GoProMEX:GPRON 48 Piotroski F-Score is 2 as of Jun. 26, 2026, which is 50% below its 10-year median of 4.00. GuruFocus rates MEX:GPRON with a GF Score™ of 48/100 and a GF Value™ of MXN19.66 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 2,426 Hardware companies, GoPro ranks worse than 93.4% on this metric.
Warning Sign:
Piotroski F-Score of 2 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
GoPro 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 GoPro's Piotroski F-Score or its related term are showing as below:
MEX:GPRON'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 4 Max: 7
Current: 2
During the past 13 years, the highest Piotroski F-Score of GoPro was 7. The lowest was 1. And the median was 4.
GoPro (MEX:GPRON) 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.
GoPro Piotroski F-Score Related Terms
GoPro Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for GoPro'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:GPRON vs TBCH, ZEPP, UEIC: Piotroski F-Score Comparison
For the Consumer Electronics subindustry, GoPro'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.
GoPro Piotroski F-Score vs Hardware Industry
For the Hardware industry and Technology sector, GoPro's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where GoPro'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 -309.213 + -389.851 + -163.924 + -1457.403 = MXN-2,320 Mil. Cash Flow from Operations was 164.793 + 223.102 + 280.943 + -660.321 = MXN9 Mil. Revenue was 2874.146 + 2988.6 + 3631.264 + 1786.409 = MXN11,280 Mil. Gross Profit was 1029.261 + 1048.683 + 1155.732 + 77.649 = MXN3,311 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(9462.122 + 8265.831 + 9880.333 + 7706.134 + 6876.86) / 5 = MXN8438.256 Mil. Total Assets at the begining of this year (Mar25) was MXN9,462 Mil. Long-Term Debt & Capital Lease Obligation was MXN115 Mil. Total Current Assets was MXN3,738 Mil. Total Current Liabilities was MXN6,435 Mil.
Net Income was -876.086 + -161.677 + -775.644 + -955.582 = MXN-2,769 Mil.
Revenue was 3411.643 + 5097.779 + 4189.535 + 2747.7 = MXN15,447 Mil. Gross Profit was 1038.933 + 1808.475 + 1453.663 + 882.751 = MXN5,184 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(9555.377 + 10199.791 + 13027.162 + 11338.785 + 9462.122) / 5 = MXN10716.6474 Mil. Total Assets at the begining of last year (Mar24) was MXN9,555 Mil. Long-Term Debt & Capital Lease Obligation was MXN340 Mil. Total Current Assets was MXN5,705 Mil. Total Current Liabilities was MXN6,483 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.
GoPro's current Net Income (TTM) was -2,320.
==> Negative ==> Score 0.
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.
GoPro's current ratio of this year was 0.58088011. GoPro's current ratio of last year was 0.87995253.
==> 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.
GoPro's number of shares in issue this year was 163.208. GoPro's number of shares in issue last year was 156.438.
==> 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.
GoPro's gross margin of this year was 0.29354628. GoPro's gross margin of last year was 0.33559507.
==> Last year's gross margin is higher ==> Score 0.
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
GoPro's asset turnover of this year was 1.19216588. GoPro's asset turnover of last year was 1.61654082.
==> 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
GoPro has an F-score of 4 indicating the company's financial situation is typical for a stable company.
GoPro (MEX:GPRON) has a Piotroski F-Score of 2 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on GoPro and its competitors. This is 50% below median its historical median of 4.00. Over the past decade, GoPro's Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, GoPro ranks #2266 out of 2426 companies in the Hardware industry, placing it in the top 93.4%.
Is GoPro's Piotroski F-Score too high?
GoPro's current Piotroski F-Score of 2 is 50% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 7.00. The Hardware industry median Piotroski F-Score is 5.00. GoPro's value of 2 is 60% below this industry median. Based on the distribution chart, GoPro ranks #2266 out of 2426 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, GoPro has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does GoPro's Piotroski F-Score compare to TBCH and ZEPP?
According to the Hardware industry distribution chart, GoPro ranks #2266 out of 2426 companies for Piotroski F-Score. This places GoPro in the lower half of its industry. The industry median Piotroski F-Score is 5.00. GoPro's value of 2 is 60% below this benchmark. Historically, GoPro's own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, GoPro has consistently been below 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,426 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. GoPro's current Piotroski F-Score of 2 is 60% below 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 GoPro and its competitors. For the Hardware 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. GoPro's current Piotroski F-Score is 2, which is 50% below median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GoPro stock overvalued right now?
Based on GuruFocus' analysis, GoPro (MEX:GPRON) is currently considered Possible Value Trap. The stock's GF Value™ is MXN19.66, compared to a current price of MXN13.00 — trading 33.9% below its estimated fair value. The current Piotroski F-Score is 2, which is 50% below median its 10-year median of 4.00 and 60% below the Hardware industry median of 5.00. GoPro's overall GF Score™ is 48/100 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 GoPro (MEX:GPRON), the current Piotroski F-Score is 2 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.
Is GoPro (MEX:GPRON) Overvalued in 2026?
Based on GuruFocus' analysis, GoPro stock appears to be undervalued.
The current stock price of MXN13.00 is trading 33.9% below its estimated GF Value™ of MXN19.66.
GuruFocus considers GoPro to be Possible Value Trap.
Key valuation signals for MEX:GPRON:
Piotroski F-Score: 2 (50% below median its 10-year median of 4.00)
GF Value™: MXN19.66 vs. price of MXN13.00 (33.9% below fair value)
Industry Position: 60% below the Hardware median (#2266 of 2426)
No single metric tells the full story. See the MEX:GPRON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GoPro Inc is a United States-based company that is principally engaged in designing and providing cameras, mounts and accessories, lifestyle gear, applications, and subscriptions and services. The company sells products across the world through retailers, distributors, and on GoPro.com. Its hardware products are designed and developed in the United States, France, China, and Romania, and a majority of the manufacturing is outsourced to contract manufacturers located in China, Thailand, and Vietnam. Geographically, the company generates maximum revenue from the Americas, followed by Europe, Middle East and Africa (EMEA), and Asia and Pacific (APAC) region.
48GF Score
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