Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
Plascar Participacoes Industriais Piotroski F-Score Related Terms
Plascar Participacoes Industriais 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.
BSP:PLAS3 vs ORLY, AZO, GPC: Piotroski F-Score Comparison
For the Auto Parts subindustry, Plascar Participacoes Industriais'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.
Plascar Participacoes Industriais Piotroski F-Score vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Plascar Participacoes Industriais's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Plascar Participacoes Industriais'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.
Plascar Participacoes Industriais's current Net Income (TTM) was -200.
==> 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.
Score 1 if positive, 0 if negative.
Plascar Participacoes Industriais's current Cash Flow from Operations (TTM) was 128.
==> 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.
Plascar Participacoes Industriais's return on assets of this year was -0.31547111. Plascar Participacoes Industriais's return on assets of last year was -0.19549899.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Plascar Participacoes Industriais's gearing of this year was 0.12074175. Plascar Participacoes Industriais's gearing of last year was 0.2015875.
==> 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
Plascar Participacoes Industriais's current ratio of this year was 0.27575178. Plascar Participacoes Industriais's current ratio of last year was 0.39326315.
==> 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.
Plascar Participacoes Industriais's number of shares in issue this year was 12.425. Plascar Participacoes Industriais's number of shares in issue last year was 12.425.
==> 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.
Plascar Participacoes Industriais's gross margin of this year was 0.13439427. Plascar Participacoes Industriais's gross margin of last year was 0.13078139.
==> 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
Plascar Participacoes Industriais's asset turnover of this year was 1.82690474. Plascar Participacoes Industriais's asset turnover of last year was 1.62691247.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Plascar Participacoes Industriais has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Plascar Participacoes Industriais (BSP:PLAS3) has a Piotroski F-Score of 6 as of Jul. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Plascar Participacoes Industriais and its competitors. This is near median its historical median of 6.00. Over the past decade, Plascar Participacoes Industriais' Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Plascar Participacoes Industriais ranks #345 out of 1285 companies in the Vehicles & Parts industry, placing it in the top 26.8%.
Is Plascar Participacoes Industriais' Piotroski F-Score too high?
Plascar Participacoes Industriais' current Piotroski F-Score of 6 is near 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 Vehicles & Parts industry median Piotroski F-Score is 5.00. Plascar Participacoes Industriais' value of 6 is 20% above this industry median. Based on the distribution chart, Plascar Participacoes Industriais ranks #345 out of 1285 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Plascar Participacoes Industriais has a GF Score™ of 34/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Plascar Participacoes Industriais' Piotroski F-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Plascar Participacoes Industriais ranks #345 out of 1285 companies for Piotroski F-Score. This puts Plascar Participacoes Industriais in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Plascar Participacoes Industriais' value of 6 is 20% above this benchmark. Historically, Plascar Participacoes Industriais' 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 5.00, Plascar Participacoes Industriais 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 Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 5.00, based on 1,285 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. Plascar Participacoes Industriais's current Piotroski F-Score of 6 is 20% 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 Plascar Participacoes Industriais and its competitors. For the Vehicles & Parts 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. Plascar Participacoes Industriais's current Piotroski F-Score is 6, which is near 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 Plascar Participacoes Industriais stock overvalued right now?
Based on GuruFocus' analysis, Plascar Participacoes Industriais (BSP:PLAS3) is currently considered Possible Value Trap. The stock's GF Value™ is R$6.62, compared to a current price of R$2.63 — trading 60.3% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Vehicles & Parts industry median of 5.00. Plascar Participacoes Industriais' overall GF Score™ is 34/100 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 Plascar Participacoes Industriais (BSP:PLAS3), the current Piotroski F-Score is 6 as of Jul. 15, 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 Plascar Participacoes Industriais (BSP:PLAS3) Overvalued in 2026?
Based on GuruFocus' analysis, Plascar Participacoes Industriais stock appears to be undervalued.
The current stock price of R$2.63 is trading 60.3% below its estimated GF Value™ of R$6.62.
GuruFocus considers Plascar Participacoes Industriais to be Possible Value Trap.
Key valuation signals for BSP:PLAS3:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: R$6.62 vs. price of R$2.63 (60.3% below fair value)
Industry Position: 20% above the Vehicles & Parts median (#345 of 1285)
No single metric tells the full story. See the BSP:PLAS3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Plascar Participacoes Industriais Business Description
Plascar Participacoes Industriais SA is engaged in manufacturing and distributing auto parts. The company with its subsidiaries is involved in the manufacturing and sales of pieces and parts related to internal and external finishing of automotive vehicles. In addition, the company is also involved in the manufacturing of non-automotive products, such as supermarket trolleys, multipurpose boxes, ecological pallets, and furniture. The company product portfolio includes products like includes bumpers, instrument panels, air diffusers, cup holders, side doors, door pockets, and carpets.
34GF Score
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