LTRCF (The Lottery) Piotroski F-Score: 5 (As of Jun. 24, 2026) — 17% Below Median


LTRCF The Lottery Corp Ltd LTRCF
65 GF Score
Price $3.80
GF Value $3.57
! 4 Warning Signs
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What is The Lottery Piotroski F-Score?

The Lottery LTRCF 65 Piotroski F-Score is 5 as of Jun. 24, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates LTRCF with a GF Score™ of 65/100 and a GF Value™ of $3.57. The stock has 4 warning signs investors should review. Among 839 Travel & Leisure companies, The Lottery ranks better than 52.68% 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 Lottery 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 Lottery's Piotroski F-Score or its related term are showing as below:

LTRCF' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 7
Current: 5

During the past 4 years, the highest Piotroski F-Score of The Lottery was 7. The lowest was 5. And the median was 6.

The Lottery  (OTCPK:LTRCF) 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 Lottery Piotroski F-Score Related Terms


The Lottery Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for The Lottery'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 Lottery Piotroski F-Score Chart

The Lottery Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
N/A N/A 7.00 5.00

The Lottery Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only 0.00 7.00 0.00 5.00 0.00

LTRCF vs FLUT, DKNG, LNWO: Piotroski F-Score Comparison

For the Gambling subindustry, The Lottery'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 Lottery Piotroski F-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, The Lottery's Piotroski F-Score distribution charts can be found below:

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


LTRCF
65GF Score
The Lottery Corp Ltd LTRCF
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 (Jun25) TTM:Last Year (Jun24) TTM:
Net Income was $238 Mil.
Cash Flow from Operations was $353 Mil.
Revenue was $2,427 Mil.
Gross Profit was $2,427 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (2897.875 + 2867.969) / 2 = $2882.922 Mil.
Total Assets at the begining of this year (Jun24) was $2,898 Mil.
Long-Term Debt & Capital Lease Obligation was $1,515 Mil.
Total Current Assets was $500 Mil.
Total Current Liabilities was $799 Mil.
Net Income was $275 Mil.

Revenue was $2,641 Mil.
Gross Profit was $2,641 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (2933.49 + 2897.875) / 2 = $2915.6825 Mil.
Total Assets at the begining of last year (Jun23) was $2,933 Mil.
Long-Term Debt & Capital Lease Obligation was $1,638 Mil.
Total Current Assets was $469 Mil.
Total Current Liabilities was $681 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 Lottery's current Net Income (TTM) was 238. ==> 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 Lottery's current Cash Flow from Operations (TTM) was 353. ==> 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 (Jun24)
=237.956/2897.875
=0.08211396

ROA (Last Year)=Net Income/Total Assets (Jun23)
=274.9/2933.49
=0.0937109

The Lottery's return on assets of this year was 0.08211396. The Lottery's return on assets of last year was 0.0937109. ==> 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 Lottery's current Net Income (TTM) was 238. The Lottery's current Cash Flow from Operations (TTM) was 353. ==> 353 > 238 ==> 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: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=1514.714/2882.922
=0.52540929

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=1638.313/2915.6825
=0.56189691

The Lottery's gearing of this year was 0.52540929. The Lottery's gearing of last year was 0.56189691. ==> 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: Jun25)=Total Current Assets/Total Current Liabilities
=500.456/799.154
=0.62623224

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=468.991/681.142
=0.68853631

The Lottery's current ratio of this year was 0.62623224. The Lottery's current ratio of last year was 0.68853631. ==> 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.

The Lottery's number of shares in issue this year was 2225. The Lottery's number of shares in issue last year was 2225.1. ==> 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
=2426.563/2426.563
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2640.77/2640.77
=1

The Lottery's gross margin of this year was 1. The Lottery's gross margin of last year was 1. ==> 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 (Jun24)
=2426.563/2897.875
=0.83735944

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=2640.77/2933.49
=0.90021442

The Lottery's asset turnover of this year was 0.83735944. The Lottery's asset turnover of last year was 0.90021442. ==> 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+0+1+0+0
=5

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

The Lottery 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 Lottery (LTRCF) 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 Lottery and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, The Lottery's Piotroski F-Score has ranged from 5.00 to 7.00. According to the industry distribution chart, The Lottery ranks #397 out of 839 companies in the Travel & Leisure industry, placing it in the top 47.3%.
Is The Lottery's Piotroski F-Score too high?
The Lottery's current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 7.00. The Travel & Leisure industry median Piotroski F-Score is 5.00. The Lottery's value of 5 is 0% at this industry median. Based on the distribution chart, The Lottery ranks #397 out of 839 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, The Lottery has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does The Lottery's Piotroski F-Score compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, The Lottery ranks #397 out of 839 companies for Piotroski F-Score. This puts The Lottery in the upper half of its industry. The industry median Piotroski F-Score is 5.00. The Lottery's value of 5 is 0% at this benchmark. Historically, The Lottery's own Piotroski F-Score has ranged from 5.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, The Lottery 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 Travel & Leisure company?
The median Piotroski F-Score among Travel & Leisure companies is 5.00, based on 839 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 Lottery'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 Lottery 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. The Lottery's current Piotroski F-Score is 5, which is 17% 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 The Lottery stock overvalued right now?
The Lottery (LTRCF) has a current Piotroski F-Score of 5. The stock's GF Value™ is $3.57, compared to a current price of $3.80 — trading 6.3% above its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Travel & Leisure industry median of 5.00. The Lottery's overall GF Score™ is 65/100 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 Lottery (LTRCF), 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 Lottery (LTRCF) Overvalued in 2026?

Based on GuruFocus' analysis, The Lottery stock appears to be overvalued. The current stock price of $3.80 is trading 6.3% above its estimated GF Value™ of $3.57.

Key valuation signals for LTRCF:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: $3.57 vs. price of $3.80 (6.3% above fair value)
  • GF Score™: 65/100 with 4 warning signs
  • Industry Position: 0% at the Travel & Leisure median (#397 of 839)

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


The Lottery Business Description

Other Exchanges TLC:Australia
Address 180 Ann Street, Level 8, Brisbane, QLD, AUS, 4000
The Lottery Corporation is Australia's largest provider of lottery, keno, and instant-scratch products, with long-dated and/or exclusive licenses for the lottery in all Australian states and territories except Western Australia, and in most states and territories for keno. Lottery Corp has a distribution network of more than 3,800 franchised retailers that sell instant-scratch and lottery products through vendors such as newsstands, gas stations, pharmacies, and convenience stores, as well as online sales. Keno is sold in over 3,400 bars and clubs.
65GF Score

Get the complete analysis for LTRCF

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

$3.80
Price
$3.57
GF Value