Agat Ejendomme AS (FRA:2TD) Piotroski F-Score: 7 (As of Jun. 27, 2026) — 40% Above Median


FRA:2TD Agat Ejendomme AS FRA:2TD
28 GF Score
Price €0.12
GF Value €0.09
! 5 Warning Signs
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What is Agat Ejendomme AS Piotroski F-Score?

Agat Ejendomme AS FRA:2TD -4.07% 28 Piotroski F-Score is 7 as of Jun. 27, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates FRA:2TD with a GF Score™ of 28/100 and a GF Value™ of €0.09. The stock has 5 warning signs investors should review. Among 1,756 Real Estate companies, Agat Ejendomme AS ranks better than 93.11% 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

Agat Ejendomme AS 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 Agat Ejendomme AS's Piotroski F-Score or its related term are showing as below:

FRA:2TD' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Agat Ejendomme AS was 8. The lowest was 1. And the median was 5.

Agat Ejendomme AS  (FRA:2TD) 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.


Agat Ejendomme AS Piotroski F-Score Related Terms


Agat Ejendomme AS Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Agat Ejendomme AS'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.

Agat Ejendomme AS Piotroski F-Score Chart

Agat Ejendomme AS Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 5.00 5.00 4.00 7.00

Agat Ejendomme AS Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 4.00 7.00 6.00 7.00 7.00

FRA:2TD vs CBRE, BEKE, CSGP: Piotroski F-Score Comparison

For the Real Estate Services subindustry, Agat Ejendomme AS'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.


Agat Ejendomme AS Piotroski F-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Agat Ejendomme AS's Piotroski F-Score distribution charts can be found below:

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


FRA:2TD
28GF Score
Agat Ejendomme AS FRA:2TD
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 (Apr26) TTM:Last Year (Apr25) TTM:
Net Income was 0.456 + 0.817 + -1.485 + 0.294 = €0.08 Mil.
Cash Flow from Operations was 0.375 + -0.08 + 0.308 + 0.428 = €1.03 Mil.
Revenue was 2.319 + 2.477 + 2.448 + 2.409 = €9.65 Mil.
Gross Profit was 1.166 + 1.071 + -0.147 + 1.258 = €3.35 Mil.
Average Total Assets from the begining of this year (Apr25)
to the end of this year (Apr26) was
(103.253 + 103.024 + 104.625 + 102.489 + 102.193) / 5 = €103.1168 Mil.
Total Assets at the begining of this year (Apr25) was €103.25 Mil.
Long-Term Debt & Capital Lease Obligation was €60.00 Mil.
Total Current Assets was €11.70 Mil.
Total Current Liabilities was €6.17 Mil.
Net Income was -8.538 + 0.375 + -0.965 + 0.321 = €-8.81 Mil.

Revenue was 2.346 + 2.159 + 2.413 + 2.423 = €9.34 Mil.
Gross Profit was -2.654 + 0.952 + 0.55 + 1.058 = €-0.09 Mil.
Average Total Assets from the begining of last year (Apr24)
to the end of last year (Apr25) was
(115.71 + 105.931 + 104.726 + 103.388 + 103.253) / 5 = €106.6016 Mil.
Total Assets at the begining of last year (Apr24) was €115.71 Mil.
Long-Term Debt & Capital Lease Obligation was €60.32 Mil.
Total Current Assets was €13.56 Mil.
Total Current Liabilities was €6.84 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.

Agat Ejendomme AS's current Net Income (TTM) was 0.08. ==> 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.

Agat Ejendomme AS's current Cash Flow from Operations (TTM) was 1.03. ==> 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 (Apr25)
=0.082/103.253
=0.00079417

ROA (Last Year)=Net Income/Total Assets (Apr24)
=-8.807/115.71
=-0.0761127

Agat Ejendomme AS's return on assets of this year was 0.00079417. Agat Ejendomme AS's return on assets of last year was -0.0761127. ==> 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.

