Coca-Cola FemsaB de CV (BUE:KOF) Piotroski F-Score: 6 (As of Jun. 25, 2026) — 20% Above Median


BUE:KOF Coca-Cola Femsa SAB de CV BUE:KOF
50 GF Score
Price ARS80,925.00
GF Value ARS11,269.27
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Coca-Cola FemsaB de CV Piotroski F-Score?

Coca-Cola FemsaB de CV BUE:KOF -2.53% 50 Piotroski F-Score is 6 as of Jun. 25, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates BUE:KOF with a GF Score™ of 50/100 and a GF Value™ of ARS11,269.27 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 112 Beverages - Non-Alcoholic companies, Coca-Cola FemsaB de CV ranks better than 67.86% 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

Coca-Cola FemsaB de CV 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 Coca-Cola FemsaB de CV's Piotroski F-Score or its related term are showing as below:

BUE:KOF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of Coca-Cola FemsaB de CV was 9. The lowest was 3. And the median was 5.

Coca-Cola FemsaB de CV  (BUE:KOF) 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.


Coca-Cola FemsaB de CV Piotroski F-Score Related Terms


Coca-Cola FemsaB de CV Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Coca-Cola FemsaB de CV'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.

Coca-Cola FemsaB de CV Piotroski F-Score Chart

Coca-Cola FemsaB de CV 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 9.00 7.00 7.00 6.00 6.00

Coca-Cola FemsaB de CV 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 0.00 0.00 0.00 6.00 0.00

BUE:KOF vs COKE, PRMB, CELH: Piotroski F-Score Comparison

For the Beverages - Non-Alcoholic subindustry, Coca-Cola FemsaB de CV'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.


Coca-Cola FemsaB de CV Piotroski F-Score vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola FemsaB de CV's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Coca-Cola FemsaB de CV's Piotroski F-Score falls into.


BUE:KOF
50GF Score
Coca-Cola Femsa SAB de CV BUE:KOF
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was ARS1,922,211 Mil.
Cash Flow from Operations was ARS2,480,696 Mil.
Revenue was ARS23,518,446 Mil.
Gross Profit was ARS10,735,683 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (14915148.377 + 25355852.007) / 2 = ARS20135500.192 Mil.
Total Assets at the begining of this year (Dec24) was ARS14,915,148 Mil.
Long-Term Debt & Capital Lease Obligation was ARS6,105,448 Mil.
Total Current Assets was ARS6,011,292 Mil.
Total Current Liabilities was ARS5,381,465 Mil.
Net Income was ARS1,149,148 Mil.

Revenue was ARS13,549,818 Mil.
Gross Profit was ARS6,234,428 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (5817089.511 + 14915148.377) / 2 = ARS10366118.944 Mil.
Total Assets at the begining of last year (Dec23) was ARS5,817,090 Mil.
Long-Term Debt & Capital Lease Obligation was ARS3,592,971 Mil.
Total Current Assets was ARS3,638,493 Mil.
Total Current Liabilities was ARS3,252,958 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.

Coca-Cola FemsaB de CV's current Net Income (TTM) was 1,922,211. ==> 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.

Coca-Cola FemsaB de CV's current Cash Flow from Operations (TTM) was 2,480,696. ==> 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 (Dec24)
=1922210.89/14915148.377
=0.12887642

ROA (Last Year)=Net Income/Total Assets (Dec23)
=1149148.194/5817089.511
=0.19754693

Coca-Cola FemsaB de CV's return on assets of this year was 0.12887642. Coca-Cola FemsaB de CV's return on assets of last year was 0.19754693. ==> 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.

Coca-Cola FemsaB de CV's current Net Income (TTM) was 1,922,211. Coca-Cola FemsaB de CV's current Cash Flow from Operations (TTM) was 2,480,696. ==> 2,480,696 > 1,922,211 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=6105448.034/20135500.192
=0.3032181

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=3592970.747/10366118.944
=0.34660713

Coca-Cola FemsaB de CV's gearing of this year was 0.3032181. Coca-Cola FemsaB de CV's gearing of last year was 0.34660713. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=6011292.349/5381464.977
=1.11703642

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=3638493.074/3252957.705
=1.11851841

Coca-Cola FemsaB de CV's current ratio of this year was 1.11703642. Coca-Cola FemsaB de CV's current ratio of last year was 1.11851841. ==> 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.

