NewRiver REITNRWRF 70 Piotroski F-Score is 5 as of Jun. 26, 2026, which is at its 10-year median of 5.00. GuruFocus rates NRWRF with a GF Score™ of 70/100 and a GF Value™ of $1.17 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 888 REITs companies, NewRiver REIT ranks worse than 53.94% 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
NewRiver REIT 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 NewRiver REIT's Piotroski F-Score or its related term are showing as below:
NRWRF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 6
Current: 5
During the past 13 years, the highest Piotroski F-Score of NewRiver REIT was 6. The lowest was 3. And the median was 5.
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.
NewRiver REIT Piotroski F-Score Related Terms
NewRiver REIT Piotroski F-Score Historical Data
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The historical data trend for NewRiver REIT'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.
NRWRF vs SPG, O, KIM: Piotroski F-Score Comparison
For the REIT - Retail subindustry, NewRiver REIT'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.
NewRiver REIT Piotroski F-Score vs REITs Industry
For the REITs industry and Real Estate sector, NewRiver REIT's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where NewRiver REIT'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.
NewRiver REIT's current Net Income (TTM) was 42.3.
==> 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.
NewRiver REIT's return on assets of this year was 0.03103564. NewRiver REIT's return on assets of last year was 0.03172452.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
NewRiver REIT's gearing of this year was 0.50454735. NewRiver REIT's gearing of last year was 0.5649714.
==> 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
NewRiver REIT's current ratio of this year was 2.86244283. NewRiver REIT's current ratio of last year was 1.51086682.
==> 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.
NewRiver REIT's number of shares in issue this year was 448.8. NewRiver REIT's number of shares in issue last year was 378.6.
==> 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.
NewRiver REIT's gross margin of this year was 0.44650531. NewRiver REIT's gross margin of last year was 0.62099637.
==> 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
NewRiver REIT's asset turnover of this year was 0.1107288. NewRiver REIT's asset turnover of last year was 0.1211427.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
NewRiver REIT has an F-score of 5 indicating the company's financial situation is typical for a stable company.
NewRiver REIT (NRWRF) has a Piotroski F-Score of 5 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on NewRiver REIT and its competitors. This is near median its historical median of 5.00. Over the past decade, NewRiver REIT's Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, NewRiver REIT ranks #479 out of 888 companies in the REITs industry, placing it in the top 53.9%.
Is NewRiver REIT's Piotroski F-Score too high?
NewRiver REIT's current Piotroski F-Score of 5 is near 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 6.00. The REITs industry median Piotroski F-Score is 6.00. NewRiver REIT's value of 5 is 16.7% below this industry median. Based on the distribution chart, NewRiver REIT ranks #479 out of 888 companies in the REITs industry, which is below the industry midpoint. Overall, NewRiver REIT has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NewRiver REIT's Piotroski F-Score compare to SPG and O?
According to the REITs industry distribution chart, NewRiver REIT ranks #479 out of 888 companies for Piotroski F-Score. This places NewRiver REIT in the lower half of its industry. The industry median Piotroski F-Score is 6.00. NewRiver REIT's value of 5 is 16.7% below this benchmark. Historically, NewRiver REIT's own Piotroski F-Score has ranged from 3.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, NewRiver REIT 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 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. NewRiver REIT's current Piotroski F-Score of 5 is 16.7% 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 NewRiver REIT 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. NewRiver REIT's current Piotroski F-Score is 5, which is near 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 NewRiver REIT stock overvalued right now?
Based on GuruFocus' analysis, NewRiver REIT (NRWRF) is currently considered Modestly Undervalued. The stock's GF Value™ is $1.17, compared to a current price of $1.02 — trading 12.8% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 16.7% below the REITs industry median of 6.00. NewRiver REIT's overall GF Score™ is 70/100 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 NewRiver REIT (NRWRF), the current Piotroski F-Score is 5 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 NewRiver REIT (NRWRF) Overvalued in 2026?
Based on GuruFocus' analysis, NewRiver REIT stock appears to be undervalued.
The current stock price of $1.02 is trading 12.8% below its estimated GF Value™ of $1.17.
GuruFocus considers NewRiver REIT to be Modestly Undervalued.
Key valuation signals for NRWRF:
Piotroski F-Score: 5 (near median its 10-year median of 5.00)
GF Value™: $1.17 vs. price of $1.02 (12.8% below fair value)
Industry Position: 16.7% below the REITs median (#479 of 888)
No single metric tells the full story. See the NRWRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NewRiver REIT PLC is a real estate investment trust that invests in, manages, and develops retail and leisure properties. The company's property portfolio comprises shopping centers, retail warehouses, and pubs across the United Kingdom. The retail properties contribute a substantial amount to the total revenue, and these are largely located in Yorkshire and Humberside, London, Northeast and Southeast England, Scotland, and Wales. The company generates a majority of its revenue from leasing properties to tenants, which include discount retailers, fashion and accessory stores, groceries, homeware and furniture stores, and dining venues among others.
70GF Score
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