TKCM (Token Communities) Piotroski F-Score: 3 (As of Jul. 01, 2026) — 40% Below Median


What is Token Communities Piotroski F-Score?

Token Communities TKCM Piotroski F-Score is 3 as of Jul. 01, 2026, which is 40% below its 10-year median of 5.00. The stock has 6 warning signs investors should review. Among 1,757 Real Estate companies, Token Communities ranks worse than 81.22% 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

Token Communities 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 Token Communities's Piotroski F-Score or its related term are showing as below:

TKCM' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 5
Current: 3

During the past 9 years, the highest Piotroski F-Score of Token Communities was 5. The lowest was 2. And the median was 5.

Token Communities  (OTCPK:TKCM) 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.


Token Communities Piotroski F-Score Related Terms


Token Communities Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Token Communities'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.

Token Communities Piotroski F-Score Chart

Token Communities Annual Data
Trend Jun16 Jun17 Jun18 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 2.00 5.00 5.00 5.00 3.00

Token Communities Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25
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 5.00 5.00 5.00 5.00 3.00

TKCM vs GMPW, AOXY, BRST: Piotroski F-Score Comparison

For the Real Estate - Development subindustry, Token Communities'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.


Token Communities Piotroski F-Score vs Real Estate Industry

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

* The bar in red indicates where Token Communities'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 (Jun25) TTM:Last Year (Jun24) TTM:
Net Income was -0.078 + -0.106 + -0.094 + -0.186 = $-0.46 Mil.
Cash Flow from Operations was 0.089 + -0.829 + -1.202 + -0.372 = $-2.31 Mil.
Revenue was 0.02 + 0.009 + 0.005 + 0.322 = $0.36 Mil.
Gross Profit was 0.02 + 0.009 + 0.005 + -0.016 = $0.02 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was
(3.988 + 4.712 + 5.25 + 6.247 + 6.038) / 5 = $5.247 Mil.
Total Assets at the begining of this year (Jun24) was $3.99 Mil.
Long-Term Debt & Capital Lease Obligation was $8.17 Mil.
Total Current Assets was $5.88 Mil.
Total Current Liabilities was $3.07 Mil.
Net Income was -0.037 + -0.055 + -0.02 + 1.389 = $1.28 Mil.

Revenue was 0.002 + 0 + 0 + 2.427 = $2.43 Mil.
Gross Profit was 0.002 + 0 + 0 + 1.192 = $1.19 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was
(0.001 + 0.109 + 0.114 + 0.016 + 3.988) / 5 = $0.8456 Mil.
Total Assets at the begining of last year (Jun23) was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $5.04 Mil.
Total Current Assets was $3.99 Mil.
Total Current Liabilities was $3.69 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.

Token Communities's current Net Income (TTM) was -0.46. ==> 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.

Token Communities's current Cash Flow from Operations (TTM) was -2.31. ==> Negative ==> Score 0.

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 (Jun24)
=-0.464/3.988
=-0.11634905

ROA (Last Year)=Net Income/Total Assets (Jun23)
=1.277/0.001
=1277

Token Communities's return on assets of this year was -0.11634905. Token Communities's return on assets of last year was 1277. ==> 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.

Token Communities's current Net Income (TTM) was -0.46. Token Communities's current Cash Flow from Operations (TTM) was -2.31. ==> -2.31 <= -0.46 ==> 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: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=8.171/5.247
=1.55727082

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=5.036/0.8456
=5.95553453

Token Communities's gearing of this year was 1.55727082. Token Communities's gearing of last year was 5.95553453. ==> 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: Jun25)=Total Current Assets/Total Current Liabilities
=5.881/3.071
=1.9150114

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=3.988/3.692
=1.08017335

Token Communities's current ratio of this year was 1.9150114. Token Communities's current ratio of last year was 1.08017335. ==> 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.

Token Communities's number of shares in issue this year was 2095.671. Token Communities's number of shares in issue last year was 2095.671. ==> 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
=0.018/0.356
=0.0505618

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1.194/2.429
=0.49156031

Token Communities's gross margin of this year was 0.0505618. Token Communities's gross margin of last year was 0.49156031. ==> 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 (Jun24)
=0.356/3.988
=0.0892678

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=2.429/0.001
=2429

Token Communities's asset turnover of this year was 0.0892678. Token Communities's asset turnover of last year was 2429. ==> 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
=0+0+0+0+1+1+1+0+0
=3

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

Token Communities 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?
Token Communities (TKCM) has a Piotroski F-Score of 3 as of Jul. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Token Communities and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, Token Communities' Piotroski F-Score has ranged from 2.00 to 5.00. According to the industry distribution chart, Token Communities ranks #1427 out of 1757 companies in the Real Estate industry, placing it in the top 81.2%.
Is Token Communities' Piotroski F-Score too high?
Token Communities' 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 2.00 to a high of 5.00. The Real Estate industry median Piotroski F-Score is 5.00. Token Communities' value of 3 is 40% below this industry median. Based on the distribution chart, Token Communities ranks #1427 out of 1757 companies in the Real Estate industry, which is in the bottom quartile relative to peers.
How does Token Communities' Piotroski F-Score compare to GMPW and AOXY?
According to the Real Estate industry distribution chart, Token Communities ranks #1427 out of 1757 companies for Piotroski F-Score. This places Token Communities in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Token Communities' value of 3 is 40% below this benchmark. Historically, Token Communities' own Piotroski F-Score has ranged from 2.00 to 5.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Token Communities 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 1,757 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. Token Communities's current Piotroski F-Score of 3 is 40% 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 Token Communities 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. Token Communities'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 Token Communities stock overvalued right now?
Token Communities (TKCM) 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 40% below the Real Estate industry median of 5.00. 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 Token Communities (TKCM), the current Piotroski F-Score is 3 as of Jul. 01, 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.

Token Communities Business Description

Address 850 Tidewater Shore Loop, Suite 402, Bradenton, FL, USA, 34208
Token Communities Ltd is engaged in real estate development, mainly focusing on luxury waterfront residential properties in southwest Florida through its subsidiary, ASC Global Inc. The company owns and develops premium waterfront homesites in areas such as Sarasota and Charlotte County. It is also in the preliminary stages of developing a mixed-use APOZ (Asia Pacific Opportunity Zone) project in the Greater Houston Area, which is expected to include industrial, commercial, and residential components.