CAAP (Corporacion America Airports) Piotroski F-Score: 8 (As of Jun. 24, 2026) — 33% Above Median


CAAP Corporacion America Airports SA CAAP
86 GF Score
Price $26.08
GF Value $23.83
Valuation Fairly Valued
! 1 Warning Sign
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What is Corporacion America Airports Piotroski F-Score?

Corporacion America Airports CAAP -0.34% 86 Piotroski F-Score is 8 as of Jun. 24, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates CAAP with a GF Score™ of 86/100 and a GF Value™ of $23.83 (Fairly Valued). The stock has 1 warning sign investors should review. Among 980 Transportation companies, Corporacion America Airports ranks better than 97.35% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

Corporacion America Airports has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

CAAP' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 8
Current: 8

During the past 12 years, the highest Piotroski F-Score of Corporacion America Airports was 8. The lowest was 2. And the median was 6.

Corporacion America Airports  (NYSE:CAAP) 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.


Corporacion America Airports Piotroski F-Score Related Terms


Corporacion America Airports Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Corporacion America Airports'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.

Corporacion America Airports Piotroski F-Score Chart

Corporacion America Airports 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 7.00 7.00 8.00 6.00

Corporacion America Airports 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 6.00 N/A 8.00 6.00 8.00

CAAP vs UP, ASLE, ICTSF: Piotroski F-Score Comparison

For the Airports & Air Services subindustry, Corporacion America Airports'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.


Corporacion America Airports Piotroski F-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Corporacion America Airports's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Corporacion America Airports's Piotroski F-Score falls into.


CAAP
86GF Score
Corporacion America Airports SA CAAP
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 49.341 + 55.052 + 107.739 + 77.054 = $289 Mil.
Cash Flow from Operations was 115.215 + 138.995 + 130.729 + 102.335 = $487 Mil.
Revenue was 476.813 + 527.272 + 562.612 + 537.624 = $2,104 Mil.
Gross Profit was 165.911 + 197.179 + 187.412 + 198.554 = $749 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(4287.711 + 4335.016 + 4294.674 + 4448.677 + 4788.877) / 5 = $4430.991 Mil.
Total Assets at the begining of this year (Mar25) was $4,288 Mil.
Long-Term Debt & Capital Lease Obligation was $942 Mil.
Total Current Assets was $1,049 Mil.
Total Current Liabilities was $748 Mil.
Net Income was 50.226 + 14.675 + 37.781 + 40.772 = $143 Mil.

Revenue was 416.248 + 461.809 + 473.412 + 447.818 = $1,799 Mil.
Gross Profit was 130.174 + 141.964 + 146.598 + 156.484 = $575 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(4024.67 + 4124.491 + 4315.372 + 4181.45 + 4287.711) / 5 = $4186.7388 Mil.
Total Assets at the begining of last year (Mar24) was $4,025 Mil.
Long-Term Debt & Capital Lease Obligation was $1,042 Mil.
Total Current Assets was $763 Mil.
Total Current Liabilities was $549 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.

Corporacion America Airports's current Net Income (TTM) was 289. ==> 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.

Corporacion America Airports's current Cash Flow from Operations (TTM) was 487. ==> 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)
=289.186/4287.711
=0.06744531

ROA (Last Year)=Net Income/Total Assets (Mar24)
=143.454/4024.67
=0.03564367

Corporacion America Airports's return on assets of this year was 0.06744531. Corporacion America Airports's return on assets of last year was 0.03564367. ==> 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.

Corporacion America Airports's current Net Income (TTM) was 289. Corporacion America Airports's current Cash Flow from Operations (TTM) was 487. ==> 487 > 289 ==> 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
=942.002/4430.991
=0.21259398

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1041.502/4186.7388
=0.24876212

Corporacion America Airports's gearing of this year was 0.21259398. Corporacion America Airports's gearing of last year was 0.24876212. ==> 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
=1049.08/748.235
=1.40207288

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=763.392/549.163
=1.39010094

Corporacion America Airports's current ratio of this year was 1.40207288. Corporacion America Airports's current ratio of last year was 1.39010094. ==> 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.

