CBYDF (Corby Spirit and Wine) Piotroski F-Score: 6 (As of Jun. 27, 2026) — Near Median


CBYDF Corby Spirit and Wine Ltd CBYDF
94 GF Score
Price $11.37
GF Value $11.30
Valuation Fairly Valued
! 6 Warning Signs
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What is Corby Spirit and Wine Piotroski F-Score?

Corby Spirit and Wine CBYDF 94 Piotroski F-Score is 6 as of Jun. 27, 2026, which is at its 10-year median of 6.00. GuruFocus rates CBYDF with a GF Score™ of 94/100 and a GF Value™ of $11.30 (Fairly Valued). The stock has 6 warning signs investors should review. Among 209 Beverages - Alcoholic companies, Corby Spirit and Wine ranks better than 71.77% 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

Corby Spirit and Wine has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Corby Spirit and Wine's Piotroski F-Score or its related term are showing as below:

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

During the past 13 years, the highest Piotroski F-Score of Corby Spirit and Wine was 9. The lowest was 5. And the median was 6.

Corby Spirit and Wine  (OTCPK:CBYDF) 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.


Corby Spirit and Wine Piotroski F-Score Related Terms


Corby Spirit and Wine Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Corby Spirit and Wine'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.

Corby Spirit and Wine Piotroski F-Score Chart

Corby Spirit and Wine Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 5.00 6.00 5.00 6.00

Corby Spirit and Wine 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 5.00 6.00 8.00 7.00 6.00

CBYDF vs BF.B: Piotroski F-Score Comparison

For the Beverages - Wineries & Distilleries subindustry, Corby Spirit and Wine'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.


Corby Spirit and Wine Piotroski F-Score vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Corby Spirit and Wine's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Corby Spirit and Wine's Piotroski F-Score falls into.


CBYDF
94GF Score
Corby Spirit and Wine Ltd CBYDF
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 4.537 + 7.357 + 6.406 + 5.777 = $24.1 Mil.
Cash Flow from Operations was 11.365 + 4.046 + 22.776 + -12.841 = $25.3 Mil.
Revenue was 52.677 + 54.498 + 48.506 + 42.47 = $198.2 Mil.
Gross Profit was 24.982 + 26.446 + 23.111 + 21.671 = $96.2 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(269.167 + 294.709 + 283.392 + 286.636 + 287.58) / 5 = $284.2968 Mil.
Total Assets at the begining of this year (Mar25) was $269.2 Mil.
Long-Term Debt & Capital Lease Obligation was $75.0 Mil.
Total Current Assets was $126.1 Mil.
Total Current Liabilities was $49.4 Mil.
Net Income was 3.494 + 6.865 + 5.545 + 2.805 = $18.7 Mil.

Revenue was 48.536 + 48.069 + 43.274 + 33.45 = $173.3 Mil.
Gross Profit was 23.681 + 24.323 + 21.941 + 17.169 = $87.1 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(290.296 + 306.806 + 293.554 + 279.331 + 269.167) / 5 = $287.8308 Mil.
Total Assets at the begining of last year (Mar24) was $290.3 Mil.
Long-Term Debt & Capital Lease Obligation was $72.4 Mil.
Total Current Assets was $106.3 Mil.
Total Current Liabilities was $39.1 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.

Corby Spirit and Wine's current Net Income (TTM) was 24.1. ==> 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.

Corby Spirit and Wine's current Cash Flow from Operations (TTM) was 25.3. ==> 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)
=24.077/269.167
=0.08945004

ROA (Last Year)=Net Income/Total Assets (Mar24)
=18.709/290.296
=0.06444801

Corby Spirit and Wine's return on assets of this year was 0.08945004. Corby Spirit and Wine's return on assets of last year was 0.06444801. ==> 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.

Corby Spirit and Wine's current Net Income (TTM) was 24.1. Corby Spirit and Wine's current Cash Flow from Operations (TTM) was 25.3. ==> 25.3 > 24.1 ==> 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
=75.011/284.2968
=0.2638475

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=72.403/287.8308
=0.25154709

Corby Spirit and Wine's gearing of this year was 0.2638475. Corby Spirit and Wine's gearing of last year was 0.25154709. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=126.141/49.392
=2.55387512

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=106.335/39.128
=2.7176191

Corby Spirit and Wine's current ratio of this year was 2.55387512. Corby Spirit and Wine's current ratio of last year was 2.7176191. ==> 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.

