Krispy KremeFRA:9YM -2.61%52 Piotroski F-Score is 4 as of Jul. 01, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates FRA:9YM with a GF Score™ of 52/100 and a GF Value™ of €7.45 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 296 Retail - Defensive companies, Krispy Kreme ranks worse than 71.96% 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
Krispy Kreme 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 Krispy Kreme's Piotroski F-Score or its related term are showing as below:
FRA:9YM'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 7
Current: 4
During the past 8 years, the highest Piotroski F-Score of Krispy Kreme was 7. The lowest was 2. And the median was 5.
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.
Krispy Kreme Piotroski F-Score Related Terms
Krispy Kreme Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Krispy Kreme'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.
FRA:9YM vs VLGEA, YSWY, NGVC: Piotroski F-Score Comparison
For the Grocery Stores subindustry, Krispy Kreme'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.
Krispy Kreme Piotroski F-Score vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Krispy Kreme's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Krispy Kreme'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.
Krispy Kreme's current Net Income (TTM) was -437.
==> Negative ==> Score 0.
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.
Krispy Kreme's return on assets of this year was -0.15305268. Krispy Kreme's return on assets of last year was -0.00728465.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Krispy Kreme's gearing of this year was 0.43537135. Krispy Kreme's gearing of last year was 0.42838013.
==> 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
Krispy Kreme's current ratio of this year was 0.41899795. Krispy Kreme's current ratio of last year was 0.35150464.
==> This year's current ratio is higher. ==> Score 1.
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.
Krispy Kreme's number of shares in issue this year was 172.019. Krispy Kreme's number of shares in issue last year was 170.291.
==> 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.
Krispy Kreme's gross margin of this year was 0.75560416. Krispy Kreme's gross margin of last year was 0.75416998.
==> 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
Krispy Kreme's asset turnover of this year was 0.45547525. Krispy Kreme's asset turnover of last year was 0.49832452.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Krispy Kreme has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Krispy Kreme (FRA:9YM) has a Piotroski F-Score of 4 as of Jul. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Krispy Kreme and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Krispy Kreme's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Krispy Kreme ranks #213 out of 296 companies in the Retail - Defensive industry, placing it in the top 72%.
Is Krispy Kreme's Piotroski F-Score too high?
Krispy Kreme'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 2.00 to a high of 7.00. The Retail - Defensive industry median Piotroski F-Score is 6.00. Krispy Kreme's value of 4 is 33.3% below this industry median. Based on the distribution chart, Krispy Kreme ranks #213 out of 296 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Krispy Kreme has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Krispy Kreme's Piotroski F-Score compare to VLGEA and YSWY?
According to the Retail - Defensive industry distribution chart, Krispy Kreme ranks #213 out of 296 companies for Piotroski F-Score. This places Krispy Kreme in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Krispy Kreme's value of 4 is 33.3% below this benchmark. Historically, Krispy Kreme's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Krispy Kreme 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 Retail - Defensive company?
The median Piotroski F-Score among Retail - Defensive companies is 6.00, based on 296 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. Krispy Kreme's current Piotroski F-Score of 4 is 33.3% 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 Krispy Kreme and its competitors. For the Retail - Defensive 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. Krispy Kreme'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 Krispy Kreme stock overvalued right now?
Based on GuruFocus' analysis, Krispy Kreme (FRA:9YM) is currently considered Possible Value Trap. The stock's GF Value™ is €7.45, compared to a current price of €2.99 — trading 59.9% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 33.3% below the Retail - Defensive industry median of 6.00. Krispy Kreme's overall GF Score™ is 52/100 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 Krispy Kreme (FRA:9YM), the current Piotroski F-Score is 4 as of Jul. 01, 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 Krispy Kreme (FRA:9YM) Overvalued in 2026?
Based on GuruFocus' analysis, Krispy Kreme stock appears to be undervalued.
The current stock price of €2.99 is trading 59.9% below its estimated GF Value™ of €7.45.
GuruFocus considers Krispy Kreme to be Possible Value Trap.
Key valuation signals for FRA:9YM:
Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
GF Value™: €7.45 vs. price of €2.99 (59.9% below fair value)
Industry Position: 33.3% below the Retail - Defensive median (#213 of 296)
No single metric tells the full story. See the FRA:9YM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Krispy Kreme Inc is a sweet-treat brand company. The company's Original Glazed doughnut is recognized for its hot-off-the-line, melt-in-mouth experience. It operates through its network of fresh Doughnut Shops, partnerships with retailers, and a growing e-commerce and delivery business. The company conducts its business through the following three reported segments: U.S., which includes all operations in the United States; International, which includes operations in the U.K., Ireland, Australia, New Zealand, Canada, Japan, and Mexico; and Market Development, which includes franchise operations world-wide. It derives maximum revenue from the U.S. segment.
52GF Score
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