FCPT (Four Corners Property Trust) Piotroski F-Score: 8 (As of Jun. 26, 2026) — 60% Above Median


FCPT Four Corners Property Trust Inc FCPT
81 GF Score
Price $25.02
GF Value $25.50
Valuation Fairly Valued
! 7 Warning Signs
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What is Four Corners Property Trust Piotroski F-Score?

Four Corners Property Trust FCPT -0.52% 81 Piotroski F-Score is 8 as of Jun. 26, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates FCPT with a GF Score™ of 81/100 and a GF Value™ of $25.50 (Fairly Valued). The stock has 7 warning signs investors should review. Among 888 REITs companies, Four Corners Property Trust ranks better than 98.42% on this metric.

Good Sign:

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

Four Corners Property Trust has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

FCPT' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Four Corners Property Trust was 8. The lowest was 3. And the median was 5.

Four Corners Property Trust  (NYSE:FCPT) 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.


Four Corners Property Trust Piotroski F-Score Related Terms


Four Corners Property Trust Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Four Corners Property 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.

Four Corners Property Trust Piotroski F-Score Chart

Four Corners Property 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 4.00 6.00 4.00 5.00 8.00

Four Corners Property Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 5.00 6.00 7.00 8.00 8.00

FCPT vs UE, IVT, AKR: Piotroski F-Score Comparison

For the REIT - Retail subindustry, Four Corners Property 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.


Four Corners Property Trust Piotroski F-Score vs REITs Industry

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

* The bar in red indicates where Four Corners Property Trust's Piotroski F-Score falls into.


FCPT
81GF Score
Four Corners Property Trust Inc FCPT
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 27.924 + 28.845 + 29.439 + 30.334 = $116.5 Mil.
Cash Flow from Operations was 43.759 + 48.927 + 48.035 + 47.165 = $187.9 Mil.
Revenue was 72.842 + 74.149 + 75.665 + 78.166 = $300.8 Mil.
Gross Profit was 62.095 + 63.241 + 65.139 + 66.914 = $257.4 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2711.152 + 2765.517 + 2834.439 + 2920.726 + 2951.879) / 5 = $2836.7426 Mil.
Total Assets at the begining of this year (Mar25) was $2,711.2 Mil.
Long-Term Debt & Capital Lease Obligation was $1,211.2 Mil.
Total Current Assets was $39.2 Mil.
Total Current Liabilities was $69.9 Mil.
Net Income was 24.672 + 25.581 + 26.176 + 26.156 = $102.6 Mil.

Revenue was 66.479 + 66.791 + 68.336 + 71.476 = $273.1 Mil.
Gross Profit was 56.311 + 57.148 + 58.193 + 60.656 = $232.3 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2462.61 + 2485.914 + 2564.344 + 2653.026 + 2711.152) / 5 = $2575.4092 Mil.
Total Assets at the begining of last year (Mar24) was $2,462.6 Mil.
Long-Term Debt & Capital Lease Obligation was $1,205.9 Mil.
Total Current Assets was $30.8 Mil.
Total Current Liabilities was $64.3 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.

Four Corners Property Trust's current Net Income (TTM) was 116.5. ==> 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.

Four Corners Property Trust's current Cash Flow from Operations (TTM) was 187.9. ==> 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 (Mar25)
=116.542/2711.152
=0.04298615

ROA (Last Year)=Net Income/Total Assets (Mar24)
=102.585/2462.61
=0.04165702

Four Corners Property Trust's return on assets of this year was 0.04298615. Four Corners Property Trust's return on assets of last year was 0.04165702. ==> 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.

Four Corners Property Trust's current Net Income (TTM) was 116.5. Four Corners Property Trust's current Cash Flow from Operations (TTM) was 187.9. ==> 187.9 > 116.5 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=1211.212/2836.7426
=0.42697282

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1205.937/2575.4092
=0.46825064

Four Corners Property Trust's gearing of this year was 0.42697282. Four Corners Property Trust's gearing of last year was 0.46825064. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=39.179/69.922
=0.56032436

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=30.764/64.255
=0.47877986

Four Corners Property Trust's current ratio of this year was 0.56032436. Four Corners Property Trust's current ratio of last year was 0.47877986. ==> This year's current ratio is higher. ==> Score 1.