Corby Spirit and Wine's number of shares in issue this year was 28.469. Corby Spirit and Wine's number of shares in issue last year was 28.469. ==> 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
=96.21/198.151
=0.48553881

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=87.114/173.329
=0.50259333

Corby Spirit and Wine's gross margin of this year was 0.48553881. Corby Spirit and Wine's gross margin of last year was 0.50259333. ==> 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 (Mar25)
=198.151/269.167
=0.73616379

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=173.329/290.296
=0.59707678

Corby Spirit and Wine's asset turnover of this year was 0.73616379. Corby Spirit and Wine's asset turnover of last year was 0.59707678. ==> 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+0+0+1+0+1
=6

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

Corby Spirit and Wine has an F-score of 6 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?
Corby Spirit and Wine (CBYDF) has a Piotroski F-Score of 6 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Corby Spirit and Wine and its competitors. This is near median its historical median of 6.00. Over the past decade, Corby Spirit and Wine's Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, Corby Spirit and Wine ranks #59 out of 209 companies in the Beverages - Alcoholic industry, placing it in the top 28.2%.
Is Corby Spirit and Wine's Piotroski F-Score too high?
Corby Spirit and Wine's 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 5.00 to a high of 9.00. The Beverages - Alcoholic industry median Piotroski F-Score is 5.00. Corby Spirit and Wine's value of 6 is 20% above this industry median. Based on the distribution chart, Corby Spirit and Wine ranks #59 out of 209 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, Corby Spirit and Wine has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Corby Spirit and Wine's Piotroski F-Score compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Corby Spirit and Wine ranks #59 out of 209 companies for Piotroski F-Score. This puts Corby Spirit and Wine in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Corby Spirit and Wine's value of 6 is 20% above this benchmark. Historically, Corby Spirit and Wine's own Piotroski F-Score has ranged from 5.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Corby Spirit and Wine 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 - Alcoholic company?
The median Piotroski F-Score among Beverages - Alcoholic companies is 5.00, based on 209 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. Corby Spirit and Wine'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 Corby Spirit and Wine and its competitors. For the Beverages - Alcoholic 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. Corby Spirit and Wine'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 Corby Spirit and Wine stock overvalued right now?
Based on GuruFocus' analysis, Corby Spirit and Wine (CBYDF) is currently considered Fairly Valued. The stock's GF Value™ is $11.30, compared to a current price of $11.37 — trading 0.6% above 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 Beverages - Alcoholic industry median of 5.00. Corby Spirit and Wine's overall GF Score™ is 94/100 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 Corby Spirit and Wine (CBYDF), the current Piotroski F-Score is 6 as of Jun. 27, 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 Corby Spirit and Wine (CBYDF) Overvalued in 2026?

Based on GuruFocus' analysis, Corby Spirit and Wine stock appears to be overvalued. The current stock price of $11.37 is trading 0.6% above its estimated GF Value™ of $11.30. GuruFocus considers Corby Spirit and Wine to be Fairly Valued.

Key valuation signals for CBYDF:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: $11.30 vs. price of $11.37 (0.6% above fair value)
  • GF Score™: 94/100 with 6 warning signs
  • Industry Position: 20% above the Beverages - Alcoholic median (#59 of 209)

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


Corby Spirit and Wine Business Description

Address 225 King Street West, Suite 1100, Toronto, ON, CAN, M5V 3M2
Corby Spirit and Wine Ltd is a Canadian manufacturer, marketer, and importer of spirits, wines, and ready-to-drink cocktails. The company derives its revenues from the sale of its owned brands in Canada and other international markets, as well as earning commissions from representing selected non-owned brands in the Canadian market. It has two reportable segments: Case Goods and Commissions. Maximum revenue is generated from its Case Goods segment, which is involved in the production and distribution of its owned beverage alcohol brands. Corby's portfolio of owned brands includes J. P. Wiser's Canadian whisky, Lamb's rum, Polar Ice vodka, McGuinness liqueurs, and Cottage Springs and Nude RTD beverages. Geographically, it derives key revenue from Canada, followed by the USA, UK, and others.
94GF Score

Get the complete analysis for CBYDF

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

$11.37
Price
$11.30
GF Value