Fast Ejendom Danmark AS (OCSE:FED) Piotroski F-Score: 8 (As of Jul. 04, 2026) — 33% Above Median


OCSE:FED Fast Ejendom Danmark AS OCSE:FED
66 GF Score
Price kr224.00
GF Value kr171.86
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Fast Ejendom Danmark AS Piotroski F-Score?

Fast Ejendom Danmark AS OCSE:FED +0.90% 66 Piotroski F-Score is 8 as of Jul. 04, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates OCSE:FED with a GF Score™ of 66/100 and a GF Value™ of kr171.86 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,755 Real Estate companies, Fast Ejendom Danmark AS ranks better than 98.63% 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

Fast Ejendom Danmark AS 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 Fast Ejendom Danmark AS's Piotroski F-Score or its related term are showing as below:

OCSE:FED' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Fast Ejendom Danmark AS was 8. The lowest was 3. And the median was 6.

Fast Ejendom Danmark AS  (OCSE:FED) 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.


Fast Ejendom Danmark AS Piotroski F-Score Related Terms


Fast Ejendom Danmark AS Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Fast Ejendom Danmark AS'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.

Fast Ejendom Danmark AS Piotroski F-Score Chart

Fast Ejendom Danmark AS 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 7.00 6.00 3.00 6.00 8.00

Fast Ejendom Danmark AS 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 7.00 6.00 5.00 8.00 8.00

OCSE:FED vs CBRE, BEKE, JLL: Piotroski F-Score Comparison

For the Real Estate Services subindustry, Fast Ejendom Danmark AS'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.


Fast Ejendom Danmark AS Piotroski F-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Fast Ejendom Danmark AS's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Fast Ejendom Danmark AS's Piotroski F-Score falls into.


OCSE:FED
66GF Score
Fast Ejendom Danmark AS OCSE:FED
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 12.701 + 7.58 + 63.354 + 12.004 = kr95.6 Mil.
Cash Flow from Operations was 7.572 + 15.1 + 12.716 + 7.915 = kr43.3 Mil.
Revenue was 29.251 + 28.6 + 93.662 + 28.633 = kr180.1 Mil.
Gross Profit was 30.883 + 21.605 + 75.182 + 23.912 = kr151.6 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1634.582 + 1673.956 + 1669.825 + 1718.993 + 1723.845) / 5 = kr1684.2402 Mil.
Total Assets at the begining of this year (Mar25) was kr1,634.6 Mil.
Long-Term Debt & Capital Lease Obligation was kr703.4 Mil.
Total Current Assets was kr83.4 Mil.
Total Current Liabilities was kr59.9 Mil.
Net Income was 21.08 + 21.47 + 16.549 + 10.512 = kr69.6 Mil.

Revenue was 25.762 + 26.381 + 80.33 + 27.239 = kr159.7 Mil.
Gross Profit was 42.24 + 42.867 + 21.842 + 22.837 = kr129.8 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1565.411 + 1605.429 + 1622.056 + 1626.205 + 1634.582) / 5 = kr1610.7366 Mil.
Total Assets at the begining of last year (Mar24) was kr1,565.4 Mil.
Long-Term Debt & Capital Lease Obligation was kr742.0 Mil.
Total Current Assets was kr25.4 Mil.
Total Current Liabilities was kr33.1 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.

Fast Ejendom Danmark AS's current Net Income (TTM) was 95.6. ==> 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.

Fast Ejendom Danmark AS's current Cash Flow from Operations (TTM) was 43.3. ==> 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)
=95.639/1634.582
=0.05850976

ROA (Last Year)=Net Income/Total Assets (Mar24)
=69.611/1565.411
=0.04446819

Fast Ejendom Danmark AS's return on assets of this year was 0.05850976. Fast Ejendom Danmark AS's return on assets of last year was 0.04446819. ==> 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.

Fast Ejendom Danmark AS's current Net Income (TTM) was 95.6. Fast Ejendom Danmark AS's current Cash Flow from Operations (TTM) was 43.3. ==> 43.3 <= 95.6 ==> CFROA <= ROA ==> Score 0.

