restaurants, where the company generally does not own or operate the restaurant locations but rather generates revenue by charging franchisees an initial franchise fee as well as ongoing royalties. For some of the company's brands, it also directly owns and operates restaurant locations. Its brands include Round Table Pizza, Fatburger, Johnny Rockets, Twin Peaks, and Elevation Burger among others. Geographically, the majority of the revenue for the company is generated from the United States.
49GF Score
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