Corporacion America Airports's number of shares in issue this year was 163.945. Corporacion America Airports's number of shares in issue last year was 163.088. ==> 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
=749.056/2104.321
=0.3559609

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=575.22/1799.287
=0.3196933

Corporacion America Airports's gross margin of this year was 0.3559609. Corporacion America Airports's gross margin of last year was 0.3196933. ==> 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)
=2104.321/4287.711
=0.49077958

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1799.287/4024.67
=0.44706448

Corporacion America Airports's asset turnover of this year was 0.49077958. Corporacion America Airports's asset turnover of last year was 0.44706448. ==> 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+1+0+1+1
=8

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

Corporacion America Airports has an F-score of 8. 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 8 mean?
Corporacion America Airports (CAAP) has a Piotroski F-Score of 8 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Corporacion America Airports and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Corporacion America Airports' Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Corporacion America Airports ranks #26 out of 980 companies in the Transportation industry, placing it in the top 2.7%.
Is Corporacion America Airports' Piotroski F-Score too high?
Corporacion America Airports' current Piotroski F-Score of 8 is 33% above 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 8.00. The Transportation industry median Piotroski F-Score is 6.00. Corporacion America Airports' value of 8 is 33.3% above this industry median. Based on the distribution chart, Corporacion America Airports ranks #26 out of 980 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Corporacion America Airports has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Corporacion America Airports' Piotroski F-Score compare to UP and ASLE?
According to the Transportation industry distribution chart, Corporacion America Airports ranks #26 out of 980 companies for Piotroski F-Score. This places Corporacion America Airports in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Corporacion America Airports' value of 8 is 33.3% above this benchmark. Historically, Corporacion America Airports' own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Corporacion America Airports 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 980 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. Corporacion America Airports's current Piotroski F-Score of 8 is 33.3% 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 Corporacion America Airports 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. Corporacion America Airports's current Piotroski F-Score is 8, which is 33% 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 Corporacion America Airports stock overvalued right now?
Based on GuruFocus' analysis, Corporacion America Airports (CAAP) is currently considered Fairly Valued. The stock's GF Value™ is $23.83, compared to a current price of $26.08 — trading 9.4% above its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 33.3% above the Transportation industry median of 6.00. Corporacion America Airports' overall GF Score™ is 86/100 with 1 warning sign 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 Corporacion America Airports (CAAP), the current Piotroski F-Score is 8 as of Jun. 24, 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 Corporacion America Airports (CAAP) Overvalued in 2026?

Based on GuruFocus' analysis, Corporacion America Airports stock appears to be overvalued. The current stock price of $26.08 is trading 9.4% above its estimated GF Value™ of $23.83. GuruFocus considers Corporacion America Airports to be Fairly Valued.

Key valuation signals for CAAP:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: $23.83 vs. price of $26.08 (9.4% above fair value)
  • GF Score™: 86/100 with 1 warning sign
  • Industry Position: 33.3% above the Transportation median (#26 of 980)

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


Corporacion America Airports Business Description

Other Exchanges 8YA:Germany
Address 128, Boulevard de la Petrusse, Grand Duchy of Luxembourg, Luxembourg, LUX, L-2330
Corporacion America Airports SA acquires, develops, and operates airport concessions. Its operating segments are geographically divided into Argentina, Italy, Brazil, Uruguay, Ecuador, and Armenia. The company generates a majority of its revenue from the Argentina segment. The firm's revenue is categorized into Aeronautical Revenue, Non-Aeronautical Revenue, Commercial Revenue, Construction Service Revenue, and Other Revenue.
86GF Score

Get the complete analysis for CAAP

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

$26.08
Price
$23.83
GF Value