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Boot Barn HoldingsFRA:OBB +0.98%96 Piotroski F-Score is 6 as of Aug. 16, 2026, which is at its 10-year median of 6.00. GuruFocus rates FRA:OBB with a GF Score™ of 96/100 and a GF Value™ of €154.39. The stock has 4 warning signs investors should review. Among 1,103 Retail - Cyclical companies, Boot Barn Holdings ranks better than 71.08% 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
Boot Barn Holdings has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Boot Barn Holdings's Piotroski F-Score or its related term are showing as below:
FRA:OBB'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 8
Current: 6
During the past 13 years, the highest Piotroski F-Score of Boot Barn Holdings was 8. The lowest was 3. And the median was 6.
Boot Barn Holdings (FRA:OBB) 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.
Boot Barn Holdings Piotroski F-Score Related Terms
Boot Barn Holdings Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Boot Barn Holdings'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:OBB vs ANF, URBN, AEO: Piotroski F-Score Comparison
For the Apparel Retail subindustry, Boot Barn Holdings'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.
Boot Barn Holdings Piotroski F-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Boot Barn Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Boot Barn Holdings'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.
Boot Barn Holdings's current Net Income (TTM) was 209.
==> 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.
Boot Barn Holdings's return on assets of this year was 0.11488327. Boot Barn Holdings's return on assets of last year was 0.10872614.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Boot Barn Holdings's gearing of this year was 0.30723292. Boot Barn Holdings's gearing of last year was 0.25243744.
==> 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
Boot Barn Holdings's current ratio of this year was 2.530167. Boot Barn Holdings's current ratio of last year was 2.53376234.
==> 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.
Boot Barn Holdings's number of shares in issue this year was 30.601. Boot Barn Holdings's number of shares in issue last year was 30.75.
==> 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.
Boot Barn Holdings's gross margin of this year was 0.38453928. Boot Barn Holdings's gross margin of last year was 0.38038624.
==> 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
Boot Barn Holdings's asset turnover of this year was 1.10965452. Boot Barn Holdings's asset turnover of last year was 1.10477521.
==> 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
Boot Barn Holdings has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Boot Barn Holdings (FRA:OBB) has a Piotroski F-Score of 6 as of Aug. 16, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Boot Barn Holdings and its competitors. This is near median its historical median of 6.00. Over the past decade, Boot Barn Holdings' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Boot Barn Holdings ranks #319 out of 1103 companies in the Retail - Cyclical industry, placing it in the top 28.9%.
Is Boot Barn Holdings' Piotroski F-Score too high?
Boot Barn Holdings' 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 3.00 to a high of 8.00. The Retail - Cyclical industry median Piotroski F-Score is 6.00. Boot Barn Holdings' value of 6 is 0% at this industry median. Based on the distribution chart, Boot Barn Holdings ranks #319 out of 1103 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Boot Barn Holdings has a GF Score™ of 96/100, reflecting its overall financial health beyond just this single metric.
How does Boot Barn Holdings' Piotroski F-Score compare to ANF and URBN?
According to the Retail - Cyclical industry distribution chart, Boot Barn Holdings ranks #319 out of 1103 companies for Piotroski F-Score. This puts Boot Barn Holdings in the upper half of its industry. The industry median Piotroski F-Score is 6.00. Boot Barn Holdings' value of 6 is 0% at this benchmark. Historically, Boot Barn Holdings' own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Boot Barn Holdings 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 Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 6.00, based on 1,103 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. Boot Barn Holdings'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 Boot Barn Holdings and its competitors. For the Retail - Cyclical 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. Boot Barn Holdings'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 Boot Barn Holdings stock overvalued right now?
Boot Barn Holdings (FRA:OBB) has a current Piotroski F-Score of 6. The stock's GF Value™ is €154.39, compared to a current price of €139.20 — trading 9.8% 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 Retail - Cyclical industry median of 6.00. Boot Barn Holdings' overall GF Score™ is 96/100 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 Boot Barn Holdings (FRA:OBB), the current Piotroski F-Score is 6 as of Aug. 16, 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 Boot Barn Holdings (FRA:OBB) Overvalued in 2026?
Based on GuruFocus' analysis, Boot Barn Holdings stock appears to be undervalued.
The current stock price of €139.20 is trading 9.8% below its estimated GF Value™ of €154.39.
Key valuation signals for FRA:OBB:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: €154.39 vs. price of €139.20 (9.8% below fair value)
Industry Position: 0% at the Retail - Cyclical median (#319 of 1103)
No single metric tells the full story. See the FRA:OBB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Boot Barn Holdings Inc operates specialty retail stores that sell western and work boots and related apparel and accessories. The Company operates retail locations throughout the U.S. and sells its merchandise via the Internet. The Company operates a total of approximately 539 stores in 49 states. All stores operated under the Boot Barn name.
96GF Score
Get the complete analysis for FRA:OBB
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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