Frasers Logisticsmmercial TrustFRLOF 48 Piotroski F-Score is 6 as of Jun. 25, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates FRLOF with a GF Score™ of 48/100 and a GF Value™ of $0.80 (Fairly Valued). The stock has 9 warning signs investors should review. Among 888 REITs companies, Frasers Logisticsmmercial Trust ranks better than 73.65% 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
Frasers Logisticsmmercial Trust 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 Frasers Logisticsmmercial Trust's Piotroski F-Score or its related term are showing as below:
FRLOF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 6
Current: 6
During the past 13 years, the highest Piotroski F-Score of Frasers Logisticsmmercial Trust was 6. The lowest was 3. 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.
Frasers Logisticsmmercial Trust Piotroski F-Score Related Terms
Frasers Logisticsmmercial Trust 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.
FRLOF vs PLD, PSA, EXR: Piotroski F-Score Comparison
For the REIT - Industrial subindustry, Frasers Logisticsmmercial Trust'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.
Frasers Logisticsmmercial Trust Piotroski F-Score vs REITs Industry
For the REITs industry and Real Estate sector, Frasers Logisticsmmercial Trust's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Frasers Logisticsmmercial Trust'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.
Frasers Logisticsmmercial Trust's current Net Income (TTM) was 159.6.
==> 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.
Frasers Logisticsmmercial Trust's current Cash Flow from Operations (TTM) was 235.3.
==> 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.
Frasers Logisticsmmercial Trust's return on assets of this year was 0.02898025. Frasers Logisticsmmercial Trust's return on assets of last year was 0.02238029.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Frasers Logisticsmmercial Trust's gearing of this year was 0.30069013. Frasers Logisticsmmercial Trust's gearing of last year was 0.27031623.
==> 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
Frasers Logisticsmmercial Trust's current ratio of this year was 0.56762501. Frasers Logisticsmmercial Trust's current ratio of last year was 0.26671838.
==> 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.
Frasers Logisticsmmercial Trust's number of shares in issue this year was 3790.771. Frasers Logisticsmmercial Trust's number of shares in issue last year was 3762.202.
==> 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.
Frasers Logisticsmmercial Trust's gross margin of this year was 0.71868197. Frasers Logisticsmmercial Trust's gross margin of last year was 0.71893275.
==> 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
Frasers Logisticsmmercial Trust's asset turnover of this year was 0.06662896. Frasers Logisticsmmercial Trust's asset turnover of last year was 0.06776299.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Frasers Logisticsmmercial Trust has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Frasers Logisticsmmercial Trust (FRLOF) has a Piotroski F-Score of 6 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Frasers Logisticsmmercial Trust and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Frasers Logisticsmmercial Trust's Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, Frasers Logisticsmmercial Trust ranks #234 out of 888 companies in the REITs industry, placing it in the top 26.4%.
Is Frasers Logisticsmmercial Trust's Piotroski F-Score too high?
Frasers Logisticsmmercial Trust's current Piotroski F-Score of 6 is 20% 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 6.00. The REITs industry median Piotroski F-Score is 6.00. Frasers Logisticsmmercial Trust's value of 6 is 0% at this industry median. Based on the distribution chart, Frasers Logisticsmmercial Trust ranks #234 out of 888 companies in the REITs industry, which is above the industry midpoint. Overall, Frasers Logisticsmmercial Trust has a GF Score™ of 48/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Frasers Logisticsmmercial Trust's Piotroski F-Score compare to PLD and PSA?
According to the REITs industry distribution chart, Frasers Logisticsmmercial Trust ranks #234 out of 888 companies for Piotroski F-Score. This puts Frasers Logisticsmmercial Trust in the upper half of its industry. The industry median Piotroski F-Score is 6.00. Frasers Logisticsmmercial Trust's value of 6 is 0% at this benchmark. Historically, Frasers Logisticsmmercial Trust's own Piotroski F-Score has ranged from 3.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Frasers Logisticsmmercial Trust 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 REITs company?
The median Piotroski F-Score among REITs companies is 6.00, based on 888 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. Frasers Logisticsmmercial Trust's current Piotroski F-Score of 6 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 Frasers Logisticsmmercial Trust and its competitors. For the REITs 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. Frasers Logisticsmmercial Trust's current Piotroski F-Score is 6, which is 20% 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 Frasers Logisticsmmercial Trust stock overvalued right now?
Based on GuruFocus' analysis, Frasers Logisticsmmercial Trust (FRLOF) is currently considered Fairly Valued. The stock's GF Value™ is $0.80, compared to a current price of $0.75 — trading 6.2% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 0% at the REITs industry median of 6.00. Frasers Logisticsmmercial Trust's overall GF Score™ is 48/100 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 Frasers Logisticsmmercial Trust (FRLOF), the current Piotroski F-Score is 6 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 Frasers Logisticsmmercial Trust (FRLOF) Overvalued in 2026?
Based on GuruFocus' analysis, Frasers Logisticsmmercial Trust stock appears to be undervalued.
The current stock price of $0.75 is trading 6.2% below its estimated GF Value™ of $0.80.
GuruFocus considers Frasers Logisticsmmercial Trust to be Fairly Valued.
Key valuation signals for FRLOF:
Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
GF Value™: $0.80 vs. price of $0.75 (6.2% below fair value)
Industry Position: 0% at the REITs median (#234 of 888)
No single metric tells the full story. See the FRLOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Frasers Logisticsmmercial Trust Business Description
Frasers Logistics & Commercial Trust was established following the merger between Frasers Logistics and Industrial Trust and Frasers Commercial Trust in April 2020. As of Mar. 31, 2026, the trust has a diversified portfolio of 113 logistics, industrial and commercial properties valued at around SGD 7.0 billion across Singapore, Australia, Germany, the Netherlands, and the United Kingdom. The trust is externally managed by Frasers Logistics & Commercial Asset Management, a subsidiary of Frasers Property, which owns around 23% of the trust.
48GF Score
Get the complete analysis for FRLOF
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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