Array Digital Infrastructure (FRA:US7) Piotroski F-Score: 7 (As of Jun. 25, 2026) — 40% Above Median


FRA:US7 Array Digital Infrastructure Inc FRA:US7
66 GF Score
Price €33.00
GF Value €58.40
Valuation Possible Value Trap
! 6 Warning Signs
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What is Array Digital Infrastructure Piotroski F-Score?

Array Digital Infrastructure FRA:US7 -1.20% 66 Piotroski F-Score is 7 as of Jun. 25, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates FRA:US7 with a GF Score™ of 66/100 and a GF Value™ of €58.40 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 359 Telecommunication Services companies, Array Digital Infrastructure ranks better than 88.3% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

Array Digital Infrastructure 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 Array Digital Infrastructure's Piotroski F-Score or its related term are showing as below:

FRA:US7' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Array Digital Infrastructure was 8. The lowest was 3. And the median was 5.

Array Digital Infrastructure  (FRA:US7) 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.


Array Digital Infrastructure Piotroski F-Score Related Terms


Array Digital Infrastructure Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Array Digital Infrastructure'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.

Array Digital Infrastructure Piotroski F-Score Chart

Array Digital Infrastructure 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 5.00 4.00 6.00 6.00 5.00

Array Digital Infrastructure 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 6.00 5.00 6.00 5.00 7.00

FRA:US7 vs TDS, LBTYA, LBRDA: Piotroski F-Score Comparison

For the Telecom Services subindustry, Array Digital Infrastructure'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.


Array Digital Infrastructure Piotroski F-Score vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Array Digital Infrastructure's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Array Digital Infrastructure's Piotroski F-Score falls into.


FRA:US7
66GF Score
Array Digital Infrastructure Inc FRA:US7
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 26.877 + -32.772 + 32.006 + 153.793 = €179.9 Mil.
Cash Flow from Operations was 282.405 + -69.951 + -172.561 + 20.609 = €60.5 Mil.
Revenue was 794.172 + 40.145 + 51.521 + 44.99 = €930.8 Mil.
Gross Profit was 454.308 + 22.274 + 32.03 + 26.299 = €534.9 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(9587.625 + 8996.859 + 4190.415 + 3995.087 + 3429.454) / 5 = €6039.888 Mil.
Total Assets at the begining of this year (Mar25) was €9,587.6 Mil.
Long-Term Debt & Capital Lease Obligation was €1,020.8 Mil.
Total Current Assets was €237.1 Mil.
Total Current Liabilities was €229.7 Mil.
Net Income was 15.793 + -71.316 + 4.343 + 16.878 = €-34.3 Mil.

Revenue was 861.183 + 23.191 + 24.914 + 24.96 = €934.2 Mil.
Gross Profit was 497.944 + 6.736 + 5.647 + 9.892 = €520.2 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(9847.68 + 9883.631 + 9474.916 + 9978.777 + 9587.625) / 5 = €9754.5258 Mil.
Total Assets at the begining of last year (Mar24) was €9,847.7 Mil.
Long-Term Debt & Capital Lease Obligation was €3,379.0 Mil.
Total Current Assets was €1,270.0 Mil.
Total Current Liabilities was €746.5 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.

Array Digital Infrastructure's current Net Income (TTM) was 179.9. ==> 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.

Score 1 if positive, 0 if negative.

Array Digital Infrastructure's current Cash Flow from Operations (TTM) was 60.5. ==> 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)
=179.904/9587.625
=0.01876419

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-34.302/9847.68
=-0.00348326

Array Digital Infrastructure's return on assets of this year was 0.01876419. Array Digital Infrastructure's return on assets of last year was -0.00348326. ==> 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.

Array Digital Infrastructure's current Net Income (TTM) was 179.9. Array Digital Infrastructure's current Cash Flow from Operations (TTM) was 60.5. ==> 60.5 <= 179.9 ==> 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
=1020.819/6039.888
=0.1690129

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=3379.025/9754.5258
=0.34640587

Array Digital Infrastructure's gearing of this year was 0.1690129. Array Digital Infrastructure's gearing of last year was 0.34640587. ==> 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
=237.064/229.744
=1.03186155

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1270.025/746.475
=1.70136307

Array Digital Infrastructure's current ratio of this year was 1.03186155. Array Digital Infrastructure's current ratio of last year was 1.70136307. ==> 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.

