stockrowLead Real Estate Co., Ltd. Unsponsored ADR
LRE Real Estate Real Estate Development
Lead Real Estate Co., Ltd. Unsponsored ADR’s revenue for fiscal 2026 (year ended June 2026) was $118.1 million, down 6.43% from fiscal 2025.
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Lead Real Estate Co., Ltd. Unsponsored ADR (LRE) Piotroski F-score
Lead Real Estate Co., Ltd. Unsponsored ADR's Piotroski F-score for fiscal 2026 is 1 out of 9: 1 of nine tests of profitability, leverage and efficiency passed, down from 7 in fiscal 2025.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2026 | 1 | (6.00) |
| FY2025 | 7 | 2.00 |
| FY2024 | 5 | 2.00 |
| FY2023 | 3 | — |
How fiscal 2026’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 2.65% | 4.49% | Pass | 1 |
| Positive operating cash flow | (28.84m) | 22.20m | Fail | 0 |
| Rising return on assets | 2.65% | 4.49% | Fail | 0 |
| Cash flow above net income | (33.01m) | 16.52m | Fail | 0 |
| Falling long-term leverage | 0.26 | 0.24 | Fail | 0 |
| Rising current ratio | 0.20 | 0.29 | Fail | 0 |
| No new shares issued | 13,642,000 | 13,641,900 | Fail | 0 |
| Rising gross margin | 14.72% | 19.79% | Fail | 0 |
| Rising asset turnover | 0.75 | 1.00 | Fail | 0 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 1 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| AXR AMREP Corporation compare | 6 |
| MRNO Murano Global BV compare | 5 |
| LPA Logistic Properties of the Americas compare | 5 |
| FPH Five Point Holdings, LLC compare | 5 |
| OZ Belpointe PREP, LLC compare | 4 |
| SDHC Smith Douglas Homes Corp. compare | 2 |
| AEI Alset Inc. compare | 2 |
| LRE Lead Real Estate Co., Ltd. Unsponsored ADR | 1 |
| RENX RenX Enterprises Corp. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover