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Amer SportsMEX:ASN 66 Piotroski F-Score is 7 as of Sep. 18, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates MEX:ASN with a GF Score™ of 66/100 and a GF Value™ of MXN790.35 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 830 Travel & Leisure companies, Amer Sports ranks better than 88.07% on this metric.
Good Sign:
Piotroski F-Score is 7, 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
Amer Sports 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 Amer Sports's Piotroski F-Score or its related term are showing as below:
MEX:ASN'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 6 Max: 7
Current: 7
During the past 6 years, the highest Piotroski F-Score of Amer Sports was 7. The lowest was 5. And the median was 6.
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.
Amer Sports Piotroski F-Score Related Terms
Amer Sports Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Amer Sports'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:ASN vs HAS, LTH, GOLF: Piotroski F-Score Comparison
For the Leisure subindustry, Amer Sports'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.
Amer Sports Piotroski F-Score vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Amer Sports's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Amer Sports'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 2625.055 + 2367.75 + 2968.182 + 1870.533 = MXN9,832 Mil. Cash Flow from Operations was 0 + 0 + 3092.608 + 2913.983 = MXN6,007 Mil. Revenue was 32217.918 + 37831.776 + 35082.618 + 28487.237 = MXN133,620 Mil. Gross Profit was 18311.18 + 21824.709 + 21015.309 + 18698.348 = MXN79,850 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(169818.672 + 178149.698 + 181216.567 + 180518.147 + 178454.413) / 5 = MXN177631.4994 Mil. Total Assets at the begining of this year (Jun25) was MXN169,819 Mil. Long-Term Debt & Capital Lease Obligation was MXN13,525 Mil. Total Current Assets was MXN60,604 Mil. Total Current Liabilities was MXN34,446 Mil.
Net Income was 1098.719 + 321.178 + 2753.674 + 342.691 = MXN4,516 Mil.
Revenue was 26656.728 + 34109.497 + 30124.7 + 23278.54 = MXN114,169 Mil. Gross Profit was 14714.561 + 19135.105 + 17411.974 + 13611.629 = MXN64,873 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(151043.753 + 173833.845 + 175106.543 + 174455.255 + 169818.672) / 5 = MXN168851.6136 Mil. Total Assets at the begining of last year (Jun24) was MXN151,044 Mil. Long-Term Debt & Capital Lease Obligation was MXN24,627 Mil. Total Current Assets was MXN48,515 Mil. Total Current Liabilities was MXN30,353 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.
Amer Sports's current Net Income (TTM) was 9,832.
==> 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.
Amer Sports's return on assets of this year was 0.05789422. Amer Sports's return on assets of last year was 0.02990036.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Amer Sports's gearing of this year was 0.0761392. Amer Sports's gearing of last year was 0.14584824.
==> 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
Amer Sports's current ratio of this year was 1.75938402. Amer Sports's current ratio of last year was 1.59838713.
==> 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.
Amer Sports's number of shares in issue this year was 589.087. Amer Sports's number of shares in issue last year was 560.799.
==> 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.
Amer Sports's gross margin of this year was 0.5975888. Amer Sports's gross margin of last year was 0.56821909.
==> 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
Amer Sports's asset turnover of this year was 0.78683661. Amer Sports's asset turnover of last year was 0.75587016.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Amer Sports has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Amer Sports (MEX:ASN) has a Piotroski F-Score of 7 as of Sep. 18, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Amer Sports and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Amer Sports' Piotroski F-Score has ranged from 5.00 to 7.00. According to the industry distribution chart, Amer Sports ranks #99 out of 830 companies in the Travel & Leisure industry, placing it in the top 11.9%.
Is Amer Sports' Piotroski F-Score too high?
Amer Sports' current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 7.00. The Travel & Leisure industry median Piotroski F-Score is 5.00. Amer Sports' value of 7 is 40% above this industry median. Based on the distribution chart, Amer Sports ranks #99 out of 830 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Amer Sports has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Amer Sports' Piotroski F-Score compare to HAS and LTH?
According to the Travel & Leisure industry distribution chart, Amer Sports ranks #99 out of 830 companies for Piotroski F-Score. This places Amer Sports in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Amer Sports' value of 7 is 40% above this benchmark. Historically, Amer Sports' own Piotroski F-Score has ranged from 5.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Amer Sports 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 Travel & Leisure company?
The median Piotroski F-Score among Travel & Leisure companies is 5.00, based on 830 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. Amer Sports's current Piotroski F-Score of 7 is 40% 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 Amer Sports and its competitors. For the Travel & Leisure 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. Amer Sports's current Piotroski F-Score is 7, which is 17% above 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 Amer Sports stock overvalued right now?
Based on GuruFocus' analysis, Amer Sports (MEX:ASN) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN790.35, compared to a current price of MXN570.00 — trading 27.9% below its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Travel & Leisure industry median of 5.00. Amer Sports' overall GF Score™ is 66/100 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 Amer Sports (MEX:ASN), the current Piotroski F-Score is 7 as of Sep. 18, 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 Amer Sports (MEX:ASN) Overvalued in 2026?
Based on GuruFocus' analysis, Amer Sports stock appears to be undervalued.
The current stock price of MXN570.00 is trading 27.9% below its estimated GF Value™ of MXN790.35.
GuruFocus considers Amer Sports to be Modestly Undervalued.
Key valuation signals for MEX:ASN:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: MXN790.35 vs. price of MXN570.00 (27.9% below fair value)
Industry Position: 40% above the Travel & Leisure median (#99 of 830)
No single metric tells the full story. See the MEX:ASN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Amer Sports manages a diverse portfolio of 10 outdoor and action sports brands that collectively generated revenue of $6.6 billion in 2025. Although primarily owned by the Chinese conglomerate Anta Sports, Amer operates with a degree of autonomy. In its rapidly expanding China business, the company is subject to closer oversight, but it manages its operations outside of China with relative independence. In 2025, the firm generated 32% of its revenue from the Americas, 28% from Europe, the Middle East, and Africa, 28% from China, and 12% from the Asia-Pacific, excluding China.
66GF Score
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