FERA (Fifth Era Acquisition I) Piotroski F-Score: 3 (As of Sep. 15, 2026) — Near Median

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FERA Fifth Era Acquisition Corp I FERA
15 GF Score
Price $10.52
! 2 Warning Signs
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What is Fifth Era Acquisition I Piotroski F-Score?

Fifth Era Acquisition I FERA 15 Piotroski F-Score is 3 as of Sep. 15, 2026, which is at its 10-year median of 3.00. GuruFocus rates FERA with a GF Score™ of 15/100. The stock has 2 warning signs investors should review. Among 310 Diversified Financial Services companies, Fifth Era Acquisition I ranks better than 51.94% on this metric.

Warning Sign:

Piotroski F-Score of 3 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

Fifth Era Acquisition I has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Fifth Era Acquisition I's Piotroski F-Score or its related term are showing as below:

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

During the past 2 years, the highest Piotroski F-Score of Fifth Era Acquisition I was 3. The lowest was 3. And the median was 3.

Fifth Era Acquisition I  (NAS:FERA) 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.


Fifth Era Acquisition I Piotroski F-Score Related Terms


Fifth Era Acquisition I Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Fifth Era Acquisition I'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.

Fifth Era Acquisition I Piotroski F-Score Chart

Fifth Era Acquisition I Annual Data
Trend Dec24 Dec25
Piotroski F-Score
N/A N/A

Fifth Era Acquisition I Quarterly Data
Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only N/A N/A N/A N/A 3.00

FERA vs PCAP, DRDB, SZZL: Piotroski F-Score Comparison

For the Shell Companies subindustry, Fifth Era Acquisition I'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.


Fifth Era Acquisition I Piotroski F-Score vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Fifth Era Acquisition I's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Fifth Era Acquisition I's Piotroski F-Score falls into.


FERA
15GF Score
Fifth Era Acquisition Corp I FERA
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 (Jun26) TTM:Last Year (Jun25) TTM:
Net Income was 0.929 + 1.684 + 1.292 + 1.316 = $5.22 Mil.
Cash Flow from Operations was -0.184 + -0.124 + -0.173 + -0.212 = $-0.69 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(234.318 + 236.506 + 238.584 + 240.526 + 242.383) / 5 = $238.4634 Mil.
Total Assets at the begining of this year (Jun25) was $234.32 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.31 Mil.
Total Current Liabilities was $4.31 Mil.
Net Income was -0.055 + 0 + 0.622 + 0.896 = $1.46 Mil.

Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(0.098 + 0 + 0.164 + 232.082 + 234.318) / 5 = $116.6655 Mil.
Total Assets at the begining of last year (Jun24) was $0.10 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $1.07 Mil.
Total Current Liabilities was $1.46 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.

Fifth Era Acquisition I's current Net Income (TTM) was 5.22. ==> 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.

Fifth Era Acquisition I's current Cash Flow from Operations (TTM) was -0.69. ==> Negative ==> Score 0.

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)
=5.221/234.318
=0.02228169

ROA (Last Year)=Net Income/Total Assets (Jun24)
=1.463/0.098
=14.92857143

Fifth Era Acquisition I's return on assets of this year was 0.02228169. Fifth Era Acquisition I's return on assets of last year was 14.92857143. ==> Last year is higher ==> Score 0.

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.

Fifth Era Acquisition I's current Net Income (TTM) was 5.22. Fifth Era Acquisition I's current Cash Flow from Operations (TTM) was -0.69. ==> -0.69 <= 5.22 ==> CFROA <= ROA ==> Score 0.

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
=0/238.4634
=0

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=0/116.6655
=0

Fifth Era Acquisition I's gearing of this year was 0. Fifth Era Acquisition I'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

Current Ratio (This Year: Jun26)=Total Current Assets/Total Current Liabilities
=0.312/4.305
=0.07247387

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=1.067/1.461
=0.7303217

Fifth Era Acquisition I's current ratio of this year was 0.07247387. Fifth Era Acquisition I's current ratio of last year was 0.7303217. ==> 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.

Fifth Era Acquisition I's number of shares in issue this year was 31.267. Fifth Era Acquisition I's number of shares in issue last year was 31.267. ==> 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
=0/0
=

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0/0
=

Fifth Era Acquisition I's gross margin of this year was . Fifth Era Acquisition I's gross margin of last year was . ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jun25)
=0/234.318
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=0/0.098
=0

Fifth Era Acquisition I's asset turnover of this year was 0. Fifth Era Acquisition I's asset turnover of last year was 0. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+0+0+0+1+0+1+0+0
=3

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

Fifth Era Acquisition I has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
Fifth Era Acquisition I (FERA) has a Piotroski F-Score of 3 as of Sep. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Fifth Era Acquisition I and its competitors. This is near median its historical median of 3.00. Over the past decade, Fifth Era Acquisition I's Piotroski F-Score has ranged from 3.00 to 3.00. According to the industry distribution chart, Fifth Era Acquisition I ranks #149 out of 310 companies in the Diversified Financial Services industry, placing it in the top 48.1%.
Is Fifth Era Acquisition I's Piotroski F-Score too high?
Fifth Era Acquisition I's current Piotroski F-Score of 3 is near median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 3.00. The Diversified Financial Services industry median Piotroski F-Score is 3.00. Fifth Era Acquisition I's value of 3 is 0% at this industry median. Based on the distribution chart, Fifth Era Acquisition I ranks #149 out of 310 companies in the Diversified Financial Services industry, which is above the industry midpoint. Overall, Fifth Era Acquisition I has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Fifth Era Acquisition I's Piotroski F-Score compare to PCAP and DRDB?
According to the Diversified Financial Services industry distribution chart, Fifth Era Acquisition I ranks #149 out of 310 companies for Piotroski F-Score. This puts Fifth Era Acquisition I in the upper half of its industry. The industry median Piotroski F-Score is 3.00. Fifth Era Acquisition I's value of 3 is 0% at this benchmark. Historically, Fifth Era Acquisition I's own Piotroski F-Score has ranged from 3.00 to 3.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 3.00, Fifth Era Acquisition I has consistently been at 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 Diversified Financial Services company?
The median Piotroski F-Score among Diversified Financial Services companies is 3.00, based on 310 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. Fifth Era Acquisition I's current Piotroski F-Score of 3 is 0% at 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 Fifth Era Acquisition I and its competitors. For the Diversified Financial Services industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fifth Era Acquisition I's current Piotroski F-Score is 3, which is near median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fifth Era Acquisition I stock overvalued right now?
Fifth Era Acquisition I (FERA) has a current Piotroski F-Score of 3. The current Piotroski F-Score is 3, which is near median its 10-year median of 3.00 and 0% at the Diversified Financial Services industry median of 3.00. Fifth Era Acquisition I's overall GF Score™ is 15/100 with 2 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 Fifth Era Acquisition I (FERA), the current Piotroski F-Score is 3 as of Sep. 15, 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.

Fifth Era Acquisition I Business Description

Address Cricket Square, PO Box 1093, Boundary Hall, Grand Cayman, CYM, KY1-1102
Fifth Era Acquisition Corp I is a blank check company.
15GF Score

Get the complete analysis for FERA

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

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