GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Gaming and Leisure Properties Inc (NAS:GLPI) » Definitions » Piotroski F-Score

GLPI (Gaming and Leisure Properties) Piotroski F-Score : 7 (As of Jul. 18, 2025)


View and export this data going back to 2013. Start your Free Trial

What is Gaming and Leisure Properties Piotroski F-Score?

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

Gaming and Leisure Properties 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 Gaming and Leisure Properties's Piotroski F-Score or its related term are showing as below:

GLPI' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Gaming and Leisure Properties was 8. The lowest was 4. And the median was 6.


Gaming and Leisure Properties Piotroski F-Score Historical Data

The historical data trend for Gaming and Leisure Properties'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.

* Premium members only.

Gaming and Leisure Properties Piotroski F-Score Chart

Gaming and Leisure Properties Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 5.00 7.00 7.00 5.00

Gaming and Leisure Properties Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 6.00 7.00 5.00 7.00

Competitive Comparison of Gaming and Leisure Properties's Piotroski F-Score

For the REIT - Specialty subindustry, Gaming and Leisure Properties'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.


Gaming and Leisure Properties's Piotroski F-Score Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Gaming and Leisure Properties's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Gaming and Leisure Properties's Piotroski F-Score falls into.


;
;

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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was 208.25 + 184.694 + 217.212 + 165.184 = $775 Mil.
Cash Flow from Operations was 252.085 + 270.4 + 292.413 + 252.492 = $1,067 Mil.
Revenue was 380.626 + 385.341 + 389.615 + 395.235 = $1,551 Mil.
Gross Profit was 368.756 + 373.583 + 377.387 + 381.68 = $1,501 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(11784.021 + 11777.168 + 12680.997 + 13330.77 + 12132.521) / 5 = $12341.0954 Mil.
Total Assets at the begining of this year (Mar24) was $11,784 Mil.
Long-Term Debt & Capital Lease Obligation was $7,194 Mil.
Total Current Assets was $2,643 Mil.
Total Current Liabilities was $300 Mil.
Net Income was 155.63 + 184.01 + 211.292 + 174.464 = $725 Mil.

Revenue was 356.589 + 359.56 + 369.029 + 375.964 = $1,461 Mil.
Gross Profit was 344.697 + 349.341 + 357.225 + 364.146 = $1,415 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(11116.095 + 11031.937 + 11235.621 + 11806.658 + 11784.021) / 5 = $11394.8664 Mil.
Total Assets at the begining of last year (Mar23) was $11,116 Mil.
Long-Term Debt & Capital Lease Obligation was $6,881 Mil.
Total Current Assets was $2,793 Mil.
Total Current Liabilities was $363 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.

Gaming and Leisure Properties's current Net Income (TTM) was 775. ==> 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.

Gaming and Leisure Properties's current Cash Flow from Operations (TTM) was 1,067. ==> 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 (Mar24)
=775.34/11784.021
=0.06579588

ROA (Last Year)=Net Income/Total Assets (Mar23)
=725.396/11116.095
=0.06525637

Gaming and Leisure Properties's return on assets of this year was 0.06579588. Gaming and Leisure Properties's return on assets of last year was 0.06525637. ==> 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.

Gaming and Leisure Properties's current Net Income (TTM) was 775. Gaming and Leisure Properties's current Cash Flow from Operations (TTM) was 1,067. ==> 1,067 > 775 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=7194.264/12341.0954
=0.58295182

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=6881.07/11394.8664
=0.60387457

Gaming and Leisure Properties's gearing of this year was 0.58295182. Gaming and Leisure Properties's gearing of last year was 0.60387457. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=2642.824/300.003
=8.80932524

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=2792.791/362.878
=7.69622573

Gaming and Leisure Properties's current ratio of this year was 8.80932524. Gaming and Leisure Properties's current ratio of last year was 7.69622573. ==> 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.

Gaming and Leisure Properties's number of shares in issue this year was 275.403. Gaming and Leisure Properties's number of shares in issue last year was 272.026. ==> 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
=1501.406/1550.817
=0.96813873

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1415.409/1461.142
=0.96870051

Gaming and Leisure Properties's gross margin of this year was 0.96813873. Gaming and Leisure Properties's gross margin of last year was 0.96870051. ==> 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 (Mar24)
=1550.817/11784.021
=0.13160338

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=1461.142/11116.095
=0.13144382

Gaming and Leisure Properties's asset turnover of this year was 0.13160338. Gaming and Leisure Properties's asset turnover of last year was 0.13144382. ==> 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+0+0+1
=7

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

Gaming and Leisure Properties has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Gaming and Leisure Properties  (NAS:GLPI) 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.


Gaming and Leisure Properties Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of Gaming and Leisure Properties's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Gaming and Leisure Properties Business Description

Traded in Other Exchanges
Address
845 Berkshire Boulevard, Suite 200, Wyomissing, PA, USA, 19610
Gaming and Leisure Properties Inc, or GLP, is a self-administered and self-managed Pennsylvania real estate investment trust (REIT). It is engaged in acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. Its portfolio consists of gaming and related facilities and amenities such as Ameristar Black Hawk, Bally's Casino, Argosy Casino Alton, Bally's Chicago, Hollywood Casino Aurora, and others located across different states in the United States.
Executives
E Scott Urdang director 845 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610
Matthew Demchyk officer: SVP, Investments 845 BERKSHIRE BOULEVARD, WYOMISSING PA 19610
Steven Ladany officer: SVP Chief Development Officer 845 BERKSHIRE BLVD., SUITE 200, WYOMISSING PA 19610
Brandon John Moore officer: SVP & General Counsel 845 BERKSHIRE BLVD., SUITE 200, WYOMISSING PA 19610
Desiree A. Burke officer: Chief Accounting Officer 845 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610
Barry F Schwartz director 35 EAST 62ND ST, NEW YORK NY 10021
Joanne A. Epps director, Director C/O PENN, REAL ESTATE INVESTMENT TRUST, THE BELLEVUE, 200 S. BROAD STREET, PHILADELPHIA PA 19102
Earl C Shanks director CONVERGYS CORPORATION, 201 EAST FOURTH STREET, CINCINNATI OH 45202
Peter M Carlino director, officer: CEO & President 845 BERKSHIRE BLVD, SUITE 200, WYOMISSING PA 19610
Carol Lynton director C/O EL POLLO HOLDINGS, INC., 3535 HARBOR BOULEVARD, SUITE 100, COSTA MESA CA 92626
Marshall Joseph W Iii director 500 OFFICE CENTER DRIVE, SUITE 400, FT. WASHINGTON PA 19034
David A Handler director 845 BERKSHIRE BLVD, SUITE 200, WYOMISSING PA 19610
William J Clifford officer: CFO, Sec. & Treas. 845 BERKSHIRE BLVD. SUITE 200, WYOMISSING PA 19610
James Perry director
Steven T. Snyder officer: SR VP-Corp Development 845 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610