Viva Energy GroupASX:VEA -1.46%78 Piotroski F-Score is 4 as of Jun. 26, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates ASX:VEA with a GF Score™ of 78/100 and a GF Value™ of A$3.23 (Significantly Undervalued). The stock has 7 warning signs investors should review. Among 974 Oil & Gas companies, Viva Energy Group ranks worse than 58.73% 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
Viva Energy Group has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Viva Energy Group's Piotroski F-Score or its related term are showing as below:
ASX:VEA'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 8
Current: 4
During the past 8 years, the highest Piotroski F-Score of Viva Energy Group was 8. The lowest was 3. And the median was 5.
Viva Energy Group (ASX:VEA) 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.
Viva Energy Group Piotroski F-Score Related Terms
Viva Energy Group Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Viva Energy Group'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.
ASX:VEA vs VLO, MPC, PSX: Piotroski F-Score Comparison
For the Oil & Gas Refining & Marketing subindustry, Viva Energy Group'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.
Viva Energy Group Piotroski F-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Viva Energy Group's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Viva Energy Group'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.
Viva Energy Group's current Net Income (TTM) was -421.
==> Negative ==> Score 0.
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.
Viva Energy Group's return on assets of this year was -0.03472904. Viva Energy Group's return on assets of last year was -0.00840096.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Viva Energy Group's gearing of this year was 0.4522251. Viva Energy Group's gearing of last year was 0.495992.
==> 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
Viva Energy Group's current ratio of this year was 0.89877731. Viva Energy Group's current ratio of last year was 0.94938974.
==> 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.
Viva Energy Group's number of shares in issue this year was 1597.859. Viva Energy Group's number of shares in issue last year was 1577.237.
==> 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.
Viva Energy Group's gross margin of this year was 0.12140361. Viva Energy Group's gross margin of last year was 0.09837558.
==> 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
Viva Energy Group's asset turnover of this year was 2.34536053. Viva Energy Group's asset turnover of last year was 3.30226925.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Viva Energy Group has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Viva Energy Group (ASX:VEA) has a Piotroski F-Score of 4 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Viva Energy Group and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Viva Energy Group's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Viva Energy Group ranks #572 out of 974 companies in the Oil & Gas industry, placing it in the top 58.7%.
Is Viva Energy Group's Piotroski F-Score too high?
Viva Energy Group's current Piotroski F-Score of 4 is 20% 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 8.00. The Oil & Gas industry median Piotroski F-Score is 5.00. Viva Energy Group's value of 4 is 20% below this industry median. Based on the distribution chart, Viva Energy Group ranks #572 out of 974 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Viva Energy Group has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Viva Energy Group's Piotroski F-Score compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Viva Energy Group ranks #572 out of 974 companies for Piotroski F-Score. This places Viva Energy Group in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Viva Energy Group's value of 4 is 20% below this benchmark. Historically, Viva Energy Group's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Viva Energy Group 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 Oil & Gas company?
The median Piotroski F-Score among Oil & Gas companies is 5.00, based on 974 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. Viva Energy Group's current Piotroski F-Score of 4 is 20% 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 Viva Energy Group and its competitors. For the Oil & Gas 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. Viva Energy Group's current Piotroski F-Score is 4, which is 20% 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 Viva Energy Group stock overvalued right now?
Based on GuruFocus' analysis, Viva Energy Group (ASX:VEA) is currently considered Significantly Undervalued. The stock's GF Value™ is A$3.23, compared to a current price of A$2.02 — trading 37.5% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Oil & Gas industry median of 5.00. Viva Energy Group's overall GF Score™ is 78/100 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 Viva Energy Group (ASX:VEA), the current Piotroski F-Score is 4 as of Jun. 26, 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 Viva Energy Group (ASX:VEA) Overvalued in 2026?
Based on GuruFocus' analysis, Viva Energy Group stock appears to be undervalued.
The current stock price of A$2.02 is trading 37.5% below its estimated GF Value™ of A$3.23.
GuruFocus considers Viva Energy Group to be Significantly Undervalued.
Key valuation signals for ASX:VEA:
Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
GF Value™: A$3.23 vs. price of A$2.02 (37.5% below fair value)
Industry Position: 20% below the Oil & Gas median (#572 of 974)
No single metric tells the full story. See the ASX:VEA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Viva is Australia's second-largest vertically integrated refined transport fuel supplier. We rate Viva as the second-most-significant pipeline owner, and at approximately 1,155 locations, Viva supplies the third-largest number of retail sites in Australia behind Ampol at approximately 1,985 and BP at 1,400.Vitol bought Shell's Australian downstream operations in 2014, and renamed them Viva Energy. Viva subsequently bought Shell's Australian aviation operations and a 50% investment in Liberty Oil. In 2016, Viva sold (and leased back) a portfolio of its retail sites to Viva Energy REIT and listed Viva Energy REIT on the ASX. It has since sold its entire REIT stake for AUD 734 million.Viva acquired OTR Group in 2014 for AUD 1.2 billion bringing over 200 South Australian stores.
78GF Score
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