Lapidoth Capital (XTAE:LAPD) Piotroski F-Score: 2 (As of Jul. 29, 2026) — 67% Below Median

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XTAE:LAPD Lapidoth Capital Ltd XTAE:LAPD
91 GF Score
Price ₪76.14
GF Value ₪71.90
Valuation Fairly Valued
! 7 Warning Signs
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What is Lapidoth Capital Piotroski F-Score?

Lapidoth Capital XTAE:LAPD +0.85% 91 Piotroski F-Score is 2 as of Jul. 29, 2026, which is 67% below its 10-year median of 6.00. GuruFocus rates XTAE:LAPD with a GF Score™ of 91/100 and a GF Value™ of ₪71.90 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,728 Construction companies, Lapidoth Capital ranks worse than 92.82% on this metric.

Warning Sign:

Piotroski F-Score of 2 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

Lapidoth Capital has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Lapidoth Capital's Piotroski F-Score or its related term are showing as below:

XTAE:LAPD' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 8
Current: 2

During the past 12 years, the highest Piotroski F-Score of Lapidoth Capital was 8. The lowest was 2. And the median was 6.

Lapidoth Capital  (XTAE:LAPD) 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.


Lapidoth Capital Piotroski F-Score Related Terms


Lapidoth Capital Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Lapidoth Capital'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.

Lapidoth Capital Piotroski F-Score Chart

Lapidoth Capital Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 6.00 7.00 6.00 7.00

Lapidoth Capital Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 4.00 5.00 6.00 2.00 2.00

XTAE:LAPD vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, Lapidoth Capital'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.


Lapidoth Capital Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Lapidoth Capital's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Lapidoth Capital's Piotroski F-Score falls into.


XTAE:LAPD
91GF Score
Lapidoth Capital Ltd XTAE:LAPD
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 54.457 + 68.666 + 75.961 + 63.237 = ₪262 Mil.
Cash Flow from Operations was -44.048 + -21.08 + 114.258 + -297.139 = ₪-248 Mil.
Revenue was 2056.746 + 1988.042 + 1914.898 + 2057.058 = ₪8,017 Mil.
Gross Profit was 139.023 + 148.569 + 147.733 + 157.833 = ₪593 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(8442.342 + 8521.543 + 8948.957 + 9600.611 + 10278.913) / 5 = ₪9158.4732 Mil.
Total Assets at the begining of this year (Mar25) was ₪8,442 Mil.
Long-Term Debt & Capital Lease Obligation was ₪774 Mil.
Total Current Assets was ₪6,080 Mil.
Total Current Liabilities was ₪4,735 Mil.
Net Income was 54.888 + 54.722 + 112.048 + 61.327 = ₪283 Mil.

Revenue was 1826.83 + 2043.668 + 1955.272 + 2059.543 = ₪7,885 Mil.
Gross Profit was 147.592 + 154.513 + 147.215 + 153.138 = ₪602 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(7997.664 + 8101.56 + 8334.062 + 8526.536 + 8442.342) / 5 = ₪8280.4328 Mil.
Total Assets at the begining of last year (Mar24) was ₪7,998 Mil.
Long-Term Debt & Capital Lease Obligation was ₪660 Mil.
Total Current Assets was ₪5,313 Mil.
Total Current Liabilities was ₪3,809 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.

Lapidoth Capital's current Net Income (TTM) was 262. ==> 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.

Lapidoth Capital's current Cash Flow from Operations (TTM) was -248. ==> 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 (Mar25)
=262.321/8442.342
=0.03107207

ROA (Last Year)=Net Income/Total Assets (Mar24)
=282.985/7997.664
=0.03538346

Lapidoth Capital's return on assets of this year was 0.03107207. Lapidoth Capital's return on assets of last year was 0.03538346. ==> 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.

Lapidoth Capital's current Net Income (TTM) was 262. Lapidoth Capital's current Cash Flow from Operations (TTM) was -248. ==> -248 <= 262 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=774.178/9158.4732
=0.08453134

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=659.621/8280.4328
=0.07966021

Lapidoth Capital's gearing of this year was 0.08453134. Lapidoth Capital's gearing of last year was 0.07966021. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=6080.455/4734.692
=1.28423454

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=5313.199/3808.733
=1.39500432

Lapidoth Capital's current ratio of this year was 1.28423454. Lapidoth Capital's current ratio of last year was 1.39500432. ==> 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.

