LSDAF (Lassonde Industries) Piotroski F-Score: 8 (As of Jun. 24, 2026) — 14% Above Median


LSDAF Lassonde Industries Inc LSDAF
79 GF Score
Price $155.58
GF Value $148.21
Valuation Fairly Valued
! 1 Warning Sign
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What is Lassonde Industries Piotroski F-Score?

Lassonde Industries LSDAF -3.43% 79 Piotroski F-Score is 8 as of Jun. 24, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates LSDAF with a GF Score™ of 79/100 and a GF Value™ of $148.21 (Fairly Valued). The stock has 1 warning sign investors should review. Among 112 Beverages - Non-Alcoholic companies, Lassonde Industries ranks better than 97.32% 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

Lassonde Industries 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 Lassonde Industries's Piotroski F-Score or its related term are showing as below:

LSDAF' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of Lassonde Industries was 9. The lowest was 4. And the median was 7.

Lassonde Industries  (OTCPK:LSDAF) 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.


Lassonde Industries Piotroski F-Score Related Terms


Lassonde Industries Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Lassonde Industries'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.

Lassonde Industries Piotroski F-Score Chart

Lassonde Industries 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 5.00 5.00 7.00 7.00 7.00

Lassonde Industries 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 6.00 7.00 8.00

LSDAF vs KO, PEP, MNST: Piotroski F-Score Comparison

For the Beverages - Non-Alcoholic subindustry, Lassonde Industries'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.


Lassonde Industries Piotroski F-Score vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Lassonde Industries's Piotroski F-Score distribution charts can be found below:

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


LSDAF
79GF Score
Lassonde Industries Inc LSDAF
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 25.121 + 26.629 + 39.146 + 26.775 = $118 Mil.
Cash Flow from Operations was -2.234 + 85.182 + 88.082 + 51.945 = $223 Mil.
Revenue was 543.182 + 523.243 + 556.788 + 483.998 = $2,107 Mil.
Gross Profit was 143.187 + 142.859 + 163.119 + 137.243 = $586 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1653.971 + 1700.945 + 1656.791 + 1633.162 + 1654.789) / 5 = $1659.9316 Mil.
Total Assets at the begining of this year (Mar25) was $1,654 Mil.
Long-Term Debt & Capital Lease Obligation was $339 Mil.
Total Current Assets was $536 Mil.
Total Current Liabilities was $298 Mil.
Net Income was 24.459 + 21.89 + 19.029 + 17.085 = $82 Mil.

Revenue was 455.796 + 493.332 + 518.083 + 487.36 = $1,955 Mil.
Gross Profit was 128.229 + 132.755 + 135.426 + 127.594 = $524 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1271.575 + 1263.467 + 1546.806 + 1598.816 + 1653.971) / 5 = $1466.927 Mil.
Total Assets at the begining of last year (Mar24) was $1,272 Mil.
Long-Term Debt & Capital Lease Obligation was $306 Mil.
Total Current Assets was $588 Mil.
Total Current Liabilities was $439 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.

Lassonde Industries's current Net Income (TTM) was 118. ==> 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.

Lassonde Industries's current Cash Flow from Operations (TTM) was 223. ==> 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)
=117.671/1653.971
=0.07114454

ROA (Last Year)=Net Income/Total Assets (Mar24)
=82.463/1271.575
=0.06485107

Lassonde Industries's return on assets of this year was 0.07114454. Lassonde Industries's return on assets of last year was 0.06485107. ==> 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.

Lassonde Industries's current Net Income (TTM) was 118. Lassonde Industries's current Cash Flow from Operations (TTM) was 223. ==> 223 > 118 ==> 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
=338.684/1659.9316
=0.20403491

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=306.151/1466.927
=0.20870227

Lassonde Industries's gearing of this year was 0.20403491. Lassonde Industries's gearing of last year was 0.20870227. ==> 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
=536.34/298.253
=1.79827194

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=588.08/439.357
=1.33850149

Lassonde Industries's current ratio of this year was 1.79827194. Lassonde Industries's current ratio of last year was 1.33850149. ==> 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.

