Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Washington H Soul Pattinson and Co 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 Washington H Soul Pattinson and Co's Piotroski F-Score or its related term are showing as below:
FRA:WD3'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 8
Current: 5
During the past 13 years, the highest Piotroski F-Score of Washington H Soul Pattinson and Co was 8. The lowest was 4. And the median was 6.
Washington H Soul Pattinson and Co (FRA:WD3) 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.
Washington H Soul Pattinson and Co Piotroski F-Score Related Terms
Washington H Soul Pattinson and Co Piotroski F-Score Historical Data
* 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.
Washington H Soul Pattinson and Co Piotroski F-Score Chart
FRA:WD3 vs MS, GS, SCHW: Piotroski F-Score Comparison
For the Capital Markets subindustry, Washington H Soul Pattinson and 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.
Washington H Soul Pattinson and Co Piotroski F-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Washington H Soul Pattinson and Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Washington H Soul Pattinson and Co'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.
Washington H Soul Pattinson and Co's current Net Income (TTM) was 204.0.
==> 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.
Washington H Soul Pattinson and Co's current Cash Flow from Operations (TTM) was 183.9.
==> 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.
Washington H Soul Pattinson and Co's return on assets of this year was 0.03189801. Washington H Soul Pattinson and Co's return on assets of last year was 0.04559758.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Washington H Soul Pattinson and Co's gearing of this year was 0.00940749. Washington H Soul Pattinson and Co's gearing of last year was 0.05657808.
==> 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
Washington H Soul Pattinson and Co's current ratio of this year was 1.32513623. Washington H Soul Pattinson and Co's current ratio of last year was 3.31277341.
==> 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.
Washington H Soul Pattinson and Co's number of shares in issue this year was 327.724. Washington H Soul Pattinson and Co's number of shares in issue last year was 361.
==> 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.
Washington H Soul Pattinson and Co's gross margin of this year was 0.25644093. Washington H Soul Pattinson and Co's gross margin of last year was 0.31637009.
==> 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
Washington H Soul Pattinson and Co's asset turnover of this year was 0.05372376. Washington H Soul Pattinson and Co's asset turnover of last year was 0.05388897.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Washington H Soul Pattinson and Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Washington H Soul Pattinson and Co (FRA:WD3) has a Piotroski F-Score of 5 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Washington H Soul Pattinson and Co and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Washington H Soul Pattinson and Co's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Washington H Soul Pattinson and Co ranks #279 out of 781 companies in the Capital Markets industry, placing it in the top 35.7%.
Is Washington H Soul Pattinson and Co's Piotroski F-Score too high?
Washington H Soul Pattinson and Co's current Piotroski F-Score of 5 is 17% below 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 8.00. The Capital Markets industry median Piotroski F-Score is 5.00. Washington H Soul Pattinson and Co's value of 5 is 0% at this industry median. Based on the distribution chart, Washington H Soul Pattinson and Co ranks #279 out of 781 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Washington H Soul Pattinson and Co has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Washington H Soul Pattinson and Co's Piotroski F-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, Washington H Soul Pattinson and Co ranks #279 out of 781 companies for Piotroski F-Score. This puts Washington H Soul Pattinson and Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Washington H Soul Pattinson and Co's value of 5 is 0% at this benchmark. Historically, Washington H Soul Pattinson and Co's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Washington H Soul Pattinson and 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 Capital Markets company?
The median Piotroski F-Score among Capital Markets companies is 5.00, based on 781 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. Washington H Soul Pattinson and 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 Washington H Soul Pattinson and Co and its competitors. For the Capital Markets 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. Washington H Soul Pattinson and Co's current Piotroski F-Score is 5, which is 17% below 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 Washington H Soul Pattinson and Co stock overvalued right now?
Based on GuruFocus' analysis, Washington H Soul Pattinson and Co (FRA:WD3) is currently considered Modestly Undervalued. The stock's GF Value™ is €35.11, compared to a current price of €27.20 — trading 22.5% below its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Capital Markets industry median of 5.00. Washington H Soul Pattinson and Co's overall GF Score™ is 75/100 with 9 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 Washington H Soul Pattinson and Co (FRA:WD3), the current Piotroski F-Score is 5 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 Washington H Soul Pattinson and Co (FRA:WD3) Overvalued in 2026?
Based on GuruFocus' analysis, Washington H Soul Pattinson and Co stock appears to be undervalued.
The current stock price of €27.20 is trading 22.5% below its estimated GF Value™ of €35.11.
GuruFocus considers Washington H Soul Pattinson and Co to be Modestly Undervalued.
Key valuation signals for FRA:WD3:
Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
GF Value™: €35.11 vs. price of €27.20 (22.5% below fair value)
Industry Position: 0% at the Capital Markets median (#279 of 781)
No single metric tells the full story. See the FRA:WD3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Washington H Soul Pattinson and Co Business Description
Soul Patts, is a value-oriented investment house that invests in both public and private markets. As an investor, Soul Patts allocates capital with a view toward taking a long-term position in its investments and on a passive basis. Long-term holdings in the group's largest investments, TPG Telecom, and New Hope Corporation, contribute about one-fourth of the group's approximately AUD 14.5 billion investment's net asset value.
75GF Score
Get the complete analysis for FRA:WD3
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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