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Grupo de Inversiones Suramericana (BOG:PFGRUPSURA) 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 de Inversiones Suramericana Piotroski F-Score Related Terms
Grupo de Inversiones Suramericana 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 de Inversiones Suramericana Piotroski F-Score Chart
BOG:PFGRUPSURA vs BRK.A, AIG, HIG: Piotroski F-Score Comparison
For the Insurance - Diversified subindustry, Grupo de Inversiones Suramericana'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 de Inversiones Suramericana Piotroski F-Score vs Insurance Industry
For the Insurance industry and Financial Services sector, Grupo de Inversiones Suramericana's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Grupo de Inversiones Suramericana'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.
This Year (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was 1237687 + -617331 + 508574 + 1172093 = COP2,301,023 Mil. Cash Flow from Operations was 1314495 + 637071 + 608229 + 503713 = COP3,063,508 Mil. Revenue was 8166818 + 4432323 + 7129153 + 9252676 = COP28,980,970 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(96282952 + 90736138 + 93145510 + 94453584 + 94574189) / 5 = COP93838474.6 Mil. Total Assets at the begining of this year (Jun25) was COP96,282,952 Mil. Long-Term Debt & Capital Lease Obligation was COP10,867,143 Mil. Total Assets was COP94,574,189 Mil. Total Liabilities was COP73,461,561 Mil.
Net Income was 533807 + 395796 + 518957 + 701805 = COP2,150,365 Mil.
Revenue was 7713750 + 4134423 + 6439484 + 7815954 = COP26,103,611 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(91582379 + 95589530 + 96295907 + 95353080 + 96282952) / 5 = COP95020769.6 Mil. Total Assets at the begining of last year (Jun24) was COP91,582,379 Mil. Long-Term Debt & Capital Lease Obligation was COP11,669,626 Mil. Total Assets was COP96,282,952 Mil. Total Liabilities was COP67,559,722 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.
Grupo de Inversiones Suramericana's current Net Income (TTM) was 2,301,023.
==> 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 de Inversiones Suramericana's current Cash Flow from Operations (TTM) was 3,063,508.
==> 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 de Inversiones Suramericana's return on assets of this year was 0.02389855. Grupo de Inversiones Suramericana's return on assets of last year was 0.02348012.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Grupo de Inversiones Suramericana's gearing of this year was 0.1158069. Grupo de Inversiones Suramericana's gearing of last year was 0.12281132.
==> 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
* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.
Grupo de Inversiones Suramericana's current ratio of this year was 1.28739694. Grupo de Inversiones Suramericana's current ratio of last year was 1.42515317.
==> 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 de Inversiones Suramericana's number of shares in issue this year was 183.148. Grupo de Inversiones Suramericana's number of shares in issue last year was 305.214.
==> 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.
* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.
Grupo de Inversiones Suramericana's net margin of this year was 0.07939772. Grupo de Inversiones Suramericana's net margin of last year was 0.08237807.
==> Last year's net 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 de Inversiones Suramericana's asset turnover of this year was 0.30099794. Grupo de Inversiones Suramericana's asset turnover of last year was 0.28502875.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
=
Que. 1
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Que. 2
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Que. 3
+
Que. 4
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1
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7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Grupo de Inversiones Suramericana has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Grupo de Inversiones Suramericana (BOG:PFGRUPSURA) has a Piotroski F-Score of 7 as of Aug. 18, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Grupo de Inversiones Suramericana and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Grupo de Inversiones Suramericana's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Grupo de Inversiones Suramericana ranks #177 out of 490 companies in the Insurance industry, placing it in the top 36.1%.
Is Grupo de Inversiones Suramericana's Piotroski F-Score too high?
Grupo de Inversiones Suramericana's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 9.00. The Insurance industry median Piotroski F-Score is 6.00. Grupo de Inversiones Suramericana's value of 7 is 16.7% above this industry median. Based on the distribution chart, Grupo de Inversiones Suramericana ranks #177 out of 490 companies in the Insurance industry, which is above the industry midpoint. Overall, Grupo de Inversiones Suramericana has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Grupo de Inversiones Suramericana's Piotroski F-Score compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Grupo de Inversiones Suramericana ranks #177 out of 490 companies for Piotroski F-Score. This puts Grupo de Inversiones Suramericana in the upper half of its industry. The industry median Piotroski F-Score is 6.00. Grupo de Inversiones Suramericana's value of 7 is 16.7% above this benchmark. Historically, Grupo de Inversiones Suramericana's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Grupo de Inversiones Suramericana has consistently been above 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 Insurance company?
The median Piotroski F-Score among Insurance 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. Grupo de Inversiones Suramericana's current Piotroski F-Score of 7 is 16.7% above 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 de Inversiones Suramericana and its competitors. For the Insurance 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 de Inversiones Suramericana's current Piotroski F-Score is 7, which is 17% above 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 Grupo de Inversiones Suramericana stock overvalued right now?
Based on GuruFocus' analysis, Grupo de Inversiones Suramericana (BOG:PFGRUPSURA) is currently considered Modestly Undervalued. The stock's GF Value™ is COP55,475.98, compared to a current price of COP48,200.00 — trading 13.1% below its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 16.7% above the Insurance industry median of 6.00. Grupo de Inversiones Suramericana's overall GF Score™ is 89/100 with 4 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 de Inversiones Suramericana (BOG:PFGRUPSURA), the current Piotroski F-Score is 7 as of Aug. 18, 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 de Inversiones Suramericana (BOG:PFGRUPSURA) Overvalued in 2026?
Based on GuruFocus' analysis, Grupo de Inversiones Suramericana stock appears to be undervalued.
The current stock price of COP48,200.00 is trading 13.1% below its estimated GF Value™ of COP55,475.98.
GuruFocus considers Grupo de Inversiones Suramericana to be Modestly Undervalued.
Key valuation signals for BOG:PFGRUPSURA:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: COP55,475.98 vs. price of COP48,200.00 (13.1% below fair value)
Industry Position: 16.7% above the Insurance median (#177 of 490)
No single metric tells the full story. See the BOG:PFGRUPSURA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grupo de Inversiones Suramericana SA is a Latin American investment holding company with holdings in Colombian entities. It also holds stakes in companies throughout the Americas, including Chile, Mexico, Peru, Colombia, and Uruguay. The group's investment portfolio is mostly concentrated in the financial, pension, insurance, social security, and complementary services industries. The company also holds smaller stakes in processed food, cement, and energy companies. It targets companies that emphasize innovation and offer complementary services across its portfolio holdings.
89GF Score
Get the complete analysis for BOG:PFGRUPSURA
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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