Bul Land Inv ReXBUL:LAND 29 Piotroski F-Score is 9 as of Jun. 30, 2026, which is 80% above its 10-year median of 5.00. GuruFocus rates XBUL:LAND with a GF Score™ of 29/100 and a GF Value™ of €0.74 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 890 REITs companies, Bul Land Inv Re ranks better than 99.89% on this metric.
Good Sign:
Piotroski F-Score is 9, 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
Bul Land Inv Re has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Bul Land Inv Re's Piotroski F-Score or its related term are showing as below:
XBUL:LAND'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 9
Current: 9
During the past 13 years, the highest Piotroski F-Score of Bul Land Inv Re was 9. The lowest was 2. And the median was 5.
Bul Land Inv Re (XBUL:LAND) 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.
Bul Land Inv Re Piotroski F-Score Related Terms
Bul Land Inv Re Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Bul Land Inv Re'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.
XBUL:LAND vs VICI, WPC, BNL: Piotroski F-Score Comparison
For the REIT - Diversified subindustry, Bul Land Inv Re'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.
Bul Land Inv Re Piotroski F-Score vs REITs Industry
For the REITs industry and Real Estate sector, Bul Land Inv Re's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Bul Land Inv Re'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.
Bul Land Inv Re's current Net Income (TTM) was 0.18.
==> 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.
Bul Land Inv Re's return on assets of this year was 0.02022989. Bul Land Inv Re's return on assets of last year was -0.0227553.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Bul Land Inv Re's current ratio of this year was 192.5625. Bul Land Inv Re's current ratio of last year was 28.52054795.
==> 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.
Bul Land Inv Re's number of shares in issue this year was 15.008. Bul Land Inv Re's number of shares in issue last year was 16.453.
==> 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.
Bul Land Inv Re's gross margin of this year was 0.73443983. Bul Land Inv Re's gross margin of last year was 0.67094017.
==> 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
Bul Land Inv Re's asset turnover of this year was 0.02770115. Bul Land Inv Re's asset turnover of last year was 0.02623024.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Bul Land Inv Re has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.
Bul Land Inv Re (XBUL:LAND) has a Piotroski F-Score of 9 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Bul Land Inv Re and its competitors. This is 80% above median its historical median of 5.00. Over the past decade, Bul Land Inv Re's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Bul Land Inv Re ranks #1 out of 890 companies in the REITs industry, placing it in the top 0.099999999999994%.
Is Bul Land Inv Re's Piotroski F-Score too high?
Bul Land Inv Re's current Piotroski F-Score of 9 is 80% above 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 9.00. The REITs industry median Piotroski F-Score is 6.00. Bul Land Inv Re's value of 9 is 50% above this industry median. Based on the distribution chart, Bul Land Inv Re ranks #1 out of 890 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Bul Land Inv Re has a GF Score™ of 29/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bul Land Inv Re's Piotroski F-Score compare to VICI and WPC?
According to the REITs industry distribution chart, Bul Land Inv Re ranks #1 out of 890 companies for Piotroski F-Score. This places Bul Land Inv Re in the top 0% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Bul Land Inv Re's value of 9 is 50% above this benchmark. Historically, Bul Land Inv Re's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Bul Land Inv Re 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 REITs company?
The median Piotroski F-Score among REITs companies is 6.00, based on 890 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. Bul Land Inv Re's current Piotroski F-Score of 9 is 50% 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 Bul Land Inv Re 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. Bul Land Inv Re's current Piotroski F-Score is 9, which is 80% above 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 Bul Land Inv Re stock overvalued right now?
Based on GuruFocus' analysis, Bul Land Inv Re (XBUL:LAND) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.74, compared to a current price of €0.58 — trading 21.6% below its estimated fair value. The current Piotroski F-Score is 9, which is 80% above median its 10-year median of 5.00 and 50% above the REITs industry median of 6.00. Bul Land Inv Re's overall GF Score™ is 29/100 with 2 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 Bul Land Inv Re (XBUL:LAND), the current Piotroski F-Score is 9 as of Jun. 30, 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 Bul Land Inv Re (XBUL:LAND) Overvalued in 2026?
Based on GuruFocus' analysis, Bul Land Inv Re stock appears to be undervalued.
The current stock price of €0.58 is trading 21.6% below its estimated GF Value™ of €0.74.
GuruFocus considers Bul Land Inv Re to be Modestly Undervalued.
Key valuation signals for XBUL:LAND:
Piotroski F-Score: 9 (80% above median its 10-year median of 5.00)
GF Value™: €0.74 vs. price of €0.58 (21.6% below fair value)
Industry Position: 50% above the REITs median (#1 of 890)
No single metric tells the full story. See the XBUL:LAND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bul Land Inv Re is an investment company for securitization of agricultural land. The objective is to provide shareholders with a growing value of the company's shares and current income through the distribution of dividends.
29GF Score
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