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Grupo Aeroportuario del SuresteB de CV (OTCPK:ASRMF) 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.
Grupo Aeroportuario del SuresteB de CV Piotroski F-Score Related Terms
Grupo Aeroportuario del SuresteB de CV 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.
Grupo Aeroportuario del SuresteB de CV Piotroski F-Score Chart
Grupo Aeroportuario del SuresteB de CV Annual Data
For the Airports & Air Services subindustry, Grupo Aeroportuario del SuresteB de CV'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.
Grupo Aeroportuario del SuresteB de CV Piotroski F-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Grupo Aeroportuario del SuresteB de CV's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Grupo Aeroportuario del SuresteB de CV'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.
Grupo Aeroportuario del SuresteB de CV's current Net Income (TTM) was 536.
==> 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.
Grupo Aeroportuario del SuresteB de CV's current Cash Flow from Operations (TTM) was 720.
==> 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.
Grupo Aeroportuario del SuresteB de CV's return on assets of this year was 0.12641682. Grupo Aeroportuario del SuresteB de CV's return on assets of last year was 0.16093413.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Grupo Aeroportuario del SuresteB de CV's gearing of this year was 0.4059629. Grupo Aeroportuario del SuresteB de CV's gearing of last year was 0.14024806.
==> 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
Grupo Aeroportuario del SuresteB de CV's current ratio of this year was 3.39293905. Grupo Aeroportuario del SuresteB de CV's current ratio of last year was 5.16229062.
==> 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.
Grupo Aeroportuario del SuresteB de CV's number of shares in issue this year was 300.001. Grupo Aeroportuario del SuresteB de CV's number of shares in issue last year was 299.999.
==> There is larger number of shares in issue this year. ==> Score 0.
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.
Grupo Aeroportuario del SuresteB de CV's gross margin of this year was 0.53476225. Grupo Aeroportuario del SuresteB de CV's gross margin of last year was 0.65865552.
==> 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
Grupo Aeroportuario del SuresteB de CV's asset turnover of this year was 0.48149129. Grupo Aeroportuario del SuresteB de CV's asset turnover of last year was 0.37417977.
==> 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
+
0
+
0
+
0
+
1
=
4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Grupo Aeroportuario del SuresteB de CV has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Grupo Aeroportuario del SuresteB de CV (ASRMF) has a Piotroski F-Score of 3 as of Jul. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Grupo Aeroportuario del SuresteB de CV and its competitors. This is 57% below median its historical median of 7.00. Over the past decade, Grupo Aeroportuario del SuresteB de CV's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Grupo Aeroportuario del SuresteB de CV ranks #863 out of 978 companies in the Transportation industry, placing it in the top 88.2%.
Is Grupo Aeroportuario del SuresteB de CV's Piotroski F-Score too high?
Grupo Aeroportuario del SuresteB de CV's current Piotroski F-Score of 3 is 57% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Transportation industry median Piotroski F-Score is 6.00. Grupo Aeroportuario del SuresteB de CV's value of 3 is 50% below this industry median. Based on the distribution chart, Grupo Aeroportuario del SuresteB de CV ranks #863 out of 978 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Grupo Aeroportuario del SuresteB de CV has a GF Score™ of 90/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Grupo Aeroportuario del SuresteB de CV's Piotroski F-Score compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Grupo Aeroportuario del SuresteB de CV ranks #863 out of 978 companies for Piotroski F-Score. This places Grupo Aeroportuario del SuresteB de CV in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Grupo Aeroportuario del SuresteB de CV's value of 3 is 50% below this benchmark. Historically, Grupo Aeroportuario del SuresteB de CV's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 6.00, Grupo Aeroportuario del SuresteB de CV 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 978 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. Grupo Aeroportuario del SuresteB de CV's current Piotroski F-Score of 3 is 50% 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 Grupo Aeroportuario del SuresteB de CV 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. Grupo Aeroportuario del SuresteB de CV's current Piotroski F-Score is 3, which is 57% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grupo Aeroportuario del SuresteB de CV stock overvalued right now?
Based on GuruFocus' analysis, Grupo Aeroportuario del SuresteB de CV (ASRMF) is currently considered Possible Value Trap. The stock's GF Value™ is $41.06, compared to a current price of $28.67 — trading 30.2% below its estimated fair value. The current Piotroski F-Score is 3, which is 57% below median its 10-year median of 7.00 and 50% below the Transportation industry median of 6.00. Grupo Aeroportuario del SuresteB de CV's overall GF Score™ is 90/100 with 3 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 Grupo Aeroportuario del SuresteB de CV (ASRMF), the current Piotroski F-Score is 3 as of Jul. 30, 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 Grupo Aeroportuario del SuresteB de CV (ASRMF) Overvalued in 2026?
Based on GuruFocus' analysis, Grupo Aeroportuario del SuresteB de CV stock appears to be undervalued.
The current stock price of $28.67 is trading 30.2% below its estimated GF Value™ of $41.06.
GuruFocus considers Grupo Aeroportuario del SuresteB de CV to be Possible Value Trap.
Key valuation signals for ASRMF:
Piotroski F-Score: 3 (57% below median its 10-year median of 7.00)
GF Value™: $41.06 vs. price of $28.67 (30.2% below fair value)
Industry Position: 50% below the Transportation median (#863 of 978)
No single metric tells the full story. See the ASRMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grupo Aeroportuario del SuresteB de CV Business Description
Grupo Aeroportuario del Sureste SAB de CV and its subsidiaries hold concessions to operate, maintain, and develop airports in the southeast region of Mexico. As an operator of airports, it charges airlines, passengers, and other users fees for using the airports' facilities. The group also derives rental and other income from commercial activities conducted at its airports, such as the leasing of space to restaurants and retailers. The company's operating segments are Cancun, which generates majority revenue, Aerostar, Airplan, Merida, Villahermosa, Holding and Services, and Others.
90GF Score
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