LWSGF (Lewis Group) Piotroski F-Score: 6 (As of Jun. 26, 2026) — 14% Below Median


What is Lewis Group Piotroski F-Score?

Lewis Group LWSGF 95 Piotroski F-Score is 6 as of Jun. 26, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates LWSGF with a GF Score™ of 95/100. The stock has 3 warning signs investors should review. Among 1,101 Retail - Cyclical companies, Lewis Group 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

Lewis Group has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

LWSGF' s Piotroski F-Score Range Over the Past 10 Years
Min: 6   Med: 7   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Lewis Group was 8. The lowest was 6. And the median was 7.

Lewis Group  (OTCPK:LWSGF) 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.


Lewis Group Piotroski F-Score Related Terms


Lewis Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Lewis 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.

Lewis Group Piotroski F-Score Chart

Lewis Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 6.00 8.00 7.00 6.00

Lewis Group Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 8.00 0.00 7.00 0.00 6.00

LWSGF vs CASY, WSM, ULTA: Piotroski F-Score Comparison

For the Specialty Retail subindustry, Lewis 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.


Lewis Group Piotroski F-Score vs Retail - Cyclical Industry

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

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


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 $50.98 Mil.
Cash Flow from Operations was $34.72 Mil.
Revenue was $616.14 Mil.
Gross Profit was $369.92 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (462.127 + 546.832) / 2 = $504.4795 Mil.
Total Assets at the begining of this year (Mar25) was $462.13 Mil.
Long-Term Debt & Capital Lease Obligation was $120.85 Mil.
Total Current Assets was $440.95 Mil.
Total Current Liabilities was $89.70 Mil.
Net Income was $41.33 Mil.

Revenue was $508.54 Mil.
Gross Profit was $304.80 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (399.697 + 462.127) / 2 = $430.912 Mil.
Total Assets at the begining of last year (Mar24) was $399.70 Mil.
Long-Term Debt & Capital Lease Obligation was $38.94 Mil.
Total Current Assets was $363.26 Mil.
Total Current Liabilities was $137.31 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.

Lewis Group's current Net Income (TTM) was 50.98. ==> 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.

Lewis Group's current Cash Flow from Operations (TTM) was 34.72. ==> 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)
=50.975/462.127
=0.11030518

ROA (Last Year)=Net Income/Total Assets (Mar24)
=41.334/399.697
=0.10341334

Lewis Group's return on assets of this year was 0.11030518. Lewis Group's return on assets of last year was 0.10341334. ==> 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.

Lewis Group's current Net Income (TTM) was 50.98. Lewis Group's current Cash Flow from Operations (TTM) was 34.72. ==> 34.72 <= 50.98 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=120.846/504.4795
=0.23954591

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=38.935/430.912
=0.09035488

Lewis Group's gearing of this year was 0.23954591. Lewis Group's gearing of last year was 0.09035488. ==> 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
=440.947/89.699
=4.9158519

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=363.258/137.306
=2.64560908

Lewis Group's current ratio of this year was 4.9158519. Lewis Group's current ratio of last year was 2.64560908. ==> 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.

Lewis Group's number of shares in issue this year was 53.797. Lewis Group's number of shares in issue last year was 53.804. ==> 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
=369.924/616.136
=0.60039342

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=304.798/508.542
=0.59935659

Lewis Group's gross margin of this year was 0.60039342. Lewis Group's gross margin of last year was 0.59935659. ==> 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)
=616.136/462.127
=1.3332612

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=508.542/399.697
=1.27231878

Lewis Group's asset turnover of this year was 1.3332612. Lewis Group's asset turnover of last year was 1.27231878. ==> 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+0+1+1+1+1
=7

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

Lewis Group has an F-score of 7. 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 6 mean?
Lewis Group (LWSGF) has a Piotroski F-Score of 6 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Lewis Group and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Lewis Group's Piotroski F-Score has ranged from 6.00 to 8.00. According to the industry distribution chart, Lewis Group ranks #298 out of 1101 companies in the Retail - Cyclical industry, placing it in the top 27.1%.
Is Lewis Group's Piotroski F-Score too high?
Lewis 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 8.00. The Retail - Cyclical industry median Piotroski F-Score is 5.00. Lewis Group's value of 6 is 20% above this industry median. Based on the distribution chart, Lewis Group ranks #298 out of 1101 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Lewis Group has a GF Score™ of 95/100, reflecting its overall financial health beyond just this single metric.
How does Lewis Group's Piotroski F-Score compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Lewis Group ranks #298 out of 1101 companies for Piotroski F-Score. This puts Lewis Group in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Lewis Group's value of 6 is 20% above this benchmark. Historically, Lewis Group's own Piotroski F-Score has ranged from 6.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Lewis Group 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. Lewis Group'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 Lewis Group 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. Lewis 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 Lewis Group stock overvalued right now?
Lewis Group (LWSGF) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Retail - Cyclical industry median of 5.00. Lewis Group's overall GF Score™ is 95/100 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 Lewis Group (LWSGF), the current Piotroski F-Score is 6 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.

Lewis Group Business Description

Other Exchanges LEW:South Africa
Address 53A Victoria Road, Universal House, Woodstock, Cape Town, ZAF, 7925
Lewis Group Ltd is a South Africa-based retailer of household furniture and electrical appliances through its three trading brands, Lewis, Beares, and Best Home and Electric. Lewis sells a range of household furniture, electrical appliances, and home electronics to customers in the LSM 4 to 7 categories. Best Home and Electric is a retailer of electrical appliances, sound and vision equipment, and furniture, targeting LSM four to seven customers. Its operating segments are Traditional retail and Cash retail. The company generates majority of the revenue from Traditional retail segment. Beares is a retailer of upmarket furniture, electrical appliances, and home electronics to customers in the LSM 6 to 9 categories.