AXTA (Axalta Coating Systems) Piotroski F-Score: 5 (As of Jun. 25, 2026) — 29% Below Median


AXTA Axalta Coating Systems Ltd AXTA
80 GF Score
Price $34.66
GF Value $33.28
Valuation Fairly Valued
! 6 Warning Signs
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What is Axalta Coating Systems Piotroski F-Score?

Axalta Coating Systems AXTA +3.03% 80 Piotroski F-Score is 5 as of Jun. 25, 2026, which is 29% below its 10-year median of 7.00. GuruFocus rates AXTA with a GF Score™ of 80/100 and a GF Value™ of $33.28 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,566 Chemicals companies, Axalta Coating Systems ranks better than 55.3% 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

Axalta Coating Systems has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

AXTA' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of Axalta Coating Systems was 9. The lowest was 4. And the median was 7.

Axalta Coating Systems  (NYSE:AXTA) 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.


Axalta Coating Systems Piotroski F-Score Related Terms


Axalta Coating Systems Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Axalta Coating Systems'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.

Axalta Coating Systems Piotroski F-Score Chart

Axalta Coating Systems 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 7.00 7.00 9.00 8.00 7.00

Axalta Coating Systems 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 8.00 7.00 8.00 7.00 5.00

AXTA vs NEU, PRM, BCPC: Piotroski F-Score Comparison

For the Specialty Chemicals subindustry, Axalta Coating Systems'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.


Axalta Coating Systems Piotroski F-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Axalta Coating Systems's Piotroski F-Score distribution charts can be found below:

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


AXTA
80GF Score
Axalta Coating Systems Ltd AXTA
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 109 + 110 + 60 + 90 = $369 Mil.
Cash Flow from Operations was 142 + 137 + 344 + 68 = $691 Mil.
Revenue was 1305 + 1288 + 1262 + 1254 = $5,109 Mil.
Gross Profit was 457 + 450 + 422 + 416 = $1,745 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(7411 + 7781 + 7760 + 7599 + 7558) / 5 = $7621.8 Mil.
Total Assets at the begining of this year (Mar25) was $7,411 Mil.
Long-Term Debt & Capital Lease Obligation was $3,127 Mil.
Total Current Assets was $2,827 Mil.
Total Current Liabilities was $1,348 Mil.
Net Income was 112 + 101 + 137 + 99 = $449 Mil.

Revenue was 1351 + 1320 + 1311 + 1262 = $5,244 Mil.
Gross Profit was 460 + 462 + 447 + 433 = $1,802 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(7089 + 7306 + 7500 + 7249 + 7411) / 5 = $7311 Mil.
Total Assets at the begining of last year (Mar24) was $7,089 Mil.
Long-Term Debt & Capital Lease Obligation was $3,398 Mil.
Total Current Assets was $2,821 Mil.
Total Current Liabilities was $1,330 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.

Axalta Coating Systems's current Net Income (TTM) was 369. ==> 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.

Axalta Coating Systems's current Cash Flow from Operations (TTM) was 691. ==> 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)
=369/7411
=0.04979085

ROA (Last Year)=Net Income/Total Assets (Mar24)
=449/7089
=0.06333757

Axalta Coating Systems's return on assets of this year was 0.04979085. Axalta Coating Systems's return on assets of last year was 0.06333757. ==> 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.

Axalta Coating Systems's current Net Income (TTM) was 369. Axalta Coating Systems's current Cash Flow from Operations (TTM) was 691. ==> 691 > 369 ==> 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
=3127/7621.8
=0.41027054

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=3398/7311
=0.4647791

Axalta Coating Systems's gearing of this year was 0.41027054. Axalta Coating Systems's gearing of last year was 0.4647791. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=2827/1348
=2.09718101

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2821/1330
=2.12105263

Axalta Coating Systems's current ratio of this year was 2.09718101. Axalta Coating Systems's current ratio of last year was 2.12105263. ==> 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.

