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Tegma Gestao LogisticaBSP:TGMA3 +0.39%93 Piotroski F-Score is 3 as of Aug. 13, 2026, which is 50% below its 10-year median of 6.00. GuruFocus rates BSP:TGMA3 with a GF Score™ of 93/100 and a GF Value™ of R$39.97 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 978 Transportation companies, Tegma Gestao Logistica ranks worse than 87.83% on this metric.
Warning Sign:
Piotroski F-Score of 3 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Tegma Gestao Logistica has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Tegma Gestao Logistica's Piotroski F-Score or its related term are showing as below:
BSP:TGMA3'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 9
Current: 3
During the past 13 years, the highest Piotroski F-Score of Tegma Gestao Logistica was 9. The lowest was 3. And the median was 6.
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.
Tegma Gestao Logistica Piotroski F-Score Related Terms
Tegma Gestao Logistica Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Tegma Gestao Logistica'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.
BSP:TGMA3 vs ODFL, XPO, KNX: Piotroski F-Score Comparison
For the Trucking subindustry, Tegma Gestao Logistica'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.
Tegma Gestao Logistica Piotroski F-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Tegma Gestao Logistica's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Tegma Gestao Logistica'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.
Tegma Gestao Logistica's current Net Income (TTM) was 254.
==> 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.
Tegma Gestao Logistica's return on assets of this year was 0.1818159. Tegma Gestao Logistica's return on assets of last year was 0.22086064.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Tegma Gestao Logistica's gearing of this year was 0.10517991. Tegma Gestao Logistica's gearing of last year was 0.09633962.
==> Last year is lower than this year ==> Score 0.
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
Tegma Gestao Logistica's current ratio of this year was 2.21925184. Tegma Gestao Logistica's current ratio of last year was 3.02591608.
==> 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.
Tegma Gestao Logistica's number of shares in issue this year was 65.965. Tegma Gestao Logistica's number of shares in issue last year was 65.803.
==> 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.
Tegma Gestao Logistica's gross margin of this year was 0.18754584. Tegma Gestao Logistica's gross margin of last year was 0.21596995.
==> 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
Tegma Gestao Logistica's asset turnover of this year was 1.79369083. Tegma Gestao Logistica's asset turnover of last year was 1.74160168.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Tegma Gestao Logistica has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Tegma Gestao Logistica (BSP:TGMA3) has a Piotroski F-Score of 3 as of Aug. 13, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Tegma Gestao Logistica and its competitors. This is 50% below median its historical median of 6.00. Over the past decade, Tegma Gestao Logistica's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Tegma Gestao Logistica ranks #859 out of 978 companies in the Transportation industry, placing it in the top 87.8%.
Is Tegma Gestao Logistica's Piotroski F-Score too high?
Tegma Gestao Logistica's current Piotroski F-Score of 3 is 50% below 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 9.00. The Transportation industry median Piotroski F-Score is 6.00. Tegma Gestao Logistica's value of 3 is 50% below this industry median. Based on the distribution chart, Tegma Gestao Logistica ranks #859 out of 978 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Tegma Gestao Logistica has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tegma Gestao Logistica's Piotroski F-Score compare to ODFL and XPO?
According to the Transportation industry distribution chart, Tegma Gestao Logistica ranks #859 out of 978 companies for Piotroski F-Score. This places Tegma Gestao Logistica in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Tegma Gestao Logistica's value of 3 is 50% below this benchmark. Historically, Tegma Gestao Logistica's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Tegma Gestao Logistica 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 a Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 978 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. Tegma Gestao Logistica's current Piotroski F-Score of 3 is 50% 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 Tegma Gestao Logistica and its competitors. For the Transportation 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. Tegma Gestao Logistica's current Piotroski F-Score is 3, which is 50% below 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 Tegma Gestao Logistica stock overvalued right now?
Based on GuruFocus' analysis, Tegma Gestao Logistica (BSP:TGMA3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$39.97, compared to a current price of R$33.37 — trading 16.5% below its estimated fair value. The current Piotroski F-Score is 3, which is 50% below median its 10-year median of 6.00 and 50% below the Transportation industry median of 6.00. Tegma Gestao Logistica's overall GF Score™ is 93/100 with 3 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 Tegma Gestao Logistica (BSP:TGMA3), the current Piotroski F-Score is 3 as of Aug. 13, 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 Tegma Gestao Logistica (BSP:TGMA3) Overvalued in 2026?
Based on GuruFocus' analysis, Tegma Gestao Logistica stock appears to be undervalued.
The current stock price of R$33.37 is trading 16.5% below its estimated GF Value™ of R$39.97.
GuruFocus considers Tegma Gestao Logistica to be Modestly Undervalued.
Key valuation signals for BSP:TGMA3:
Piotroski F-Score: 3 (50% below median its 10-year median of 6.00)
GF Value™: R$39.97 vs. price of R$33.37 (16.5% below fair value)
Industry Position: 50% below the Transportation median (#859 of 978)
No single metric tells the full story. See the BSP:TGMA3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tegma Gestao Logistica SA provides logistics, transportation, and warehouse services in Brazil. The company's operating segments include; Automotive logistics and Integrated logistics. The Automotive Logistics division engages in the transportation of vehicles, as well as management of yard; transfer and distribution of vehicle; storage of vehicles; and provision of pre delivery inspection, and center for automotive/multi-brand services. The Integrated Logistics division provides transportation, storage, inventory management, and similar services. It generates maximum revenue from the Automotive Logistics segment.
93GF Score
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