PCTNF (Picton Propertyome) Piotroski F-Score: 3 (As of Jun. 28, 2026) — 40% Below Median


PCTNF Picton Property Income Ltd PCTNF
38 GF Score
Price $0.94
! 3 Warning Signs
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What is Picton Propertyome Piotroski F-Score?

Picton Propertyome PCTNF 38 Piotroski F-Score is 3 as of Jun. 28, 2026, which is 40% below its 10-year median of 5.00. GuruFocus rates PCTNF with a GF Score™ of 38/100. The stock has 3 warning signs investors should review. Among 891 REITs companies, Picton Propertyome ranks worse than 89.34% on this metric.

Warning Sign:

Piotroski F-Score of 3 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

Picton Propertyome has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Picton Propertyome's Piotroski F-Score or its related term are showing as below:

PCTNF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 3

During the past 13 years, the highest Piotroski F-Score of Picton Propertyome was 8. The lowest was 3. And the median was 5.

Picton Propertyome  (OTCPK:PCTNF) 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.


Picton Propertyome Piotroski F-Score Related Terms


Picton Propertyome Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Picton Propertyome'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.

Picton Propertyome Piotroski F-Score Chart

Picton Propertyome Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 5.00 4.00 8.00 3.00

Picton Propertyome Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 4.00 0.00 8.00 0.00 3.00

PCTNF vs VICI, WPC: Piotroski F-Score Comparison

For the REIT - Diversified subindustry, Picton Propertyome'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.


Picton Propertyome Piotroski F-Score vs REITs Industry

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

* The bar in red indicates where Picton Propertyome's Piotroski F-Score falls into.


PCTNF
38GF Score
Picton Property Income Ltd PCTNF
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 $34.47 Mil.
Cash Flow from Operations was $28.83 Mil.
Revenue was $65.56 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (987.907 + 1002.204) / 2 = $995.0555 Mil.
Total Assets at the begining of this year (Mar25) was $987.91 Mil.
Long-Term Debt & Capital Lease Obligation was $280.49 Mil.
Total Assets was $1,002.20 Mil.
Total Liabilities was $306.23 Mil.
Net Income was $48.22 Mil.

Revenue was $78.89 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (983.375 + 987.907) / 2 = $985.641 Mil.
Total Assets at the begining of last year (Mar24) was $983.38 Mil.
Long-Term Debt & Capital Lease Obligation was $272.89 Mil.
Total Assets was $987.91 Mil.
Total Liabilities was $298.79 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.

Picton Propertyome's current Net Income (TTM) was 34.47. ==> 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.

Picton Propertyome's current Cash Flow from Operations (TTM) was 28.83. ==> 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)
=34.472/987.907
=0.03489397

ROA (Last Year)=Net Income/Total Assets (Mar24)
=48.221/983.375
=0.04903623

Picton Propertyome's return on assets of this year was 0.03489397. Picton Propertyome's return on assets of last year was 0.04903623. ==> Last year is higher ==> Score 0.

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.

Picton Propertyome's current Net Income (TTM) was 34.47. Picton Propertyome's current Cash Flow from Operations (TTM) was 28.83. ==> 28.83 <= 34.47 ==> 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
=280.491/995.0555
=0.28188478

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=272.886/985.641
=0.27686145

Picton Propertyome's gearing of this year was 0.28188478. Picton Propertyome's gearing of last year was 0.27686145. ==> 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

* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.

Current Ratio (This Year: Mar26)=Total Assets/Total Liabilities
=1002.204/306.227
=3.27274865

Current Ratio (Last Year: Mar25)=Total Assets/Total Liabilities
=987.907/298.788
=3.30638111

Picton Propertyome's current ratio of this year was 3.27274865. Picton Propertyome's current ratio of last year was 3.30638111. ==> 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.

Picton Propertyome's number of shares in issue this year was 521.209. Picton Propertyome's number of shares in issue last year was 545.502. ==> 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.

* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.

Net Margin (This Year: TTM)=Net Income/Revenue
=34.472/65.563
=0.52578436

Net Margin (Last Year: TTM)=Net Income/Revenue
=48.221/78.89
=0.6112435

Picton Propertyome's net margin of this year was 0.52578436. Picton Propertyome's net margin of last year was 0.6112435. ==> Last year's net 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 (Mar25)
=65.563/987.907
=0.06636556

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=78.89/983.375
=0.08022372

Picton Propertyome's asset turnover of this year was 0.06636556. Picton Propertyome's asset turnover of last year was 0.08022372. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+0+0+0+1+0+0
=3

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

Picton Propertyome has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
Picton Propertyome (PCTNF) has a Piotroski F-Score of 3 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Picton Propertyome and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, Picton Propertyome's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Picton Propertyome ranks #796 out of 891 companies in the REITs industry, placing it in the top 89.3%.
Is Picton Propertyome's Piotroski F-Score too high?
Picton Propertyome's current Piotroski F-Score of 3 is 40% below 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 8.00. The REITs industry median Piotroski F-Score is 6.00. Picton Propertyome's value of 3 is 50% below this industry median. Based on the distribution chart, Picton Propertyome ranks #796 out of 891 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Picton Propertyome has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Picton Propertyome's Piotroski F-Score compare to VICI and WPC?
According to the REITs industry distribution chart, Picton Propertyome ranks #796 out of 891 companies for Piotroski F-Score. This places Picton Propertyome in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Picton Propertyome's value of 3 is 50% below this benchmark. Historically, Picton Propertyome'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 5.00 vs. the industry median of 6.00, Picton Propertyome 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 891 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. Picton Propertyome's current Piotroski F-Score of 3 is 50% 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 Picton Propertyome 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. Picton Propertyome's current Piotroski F-Score is 3, which is 40% below 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 Picton Propertyome stock overvalued right now?
Picton Propertyome (PCTNF) has a current Piotroski F-Score of 3. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 50% below the REITs industry median of 6.00. Picton Propertyome's overall GF Score™ is 38/100 with 3 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 Picton Propertyome (PCTNF), the current Piotroski F-Score is 3 as of Jun. 28, 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.

Picton Propertyome Business Description

Industry Real EstateREITs
Other Exchanges PCTNl:UKPCTN:UK
Address Admiral Park, Ground Floor, Plaza House, Saint Peter Port, GGY, GY1 2HU
Picton Property Income Ltd is a UK Real Estate Investment Trust that invests in commercial property across the United Kingdom. It owns a property portfolio consisting of assets invested across the main commercial property sectors: Industrial, Office, Retail, and Leisure. The portfolio is invested in the industrial and office sectors and is biased towards London and the South East. Some of the properties include Parkbury Industrial Estate, River Way Industrial Estate, Angel Gate, Stanford House, Tower Wharf, and others.
38GF Score

Get the complete analysis for PCTNF

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

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