Cashbuild (JSE:CSB) Piotroski F-Score: 8 (As of Jun. 26, 2026) — 60% Above Median


JSE:CSB Cashbuild Ltd JSE:CSB
75 GF Score
Price R115.00
GF Value R182.42
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Cashbuild Piotroski F-Score?

Cashbuild JSE:CSB -1.54% 75 Piotroski F-Score is 8 as of Jun. 26, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates JSE:CSB with a GF Score™ of 75/100 and a GF Value™ of R182.42 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,101 Retail - Cyclical companies, Cashbuild ranks better than 98.37% on this metric.

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

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

Cashbuild has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

JSE:CSB' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Cashbuild was 8. The lowest was 2. And the median was 5.

Cashbuild  (JSE:CSB) 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.


Cashbuild Piotroski F-Score Related Terms


Cashbuild Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Cashbuild'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.

Cashbuild Piotroski F-Score Chart

Cashbuild 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 8.00 3.00 5.00 5.00 8.00

Cashbuild Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 5.00 0.00 8.00 0.00

JSE:CSB vs HD, LOW, FND: Piotroski F-Score Comparison

For the Home Improvement Retail subindustry, Cashbuild'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.


Cashbuild Piotroski F-Score vs Retail - Cyclical Industry

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

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


JSE:CSB
75GF Score
Cashbuild Ltd JSE:CSB
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 (Jun25) TTM:Last Year (Jun24) TTM:
Net Income was R221 Mil.
Cash Flow from Operations was R1,478 Mil.
Revenue was R11,478 Mil.
Gross Profit was R2,845 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (5594.273 + 6606.849) / 2 = R6100.561 Mil.
Total Assets at the begining of this year (Jun24) was R5,594 Mil.
Long-Term Debt & Capital Lease Obligation was R1,095 Mil.
Total Current Assets was R4,033 Mil.
Total Current Liabilities was R3,586 Mil.
Net Income was R89 Mil.

Revenue was R11,192 Mil.
Gross Profit was R2,770 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (6272.943 + 5594.273) / 2 = R5933.608 Mil.
Total Assets at the begining of last year (Jun23) was R6,273 Mil.
Long-Term Debt & Capital Lease Obligation was R1,243 Mil.
Total Current Assets was R2,981 Mil.
Total Current Liabilities was R2,500 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.

Cashbuild's current Net Income (TTM) was 221. ==> 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.

Cashbuild's current Cash Flow from Operations (TTM) was 1,478. ==> 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 (Jun24)
=221.172/5594.273
=0.03953543

ROA (Last Year)=Net Income/Total Assets (Jun23)
=88.601/6272.943
=0.01412431

Cashbuild's return on assets of this year was 0.03953543. Cashbuild's return on assets of last year was 0.01412431. ==> 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.

Cashbuild's current Net Income (TTM) was 221. Cashbuild's current Cash Flow from Operations (TTM) was 1,478. ==> 1,478 > 221 ==> 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: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=1094.606/6100.561
=0.17942711

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=1243.469/5933.608
=0.20956373

Cashbuild's gearing of this year was 0.17942711. Cashbuild's gearing of last year was 0.20956373. ==> 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: Jun25)=Total Current Assets/Total Current Liabilities
=4032.649/3585.847
=1.12460152

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=2981.068/2500.412
=1.19223072

Cashbuild's current ratio of this year was 1.12460152. Cashbuild's current ratio of last year was 1.19223072. ==> 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.

Cashbuild's number of shares in issue this year was 21.119. Cashbuild's number of shares in issue last year was 21.511. ==> 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
=2844.78/11477.631
=0.24785428

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2769.729/11191.654
=0.24748165

Cashbuild's gross margin of this year was 0.24785428. Cashbuild's gross margin of last year was 0.24748165. ==> 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 (Jun24)
=11477.631/5594.273
=2.05167517

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=11191.654/6272.943
=1.78411537

Cashbuild's asset turnover of this year was 2.05167517. Cashbuild's asset turnover of last year was 1.78411537. ==> 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+1+0+1+1+1
=8

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

Cashbuild has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Cashbuild (JSE:CSB) has a Piotroski F-Score of 8 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Cashbuild and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Cashbuild's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Cashbuild ranks #18 out of 1101 companies in the Retail - Cyclical industry, placing it in the top 1.6%.
Is Cashbuild's Piotroski F-Score too high?
Cashbuild's current Piotroski F-Score of 8 is 60% above 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 8.00. The Retail - Cyclical industry median Piotroski F-Score is 5.00. Cashbuild's value of 8 is 60% above this industry median. Based on the distribution chart, Cashbuild ranks #18 out of 1101 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Cashbuild has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cashbuild's Piotroski F-Score compare to HD and LOW?
According to the Retail - Cyclical industry distribution chart, Cashbuild ranks #18 out of 1101 companies for Piotroski F-Score. This places Cashbuild in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Cashbuild's value of 8 is 60% above this benchmark. Historically, Cashbuild's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Cashbuild 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. Cashbuild's current Piotroski F-Score of 8 is 60% 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 Cashbuild 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. Cashbuild's current Piotroski F-Score is 8, which is 60% above 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 Cashbuild stock overvalued right now?
Based on GuruFocus' analysis, Cashbuild (JSE:CSB) is currently considered Significantly Undervalued. The stock's GF Value™ is R182.42, compared to a current price of R115.00 — trading 37% below its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 60% above the Retail - Cyclical industry median of 5.00. Cashbuild's overall GF Score™ is 75/100 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 Cashbuild (JSE:CSB), the current Piotroski F-Score is 8 as of Jun. 26, 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 Cashbuild (JSE:CSB) Overvalued in 2026?

Based on GuruFocus' analysis, Cashbuild stock appears to be undervalued. The current stock price of R115.00 is trading 37% below its estimated GF Value™ of R182.42. GuruFocus considers Cashbuild to be Significantly Undervalued.

Key valuation signals for JSE:CSB:

  • Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
  • GF Value™: R182.42 vs. price of R115.00 (37% below fair value)
  • GF Score™: 75/100 with 3 warning signs
  • Industry Position: 60% above the Retail - Cyclical median (#18 of 1101)

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


Cashbuild Business Description

Address 2 Handel Road, Ormonde, Johannesburg, GT, ZAF, 2001
Cashbuild Ltd is a South Africa-based retailer of building materials and related products. The Group's reportable segments include Cashbuild (South Africa), P&L Hardware (South Africa), Cashbuild common monetary operations (Eswatini, Lesotho, Namibia), and non-common monetary operations (Botswana, Malawi, Zambia). Its stores operate across towns, townships, rural areas, and metropolitan locations. Products include cement, roofing, timber, bricks, decorative items, plumbing, hardware, ceilings, electrical goods, and tools, with a portion being cement-related. Customers range from homebuilders, contractors, farmers, and traders to construction companies and government-linked developers. The Cashbuild (South Africa) segment generates the majority of the Group's revenue.
75GF Score

Get the complete analysis for JSE:CSB

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

R115.00
Price
R182.42
GF Value