New England Realty Associates LPNEN +0.93%64 Piotroski F-Score is 4 as of Jun. 25, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates NEN with a GF Score™ of 64/100 and a GF Value™ of $91.43 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,756 Real Estate companies, New England Realty Associates LP ranks worse than 61.96% 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
New England Realty Associates LP has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for New England Realty Associates LP's Piotroski F-Score or its related term are showing as below:
NEN'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 8
Current: 4
During the past 13 years, the highest Piotroski F-Score of New England Realty Associates LP was 8. The lowest was 4. And the median was 6.
New England Realty Associates LP (AMEX:NEN) 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 England Realty Associates LP Piotroski F-Score Related Terms
New England Realty Associates LP Piotroski F-Score Historical Data
* 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.
New England Realty Associates LP Piotroski F-Score Chart
NEN vs RMAX, ARL, DOUG: Piotroski F-Score Comparison
For the Real Estate Services subindustry, New England Realty Associates LP'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 England Realty Associates LP Piotroski F-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, New England Realty Associates LP's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where New England Realty Associates LP'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.
*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 England Realty Associates LP's current Net Income (TTM) was -1.67.
==> 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 England Realty Associates LP's current Cash Flow from Operations (TTM) was 24.49.
==> 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.
New England Realty Associates LP's return on assets of this year was -0.004343. New England Realty Associates LP's return on assets of last year was 0.04195786.
==> 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 England Realty Associates LP's gearing of this year was 1.10508732. New England Realty Associates LP's gearing of last year was 1.04654536.
==> Last year is lower than this year ==> Score 0.
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 England Realty Associates LP's current ratio of this year was 1.04736608. New England Realty Associates LP's current ratio of last year was 2.26195482.
==> 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 England Realty Associates LP's number of shares in issue this year was 3.523. New England Realty Associates LP's number of shares in issue last year was 3.536.
==> 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.
New England Realty Associates LP's gross margin of this year was 0.66186103. New England Realty Associates LP's gross margin of last year was 0.67357277.
==> 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 England Realty Associates LP's asset turnover of this year was 0.24056249. New England Realty Associates LP's asset turnover of last year was 0.21335443.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
New England Realty Associates LP has an F-score of 4 indicating the company's financial situation is typical for a stable company.
New England Realty Associates LP (NEN) has a Piotroski F-Score of 4 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on New England Realty Associates LP and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, New England Realty Associates LP's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, New England Realty Associates LP ranks #1088 out of 1756 companies in the Real Estate industry, placing it in the top 62%.
Is New England Realty Associates LP's Piotroski F-Score too high?
New England Realty Associates LP's current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Real Estate industry median Piotroski F-Score is 5.00. New England Realty Associates LP's value of 4 is 20% below this industry median. Based on the distribution chart, New England Realty Associates LP ranks #1088 out of 1756 companies in the Real Estate industry, which is below the industry midpoint. Overall, New England Realty Associates LP has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does New England Realty Associates LP's Piotroski F-Score compare to RMAX and ARL?
According to the Real Estate industry distribution chart, New England Realty Associates LP ranks #1088 out of 1756 companies for Piotroski F-Score. This places New England Realty Associates LP in the lower half of its industry. The industry median Piotroski F-Score is 5.00. New England Realty Associates LP's value of 4 is 20% below this benchmark. Historically, New England Realty Associates LP's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, New England Realty Associates LP 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 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. New England Realty Associates LP's current Piotroski F-Score of 4 is 20% 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 England Realty Associates LP 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. New England Realty Associates LP's current Piotroski F-Score is 4, which is 33% 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 New England Realty Associates LP stock overvalued right now?
Based on GuruFocus' analysis, New England Realty Associates LP (NEN) is currently considered Possible Value Trap. The stock's GF Value™ is $91.43, compared to a current price of $59.60 — trading 34.8% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Real Estate industry median of 5.00. New England Realty Associates LP's overall GF Score™ is 64/100 with 5 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 England Realty Associates LP (NEN), the current Piotroski F-Score is 4 as of Jun. 25, 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 England Realty Associates LP (NEN) Overvalued in 2026?
Based on GuruFocus' analysis, New England Realty Associates LP stock appears to be undervalued.
The current stock price of $59.60 is trading 34.8% below its estimated GF Value™ of $91.43.
GuruFocus considers New England Realty Associates LP to be Possible Value Trap.
Key valuation signals for NEN:
Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
GF Value™: $91.43 vs. price of $59.60 (34.8% below fair value)
Industry Position: 20% below the Real Estate median (#1088 of 1756)
No single metric tells the full story. See the NEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
New England Realty Associates LP Business Description
New England Realty Associates LP is engaged in the business of acquiring, developing, holding for investment, operating, and selling real estate. The Partnership owns and operates various residential apartments, condominium units, and commercial properties located in Massachusetts and New Hampshire. The company generates revenue from rental income from residential and commercial properties recognized over the term of the related lease. The long-term goals of the Partnership are to manage, rent, and improve its properties and to acquire additional properties with income and capital appreciation potential as suitable opportunities arise.
64GF Score
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