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Tandy Leather FactoryFRA:V5D 47 Piotroski F-Score is 4 as of Aug. 02, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates FRA:V5D with a GF Score™ of 47/100 and a GF Value™ of €3.49 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,100 Retail - Cyclical companies, Tandy Leather Factory ranks worse than 72.27% 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
Tandy Leather Factory has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Tandy Leather Factory's Piotroski F-Score or its related term are showing as below:
FRA:V5D'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 5 Max: 9
Current: 4
During the past 13 years, the highest Piotroski F-Score of Tandy Leather Factory was 9. The lowest was 1. And the median was 5.
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.
Tandy Leather Factory Piotroski F-Score Related Terms
Tandy Leather Factory Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Tandy Leather Factory'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:V5D vs RECT, BWTL, AETN: Piotroski F-Score Comparison
For the Specialty Retail subindustry, Tandy Leather Factory'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.
Tandy Leather Factory Piotroski F-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Tandy Leather Factory's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Tandy Leather Factory'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.
Tandy Leather Factory's current Net Income (TTM) was -1.93.
==> Negative ==> Score 0.
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.
Tandy Leather Factory's return on assets of this year was -0.02673715. Tandy Leather Factory's return on assets of last year was 0.1651635.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Tandy Leather Factory's gearing of this year was 0.29283086. Tandy Leather Factory's gearing of last year was 0.10110767.
==> 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
Tandy Leather Factory's current ratio of this year was 4.23071895. Tandy Leather Factory's current ratio of last year was 4.50627101.
==> 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.
Tandy Leather Factory's number of shares in issue this year was 8.103. Tandy Leather Factory's number of shares in issue last year was 8.595.
==> 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.
Tandy Leather Factory's gross margin of this year was 0.58259226. Tandy Leather Factory's gross margin of last year was 0.56069188.
==> 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
Tandy Leather Factory's asset turnover of this year was 0.91741592. Tandy Leather Factory's asset turnover of last year was 1.03329982.
==> 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
Tandy Leather Factory has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Tandy Leather Factory (FRA:V5D) has a Piotroski F-Score of 4 as of Aug. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Tandy Leather Factory and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Tandy Leather Factory's Piotroski F-Score has ranged from 1.00 to 9.00. According to the industry distribution chart, Tandy Leather Factory ranks #795 out of 1100 companies in the Retail - Cyclical industry, placing it in the top 72.3%.
Is Tandy Leather Factory's Piotroski F-Score too high?
Tandy Leather Factory's current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 9.00. The Retail - Cyclical industry median Piotroski F-Score is 6.00. Tandy Leather Factory's value of 4 is 33.3% below this industry median. Based on the distribution chart, Tandy Leather Factory ranks #795 out of 1100 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Tandy Leather Factory has a GF Score™ of 47/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tandy Leather Factory's Piotroski F-Score compare to RECT and BWTL?
According to the Retail - Cyclical industry distribution chart, Tandy Leather Factory ranks #795 out of 1100 companies for Piotroski F-Score. This places Tandy Leather Factory in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Tandy Leather Factory's value of 4 is 33.3% below this benchmark. Historically, Tandy Leather Factory'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 5.00 vs. the industry median of 6.00, Tandy Leather Factory has consistently been below 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 1,100 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. Tandy Leather Factory's current Piotroski F-Score of 4 is 33.3% below 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 Tandy Leather Factory 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. Tandy Leather Factory's current Piotroski F-Score is 4, which is 20% below 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 Tandy Leather Factory stock overvalued right now?
Based on GuruFocus' analysis, Tandy Leather Factory (FRA:V5D) is currently considered Significantly Undervalued. The stock's GF Value™ is €3.49, compared to a current price of €1.99 — trading 43% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 33.3% below the Retail - Cyclical industry median of 6.00. Tandy Leather Factory's overall GF Score™ is 47/100 with 2 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 Tandy Leather Factory (FRA:V5D), the current Piotroski F-Score is 4 as of Aug. 02, 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 Tandy Leather Factory (FRA:V5D) Overvalued in 2026?
Based on GuruFocus' analysis, Tandy Leather Factory stock appears to be undervalued.
The current stock price of €1.99 is trading 43% below its estimated GF Value™ of €3.49.
GuruFocus considers Tandy Leather Factory to be Significantly Undervalued.
Key valuation signals for FRA:V5D:
Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
GF Value™: €3.49 vs. price of €1.99 (43% below fair value)
Industry Position: 33.3% below the Retail - Cyclical median (#795 of 1100)
No single metric tells the full story. See the FRA:V5D stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tandy Leather Factory Inc is a specialty retailers of leather and leathercraft-related items. Its primary line of business is the sale of leather, leather crafts, and related supplies. Its broad line of leather and related products includes leather, leatherworking tools, leather dyes and finishes, and do-it-yourself kits. Its products include Leather, tools, Hardware, Supplies, Kits, Books and Patterns, and Gift cards. The company sells its products primarily through company-owned stores and through orders generated from its global websites, and through direct account representatives in its commercial division. Geographically the company operates within the United States, and Canada. it generates the highest revenue from the United States.
47GF Score
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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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