Timeform rate Frankel's win in the Royal Lodge Stakes as "one of the best performances from any juvenile in recent years".
They now have Henry Cecil's unbeaten colt on 129p, making him their highest-rated 2yo in Europe since Xaar in 1997 (132).
To further put this into recent historical context, New Approach was rated 127 after his juvenile campaign, while St Nicholas Abbey and Shamardal were awarded 126p.
Frankel still has some way to go to match the astonishing Timeform rating of 138 put up by Celtic Swing in winning the Racing Post Trophy by 12 lengths in 1994, but the world-renowned ratings organisation are in no doubt that they saw something "very special" on Saturday.
Their report on the race reads:
"Less numbers than in recent renewals of the Royal Lodge, but any lack of quantity was more than made up for by the quality of Frankel, his effort not only smashing the standards but exceeding any 2-y-o so far this season, in a complete league of his own as he stormed clear of useful rivals; the gallop was on the steady side until around halfway, and it was literally a one-horse show as soon as Queally decided to make his move from last place.
"Frankel is on his way to the top, quite rightly now a clear favourite for next year's Classics, as this was something very special, not only jumping to the head of the 2yo division in 2010 but, when allowing for the amount he had in hand, producing one of the best performances from any juvenile in recent years, verging on top-class after just 3 runs and having the potential to do more still, including this year, with the Dewhurst or Racing Post Trophy reportedly on the agenda.
"Connections apparently view Frankel more as one for the Guineas than Derby, holding stamina doubts, from the manner in which he races (has high cruising speed and sharp turn of foot) rather than his pedigree (Galileo close relation to Bullet Train from the family of Powerscourt), but after making an eye-catching move from last to first approaching the turn in here, he powered clear in the straight and certainly wasn't stopping at the line; a big, strong colt, there's no reason whatsoever to think Frankel won't train on and he is a truly exciting prospect, in expert hands to fulfil his potential, too."
Betfair spokesman Tony Calvin added: "Timeform are of no doubt that they saw something very special on Saturday, and quotes of as low as 2-1 for the 2,000 Guineas are understandable, if a touch of over-reaction.
""I can't recall a horse being shorter for the Newmarket Classic, at this stage of the season, in recent years - if at all."