Axalta Coating Systems's number of shares in issue this year was 214.6. Axalta Coating Systems's number of shares in issue last year was 219.4. ==> 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
=1745/5109
=0.34155412

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1802/5244
=0.34363082

Axalta Coating Systems's gross margin of this year was 0.34155412. Axalta Coating Systems's gross margin of last year was 0.34363082. ==> 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)
=5109/7411
=0.68938065

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=5244/7089
=0.73973762

Axalta Coating Systems's asset turnover of this year was 0.68938065. Axalta Coating Systems's asset turnover of last year was 0.73973762. ==> 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+1+0+1+1+0+1+0+0
=5

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

Axalta Coating Systems has an F-score of 5 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 5 mean?
Axalta Coating Systems (AXTA) has a Piotroski F-Score of 5 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Axalta Coating Systems and its competitors. This is 29% below median its historical median of 7.00. Over the past decade, Axalta Coating Systems' Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Axalta Coating Systems ranks #700 out of 1566 companies in the Chemicals industry, placing it in the top 44.7%.
Is Axalta Coating Systems' Piotroski F-Score too high?
Axalta Coating Systems' current Piotroski F-Score of 5 is 29% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Chemicals industry median Piotroski F-Score is 5.00. Axalta Coating Systems' value of 5 is 0% at this industry median. Based on the distribution chart, Axalta Coating Systems ranks #700 out of 1566 companies in the Chemicals industry, which is above the industry midpoint. Overall, Axalta Coating Systems has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Axalta Coating Systems' Piotroski F-Score compare to NEU and PRM?
According to the Chemicals industry distribution chart, Axalta Coating Systems ranks #700 out of 1566 companies for Piotroski F-Score. This puts Axalta Coating Systems in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Axalta Coating Systems' value of 5 is 0% at this benchmark. Historically, Axalta Coating Systems' own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Axalta Coating Systems has consistently been at 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,566 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. Axalta Coating Systems's current Piotroski F-Score of 5 is 0% at 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 Axalta Coating Systems and its competitors. For the Chemicals 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. Axalta Coating Systems's current Piotroski F-Score is 5, which is 29% 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 Axalta Coating Systems stock overvalued right now?
Based on GuruFocus' analysis, Axalta Coating Systems (AXTA) is currently considered Fairly Valued. The stock's GF Value™ is $33.28, compared to a current price of $34.66 — trading 4.1% above its estimated fair value. The current Piotroski F-Score is 5, which is 29% below median its 10-year median of 7.00 and 0% at the Chemicals industry median of 5.00. Axalta Coating Systems' overall GF Score™ is 80/100 with 6 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 Axalta Coating Systems (AXTA), the current Piotroski F-Score is 5 as of Jun. 25, 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 Axalta Coating Systems (AXTA) Overvalued in 2026?

Based on GuruFocus' analysis, Axalta Coating Systems stock appears to be overvalued. The current stock price of $34.66 is trading 4.1% above its estimated GF Value™ of $33.28. GuruFocus considers Axalta Coating Systems to be Fairly Valued.

Key valuation signals for AXTA:

  • Piotroski F-Score: 5 (29% below median its 10-year median of 7.00)
  • GF Value™: $33.28 vs. price of $34.66 (4.1% above fair value)
  • GF Score™: 80/100 with 6 warning signs
  • Industry Position: 0% at the Chemicals median (#700 of 1566)

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


Axalta Coating Systems Business Description

Other Exchanges 0U6C:UK9AX:Germany
Address 1050 Constitution Avenue, Philadelphia, PA, USA, 19112
Axalta Coating Systems Ltd is a manufacturer, marketer, and distributor of high-performance coatings systems. It operates in two segments: Performance Coatings and Mobility Coatings. The Performance Coatings segment provides liquid and powder coatings solutions to a fragmented and local customer base. Its end markets include refinish and industrial, and the Mobility Coatings segment relates to the provision of coating technologies to original equipment manufacturers of light and commercial vehicles. The majority of its revenue is generated from the Mobility Coatings segment. Geographically, the company generates maximum revenue from the Europe, Middle East and Africa (EMEA) region, followed by North America, Asia Pacific, and Latin America.
80GF Score

Get the complete analysis for AXTA

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

$34.66
Price
$33.28
GF Value