LXP (LXP Industrial Trust) Piotroski F-Score: 8 (As of Jun. 24, 2026) — 60% Above Median


LXP LXP Industrial Trust LXP
75 GF Score
Price $53.80
GF Value $45.75
Valuation Modestly Overvalued
! 11 Warning Signs
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What is LXP Industrial Trust Piotroski F-Score?

LXP Industrial Trust LXP -0.90% 75 Piotroski F-Score is 8 as of Jun. 24, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates LXP with a GF Score™ of 75/100 and a GF Value™ of $45.75 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 888 REITs companies, LXP Industrial Trust ranks better than 98.42% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

LXP Industrial Trust has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for LXP Industrial Trust's Piotroski F-Score or its related term are showing as below:

LXP' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of LXP Industrial Trust was 8. The lowest was 3. And the median was 5.

LXP Industrial Trust  (NYSE:LXP) 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.


LXP Industrial Trust Piotroski F-Score Related Terms


LXP Industrial Trust Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for LXP Industrial 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.

LXP Industrial Trust Piotroski F-Score Chart

LXP Industrial Trust 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 6.00 7.00 7.00

LXP Industrial Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 6.00 7.00 7.00 7.00 8.00

LXP vs NSA, SMA, IIPR: Piotroski F-Score Comparison

For the REIT - Industrial subindustry, LXP Industrial 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.


LXP Industrial Trust Piotroski F-Score vs REITs Industry

For the REITs industry and Real Estate sector, LXP Industrial Trust's Piotroski F-Score distribution charts can be found below:

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


LXP
75GF Score
LXP Industrial Trust LXP
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 29.132 + 36.279 + 28.771 + -0.239 = $93.9 Mil.
Cash Flow from Operations was 44.292 + 63.498 + 41.94 + 37.46 = $187.2 Mil.
Revenue was 87.719 + 86.902 + 86.744 + 85.948 = $347.3 Mil.
Gross Profit was 22.482 + 22.436 + 23.078 + 22.228 = $90.2 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(3759.514 + 3717.13 + 3708.933 + 3537.022 + 3466.701) / 5 = $3637.86 Mil.
Total Assets at the begining of this year (Mar25) was $3,759.5 Mil.
Long-Term Debt & Capital Lease Obligation was $1,256.7 Mil.
Total Current Assets was $219.5 Mil.
Total Current Liabilities was $110.7 Mil.
Net Income was 5.426 + 6.346 + 33.031 + 18.978 = $63.8 Mil.

Revenue was 85.786 + 85.57 + 100.851 + 88.863 = $361.1 Mil.
Gross Profit was 21.957 + 22.172 + 37.399 + 21.222 = $102.8 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(4156.368 + 3885.867 + 3854.052 + 3843.312 + 3759.514) / 5 = $3899.8226 Mil.
Total Assets at the begining of last year (Mar24) was $4,156.4 Mil.
Long-Term Debt & Capital Lease Obligation was $1,407.8 Mil.
Total Current Assets was $164.8 Mil.
Total Current Liabilities was $127.0 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.

LXP Industrial Trust's current Net Income (TTM) was 93.9. ==> 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.

LXP Industrial Trust's current Cash Flow from Operations (TTM) was 187.2. ==> 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 (Mar25)
=93.943/3759.514
=0.02498807

ROA (Last Year)=Net Income/Total Assets (Mar24)
=63.781/4156.368
=0.01534537

LXP Industrial Trust's return on assets of this year was 0.02498807. LXP Industrial Trust's return on assets of last year was 0.01534537. ==> This year is higher. ==> Score 1.

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.

LXP Industrial Trust's current Net Income (TTM) was 93.9. LXP Industrial Trust's current Cash Flow from Operations (TTM) was 187.2. ==> 187.2 > 93.9 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=1256.712/3637.86
=0.34545365

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1407.751/3899.8226
=0.36097821

LXP Industrial Trust's gearing of this year was 0.34545365. LXP Industrial Trust's gearing of last year was 0.36097821. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=219.522/110.686
=1.98328605

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=164.801/126.991
=1.29773763

LXP Industrial Trust's current ratio of this year was 1.98328605. LXP Industrial Trust's current ratio of last year was 1.29773763. ==> 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.

