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AccelB de CV (MEX:ACCELSAB) 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.
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.
AccelB de CV Piotroski F-Score Related Terms
AccelB de CV Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for AccelB de CV'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.
MEX:ACCELSAB vs CTAS, CPRT, GPN: Piotroski F-Score Comparison
For the Specialty Business Services subindustry, AccelB de CV'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.
AccelB de CV Piotroski F-Score vs Business Services Industry
For the Business Services industry and Industrials sector, AccelB de CV's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where AccelB de CV's Piotroski F-Score falls into.
* 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 (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was 60.965 + 2.002 + 9.063 + 90.416 = MXN162 Mil. Cash Flow from Operations was 1333.26458 + 150.06042 + 425.21 + 420.274 = MXN2,329 Mil. Revenue was 3928.043 + 3947.269 + 3793.21 + 3786.895 = MXN15,455 Mil. Gross Profit was 1135.552 + 1137.173 + 1038.836 + 1196.539 = MXN4,508 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(15049.81 + 15246.917 + 15153.414 + 15215.363 + 14844.841) / 5 = MXN15102.069 Mil. Total Assets at the begining of this year (Jun25) was MXN15,050 Mil. Long-Term Debt & Capital Lease Obligation was MXN3,383 Mil. Total Current Assets was MXN5,761 Mil. Total Current Liabilities was MXN4,115 Mil.
Net Income was 84.86 + 159.922 + 46.187 + 84.983 = MXN376 Mil.
Revenue was 3614.3 + 3734.111 + 3611.4 + 3753.477 = MXN14,713 Mil. Gross Profit was 968.705 + 1110.405 + 995.901 + 1147.048 = MXN4,222 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(13091.165 + 14283.114 + 15541.221 + 15981.355 + 15049.81) / 5 = MXN14789.333 Mil. Total Assets at the begining of last year (Jun24) was MXN13,091 Mil. Long-Term Debt & Capital Lease Obligation was MXN4,238 Mil. Total Current Assets was MXN5,690 Mil. Total Current Liabilities was MXN3,401 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.
AccelB de CV's current Net Income (TTM) was 162.
==> 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.
AccelB de CV's return on assets of this year was 0.01079389. AccelB de CV's return on assets of last year was 0.02871799.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
AccelB de CV's gearing of this year was 0.22402083. AccelB de CV's gearing of last year was 0.28653307.
==> 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
AccelB de CV's current ratio of this year was 1.40006717. AccelB de CV's current ratio of last year was 1.67299314.
==> 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.
AccelB de CV's number of shares in issue this year was 0. AccelB de CV's number of shares in issue last year was 0.
==> 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.
AccelB de CV's gross margin of this year was 0.29168414. AccelB de CV's gross margin of last year was 0.28695551.
==> 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
AccelB de CV's asset turnover of this year was 1.02695097. AccelB de CV's asset turnover of last year was 1.12390975.
==> 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
+
0
+
1
+
1
+
0
+
1
+
1
+
0
=
6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
AccelB de CV has an F-score of 6 indicating the company's financial situation is typical for a stable company.
AccelB de CV (MEX:ACCELSAB) has a Piotroski F-Score of 5 as of Sep. 20, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on AccelB de CV and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, AccelB de CV's Piotroski F-Score has ranged from 4.00 to 8.00.
Is AccelB de CV's Piotroski F-Score too high?
AccelB de CV's current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Business Services industry median Piotroski F-Score is 5.00. AccelB de CV's value of 5 is 0% at this industry median. Overall, AccelB de CV has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does AccelB de CV's Piotroski F-Score compare to CTAS and CPRT?
AccelB de CV's Piotroski F-Score of 5 can be compared against companies in the Business Services industry. The industry median Piotroski F-Score is 5.00. AccelB de CV's value of 5 is 0% at this benchmark. Historically, AccelB de CV's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, AccelB de CV 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,059 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. AccelB de CV'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 AccelB de CV and its competitors. For the Business Services 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. AccelB de CV's current Piotroski F-Score is 5, which is 17% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AccelB de CV stock overvalued right now?
AccelB de CV (MEX:ACCELSAB) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Business Services industry median of 5.00. AccelB de CV's overall GF Score™ is 46/100 with 6 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 AccelB de CV (MEX:ACCELSAB), the current Piotroski F-Score is 5 as of Sep. 20, 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.
Accel SAB de CV manages logistics and manufacturing operations. Its logistics division offers invetntory, warehousing, and transportation services. Accel's manufacturing division produces and distributes packaged foods.
46GF Score
Get the complete analysis for MEX:ACCELSAB
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