Metalfrio Solutions (BSP:FRIO3) Piotroski F-Score: 7 (As of Jul. 06, 2026) — 17% Above Median


BSP:FRIO3 Metalfrio Solutions SA BSP:FRIO3
60 GF Score
Price R$205.00
GF Value R$204.42
Valuation Fairly Valued
! 2 Warning Signs
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What is Metalfrio Solutions Piotroski F-Score?

Metalfrio Solutions BSP:FRIO3 60 Piotroski F-Score is 7 as of Jul. 06, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates BSP:FRIO3 with a GF Score™ of 60/100 and a GF Value™ of R$204.42 (Fairly Valued). The stock has 2 warning signs investors should review. Among 424 Furnishings, Fixtures & Appliances companies, Metalfrio Solutions ranks better than 90.8% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Metalfrio Solutions has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

BSP:FRIO3' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Metalfrio Solutions was 8. The lowest was 3. And the median was 6.

Metalfrio Solutions  (BSP:FRIO3) 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.


Metalfrio Solutions Piotroski F-Score Related Terms


Metalfrio Solutions Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Metalfrio Solutions'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.

Metalfrio Solutions Piotroski F-Score Chart

Metalfrio Solutions 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 6.00 3.00 6.00 4.00 6.00

Metalfrio Solutions 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 4.00 7.00 5.00 6.00 7.00

BSP:FRIO3 vs SN, SGI, MHK: Piotroski F-Score Comparison

For the Furnishings, Fixtures & Appliances subindustry, Metalfrio Solutions'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.


Metalfrio Solutions Piotroski F-Score vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Metalfrio Solutions's Piotroski F-Score distribution charts can be found below:

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


BSP:FRIO3
60GF Score
Metalfrio Solutions SA BSP:FRIO3
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 21.146 + 17.046 + 3.2 + 17.666 = R$59 Mil.
Cash Flow from Operations was 82.412 + 1.751 + 145.545 + -104.147 = R$126 Mil.
Revenue was 702.073 + 600.025 + 557.181 + 606.692 = R$2,466 Mil.
Gross Profit was 124.552 + 100.203 + 106.887 + 116.936 = R$449 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1928.784 + 1971.72 + 1902.69 + 1878.277 + 1993.075) / 5 = R$1934.9092 Mil.
Total Assets at the begining of this year (Mar25) was R$1,929 Mil.
Long-Term Debt & Capital Lease Obligation was R$228 Mil.
Total Current Assets was R$1,363 Mil.
Total Current Liabilities was R$1,268 Mil.
Net Income was -11.524 + 3.125 + -10.273 + -3.766 = R$-22 Mil.

Revenue was 607.991 + 532.103 + 614.7 + 543.602 = R$2,298 Mil.
Gross Profit was 94.848 + 101.369 + 94.829 + 91.696 = R$383 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1817.224 + 1970.926 + 1835.027 + 1980.185 + 1928.784) / 5 = R$1906.4292 Mil.
Total Assets at the begining of last year (Mar24) was R$1,817 Mil.
Long-Term Debt & Capital Lease Obligation was R$405 Mil.
Total Current Assets was R$1,319 Mil.
Total Current Liabilities was R$1,071 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.

Metalfrio Solutions's current Net Income (TTM) was 59. ==> 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.

Metalfrio Solutions's current Cash Flow from Operations (TTM) was 126. ==> 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)
=59.058/1928.784
=0.03061929

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-22.438/1817.224
=-0.0123474

Metalfrio Solutions's return on assets of this year was 0.03061929. Metalfrio Solutions's return on assets of last year was -0.0123474. ==> This year is higher. ==> Score 1.

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.

Metalfrio Solutions's current Net Income (TTM) was 59. Metalfrio Solutions's current Cash Flow from Operations (TTM) was 126. ==> 126 > 59 ==> 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
=228.205/1934.9092
=0.11794093

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=404.505/1906.4292
=0.2121794

Metalfrio Solutions's gearing of this year was 0.11794093. Metalfrio Solutions's gearing of last year was 0.2121794. ==> 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
=1363.46/1267.82
=1.07543658

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1318.619/1070.844
=1.23138291

Metalfrio Solutions's current ratio of this year was 1.07543658. Metalfrio Solutions's current ratio of last year was 1.23138291. ==> 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.

