FreightCar America (FRA:FAR) Piotroski F-Score: 6 (As of Jun. 26, 2026) — 50% Above Median


FRA:FAR FreightCar America Inc FRA:FAR
68 GF Score
Price €8.05
GF Value €5.29
! 5 Warning Signs
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What is FreightCar America Piotroski F-Score?

FreightCar America FRA:FAR +1.26% 68 Piotroski F-Score is 6 as of Jun. 26, 2026, which is 50% above its 10-year median of 4.00. GuruFocus rates FRA:FAR with a GF Score™ of 68/100 and a GF Value™ of €5.29. The stock has 5 warning signs investors should review. Among 979 Transportation companies, FreightCar America ranks better than 72.22% 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

FreightCar America has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

FRA:FAR' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of FreightCar America was 7. The lowest was 1. And the median was 4.

FreightCar America  (FRA:FAR) 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.


FreightCar America Piotroski F-Score Related Terms


FreightCar America Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for FreightCar America'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.

FreightCar America Piotroski F-Score Chart

FreightCar America Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 6.00 6.00 5.00 7.00

FreightCar America Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 5.00 3.00 5.00 7.00 6.00

FRA:FAR vs SWVL, RVSN, PNYG: Piotroski F-Score Comparison

For the Railroads subindustry, FreightCar America'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.


FreightCar America Piotroski F-Score vs Transportation Industry

For the Transportation industry and Industrials sector, FreightCar America's Piotroski F-Score distribution charts can be found below:

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


FRA:FAR
68GF Score
FreightCar America Inc FRA:FAR
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 10.126 + -6.343 + -14.158 + 36.026 = €25.7 Mil.
Cash Flow from Operations was 7.394 + 2.905 + 8.578 + -3.735 = €15.1 Mil.
Revenue was 102.846 + 136.755 + 107.234 + 55.626 = €402.5 Mil.
Gross Profit was 15.451 + 20.623 + 14.324 + 9.351 = €59.7 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(231.683 + 284.457 + 290.325 + 247.702 + 249.118) / 5 = €260.657 Mil.
Total Assets at the begining of this year (Mar25) was €231.7 Mil.
Long-Term Debt & Capital Lease Obligation was €121.9 Mil.
Total Current Assets was €141.4 Mil.
Total Current Liabilities was €78.1 Mil.
Net Income was 7.596 + -96.448 + 33.065 + 46.664 = €-9.1 Mil.

Revenue was 136.949 + 102.043 + 131.5 + 89.068 = €459.6 Mil.
Gross Profit was 17.121 + 14.593 + 20.067 + 13.314 = €65.1 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(228.775 + 192.508 + 221.6 + 214.126 + 231.683) / 5 = €217.7384 Mil.
Total Assets at the begining of last year (Mar24) was €228.8 Mil.
Long-Term Debt & Capital Lease Obligation was €142.5 Mil.
Total Current Assets was €160.0 Mil.
Total Current Liabilities was €100.0 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.

FreightCar America's current Net Income (TTM) was 25.7. ==> 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.

FreightCar America's current Cash Flow from Operations (TTM) was 15.1. ==> 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 (Mar25)
=25.651/231.683
=0.11071594

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-9.123/228.775
=-0.03987761

FreightCar America's return on assets of this year was 0.11071594. FreightCar America's return on assets of last year was -0.03987761. ==> 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.

FreightCar America's current Net Income (TTM) was 25.7. FreightCar America's current Cash Flow from Operations (TTM) was 15.1. ==> 15.1 <= 25.7 ==> CFROA <= ROA ==> Score 0.

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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=121.866/260.657
=0.46753396

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=142.542/217.7384
=0.65464796

FreightCar America's gearing of this year was 0.46753396. FreightCar America's gearing of last year was 0.65464796. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=141.397/78.139
=1.80955733

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=160.004/99.955
=1.60076034

FreightCar America's current ratio of this year was 1.80955733. FreightCar America's current ratio of last year was 1.60076034. ==> 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.

