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QXOMEX:QXO 12 Piotroski F-Score is 5 as of Sep. 07, 2026, which is at its 10-year median of 5.00. GuruFocus rates MEX:QXO with a GF Score™ of 12/100 and a GF Value™ of MXN342.22 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 156 Industrial Distribution companies, QXO ranks worse than 58.33% 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
QXO has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for QXO's Piotroski F-Score or its related term are showing as below:
MEX:QXO'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 5 Max: 8
Current: 5
During the past 13 years, the highest Piotroski F-Score of QXO was 8. The lowest was 1. And the median was 5.
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.
QXO Piotroski F-Score Related Terms
QXO Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for QXO'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:QXO vs WSO, AIT, WCC: Piotroski F-Score Comparison
For the Industrial Distribution subindustry, QXO'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.
QXO Piotroski F-Score vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, QXO's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where QXO'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 -2557.181 + -1624.114 + -4095.226 + -959.695 = MXN-9,236 Mil. Cash Flow from Operations was 3903.646 + 3359.864 + 1273.109 + -3779.453 = MXN4,757 Mil. Revenue was 50048.481 + 39506.306 + 31200.178 + 56639.454 = MXN177,394 Mil. Gross Profit was 11663.242 + 9541.22 + 7380.784 + 14011.547 = MXN42,597 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(322246.695 + 305300.686 + 286061.958 + 300428.389 + 395481.585) / 5 = MXN321903.8626 Mil. Total Assets at the begining of this year (Jun25) was MXN322,247 Mil. Long-Term Debt & Capital Lease Obligation was MXN119,491 Mil. Total Current Assets was MXN180,562 Mil. Total Current Liabilities was MXN43,884 Mil.
Net Income was 338.673 + 235.669 + 180.032 + -1110.923 = MXN-357 Mil.
Revenue was 257.943 + 308.664 + 276.186 + 35888.455 = MXN36,731 Mil. Gross Profit was 108.297 + 127.22 + 110.474 + 7550.509 = MXN7,897 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(18103.651 + 99701.184 + 106328.615 + 104606.786 + 322246.695) / 5 = MXN130197.3862 Mil. Total Assets at the begining of last year (Jun24) was MXN18,104 Mil. Long-Term Debt & Capital Lease Obligation was MXN74,609 Mil. Total Current Assets was MXN122,292 Mil. Total Current Liabilities was MXN40,773 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.
QXO's current Net Income (TTM) was -9,236.
==> 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.
QXO's current ratio of this year was 4.11451292. QXO's current ratio of last year was 2.99935344.
==> 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.
QXO's number of shares in issue this year was 767.3. QXO's number of shares in issue last year was 564.7.
==> 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.
QXO's gross margin of this year was 0.24012476. QXO's gross margin of last year was 0.21498044.
==> 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
QXO's asset turnover of this year was 0.55049259. QXO's asset turnover of last year was 2.02894145.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
QXO has an F-score of 5 indicating the company's financial situation is typical for a stable company.
QXO (MEX:QXO) has a Piotroski F-Score of 5 as of Sep. 07, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on QXO and its competitors. This is near median its historical median of 5.00. Over the past decade, QXO's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, QXO ranks #91 out of 156 companies in the Industrial Distribution industry, placing it in the top 58.3%.
Is QXO's Piotroski F-Score too high?
QXO's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Industrial Distribution industry median Piotroski F-Score is 6.00. QXO's value of 5 is 16.7% below this industry median. Based on the distribution chart, QXO ranks #91 out of 156 companies in the Industrial Distribution industry, which is below the industry midpoint. Overall, QXO has a GF Score™ of 12/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does QXO's Piotroski F-Score compare to WSO and AIT?
According to the Industrial Distribution industry distribution chart, QXO ranks #91 out of 156 companies for Piotroski F-Score. This places QXO in the lower half of its industry. The industry median Piotroski F-Score is 6.00. QXO's value of 5 is 16.7% below this benchmark. Historically, QXO's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, QXO 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 an Industrial Distribution company?
The median Piotroski F-Score among Industrial Distribution companies is 6.00, based on 156 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. QXO's current Piotroski F-Score of 5 is 16.7% 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 QXO and its competitors. For the Industrial Distribution industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. QXO's current Piotroski F-Score is 5, which is near median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is QXO stock overvalued right now?
Based on GuruFocus' analysis, QXO (MEX:QXO) is currently considered Possible Value Trap. The stock's GF Value™ is MXN342.22, compared to a current price of MXN236.00 — trading 31% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 16.7% below the Industrial Distribution industry median of 6.00. QXO's overall GF Score™ is 12/100 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 QXO (MEX:QXO), the current Piotroski F-Score is 5 as of Sep. 07, 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 QXO (MEX:QXO) Overvalued in 2026?
Based on GuruFocus' analysis, QXO stock appears to be undervalued.
The current stock price of MXN236.00 is trading 31% below its estimated GF Value™ of MXN342.22.
GuruFocus considers QXO to be Possible Value Trap.
Key valuation signals for MEX:QXO:
Piotroski F-Score: 5 (near median its 10-year median of 5.00)
GF Value™: MXN342.22 vs. price of MXN236.00 (31% below fair value)
Industry Position: 16.7% below the Industrial Distribution median (#91 of 156)
No single metric tells the full story. See the MEX:QXO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
QXO Inc is a publicly traded distributor of building products in North America. The company is executing its plan to become the tech-enabled leader in the around $800 billion building products distribution industry and generate outsized value for its shareholders. The group expects to achieve its target of nearly $50 billion in annual revenues within the next decade through accretive acquisitions and organic growth.
12GF Score
Get the complete analysis for MEX:QXO
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