CXMSF (CemexB de CV) Piotroski F-Score: 3 (As of Jun. 24, 2026) — 40% Below Median


CXMSF Cemex SAB de CV CXMSF
57 GF Score
Price $1.25
GF Value $0.73
Valuation Significantly Overvalued
! 10 Warning Signs
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What is CemexB de CV Piotroski F-Score?

CemexB de CV CXMSF 57 Piotroski F-Score is 3 as of Jun. 24, 2026, which is 40% below its 10-year median of 5.00. GuruFocus rates CXMSF with a GF Score™ of 57/100 and a GF Value™ of $0.73 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 395 Building Materials companies, CemexB de CV ranks worse than 86.84% on this metric.

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

CemexB de CV has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for CemexB de CV's Piotroski F-Score or its related term are showing as below:

CXMSF' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 3

During the past 13 years, the highest Piotroski F-Score of CemexB de CV was 7. The lowest was 2. And the median was 5.

CemexB de CV  (OTCPK:CXMSF) 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.


CemexB de CV Piotroski F-Score Related Terms


CemexB de CV Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for CemexB 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.

CemexB de CV Piotroski F-Score Chart

CemexB 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 6.00 5.00 5.00 5.00 4.00

CemexB 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 5.00 5.00 4.00 4.00 3.00

CXMSF vs CRH, VMC, MLM: Piotroski F-Score Comparison

For the Building Materials subindustry, CemexB 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.


CemexB de CV Piotroski F-Score vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, CemexB de CV's Piotroski F-Score distribution charts can be found below:

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


CXMSF
57GF Score
Cemex SAB de CV CXMSF
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 318.018 + 263.699 + -355.676 + 228 = $454 Mil.
Cash Flow from Operations was 0 + 0 + 0 + 141 = $141 Mil.
Revenue was 4125.713 + 4245.421 + 4179.825 + 4019 = $16,570 Mil.
Gross Profit was 1401.061 + 1425.639 + 1363.175 + 1320 = $5,510 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(27974.866 + 28801.933 + 29007.657 + 28945 + 28100) / 5 = $28565.8912 Mil.
Total Assets at the begining of this year (Mar25) was $27,975 Mil.
Long-Term Debt & Capital Lease Obligation was $5,583 Mil.
Total Current Assets was $5,642 Mil.
Total Current Liabilities was $6,519 Mil.
Net Income was 230.388 + 405.717 + 48.499 + 734 = $1,419 Mil.

Revenue was 4356.66 + 4055.028 + 3780.665 + 3614 = $15,806 Mil.
Gross Profit was 1547.911 + 1332.934 + 1215.786 + 1124 = $5,221 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(28602.557 + 28035.163 + 27994.794 + 27299 + 27974.866) / 5 = $27981.276 Mil.
Total Assets at the begining of last year (Mar24) was $28,603 Mil.
Long-Term Debt & Capital Lease Obligation was $0 Mil.
Total Current Assets was $5,400 Mil.
Total Current Liabilities was $6,236 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.

CemexB de CV's current Net Income (TTM) was 454. ==> 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.

CemexB de CV's current Cash Flow from Operations (TTM) was 141. ==> 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)
=454.041/27974.866
=0.01623032

ROA (Last Year)=Net Income/Total Assets (Mar24)
=1418.604/28602.557
=0.0495971

CemexB de CV's return on assets of this year was 0.01623032. CemexB de CV's return on assets of last year was 0.0495971. ==> 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.

CemexB de CV's current Net Income (TTM) was 454. CemexB de CV's current Cash Flow from Operations (TTM) was 141. ==> 141 <= 454 ==> CFROA <= ROA ==> Score 0.

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
=5583/28565.8912
=0.19544288

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/27981.276
=0

CemexB de CV's gearing of this year was 0.19544288. CemexB de CV's gearing of last year was 0. ==> 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
=5642/6519
=0.86547016

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=5400.322/6235.905
=0.86600453

CemexB de CV's current ratio of this year was 0.86547016. CemexB de CV's current ratio of last year was 0.86600453. ==> 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.

CemexB de CV's number of shares in issue this year was 14707.333. CemexB de CV's number of shares in issue last year was 14631.667. ==> 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
=5509.875/16569.959
=0.33252195

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5220.631/15806.353
=0.33028688

CemexB de CV's gross margin of this year was 0.33252195. CemexB de CV's gross margin of last year was 0.33028688. ==> 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)
=16569.959/27974.866
=0.59231594

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=15806.353/28602.557
=0.55262028

CemexB de CV's asset turnover of this year was 0.59231594. CemexB de CV's asset turnover of last year was 0.55262028. ==> 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+0+0+0+0+0+1+1
=4

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

CemexB de CV has an F-score of 4 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 3 mean?
CemexB de CV (CXMSF) has a Piotroski F-Score of 3 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on CemexB de CV and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, CemexB de CV's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, CemexB de CV ranks #343 out of 395 companies in the Building Materials industry, placing it in the top 86.8%.
Is CemexB de CV's Piotroski F-Score too high?
CemexB de CV's current Piotroski F-Score of 3 is 40% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Building Materials industry median Piotroski F-Score is 5.00. CemexB de CV's value of 3 is 40% below this industry median. Based on the distribution chart, CemexB de CV ranks #343 out of 395 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, CemexB de CV has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CemexB de CV's Piotroski F-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, CemexB de CV ranks #343 out of 395 companies for Piotroski F-Score. This places CemexB de CV in the lower half of its industry. The industry median Piotroski F-Score is 5.00. CemexB de CV's value of 3 is 40% below this benchmark. Historically, CemexB de CV's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, CemexB de CV has consistently been below 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 Building Materials company?
The median Piotroski F-Score among Building Materials companies is 5.00, based on 395 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. CemexB de CV's current Piotroski F-Score of 3 is 40% below 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 CemexB de CV and its competitors. For the Building Materials 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. CemexB de CV's current Piotroski F-Score is 3, which is 40% below 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 CemexB de CV stock overvalued right now?
Based on GuruFocus' analysis, CemexB de CV (CXMSF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.73, compared to a current price of $1.25 — trading 71.2% above its estimated fair value. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 40% below the Building Materials industry median of 5.00. CemexB de CV's overall GF Score™ is 57/100 with 10 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 CemexB de CV (CXMSF), the current Piotroski F-Score is 3 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 CemexB de CV (CXMSF) Overvalued in 2026?

Based on GuruFocus' analysis, CemexB de CV stock appears to be overvalued. The current stock price of $1.25 is trading 71.2% above its estimated GF Value™ of $0.73. GuruFocus considers CemexB de CV to be Significantly Overvalued.

Key valuation signals for CXMSF:

  • Piotroski F-Score: 3 (40% below median its 10-year median of 5.00)
  • GF Value™: $0.73 vs. price of $1.25 (71.2% above fair value)
  • GF Score™: 57/100 with 10 warning signs
  • Industry Position: 40% below the Building Materials median (#343 of 395)

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


CemexB de CV Business Description

Address Avenida Ricardo Margain Zozaya, No.325, Colonia Valle del Campestre, San Pedro Garza Garcia, NL, MEX, 66265
Cemex SAB de CV is a ready-mix concrete company that mainly engaged in activities that are oriented to the construction industry, mainly through the production, marketing, sale, and distribution of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and also provide related services and reliable construction-related services to customers and communities and maintain business relationships in more than 60 countries throughout the world. The company operates in different parts of the world, with operations in Mexico, the United States, the EMEA region and the SCA&C region.
57GF Score

Get the complete analysis for CXMSF

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

$1.25
Price
$0.73
GF Value