FreightCar America's number of shares in issue this year was 35.524. FreightCar America's number of shares in issue last year was 33.285. ==> 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
=59.749/402.461
=0.14845911

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=65.095/459.56
=0.14164636

FreightCar America's gross margin of this year was 0.14845911. FreightCar America's gross margin of last year was 0.14164636. ==> 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 (Mar25)
=402.461/231.683
=1.73711925

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=459.56/228.775
=2.00878593

FreightCar America's asset turnover of this year was 1.73711925. FreightCar America's asset turnover of last year was 2.00878593. ==> Last year's asset turnover is higher ==> Score 0.

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+0+1+1+0+1+0
=6

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

FreightCar America has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 6 mean?
FreightCar America (FRA:FAR) has a Piotroski F-Score of 6 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on FreightCar America and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, FreightCar America's Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, FreightCar America ranks #272 out of 979 companies in the Transportation industry, placing it in the top 27.8%.
Is FreightCar America's Piotroski F-Score too high?
FreightCar America's current Piotroski F-Score of 6 is 50% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 7.00. The Transportation industry median Piotroski F-Score is 6.00. FreightCar America's value of 6 is 0% at this industry median. Based on the distribution chart, FreightCar America ranks #272 out of 979 companies in the Transportation industry, which is above the industry midpoint. Overall, FreightCar America has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does FreightCar America's Piotroski F-Score compare to SWVL and RVSN?
According to the Transportation industry distribution chart, FreightCar America ranks #272 out of 979 companies for Piotroski F-Score. This puts FreightCar America in the upper half of its industry. The industry median Piotroski F-Score is 6.00. FreightCar America's value of 6 is 0% at this benchmark. Historically, FreightCar America's own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 6.00, FreightCar America has consistently been at 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 979 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. FreightCar America's current Piotroski F-Score of 6 is 0% at 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 FreightCar America and its competitors. For the Transportation 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. FreightCar America's current Piotroski F-Score is 6, which is 50% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FreightCar America stock overvalued right now?
FreightCar America (FRA:FAR) has a current Piotroski F-Score of 6. The stock's GF Value™ is €5.29, compared to a current price of €8.05 — trading 52.2% above its estimated fair value. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 0% at the Transportation industry median of 6.00. FreightCar America's overall GF Score™ is 68/100 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 FreightCar America (FRA:FAR), the current Piotroski F-Score is 6 as of Jun. 26, 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 FreightCar America (FRA:FAR) Overvalued in 2026?

Based on GuruFocus' analysis, FreightCar America stock appears to be overvalued. The current stock price of €8.05 is trading 52.2% above its estimated GF Value™ of €5.29.

Key valuation signals for FRA:FAR:

  • Piotroski F-Score: 6 (50% above median its 10-year median of 4.00)
  • GF Value™: €5.29 vs. price of €8.05 (52.2% above fair value)
  • GF Score™: 68/100 with 5 warning signs
  • Industry Position: 0% at the Transportation median (#272 of 979)

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


FreightCar America Business Description

Other Exchanges RAIL:USA
Address 125 South Wacker Drive, Suite 1500, Chicago, IL, USA, 60606
FreightCar America Inc is a diversified manufacturer and supplier of railcars and railcar components. It designs and manufactures a variety of railcar types for transportation of bulk commodities and containerized freight products in North America. The company also provides railcar rebody and repair services, railcar conversion services, and supplies railcar parts. The company has two segments: Manufacturing and Aftermarket. The majority of the company's revenue is derived from the Manufacturing segment, which includes new railcar manufacturing, used railcar sales, and various conversions and rebodies. Geographically, it generates the maximum revenue from the United States.
68GF Score

Get the complete analysis for FRA:FAR

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

€8.05
Price
€5.29
GF Value