Frontier Group HoldingsULCC +8.48%75 Piotroski F-Score is 1 as of Jun. 26, 2026, which is 67% below its 10-year median of 3.00. GuruFocus rates ULCC with a GF Score™ of 75/100 and a GF Value™ of $5.54 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 979 Transportation companies, Frontier Group Holdings ranks worse than 99.08% on this metric.
Warning Sign:
Piotroski F-Score of 1 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
Frontier Group Holdings has an F-score of 1. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Frontier Group Holdings's Piotroski F-Score or its related term are showing as below:
ULCC'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 3 Max: 6
Current: 1
During the past 11 years, the highest Piotroski F-Score of Frontier Group Holdings was 6. The lowest was 1. And the median was 3.
Frontier Group Holdings (NAS:ULCC) 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.
Frontier Group Holdings Piotroski F-Score Related Terms
Frontier Group Holdings Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Frontier Group Holdings'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.
ULCC vs RJET, JBLU, ALGT: Piotroski F-Score Comparison
For the Airlines subindustry, Frontier Group Holdings'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.
Frontier Group Holdings Piotroski F-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Frontier Group Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Frontier Group Holdings'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.
Frontier Group Holdings's current Net Income (TTM) was -366.
==> 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.
Frontier Group Holdings's current Cash Flow from Operations (TTM) was -399.
==> 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.
Frontier Group Holdings's return on assets of this year was -0.05647277. Frontier Group Holdings's return on assets of last year was 0.01306185.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Frontier Group Holdings's gearing of this year was 0.62089385. Frontier Group Holdings's gearing of last year was 0.654403.
==> 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
Frontier Group Holdings's current ratio of this year was 0.49061662. Frontier Group Holdings's current ratio of last year was 0.4907312.
==> 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.
Frontier Group Holdings's number of shares in issue this year was 229.417. Frontier Group Holdings's number of shares in issue last year was 226.991.
==> 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.
Frontier Group Holdings's gross margin of this year was -0.0544164. Frontier Group Holdings's gross margin of last year was 0.05023548.
==> 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
Frontier Group Holdings's asset turnover of this year was 0.58694646. Frontier Group Holdings's asset turnover of last year was 0.7341529.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Frontier Group Holdings has an F-score of 1. It is a bad or low score, which usually implies poor business operation.
Frontier Group Holdings (ULCC) has a Piotroski F-Score of 1 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Frontier Group Holdings and its competitors. This is 67% below median its historical median of 3.00. Over the past decade, Frontier Group Holdings' Piotroski F-Score has ranged from 1.00 to 6.00. According to the industry distribution chart, Frontier Group Holdings ranks #970 out of 979 companies in the Transportation industry, placing it in the top 99.1%.
Is Frontier Group Holdings' Piotroski F-Score too high?
Frontier Group Holdings' current Piotroski F-Score of 1 is 67% below median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 6.00. The Transportation industry median Piotroski F-Score is 6.00. Frontier Group Holdings' value of 1 is 83.3% below this industry median. Based on the distribution chart, Frontier Group Holdings ranks #970 out of 979 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Frontier Group Holdings has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Frontier Group Holdings' Piotroski F-Score compare to RJET and JBLU?
According to the Transportation industry distribution chart, Frontier Group Holdings ranks #970 out of 979 companies for Piotroski F-Score. This places Frontier Group Holdings in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Frontier Group Holdings' value of 1 is 83.3% below this benchmark. Historically, Frontier Group Holdings' own Piotroski F-Score has ranged from 1.00 to 6.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 6.00, Frontier Group Holdings 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 979 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. Frontier Group Holdings's current Piotroski F-Score of 1 is 83.3% 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 Frontier Group Holdings and its competitors. For the Transportation 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. Frontier Group Holdings's current Piotroski F-Score is 1, which is 67% below median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frontier Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Frontier Group Holdings (ULCC) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.54, compared to a current price of $8.06 — trading 45.5% above its estimated fair value. The current Piotroski F-Score is 1, which is 67% below median its 10-year median of 3.00 and 83.3% below the Transportation industry median of 6.00. Frontier Group Holdings' overall GF Score™ is 75/100 with 10 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 Frontier Group Holdings (ULCC), the current Piotroski F-Score is 1 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 Frontier Group Holdings (ULCC) Overvalued in 2026?
Based on GuruFocus' analysis, Frontier Group Holdings stock appears to be overvalued.
The current stock price of $8.06 is trading 45.5% above its estimated GF Value™ of $5.54.
GuruFocus considers Frontier Group Holdings to be Significantly Overvalued.
Key valuation signals for ULCC:
Piotroski F-Score: 1 (67% below median its 10-year median of 3.00)
GF Value™: $5.54 vs. price of $8.06 (45.5% above fair value)
Industry Position: 83.3% below the Transportation median (#970 of 979)
No single metric tells the full story. See the ULCC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Frontier Group Holdings Inc is an ultra-low-cost carrier whose business is focused on Low Fares Done Right. The company owns a fleet of 120 Airbus single-aisle aircraft, consisting of 13 A320ceos, 82 A320neos, 21 A321ceos, and 4 A321neos. The use of these aircraft, their seating configuration, weight-saving tactics, and baggage process have all contributed to the ability to continue to be the fuel-efficient of all the U.S. The Company is managed as a single business unit that provides air transportation for passengers. The majority of revenue is from Domestic flight follow by International.
75GF Score
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