CUYTY (Colruyt Group NV) Piotroski F-Score: 6 (As of Jun. 25, 2026) — 14% Below Median


CUYTY Colruyt Group NV CUYTY
72 GF Score
Price $10.20
GF Value $14.13
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Colruyt Group NV Piotroski F-Score?

Colruyt Group NV CUYTY +6.69% 72 Piotroski F-Score is 6 as of Jun. 25, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates CUYTY with a GF Score™ of 72/100 and a GF Value™ of $14.13 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 298 Retail - Defensive companies, Colruyt Group NV ranks better than 70.81% 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

Colruyt Group NV 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 Colruyt Group NV's Piotroski F-Score or its related term are showing as below:

CUYTY' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of Colruyt Group NV was 9. The lowest was 4. And the median was 7.

Colruyt Group NV  (OTCPK:CUYTY) 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.


Colruyt Group NV Piotroski F-Score Related Terms


Colruyt Group NV Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Colruyt Group NV'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.

Colruyt Group NV Piotroski F-Score Chart

Colruyt Group NV Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 6.00 4.00 9.00 6.00

Colruyt Group NV Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 9.00 0.00 6.00 0.00

CUYTY vs KR, SFM, ACI: Piotroski F-Score Comparison

For the Grocery Stores subindustry, Colruyt Group NV'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.


Colruyt Group NV Piotroski F-Score vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Colruyt Group NV's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Colruyt Group NV's Piotroski F-Score falls into.


CUYTY
72GF Score
Colruyt Group NV CUYTY
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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was $365 Mil.
Cash Flow from Operations was $798 Mil.
Revenue was $11,852 Mil.
Gross Profit was $3,554 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was (7142.609 + 6988.865) / 2 = $7065.737 Mil.
Total Assets at the begining of this year (Mar24) was $7,143 Mil.
Long-Term Debt & Capital Lease Obligation was $809 Mil.
Total Current Assets was $2,288 Mil.
Total Current Liabilities was $2,550 Mil.
Net Income was $1,142 Mil.

Revenue was $11,788 Mil.
Gross Profit was $3,511 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was (6582.013 + 7142.609) / 2 = $6862.311 Mil.
Total Assets at the begining of last year (Mar23) was $6,582 Mil.
Long-Term Debt & Capital Lease Obligation was $876 Mil.
Total Current Assets was $2,671 Mil.
Total Current Liabilities was $2,587 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.

Colruyt Group NV's current Net Income (TTM) was 365. ==> 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.

Colruyt Group NV's current Cash Flow from Operations (TTM) was 798. ==> 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 (Mar24)
=364.649/7142.609
=0.05105263

ROA (Last Year)=Net Income/Total Assets (Mar23)
=1142.283/6582.013
=0.17354615

Colruyt Group NV's return on assets of this year was 0.05105263. Colruyt Group NV's return on assets of last year was 0.17354615. ==> 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.

Colruyt Group NV's current Net Income (TTM) was 365. Colruyt Group NV's current Cash Flow from Operations (TTM) was 798. ==> 798 > 365 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=808.649/7065.737
=0.11444652

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=876.413/6862.311
=0.12771397

Colruyt Group NV's gearing of this year was 0.11444652. Colruyt Group NV's gearing of last year was 0.12771397. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=2288.432/2550.27
=0.8973293

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=2670.761/2587.065
=1.03235172

Colruyt Group NV's current ratio of this year was 0.8973293. Colruyt Group NV's current ratio of last year was 1.03235172. ==> 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.

Colruyt Group NV's number of shares in issue this year was 493.959. Colruyt Group NV's number of shares in issue last year was 504.656. ==> 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
=3554.054/11852.324
=0.29986136

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3511.304/11787.826
=0.29787545

Colruyt Group NV's gross margin of this year was 0.29986136. Colruyt Group NV's gross margin of last year was 0.29787545. ==> 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 (Mar24)
=11852.324/7142.609
=1.65938301

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=11787.826/6582.013
=1.79091503

Colruyt Group NV's asset turnover of this year was 1.65938301. Colruyt Group NV's asset turnover of last year was 1.79091503. ==> 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+1+0
=6

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

Colruyt Group NV 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?
Colruyt Group NV (CUYTY) 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 Colruyt Group NV and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Colruyt Group NV's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Colruyt Group NV ranks #87 out of 298 companies in the Retail - Defensive industry, placing it in the top 29.2%.
Is Colruyt Group NV's Piotroski F-Score too high?
Colruyt Group NV's current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Retail - Defensive industry median Piotroski F-Score is 6.00. Colruyt Group NV's value of 6 is 0% at this industry median. Based on the distribution chart, Colruyt Group NV ranks #87 out of 298 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Colruyt Group NV has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Colruyt Group NV's Piotroski F-Score compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Colruyt Group NV ranks #87 out of 298 companies for Piotroski F-Score. This puts Colruyt Group NV in the upper half of its industry. The industry median Piotroski F-Score is 6.00. Colruyt Group NV's value of 6 is 0% at this benchmark. Historically, Colruyt Group NV's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 6.00, Colruyt Group NV 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 Retail - Defensive company?
The median Piotroski F-Score among Retail - Defensive companies is 6.00, based on 298 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. Colruyt Group NV's current Piotroski F-Score of 6 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 Colruyt Group NV and its competitors. For the Retail - Defensive 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. Colruyt Group NV's current Piotroski F-Score is 6, which is 14% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Colruyt Group NV stock overvalued right now?
Based on GuruFocus' analysis, Colruyt Group NV (CUYTY) is currently considered Modestly Undervalued. The stock's GF Value™ is $14.13, compared to a current price of $10.20 — trading 27.8% below its estimated fair value. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 0% at the Retail - Defensive industry median of 6.00. Colruyt Group NV's overall GF Score™ is 72/100 with 2 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 Colruyt Group NV (CUYTY), 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 Colruyt Group NV (CUYTY) Overvalued in 2026?

Based on GuruFocus' analysis, Colruyt Group NV stock appears to be undervalued. The current stock price of $10.20 is trading 27.8% below its estimated GF Value™ of $14.13. GuruFocus considers Colruyt Group NV to be Modestly Undervalued.

Key valuation signals for CUYTY:

  • Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
  • GF Value™: $14.13 vs. price of $10.20 (27.8% below fair value)
  • GF Score™: 72/100 with 2 warning signs
  • Industry Position: 0% at the Retail - Defensive median (#87 of 298)

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


Colruyt Group NV Business Description

Address Edingensesteenweg 196, Wilgenveld, Halle, BEL, 1500
Colruyt Group NV is a retail group that operates in the areas of expertise Food, Health and Well-being, Non-Food and Energy, mainly in Belgium, but also in other countries, including France and Luxembourg. It operates a chain of supermarkets under the Colruyt brand, offering products at low prices through both physical outlets and webshops. The group is also active in the wholesale segment through Spar stores and the Solucious food service, among other initiatives. Its operating segments are: Food; Health and Well-being and Non-food; and Group activities, Real Estate and Energy. The majority of its revenue is generated from the Food segment, which offers a diverse range of food brands and sells directly to bulk and other consumers through its own stores and online channels (retail).
72GF Score

Get the complete analysis for CUYTY

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

$10.20
Price
$14.13
GF Value