Frasers Centrepoint TrustFRZCF 83 Piotroski F-Score is 6 as of Jun. 25, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates FRZCF with a GF Score™ of 83/100 and a GF Value™ of $1.74. The stock has 7 warning signs investors should review. Among 888 REITs companies, Frasers Centrepoint 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 Centrepoint 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 Centrepoint Trust's Piotroski F-Score or its related term are showing as below:
FRZCF'
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 Centrepoint 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 Centrepoint Trust Piotroski F-Score Related Terms
Frasers Centrepoint 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.
FRZCF vs SPG, O, KIM: Piotroski F-Score Comparison
For the REIT - Retail subindustry, Frasers Centrepoint 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 Centrepoint Trust Piotroski F-Score vs REITs Industry
For the REITs industry and Real Estate sector, Frasers Centrepoint Trust's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Frasers Centrepoint 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 Centrepoint Trust's current Net Income (TTM) was 155.6.
==> 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 Centrepoint Trust's current Cash Flow from Operations (TTM) was 199.8.
==> 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 Centrepoint Trust's return on assets of this year was 0.03160016. Frasers Centrepoint Trust's return on assets of last year was 0.032613.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Frasers Centrepoint Trust's gearing of this year was 0.31304043. Frasers Centrepoint Trust's gearing of last year was 0.27475012.
==> 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 Centrepoint Trust's current ratio of this year was 0.21751544. Frasers Centrepoint Trust's current ratio of last year was 0.08511764.
==> 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 Centrepoint Trust's number of shares in issue this year was 1922.488. Frasers Centrepoint Trust's number of shares in issue last year was 1790.357.
==> 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 Centrepoint Trust's gross margin of this year was 0.60449311. Frasers Centrepoint Trust's gross margin of last year was 0.61209304.
==> 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 Centrepoint Trust's asset turnover of this year was 0.06160011. Frasers Centrepoint Trust's asset turnover of last year was 0.05806779.
==> This year's asset turnover is higher. ==> Score 1.
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 Centrepoint Trust has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Frasers Centrepoint Trust (FRZCF) 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 Centrepoint Trust and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Frasers Centrepoint Trust's Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, Frasers Centrepoint Trust ranks #234 out of 888 companies in the REITs industry, placing it in the top 26.4%.
Is Frasers Centrepoint Trust's Piotroski F-Score too high?
Frasers Centrepoint 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 Centrepoint Trust's value of 6 is 0% at this industry median. Based on the distribution chart, Frasers Centrepoint Trust ranks #234 out of 888 companies in the REITs industry, which is above the industry midpoint. Overall, Frasers Centrepoint Trust has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Frasers Centrepoint Trust's Piotroski F-Score compare to SPG and O?
According to the REITs industry distribution chart, Frasers Centrepoint Trust ranks #234 out of 888 companies for Piotroski F-Score. This puts Frasers Centrepoint Trust in the upper half of its industry. The industry median Piotroski F-Score is 6.00. Frasers Centrepoint Trust's value of 6 is 0% at this benchmark. Historically, Frasers Centrepoint 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 Centrepoint 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 Centrepoint 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 Centrepoint 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 Centrepoint 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 Centrepoint Trust stock overvalued right now?
Frasers Centrepoint Trust (FRZCF) has a current Piotroski F-Score of 6. The stock's GF Value™ is $1.74, compared to a current price of $1.73 — trading 0.6% 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 Centrepoint Trust's overall GF Score™ is 83/100 with 7 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 Centrepoint Trust (FRZCF), 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 Centrepoint Trust (FRZCF) Overvalued in 2026?
Based on GuruFocus' analysis, Frasers Centrepoint Trust stock appears to be undervalued.
The current stock price of $1.73 is trading 0.6% below its estimated GF Value™ of $1.74.
Key valuation signals for FRZCF:
Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
GF Value™: $1.74 vs. price of $1.73 (0.6% below fair value)
Industry Position: 0% at the REITs median (#234 of 888)
No single metric tells the full story. See the FRZCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Frasers Centrepoint Trust is a real estate investment trust listed on the Singapore Exchange that predominantly invests in suburban retail assets in Singapore. Its portfolio consists of nine retail malls (of which two are not wholly owned) and one office property with a total valuation of SGD 8.4 billion as at March 31, 2026. The trust is externally managed by Frasers Centrepoint Asset Management, a wholly owned subsidiary of Frasers Property, which has a 38% direct and indirect interest in FCT.
83GF Score
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