Atco (ACLTF) Piotroski F-Score: 4 (As of Jun. 24, 2026) — 33% Below Median


ACLTF Atco Ltd ACLTF
80 GF Score
Price $48.40
GF Value $36.36
! 13 Warning Signs
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What is Atco Piotroski F-Score?

Atco ACLTF +11.42% 80 Piotroski F-Score is 4 as of Jun. 24, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates ACLTF with a GF Score™ of 80/100 and a GF Value™ of $36.36. The stock has 13 warning signs investors should review. Among 490 Utilities - Regulated companies, Atco ranks worse than 77.35% 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

Atco has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

ACLTF' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Atco was 8. The lowest was 4. And the median was 6.

Atco  (OTCPK:ACLTF) 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.


Atco Piotroski F-Score Related Terms


Atco Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Atco'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.

Atco Piotroski F-Score Chart

Atco Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 7.00 7.00 5.00 4.00

Atco 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 6.00 6.00 6.00 4.00 4.00

ACLTF vs SRE, AES: Piotroski F-Score Comparison

For the Utilities - Diversified subindustry, Atco'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.


Atco Piotroski F-Score vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Atco's Piotroski F-Score distribution charts can be found below:

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


ACLTF
80GF Score
Atco Ltd ACLTF
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 46.825 + 61.443 + -103.661 + 110.787 = $115 Mil.
Cash Flow from Operations was 375.329 + 399.017 + 479.884 + 531.341 = $1,786 Mil.
Revenue was 847.234 + 855.862 + 1007.611 + 1039.359 = $3,750 Mil.
Gross Profit was 532.631 + 519.734 + 595.868 + 645.044 = $2,293 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(18878.518 + 19607.112 + 20053.491 + 20056.542 + 20212.828) / 5 = $19761.6982 Mil.
Total Assets at the begining of this year (Mar25) was $18,879 Mil.
Long-Term Debt & Capital Lease Obligation was $9,155 Mil.
Total Current Assets was $1,736 Mil.
Total Current Liabilities was $1,047 Mil.
Net Income was 37.942 + 68.655 + 96.862 + 100.306 = $304 Mil.

Revenue was 811.383 + 823.859 + 975.644 + 982.864 = $3,594 Mil.
Gross Profit was 520.248 + 519.711 + 581.877 + 620.646 = $2,242 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(18725.621 + 18617.293 + 19232.246 + 18757.633 + 18878.518) / 5 = $18842.2622 Mil.
Total Assets at the begining of last year (Mar24) was $18,726 Mil.
Long-Term Debt & Capital Lease Obligation was $8,089 Mil.
Total Current Assets was $1,570 Mil.
Total Current Liabilities was $1,171 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.

Atco's current Net Income (TTM) was 115. ==> 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.

Atco's current Cash Flow from Operations (TTM) was 1,786. ==> 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.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=115.394/18878.518
=0.00611245

ROA (Last Year)=Net Income/Total Assets (Mar24)
=303.765/18725.621
=0.01622189

Atco's return on assets of this year was 0.00611245. Atco's return on assets of last year was 0.01622189. ==> 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.

Atco's current Net Income (TTM) was 115. Atco's current Cash Flow from Operations (TTM) was 1,786. ==> 1,786 > 115 ==> CFROA > ROA ==> Score 1.

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
=9154.519/19761.6982
=0.46324556

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=8088.604/18842.2622
=0.42927988

Atco's gearing of this year was 0.46324556. Atco's gearing of last year was 0.42927988. ==> 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
=1736.152/1047.376
=1.65762057

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1570.075/1170.939
=1.34086831

Atco's current ratio of this year was 1.65762057. Atco's current ratio of last year was 1.34086831. ==> 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.

Atco's number of shares in issue this year was 0. Atco's number of shares in issue last year was 112.505. ==> 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
=2293.277/3750.066
=0.61152977

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2242.482/3593.75
=0.62399499

Atco's gross margin of this year was 0.61152977. Atco's gross margin of last year was 0.62399499. ==> 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)
=3750.066/18878.518
=0.19864197

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=3593.75/18725.621
=0.1919162

Atco's asset turnover of this year was 0.19864197. Atco's asset turnover of last year was 0.1919162. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+1+0+1+1+0+1
=6

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

Atco has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
Atco (ACLTF) has a Piotroski F-Score of 4 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Atco and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Atco's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Atco ranks #379 out of 490 companies in the Utilities - Regulated industry, placing it in the top 77.3%.
Is Atco's Piotroski F-Score too high?
Atco's current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Utilities - Regulated industry median Piotroski F-Score is 6.00. Atco's value of 4 is 33.3% below this industry median. Based on the distribution chart, Atco ranks #379 out of 490 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Atco has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Atco's Piotroski F-Score compare to SRE and AES?
According to the Utilities - Regulated industry distribution chart, Atco ranks #379 out of 490 companies for Piotroski F-Score. This places Atco in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Atco's value of 4 is 33.3% below this benchmark. Historically, Atco's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Atco 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 an Utilities - Regulated company?
The median Piotroski F-Score among Utilities - Regulated companies is 6.00, based on 490 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. Atco'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 Atco and its competitors. For the Utilities - Regulated 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. Atco's current Piotroski F-Score is 4, which is 33% 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 Atco stock overvalued right now?
Atco (ACLTF) has a current Piotroski F-Score of 4. The stock's GF Value™ is $36.36, compared to a current price of $48.40 — trading 33.1% above its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 33.3% below the Utilities - Regulated industry median of 6.00. Atco's overall GF Score™ is 80/100 with 13 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 Atco (ACLTF), the current Piotroski F-Score is 4 as of Jun. 24, 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 Atco (ACLTF) Overvalued in 2026?

Based on GuruFocus' analysis, Atco stock appears to be overvalued. The current stock price of $48.40 is trading 33.1% above its estimated GF Value™ of $36.36.

Key valuation signals for ACLTF:

  • Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
  • GF Value™: $36.36 vs. price of $48.40 (33.1% above fair value)
  • GF Score™: 80/100 with 13 warning signs
  • Industry Position: 33.3% below the Utilities - Regulated median (#379 of 490)

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


Atco Business Description

Address 5302 Forand Street SW, 4th Floor, West Building, Calgary, AB, CAN, T3E 8B4
Atco Ltd is a Canada-based diversified company. The company's Structures & Logistics segment offers workforce and residential housing, modular facilities, construction, site support services, workforce lodging services, facility operations and maintenance, defense operations services, and disaster and emergency management services. The Neltume Ports segment includes the equity interest in Neltume Ports S.A., a port operator and developer based in South America. The Retail Energy segment provides electricity and natural gas retail sales and home maintenance solutions. Its Canadian Utilities Limited segment includes ATCO Energy Systems, ATCO EnPower, and ATCO Australia. It generates maximum revenue from the ATCO Energy Systems segment and earns maximum revenue from Canada.
80GF Score

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

$48.40
Price
$36.36
GF Value