Lapidoth Capital's number of shares in issue this year was 60.805. Lapidoth Capital's number of shares in issue last year was 62.579. ==> 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
=593.158/8016.744
=0.07398989

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=602.458/7885.313
=0.07640255

Lapidoth Capital's gross margin of this year was 0.07398989. Lapidoth Capital's gross margin of last year was 0.07640255. ==> 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 (Mar25)
=8016.744/8442.342
=0.94958769

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=7885.313/7997.664
=0.98595202

Lapidoth Capital's asset turnover of this year was 0.94958769. Lapidoth Capital's asset turnover of last year was 0.98595202. ==> 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
=1+0+0+0+0+0+1+0+0
=2

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

Lapidoth Capital has an F-score of 2. 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 2 mean?
Lapidoth Capital (XTAE:LAPD) has a Piotroski F-Score of 2 as of Jul. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Lapidoth Capital and its competitors. This is 67% below median its historical median of 6.00. Over the past decade, Lapidoth Capital's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Lapidoth Capital ranks #1604 out of 1728 companies in the Construction industry, placing it in the top 92.8%.
Is Lapidoth Capital's Piotroski F-Score too high?
Lapidoth Capital's current Piotroski F-Score of 2 is 67% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Construction industry median Piotroski F-Score is 5.00. Lapidoth Capital's value of 2 is 60% below this industry median. Based on the distribution chart, Lapidoth Capital ranks #1604 out of 1728 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Lapidoth Capital has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Lapidoth Capital's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Lapidoth Capital ranks #1604 out of 1728 companies for Piotroski F-Score. This places Lapidoth Capital in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Lapidoth Capital's value of 2 is 60% below this benchmark. Historically, Lapidoth Capital's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Lapidoth Capital 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,728 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. Lapidoth Capital's current Piotroski F-Score of 2 is 60% 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 Lapidoth Capital and its competitors. For the Construction 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. Lapidoth Capital's current Piotroski F-Score is 2, which is 67% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lapidoth Capital stock overvalued right now?
Based on GuruFocus' analysis, Lapidoth Capital (XTAE:LAPD) is currently considered Fairly Valued. The stock's GF Value™ is ₪71.90, compared to a current price of ₪76.14 — trading 5.9% above its estimated fair value. The current Piotroski F-Score is 2, which is 67% below median its 10-year median of 6.00 and 60% below the Construction industry median of 5.00. Lapidoth Capital's overall GF Score™ is 91/100 with 7 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 Lapidoth Capital (XTAE:LAPD), the current Piotroski F-Score is 2 as of Jul. 29, 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 Lapidoth Capital (XTAE:LAPD) Overvalued in 2026?

Based on GuruFocus' analysis, Lapidoth Capital stock appears to be overvalued. The current stock price of ₪76.14 is trading 5.9% above its estimated GF Value™ of ₪71.90. GuruFocus considers Lapidoth Capital to be Fairly Valued.

Key valuation signals for XTAE:LAPD:

  • Piotroski F-Score: 2 (67% below median its 10-year median of 6.00)
  • GF Value™: ₪71.90 vs. price of ₪76.14 (5.9% above fair value)
  • GF Score™: 91/100 with 7 warning signs
  • Industry Position: 60% below the Construction median (#1604 of 1728)

No single metric tells the full story. See the XTAE:LAPD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lapidoth Capital Business Description

Address 19 Brodetsky Street, P.O.B. 17106, Tel Aviv, ISR, 69051
Lapidoth Capital Ltd through its subsidiaries is engaged in various fields, including contracting and entrepreneurial activity in Israel and abroad in the fields of construction and infrastructure, import and marketing of mobile phones and related accessories, international trade, investments in securities, oil and gas exploration and production, and water drilling. . The company generates majority of its revenue from construction and infrastructure contracting through its subsidiary Danya Cebus which has taken part in dozens of public construction, offices, commerce and industry projects for public entities and private entrepreneurs. It also includes infrastructure projects, including paving roads, building railway infrastructure, bridges, and related infrastructure development.
91GF Score

Get the complete analysis for XTAE:LAPD

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₪76.14
Price
₪71.90
GF Value