Japan Logistics Fund (FRA:8UT) Piotroski F-Score: 8 (As of Jun. 30, 2026) — 14% Above Median


FRA:8UT Japan Logistics Fund Inc FRA:8UT
61 GF Score
Price €510.00
GF Value €541.18
! 3 Warning Signs
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What is Japan Logistics Fund Piotroski F-Score?

Japan Logistics Fund FRA:8UT 61 Piotroski F-Score is 8 as of Jun. 30, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates FRA:8UT with a GF Score™ of 61/100 and a GF Value™ of €541.18. The stock has 3 warning signs investors should review. Among 890 REITs companies, Japan Logistics Fund ranks better than 98.43% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

Japan Logistics Fund has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

FRA:8UT' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Japan Logistics Fund was 8. The lowest was 4. And the median was 7.

Japan Logistics Fund  (FRA:8UT) 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.


Japan Logistics Fund Piotroski F-Score Related Terms


Japan Logistics Fund Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Japan Logistics Fund'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.

Japan Logistics Fund Piotroski F-Score Chart

Japan Logistics Fund Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 7.00 7.00 8.00 8.00

Japan Logistics Fund Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 0.00 8.00 0.00 8.00 0.00

FRA:8UT vs PLD, PSA, EXR: Piotroski F-Score Comparison

For the REIT - Industrial subindustry, Japan Logistics Fund'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.


Japan Logistics Fund Piotroski F-Score vs REITs Industry

For the REITs industry and Real Estate sector, Japan Logistics Fund's Piotroski F-Score distribution charts can be found below:

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


FRA:8UT
61GF Score
Japan Logistics Fund Inc FRA:8UT
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 (Jul25) TTM:Last Year (Jul24) TTM:
Net Income was €67.0 Mil.
Cash Flow from Operations was €103.5 Mil.
Revenue was €130.4 Mil.
Gross Profit was €86.1 Mil.
Average Total Assets from the begining of this year (Jul24)
to the end of this year (Jul25) was (1602.828 + 1581.374) / 2 = €1592.101 Mil.
Total Assets at the begining of this year (Jul24) was €1,602.8 Mil.
Long-Term Debt & Capital Lease Obligation was €612.5 Mil.
Total Current Assets was €89.7 Mil.
Total Current Liabilities was €109.7 Mil.
Net Income was €59.6 Mil.

Revenue was €122.1 Mil.
Gross Profit was €77.4 Mil.
Average Total Assets from the begining of last year (Jul23)
to the end of last year (Jul24) was (1763.492 + 1602.828) / 2 = €1683.16 Mil.
Total Assets at the begining of last year (Jul23) was €1,763.5 Mil.
Long-Term Debt & Capital Lease Obligation was €662.6 Mil.
Total Current Assets was €95.2 Mil.
Total Current Liabilities was €61.2 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.

Japan Logistics Fund's current Net Income (TTM) was 67.0. ==> 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.

Japan Logistics Fund's current Cash Flow from Operations (TTM) was 103.5. ==> 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 (Jul24)
=66.972/1602.828
=0.04178365

ROA (Last Year)=Net Income/Total Assets (Jul23)
=59.597/1763.492
=0.03379488

Japan Logistics Fund's return on assets of this year was 0.04178365. Japan Logistics Fund's return on assets of last year was 0.03379488. ==> 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.

Japan Logistics Fund's current Net Income (TTM) was 67.0. Japan Logistics Fund's current Cash Flow from Operations (TTM) was 103.5. ==> 103.5 > 67.0 ==> 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: Jul25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jul24 to Jul25
=612.47/1592.101
=0.38469293

Gearing (Last Year: Jul24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jul23 to Jul24
=662.593/1683.16
=0.39366014

Japan Logistics Fund's gearing of this year was 0.38469293. Japan Logistics Fund's gearing of last year was 0.39366014. ==> 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: Jul25)=Total Current Assets/Total Current Liabilities
=89.729/109.749
=0.81758376

Current Ratio (Last Year: Jul24)=Total Current Assets/Total Current Liabilities
=95.171/61.193
=1.55525959

Japan Logistics Fund's current ratio of this year was 0.81758376. Japan Logistics Fund's current ratio of last year was 1.55525959. ==> 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.

