Frequency HoldingsFRQND +92.31% Piotroski F-Score is 4 as of Jul. 11, 2026, which is at its 10-year median of 4.00. The stock has 4 warning signs investors should review. Among 2,736 Software companies, Frequency Holdings ranks worse than 60.23% 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
Frequency Holdings 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 Frequency Holdings's Piotroski F-Score or its related term are showing as below:
FRQND'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 4 Max: 5
Current: 4
During the past 8 years, the highest Piotroski F-Score of Frequency Holdings was 5. The lowest was 1. And the median was 4.
Frequency Holdings (OTCPK:FRQND) 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.
Frequency Holdings Piotroski F-Score Related Terms
Frequency Holdings Piotroski F-Score Historical Data
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The historical data trend for Frequency Holdings'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.
FRQND vs GTCH, IBM, ACN: Piotroski F-Score Comparison
For the Information Technology Services subindustry, Frequency Holdings'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.
Frequency Holdings Piotroski F-Score vs Software Industry
For the Software industry and Technology sector, Frequency Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Frequency Holdings'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.
Frequency Holdings's current Net Income (TTM) was 11.15.
==> 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.
Frequency Holdings's return on assets of this year was 4.725. Frequency Holdings's return on assets of last year was -128.55555556.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Frequency Holdings's gearing of this year was 0. Frequency Holdings's gearing of last year was 0.00631792.
==> 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
Frequency Holdings's current ratio of this year was 0.02182752. Frequency Holdings's current ratio of last year was 0.03512942.
==> 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.
Frequency Holdings's number of shares in issue this year was 33.94. Frequency Holdings's number of shares in issue last year was 16.599.
==> 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.
Frequency Holdings's gross margin of this year was 0.71120247. Frequency Holdings's gross margin of last year was 0.49429115.
==> 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
Frequency Holdings's asset turnover of this year was 0.82457627. Frequency Holdings's asset turnover of last year was 24.58479532.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Frequency Holdings has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Frequency Holdings (FRQND) has a Piotroski F-Score of 4 as of Jul. 11, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Frequency Holdings and its competitors. This is near median its historical median of 4.00. Over the past decade, Frequency Holdings' Piotroski F-Score has ranged from 1.00 to 5.00. According to the industry distribution chart, Frequency Holdings ranks #1648 out of 2736 companies in the Software industry, placing it in the top 60.2%.
Is Frequency Holdings' Piotroski F-Score too high?
Frequency Holdings' current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 5.00. The Software industry median Piotroski F-Score is 5.00. Frequency Holdings' value of 4 is 20% below this industry median. Based on the distribution chart, Frequency Holdings ranks #1648 out of 2736 companies in the Software industry, which is below the industry midpoint.
How does Frequency Holdings' Piotroski F-Score compare to GTCH and IBM?
According to the Software industry distribution chart, Frequency Holdings ranks #1648 out of 2736 companies for Piotroski F-Score. This places Frequency Holdings in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Frequency Holdings' value of 4 is 20% below this benchmark. Historically, Frequency Holdings' own Piotroski F-Score has ranged from 1.00 to 5.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Frequency Holdings 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,736 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. Frequency Holdings's current Piotroski F-Score of 4 is 20% 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 Frequency Holdings and its competitors. For the Software 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. Frequency Holdings's current Piotroski F-Score is 4, which is near median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frequency Holdings stock overvalued right now?
Frequency Holdings (FRQND) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Software industry median of 5.00. 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 Frequency Holdings (FRQND), the current Piotroski F-Score is 4 as of Jul. 11, 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.
Frequency Holdings Inc is a technology-focused holding company. The Company's model is designed to compound value through independently managed subsidiaries and strategic investments, drawing from the long-term discipline of Berkshire Hathaway and the multi-brand architecture of Alphabet. It operates through its wholly owned subsidiary which serves as the Company's execution engine. ReachOut is a cybersecurity-first digital infrastructure platform delivering compliance readiness, proactive risk reduction, and operational support for small and mid-sized businesses. The business is built on recurring revenue, high retention, and measurable outcomes, providing a stable foundation of cashflow while continuing to scale.
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