TPG Telecom (MEX:TPGN) Piotroski F-Score: 5 (As of Jun. 26, 2026) — Near Median


What is TPG Telecom Piotroski F-Score?

TPG Telecom MEX:TPGN 63 Piotroski F-Score is 5 as of Jun. 26, 2026, which is at its 10-year median of 5.00. GuruFocus rates MEX:TPGN with a GF Score™ of 63/100. The stock has 6 warning signs investors should review. Among 359 Telecommunication Services companies, TPG Telecom ranks worse than 51.53% 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

TPG Telecom 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 TPG Telecom's Piotroski F-Score or its related term are showing as below:

MEX:TPGN' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of TPG Telecom was 9. The lowest was 3. And the median was 5.

TPG Telecom  (MEX:TPGN) 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.


TPG Telecom Piotroski F-Score Related Terms


TPG Telecom Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for TPG Telecom'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.

TPG Telecom Piotroski F-Score Chart

TPG Telecom Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 9.00 7.00 4.00 5.00

TPG Telecom Semi-Annual Data
Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 4.00 0.00 5.00

MEX:TPGN vs TMUS, VZ, T: Piotroski F-Score Comparison

For the Telecom Services subindustry, TPG Telecom'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.


TPG Telecom Piotroski F-Score vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, TPG Telecom's Piotroski F-Score distribution charts can be found below:

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


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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was MXN5,515.37 Mil.
Cash Flow from Operations was MXN28,916.80 Mil.
Revenue was MXN60,310.12 Mil.
Gross Profit was MXN32,075.27 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (252196.793 + 173608.447) / 2 = MXN212902.62 Mil.
Total Assets at the begining of this year (Dec24) was MXN252,196.79 Mil.
Long-Term Debt & Capital Lease Obligation was MXN47,532.66 Mil.
Total Current Assets was MXN9,367.75 Mil.
Total Current Liabilities was MXN20,338.66 Mil.
Net Income was MXN-1,413.27 Mil.

Revenue was MXN72,909.10 Mil.
Gross Profit was MXN42,279.35 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (223460.18 + 252196.793) / 2 = MXN237828.4865 Mil.
Total Assets at the begining of last year (Dec23) was MXN223,460.18 Mil.
Long-Term Debt & Capital Lease Obligation was MXN81,467.99 Mil.
Total Current Assets was MXN15,334.69 Mil.
Total Current Liabilities was MXN21,212.32 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.

TPG Telecom's current Net Income (TTM) was 5,515.37. ==> 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.

TPG Telecom's current Cash Flow from Operations (TTM) was 28,916.80. ==> 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 (Dec24)
=5515.367/252196.793
=0.0218693

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-1413.274/223460.18
=-0.0063245

TPG Telecom's return on assets of this year was 0.0218693. TPG Telecom's return on assets of last year was -0.0063245. ==> 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.

TPG Telecom's current Net Income (TTM) was 5,515.37. TPG Telecom's current Cash Flow from Operations (TTM) was 28,916.80. ==> 28,916.80 > 5,515.37 ==> CFROA > ROA ==> Score 1.

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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=47532.655/212902.62
=0.22326008

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=81467.991/237828.4865
=0.34254934

TPG Telecom's gearing of this year was 0.22326008. TPG Telecom's gearing of last year was 0.34254934. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=9367.75/20338.664
=0.46058827

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=15334.685/21212.321
=0.72291406

TPG Telecom's current ratio of this year was 0.46058827. TPG Telecom's current ratio of last year was 0.72291406. ==> 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.

TPG Telecom's number of shares in issue this year was 1868. TPG Telecom's number of shares in issue last year was 1854.632. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=32075.27/60310.122
=0.53183892

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=42279.351/72909.097
=0.5798913

TPG Telecom's gross margin of this year was 0.53183892. TPG Telecom's gross margin of last year was 0.5798913. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec24)
=60310.122/252196.793
=0.23913913

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=72909.097/223460.18
=0.32627333

TPG Telecom's asset turnover of this year was 0.23913913. TPG Telecom's asset turnover of last year was 0.32627333. ==> 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+1+1+0+0+0+0
=5

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

TPG Telecom has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 5 mean?
TPG Telecom (MEX:TPGN) has a Piotroski F-Score of 5 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on TPG Telecom and its competitors. This is near median its historical median of 5.00. Over the past decade, TPG Telecom's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, TPG Telecom ranks #185 out of 359 companies in the Telecommunication Services industry, placing it in the top 51.5%.
Is TPG Telecom's Piotroski F-Score too high?
TPG Telecom'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 3.00 to a high of 9.00. The Telecommunication Services industry median Piotroski F-Score is 6.00. TPG Telecom's value of 5 is 16.7% below this industry median. Based on the distribution chart, TPG Telecom ranks #185 out of 359 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, TPG Telecom has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does TPG Telecom's Piotroski F-Score compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, TPG Telecom ranks #185 out of 359 companies for Piotroski F-Score. This places TPG Telecom in the lower half of its industry. The industry median Piotroski F-Score is 6.00. TPG Telecom's value of 5 is 16.7% below this benchmark. Historically, TPG Telecom's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, TPG Telecom 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 Telecommunication Services company?
The median Piotroski F-Score among Telecommunication Services companies is 6.00, based on 359 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. TPG Telecom'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 TPG Telecom and its competitors. For the Telecommunication Services 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. TPG Telecom'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 TPG Telecom stock overvalued right now?
TPG Telecom (MEX:TPGN) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 16.7% below the Telecommunication Services industry median of 6.00. TPG Telecom's overall GF Score™ is 63/100 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 TPG Telecom (MEX:TPGN), the current Piotroski F-Score is 5 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.

TPG Telecom Business Description

Other Exchanges TPGTF:USATPG:Australia
Address 200 Barangaroo Avenue, Level 27, Tower Two, International Towers Sydney, Barangaroo, NSW, AUS, 2000
TPG Telecom is Australia's third-largest telecom services company. It offers mobile, fixed-line broadband and telephony solutions. The group's mobile business caters to all market segments spanning consumer, small business, corporate, wholesale, and government. TPG Telecom has grown substantially since listing on the ASX in 2008, via organic growth and acquisitions, and culminated with the July 2020 Vodafone Hutchison Australia merger, the third-ranked mobile network operator in Australia. It owns an extensive stable of infrastructure assets, including a nationwide mobile network that is upgrading to 5G wireless. In July 2025, TPG sold its fiber assets for AUD 5.3 billion to Vocus.