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.
SiteOne Landscape Supply Piotroski F-Score Related Terms
SiteOne Landscape Supply Piotroski F-Score Historical Data
* 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.
FRA:0S0 vs XMTR, REZI, MSM: Piotroski F-Score Comparison
For the Industrial Distribution subindustry, SiteOne Landscape Supply'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.
SiteOne Landscape Supply Piotroski F-Score vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, SiteOne Landscape Supply's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where SiteOne Landscape Supply'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.
SiteOne Landscape Supply's current Net Income (TTM) was 132.
==> 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.
SiteOne Landscape Supply's current Cash Flow from Operations (TTM) was 263.
==> 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.
SiteOne Landscape Supply's return on assets of this year was 0.04362977. SiteOne Landscape Supply's return on assets of last year was 0.03853384.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
SiteOne Landscape Supply's gearing of this year was 0.2988104. SiteOne Landscape Supply's gearing of last year was 0.29927535.
==> 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
SiteOne Landscape Supply's current ratio of this year was 2.32747959. SiteOne Landscape Supply's current ratio of last year was 2.35826134.
==> 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.
SiteOne Landscape Supply's number of shares in issue this year was 44.587. SiteOne Landscape Supply's number of shares in issue last year was 45.085.
==> 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.
SiteOne Landscape Supply's gross margin of this year was 0.34946226. SiteOne Landscape Supply's gross margin of last year was 0.34284487.
==> 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
SiteOne Landscape Supply's asset turnover of this year was 1.34216794. SiteOne Landscape Supply's asset turnover of last year was 1.54548709.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
SiteOne Landscape Supply has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
SiteOne Landscape Supply (FRA:0S0) has a Piotroski F-Score of 6 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on SiteOne Landscape Supply and its competitors. This is near median its historical median of 6.00. Over the past decade, SiteOne Landscape Supply's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, SiteOne Landscape Supply ranks #45 out of 149 companies in the Industrial Distribution industry, placing it in the top 30.2%.
Is SiteOne Landscape Supply's Piotroski F-Score too high?
SiteOne Landscape Supply's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Industrial Distribution industry median Piotroski F-Score is 6.00. SiteOne Landscape Supply's value of 6 is 0% at this industry median. Based on the distribution chart, SiteOne Landscape Supply ranks #45 out of 149 companies in the Industrial Distribution industry, which is above the industry midpoint. Overall, SiteOne Landscape Supply has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does SiteOne Landscape Supply's Piotroski F-Score compare to XMTR and REZI?
According to the Industrial Distribution industry distribution chart, SiteOne Landscape Supply ranks #45 out of 149 companies for Piotroski F-Score. This puts SiteOne Landscape Supply in the upper half of its industry. The industry median Piotroski F-Score is 6.00. SiteOne Landscape Supply's value of 6 is 0% at this benchmark. Historically, SiteOne Landscape Supply's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, SiteOne Landscape Supply 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 an Industrial Distribution company?
The median Piotroski F-Score among Industrial Distribution companies is 6.00, based on 149 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. SiteOne Landscape Supply's current Piotroski F-Score of 6 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 SiteOne Landscape Supply and its competitors. For the Industrial Distribution 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. SiteOne Landscape Supply's current Piotroski F-Score is 6, which is near 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 SiteOne Landscape Supply stock overvalued right now?
SiteOne Landscape Supply (FRA:0S0) has a current Piotroski F-Score of 6. The stock's GF Value™ is €129.24, compared to a current price of €99.00 — trading 23.4% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 0% at the Industrial Distribution industry median of 6.00. SiteOne Landscape Supply's overall GF Score™ is 81/100 with 4 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 SiteOne Landscape Supply (FRA:0S0), the current Piotroski F-Score is 6 as of Jun. 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 SiteOne Landscape Supply (FRA:0S0) Overvalued in 2026?
Based on GuruFocus' analysis, SiteOne Landscape Supply stock appears to be undervalued.
The current stock price of €99.00 is trading 23.4% below its estimated GF Value™ of €129.24.
Key valuation signals for FRA:0S0:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: €129.24 vs. price of €99.00 (23.4% below fair value)
Industry Position: 0% at the Industrial Distribution median (#45 of 149)
No single metric tells the full story. See the FRA:0S0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SiteOne Landscape Supply Inc is a national full product line wholesale distributor of landscape supplies in the United States and has an established presence in Canada. Its customers are mainly residential and commercial landscape professionals who specialized in the design, installation, and maintenance of lawns, gardens, golf courses, and other outdoor spaces.
81GF Score
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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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