Sprott Focus TrustFUND +0.05%43 Piotroski F-Score is 6 as of Jun. 26, 2026, which is 50% above its 10-year median of 4.00. GuruFocus rates FUND with a GF Score™ of 43/100 and a GF Value™ of $25.42 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,601 Asset Management companies, Sprott Focus Trust ranks better than 82.76% 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
Sprott Focus Trust has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Sprott Focus Trust's Piotroski F-Score or its related term are showing as below:
FUND'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 7
Current: 6
During the past 9 years, the highest Piotroski F-Score of Sprott Focus Trust was 7. The lowest was 2. And the median was 4.
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.
Sprott Focus Trust Piotroski F-Score Related Terms
Sprott Focus Trust Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Sprott Focus Trust'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.
FUND vs ARDC, NCA, NBH: Piotroski F-Score Comparison
For the Asset Management subindustry, Sprott Focus 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.
Sprott Focus Trust Piotroski F-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Sprott Focus Trust's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Sprott Focus 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.
Sprott Focus Trust's current Net Income (TTM) was 54.03.
==> 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.
Sprott Focus Trust's return on assets of this year was 0.21483844. Sprott Focus Trust's return on assets of last year was 0.00739762.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Sprott Focus Trust's gearing of this year was 0. Sprott Focus Trust's gearing of last year was 0.
==> 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
* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.
Sprott Focus Trust's current ratio of this year was 79.29482289. Sprott Focus Trust's current ratio of last year was 419.13666667.
==> 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.
Sprott Focus Trust's number of shares in issue this year was 29.524. Sprott Focus Trust's number of shares in issue last year was 32.841.
==> 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.
* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.
Sprott Focus Trust's net margin of this year was 0.99363666. Sprott Focus Trust's net margin of last year was 0.85503472.
==> This year's net 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
Sprott Focus Trust's asset turnover of this year was 0.21621428. Sprott Focus Trust's asset turnover of last year was 0.00865183.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Sprott Focus Trust has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Sprott Focus Trust (FUND) has a Piotroski F-Score of 6 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sprott Focus Trust and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, Sprott Focus Trust's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Sprott Focus Trust ranks #276 out of 1601 companies in the Asset Management industry, placing it in the top 17.2%.
Is Sprott Focus Trust's Piotroski F-Score too high?
Sprott Focus Trust's current Piotroski F-Score of 6 is 50% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Asset Management industry median Piotroski F-Score is 5.00. Sprott Focus Trust's value of 6 is 20% above this industry median. Based on the distribution chart, Sprott Focus Trust ranks #276 out of 1601 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Sprott Focus Trust has a GF Score™ of 43/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sprott Focus Trust's Piotroski F-Score compare to ARDC and NCA?
According to the Asset Management industry distribution chart, Sprott Focus Trust ranks #276 out of 1601 companies for Piotroski F-Score. This places Sprott Focus Trust in the top 17% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Sprott Focus Trust's value of 6 is 20% above this benchmark. Historically, Sprott Focus Trust'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 4.00 vs. the industry median of 5.00, Sprott Focus Trust 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 an Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,601 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. Sprott Focus Trust's current Piotroski F-Score of 6 is 20% 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 Sprott Focus Trust and its competitors. For the Asset Management 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. Sprott Focus Trust's current Piotroski F-Score is 6, which is 50% above 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 Sprott Focus Trust stock overvalued right now?
Based on GuruFocus' analysis, Sprott Focus Trust (FUND) is currently considered Significantly Undervalued. The stock's GF Value™ is $25.42, compared to a current price of $9.51 — trading 62.6% below its estimated fair value. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 20% above the Asset Management industry median of 5.00. Sprott Focus Trust's overall GF Score™ is 43/100 with 3 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 Sprott Focus Trust (FUND), the current Piotroski F-Score is 6 as of Jun. 26, 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 Sprott Focus Trust (FUND) Overvalued in 2026?
Based on GuruFocus' analysis, Sprott Focus Trust stock appears to be undervalued.
The current stock price of $9.51 is trading 62.6% below its estimated GF Value™ of $25.42.
GuruFocus considers Sprott Focus Trust to be Significantly Undervalued.
Key valuation signals for FUND:
Piotroski F-Score: 6 (50% above median its 10-year median of 4.00)
GF Value™: $25.42 vs. price of $9.51 (62.6% below fair value)
Industry Position: 20% above the Asset Management median (#276 of 1601)
No single metric tells the full story. See the FUND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sprott Focus Trust Inc is a diversified closed-end investment company. Its primary investment objective is long-term capital growth. To achieve its objective, the Fund may invest its assets in equity securities and in direct obligations of the U.S. Government or its agencies and in the non-convertible preferred stocks & debt securities of domestic and foreign companies. It invests in various sectors, of which Materials, Financials, Energy, Information technology sector account for the majority weightage.
43GF Score
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