Japan Logistics Fund's number of shares in issue this year was 2.746. Japan Logistics Fund's number of shares in issue last year was 2.796. ==> 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
=86.132/130.352
=0.6607647

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=77.397/122.112
=0.63381977

Japan Logistics Fund's gross margin of this year was 0.6607647. Japan Logistics Fund's gross margin of last year was 0.63381977. ==> 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 (Jul24)
=130.352/1602.828
=0.08132626

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jul23)
=122.112/1763.492
=0.06924443

Japan Logistics Fund's asset turnover of this year was 0.08132626. Japan Logistics Fund's asset turnover of last year was 0.06924443. ==> 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+1+1+1
=8

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

Japan Logistics Fund has an F-score of 8. 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 8 mean?
Japan Logistics Fund (FRA:8UT) has a Piotroski F-Score of 8 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Japan Logistics Fund and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Japan Logistics Fund's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Japan Logistics Fund ranks #14 out of 890 companies in the REITs industry, placing it in the top 1.6%.
Is Japan Logistics Fund's Piotroski F-Score too high?
Japan Logistics Fund's current Piotroski F-Score of 8 is 14% above 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 8.00. The REITs industry median Piotroski F-Score is 6.00. Japan Logistics Fund's value of 8 is 33.3% above this industry median. Based on the distribution chart, Japan Logistics Fund ranks #14 out of 890 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Japan Logistics Fund has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does Japan Logistics Fund's Piotroski F-Score compare to PLD and PSA?
According to the REITs industry distribution chart, Japan Logistics Fund ranks #14 out of 890 companies for Piotroski F-Score. This places Japan Logistics Fund in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Japan Logistics Fund's value of 8 is 33.3% above this benchmark. Historically, Japan Logistics Fund'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 7.00 vs. the industry median of 6.00, Japan Logistics Fund 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 REITs company?
The median Piotroski F-Score among REITs companies is 6.00, based on 890 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. Japan Logistics Fund's current Piotroski F-Score of 8 is 33.3% 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 Japan Logistics Fund and its competitors. For the REITs 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. Japan Logistics Fund's current Piotroski F-Score is 8, which is 14% above 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 Japan Logistics Fund stock overvalued right now?
Japan Logistics Fund (FRA:8UT) has a current Piotroski F-Score of 8. The stock's GF Value™ is €541.18, compared to a current price of €510.00 — trading 5.8% below its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 33.3% above the REITs industry median of 6.00. Japan Logistics Fund's overall GF Score™ is 61/100 with 3 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 Japan Logistics Fund (FRA:8UT), the current Piotroski F-Score is 8 as of Jun. 30, 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 Japan Logistics Fund (FRA:8UT) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Logistics Fund stock appears to be undervalued. The current stock price of €510.00 is trading 5.8% below its estimated GF Value™ of €541.18.

Key valuation signals for FRA:8UT:

  • Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
  • GF Value™: €541.18 vs. price of €510.00 (5.8% below fair value)
  • GF Score™: 61/100 with 3 warning signs
  • Industry Position: 33.3% above the REITs median (#14 of 890)

No single metric tells the full story. See the FRA:8UT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Japan Logistics Fund Business Description

Industry Real EstateREITs
Other Exchanges 8967:Japan
Address 3-2-1, Nishikanda, Chiyoda-ku, Tokyo, JPN, 101-0065
Japan Logistics Fund Inc is a Real Estate Investment Trust dedicated to investing in logistics properties. Its investment targets shall be real estate used for logistics facilities. The real estate used for data centers and other telecommunication facilities and real estate that is not being used for logistics facilities at the time of acquisition but may be constructed, converted or redeveloped to be used for logistics facilities.
61GF Score

Get the complete analysis for FRA:8UT

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

€510.00
Price
€541.18
GF Value