INREF (InRetail Peru) Piotroski F-Score: 6 (As of Jun. 27, 2026) — Near Median


INREF InRetail Peru Corp INREF
73 GF Score
Price $26.84
GF Value $24.15
! 10 Warning Signs
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What is InRetail Peru Piotroski F-Score?

InRetail Peru INREF +8.56% 73 Piotroski F-Score is 6 as of Jun. 27, 2026, which is at its 10-year median of 6.00. GuruFocus rates INREF with a GF Score™ of 73/100 and a GF Value™ of $24.15. The stock has 10 warning signs investors should review. Among 1,101 Retail - Cyclical companies, InRetail Peru ranks better than 72.93% 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

InRetail Peru 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 InRetail Peru's Piotroski F-Score or its related term are showing as below:

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

During the past 13 years, the highest Piotroski F-Score of InRetail Peru was 9. The lowest was 4. And the median was 6.

InRetail Peru  (OTCPK:INREF) 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.


InRetail Peru Piotroski F-Score Related Terms


InRetail Peru Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for InRetail Peru'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.

InRetail Peru Piotroski F-Score Chart

InRetail Peru 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 9.00 7.00 4.00

InRetail Peru 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 7.00 7.00 4.00 4.00 6.00

INREF vs DDS, M: Piotroski F-Score Comparison

For the Department Stores subindustry, InRetail Peru'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.


InRetail Peru Piotroski F-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, InRetail Peru's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where InRetail Peru's Piotroski F-Score falls into.


INREF
73GF Score
InRetail Peru Corp INREF
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 65.493 + 70.794 + 98.393 + 53.656 = $288 Mil.
Cash Flow from Operations was 218.059 + 211.576 + 416.245 + 50.106 = $896 Mil.
Revenue was 1615.137 + 1649.238 + 1831.422 + 1779.723 = $6,876 Mil.
Gross Profit was 455.039 + 465.653 + 521.328 + 496.97 = $1,939 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(6579.921 + 6525.81 + 6637.433 + 6851.941 + 6967.5) / 5 = $6712.521 Mil.
Total Assets at the begining of this year (Mar25) was $6,580 Mil.
Long-Term Debt & Capital Lease Obligation was $2,572 Mil.
Total Current Assets was $1,780 Mil.
Total Current Liabilities was $1,927 Mil.
Net Income was 53.197 + 81.099 + 86.241 + 56.442 = $277 Mil.

Revenue was 1519.545 + 1593.11 + 1723.197 + 1615.331 = $6,451 Mil.
Gross Profit was 431.739 + 458.706 + 490.509 + 438.577 = $1,820 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(6239.012 + 6214.791 + 6374.079 + 6540.337 + 6579.921) / 5 = $6389.628 Mil.
Total Assets at the begining of last year (Mar24) was $6,239 Mil.
Long-Term Debt & Capital Lease Obligation was $2,309 Mil.
Total Current Assets was $1,602 Mil.
Total Current Liabilities was $2,004 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.

InRetail Peru's current Net Income (TTM) was 288. ==> 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.

InRetail Peru's current Cash Flow from Operations (TTM) was 896. ==> 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)
=288.336/6579.921
=0.04382059

ROA (Last Year)=Net Income/Total Assets (Mar24)
=276.979/6239.012
=0.04439469

InRetail Peru's return on assets of this year was 0.04382059. InRetail Peru's return on assets of last year was 0.04439469. ==> 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.

InRetail Peru's current Net Income (TTM) was 288. InRetail Peru's current Cash Flow from Operations (TTM) was 896. ==> 896 > 288 ==> 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
=2572.259/6712.521
=0.38320312

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=2308.929/6389.628
=0.36135578

InRetail Peru's gearing of this year was 0.38320312. InRetail Peru's gearing of last year was 0.36135578. ==> 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
=1779.548/1927.408
=0.92328557

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1602.297/2004.314
=0.79942414

InRetail Peru's current ratio of this year was 0.92328557. InRetail Peru's current ratio of last year was 0.79942414. ==> 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.

InRetail Peru's number of shares in issue this year was 108.747. InRetail Peru's number of shares in issue last year was 108.747. ==> 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
=1938.99/6875.52
=0.28201358

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1819.531/6451.183
=0.2820461

InRetail Peru's gross margin of this year was 0.28201358. InRetail Peru's gross margin of last year was 0.2820461. ==> 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)
=6875.52/6579.921
=1.0449244

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=6451.183/6239.012
=1.03400715

InRetail Peru's asset turnover of this year was 1.0449244. InRetail Peru's asset turnover of last year was 1.03400715. ==> 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+1+0+1+1+0+1
=6

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

InRetail Peru 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?
InRetail Peru (INREF) 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 InRetail Peru and its competitors. This is near median its historical median of 6.00. Over the past decade, InRetail Peru's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, InRetail Peru ranks #298 out of 1101 companies in the Retail - Cyclical industry, placing it in the top 27.1%.
Is InRetail Peru's Piotroski F-Score too high?
InRetail Peru'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 4.00 to a high of 9.00. The Retail - Cyclical industry median Piotroski F-Score is 5.00. InRetail Peru's value of 6 is 20% above this industry median. Based on the distribution chart, InRetail Peru ranks #298 out of 1101 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, InRetail Peru has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does InRetail Peru's Piotroski F-Score compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, InRetail Peru ranks #298 out of 1101 companies for Piotroski F-Score. This puts InRetail Peru in the upper half of its industry. The industry median Piotroski F-Score is 5.00. InRetail Peru's value of 6 is 20% above this benchmark. Historically, InRetail Peru'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 6.00 vs. the industry median of 5.00, InRetail Peru 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 Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 5.00, based on 1,101 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. InRetail Peru'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 InRetail Peru and its competitors. For the Retail - Cyclical 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. InRetail Peru'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 InRetail Peru stock overvalued right now?
InRetail Peru (INREF) has a current Piotroski F-Score of 6. The stock's GF Value™ is $24.15, compared to a current price of $26.84 — trading 11.1% 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 Retail - Cyclical industry median of 5.00. InRetail Peru's overall GF Score™ is 73/100 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 InRetail Peru (INREF), 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 InRetail Peru (INREF) Overvalued in 2026?

Based on GuruFocus' analysis, InRetail Peru stock appears to be overvalued. The current stock price of $26.84 is trading 11.1% above its estimated GF Value™ of $24.15.

Key valuation signals for INREF:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: $24.15 vs. price of $26.84 (11.1% above fair value)
  • GF Score™: 73/100 with 10 warning signs
  • Industry Position: 20% above the Retail - Cyclical median (#298 of 1101)

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


InRetail Peru Business Description

Other Exchanges INRETC1:Peru
Address Calle Morelli 139, San Borja, Lima, PER
InRetail Peru Corp operates supermarkets, hypermarkets, pharmacies and shopping centers, as well as real estate development and digital services. Its operations are concentrated in Peru; however, it maintains operations in the exterior mainly related to the commercialization of pharmaceuticals and consumer products. The company's reportable segments include: i) Food Retail, ii) Pharmacies, iii) Shopping Malls and iv) Digital. It generates the majority of its revenue from the Food Retail segment. Geographically, it derives a majority of its revenue from Peru and also has a presence in Ecuador and Other countries. The company brands include Plaza Vea, Plaza Vea Super, Plaza Vea Express, Vivanda, Mass, and Makro brands.
73GF Score

Get the complete analysis for INREF

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

$26.84
Price
$24.15
GF Value