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
=703.433/1684.2402
=0.41765599

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=742.026/1610.7366
=0.46067495

Fast Ejendom Danmark AS's gearing of this year was 0.41765599. Fast Ejendom Danmark AS's gearing of last year was 0.46067495. ==> 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
=83.432/59.945
=1.39180916

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=25.426/33.052
=0.76927266

Fast Ejendom Danmark AS's current ratio of this year was 1.39180916. Fast Ejendom Danmark AS's current ratio of last year was 0.76927266. ==> 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.

Fast Ejendom Danmark AS's number of shares in issue this year was 2.563. Fast Ejendom Danmark AS's number of shares in issue last year was 2.607. ==> 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
=151.582/180.146
=0.84143972

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=129.786/159.712
=0.81262523

Fast Ejendom Danmark AS's gross margin of this year was 0.84143972. Fast Ejendom Danmark AS's gross margin of last year was 0.81262523. ==> This year's gross margin is higher. ==> Score 1.

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)
=180.146/1634.582
=0.11020922

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=159.712/1565.411
=0.1020256

Fast Ejendom Danmark AS's asset turnover of this year was 0.11020922. Fast Ejendom Danmark AS's asset turnover of last year was 0.1020256. ==> 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+0+1+1+1+1+1
=8

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

Fast Ejendom Danmark AS 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?
Fast Ejendom Danmark AS (OCSE:FED) has a Piotroski F-Score of 8 as of Jul. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Fast Ejendom Danmark AS and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Fast Ejendom Danmark AS's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Fast Ejendom Danmark AS ranks #24 out of 1755 companies in the Real Estate industry, placing it in the top 1.4%.
Is Fast Ejendom Danmark AS's Piotroski F-Score too high?
Fast Ejendom Danmark AS's current Piotroski F-Score of 8 is 33% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Real Estate industry median Piotroski F-Score is 5.00. Fast Ejendom Danmark AS's value of 8 is 60% above this industry median. Based on the distribution chart, Fast Ejendom Danmark AS ranks #24 out of 1755 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Fast Ejendom Danmark AS has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fast Ejendom Danmark AS's Piotroski F-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Fast Ejendom Danmark AS ranks #24 out of 1755 companies for Piotroski F-Score. This places Fast Ejendom Danmark AS in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Fast Ejendom Danmark AS's value of 8 is 60% above this benchmark. Historically, Fast Ejendom Danmark AS'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 6.00 vs. the industry median of 5.00, Fast Ejendom Danmark AS 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,755 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. Fast Ejendom Danmark AS's current Piotroski F-Score of 8 is 60% 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 Fast Ejendom Danmark AS 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. Fast Ejendom Danmark AS's current Piotroski F-Score is 8, which is 33% above 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 Fast Ejendom Danmark AS stock overvalued right now?
Based on GuruFocus' analysis, Fast Ejendom Danmark AS (OCSE:FED) is currently considered Modestly Overvalued. The stock's GF Value™ is kr171.86, compared to a current price of kr224.00 — trading 30.3% above its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Real Estate industry median of 5.00. Fast Ejendom Danmark AS's overall GF Score™ is 66/100 with 6 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 Fast Ejendom Danmark AS (OCSE:FED), the current Piotroski F-Score is 8 as of Jul. 04, 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 Fast Ejendom Danmark AS (OCSE:FED) Overvalued in 2026?

Based on GuruFocus' analysis, Fast Ejendom Danmark AS stock appears to be overvalued. The current stock price of kr224.00 is trading 30.3% above its estimated GF Value™ of kr171.86. GuruFocus considers Fast Ejendom Danmark AS to be Modestly Overvalued.

Key valuation signals for OCSE:FED:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: kr171.86 vs. price of kr224.00 (30.3% above fair value)
  • GF Score™: 66/100 with 6 warning signs
  • Industry Position: 60% above the Real Estate median (#24 of 1755)

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


Fast Ejendom Danmark AS Business Description

Other Exchanges 0QIV:UK
Address Ringager 4A, Brondby, DNK, 2605
Fast Ejendom Danmark AS Is a real estate investment firm. It invests in commercial and residential properties and mixed buildings with residential and commercial. The main activities are investment, letting, development, operational optimization and administration of the portfolio.
66GF Score

Get the complete analysis for OCSE:FED

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

kr224.00
Price
kr171.86
GF Value