Lindblad Expeditions HoldingsLIND +4.15%65 Piotroski F-Score is 7 as of Jun. 25, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates LIND with a GF Score™ of 65/100 and a GF Value™ of $13.25 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 840 Travel & Leisure companies, Lindblad Expeditions Holdings ranks better than 88.57% 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
Lindblad Expeditions Holdings 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 Lindblad Expeditions Holdings's Piotroski F-Score or its related term are showing as below:
LIND'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 5 Max: 8
Current: 7
During the past 13 years, the highest Piotroski F-Score of Lindblad Expeditions Holdings was 8. The lowest was 1. 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.
Lindblad Expeditions Holdings Piotroski F-Score Related Terms
Lindblad Expeditions 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.
LIND vs TRIP, PRSU, TOUR: Piotroski F-Score Comparison
For the Travel Services subindustry, Lindblad Expeditions 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.
Lindblad Expeditions Holdings Piotroski F-Score vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Lindblad Expeditions Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Lindblad Expeditions 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.
Lindblad Expeditions Holdings's current Net Income (TTM) was -24.4.
==> Negative ==> Score 0.
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.
Lindblad Expeditions Holdings's current Cash Flow from Operations (TTM) was 112.7.
==> 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.
Lindblad Expeditions Holdings's return on assets of this year was -0.02682903. Lindblad Expeditions Holdings's return on assets of last year was -0.02999869.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Lindblad Expeditions Holdings's gearing of this year was 0.69243412. Lindblad Expeditions Holdings's gearing of last year was 0.711448.
==> 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
Lindblad Expeditions Holdings's current ratio of this year was 0.81322286. Lindblad Expeditions Holdings's current ratio of last year was 0.70346248.
==> 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.
Lindblad Expeditions Holdings's number of shares in issue this year was 61.113. Lindblad Expeditions Holdings's number of shares in issue last year was 54.623.
==> 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.
Lindblad Expeditions Holdings's gross margin of this year was 0.45964212. Lindblad Expeditions Holdings's gross margin of last year was 0.44699136.
==> 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
Lindblad Expeditions Holdings's asset turnover of this year was 0.87949548. Lindblad Expeditions Holdings's asset turnover of last year was 0.7728164.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Lindblad Expeditions Holdings has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Lindblad Expeditions Holdings (LIND) 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 Lindblad Expeditions Holdings and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, Lindblad Expeditions Holdings' Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Lindblad Expeditions Holdings ranks #96 out of 840 companies in the Travel & Leisure industry, placing it in the top 11.4%.
Is Lindblad Expeditions Holdings' Piotroski F-Score too high?
Lindblad Expeditions Holdings' current Piotroski F-Score of 7 is 40% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Travel & Leisure industry median Piotroski F-Score is 5.00. Lindblad Expeditions Holdings' value of 7 is 40% above this industry median. Based on the distribution chart, Lindblad Expeditions Holdings ranks #96 out of 840 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Lindblad Expeditions Holdings has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lindblad Expeditions Holdings' Piotroski F-Score compare to TRIP and PRSU?
According to the Travel & Leisure industry distribution chart, Lindblad Expeditions Holdings ranks #96 out of 840 companies for Piotroski F-Score. This places Lindblad Expeditions Holdings in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Lindblad Expeditions Holdings' value of 7 is 40% above this benchmark. Historically, Lindblad Expeditions Holdings' own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Lindblad Expeditions Holdings 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 Travel & Leisure company?
The median Piotroski F-Score among Travel & Leisure companies is 5.00, based on 840 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. Lindblad Expeditions Holdings'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 Lindblad Expeditions Holdings and its competitors. For the Travel & Leisure 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. Lindblad Expeditions Holdings's current Piotroski F-Score is 7, which is 40% 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 Lindblad Expeditions Holdings stock overvalued right now?
Based on GuruFocus' analysis, Lindblad Expeditions Holdings (LIND) is currently considered Significantly Overvalued. The stock's GF Value™ is $13.25, compared to a current price of $28.11 — trading 112.2% above its estimated fair value. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 40% above the Travel & Leisure industry median of 5.00. Lindblad Expeditions Holdings' overall GF Score™ is 65/100 with 6 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 Lindblad Expeditions Holdings (LIND), 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 Lindblad Expeditions Holdings (LIND) Overvalued in 2026?
Based on GuruFocus' analysis, Lindblad Expeditions Holdings stock appears to be overvalued.
The current stock price of $28.11 is trading 112.2% above its estimated GF Value™ of $13.25.
GuruFocus considers Lindblad Expeditions Holdings to be Significantly Overvalued.
Key valuation signals for LIND:
Piotroski F-Score: 7 (40% above median its 10-year median of 5.00)
GF Value™: $13.25 vs. price of $28.11 (112.2% above fair value)
Industry Position: 40% above the Travel & Leisure median (#96 of 840)
No single metric tells the full story. See the LIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lindblad Expeditions Holdings Business Description
Lindblad Expeditions Holdings Inc provides expedition cruising and adventure travel services. The company operates in two segments: Lindblad and Land Experiences, of which Lindblad generates the vast majority of its revenue. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest empowerment and interactivity. It operates expeditions on intimately-scaled ships and interaction between guests, crew, and the teams of scientists, naturalists, researchers, and photographers that participate in the expeditions. Lindblad operates a fleet of twelve owned expedition ships and five seasonal charter vessels under the Lindblad brand.
65GF Score
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