New Fortress EnergyMEX:NFE 23 Piotroski F-Score is 2 as of Jun. 26, 2026, which is 50% below its 10-year median of 4.00. GuruFocus rates MEX:NFE with a GF Score™ of 23/100 and a GF Value™ of MXN148.62 (Possible Value Trap). The stock has 10 warning signs investors should review. Among 974 Oil & Gas companies, New Fortress Energy ranks worse than 91.07% on this metric.
Warning Sign:
Piotroski F-Score of 2 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
New Fortress Energy has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for New Fortress Energy's Piotroski F-Score or its related term are showing as below:
MEX:NFE'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 7
Current: 2
During the past 10 years, the highest Piotroski F-Score of New Fortress Energy was 7. The lowest was 2. And the median was 4.
New Fortress Energy (MEX:NFE) 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.
New Fortress Energy Piotroski F-Score Related Terms
New Fortress Energy Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for New Fortress Energy'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.
MEX:NFE vs TORO, DLNG, MMLP: Piotroski F-Score Comparison
For the Oil & Gas Midstream subindustry, New Fortress Energy'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.
New Fortress Energy Piotroski F-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, New Fortress Energy's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where New Fortress Energy'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.
This Year (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was -10443.258 + -5497.023 + -14219.713 + -7212.088 = MXN-37,372 Mil. Cash Flow from Operations was -7097.083 + -3504.311 + -147.557 + -2144.124 = MXN-12,893 Mil. Revenue was 5680.619 + 6005.286 + 7282.261 + 4092.575 = MXN23,061 Mil. Gross Profit was 600.915 + 1333.403 + 2571.286 + -260.897 = MXN4,245 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(266531.066 + 225146.958 + 218398.836 + 190061.381 + 187437.979) / 5 = MXN217515.244 Mil. Total Assets at the begining of this year (Mar25) was MXN266,531 Mil. Long-Term Debt & Capital Lease Obligation was MXN24,627 Mil. Total Current Assets was MXN20,895 Mil. Total Current Liabilities was MXN160,974 Mil.
Net Income was -1627.814 + 183.1 + -4707.444 + -3634.072 = MXN-9,786 Mil.
Revenue was 7841.114 + 11174.934 + 14037.596 + 9662.04 = MXN42,716 Mil. Gross Profit was 2935.43 + 3910.986 + 7099.864 + 2177.121 = MXN16,123 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(180573.262 + 209002.642 + 235690.843 + 269522.903 + 266531.066) / 5 = MXN232264.1432 Mil. Total Assets at the begining of last year (Mar24) was MXN180,573 Mil. Long-Term Debt & Capital Lease Obligation was MXN189,986 Mil. Total Current Assets was MXN30,149 Mil. Total Current Liabilities was MXN30,149 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.
New Fortress Energy's current Net Income (TTM) was -37,372.
==> 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.
New Fortress Energy's current Cash Flow from Operations (TTM) was -12,893.
==> Negative ==> Score 0.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
New Fortress Energy's return on assets of this year was -0.14021661. New Fortress Energy's return on assets of last year was -0.05419534.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
New Fortress Energy's gearing of this year was 0.11321802. New Fortress Energy's gearing of last year was 0.81797482.
==> 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
New Fortress Energy's current ratio of this year was 0.12980556. New Fortress Energy's current ratio of last year was 1.00001765.
==> 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.
New Fortress Energy's number of shares in issue this year was 285.703. New Fortress Energy's number of shares in issue last year was 273.61.
==> 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.
New Fortress Energy's gross margin of this year was 0.18406637. New Fortress Energy's gross margin of last year was 0.37745857.
==> 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
New Fortress Energy's asset turnover of this year was 0.08652178. New Fortress Energy's asset turnover of last year was 0.23655597.
==> 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
New Fortress Energy has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
New Fortress Energy (MEX:NFE) has a Piotroski F-Score of 2 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on New Fortress Energy and its competitors. This is 50% below median its historical median of 4.00. Over the past decade, New Fortress Energy's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, New Fortress Energy ranks #887 out of 974 companies in the Oil & Gas industry, placing it in the top 91.1%.
Is New Fortress Energy's Piotroski F-Score too high?
New Fortress Energy's current Piotroski F-Score of 2 is 50% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Oil & Gas industry median Piotroski F-Score is 5.00. New Fortress Energy's value of 2 is 60% below this industry median. Based on the distribution chart, New Fortress Energy ranks #887 out of 974 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, New Fortress Energy has a GF Score™ of 23/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does New Fortress Energy's Piotroski F-Score compare to TORO and DLNG?
According to the Oil & Gas industry distribution chart, New Fortress Energy ranks #887 out of 974 companies for Piotroski F-Score. This places New Fortress Energy in the lower half of its industry. The industry median Piotroski F-Score is 5.00. New Fortress Energy's value of 2 is 60% below this benchmark. Historically, New Fortress Energy's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, New Fortress Energy 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 an Oil & Gas company?
The median Piotroski F-Score among Oil & Gas companies is 5.00, based on 974 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. New Fortress Energy's current Piotroski F-Score of 2 is 60% 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 New Fortress Energy and its competitors. For the Oil & Gas 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. New Fortress Energy's current Piotroski F-Score is 2, which is 50% below median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Fortress Energy stock overvalued right now?
Based on GuruFocus' analysis, New Fortress Energy (MEX:NFE) is currently considered Possible Value Trap. The stock's GF Value™ is MXN148.62, compared to a current price of MXN12.50 — trading 91.6% below its estimated fair value. The current Piotroski F-Score is 2, which is 50% below median its 10-year median of 4.00 and 60% below the Oil & Gas industry median of 5.00. New Fortress Energy's overall GF Score™ is 23/100 with 10 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 New Fortress Energy (MEX:NFE), the current Piotroski F-Score is 2 as of Jun. 26, 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 New Fortress Energy (MEX:NFE) Overvalued in 2026?
Based on GuruFocus' analysis, New Fortress Energy stock appears to be undervalued.
The current stock price of MXN12.50 is trading 91.6% below its estimated GF Value™ of MXN148.62.
GuruFocus considers New Fortress Energy to be Possible Value Trap.
Key valuation signals for MEX:NFE:
Piotroski F-Score: 2 (50% below median its 10-year median of 4.00)
GF Value™: MXN148.62 vs. price of MXN12.50 (91.6% below fair value)
Industry Position: 60% below the Oil & Gas median (#887 of 974)
No single metric tells the full story. See the MEX:NFE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
New Fortress Energy Inc is an integrated gas-to-power company. It owns and operates natural gas and liquefied natural gas (LNG) infrastructure, and an integrated fleet of ships and logistics assets to deliver turnkey energy solutions to markets globally. The company's reportable segments are: Terminals and Infrastructure, and Ships. Maximum revenue is generated from the Terminals and Infrastructure segment, which includes vertically integrated gas-to-power solutions, spanning the entire production and delivery chain from natural gas procurement and liquefaction to logistics, shipping, facilities, and conversion or development of natural gas-fired power generation. Vessels that are utilized in the company's terminal, logistics, or sub-charter operations are included in this segment.
23GF Score
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