Array Digital Infrastructure's number of shares in issue this year was 86.488. Array Digital Infrastructure's number of shares in issue last year was 88.166. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=534.911/930.828
=0.57466148

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=520.219/934.248
=0.5568318

Array Digital Infrastructure's gross margin of this year was 0.57466148. Array Digital Infrastructure's gross margin of last year was 0.5568318. ==> 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)
=930.828/9587.625
=0.0970864

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=934.248/9847.68
=0.09486986

Array Digital Infrastructure's asset turnover of this year was 0.0970864. Array Digital Infrastructure's asset turnover of last year was 0.09486986. ==> This year's asset turnover is higher. ==> Score 1.

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+0+1+1+1
=7

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

Array Digital Infrastructure has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Array Digital Infrastructure (FRA:US7) has a Piotroski F-Score of 7 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Array Digital Infrastructure and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, Array Digital Infrastructure's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Array Digital Infrastructure ranks #42 out of 359 companies in the Telecommunication Services industry, placing it in the top 11.7%.
Is Array Digital Infrastructure's Piotroski F-Score too high?
Array Digital Infrastructure's current Piotroski F-Score of 7 is 40% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Telecommunication Services industry median Piotroski F-Score is 6.00. Array Digital Infrastructure's value of 7 is 16.7% above this industry median. Based on the distribution chart, Array Digital Infrastructure ranks #42 out of 359 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Array Digital Infrastructure has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Array Digital Infrastructure's Piotroski F-Score compare to TDS and LBTYA?
According to the Telecommunication Services industry distribution chart, Array Digital Infrastructure ranks #42 out of 359 companies for Piotroski F-Score. This places Array Digital Infrastructure in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Array Digital Infrastructure's value of 7 is 16.7% above this benchmark. Historically, Array Digital Infrastructure's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Array Digital Infrastructure 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 Telecommunication Services company?
The median Piotroski F-Score among Telecommunication Services companies is 6.00, based on 359 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. Array Digital Infrastructure's current Piotroski F-Score of 7 is 16.7% 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 Array Digital Infrastructure and its competitors. For the Telecommunication Services 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. Array Digital Infrastructure's current Piotroski F-Score is 7, which is 40% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Array Digital Infrastructure stock overvalued right now?
Based on GuruFocus' analysis, Array Digital Infrastructure (FRA:US7) is currently considered Possible Value Trap. The stock's GF Value™ is €58.40, compared to a current price of €33.00 — trading 43.5% below its estimated fair value. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 16.7% above the Telecommunication Services industry median of 6.00. Array Digital Infrastructure's overall GF Score™ is 66/100 with 6 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 Array Digital Infrastructure (FRA:US7), the current Piotroski F-Score is 7 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 Array Digital Infrastructure (FRA:US7) Overvalued in 2026?

Based on GuruFocus' analysis, Array Digital Infrastructure stock appears to be undervalued. The current stock price of €33.00 is trading 43.5% below its estimated GF Value™ of €58.40. GuruFocus considers Array Digital Infrastructure to be Possible Value Trap.

Key valuation signals for FRA:US7:

  • Piotroski F-Score: 7 (40% above median its 10-year median of 5.00)
  • GF Value™: €58.40 vs. price of €33.00 (43.5% below fair value)
  • GF Score™: 66/100 with 6 warning signs
  • Industry Position: 16.7% above the Telecommunication Services median (#42 of 359)

No single metric tells the full story. See the FRA:US7 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Array Digital Infrastructure Business Description

Other Exchanges AD:USAUS7:Germany
Address 500 West Madison Street, Suite 810, Chicago, IL, USA, 60661
Array Digital Infrastructure, formerly US Cellular, sold its regional wireless operations serving about 4.4 million customers to T-Mobile in August 2025. The firm has agreed to sell most of its remaining spectrum licenses; however, it will still retain rights to C-band spectrum in several locations after these deals are closed. Array also owns a 5.5% stake in Verizon Wireless' Los Angeles operations, as well as other smaller wireless partnership interests in Oklahoma and upstate New York. The firm still operates a portfolio of about 4,400 wireless towers. Parent TDS has proposed to acquire the portion of Array that it doesn't already own in an all-stock transaction.
66GF Score

Get the complete analysis for FRA:US7

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

€33.00
Price
€58.40
GF Value