Lassonde Industries's number of shares in issue this year was 6.822. Lassonde Industries's number of shares in issue last year was 6.822. ==> 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
=586.408/2107.211
=0.27828632

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=524.004/1954.571
=0.26809157

Lassonde Industries's gross margin of this year was 0.27828632. Lassonde Industries's gross margin of last year was 0.26809157. ==> 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)
=2107.211/1653.971
=1.27403141

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1954.571/1271.575
=1.53712601

Lassonde Industries's asset turnover of this year was 1.27403141. Lassonde Industries's asset turnover of last year was 1.53712601. ==> 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+1+1+1+0
=8

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

Lassonde Industries 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?
Lassonde Industries (LSDAF) has a Piotroski F-Score of 8 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Lassonde Industries and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Lassonde Industries' Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Lassonde Industries ranks #3 out of 112 companies in the Beverages - Non-Alcoholic industry, placing it in the top 2.7%.
Is Lassonde Industries' Piotroski F-Score too high?
Lassonde Industries' current Piotroski F-Score of 8 is 14% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Beverages - Non-Alcoholic industry median Piotroski F-Score is 5.50. Lassonde Industries' value of 8 is 45.5% above this industry median. Based on the distribution chart, Lassonde Industries ranks #3 out of 112 companies in the Beverages - Non-Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Lassonde Industries has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Lassonde Industries' Piotroski F-Score compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Lassonde Industries ranks #3 out of 112 companies for Piotroski F-Score. This places Lassonde Industries in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.50. Lassonde Industries' value of 8 is 45.5% above this benchmark. Historically, Lassonde Industries' own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.50, Lassonde Industries 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 Beverages - Non-Alcoholic company?
The median Piotroski F-Score among Beverages - Non-Alcoholic companies is 5.50, based on 112 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. Lassonde Industries's current Piotroski F-Score of 8 is 45.5% 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 Lassonde Industries and its competitors. For the Beverages - Non-Alcoholic industry, the median Piotroski F-Score is 5.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lassonde Industries's current Piotroski F-Score is 8, which is 14% above 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 Lassonde Industries stock overvalued right now?
Based on GuruFocus' analysis, Lassonde Industries (LSDAF) is currently considered Fairly Valued. The stock's GF Value™ is $148.21, compared to a current price of $155.58 — trading 5% above its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 45.5% above the Beverages - Non-Alcoholic industry median of 5.50. Lassonde Industries' overall GF Score™ is 79/100 with 1 warning sign 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 Lassonde Industries (LSDAF), the current Piotroski F-Score is 8 as of Jun. 24, 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 Lassonde Industries (LSDAF) Overvalued in 2026?

Based on GuruFocus' analysis, Lassonde Industries stock appears to be overvalued. The current stock price of $155.58 is trading 5% above its estimated GF Value™ of $148.21. GuruFocus considers Lassonde Industries to be Fairly Valued.

Key valuation signals for LSDAF:

  • Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
  • GF Value™: $148.21 vs. price of $155.58 (5% above fair value)
  • GF Score™: 79/100 with 1 warning sign
  • Industry Position: 45.5% above the Beverages - Non-Alcoholic median (#3 of 112)

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


Lassonde Industries Business Description

Other Exchanges LAS.A:Canada
Address 755 rue Principale, Rougemont, QC, CAN, J0L 1M0
Lassonde Industries Inc, along with its subsidiaries, operates in the food and beverages industry in North America. The company develops, manufactures, and markets a range of national brand and private label products. Its product portfolio includes fruit juices and drinks, pasta sauces, cranberry sauces, condiments, soups, broths, fruit-based snacks as well as alcoholic beverages such as ciders and wine. The company operates through a single segment. The majority of the revenue is derived from the sale of its products. Geographically, it earns the maximum revenue from the United States, and the rest from Canada and other countries.
79GF Score

Get the complete analysis for LSDAF

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

$155.58
Price
$148.21
GF Value