Agat Ejendomme AS's current Net Income (TTM) was 0.08. Agat Ejendomme AS's current Cash Flow from Operations (TTM) was 1.03. ==> 1.03 > 0.08 ==> 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: Apr26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr25 to Apr26
=59.996/103.1168
=0.58182566

Gearing (Last Year: Apr25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr24 to Apr25
=60.321/106.6016
=0.56585455

Agat Ejendomme AS's gearing of this year was 0.58182566. Agat Ejendomme AS's gearing of last year was 0.56585455. ==> 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: Apr26)=Total Current Assets/Total Current Liabilities
=11.697/6.17
=1.89578606

Current Ratio (Last Year: Apr25)=Total Current Assets/Total Current Liabilities
=13.561/6.841
=1.98231253

Agat Ejendomme AS's current ratio of this year was 1.89578606. Agat Ejendomme AS's current ratio of last year was 1.98231253. ==> 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.

Agat Ejendomme AS's number of shares in issue this year was 117.783. Agat Ejendomme AS's number of shares in issue last year was 117.783. ==> 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
=3.348/9.653
=0.34683518

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-0.094/9.341
=-0.01006316

Agat Ejendomme AS's gross margin of this year was 0.34683518. Agat Ejendomme AS's gross margin of last year was -0.01006316. ==> 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 (Apr25)
=9.653/103.253
=0.09348881

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Apr24)
=9.341/115.71
=0.08072768

Agat Ejendomme AS's asset turnover of this year was 0.09348881. Agat Ejendomme AS's asset turnover of last year was 0.08072768. ==> 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+0+0+1+1+1
=7

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

Agat Ejendomme AS 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?
Agat Ejendomme AS (FRA:2TD) has a Piotroski F-Score of 7 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Agat Ejendomme AS and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, Agat Ejendomme AS's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Agat Ejendomme AS ranks #121 out of 1756 companies in the Real Estate industry, placing it in the top 6.9%.
Is Agat Ejendomme AS's Piotroski F-Score too high?
Agat Ejendomme AS's current Piotroski F-Score of 7 is 40% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Real Estate industry median Piotroski F-Score is 5.00. Agat Ejendomme AS's value of 7 is 40% above this industry median. Based on the distribution chart, Agat Ejendomme AS ranks #121 out of 1756 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Agat Ejendomme AS has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Agat Ejendomme AS's Piotroski F-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Agat Ejendomme AS ranks #121 out of 1756 companies for Piotroski F-Score. This places Agat Ejendomme AS in the top 7% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Agat Ejendomme AS's value of 7 is 40% above this benchmark. Historically, Agat Ejendomme AS's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Agat Ejendomme AS 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,756 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. Agat Ejendomme AS'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 Agat Ejendomme AS 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. Agat Ejendomme AS's current Piotroski F-Score is 7, which is 40% above 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 Agat Ejendomme AS stock overvalued right now?
Agat Ejendomme AS (FRA:2TD) has a current Piotroski F-Score of 7. The stock's GF Value™ is €0.09, compared to a current price of €0.12 — trading 31.1% above its estimated fair value. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 40% above the Real Estate industry median of 5.00. Agat Ejendomme AS's overall GF Score™ is 28/100 with 5 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 Agat Ejendomme AS (FRA:2TD), the current Piotroski F-Score is 7 as of Jun. 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 Agat Ejendomme AS (FRA:2TD) Overvalued in 2026?

Based on GuruFocus' analysis, Agat Ejendomme AS stock appears to be overvalued. The current stock price of €0.12 is trading 31.1% above its estimated GF Value™ of €0.09.

Key valuation signals for FRA:2TD:

  • Piotroski F-Score: 7 (40% above median its 10-year median of 5.00)
  • GF Value™: €0.09 vs. price of €0.12 (31.1% above fair value)
  • GF Score™: 28/100 with 5 warning signs
  • Industry Position: 40% above the Real Estate median (#121 of 1756)

No single metric tells the full story. See the FRA:2TD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Agat Ejendomme AS Business Description

Other Exchanges AGAT:Denmark
Address Vestre Havnepromenade 7, 3rd Floor, Aalborg, DNK, 9000
Agat Ejendomme AS develops, builds and invests in properties that create value to the people who live, work and do their shopping in these properties. The properties developed by the company are either included in the company's property portfolio or sold to end-users or investors. The company's strategic focus is on the development of a diversified property portfolio in Denmark and on property development activities in Denmark. In terms of segments, the company is engaged in three business areas such as Real estate portfolio, Development activities, and Residual activities.
28GF Score

Get the complete analysis for FRA:2TD

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

€0.12
Price
€0.09
GF Value