La Forestiere EquatorialeXPAR:FORE 38 Piotroski F-Score is 4 as of Jun. 25, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates XPAR:FORE with a GF Score™ of 38/100. The stock has 2 warning signs investors should review. Among 979 Transportation companies, La Forestiere Equatoriale ranks worse than 73.75% on this metric.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
La Forestiere Equatoriale has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for La Forestiere Equatoriale's Piotroski F-Score or its related term are showing as below:
XPAR:FORE'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 7
Current: 4
During the past 13 years, the highest Piotroski F-Score of La Forestiere Equatoriale was 7. The lowest was 2. And the median was 5.
La Forestiere Equatoriale (XPAR:FORE) 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.
La Forestiere Equatoriale Piotroski F-Score Related Terms
La Forestiere Equatoriale 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.
XPAR:FORE vs UNP, NSC, CSX: Piotroski F-Score Comparison
For the Railroads subindustry, La Forestiere Equatoriale'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.
La Forestiere Equatoriale Piotroski F-Score vs Transportation Industry
For the Transportation industry and Industrials sector, La Forestiere Equatoriale's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where La Forestiere Equatoriale'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.
La Forestiere Equatoriale's current Net Income (TTM) was 0.63.
==> 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.
La Forestiere Equatoriale's current Cash Flow from Operations (TTM) was 0.16.
==> 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.
La Forestiere Equatoriale's return on assets of this year was 0.0285897. La Forestiere Equatoriale's return on assets of last year was 0.04495881.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
La Forestiere Equatoriale's gearing of this year was 0. La Forestiere Equatoriale's gearing of last year was 0.
==> 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
La Forestiere Equatoriale's current ratio of this year was 100.05504587. La Forestiere Equatoriale's current ratio of last year was 118.77173913.
==> 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.
La Forestiere Equatoriale's number of shares in issue this year was 0.141. La Forestiere Equatoriale's number of shares in issue last year was 0.141.
==> 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.
La Forestiere Equatoriale's gross margin of this year was . La Forestiere Equatoriale's gross margin of last year was .
==> 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
La Forestiere Equatoriale's asset turnover of this year was 0. La Forestiere Equatoriale's asset turnover of last year was 0.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
La Forestiere Equatoriale has an F-score of 4 indicating the company's financial situation is typical for a stable company.
La Forestiere Equatoriale (XPAR:FORE) has a Piotroski F-Score of 4 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on La Forestiere Equatoriale and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, La Forestiere Equatoriale's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, La Forestiere Equatoriale ranks #722 out of 979 companies in the Transportation industry, placing it in the top 73.7%.
Is La Forestiere Equatoriale's Piotroski F-Score too high?
La Forestiere Equatoriale's current Piotroski F-Score of 4 is 20% 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 7.00. The Transportation industry median Piotroski F-Score is 6.00. La Forestiere Equatoriale's value of 4 is 33.3% below this industry median. Based on the distribution chart, La Forestiere Equatoriale ranks #722 out of 979 companies in the Transportation industry, which is below the industry midpoint. Overall, La Forestiere Equatoriale has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does La Forestiere Equatoriale's Piotroski F-Score compare to UNP and NSC?
According to the Transportation industry distribution chart, La Forestiere Equatoriale ranks #722 out of 979 companies for Piotroski F-Score. This places La Forestiere Equatoriale in the lower half of its industry. The industry median Piotroski F-Score is 6.00. La Forestiere Equatoriale's value of 4 is 33.3% below this benchmark. Historically, La Forestiere Equatoriale's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, La Forestiere Equatoriale 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. La Forestiere Equatoriale's current Piotroski F-Score of 4 is 33.3% 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 La Forestiere Equatoriale 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. La Forestiere Equatoriale's current Piotroski F-Score is 4, which is 20% 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 La Forestiere Equatoriale stock overvalued right now?
La Forestiere Equatoriale (XPAR:FORE) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 33.3% below the Transportation industry median of 6.00. La Forestiere Equatoriale's overall GF Score™ is 38/100 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 La Forestiere Equatoriale (XPAR:FORE), the current Piotroski F-Score is 4 as of Jun. 25, 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.
La Forestiere Equatoriale is a holding company and is part of the Bollore group. The Company has stakes through Sofib in Sitarail, a company that manages the passenger and freight railway link between the Ivory Coast and Burkina-Faso.
38GF Score
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