J Frontier Co (FRA:R0L) Piotroski F-Score: 5 (As of Jul. 07, 2026) — 67% Above Median


FRA:R0L J Frontier Co Ltd FRA:R0L
41 GF Score
Price €8.10
GF Value €32.28
Valuation Significantly Undervalued
! 7 Warning Signs
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What is J Frontier Co Piotroski F-Score?

J Frontier Co FRA:R0L 41 Piotroski F-Score is 5 as of Jul. 07, 2026, which is 67% above its 10-year median of 3.00. GuruFocus rates FRA:R0L with a GF Score™ of 41/100 and a GF Value™ of €32.28 (Significantly Undervalued). The stock has 7 warning signs investors should review. Among 649 Healthcare Providers & Services companies, J Frontier Co ranks better than 54.55% 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

J Frontier Co 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 J Frontier Co's Piotroski F-Score or its related term are showing as below:

FRA:R0L' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 9
Current: 5

During the past 7 years, the highest Piotroski F-Score of J Frontier Co was 9. The lowest was 1. And the median was 3.

J Frontier Co  (FRA:R0L) 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.


J Frontier Co Piotroski F-Score Related Terms


J Frontier Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for J Frontier Co'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.

J Frontier Co Piotroski F-Score Chart

J Frontier Co Annual Data
Trend May19 May20 May21 May22 May23 May24 May25
Piotroski F-Score
Get a 7-Day Free Trial 9.00 3.00 1.00 3.00 5.00

J Frontier Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 0.00 5.00 0.00 0.00 0.00

J Frontier Co Piotroski F-Score Competitor Comparison

For the Pharmaceutical Retailers subindustry, J Frontier Co'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.


J Frontier Co Piotroski F-Score vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, J Frontier Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where J Frontier Co's Piotroski F-Score falls into.


FRA:R0L
41GF Score
J Frontier Co Ltd FRA:R0L
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 (May25) TTM:Last Year (May24) TTM:
Net Income was €0.5 Mil.
Cash Flow from Operations was €3.1 Mil.
Revenue was €131.7 Mil.
Gross Profit was €58.6 Mil.
Average Total Assets from the begining of this year (May24)
to the end of this year (May25) was (67.725 + 56.16) / 2 = €61.9425 Mil.
Total Assets at the begining of this year (May24) was €67.7 Mil.
Long-Term Debt & Capital Lease Obligation was €12.1 Mil.
Total Current Assets was €34.6 Mil.
Total Current Liabilities was €29.2 Mil.
Net Income was €-12.5 Mil.

Revenue was €105.1 Mil.
Gross Profit was €49.5 Mil.
Average Total Assets from the begining of last year (May23)
to the end of last year (May24) was (48.604 + 67.725) / 2 = €58.1645 Mil.
Total Assets at the begining of last year (May23) was €48.6 Mil.
Long-Term Debt & Capital Lease Obligation was €17.2 Mil.
Total Current Assets was €43.4 Mil.
Total Current Liabilities was €36.3 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.

J Frontier Co's current Net Income (TTM) was 0.5. ==> 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.

J Frontier Co's current Cash Flow from Operations (TTM) was 3.1. ==> 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 (May24)
=0.536/67.725
=0.00791436

ROA (Last Year)=Net Income/Total Assets (May23)
=-12.469/48.604
=-0.25654267

J Frontier Co's return on assets of this year was 0.00791436. J Frontier Co's return on assets of last year was -0.25654267. ==> 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.

J Frontier Co's current Net Income (TTM) was 0.5. J Frontier Co's current Cash Flow from Operations (TTM) was 3.1. ==> 3.1 > 0.5 ==> CFROA > ROA ==> Score 1.

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: May25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May24 to May25
=12.058/61.9425
=0.19466441

Gearing (Last Year: May24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May23 to May24
=17.166/58.1645
=0.29512847

J Frontier Co's gearing of this year was 0.19466441. J Frontier Co's gearing of last year was 0.29512847. ==> 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: May25)=Total Current Assets/Total Current Liabilities
=34.62/29.16
=1.1872428

Current Ratio (Last Year: May24)=Total Current Assets/Total Current Liabilities
=43.419/36.267
=1.19720407

J Frontier Co's current ratio of this year was 1.1872428. J Frontier Co's current ratio of last year was 1.19720407. ==> 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.

