Paragon Care (ASX:PGC) Piotroski F-Score: 3 (As of Jun. 27, 2026) — 40% Below Median


ASX:PGC Paragon Care Ltd ASX:PGC
56 GF Score
Price A$0.13
GF Value A$0.40
Valuation Possible Value Trap
! 7 Warning Signs
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What is Paragon Care Piotroski F-Score?

Paragon Care ASX:PGC 56 Piotroski F-Score is 3 as of Jun. 27, 2026, which is 40% below its 10-year median of 5.00. GuruFocus rates ASX:PGC with a GF Score™ of 56/100 and a GF Value™ of A$0.40 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 114 Medical Distribution companies, Paragon Care ranks worse than 81.58% on this metric.

Warning Sign:

Piotroski F-Score of 3 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

Paragon Care has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

ASX:PGC' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 3

During the past 13 years, the highest Piotroski F-Score of Paragon Care was 7. The lowest was 3. And the median was 5.

Paragon Care  (ASX:PGC) 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.


Paragon Care Piotroski F-Score Related Terms


Paragon Care Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Paragon Care'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.

Paragon Care Piotroski F-Score Chart

Paragon Care Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only N/A 7.00 5.00 5.00 3.00

Paragon Care Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 5.00 0.00 3.00 0.00

ASX:PGC vs MCK, COR, CAH: Piotroski F-Score Comparison

For the Medical Distribution subindustry, Paragon Care'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.


Paragon Care Piotroski F-Score vs Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Paragon Care's Piotroski F-Score distribution charts can be found below:

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


ASX:PGC
56GF Score
Paragon Care Ltd ASX:PGC
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 (Jun25) TTM:Last Year (Jun24) TTM:
Net Income was A$21 Mil.
Cash Flow from Operations was A$-13 Mil.
Revenue was A$3,614 Mil.
Gross Profit was A$324 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (1754.451 + 1243.711) / 2 = A$1499.081 Mil.
Total Assets at the begining of this year (Jun24) was A$1,754 Mil.
Long-Term Debt & Capital Lease Obligation was A$120 Mil.
Total Current Assets was A$757 Mil.
Total Current Liabilities was A$771 Mil.
Net Income was A$8 Mil.

Revenue was A$2,970 Mil.
Gross Profit was A$177 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (448.519 + 1754.451) / 2 = A$1101.485 Mil.
Total Assets at the begining of last year (Jun23) was A$449 Mil.
Long-Term Debt & Capital Lease Obligation was A$225 Mil.
Total Current Assets was A$1,019 Mil.
Total Current Liabilities was A$832 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.

Paragon Care's current Net Income (TTM) was 21. ==> 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.

Paragon Care's current Cash Flow from Operations (TTM) was -13. ==> 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 (Jun24)
=20.574/1754.451
=0.01172675

ROA (Last Year)=Net Income/Total Assets (Jun23)
=8.381/448.519
=0.01868594

Paragon Care's return on assets of this year was 0.01172675. Paragon Care's return on assets of last year was 0.01868594. ==> 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.

Paragon Care's current Net Income (TTM) was 21. Paragon Care's current Cash Flow from Operations (TTM) was -13. ==> -13 <= 21 ==> 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: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=119.832/1499.081
=0.07993697

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=224.969/1101.485
=0.20424155

Paragon Care's gearing of this year was 0.07993697. Paragon Care's gearing of last year was 0.20424155. ==> This year is lower or equal to last year. ==> Score 1.

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: Jun25)=Total Current Assets/Total Current Liabilities
=757.413/771.462
=0.98178912

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=1018.508/832.029
=1.2241256

Paragon Care's current ratio of this year was 0.98178912. Paragon Care's current ratio of last year was 1.2241256. ==> 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.

Paragon Care's number of shares in issue this year was 1655.305. Paragon Care's number of shares in issue last year was 935.227. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=324.001/3613.887
=0.08965444

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=176.532/2969.885
=0.05944069

Paragon Care's gross margin of this year was 0.08965444. Paragon Care's gross margin of last year was 0.05944069. ==> This year's gross margin is higher. ==> Score 1.

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 (Jun24)
=3613.887/1754.451
=2.05983923

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=2969.885/448.519
=6.62153666

Paragon Care's asset turnover of this year was 2.05983923. Paragon Care's asset turnover of last year was 6.62153666. ==> 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+1+0+0+1+0
=3

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

Paragon Care has an F-score of 3. 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 3 mean?
Paragon Care (ASX:PGC) has a Piotroski F-Score of 3 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Paragon Care and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, Paragon Care's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Paragon Care ranks #93 out of 114 companies in the Medical Distribution industry, placing it in the top 81.6%.
Is Paragon Care's Piotroski F-Score too high?
Paragon Care's current Piotroski F-Score of 3 is 40% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Medical Distribution industry median Piotroski F-Score is 5.00. Paragon Care's value of 3 is 40% below this industry median. Based on the distribution chart, Paragon Care ranks #93 out of 114 companies in the Medical Distribution industry, which is in the bottom quartile relative to peers. Overall, Paragon Care has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Paragon Care's Piotroski F-Score compare to MCK and COR?
According to the Medical Distribution industry distribution chart, Paragon Care ranks #93 out of 114 companies for Piotroski F-Score. This places Paragon Care in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Paragon Care's value of 3 is 40% below this benchmark. Historically, Paragon Care's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Paragon Care 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 Medical Distribution company?
The median Piotroski F-Score among Medical Distribution companies is 5.00, based on 114 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. Paragon Care's current Piotroski F-Score of 3 is 40% 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 Paragon Care and its competitors. For the Medical Distribution 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. Paragon Care's current Piotroski F-Score is 3, which is 40% below median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Paragon Care stock overvalued right now?
Based on GuruFocus' analysis, Paragon Care (ASX:PGC) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.40, compared to a current price of A$0.13 — trading 67.5% below its estimated fair value. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 40% below the Medical Distribution industry median of 5.00. Paragon Care's overall GF Score™ is 56/100 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 Paragon Care (ASX:PGC), the current Piotroski F-Score is 3 as of Jun. 27, 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 Paragon Care (ASX:PGC) Overvalued in 2026?

Based on GuruFocus' analysis, Paragon Care stock appears to be undervalued. The current stock price of A$0.13 is trading 67.5% below its estimated GF Value™ of A$0.40. GuruFocus considers Paragon Care to be Possible Value Trap.

Key valuation signals for ASX:PGC:

  • Piotroski F-Score: 3 (40% below median its 10-year median of 5.00)
  • GF Value™: A$0.40 vs. price of A$0.13 (67.5% below fair value)
  • GF Score™: 56/100 with 7 warning signs
  • Industry Position: 40% below the Medical Distribution median (#93 of 114)

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


Paragon Care Business Description

Address 77-97 Ricketts Road, Mount Waverley, Melbourne, VIC, AUS, 3149
Paragon Care Ltd is a medical device company. The company provides medical equipment, devices, and consumables medical products to the healthcare market. The company provides solutions to various healthcare markets, aged care, and veterinary markets. The group is organized into two operating segments: ParagonCare and CH2 Holdings and the majority of its revenues are generated from the CH2 Holdings segment engaged in the distribution of pharmaceuticals, medical consumables, nutritional, and over-the-counter products to the healthcare market.
56GF Score

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

A$0.13
Price
A$0.40
GF Value