FOXF (Fox Factory Holding) Piotroski F-Score: 4 (As of Aug. 20, 2026) — 20% Below Median

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FOXF Fox Factory Holding Corp FOXF
71 GF Score
Price $21.33
GF Value $29.78
Valuation Modestly Undervalued
! 9 Warning Signs
View Full Analysis

What is Fox Factory Holding Piotroski F-Score?

Fox Factory Holding FOXF -1.61% 71 Piotroski F-Score is 4 as of Aug. 20, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates FOXF with a GF Score™ of 71/100 and a GF Value™ of $29.78 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 1,280 Vehicles & Parts companies, Fox Factory Holding ranks worse than 70.63% 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

Fox Factory Holding 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 Fox Factory Holding's Piotroski F-Score or its related term are showing as below:

FOXF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Fox Factory Holding was 8. The lowest was 3. And the median was 5.

Fox Factory Holding  (NAS:FOXF) 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.


Fox Factory Holding Piotroski F-Score Related Terms


Fox Factory Holding Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Fox Factory Holding'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.

Fox Factory Holding Piotroski F-Score Chart

Fox Factory Holding Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 4.00 5.00 5.00 5.00

Fox Factory Holding 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 3.00 4.00 4.00 3.00 4.00

FOXF vs SMP, HYLN, MLR: Piotroski F-Score Comparison

For the Auto Parts subindustry, Fox Factory Holding'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.


Fox Factory Holding Piotroski F-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Fox Factory Holding's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Fox Factory Holding's Piotroski F-Score falls into.


FOXF
71GF Score
Fox Factory Holding Corp FOXF
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 -0.634 + -286.995 + -14.996 + 4.053 = $-299 Mil.
Cash Flow from Operations was 5.29 + 18.152 + -16.061 + 29.211 = $37 Mil.
Revenue was 376.355 + 361.072 + 368.657 + 358.122 = $1,464 Mil.
Gross Profit was 114.452 + 102.125 + 106.388 + 109.693 = $433 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(1965.002 + 1974.924 + 1671.749 + 1661.797 + 1636.456) / 5 = $1781.9856 Mil.
Total Assets at the begining of this year (Jun25) was $1,965 Mil.
Long-Term Debt & Capital Lease Obligation was $641 Mil.
Total Current Assets was $764 Mil.
Total Current Liabilities was $246 Mil.
Net Income was 4.78 + -0.141 + -259.694 + 2.744 = $-252 Mil.

Revenue was 359.121 + 352.837 + 355.03 + 374.864 = $1,442 Mil.
Gross Profit was 107.479 + 101.976 + 109.679 + 116.991 = $436 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(2265.621 + 2288.259 + 2234.788 + 1938.489 + 1965.002) / 5 = $2138.4318 Mil.
Total Assets at the begining of last year (Jun24) was $2,266 Mil.
Long-Term Debt & Capital Lease Obligation was $674 Mil.
Total Current Assets was $747 Mil.
Total Current Liabilities was $246 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.

Fox Factory Holding's current Net Income (TTM) was -299. ==> 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.

Score 1 if positive, 0 if negative.

Fox Factory Holding's current Cash Flow from Operations (TTM) was 37. ==> 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)
=-298.572/1965.002
=-0.15194488

ROA (Last Year)=Net Income/Total Assets (Jun24)
=-252.311/2265.621
=-0.11136505

Fox Factory Holding's return on assets of this year was -0.15194488. Fox Factory Holding's return on assets of last year was -0.11136505. ==> 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.

Fox Factory Holding's current Net Income (TTM) was -299. Fox Factory Holding's current Cash Flow from Operations (TTM) was 37. ==> 37 > -299 ==> 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
=640.827/1781.9856
=0.35961402

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=674.494/2138.4318
=0.31541525

Fox Factory Holding's gearing of this year was 0.35961402. Fox Factory Holding's gearing of last year was 0.31541525. ==> 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
=764.147/246.111
=3.10488763

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=746.555/246.011
=3.03464073

Fox Factory Holding's current ratio of this year was 3.10488763. Fox Factory Holding's current ratio of last year was 3.03464073. ==> 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.

