Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
Tander Inversiones Socimi Piotroski F-Score Related Terms
Tander Inversiones Socimi Piotroski F-Score Historical Data
* 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.
XMAD:YTAN vs SPG, O, KIM: Piotroski F-Score Comparison
For the REIT - Retail subindustry, Tander Inversiones Socimi'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.
Tander Inversiones Socimi Piotroski F-Score vs REITs Industry
For the REITs industry and Real Estate sector, Tander Inversiones Socimi's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Tander Inversiones Socimi'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.
Tander Inversiones Socimi's current Net Income (TTM) was 2.27.
==> 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.
Tander Inversiones Socimi's current Cash Flow from Operations (TTM) was 3.16.
==> 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.
Tander Inversiones Socimi's return on assets of this year was 0.01273285. Tander Inversiones Socimi's return on assets of last year was 0.00923399.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Tander Inversiones Socimi's gearing of this year was 0.53804226. Tander Inversiones Socimi's gearing of last year was 0.31556552.
==> 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
Tander Inversiones Socimi's current ratio of this year was 1.44858255. Tander Inversiones Socimi's current ratio of last year was 0.06258823.
==> 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.
Tander Inversiones Socimi's number of shares in issue this year was 9.373. Tander Inversiones Socimi's number of shares in issue last year was 8.521.
==> 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.
Tander Inversiones Socimi's gross margin of this year was 1. Tander Inversiones Socimi's gross margin of last year was 1.
==> 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
Tander Inversiones Socimi's asset turnover of this year was 0.04948984. Tander Inversiones Socimi's asset turnover of last year was 0.04423128.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Que. 1
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1
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0
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Tander Inversiones Socimi has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Tander Inversiones Socimi (XMAD:YTAN) has a Piotroski F-Score of 6 as of Jul. 14, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Tander Inversiones Socimi and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Tander Inversiones Socimi's Piotroski F-Score has ranged from 3.00 to 8.00.
Is Tander Inversiones Socimi's Piotroski F-Score too high?
Tander Inversiones Socimi's current Piotroski F-Score of 6 is 20% above 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. Tander Inversiones Socimi's value of 6 is 0% at this industry median. Overall, Tander Inversiones Socimi has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Tander Inversiones Socimi's Piotroski F-Score compare to SPG and O?
Tander Inversiones Socimi's Piotroski F-Score of 6 can be compared against companies in the REITs industry. The industry median Piotroski F-Score is 6.00. Tander Inversiones Socimi's value of 6 is 0% at this benchmark. Historically, Tander Inversiones Socimi'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, Tander Inversiones Socimi has consistently been at 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 886 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. Tander Inversiones Socimi's current Piotroski F-Score of 6 is 0% at 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 Tander Inversiones Socimi 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. Tander Inversiones Socimi's current Piotroski F-Score is 6, which is 20% 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 Tander Inversiones Socimi stock overvalued right now?
Tander Inversiones Socimi (XMAD:YTAN) has a current Piotroski F-Score of 6. The stock's GF Value™ is €12.76, compared to a current price of €12.10 — trading 5.2% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 0% at the REITs industry median of 6.00. Tander Inversiones Socimi's overall GF Score™ is 13/100 with 4 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 Tander Inversiones Socimi (XMAD:YTAN), the current Piotroski F-Score is 6 as of Jul. 14, 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 Tander Inversiones Socimi (XMAD:YTAN) Overvalued in 2026?
Based on GuruFocus' analysis, Tander Inversiones Socimi stock appears to be undervalued.
The current stock price of €12.10 is trading 5.2% below its estimated GF Value™ of €12.76.
Key valuation signals for XMAD:YTAN:
Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
GF Value™: €12.76 vs. price of €12.10 (5.2% below fair value)
No single metric tells the full story. See the XMAD:YTAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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