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LedesmaBUE:LEDE +2.07%70 Piotroski F-Score is 5 as of Aug. 08, 2026, which is at its 10-year median of 5.00. GuruFocus rates BUE:LEDE with a GF Score™ of 70/100 and a GF Value™ of ARS876.26 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 545 Conglomerates companies, Ledesma ranks better than 50.83% 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
Ledesma 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 Ledesma's Piotroski F-Score or its related term are showing as below:
BUE:LEDE'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 5 Max: 9
Current: 5
During the past 13 years, the highest Piotroski F-Score of Ledesma was 9. The lowest was 1. And the median was 5.
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.
Ledesma Piotroski F-Score Related Terms
Ledesma Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Ledesma'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.
BUE:LEDE vs MMM, HON: Piotroski F-Score Comparison
For the Conglomerates subindustry, Ledesma'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.
Ledesma Piotroski F-Score vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Ledesma's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Ledesma'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 (Feb26) TTM:
Last Year (Feb25) TTM:
Net Income was -26372.855 + -17279.67 + -6445.768 + 22395.771 = ARS-27,703 Mil. Cash Flow from Operations was 85754.725 + -52279.515 + -46362.6 + 60062.75 = ARS47,175 Mil. Revenue was 57512.787 + 192404.514 + 226924.996 + 264425.918 = ARS741,268 Mil. Gross Profit was -2578.948 + 36611.681 + 55056.619 + 59672.053 = ARS148,761 Mil.
Average Total Assets from the begining of this year (Feb25)
to the end of this year (Feb26) was
(777694.107 + 761018.91 + 899632.852 + 1024011.737 + 966157.986) / 5 = ARS885703.1184 Mil. Total Assets at the begining of this year (Feb25) was ARS777,694 Mil. Long-Term Debt & Capital Lease Obligation was ARS133,711 Mil. Total Current Assets was ARS526,370 Mil. Total Current Liabilities was ARS243,575 Mil.
Net Income was -57706.245 + -8320.526 + 14839.489 + -5264.394 = ARS-56,452 Mil.
Revenue was 232483.371 + 205772.897 + 271797.926 + 238692.805 = ARS948,747 Mil. Gross Profit was 22019.745 + 40495.439 + 79534.238 + 63643.362 = ARS205,693 Mil.
Average Total Assets from the begining of last year (Feb24)
to the end of last year (Feb25) was
(476313.066 + 748876.415 + 682512.002 + 793946.245 + 777694.107) / 5 = ARS695868.367 Mil. Total Assets at the begining of last year (Feb24) was ARS476,313 Mil. Long-Term Debt & Capital Lease Obligation was ARS54,681 Mil. Total Current Assets was ARS430,221 Mil. Total Current Liabilities was ARS243,838 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.
Ledesma's current Net Income (TTM) was -27,703.
==> 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.
Ledesma's return on assets of this year was -0.03562136. Ledesma's return on assets of last year was -0.11851801.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Ledesma's current ratio of this year was 2.16101931. Ledesma's current ratio of last year was 1.76437353.
==> This year's current ratio is higher. ==> Score 1.
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.
Ledesma's number of shares in issue this year was 438.188. Ledesma's number of shares in issue last year was 439.065.
==> 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.
Ledesma's gross margin of this year was 0.20068499. Ledesma's gross margin of last year was 0.21680467.
==> 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
Ledesma's asset turnover of this year was 0.95316167. Ledesma's asset turnover of last year was 1.99185592.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Ledesma has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Ledesma (BUE:LEDE) has a Piotroski F-Score of 5 as of Aug. 08, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Ledesma and its competitors. This is near median its historical median of 5.00. Over the past decade, Ledesma's Piotroski F-Score has ranged from 1.00 to 9.00. According to the industry distribution chart, Ledesma ranks #268 out of 545 companies in the Conglomerates industry, placing it in the top 49.2%.
Is Ledesma's Piotroski F-Score too high?
Ledesma's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 9.00. The Conglomerates industry median Piotroski F-Score is 5.00. Ledesma's value of 5 is 0% at this industry median. Based on the distribution chart, Ledesma ranks #268 out of 545 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Ledesma has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ledesma's Piotroski F-Score compare to MMM and HON?
According to the Conglomerates industry distribution chart, Ledesma ranks #268 out of 545 companies for Piotroski F-Score. This puts Ledesma in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Ledesma's value of 5 is 0% at this benchmark. Historically, Ledesma's own Piotroski F-Score has ranged from 1.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Ledesma has consistently been at 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 Conglomerates company?
The median Piotroski F-Score among Conglomerates companies is 5.00, based on 545 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. Ledesma's current Piotroski F-Score of 5 is 0% at 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 Ledesma and its competitors. For the Conglomerates 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. Ledesma's current Piotroski F-Score is 5, which is near 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 Ledesma stock overvalued right now?
Based on GuruFocus' analysis, Ledesma (BUE:LEDE) is currently considered Modestly Undervalued. The stock's GF Value™ is ARS876.26, compared to a current price of ARS740.00 — trading 15.6% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Conglomerates industry median of 5.00. Ledesma's overall GF Score™ is 70/100 with 6 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 Ledesma (BUE:LEDE), the current Piotroski F-Score is 5 as of Aug. 08, 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 Ledesma (BUE:LEDE) Overvalued in 2026?
Based on GuruFocus' analysis, Ledesma stock appears to be undervalued.
The current stock price of ARS740.00 is trading 15.6% below its estimated GF Value™ of ARS876.26.
GuruFocus considers Ledesma to be Modestly Undervalued.
Key valuation signals for BUE:LEDE:
Piotroski F-Score: 5 (near median its 10-year median of 5.00)
GF Value™: ARS876.26 vs. price of ARS740.00 (15.6% below fair value)
Industry Position: 0% at the Conglomerates median (#268 of 545)
No single metric tells the full story. See the BUE:LEDE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ledesma SA is engaged in the production of sugar, paper, alcohol, bioethanol, energy, natural juices, meat, syrups, corn starches and cereals. The company also produces notebooks and other school supplies. The geographical scope of the Ledesma Group's operations is mainly in the Argentine Republic. It mainly carry out activities mainly of sugar sugar mill, alcohol distillery both hydrated intended for traditional uses and anhydrous, for bio-fuels, manufacturing of paper and stationery, production of fruits and juices and Agriculture and Livestock. It is one of the main players in the local markets for the production and marketing of sugar, alcohol, reams of paper, notebooks, coated papers and school supplies, and is the main exporter of oranges and grapefruits in the country.
70GF Score
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