Wesfarmers (MEX:WESN) Piotroski F-Score: 7 (As of Jun. 26, 2026) — 17% Above Median


MEX:WESN Wesfarmers Ltd MEX:WESN
85 GF Score
Price MXN940.00
GF Value MXN813.29
! 7 Warning Signs
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What is Wesfarmers Piotroski F-Score?

Wesfarmers MEX:WESN 85 Piotroski F-Score is 7 as of Jun. 26, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates MEX:WESN with a GF Score™ of 85/100 and a GF Value™ of MXN813.29. The stock has 7 warning signs investors should review. Among 1,101 Retail - Cyclical companies, Wesfarmers ranks better than 91.01% 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

Wesfarmers has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Wesfarmers's Piotroski F-Score or its related term are showing as below:

MEX:WESN' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Wesfarmers was 8. The lowest was 3. And the median was 6.

Wesfarmers  (MEX:WESN) 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.


Wesfarmers Piotroski F-Score Related Terms


Wesfarmers Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Wesfarmers'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.

Wesfarmers Piotroski F-Score Chart

Wesfarmers Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 3.00 8.00 6.00 7.00

Wesfarmers Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 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 0.00 6.00 0.00 7.00 0.00

MEX:WESN vs HD, LOW, FND: Piotroski F-Score Comparison

For the Home Improvement Retail subindustry, Wesfarmers'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.


Wesfarmers Piotroski F-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Wesfarmers's Piotroski F-Score distribution charts can be found below:

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


MEX:WESN
85GF Score
Wesfarmers Ltd MEX:WESN
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 (Jun25) TTM:Last Year (Jun24) TTM:
Net Income was MXN35,869 Mil.
Cash Flow from Operations was MXN55,997 Mil.
Revenue was MXN558,698 Mil.
Gross Profit was MXN191,688 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (332206.967 + 343007.712) / 2 = MXN337607.3395 Mil.
Total Assets at the begining of this year (Jun24) was MXN332,207 Mil.
Long-Term Debt & Capital Lease Obligation was MXN122,819 Mil.
Total Current Assets was MXN121,765 Mil.
Total Current Liabilities was MXN102,090 Mil.
Net Income was MXN31,105 Mil.

Revenue was MXN535,820 Mil.
Gross Profit was MXN185,135 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (305437.563 + 332206.967) / 2 = MXN318822.265 Mil.
Total Assets at the begining of last year (Jun23) was MXN305,438 Mil.
Long-Term Debt & Capital Lease Obligation was MXN123,022 Mil.
Total Current Assets was MXN114,519 Mil.
Total Current Liabilities was MXN100,092 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.

Wesfarmers's current Net Income (TTM) was 35,869. ==> 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.

Wesfarmers's current Cash Flow from Operations (TTM) was 55,997. ==> 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 (Jun24)
=35868.645/332206.967
=0.10797078

ROA (Last Year)=Net Income/Total Assets (Jun23)
=31105.248/305437.563
=0.10183832

Wesfarmers's return on assets of this year was 0.10797078. Wesfarmers's return on assets of last year was 0.10183832. ==> 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.

Wesfarmers's current Net Income (TTM) was 35,869. Wesfarmers's current Cash Flow from Operations (TTM) was 55,997. ==> 55,997 > 35,869 ==> 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: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=122818.851/337607.3395
=0.36379201

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=123022.046/318822.265
=0.38586404

Wesfarmers's gearing of this year was 0.36379201. Wesfarmers's gearing of last year was 0.38586404. ==> 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: Jun25)=Total Current Assets/Total Current Liabilities
=121764.612/102089.569
=1.19272334

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=114518.891/100091.506
=1.14414195

Wesfarmers's current ratio of this year was 1.19272334. Wesfarmers's current ratio of last year was 1.14414195. ==> 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.

Wesfarmers's number of shares in issue this year was 1134. Wesfarmers's number of shares in issue last year was 1133. ==> 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
=191687.63/558697.669
=0.34309724

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=185135.224/535820.436
=0.34551729

Wesfarmers's gross margin of this year was 0.34309724. Wesfarmers's gross margin of last year was 0.34551729. ==> 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 (Jun24)
=558697.669/332206.967
=1.68177589

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=535820.436/305437.563
=1.75427158

Wesfarmers's asset turnover of this year was 1.68177589. Wesfarmers's asset turnover of last year was 1.75427158. ==> 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+1+0+0+0
=6

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

Wesfarmers has an F-score of 6 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 7 mean?
Wesfarmers (MEX:WESN) has a Piotroski F-Score of 7 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Wesfarmers and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Wesfarmers' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Wesfarmers ranks #99 out of 1101 companies in the Retail - Cyclical industry, placing it in the top 9%.
Is Wesfarmers' Piotroski F-Score too high?
Wesfarmers' 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 3.00 to a high of 8.00. The Retail - Cyclical industry median Piotroski F-Score is 5.00. Wesfarmers' value of 7 is 40% above this industry median. Based on the distribution chart, Wesfarmers ranks #99 out of 1101 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Wesfarmers has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does Wesfarmers' Piotroski F-Score compare to HD and LOW?
According to the Retail - Cyclical industry distribution chart, Wesfarmers ranks #99 out of 1101 companies for Piotroski F-Score. This places Wesfarmers in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Wesfarmers' value of 7 is 40% above this benchmark. Historically, Wesfarmers' 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 5.00, Wesfarmers 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 Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 5.00, based on 1,101 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. Wesfarmers's current Piotroski F-Score of 7 is 40% 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 Wesfarmers and its competitors. For the Retail - Cyclical 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. Wesfarmers'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 Wesfarmers stock overvalued right now?
Wesfarmers (MEX:WESN) has a current Piotroski F-Score of 7. The stock's GF Value™ is MXN813.29, compared to a current price of MXN940.00 — trading 15.6% 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 40% above the Retail - Cyclical industry median of 5.00. Wesfarmers' overall GF Score™ is 85/100 with 7 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 Wesfarmers (MEX:WESN), the current Piotroski F-Score is 7 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 Wesfarmers (MEX:WESN) Overvalued in 2026?

Based on GuruFocus' analysis, Wesfarmers stock appears to be overvalued. The current stock price of MXN940.00 is trading 15.6% above its estimated GF Value™ of MXN813.29.

Key valuation signals for MEX:WESN:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: MXN813.29 vs. price of MXN940.00 (15.6% above fair value)
  • GF Score™: 85/100 with 7 warning signs
  • Industry Position: 40% above the Retail - Cyclical median (#99 of 1101)

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


Wesfarmers Business Description

Address 123 St Georges Terrace, Level 14, Brookfield Place Tower 2, Perth, WA, AUS, 6000
Wesfarmers is Australia's largest conglomerate. Its retail operations include the Bunnings hardware chain (number one in market share), discount department stores Kmart and Target (number one and three), and Officeworks in office supplies (number one). These activities account for the vast majority of group earnings before taxes. Other operations include chemicals and fertilizers, lithium mining, industrial and safety supplies, and health. Management is focused on generating cash and creating shareholder wealth in the long term.
85GF Score

Get the complete analysis for MEX:WESN

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

MXN940.00
Price
MXN813.29
GF Value