Metalfrio Solutions's number of shares in issue this year was 6.382. Metalfrio Solutions's number of shares in issue last year was 6.286. ==> 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
=448.578/2465.971
=0.18190725

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=382.742/2298.396
=0.1665257

Metalfrio Solutions's gross margin of this year was 0.18190725. Metalfrio Solutions's gross margin of last year was 0.1665257. ==> 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 (Mar25)
=2465.971/1928.784
=1.27851071

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2298.396/1817.224
=1.26478409

Metalfrio Solutions's asset turnover of this year was 1.27851071. Metalfrio Solutions's asset turnover of last year was 1.26478409. ==> 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+1+1+1+0+0+1+1
=7

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

Metalfrio Solutions has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Metalfrio Solutions (BSP:FRIO3) has a Piotroski F-Score of 7 as of Jul. 06, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Metalfrio Solutions and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Metalfrio Solutions' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Metalfrio Solutions ranks #39 out of 424 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 9.2%.
Is Metalfrio Solutions' Piotroski F-Score too high?
Metalfrio Solutions' 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 3.00 to a high of 8.00. The Furnishings, Fixtures & Appliances industry median Piotroski F-Score is 5.00. Metalfrio Solutions' value of 7 is 40% above this industry median. Based on the distribution chart, Metalfrio Solutions ranks #39 out of 424 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Metalfrio Solutions has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Metalfrio Solutions' Piotroski F-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Metalfrio Solutions ranks #39 out of 424 companies for Piotroski F-Score. This places Metalfrio Solutions in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Metalfrio Solutions' value of 7 is 40% above this benchmark. Historically, Metalfrio Solutions' own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Metalfrio Solutions 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 a Furnishings, Fixtures & Appliances company?
The median Piotroski F-Score among Furnishings, Fixtures & Appliances companies is 5.00, based on 424 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. Metalfrio Solutions's current Piotroski F-Score of 7 is 40% 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 Metalfrio Solutions and its competitors. For the Furnishings, Fixtures & Appliances 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. Metalfrio Solutions'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 Metalfrio Solutions stock overvalued right now?
Based on GuruFocus' analysis, Metalfrio Solutions (BSP:FRIO3) is currently considered Fairly Valued. The stock's GF Value™ is R$204.42, compared to a current price of R$205.00 — trading 0.3% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Furnishings, Fixtures & Appliances industry median of 5.00. Metalfrio Solutions' overall GF Score™ is 60/100 with 2 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 Metalfrio Solutions (BSP:FRIO3), the current Piotroski F-Score is 7 as of Jul. 06, 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 Metalfrio Solutions (BSP:FRIO3) Overvalued in 2026?

Based on GuruFocus' analysis, Metalfrio Solutions stock appears to be overvalued. The current stock price of R$205.00 is trading 0.3% above its estimated GF Value™ of R$204.42. GuruFocus considers Metalfrio Solutions to be Fairly Valued.

Key valuation signals for BSP:FRIO3:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: R$204.42 vs. price of R$205.00 (0.3% above fair value)
  • GF Score™: 60/100 with 2 warning signs
  • Industry Position: 40% above the Furnishings, Fixtures & Appliances median (#39 of 424)

No single metric tells the full story. See the BSP:FRIO3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Metalfrio Solutions Business Description

Address Avenida Abrahao Goncalves Braga 412, Vila Livieiro, Sao Paulo, SP, BRA, 04186-220
Metalfrio Solutions SA is a Brazilian company which is engaged in the manufacture, import, and sale of domestic and commercial refrigerators and freezers, in Brazil and abroad. The company operates its business through Goods and Service segment. The Goods segment comprises the manufacture and sale of domestic and commercial refrigerators and freezers. The Service segment comprises the maintenance and technical assistance for the products sold by both the company and third parties, as well as the sale of parts to authorized dealers and product customers, and logistics services. It generates majority of the revenue from Goods segment. The product brands of the company are Metalfrio, Caravell, Derby, Klimasan, and other.
60GF Score

Get the complete analysis for BSP:FRIO3

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

R$205.00
Price
R$204.42
GF Value