Fox Factory Holding's number of shares in issue this year was 42.275. Fox Factory Holding's number of shares in issue last year was 41.866. ==> 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
=432.658/1464.206
=0.29548984

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=436.125/1441.852
=0.30247557

Fox Factory Holding's gross margin of this year was 0.29548984. Fox Factory Holding's gross margin of last year was 0.30247557. ==> 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)
=1464.206/1965.002
=0.74514224

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=1441.852/2265.621
=0.63640476

Fox Factory Holding's asset turnover of this year was 0.74514224. Fox Factory Holding's asset turnover of last year was 0.63640476. ==> 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
=0+1+0+1+0+1+0+0+1
=4

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

Fox Factory Holding has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
Fox Factory Holding (FOXF) has a Piotroski F-Score of 4 as of Aug. 20, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Fox Factory Holding and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Fox Factory Holding's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Fox Factory Holding ranks #904 out of 1280 companies in the Vehicles & Parts industry, placing it in the top 70.6%.
Is Fox Factory Holding's Piotroski F-Score too high?
Fox Factory Holding's current Piotroski F-Score of 4 is 20% below 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 Vehicles & Parts industry median Piotroski F-Score is 5.00. Fox Factory Holding's value of 4 is 20% below this industry median. Based on the distribution chart, Fox Factory Holding ranks #904 out of 1280 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Fox Factory Holding has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fox Factory Holding's Piotroski F-Score compare to SMP and HYLN?
According to the Vehicles & Parts industry distribution chart, Fox Factory Holding ranks #904 out of 1280 companies for Piotroski F-Score. This places Fox Factory Holding in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Fox Factory Holding's value of 4 is 20% below this benchmark. Historically, Fox Factory Holding'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 5.00, Fox Factory Holding 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 Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 5.00, based on 1,280 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. Fox Factory Holding's current Piotroski F-Score of 4 is 20% 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 Fox Factory Holding and its competitors. For the Vehicles & Parts 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. Fox Factory Holding's current Piotroski F-Score is 4, which is 20% below 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 Fox Factory Holding stock overvalued right now?
Based on GuruFocus' analysis, Fox Factory Holding (FOXF) is currently considered Modestly Undervalued. The stock's GF Value™ is $29.78, compared to a current price of $21.33 — trading 28.4% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Vehicles & Parts industry median of 5.00. Fox Factory Holding's overall GF Score™ is 71/100 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 Fox Factory Holding (FOXF), the current Piotroski F-Score is 4 as of Aug. 20, 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 Fox Factory Holding (FOXF) Overvalued in 2026?

Based on GuruFocus' analysis, Fox Factory Holding stock appears to be undervalued. The current stock price of $21.33 is trading 28.4% below its estimated GF Value™ of $29.78. GuruFocus considers Fox Factory Holding to be Modestly Undervalued.

Key valuation signals for FOXF:

  • Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
  • GF Value™: $29.78 vs. price of $21.33 (28.4% below fair value)
  • GF Score™: 71/100 with 9 warning signs
  • Industry Position: 20% below the Vehicles & Parts median (#904 of 1280)

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


Fox Factory Holding Business Description

Other Exchanges FF0:Germany
Address 2055 Sugarloaf Circle, Suite 300, Duluth, GA, USA, 30097
Fox Factory Holding Corp is a designer, manufacturer, and marketer of performance-defining products and systems used predominantly on bikes, Side-by-Sides, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, ATVs, snowmobiles, specialty vehicles and applications, motorcycles, and commercial trucks. Its business operates under the FOX, FOX RACING SHOX, and RACE FACE brands. Geographically, it derives a majority of revenue from North America and also has a presence in Asia, Europe, and the Rest of the World. The company operates in three segments: Powered Vehicles Group, Aftermarket Applications Group, and Specialty Sports Group, of which it derives maximum revenue from Specialty Sports Group segment.
71GF Score

Get the complete analysis for FOXF

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

$21.33
Price
$29.78
GF Value