Innovation Beverage GroupIBG -4.72%10 Piotroski F-Score is 4 as of Jul. 04, 2026, which is at its 10-year median of 4.00. GuruFocus rates IBG with a GF Score™ of 10/100. The stock has 3 warning signs investors should review. Among 209 Beverages - Alcoholic companies, Innovation Beverage Group ranks worse than 64.59% 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
Innovation Beverage Group 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 Innovation Beverage Group's Piotroski F-Score or its related term are showing as below:
IBG'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 4 Max: 6
Current: 4
During the past 5 years, the highest Piotroski F-Score of Innovation Beverage Group was 6. The lowest was 3. And the median was 4.
Innovation Beverage Group (NAS:IBG) 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.
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.
Innovation Beverage Group Piotroski F-Score Related Terms
Innovation Beverage Group Piotroski F-Score Historical Data
* 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.
For the Beverages - Wineries & Distilleries subindustry, Innovation Beverage Group'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.
Innovation Beverage Group Piotroski F-Score vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Innovation Beverage Group's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Innovation Beverage Group'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.
*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.
Innovation Beverage Group's current Net Income (TTM) was -2.57.
==> 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.
Score 1 if positive, 0 if negative.
Innovation Beverage Group's current Cash Flow from Operations (TTM) was -1.58.
==> Negative ==> Score 0.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Innovation Beverage Group's return on assets of this year was -0.52128954. Innovation Beverage Group's return on assets of last year was -0.44137629.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Innovation Beverage Group's gearing of this year was 0.00809143. Innovation Beverage Group'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
Innovation Beverage Group's current ratio of this year was 1.13608428. Innovation Beverage Group's current ratio of last year was 0.48375029.
==> 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.
Innovation Beverage Group's number of shares in issue this year was 0.332. Innovation Beverage Group's number of shares in issue last year was 0.334.
==> 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.
Innovation Beverage Group's gross margin of this year was 0.76151484. Innovation Beverage Group's gross margin of last year was 0.65247776.
==> 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
Innovation Beverage Group's asset turnover of this year was 0.59428224. Innovation Beverage Group's asset turnover of last year was 0.689897.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Innovation Beverage Group has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Innovation Beverage Group (IBG) has a Piotroski F-Score of 4 as of Jul. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Innovation Beverage Group and its competitors. This is near median its historical median of 4.00. Over the past decade, Innovation Beverage Group's Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, Innovation Beverage Group ranks #135 out of 209 companies in the Beverages - Alcoholic industry, placing it in the top 64.6%.
Is Innovation Beverage Group's Piotroski F-Score too high?
Innovation Beverage Group's current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 6.00. The Beverages - Alcoholic industry median Piotroski F-Score is 5.00. Innovation Beverage Group's value of 4 is 20% below this industry median. Based on the distribution chart, Innovation Beverage Group ranks #135 out of 209 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, Innovation Beverage Group has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Innovation Beverage Group's Piotroski F-Score compare to SBEV and BF.B?
According to the Beverages - Alcoholic industry distribution chart, Innovation Beverage Group ranks #135 out of 209 companies for Piotroski F-Score. This places Innovation Beverage Group in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Innovation Beverage Group's value of 4 is 20% below this benchmark. Historically, Innovation Beverage Group's own Piotroski F-Score has ranged from 3.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Innovation Beverage Group 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 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. Innovation Beverage Group's current Piotroski F-Score of 4 is 20% 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 Innovation Beverage Group 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. Innovation Beverage Group's current Piotroski F-Score is 4, which is near median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innovation Beverage Group stock overvalued right now?
Innovation Beverage Group (IBG) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Beverages - Alcoholic industry median of 5.00. Innovation Beverage Group's overall GF Score™ is 10/100 with 3 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 Innovation Beverage Group (IBG), the current Piotroski F-Score is 4 as of Jul. 04, 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.
Innovation Beverage Group Ltd is a developer, manufacturer, marketer, exporter, and retailer of a growing beverage portfolio of 70 formulations across 14 alcoholic and non-alcoholic brands. The company's focus is on premium and super premium brands. The Group has two reportable geographic segments: Australia and the United States.
10GF Score
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