The Property Franchise Group (LSE:TPFG) Piotroski F-Score: 5 (As of Jun. 24, 2026) — Near Median


LSE:TPFG The Property Franchise Group PLC LSE:TPFG
99 GF Score
Price £4.92
GF Value £5.62
Valuation Modestly Undervalued
! 4 Warning Signs
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What is The Property Franchise Group Piotroski F-Score?

The Property Franchise Group LSE:TPFG -3.53% 99 Piotroski F-Score is 5 as of Jun. 24, 2026, which is at its 10-year median of 5.00. GuruFocus rates LSE:TPFG with a GF Score™ of 99/100 and a GF Value™ of £5.62 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,756 Real Estate companies, The Property Franchise Group ranks better than 60.99% 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

The Property Franchise Group 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 The Property Franchise Group's Piotroski F-Score or its related term are showing as below:

LSE:TPFG' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 7
Current: 5

During the past 13 years, the highest Piotroski F-Score of The Property Franchise Group was 7. The lowest was 4. And the median was 5.

The Property Franchise Group  (LSE:TPFG) 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.


The Property Franchise Group Piotroski F-Score Related Terms


The Property Franchise Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for The Property Franchise Group'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.

The Property Franchise Group Piotroski F-Score Chart

The Property Franchise Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 5.00 7.00 5.00 5.00

The Property Franchise Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 7.00 0.00 5.00 0.00 5.00

LSE:TPFG vs CBRE, BEKE: Piotroski F-Score Comparison

For the Real Estate Services subindustry, The Property Franchise Group'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.


The Property Franchise Group Piotroski F-Score vs Real Estate Industry

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

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


LSE:TPFG
99GF Score
The Property Franchise Group PLC LSE:TPFG
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was £19.05 Mil.
Cash Flow from Operations was £22.10 Mil.
Revenue was £84.26 Mil.
Gross Profit was £54.79 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (203.984 + 206.359) / 2 = £205.1715 Mil.
Total Assets at the begining of this year (Dec24) was £203.98 Mil.
Long-Term Debt & Capital Lease Obligation was £9.73 Mil.
Total Current Assets was £24.12 Mil.
Total Current Liabilities was £19.71 Mil.
Net Income was £10.19 Mil.

Revenue was £67.31 Mil.
Gross Profit was £44.97 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (57.679 + 203.984) / 2 = £130.8315 Mil.
Total Assets at the begining of last year (Dec23) was £57.68 Mil.
Long-Term Debt & Capital Lease Obligation was £13.16 Mil.
Total Current Assets was £14.79 Mil.
Total Current Liabilities was £22.97 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.

The Property Franchise Group's current Net Income (TTM) was 19.05. ==> 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.

The Property Franchise Group's current Cash Flow from Operations (TTM) was 22.10. ==> 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 (Dec24)
=19.048/203.984
=0.09337987

ROA (Last Year)=Net Income/Total Assets (Dec23)
=10.192/57.679
=0.17670209

The Property Franchise Group's return on assets of this year was 0.09337987. The Property Franchise Group's return on assets of last year was 0.17670209. ==> Last year is higher ==> Score 0.

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.

The Property Franchise Group's current Net Income (TTM) was 19.05. The Property Franchise Group's current Cash Flow from Operations (TTM) was 22.10. ==> 22.10 > 19.05 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=9.728/205.1715
=0.04741399

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=13.159/130.8315
=0.10057975

The Property Franchise Group's gearing of this year was 0.04741399. The Property Franchise Group's gearing of last year was 0.10057975. ==> 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

Current Ratio (This Year: Dec25)=Total Current Assets/Total Current Liabilities
=24.123/19.712
=1.22377232

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=14.786/22.966
=0.6438213

The Property Franchise Group's current ratio of this year was 1.22377232. The Property Franchise Group's current ratio of last year was 0.6438213. ==> 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.

The Property Franchise Group's number of shares in issue this year was 63.804. The Property Franchise Group's number of shares in issue last year was 57.897. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=54.786/84.264
=0.65017089

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=44.971/67.31
=0.66811766

The Property Franchise Group's gross margin of this year was 0.65017089. The Property Franchise Group's gross margin of last year was 0.66811766. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec24)
=84.264/203.984
=0.41309122

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=67.31/57.679
=1.16697585

The Property Franchise Group's asset turnover of this year was 0.41309122. The Property Franchise Group's asset turnover of last year was 1.16697585. ==> 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+0+1+1+1+0+0+0
=5

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

The Property Franchise Group has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 5 mean?
The Property Franchise Group (LSE:TPFG) has a Piotroski F-Score of 5 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on The Property Franchise Group and its competitors. This is near median its historical median of 5.00. Over the past decade, The Property Franchise Group's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, The Property Franchise Group ranks #685 out of 1756 companies in the Real Estate industry, placing it in the top 39%.
Is The Property Franchise Group's Piotroski F-Score too high?
The Property Franchise Group's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Real Estate industry median Piotroski F-Score is 5.00. The Property Franchise Group's value of 5 is 0% at this industry median. Based on the distribution chart, The Property Franchise Group ranks #685 out of 1756 companies in the Real Estate industry, which is above the industry midpoint. Overall, The Property Franchise Group has a GF Score™ of 99/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The Property Franchise Group's Piotroski F-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, The Property Franchise Group ranks #685 out of 1756 companies for Piotroski F-Score. This puts The Property Franchise Group in the upper half of its industry. The industry median Piotroski F-Score is 5.00. The Property Franchise Group's value of 5 is 0% at this benchmark. Historically, The Property Franchise Group's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, The Property Franchise Group 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 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. The Property Franchise Group's current Piotroski F-Score of 5 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 The Property Franchise Group 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. The Property Franchise Group's current Piotroski F-Score is 5, which is near 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 The Property Franchise Group stock overvalued right now?
Based on GuruFocus' analysis, The Property Franchise Group (LSE:TPFG) is currently considered Modestly Undervalued. The stock's GF Value™ is £5.62, compared to a current price of £4.92 — trading 12.5% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Real Estate industry median of 5.00. The Property Franchise Group's overall GF Score™ is 99/100 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 The Property Franchise Group (LSE:TPFG), the current Piotroski F-Score is 5 as of Jun. 24, 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 The Property Franchise Group (LSE:TPFG) Overvalued in 2026?

Based on GuruFocus' analysis, The Property Franchise Group stock appears to be undervalued. The current stock price of £4.92 is trading 12.5% below its estimated GF Value™ of £5.62. GuruFocus considers The Property Franchise Group to be Modestly Undervalued.

Key valuation signals for LSE:TPFG:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: £5.62 vs. price of £4.92 (12.5% below fair value)
  • GF Score™: 99/100 with 4 warning signs
  • Industry Position: 0% at the Real Estate median (#685 of 1756)

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


The Property Franchise Group Business Description

Address St Stephen\'s Road, 2 St Stephen\'s Court, Bournemouth, Dorset, GBR, BH2 6LA
The Property Franchise Group PLC is a UK-based company engaged in the residential property franchising business. The principal activity of the group is the sale of franchises and the support of franchisees in supplying residential letting, sales, and property management services within the UK. Its brands include CJ Hole, Ellis & Co, Ewemove, Martin & Co, Parkers, Whitegates, and others. The company derives revenue from management service fees and the rest from franchise sales and other sources. The company operates in three segments, which include: Franchising, Financial Services, and Licensing. The majority of its revenue is generated from the Franchising segment.
99GF Score

Get the complete analysis for LSE:TPFG

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

£4.92
Price
£5.62
GF Value