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CencoraMEX:COR 55 Piotroski F-Score is 5 as of Aug. 02, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates MEX:COR with a GF Score™ of 55/100 and a GF Value™ of MXN5,101.55 (Fairly Valued). The stock has 1 warning sign investors should review. Among 114 Medical Distribution companies, Cencora ranks better than 54.39% 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
Cencora has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Cencora's Piotroski F-Score or its related term are showing as below:
MEX:COR'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 8
Current: 5
During the past 13 years, the highest Piotroski F-Score of Cencora was 8. The lowest was 3. 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.
Cencora Piotroski F-Score Related Terms
Cencora Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Cencora'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:COR vs CAH, MCK, HSIC: Piotroski F-Score Comparison
For the Medical Distribution subindustry, Cencora'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.
Cencora Piotroski F-Score vs Medical Distribution Industry
For the Medical Distribution industry and Healthcare sector, Cencora's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Cencora'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 (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 12943.23 + -6231.598 + 10076.836 + 29597.648 = MXN46,386 Mil. Cash Flow from Operations was 2057.034 + 57480.028 + -41506.181 + 24139.276 = MXN42,170 Mil. Revenue was 1518829.777 + 1535933.341 + 1547266.101 + 1412968.728 = MXN6,014,998 Mil. Gross Profit was 54738.65 + 54181.007 + 55314.789 + 64707.441 = MXN228,942 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1456498.514 + 1392549.356 + 1404984.333 + 1410948.512 + 1472407.825) / 5 = MXN1427477.708 Mil. Total Assets at the begining of this year (Mar25) was MXN1,456,499 Mil. Long-Term Debt & Capital Lease Obligation was MXN221,065 Mil. Total Current Assets was MXN958,274 Mil. Total Current Liabilities was MXN1,012,217 Mil.
Net Income was 8857.092 + 66.593 + 10190.095 + 14686.349 = MXN33,800 Mil.
Revenue was 1360109.235 + 1556520.303 + 1699469.676 + 1543646.334 = MXN6,159,746 Mil. Gross Profit was 44165.683 + 49076.438 + 53349.673 + 62598.185 = MXN209,190 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1059970.378 + 1223277.668 + 1321251.955 + 1440176.055 + 1456498.514) / 5 = MXN1300234.914 Mil. Total Assets at the begining of last year (Mar24) was MXN1,059,970 Mil. Long-Term Debt & Capital Lease Obligation was MXN146,094 Mil. Total Current Assets was MXN952,022 Mil. Total Current Liabilities was MXN1,091,003 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.
Cencora's current Net Income (TTM) was 46,386.
==> 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.
Cencora's current ratio of this year was 0.94670848. Cencora's current ratio of last year was 0.87261175.
==> 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.
Cencora's number of shares in issue this year was 195.383. Cencora's number of shares in issue last year was 195.094.
==> 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.
Cencora's gross margin of this year was 0.03806184. Cencora's gross margin of last year was 0.03396081.
==> 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
Cencora's asset turnover of this year was 4.12976593. Cencora's asset turnover of last year was 5.8112431.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Cencora has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Cencora (MEX:COR) has a Piotroski F-Score of 5 as of Aug. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Cencora and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Cencora's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Cencora ranks #52 out of 114 companies in the Medical Distribution industry, placing it in the top 45.6%.
Is Cencora's Piotroski F-Score too high?
Cencora'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 3.00 to a high of 8.00. The Medical Distribution industry median Piotroski F-Score is 5.00. Cencora's value of 5 is 0% at this industry median. Based on the distribution chart, Cencora ranks #52 out of 114 companies in the Medical Distribution industry, which is above the industry midpoint. Overall, Cencora has a GF Score™ of 55/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cencora's Piotroski F-Score compare to CAH and MCK?
According to the Medical Distribution industry distribution chart, Cencora ranks #52 out of 114 companies for Piotroski F-Score. This puts Cencora in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Cencora's value of 5 is 0% at this benchmark. Historically, Cencora's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Cencora 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 Medical Distribution company?
The median Piotroski F-Score among Medical Distribution companies is 5.00, based on 114 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. Cencora'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 Cencora and its competitors. For the Medical Distribution 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. Cencora'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 Cencora stock overvalued right now?
Based on GuruFocus' analysis, Cencora (MEX:COR) is currently considered Fairly Valued. The stock's GF Value™ is MXN5,101.55, compared to a current price of MXN5,413.67 — trading 6.1% above its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Medical Distribution industry median of 5.00. Cencora's overall GF Score™ is 55/100 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 Cencora (MEX:COR), the current Piotroski F-Score is 5 as of Aug. 02, 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 Cencora (MEX:COR) Overvalued in 2026?
Based on GuruFocus' analysis, Cencora stock appears to be overvalued.
The current stock price of MXN5,413.67 is trading 6.1% above its estimated GF Value™ of MXN5,101.55.
GuruFocus considers Cencora to be Fairly Valued.
Key valuation signals for MEX:COR:
Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
GF Value™: MXN5,101.55 vs. price of MXN5,413.67 (6.1% above fair value)
Industry Position: 0% at the Medical Distribution median (#52 of 114)
No single metric tells the full story. See the MEX:COR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cencora is one of three leading domestic pharmaceutical wholesalers. It sources and distributes branded, generic, and specialty pharmaceutical products to pharmacies (retail chains, independent, and mail order), hospital networks, and healthcare providers. It and McKesson and Cardinal Health hold over 90% share of the US pharmaceutical wholesale industry. Cencora also provides commercialization services for manufacturers of pharmaceuticals and medical devices, global specialty drug logistics (World Courier), and animal health product distribution (MWI Animal Health). Cencora expanded its international presence in 2021 by purchasing Alliance Healthcare, one of the leading drug wholesalers in Europe.
55GF Score
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