Grupo TMM (MEX:TMMA) Piotroski F-Score: 7 (As of Jul. 14, 2026) — 17% Above Median

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MEX:TMMA Grupo TMM SA MEX:TMMA
45 GF Score
Price MXN10.00
GF Value MXN4.62
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Grupo TMM Piotroski F-Score?

Grupo TMM MEX:TMMA 45 Piotroski F-Score is 7 as of Jul. 14, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates MEX:TMMA with a GF Score™ of 45/100 and a GF Value™ of MXN4.62 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 978 Transportation companies, Grupo TMM ranks better than 86.91% 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

Grupo TMM 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 Grupo TMM's Piotroski F-Score or its related term are showing as below:

MEX:TMMA' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Grupo TMM was 8. The lowest was 2. And the median was 6.

Grupo TMM  (MEX:TMMA) 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.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

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.


Grupo TMM Piotroski F-Score Related Terms


Grupo TMM Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Grupo TMM'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.

Grupo TMM Piotroski F-Score Chart

Grupo TMM Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 8.00 5.00 7.00 6.00

Grupo TMM Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 7.00 7.00 6.00 7.00

MEX:TMMA vs KEX: Piotroski F-Score Comparison

For the Marine Shipping subindustry, Grupo TMM'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.


Grupo TMM Piotroski F-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Grupo TMM's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Grupo TMM's Piotroski F-Score falls into.


MEX:TMMA
45GF Score
Grupo TMM SA MEX:TMMA
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* 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 116.2 + 97.9 + 49.412 + 1.9 = MXN265 Mil.
Cash Flow from Operations was 67.8 + 76.1 + -42.421 + 114.3 = MXN216 Mil.
Revenue was 475.5 + 568.5 + 377.846 + 290.7 = MXN1,713 Mil.
Gross Profit was 90.6 + 123.7 + 327.511 + 43.3 = MXN585 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(4934.9 + 4913.7 + 4944.8 + 4607.416 + 4587.6) / 5 = MXN4797.6832 Mil.
Total Assets at the begining of this year (Mar25) was MXN4,935 Mil.
Long-Term Debt & Capital Lease Obligation was MXN866 Mil.
Total Current Assets was MXN1,579 Mil.
Total Current Liabilities was MXN1,085 Mil.
Net Income was 17.2 + 48.2 + 39.386 + 46.3 = MXN151 Mil.

Revenue was 401.5 + 504.7 + 503.276 + 486.8 = MXN1,896 Mil.
Gross Profit was 45.4 + 69.3 + 283.422 + 87 = MXN485 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(3310.3 + 3520.3 + 3619.5 + 3991.912 + 4934.9) / 5 = MXN3875.3824 Mil.
Total Assets at the begining of last year (Mar24) was MXN3,310 Mil.
Long-Term Debt & Capital Lease Obligation was MXN1,165 Mil.
Total Current Assets was MXN1,736 Mil.
Total Current Liabilities was MXN1,410 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.

Grupo TMM's current Net Income (TTM) was 265. ==> 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.

Score 1 if positive, 0 if negative.

Grupo TMM's current Cash Flow from Operations (TTM) was 216. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=265.412/4934.9
=0.05378265

ROA (Last Year)=Net Income/Total Assets (Mar24)
=151.086/3310.3
=0.04564118

Grupo TMM's return on assets of this year was 0.05378265. Grupo TMM's return on assets of last year was 0.04564118. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Grupo TMM's current Net Income (TTM) was 265. Grupo TMM's current Cash Flow from Operations (TTM) was 216. ==> 216 <= 265 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=865.5/4797.6832
=0.18039957

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1165.2/3875.3824
=0.3006671

Grupo TMM's gearing of this year was 0.18039957. Grupo TMM's gearing of last year was 0.3006671. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=1579.3/1085.2
=1.45530778

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1736/1409.6
=1.23155505

Grupo TMM's current ratio of this year was 1.45530778. Grupo TMM's current ratio of last year was 1.23155505. ==> 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.

Grupo TMM's number of shares in issue this year was 174.55. Grupo TMM's number of shares in issue last year was 174.55. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=585.111/1712.546
=0.34166148

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=485.122/1896.276
=0.25582879

Grupo TMM's gross margin of this year was 0.34166148. Grupo TMM's gross margin of last year was 0.25582879. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=1712.546/4934.9
=0.3470275

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1896.276/3310.3
=0.57284113

Grupo TMM's asset turnover of this year was 0.3470275. Grupo TMM's asset turnover of last year was 0.57284113. ==> 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+1+0+1+1+1+1+0
=7

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Grupo TMM has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Grupo TMM (MEX:TMMA) has a Piotroski F-Score of 7 as of Jul. 14, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Grupo TMM and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Grupo TMM's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Grupo TMM ranks #128 out of 978 companies in the Transportation industry, placing it in the top 13.1%.
Is Grupo TMM's Piotroski F-Score too high?
Grupo TMM's 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 2.00 to a high of 8.00. The Transportation industry median Piotroski F-Score is 6.00. Grupo TMM's value of 7 is 16.7% above this industry median. Based on the distribution chart, Grupo TMM ranks #128 out of 978 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Grupo TMM has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Grupo TMM's Piotroski F-Score compare to KEX?
According to the Transportation industry distribution chart, Grupo TMM ranks #128 out of 978 companies for Piotroski F-Score. This places Grupo TMM in the top 13% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Grupo TMM's value of 7 is 16.7% above this benchmark. Historically, Grupo TMM's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Grupo TMM 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 978 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. Grupo TMM's current Piotroski F-Score of 7 is 16.7% 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 Grupo TMM and its competitors. For the Transportation 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. Grupo TMM'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 Grupo TMM stock overvalued right now?
Based on GuruFocus' analysis, Grupo TMM (MEX:TMMA) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN4.62, compared to a current price of MXN10.00 — trading 116.5% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 16.7% above the Transportation industry median of 6.00. Grupo TMM's overall GF Score™ is 45/100 with 4 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 Grupo TMM (MEX:TMMA), the current Piotroski F-Score is 7 as of Jul. 14, 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 Grupo TMM (MEX:TMMA) Overvalued in 2026?

Based on GuruFocus' analysis, Grupo TMM stock appears to be overvalued. The current stock price of MXN10.00 is trading 116.5% above its estimated GF Value™ of MXN4.62. GuruFocus considers Grupo TMM to be Significantly Overvalued.

Key valuation signals for MEX:TMMA:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: MXN4.62 vs. price of MXN10.00 (116.5% above fair value)
  • GF Score™: 45/100 with 4 warning signs
  • Industry Position: 16.7% above the Transportation median (#128 of 978)

No single metric tells the full story. See the MEX:TMMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Grupo TMM Business Description

Other Exchanges GTMAY:USA
Address Convento de Acolman 58-B, Colonia Jardines de Santa Monica, Mexico, MEX, 54050
Grupo TMM SA is an integrated logistics and transportation company in Mexico. It provides dynamic ocean transportation services to various international and domestic clients. The company operates through four segments: the Maritime division, the Maritime Infrastructure division, the Logistics, Ports and terminals division, and the Warehousing division. The Maritime division includes transporting bulk liquid products, materials, provisions for drilling platforms, and ship towing services. The Logistics segment provides trucking services to various manufacturers and retailers. Operations at ports and terminals assist in loading and unloading, storage at maritime port terminals, and shipping agency operations. The warehousing segment includes storage and management of the facilities.
45GF Score

Get the complete analysis for MEX:TMMA

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN10.00
Price
MXN4.62
GF Value