Premier Group (JSE:PMR) Piotroski F-Score: 6 (As of Jun. 28, 2026) — 14% Below Median


JSE:PMR Premier Group Ltd JSE:PMR
61 GF Score
Price R195.00
GF Value R143.97
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Premier Group Piotroski F-Score?

Premier Group JSE:PMR +1.23% 61 Piotroski F-Score is 6 as of Jun. 28, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates JSE:PMR with a GF Score™ of 61/100 and a GF Value™ of R143.97 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 296 Retail - Defensive companies, Premier Group ranks better than 70.61% 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

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

JSE:PMR' s Piotroski F-Score Range Over the Past 10 Years
Min: 6   Med: 7   Max: 7
Current: 6

During the past 4 years, the highest Piotroski F-Score of Premier Group was 7. The lowest was 6. And the median was 7.

Premier Group  (JSE:PMR) 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.


Premier Group Piotroski F-Score Related Terms


Premier Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Premier Group'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.

Premier Group Piotroski F-Score Chart

Premier Group Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
N/A N/A 7.00 6.00

Premier Group Semi-Annual Data
Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Piotroski F-Score Get a 7-Day Free Trial N/A 0.00 7.00 0.00 6.00

JSE:PMR vs KR, SFM, ACI: Piotroski F-Score Comparison

For the Grocery Stores subindustry, Premier 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.


Premier Group Piotroski F-Score vs Retail - Defensive Industry

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

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


JSE:PMR
61GF Score
Premier Group Ltd JSE:PMR
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 R1,561 Mil.
Cash Flow from Operations was R2,023 Mil.
Revenue was R21,192 Mil.
Gross Profit was R7,663 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (11466.937 + 22052.653) / 2 = R16759.795 Mil.
Total Assets at the begining of this year (Mar25) was R11,467 Mil.
Long-Term Debt & Capital Lease Obligation was R2,040 Mil.
Total Current Assets was R8,697 Mil.
Total Current Liabilities was R6,515 Mil.
Net Income was R1,207 Mil.

Revenue was R19,885 Mil.
Gross Profit was R6,896 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (10425.5 + 11466.937) / 2 = R10946.2185 Mil.
Total Assets at the begining of last year (Mar24) was R10,426 Mil.
Long-Term Debt & Capital Lease Obligation was R2,120 Mil.
Total Current Assets was R4,778 Mil.
Total Current Liabilities was R3,543 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.

Premier Group's current Net Income (TTM) was 1,561. ==> 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.

Premier Group's current Cash Flow from Operations (TTM) was 2,023. ==> 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)
=1560.774/11466.937
=0.1361108

ROA (Last Year)=Net Income/Total Assets (Mar24)
=1206.559/10425.5
=0.11573152

Premier Group's return on assets of this year was 0.1361108. Premier Group's return on assets of last year was 0.11573152. ==> 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.

Premier Group's current Net Income (TTM) was 1,561. Premier Group's current Cash Flow from Operations (TTM) was 2,023. ==> 2,023 > 1,561 ==> 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
=2040.378/16759.795
=0.12174242

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=2119.894/10946.2185
=0.19366451

Premier Group's gearing of this year was 0.12174242. Premier Group's gearing of last year was 0.19366451. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=8696.883/6514.669
=1.33496928

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=4777.904/3542.627
=1.34868955

Premier Group's current ratio of this year was 1.33496928. Premier Group's current ratio of last year was 1.34868955. ==> 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.

Premier Group's number of shares in issue this year was 138.839. Premier Group's number of shares in issue last year was 134.403. ==> 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
=7663.135/21192.328
=0.36159949

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=6895.946/19884.658
=0.34679731

Premier Group's gross margin of this year was 0.36159949. Premier Group's gross margin of last year was 0.34679731. ==> 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)
=21192.328/11466.937
=1.84812457

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=19884.658/10425.5
=1.90730977

Premier Group's asset turnover of this year was 1.84812457. Premier Group's asset turnover of last year was 1.90730977. ==> 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+1+1+1+0+0+1+0
=6

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

Premier Group 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?
Premier Group (JSE:PMR) has a Piotroski F-Score of 6 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Premier Group and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Premier Group's Piotroski F-Score has ranged from 6.00 to 7.00. According to the industry distribution chart, Premier Group ranks #87 out of 296 companies in the Retail - Defensive industry, placing it in the top 29.4%.
Is Premier Group's Piotroski F-Score too high?
Premier Group'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 6.00 to a high of 7.00. The Retail - Defensive industry median Piotroski F-Score is 6.00. Premier Group's value of 6 is 0% at this industry median. Based on the distribution chart, Premier Group ranks #87 out of 296 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Premier Group has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Premier Group's Piotroski F-Score compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Premier Group ranks #87 out of 296 companies for Piotroski F-Score. This puts Premier Group in the upper half of its industry. The industry median Piotroski F-Score is 6.00. Premier Group's value of 6 is 0% at this benchmark. Historically, Premier Group's own Piotroski F-Score has ranged from 6.00 to 7.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 6.00, Premier Group 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 296 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. Premier Group'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 Premier Group 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. Premier Group'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 Premier Group stock overvalued right now?
Based on GuruFocus' analysis, Premier Group (JSE:PMR) is currently considered Significantly Overvalued. The stock's GF Value™ is R143.97, compared to a current price of R195.00 — trading 35.4% above 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. Premier Group's overall GF Score™ is 61/100 with 4 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 Premier Group (JSE:PMR), the current Piotroski F-Score is 6 as of Jun. 28, 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 Premier Group (JSE:PMR) Overvalued in 2026?

Based on GuruFocus' analysis, Premier Group stock appears to be overvalued. The current stock price of R195.00 is trading 35.4% above its estimated GF Value™ of R143.97. GuruFocus considers Premier Group to be Significantly Overvalued.

Key valuation signals for JSE:PMR:

  • Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
  • GF Value™: R143.97 vs. price of R195.00 (35.4% above fair value)
  • GF Score™: 61/100 with 4 warning signs
  • Industry Position: 0% at the Retail - Defensive median (#87 of 296)

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


Premier Group Business Description

Address Maxwell Office Park, Building 5, Magwa Crescent West, Isando, ZAF, 1600
Premier Group Ltd is engaged in the manufacturing and distribution of staple milling and baking products, confectionery and home and personal care (HPC) products. The company is organized into two segments Millbake and Groceries and International. It derives maximum revenue from Millbake segment.
61GF Score

Get the complete analysis for JSE:PMR

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

R195.00
Price
R143.97
GF Value