We Buy Cars Holding (JSE:WBC) Piotroski F-Score: 5 (As of Jun. 27, 2026) — Near Median


JSE:WBC We Buy Cars Holding Ltd JSE:WBC
18 GF Score
Price R33.87
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What is We Buy Cars Holding Piotroski F-Score?

We Buy Cars Holding JSE:WBC -1.74% 18 Piotroski F-Score is 5 as of Jun. 27, 2026, which is at its 10-year median of 5.00. GuruFocus rates JSE:WBC with a GF Score™ of 18/100. Among 1,287 Vehicles & Parts companies, We Buy Cars Holding ranks better than 52.37% 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

We Buy Cars Holding has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

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

During the past 4 years, the highest Piotroski F-Score of We Buy Cars Holding was 5. The lowest was 5. And the median was 5.

We Buy Cars Holding  (JSE:WBC) 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.


We Buy Cars Holding Piotroski F-Score Related Terms


We Buy Cars Holding Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for We Buy Cars Holding'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.

We Buy Cars Holding Piotroski F-Score Chart

We Buy Cars Holding Annual Data
Trend Mar21 Sep23 Sep24 Sep25
Piotroski F-Score
N/A N/A 5.00 5.00

We Buy Cars Holding Semi-Annual Data
Mar21 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Piotroski F-Score Get a 7-Day Free Trial 0.00 5.00 0.00 5.00 0.00

JSE:WBC vs CVNA, PAG, ALTB: Piotroski F-Score Comparison

For the Auto & Truck Dealerships subindustry, We Buy Cars Holding'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.


We Buy Cars Holding Piotroski F-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, We Buy Cars Holding's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where We Buy Cars Holding's Piotroski F-Score falls into.


JSE:WBC
18GF Score
We Buy Cars Holding Ltd JSE:WBC
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 (Sep25) TTM:Last Year (Sep24) TTM:
Net Income was R935 Mil.
Cash Flow from Operations was R677 Mil.
Revenue was R26,656 Mil.
Gross Profit was R3,568 Mil.
Average Total Assets from the begining of this year (Sep24)
to the end of this year (Sep25) was (4186.861 + 5352.695) / 2 = R4769.778 Mil.
Total Assets at the begining of this year (Sep24) was R4,187 Mil.
Long-Term Debt & Capital Lease Obligation was R776 Mil.
Total Current Assets was R3,345 Mil.
Total Current Liabilities was R1,514 Mil.
Net Income was R343 Mil.

Revenue was R23,520 Mil.
Gross Profit was R3,192 Mil.
Average Total Assets from the begining of last year (Sep23)
to the end of last year (Sep24) was (4257.444 + 4186.861) / 2 = R4222.1525 Mil.
Total Assets at the begining of last year (Sep23) was R4,257 Mil.
Long-Term Debt & Capital Lease Obligation was R971 Mil.
Total Current Assets was R2,819 Mil.
Total Current Liabilities was R904 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.

We Buy Cars Holding's current Net Income (TTM) was 935. ==> 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.

We Buy Cars Holding's current Cash Flow from Operations (TTM) was 677. ==> 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 (Sep24)
=935.392/4186.861
=0.22341129

ROA (Last Year)=Net Income/Total Assets (Sep23)
=343.094/4257.444
=0.08058685

We Buy Cars Holding's return on assets of this year was 0.22341129. We Buy Cars Holding's return on assets of last year was 0.08058685. ==> 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.

We Buy Cars Holding's current Net Income (TTM) was 935. We Buy Cars Holding's current Cash Flow from Operations (TTM) was 677. ==> 677 <= 935 ==> 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: Sep25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep24 to Sep25
=775.82/4769.778
=0.16265327

Gearing (Last Year: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=971.139/4222.1525
=0.2300104

We Buy Cars Holding's gearing of this year was 0.16265327. We Buy Cars Holding's gearing of last year was 0.2300104. ==> 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: Sep25)=Total Current Assets/Total Current Liabilities
=3345.179/1514.478
=2.2088

Current Ratio (Last Year: Sep24)=Total Current Assets/Total Current Liabilities
=2819.489/903.511
=3.12059178

We Buy Cars Holding's current ratio of this year was 2.2088. We Buy Cars Holding's current ratio of last year was 3.12059178. ==> 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.

We Buy Cars Holding's number of shares in issue this year was 422.693. We Buy Cars Holding's number of shares in issue last year was 376.432. ==> 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
=3568.196/26656.249
=0.13385964

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3192.098/23520.268
=0.13571691

We Buy Cars Holding's gross margin of this year was 0.13385964. We Buy Cars Holding's gross margin of last year was 0.13571691. ==> 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 (Sep24)
=26656.249/4186.861
=6.36664293

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep23)
=23520.268/4257.444
=5.52450437

We Buy Cars Holding's asset turnover of this year was 6.36664293. We Buy Cars Holding's asset turnover of last year was 5.52450437. ==> 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+0+1+0+0+0+1
=5

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

We Buy Cars Holding has an F-score of 5 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 5 mean?
We Buy Cars Holding (JSE:WBC) has a Piotroski F-Score of 5 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on We Buy Cars Holding and its competitors. This is near median its historical median of 5.00. Over the past decade, We Buy Cars Holding's Piotroski F-Score has ranged from 5.00 to 5.00. According to the industry distribution chart, We Buy Cars Holding ranks #613 out of 1287 companies in the Vehicles & Parts industry, placing it in the top 47.6%.
Is We Buy Cars Holding's Piotroski F-Score too high?
We Buy Cars Holding's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 5.00. The Vehicles & Parts industry median Piotroski F-Score is 5.00. We Buy Cars Holding's value of 5 is 0% at this industry median. Based on the distribution chart, We Buy Cars Holding ranks #613 out of 1287 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, We Buy Cars Holding has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does We Buy Cars Holding's Piotroski F-Score compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, We Buy Cars Holding ranks #613 out of 1287 companies for Piotroski F-Score. This puts We Buy Cars Holding in the upper half of its industry. The industry median Piotroski F-Score is 5.00. We Buy Cars Holding's value of 5 is 0% at this benchmark. Historically, We Buy Cars Holding's own Piotroski F-Score has ranged from 5.00 to 5.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, We Buy Cars Holding 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 Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 5.00, based on 1,287 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. We Buy Cars Holding's current Piotroski F-Score of 5 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 We Buy Cars Holding and its competitors. For the Vehicles & Parts 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. We Buy Cars Holding's current Piotroski F-Score is 5, which is near 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 We Buy Cars Holding stock overvalued right now?
We Buy Cars Holding (JSE:WBC) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Vehicles & Parts industry median of 5.00. We Buy Cars Holding's overall GF Score™ is 18/100. 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 We Buy Cars Holding (JSE:WBC), the current Piotroski F-Score is 5 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.

We Buy Cars Holding Business Description

Address 6 Byls Bridge Boulevard, Building 7, Byls Bridge Office Park, Centurion, GT, ZAF, 0046
We Buy Cars Holding Ltd is an automotive retailer focused on buying, reconditioning, and retail sales through both physical supermarkets and its digital platforms. The company's two reportable segments are: i) Buyer, distributor and retailer of pre-owned motor vehicles with the attendant sale of finance and insurance products and other ancillary products. ii) Property rental: Rental of warehouses to group companies. The majority of the company's revenue is derived from the Buyer, distributor and retailer of pre-owned motor vehicles segment.
18GF Score

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

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