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.

Four Corners Property Trust's number of shares in issue this year was 109.559. Four Corners Property Trust's number of shares in issue last year was 100.072. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=257.389/300.822
=0.85561894

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=232.308/273.082
=0.85068954

Four Corners Property Trust's gross margin of this year was 0.85561894. Four Corners Property Trust's gross margin of last year was 0.85068954. ==> 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 (Mar25)
=300.822/2711.152
=0.11095726

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=273.082/2462.61
=0.11089129

Four Corners Property Trust's asset turnover of this year was 0.11095726. Four Corners Property Trust's asset turnover of last year was 0.11089129. ==> 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+1+1+0+1+1
=8

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

Four Corners Property Trust has an F-score of 8. 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 8 mean?
Four Corners Property Trust (FCPT) has a Piotroski F-Score of 8 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Four Corners Property Trust and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Four Corners Property Trust's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Four Corners Property Trust ranks #14 out of 888 companies in the REITs industry, placing it in the top 1.6%.
Is Four Corners Property Trust's Piotroski F-Score too high?
Four Corners Property Trust's current Piotroski F-Score of 8 is 60% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The REITs industry median Piotroski F-Score is 6.00. Four Corners Property Trust's value of 8 is 33.3% above this industry median. Based on the distribution chart, Four Corners Property Trust ranks #14 out of 888 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Four Corners Property Trust has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Four Corners Property Trust's Piotroski F-Score compare to UE and IVT?
According to the REITs industry distribution chart, Four Corners Property Trust ranks #14 out of 888 companies for Piotroski F-Score. This places Four Corners Property Trust in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Four Corners Property Trust's value of 8 is 33.3% above this benchmark. Historically, Four Corners Property Trust's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Four Corners Property 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 888 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. Four Corners Property Trust's current Piotroski F-Score of 8 is 33.3% 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 Four Corners Property 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. Four Corners Property Trust's current Piotroski F-Score is 8, which is 60% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Four Corners Property Trust stock overvalued right now?
Based on GuruFocus' analysis, Four Corners Property Trust (FCPT) is currently considered Fairly Valued. The stock's GF Value™ is $25.50, compared to a current price of $25.02 — trading 1.9% below its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 33.3% above the REITs industry median of 6.00. Four Corners Property Trust's overall GF Score™ is 81/100 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 Four Corners Property Trust (FCPT), the current Piotroski F-Score is 8 as of Jun. 26, 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 Four Corners Property Trust (FCPT) Overvalued in 2026?

Based on GuruFocus' analysis, Four Corners Property Trust stock appears to be undervalued. The current stock price of $25.02 is trading 1.9% below its estimated GF Value™ of $25.50. GuruFocus considers Four Corners Property Trust to be Fairly Valued.

Key valuation signals for FCPT:

  • Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
  • GF Value™: $25.50 vs. price of $25.02 (1.9% below fair value)
  • GF Score™: 81/100 with 7 warning signs
  • Industry Position: 33.3% above the REITs median (#14 of 888)

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


Four Corners Property Trust Business Description

Industry Real EstateREITs
Other Exchanges 4Z1:Germany
Address 591 Redwood Highway, Suite 3215, Mill Valley, CA, USA, 94941
Four Corners Property Trust Inc is a real estate investment trust predominantly engaged in the ownership, acquisition and leasing of restaurant and retail properties. The company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. The firm operates through two segments namely, real estate operations and restaurant operations. The real estate operations segment consists of rental revenues generated by leasing restaurant and retail properties to tenants. The restaurant operations segment is conducted through a taxable REIT subsidiary (TRS) and consists of Kerrow Restaurant Operating Business. The firm generates majority of the revenue from the real estate operations segment.
81GF Score

Get the complete analysis for FCPT

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

$25.02
Price
$25.50
GF Value