The RMR Group (FRA:26R) Piotroski F-Score: 4 (As of Jul. 27, 2026) — 20% Below Median

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FRA:26R The RMR Group Inc FRA:26R
82 GF Score
Price €16.60
GF Value €14.18
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is The RMR Group Piotroski F-Score?

The RMR Group FRA:26R -1.78% 82 Piotroski F-Score is 4 as of Jul. 27, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates FRA:26R with a GF Score™ of 82/100 and a GF Value™ of €14.18 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,754 Real Estate companies, The RMR Group ranks worse than 62.26% 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

The RMR Group 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 The RMR Group's Piotroski F-Score or its related term are showing as below:

FRA:26R' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 9
Current: 4

During the past 13 years, the highest Piotroski F-Score of The RMR Group was 9. The lowest was 3. And the median was 5.

The RMR Group  (FRA:26R) 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.


The RMR Group Piotroski F-Score Related Terms


The RMR Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for The RMR Group'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.

The RMR Group Piotroski F-Score Chart

The RMR Group Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 5.00 9.00 5.00 4.00

The RMR Group 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 4.00 4.00 4.00 4.00

FRA:26R vs MLP, SEG, TCI: Piotroski F-Score Comparison

For the Real Estate Services subindustry, The RMR Group'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.


The RMR Group Piotroski F-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, The RMR Group's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where The RMR Group's Piotroski F-Score falls into.


FRA:26R
82GF Score
The RMR Group Inc FRA:26R
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 3.629 + 2.909 + 10.41 + 0.871 = €17.8 Mil.
Cash Flow from Operations was 19.182 + 13.315 + 9.176 + 42.233 = €83.9 Mil.
Revenue was 134.149 + 135.819 + 154.082 + 125.969 = €550.0 Mil.
Gross Profit was 57.225 + 59.658 + 75.972 + 55.768 = €248.6 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(601.01 + 561.832 + 611.945 + 586.801 + 592.201) / 5 = €590.7578 Mil.
Total Assets at the begining of this year (Mar25) was €601.0 Mil.
Long-Term Debt & Capital Lease Obligation was €131.6 Mil.
Total Current Assets was €153.5 Mil.
Total Current Liabilities was €88.5 Mil.
Net Income was 4.585 + 4.808 + 6.093 + 3.345 = €18.8 Mil.

Revenue was 191.067 + 191.281 + 209.6 + 154.168 = €746.1 Mil.
Gross Profit was 68.051 + 69.264 + 67.322 + 63.755 = €268.4 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(537.005 + 559.535 + 631.145 + 661.559 + 601.01) / 5 = €598.0508 Mil.
Total Assets at the begining of last year (Mar24) was €537.0 Mil.
Long-Term Debt & Capital Lease Obligation was €98.4 Mil.
Total Current Assets was €225.6 Mil.
Total Current Liabilities was €89.9 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.

The RMR Group's current Net Income (TTM) was 17.8. ==> 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.

The RMR Group's current Cash Flow from Operations (TTM) was 83.9. ==> 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)
=17.819/601.01
=0.02964843

ROA (Last Year)=Net Income/Total Assets (Mar24)
=18.831/537.005
=0.03506671

The RMR Group's return on assets of this year was 0.02964843. The RMR Group's return on assets of last year was 0.03506671. ==> 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.

The RMR Group's current Net Income (TTM) was 17.8. The RMR Group's current Cash Flow from Operations (TTM) was 83.9. ==> 83.9 > 17.8 ==> 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
=131.573/590.7578
=0.22271902

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=98.422/598.0508
=0.1645713

The RMR Group's gearing of this year was 0.22271902. The RMR Group's gearing of last year was 0.1645713. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=153.539/88.54
=1.73412017

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=225.597/89.88
=2.50997997

The RMR Group's current ratio of this year was 1.73412017. The RMR Group's current ratio of last year was 2.50997997. ==> 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.

The RMR Group's number of shares in issue this year was 16.75. The RMR Group's number of shares in issue last year was 16.616. ==> 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
=248.623/550.019
=0.4520262

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=268.392/746.116
=0.35971886

The RMR Group's gross margin of this year was 0.4520262. The RMR Group's gross margin of last year was 0.35971886. ==> 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)
=550.019/601.01
=0.91515782

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=746.116/537.005
=1.38940233

The RMR Group's asset turnover of this year was 0.91515782. The RMR Group's asset turnover of last year was 1.38940233. ==> 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+1+0+1+0+0+0+1+0
=4

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

The RMR Group 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?
The RMR Group (FRA:26R) has a Piotroski F-Score of 4 as of Jul. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on The RMR Group and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, The RMR Group's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, The RMR Group ranks #1092 out of 1754 companies in the Real Estate industry, placing it in the top 62.3%.
Is The RMR Group's Piotroski F-Score too high?
The RMR Group'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 9.00. The Real Estate industry median Piotroski F-Score is 5.00. The RMR Group's value of 4 is 20% below this industry median. Based on the distribution chart, The RMR Group ranks #1092 out of 1754 companies in the Real Estate industry, which is below the industry midpoint. Overall, The RMR Group has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The RMR Group's Piotroski F-Score compare to MLP and SEG?
According to the Real Estate industry distribution chart, The RMR Group ranks #1092 out of 1754 companies for Piotroski F-Score. This places The RMR Group in the lower half of its industry. The industry median Piotroski F-Score is 5.00. The RMR Group's value of 4 is 20% below this benchmark. Historically, The RMR Group's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, The RMR Group 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,754 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. The RMR Group'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 The RMR Group and its competitors. For the Real Estate 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. The RMR Group'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 The RMR Group stock overvalued right now?
Based on GuruFocus' analysis, The RMR Group (FRA:26R) is currently considered Modestly Overvalued. The stock's GF Value™ is €14.18, compared to a current price of €16.60 — trading 17.1% above 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 Real Estate industry median of 5.00. The RMR Group's overall GF Score™ is 82/100 with 8 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 The RMR Group (FRA:26R), the current Piotroski F-Score is 4 as of Jul. 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 The RMR Group (FRA:26R) Overvalued in 2026?

Based on GuruFocus' analysis, The RMR Group stock appears to be overvalued. The current stock price of €16.60 is trading 17.1% above its estimated GF Value™ of €14.18. GuruFocus considers The RMR Group to be Modestly Overvalued.

Key valuation signals for FRA:26R:

  • Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
  • GF Value™: €14.18 vs. price of €16.60 (17.1% above fair value)
  • GF Score™: 82/100 with 8 warning signs
  • Industry Position: 20% below the Real Estate median (#1092 of 1754)

No single metric tells the full story. See the FRA:26R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The RMR Group Business Description

Other Exchanges RMR:USA
Address 255 Washington Street, Suite 300, Two Newton Place, Newton, MA, USA, 02458-1634
The RMR Group Inc is a holding company that conducts its business through its subsidiary, which is an alternative asset management company with a primary focus on commercial real estate and related businesses in the United States. Its business consists of providing management services to publicly owned real estate investment trusts, or REITs, and real estate-related operating companies. The company manages a diverse portfolio of real estate assets across sectors such as office, industrial, healthcare, retail, and hospitality, etc. It also provides management services to real estate securities mutual funds and commercial real estate finance companies. The company derives the majority of its revenues from its provision of management services.
82GF Score

Get the complete analysis for FRA:26R

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

€16.60
Price
€14.18
GF Value