J Frontier Co's number of shares in issue this year was 5.088. J Frontier Co's number of shares in issue last year was 4.897. ==> 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
=58.616/131.661
=0.44520397

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=49.453/105.129
=0.47040303

J Frontier Co's gross margin of this year was 0.44520397. J Frontier Co's gross margin of last year was 0.47040303. ==> Last year's gross margin is higher ==> Score 0.

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 (May24)
=131.661/67.725
=1.94405316

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (May23)
=105.129/48.604
=2.16297013

J Frontier Co's asset turnover of this year was 1.94405316. J Frontier Co's asset turnover of last year was 2.16297013. ==> 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+1+1+0+0+0+0
=5

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

J Frontier Co has an F-score of 5 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 5 mean?
J Frontier Co (FRA:R0L) has a Piotroski F-Score of 5 as of Jul. 07, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on J Frontier Co and its competitors. This is 67% above median its historical median of 3.00. Over the past decade, J Frontier Co's Piotroski F-Score has ranged from 1.00 to 9.00. According to the industry distribution chart, J Frontier Co ranks #295 out of 649 companies in the Healthcare Providers & Services industry, placing it in the top 45.5%.
Is J Frontier Co's Piotroski F-Score too high?
J Frontier Co's current Piotroski F-Score of 5 is 67% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 9.00. The Healthcare Providers & Services industry median Piotroski F-Score is 5.00. J Frontier Co's value of 5 is 0% at this industry median. Based on the distribution chart, J Frontier Co ranks #295 out of 649 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, J Frontier Co has a GF Score™ of 41/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does J Frontier Co's Piotroski F-Score compare to competitors?
According to the Healthcare Providers & Services industry distribution chart, J Frontier Co ranks #295 out of 649 companies for Piotroski F-Score. This puts J Frontier Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. J Frontier Co's value of 5 is 0% at this benchmark. Historically, J Frontier Co's own Piotroski F-Score has ranged from 1.00 to 9.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, J Frontier Co 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 Healthcare Providers & Services company?
The median Piotroski F-Score among Healthcare Providers & Services companies is 5.00, based on 649 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. J Frontier Co's current Piotroski F-Score of 5 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 J Frontier Co and its competitors. For the Healthcare Providers & Services 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. J Frontier Co's current Piotroski F-Score is 5, which is 67% above median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is J Frontier Co stock overvalued right now?
Based on GuruFocus' analysis, J Frontier Co (FRA:R0L) is currently considered Significantly Undervalued. The stock's GF Value™ is €32.28, compared to a current price of €8.10 — trading 74.9% below its estimated fair value. The current Piotroski F-Score is 5, which is 67% above median its 10-year median of 3.00 and 0% at the Healthcare Providers & Services industry median of 5.00. J Frontier Co's overall GF Score™ is 41/100 with 7 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 J Frontier Co (FRA:R0L), the current Piotroski F-Score is 5 as of Jul. 07, 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 J Frontier Co (FRA:R0L) Overvalued in 2026?

Based on GuruFocus' analysis, J Frontier Co stock appears to be undervalued. The current stock price of €8.10 is trading 74.9% below its estimated GF Value™ of €32.28. GuruFocus considers J Frontier Co to be Significantly Undervalued.

Key valuation signals for FRA:R0L:

  • Piotroski F-Score: 5 (67% above median its 10-year median of 3.00)
  • GF Value™: €32.28 vs. price of €8.10 (74.9% below fair value)
  • GF Score™: 41/100 with 7 warning signs
  • Industry Position: 0% at the Healthcare Providers & Services median (#295 of 649)

No single metric tells the full story. See the FRA:R0L stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


J Frontier Co Business Description

Other Exchanges 2934:Japan
Address 2-9-9 Shibuya, SANWA Aoyama Building, 8th floor, Shibuya-ku, Tokyo, JPN, 150-0002
J Frontier Co Ltd is engaged in the healthcare sales business, medical care sales business and healthcare marketing business.
41GF Score

Get the complete analysis for FRA:R0L

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

€8.10
Price
€32.28
GF Value