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Downer EDIFRA:DNE +1.02%71 Piotroski F-Score is 7 as of Aug. 25, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates FRA:DNE with a GF Score™ of 71/100 and a GF Value™ of €3.05. The stock has 4 warning signs investors should review. Among 1,737 Construction companies, Downer EDI ranks better than 88.89% 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
Downer EDI 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 Downer EDI's Piotroski F-Score or its related term are showing as below:
FRA:DNE'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 7
Current: 7
During the past 13 years, the highest Piotroski F-Score of Downer EDI was 7. The lowest was 3. And the median was 6.
Downer EDI (FRA:DNE) 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.
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.
Downer EDI Piotroski F-Score Related Terms
Downer EDI Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Downer EDI'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:DNE vs PWR, FIX, EME: Piotroski F-Score Comparison
For the Engineering & Construction subindustry, Downer EDI'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.
Downer EDI Piotroski F-Score vs Construction Industry
For the Construction industry and Industrials sector, Downer EDI's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Downer EDI'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.
Downer EDI's current Net Income (TTM) was 132.
==> 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.
Downer EDI's return on assets of this year was 0.03611066. Downer EDI's return on assets of last year was 0.01853614.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Downer EDI's current ratio of this year was 1.08577086. Downer EDI's current ratio of last year was 0.91083751.
==> 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.
Downer EDI's number of shares in issue this year was 664.7. Downer EDI's number of shares in issue last year was 670.8.
==> 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.
Downer EDI's gross margin of this year was 0.87655605. Downer EDI's gross margin of last year was 0.86271128.
==> 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
Downer EDI's asset turnover of this year was 1.61869677. Downer EDI's asset turnover of last year was 1.41998264.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Downer EDI has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Downer EDI (FRA:DNE) has a Piotroski F-Score of 7 as of Aug. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Downer EDI and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Downer EDI's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Downer EDI ranks #193 out of 1737 companies in the Construction industry, placing it in the top 11.1%.
Is Downer EDI's Piotroski F-Score too high?
Downer EDI's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Construction industry median Piotroski F-Score is 5.00. Downer EDI's value of 7 is 40% above this industry median. Based on the distribution chart, Downer EDI ranks #193 out of 1737 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Downer EDI has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Downer EDI's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Downer EDI ranks #193 out of 1737 companies for Piotroski F-Score. This places Downer EDI in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Downer EDI's value of 7 is 40% above this benchmark. Historically, Downer EDI's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Downer EDI 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,737 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. Downer EDI'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 Downer EDI and its competitors. For the Construction 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. Downer EDI's current Piotroski F-Score is 7, which is 17% above median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Downer EDI stock overvalued right now?
Downer EDI (FRA:DNE) has a current Piotroski F-Score of 7. The stock's GF Value™ is €3.05, compared to a current price of €3.96 — trading 29.8% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Construction industry median of 5.00. Downer EDI's overall GF Score™ is 71/100 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 Downer EDI (FRA:DNE), the current Piotroski F-Score is 7 as of Aug. 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 Downer EDI (FRA:DNE) Overvalued in 2026?
Based on GuruFocus' analysis, Downer EDI stock appears to be overvalued.
The current stock price of €3.96 is trading 29.8% above its estimated GF Value™ of €3.05.
Key valuation signals for FRA:DNE:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: €3.05 vs. price of €3.96 (29.8% above fair value)
Industry Position: 40% above the Construction median (#193 of 1737)
No single metric tells the full story. See the FRA:DNE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Downer conducts construction and maintenance in the transport, technology and communications, utilities, rail, and defense segments. The future of Downer is focused on urban services, with mining and higher-risk construction businesses exited. Downer has strong relationships with local and state governments that outsource operational and management activities, ensuring a relatively consistent stream of recurring contract work. The transport segment contributes the majority of earnings.
71GF Score
Get the complete analysis for FRA:DNE
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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