Orix JreitFRA:O2F +1.21%71 Piotroski F-Score is 6 as of Jun. 25, 2026, which is at its 10-year median of 6.00. GuruFocus rates FRA:O2F with a GF Score™ of 71/100 and a GF Value™ of €523.50. The stock has 5 warning signs investors should review. Among 888 REITs companies, Orix Jreit ranks better than 73.65% 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
Orix Jreit has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Orix Jreit's Piotroski F-Score or its related term are showing as below:
FRA:O2F'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 8
Current: 6
During the past 13 years, the highest Piotroski F-Score of Orix Jreit was 8. The lowest was 4. And the median was 6.
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.
Orix Jreit Piotroski F-Score Related Terms
Orix Jreit Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Orix Jreit'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:O2F vs BXP, ARE, VNO: Piotroski F-Score Comparison
For the REIT - Office subindustry, Orix Jreit'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.
Orix Jreit Piotroski F-Score vs REITs Industry
For the REITs industry and Real Estate sector, Orix Jreit's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Orix Jreit'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.
Orix Jreit's current Net Income (TTM) was 136.9.
==> 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.
Orix Jreit's return on assets of this year was 0.03223868. Orix Jreit's return on assets of last year was 0.03328613.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Orix Jreit's current ratio of this year was 0.5026612. Orix Jreit's current ratio of last year was 0.52925389.
==> 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.
Orix Jreit's number of shares in issue this year was 5.52. Orix Jreit's number of shares in issue last year was 5.52.
==> 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.
Orix Jreit's gross margin of this year was 0.55772101. Orix Jreit's gross margin of last year was 0.52903205.
==> 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
Orix Jreit's asset turnover of this year was 0.07413186. Orix Jreit's asset turnover of last year was 0.07945603.
==> 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
Orix Jreit has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Orix Jreit (FRA:O2F) has a Piotroski F-Score of 6 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Orix Jreit and its competitors. This is near median its historical median of 6.00. Over the past decade, Orix Jreit's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Orix Jreit ranks #234 out of 888 companies in the REITs industry, placing it in the top 26.4%.
Is Orix Jreit's Piotroski F-Score too high?
Orix Jreit's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. 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. Orix Jreit's value of 6 is 0% at this industry median. Based on the distribution chart, Orix Jreit ranks #234 out of 888 companies in the REITs industry, which is above the industry midpoint. Overall, Orix Jreit has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Orix Jreit's Piotroski F-Score compare to BXP and ARE?
According to the REITs industry distribution chart, Orix Jreit ranks #234 out of 888 companies for Piotroski F-Score. This puts Orix Jreit in the upper half of its industry. The industry median Piotroski F-Score is 6.00. Orix Jreit's value of 6 is 0% at this benchmark. Historically, Orix Jreit'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 6.00 vs. the industry median of 6.00, Orix Jreit 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 REITs company?
The median Piotroski F-Score among REITs companies is 6.00, based on 888 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. Orix Jreit'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 Orix Jreit 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. Orix Jreit's current Piotroski F-Score is 6, which is near 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 Orix Jreit stock overvalued right now?
Orix Jreit (FRA:O2F) has a current Piotroski F-Score of 6. The stock's GF Value™ is €523.50, compared to a current price of €500.00 — trading 4.5% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 0% at the REITs industry median of 6.00. Orix Jreit's overall GF Score™ is 71/100 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 Orix Jreit (FRA:O2F), the current Piotroski F-Score is 6 as of Jun. 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 Orix Jreit (FRA:O2F) Overvalued in 2026?
Based on GuruFocus' analysis, Orix Jreit stock appears to be undervalued.
The current stock price of €500.00 is trading 4.5% below its estimated GF Value™ of €523.50.
Key valuation signals for FRA:O2F:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: €523.50 vs. price of €500.00 (4.5% below fair value)
Industry Position: 0% at the REITs median (#234 of 888)
No single metric tells the full story. See the FRA:O2F stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Orix Jreit Inc is a real estate investment trust engaged in the acquisition, ownership, and leasing of properties throughout Japan. In terms of asset acquisition price, the majority of the company's real estate portfolio comprises office buildings. Retail facilities and residential properties together also make up a considerable percentage of this portfolio. Orix JREIT's real estate assets are mostly located in the Greater Tokyo area, with those in the Central Wards of Tokyo representing the geographic segment in terms of property acquisition price. The company derives nearly all of its income in the form of rental revenue from tenants.
71GF Score
Get the complete analysis for FRA:O2F
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