FSRPF (Frasers Property) Piotroski F-Score: 7 (As of Jun. 25, 2026) — 17% Above Median


FSRPF Frasers Property Ltd FSRPF
52 GF Score
Price $0.83
GF Value $0.61
Valuation Significantly Overvalued
! 11 Warning Signs
View Full Analysis

What is Frasers Property Piotroski F-Score?

Frasers Property FSRPF -9.80% 52 Piotroski F-Score is 7 as of Jun. 25, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates FSRPF with a GF Score™ of 52/100 and a GF Value™ of $0.61 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 1,756 Real Estate companies, Frasers Property ranks better than 93.05% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Frasers Property has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Frasers Property's Piotroski F-Score or its related term are showing as below:

FSRPF' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of Frasers Property was 7. The lowest was 2. And the median was 6.

Frasers Property  (OTCPK:FSRPF) 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.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

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 Property Piotroski F-Score Related Terms


Frasers Property Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Frasers Property'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.

Frasers Property Piotroski F-Score Chart

Frasers Property Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 6.00 6.00 7.00 7.00

Frasers Property Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 7.00 0.00 7.00 0.00

Frasers Property Piotroski F-Score Competitor Comparison

For the Real Estate - Diversified subindustry, Frasers Property'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 Property Piotroski F-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Frasers Property's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Frasers Property's Piotroski F-Score falls into.


FSRPF
52GF Score
Frasers Property Ltd FSRPF
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* 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.

This Year (Sep25) TTM:Last Year (Sep24) TTM:
Net Income was $189 Mil.
Cash Flow from Operations was $802 Mil.
Revenue was $2,649 Mil.
Gross Profit was $1,046 Mil.
Average Total Assets from the begining of this year (Sep24)
to the end of this year (Sep25) was (30591.273 + 30939.222) / 2 = $30765.2475 Mil.
Total Assets at the begining of this year (Sep24) was $30,591 Mil.
Long-Term Debt & Capital Lease Obligation was $12,213 Mil.
Total Current Assets was $5,104 Mil.
Total Current Liabilities was $4,152 Mil.
Net Income was $159 Mil.

Revenue was $3,253 Mil.
Gross Profit was $1,153 Mil.
Average Total Assets from the begining of last year (Sep23)
to the end of last year (Sep24) was (29171.632 + 30591.273) / 2 = $29881.4525 Mil.
Total Assets at the begining of last year (Sep23) was $29,172 Mil.
Long-Term Debt & Capital Lease Obligation was $11,201 Mil.
Total Current Assets was $5,569 Mil.
Total Current Liabilities was $4,721 Mil.

*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 Property's current Net Income (TTM) was 189. ==> 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 Property's current Cash Flow from Operations (TTM) was 802. ==> 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.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Sep24)
=189.226/30591.273
=0.00618562

ROA (Last Year)=Net Income/Total Assets (Sep23)
=159.243/29171.632
=0.00545883

Frasers Property's return on assets of this year was 0.00618562. Frasers Property's return on assets of last year was 0.00545883. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Frasers Property's current Net Income (TTM) was 189. Frasers Property's current Cash Flow from Operations (TTM) was 802. ==> 802 > 189 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Sep25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep24 to Sep25
=12212.526/30765.2475
=0.39695848

Gearing (Last Year: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=11201.435/29881.4525
=0.37486247

Frasers Property's gearing of this year was 0.39695848. Frasers Property's gearing of last year was 0.37486247. ==> 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

Current Ratio (This Year: Sep25)=Total Current Assets/Total Current Liabilities
=5103.824/4151.571
=1.22937172

Current Ratio (Last Year: Sep24)=Total Current Assets/Total Current Liabilities
=5568.534/4720.8
=1.17957422

Frasers Property's current ratio of this year was 1.22937172. Frasers Property's current ratio of last year was 1.17957422. ==> 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 Property's number of shares in issue this year was 3926.042. Frasers Property's number of shares in issue last year was 3926.042. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=1045.749/2649.271
=0.39473085

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1152.582/3252.949
=0.35431911

Frasers Property's gross margin of this year was 0.39473085. Frasers Property's gross margin of last year was 0.35431911. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Sep24)
=2649.271/30591.273
=0.08660218

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep23)
=3252.949/29171.632
=0.1115107

Frasers Property's asset turnover of this year was 0.08660218. Frasers Property's asset turnover of last year was 0.1115107. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+0+1+1+1+0
=7

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Frasers Property has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Frasers Property (FSRPF) has a Piotroski F-Score of 7 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Frasers Property and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Frasers Property's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Frasers Property ranks #122 out of 1756 companies in the Real Estate industry, placing it in the top 6.9%.
Is Frasers Property's Piotroski F-Score too high?
Frasers Property's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Real Estate industry median Piotroski F-Score is 5.00. Frasers Property's value of 7 is 40% above this industry median. Based on the distribution chart, Frasers Property ranks #122 out of 1756 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Frasers Property has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Frasers Property's Piotroski F-Score compare to competitors?
According to the Real Estate industry distribution chart, Frasers Property ranks #122 out of 1756 companies for Piotroski F-Score. This places Frasers Property in the top 7% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Frasers Property's value of 7 is 40% above this benchmark. Historically, Frasers Property's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Frasers Property has consistently been above 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,756 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 Property's current Piotroski F-Score of 7 is 40% above 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 Property and its competitors. For the Real Estate 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. Frasers Property's current Piotroski F-Score is 7, which is 17% above 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 Frasers Property stock overvalued right now?
Based on GuruFocus' analysis, Frasers Property (FSRPF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.61, compared to a current price of $0.83 — trading 36.1% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Real Estate industry median of 5.00. Frasers Property's overall GF Score™ is 52/100 with 11 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 Property (FSRPF), the current Piotroski F-Score is 7 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 Property (FSRPF) Overvalued in 2026?

Based on GuruFocus' analysis, Frasers Property stock appears to be overvalued. The current stock price of $0.83 is trading 36.1% above its estimated GF Value™ of $0.61. GuruFocus considers Frasers Property to be Significantly Overvalued.

Key valuation signals for FSRPF:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: $0.61 vs. price of $0.83 (36.1% above fair value)
  • GF Score™: 52/100 with 11 warning signs
  • Industry Position: 40% above the Real Estate median (#122 of 1756)

No single metric tells the full story. See the FSRPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Frasers Property Business Description

Other Exchanges TQ5:Singapore1IQ:Germany
Address 438 Alexandra Road, No. 21-00 Alexandra Point, Singapore, SGP, 119958
Frasers Property Ltd owns, develops, and manages a diverse, integrated portfolio of properties. Its assets range from residential, retail, commercial, and business parks, to industrial and logistics in Singapore, Australia, Europe, China, and Southeast Asia. The company's operating segments include Singapore, Australia and Industrial, Hospitality, Thailand & Vietnam, and Others. It generates the majority of the revenue from the Singapore segment.
52GF Score

Get the complete analysis for FSRPF

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.83
Price
$0.61
GF Value