Coca-Cola FemsaB de CV's number of shares in issue this year was 840.35. Coca-Cola FemsaB de CV's number of shares in issue last year was 840.35. ==> 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
=10735682.846/23518445.724
=0.45647927

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=6234427.998/13549817.556
=0.46011158

Coca-Cola FemsaB de CV's gross margin of this year was 0.45647927. Coca-Cola FemsaB de CV's gross margin of last year was 0.46011158. ==> 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 (Dec24)
=23518445.724/14915148.377
=1.57681608

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=13549817.556/5817089.511
=2.3293122

Coca-Cola FemsaB de CV's asset turnover of this year was 1.57681608. Coca-Cola FemsaB de CV's asset turnover of last year was 2.3293122. ==> 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

Coca-Cola FemsaB de CV 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 6 mean?
Coca-Cola FemsaB de CV (BUE:KOF) has a Piotroski F-Score of 6 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Coca-Cola FemsaB de CV and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Coca-Cola FemsaB de CV's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Coca-Cola FemsaB de CV ranks #36 out of 112 companies in the Beverages - Non-Alcoholic industry, placing it in the top 32.1%.
Is Coca-Cola FemsaB de CV's Piotroski F-Score too high?
Coca-Cola FemsaB de CV's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Beverages - Non-Alcoholic industry median Piotroski F-Score is 5.50. Coca-Cola FemsaB de CV's value of 6 is 9.1% above this industry median. Based on the distribution chart, Coca-Cola FemsaB de CV ranks #36 out of 112 companies in the Beverages - Non-Alcoholic industry, which is above the industry midpoint. Overall, Coca-Cola FemsaB de CV has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Coca-Cola FemsaB de CV's Piotroski F-Score compare to COKE and PRMB?
According to the Beverages - Non-Alcoholic industry distribution chart, Coca-Cola FemsaB de CV ranks #36 out of 112 companies for Piotroski F-Score. This puts Coca-Cola FemsaB de CV in the upper half of its industry. The industry median Piotroski F-Score is 5.50. Coca-Cola FemsaB de CV's value of 6 is 9.1% above this benchmark. Historically, Coca-Cola FemsaB de CV'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 5.00 vs. the industry median of 5.50, Coca-Cola FemsaB de CV 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 Beverages - Non-Alcoholic company?
The median Piotroski F-Score among Beverages - Non-Alcoholic companies is 5.50, based on 112 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. Coca-Cola FemsaB de CV's current Piotroski F-Score of 6 is 9.1% 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 Coca-Cola FemsaB de CV and its competitors. For the Beverages - Non-Alcoholic industry, the median Piotroski F-Score is 5.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coca-Cola FemsaB de CV's current Piotroski F-Score is 6, which is 20% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coca-Cola FemsaB de CV stock overvalued right now?
Based on GuruFocus' analysis, Coca-Cola FemsaB de CV (BUE:KOF) is currently considered Significantly Overvalued. The stock's GF Value™ is ARS11,269.27, compared to a current price of ARS80,925.00 — trading 618.1% above its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 9.1% above the Beverages - Non-Alcoholic industry median of 5.50. Coca-Cola FemsaB de CV's overall GF Score™ is 50/100 with 5 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 Coca-Cola FemsaB de CV (BUE:KOF), the current Piotroski F-Score is 6 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 Coca-Cola FemsaB de CV (BUE:KOF) Overvalued in 2026?

Based on GuruFocus' analysis, Coca-Cola FemsaB de CV stock appears to be overvalued. The current stock price of ARS80,925.00 is trading 618.1% above its estimated GF Value™ of ARS11,269.27. GuruFocus considers Coca-Cola FemsaB de CV to be Significantly Overvalued.

Key valuation signals for BUE:KOF:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: ARS11,269.27 vs. price of ARS80,925.00 (618.1% above fair value)
  • GF Score™: 50/100 with 5 warning signs
  • Industry Position: 9.1% above the Beverages - Non-Alcoholic median (#36 of 112)

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


Coca-Cola FemsaB de CV Business Description

Address Mario Pani No. 100, Santa Fe Cuajimalpa, Cuajimalpa de Morelos, Ciudad de Mexico, DF, MEX, 05348
Coca-Cola Femsa, a subsidiary of Femsa, is the largest franchise bottler of Coca-Cola in volume terms. The company purchases beverage concentrates and syrup from Coca-Cola, which it then processes and packages for distribution through modern trade, traditional trade, and the on-premises channel. Mexico and Brazil make up 80% of the total volume and sales, with the rest from other Central and South American countries, including Panama, Guatemala, Uruguay, and Argentina. Femsa and Coca-Cola hold 47% and 28% economic interests in Coca-Cola Femsa through nonpublicly traded A and D shares, respectively, while controlling 56% and 33% of the voting power.
50GF Score

Get the complete analysis for BUE:KOF

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

ARS80,925.00
Price
ARS11,269.27
GF Value