Frontier Transport HoldingsJSE:FTH -12.02%81 Piotroski F-Score is 3 as of Jun. 25, 2026, which is 50% below its 10-year median of 6.00. GuruFocus rates JSE:FTH with a GF Score™ of 81/100 and a GF Value™ of R6.73 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 979 Transportation companies, Frontier Transport Holdings ranks worse than 88.46% on this metric.
Warning Sign:
Piotroski F-Score of 3 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Frontier Transport Holdings has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Frontier Transport Holdings's Piotroski F-Score or its related term are showing as below:
JSE:FTH'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 7
Current: 3
During the past 10 years, the highest Piotroski F-Score of Frontier Transport Holdings was 7. The lowest was 3. And the median was 6.
Frontier Transport Holdings (JSE:FTH) 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.
Frontier Transport Holdings Piotroski F-Score Related Terms
Frontier Transport Holdings 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.
Frontier Transport Holdings Piotroski F-Score Chart
JSE:FTH vs UNP, CSX, NSC: Piotroski F-Score Comparison
For the Railroads subindustry, Frontier Transport 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.
Frontier Transport Holdings Piotroski F-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Frontier Transport Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Frontier Transport 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.
Frontier Transport Holdings's current Net Income (TTM) was 382.
==> 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.
Frontier Transport Holdings's current Cash Flow from Operations (TTM) was 397.
==> 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.
Frontier Transport Holdings's return on assets of this year was 0.13751521. Frontier Transport Holdings's return on assets of last year was 0.16359582.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Frontier Transport Holdings's gearing of this year was 0.19284786. Frontier Transport Holdings's gearing of last year was 0.13134634.
==> 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
Frontier Transport Holdings's current ratio of this year was 1.6926961. Frontier Transport Holdings's current ratio of last year was 1.70557865.
==> 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.
Frontier Transport Holdings's number of shares in issue this year was 300.949. Frontier Transport Holdings's number of shares in issue last year was 300.858.
==> 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.
Frontier Transport Holdings's gross margin of this year was 0.95723087. Frontier Transport Holdings's gross margin of last year was 0.96072082.
==> 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
Frontier Transport Holdings's asset turnover of this year was 1.02193383. Frontier Transport Holdings's asset turnover of last year was 1.30551462.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Frontier Transport Holdings has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Frontier Transport Holdings (JSE:FTH) has a Piotroski F-Score of 3 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Frontier Transport Holdings and its competitors. This is 50% below median its historical median of 6.00. Over the past decade, Frontier Transport Holdings' Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Frontier Transport Holdings ranks #866 out of 979 companies in the Transportation industry, placing it in the top 88.5%.
Is Frontier Transport Holdings' Piotroski F-Score too high?
Frontier Transport Holdings' current Piotroski F-Score of 3 is 50% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Transportation industry median Piotroski F-Score is 6.00. Frontier Transport Holdings' value of 3 is 50% below this industry median. Based on the distribution chart, Frontier Transport Holdings ranks #866 out of 979 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Frontier Transport Holdings has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Frontier Transport Holdings' Piotroski F-Score compare to UNP and CSX?
According to the Transportation industry distribution chart, Frontier Transport Holdings ranks #866 out of 979 companies for Piotroski F-Score. This places Frontier Transport Holdings in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Frontier Transport Holdings' value of 3 is 50% below this benchmark. Historically, Frontier Transport Holdings' own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Frontier Transport 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 979 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. Frontier Transport Holdings's current Piotroski F-Score of 3 is 50% 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 Frontier Transport Holdings and its competitors. For the Transportation 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. Frontier Transport Holdings's current Piotroski F-Score is 3, which is 50% below 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 Frontier Transport Holdings stock overvalued right now?
Based on GuruFocus' analysis, Frontier Transport Holdings (JSE:FTH) is currently considered Modestly Undervalued. The stock's GF Value™ is R6.73, compared to a current price of R5.71 — trading 15.2% below its estimated fair value. The current Piotroski F-Score is 3, which is 50% below median its 10-year median of 6.00 and 50% below the Transportation industry median of 6.00. Frontier Transport Holdings' overall GF Score™ is 81/100 with 4 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 Frontier Transport Holdings (JSE:FTH), the current Piotroski F-Score is 3 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 Frontier Transport Holdings (JSE:FTH) Overvalued in 2026?
Based on GuruFocus' analysis, Frontier Transport Holdings stock appears to be undervalued.
The current stock price of R5.71 is trading 15.2% below its estimated GF Value™ of R6.73.
GuruFocus considers Frontier Transport Holdings to be Modestly Undervalued.
Key valuation signals for JSE:FTH:
Piotroski F-Score: 3 (50% below median its 10-year median of 6.00)
GF Value™: R6.73 vs. price of R5.71 (15.2% below fair value)
Industry Position: 50% below the Transportation median (#866 of 979)
No single metric tells the full story. See the JSE:FTH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Frontier Transport Holdings Ltd is an investment entity tailored to consolidate and expand opportunities in the mobility and logistics sectors. The company through its subsidiary provides a scheduled commuter bus operator in the Cape Metropole. The company provides services such as Public Transport, School & Private Tours, Luxury Coaches, Shuttle Services, and Parts & Spares Sales.
81GF Score
Get the complete analysis for JSE:FTH
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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