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The Swatch Group AGMEX:UHRN 74 Piotroski F-Score is 3 as of Aug. 08, 2026, which is 50% below its 10-year median of 6.00. GuruFocus rates MEX:UHRN with a GF Score™ of 74/100 and a GF Value™ of MXN2,773.46. The stock has 5 warning signs investors should review. Among 1,100 Retail - Cyclical companies, The Swatch Group AG ranks worse than 86.82% on this metric.
Warning Sign:
Piotroski F-Score of 3 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
The Swatch Group AG 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 The Swatch Group AG's Piotroski F-Score or its related term are showing as below:
MEX:UHRN'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 8
Current: 3
During the past 13 years, the highest Piotroski F-Score of The Swatch Group AG was 8. The lowest was 3. And the median was 6.
The Swatch Group AG (MEX:UHRN) 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.
The Swatch Group AG Piotroski F-Score Related Terms
The Swatch Group AG Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for The Swatch Group AG'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:UHRN vs TPR, SIG: Piotroski F-Score Comparison
For the Luxury Goods subindustry, The Swatch Group AG'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.
The Swatch Group AG Piotroski F-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, The Swatch Group AG's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where The Swatch Group AG'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.
*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.
The Swatch Group AG's current Net Income (TTM) was 68.
==> 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.
The Swatch Group AG's return on assets of this year was 0.00020711. The Swatch Group AG's return on assets of last year was 0.01616452.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
The Swatch Group AG's gearing of this year was 0.00014357. The Swatch Group AG's gearing of last year was 0.00015425.
==> 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
The Swatch Group AG's current ratio of this year was 9.76297042. The Swatch Group AG's current ratio of last year was 9.79060666.
==> 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.
The Swatch Group AG's number of shares in issue this year was 60. The Swatch Group AG's number of shares in issue last year was 51.604.
==> 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.
The Swatch Group AG's gross margin of this year was 0.77229299. The Swatch Group AG's gross margin of last year was 0.77951003.
==> 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
The Swatch Group AG's asset turnover of this year was 0.43354214. The Swatch Group AG's asset turnover of last year was 0.56408307.
==> 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
The Swatch Group AG has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The Swatch Group AG (MEX:UHRN) has a Piotroski F-Score of 3 as of Aug. 08, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on The Swatch Group AG and its competitors. This is 50% below median its historical median of 6.00. Over the past decade, The Swatch Group AG's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, The Swatch Group AG ranks #955 out of 1100 companies in the Retail - Cyclical industry, placing it in the top 86.8%.
Is The Swatch Group AG's Piotroski F-Score too high?
The Swatch Group AG's current Piotroski F-Score of 3 is 50% 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 Retail - Cyclical industry median Piotroski F-Score is 6.00. The Swatch Group AG's value of 3 is 50% below this industry median. Based on the distribution chart, The Swatch Group AG ranks #955 out of 1100 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, The Swatch Group AG has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does The Swatch Group AG's Piotroski F-Score compare to TPR and SIG?
According to the Retail - Cyclical industry distribution chart, The Swatch Group AG ranks #955 out of 1100 companies for Piotroski F-Score. This places The Swatch Group AG in the lower half of its industry. The industry median Piotroski F-Score is 6.00. The Swatch Group AG's value of 3 is 50% below this benchmark. Historically, The Swatch Group AG'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 6.00, The Swatch Group AG 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 Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 6.00, based on 1,100 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. The Swatch Group AG's current Piotroski F-Score of 3 is 50% 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 The Swatch Group AG and its competitors. For the Retail - Cyclical 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. The Swatch Group AG's current Piotroski F-Score is 3, which is 50% 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 The Swatch Group AG stock overvalued right now?
The Swatch Group AG (MEX:UHRN) has a current Piotroski F-Score of 3. The stock's GF Value™ is MXN2,773.46, compared to a current price of MXN3,519.18 — trading 26.9% above its estimated fair value. The current Piotroski F-Score is 3, which is 50% below median its 10-year median of 6.00 and 50% below the Retail - Cyclical industry median of 6.00. The Swatch Group AG's overall GF Score™ is 74/100 with 5 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 The Swatch Group AG (MEX:UHRN), the current Piotroski F-Score is 3 as of Aug. 08, 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 The Swatch Group AG (MEX:UHRN) Overvalued in 2026?
Based on GuruFocus' analysis, The Swatch Group AG stock appears to be overvalued.
The current stock price of MXN3,519.18 is trading 26.9% above its estimated GF Value™ of MXN2,773.46.
Key valuation signals for MEX:UHRN:
Piotroski F-Score: 3 (50% below median its 10-year median of 6.00)
GF Value™: MXN2,773.46 vs. price of MXN3,519.18 (26.9% above fair value)
Industry Position: 50% below the Retail - Cyclical median (#955 of 1100)
No single metric tells the full story. See the MEX:UHRN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Swatch Group's biggest brands are Omega (number two or three in its category), Breguet, Tissot (the leader in midrange Swiss watches), and Swatch. The company employs over 32,000 people, half of them in Switzerland. We estimate Omega and Longines to be the group's most profitable brands.
74GF Score
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