PopularFRA:PP4A 82 Piotroski F-Score is 8 as of Jun. 30, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates FRA:PP4A with a GF Score™ of 82/100 and a GF Value™ of €106.17 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,500 Banks companies, Popular ranks better than 92.73% on this metric.
Good Sign:
Piotroski F-Score is 8, 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
Popular 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 Popular's Piotroski F-Score or its related term are showing as below:
FRA:PP4A'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 9
Current: 8
During the past 13 years, the highest Piotroski F-Score of Popular was 9. The lowest was 4. And the median was 6.
Popular (FRA:PP4A) 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.
Popular Piotroski F-Score Related Terms
Popular Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Popular'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:PP4A vs WTFC, UMBF, ZION: Piotroski F-Score Comparison
For the Banks - Regional subindustry, Popular'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.
Popular Piotroski F-Score vs Banks Industry
For the Banks industry and Financial Services sector, Popular's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Popular'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.
This Year (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 182.451 + 180.042 + 199.751 + 212.508 = €775 Mil. Cash Flow from Operations was 210.625 + 166.125 + 229.275 + 165.746 = €772 Mil. Revenue was 660.797 + 663.957 + 670.819 + 689.162 = €2,685 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(68485.711 + 65948.433 + 63956.06 + 64347.42 + 65853.331) / 5 = €65718.191 Mil. Total Assets at the begining of this year (Mar25) was €68,486 Mil. Long-Term Debt & Capital Lease Obligation was €752 Mil. Total Assets was €65,853 Mil. Total Liabilities was €60,394 Mil.
Net Income was 165.166 + 139.946 + 169.815 + 164.189 = €639 Mil.
Revenue was 646.14 + 632.714 + 687.977 + 665.886 = €2,633 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(65261.984 + 67673.072 + 64262.09 + 69758.341 + 68485.711) / 5 = €67088.2396 Mil. Total Assets at the begining of last year (Mar24) was €65,262 Mil. Long-Term Debt & Capital Lease Obligation was €887 Mil. Total Assets was €68,486 Mil. Total Liabilities was €63,121 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.
Popular's current Net Income (TTM) was 775.
==> 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.
Popular's gearing of this year was 0.01144987. Popular's gearing of last year was 0.01322269.
==> 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
* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.
Popular's current ratio of this year was 1.0903909. Popular's current ratio of last year was 1.08499103.
==> 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.
Popular's number of shares in issue this year was 64.858. Popular's number of shares in issue last year was 69.308.
==> 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.
* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.
Popular's net margin of this year was 0.28857671. Popular's net margin of last year was 0.2427591.
==> This year's net 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
Popular's asset turnover of this year was 0.03920139. Popular's asset turnover of last year was 0.04034074.
==> 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
Popular has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Popular (FRA:PP4A) has a Piotroski F-Score of 8 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Popular and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Popular's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Popular ranks #109 out of 1500 companies in the Banks industry, placing it in the top 7.3%.
Is Popular's Piotroski F-Score too high?
Popular's current Piotroski F-Score of 8 is 33% above 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 9.00. The Banks industry median Piotroski F-Score is 6.00. Popular's value of 8 is 33.3% above this industry median. Based on the distribution chart, Popular ranks #109 out of 1500 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Popular has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Popular's Piotroski F-Score compare to WTFC and UMBF?
According to the Banks industry distribution chart, Popular ranks #109 out of 1500 companies for Piotroski F-Score. This places Popular in the top 7% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Popular's value of 8 is 33.3% above this benchmark. Historically, Popular's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Popular 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 Banks company?
The median Piotroski F-Score among Banks companies is 6.00, based on 1,500 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. Popular's current Piotroski F-Score of 8 is 33.3% 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 Popular and its competitors. For the Banks 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. Popular's current Piotroski F-Score is 8, which is 33% 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 Popular stock overvalued right now?
Based on GuruFocus' analysis, Popular (FRA:PP4A) is currently considered Significantly Overvalued. The stock's GF Value™ is €106.17, compared to a current price of €145.00 — trading 36.6% above its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 33.3% above the Banks industry median of 6.00. Popular's overall GF Score™ is 82/100 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 Popular (FRA:PP4A), the current Piotroski F-Score is 8 as of Jun. 30, 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 Popular (FRA:PP4A) Overvalued in 2026?
Based on GuruFocus' analysis, Popular stock appears to be overvalued.
The current stock price of €145.00 is trading 36.6% above its estimated GF Value™ of €106.17.
GuruFocus considers Popular to be Significantly Overvalued.
Key valuation signals for FRA:PP4A:
Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
GF Value™: €106.17 vs. price of €145.00 (36.6% above fair value)
Industry Position: 33.3% above the Banks median (#109 of 1500)
No single metric tells the full story. See the FRA:PP4A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Popular Inc, based in Puerto Rico, is a financial holding company with four main subsidiaries: Banco Popular de Puerto Rico, a bank in Puerto Rico in terms of assets; Banco Popular North America, its banking operation in the continental United States; Evertec, a data processor; and Popular Financial Holdings, a diversified financial services company. The Corporation's reportable segments consist of Banco Popular de Puerto Rico and Popular U.S.
82GF Score
Get the complete analysis for FRA:PP4A
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