Aritzia (FRA:280) Piotroski F-Score: 7 (As of Jun. 25, 2026) — Near Median


FRA:280 Aritzia Inc FRA:280
82 GF Score
Price €94.00
GF Value €45.26
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Aritzia Piotroski F-Score?

Aritzia FRA:280 -3.59% 82 Piotroski F-Score is 7 as of Jun. 25, 2026, which is at its 10-year median of 7.00. GuruFocus rates FRA:280 with a GF Score™ of 82/100 and a GF Value™ of €45.26 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,101 Retail - Cyclical companies, Aritzia ranks better than 91.19% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

Aritzia has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

FRA:280' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of Aritzia was 7. The lowest was 4. And the median was 7.

Aritzia  (FRA:280) 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.


Aritzia Piotroski F-Score Related Terms


Aritzia Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Aritzia'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.

Aritzia Piotroski F-Score Chart

Aritzia Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 5.00 5.00 7.00 7.00

Aritzia Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 7.00 8.00 8.00 8.00 7.00

FRA:280 vs TJX, ROST, BURL: Piotroski F-Score Comparison

For the Apparel Retail subindustry, Aritzia'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.


Aritzia Piotroski F-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Aritzia's Piotroski F-Score distribution charts can be found below:

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


FRA:280
82GF Score
Aritzia Inc FRA:280
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 (Feb26) TTM:Last Year (Feb25) TTM:
Net Income was 27.115 + 41.279 + 85.47 + 83.23 = €237 Mil.
Cash Flow from Operations was 64.144 + 90.378 + 219.78 + 136.493 = €511 Mil.
Revenue was 424.289 + 505.584 + 640.173 + 735.486 = €2,306 Mil.
Gross Profit was 200.08 + 221.415 + 294.718 + 318.612 = €1,035 Mil.
Average Total Assets from the begining of this year (Feb25)
to the end of this year (Feb26) was
(1648.774 + 1578.508 + 1747.063 + 1951.226 + 1943.715) / 5 = €1773.8572 Mil.
Total Assets at the begining of this year (Feb25) was €1,649 Mil.
Long-Term Debt & Capital Lease Obligation was €552 Mil.
Total Current Assets was €776 Mil.
Total Current Liabilities was €542 Mil.
Net Income was 10.716 + 12.12 + 49.933 + 66.897 = €140 Mil.

Revenue was 337.479 + 408.939 + 491.259 + 600.96 = €1,839 Mil.
Gross Profit was 148.59 + 164.387 + 224.821 + 255.193 = €793 Mil.
Average Total Assets from the begining of last year (Feb24)
to the end of last year (Feb25) was
(1336.345 + 1339.269 + 1470.237 + 1607.987 + 1648.774) / 5 = €1480.5224 Mil.
Total Assets at the begining of last year (Feb24) was €1,336 Mil.
Long-Term Debt & Capital Lease Obligation was €545 Mil.
Total Current Assets was €508 Mil.
Total Current Liabilities was €353 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.

Aritzia's current Net Income (TTM) was 237. ==> 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.

Aritzia's current Cash Flow from Operations (TTM) was 511. ==> 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 (Feb25)
=237.094/1648.774
=0.14380018

ROA (Last Year)=Net Income/Total Assets (Feb24)
=139.666/1336.345
=0.10451343

Aritzia's return on assets of this year was 0.14380018. Aritzia's return on assets of last year was 0.10451343. ==> 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.

Aritzia's current Net Income (TTM) was 237. Aritzia's current Cash Flow from Operations (TTM) was 511. ==> 511 > 237 ==> 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: Feb26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb25 to Feb26
=552.206/1773.8572
=0.3113024

Gearing (Last Year: Feb25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb24 to Feb25
=544.8/1480.5224
=0.36797822

Aritzia's gearing of this year was 0.3113024. Aritzia's gearing of last year was 0.36797822. ==> 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: Feb26)=Total Current Assets/Total Current Liabilities
=776.359/542.337
=1.43150661

Current Ratio (Last Year: Feb25)=Total Current Assets/Total Current Liabilities
=508.126/352.679
=1.44076058

Aritzia's current ratio of this year was 1.43150661. Aritzia's current ratio of last year was 1.44076058. ==> 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.

Aritzia's number of shares in issue this year was 120.615. Aritzia's number of shares in issue last year was 119.344. ==> 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
=1034.825/2305.532
=0.44884434

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=792.991/1838.637
=0.43129285

Aritzia's gross margin of this year was 0.44884434. Aritzia's gross margin of last year was 0.43129285. ==> 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 (Feb25)
=2305.532/1648.774
=1.39833112

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Feb24)
=1838.637/1336.345
=1.37587

Aritzia's asset turnover of this year was 1.39833112. Aritzia's asset turnover of last year was 1.37587. ==> 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+0+0+1+1
=7

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

Aritzia has an F-score of 7. 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 7 mean?
Aritzia (FRA:280) has a Piotroski F-Score of 7 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Aritzia and its competitors. This is near median its historical median of 7.00. Over the past decade, Aritzia's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Aritzia ranks #97 out of 1101 companies in the Retail - Cyclical industry, placing it in the top 8.8%.
Is Aritzia's Piotroski F-Score too high?
Aritzia's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Retail - Cyclical industry median Piotroski F-Score is 5.00. Aritzia's value of 7 is 40% above this industry median. Based on the distribution chart, Aritzia ranks #97 out of 1101 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Aritzia has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aritzia's Piotroski F-Score compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Aritzia ranks #97 out of 1101 companies for Piotroski F-Score. This places Aritzia in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Aritzia's value of 7 is 40% above this benchmark. Historically, Aritzia's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Aritzia 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 Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 5.00, based on 1,101 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. Aritzia's current Piotroski F-Score of 7 is 40% 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 Aritzia and its competitors. For the Retail - Cyclical 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. Aritzia's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aritzia stock overvalued right now?
Based on GuruFocus' analysis, Aritzia (FRA:280) is currently considered Significantly Overvalued. The stock's GF Value™ is €45.26, compared to a current price of €94.00 — trading 107.7% above its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Retail - Cyclical industry median of 5.00. Aritzia's overall GF Score™ is 82/100 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 Aritzia (FRA:280), the current Piotroski F-Score is 7 as of Jun. 25, 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 Aritzia (FRA:280) Overvalued in 2026?

Based on GuruFocus' analysis, Aritzia stock appears to be overvalued. The current stock price of €94.00 is trading 107.7% above its estimated GF Value™ of €45.26. GuruFocus considers Aritzia to be Significantly Overvalued.

Key valuation signals for FRA:280:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: €45.26 vs. price of €94.00 (107.7% above fair value)
  • GF Score™: 82/100 with 4 warning signs
  • Industry Position: 40% above the Retail - Cyclical median (#97 of 1101)

No single metric tells the full story. See the FRA:280 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aritzia Business Description

Other Exchanges ATZAF:USAATZ:Canada
Address 611 Alexander Street, Suite 118, Vancouver, BC, CAN, V6A 1E1
Aritzia Inc is an integrated design house of exclusive fashion brands. It designs apparel and accessories for its collection of exclusive brands and sells them under the Aritzia banner. The category of products offered by the firm is blouses, T-shirts, pants, dresses, sweaters, jackets and coats, skirts, shorts, jumpsuits, and accessories. The company reports as a single segment and includes all sales channels accessed by the company's clients, including sales through the company's eCommerce website and sales at the company's boutiques. Its geographical segments include Canada and the United States, of which it generates the majority of its revenue from the United States.
82GF Score

Get the complete analysis for FRA:280

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

€94.00
Price
€45.26
GF Value