LXP Industrial Trust's number of shares in issue this year was 58.163. LXP Industrial Trust's number of shares in issue last year was 58.46. ==> 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
=90.224/347.313
=0.2597772

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=102.75/361.07
=0.28457086

LXP Industrial Trust's gross margin of this year was 0.2597772. LXP Industrial Trust's gross margin of last year was 0.28457086. ==> 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 (Mar25)
=347.313/3759.514
=0.09238242

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=361.07/4156.368
=0.08687152

LXP Industrial Trust's asset turnover of this year was 0.09238242. LXP Industrial Trust's asset turnover of last year was 0.08687152. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+1+1+1+0+1
=8

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

LXP Industrial Trust has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
LXP Industrial Trust (LXP) has a Piotroski F-Score of 8 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on LXP Industrial Trust and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, LXP Industrial Trust's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, LXP Industrial Trust ranks #14 out of 888 companies in the REITs industry, placing it in the top 1.6%.
Is LXP Industrial Trust's Piotroski F-Score too high?
LXP Industrial Trust's current Piotroski F-Score of 8 is 60% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The REITs industry median Piotroski F-Score is 6.00. LXP Industrial Trust's value of 8 is 33.3% above this industry median. Based on the distribution chart, LXP Industrial Trust ranks #14 out of 888 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, LXP Industrial Trust has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does LXP Industrial Trust's Piotroski F-Score compare to NSA and SMA?
According to the REITs industry distribution chart, LXP Industrial Trust ranks #14 out of 888 companies for Piotroski F-Score. This places LXP Industrial Trust in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. LXP Industrial Trust's value of 8 is 33.3% above this benchmark. Historically, LXP Industrial Trust's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, LXP Industrial 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 a REITs company?
The median Piotroski F-Score among REITs companies is 6.00, based on 888 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. LXP Industrial Trust's current Piotroski F-Score of 8 is 33.3% 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 LXP Industrial Trust and its competitors. For the REITs 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. LXP Industrial Trust's current Piotroski F-Score is 8, which is 60% 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 LXP Industrial Trust stock overvalued right now?
Based on GuruFocus' analysis, LXP Industrial Trust (LXP) is currently considered Modestly Overvalued. The stock's GF Value™ is $45.75, compared to a current price of $53.80 — trading 17.6% above its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 33.3% above the REITs industry median of 6.00. LXP Industrial Trust's overall GF Score™ is 75/100 with 11 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 LXP Industrial Trust (LXP), the current Piotroski F-Score is 8 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 LXP Industrial Trust (LXP) Overvalued in 2026?

Based on GuruFocus' analysis, LXP Industrial Trust stock appears to be overvalued. The current stock price of $53.80 is trading 17.6% above its estimated GF Value™ of $45.75. GuruFocus considers LXP Industrial Trust to be Modestly Overvalued.

Key valuation signals for LXP:

  • Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
  • GF Value™: $45.75 vs. price of $53.80 (17.6% above fair value)
  • GF Score™: 75/100 with 11 warning signs
  • Industry Position: 33.3% above the REITs median (#14 of 888)

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


LXP Industrial Trust Business Description

Industry Real EstateREITs
Other Exchanges LXPpC.PFD:USALXN0:Germany
Address 515 North Flagler Drive, Suite 408, West Palm Beach, FL, USA, 33401
LXP Industrial Trust is a real estate investment trust principally involved in the ownership of equity and debt investments in single-tenant properties and land throughout the United States. The majority of the revenue is earned through rental revenue.
75GF Score

Get the complete analysis for LXP

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

$53.80
Price
$45.75
GF Value