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PZ Cussons NigeriaNSA:PZ 77 Piotroski F-Score is 8 as of Aug. 09, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates NSA:PZ with a GF Score™ of 77/100 and a GF Value™ of ₦47.46 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,908 Consumer Packaged Goods companies, PZ Cussons Nigeria ranks better than 97.48% on this metric.
Good Sign:
Piotroski F-Score is 8, 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
PZ Cussons Nigeria has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for PZ Cussons Nigeria's Piotroski F-Score or its related term are showing as below:
NSA:PZ'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 8
Current: 8
During the past 13 years, the highest Piotroski F-Score of PZ Cussons Nigeria was 8. The lowest was 3. And the median was 6.
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.
PZ Cussons Nigeria Piotroski F-Score Related Terms
PZ Cussons Nigeria Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for PZ Cussons Nigeria'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.
NSA:PZ vs PG, CL, KVUE: Piotroski F-Score Comparison
For the Household & Personal Products subindustry, PZ Cussons Nigeria'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.
PZ Cussons Nigeria Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, PZ Cussons Nigeria's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where PZ Cussons Nigeria'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 (May26) TTM:
Last Year (May25) TTM:
Net Income was 13049.235 + 7469.979 + 16805.535 + 9496.935 = ₦46,822 Mil. Cash Flow from Operations was -12462.478 + 10995.537 + 13304.778 + 14218.075 = ₦26,056 Mil. Revenue was 59014.505 + 68888.097 + 69317.622 + 63236.204 = ₦260,456 Mil. Gross Profit was 15901.678 + 18372.913 + 19750.098 + 19240.568 = ₦73,265 Mil.
Average Total Assets from the begining of this year (May25)
to the end of this year (May26) was
(168902.351 + 183486.457 + 179417.599 + 175659.59 + 161126.914) / 5 = ₦173718.5822 Mil. Total Assets at the begining of this year (May25) was ₦168,902 Mil. Long-Term Debt & Capital Lease Obligation was ₦0 Mil. Total Current Assets was ₦130,002 Mil. Total Current Liabilities was ₦89,986 Mil.
Net Income was -4609.593 + -2040.727 + 17328.541 + -1470.591 = ₦9,208 Mil.
Revenue was 39989.441 + 56471.956 + 57950.734 + 58222.205 = ₦212,634 Mil. Gross Profit was 12230.681 + 14776.027 + 15148.409 + 15553.047 = ₦57,708 Mil.
Average Total Assets from the begining of last year (May24)
to the end of last year (May25) was
(157059.695 + 169751.946 + 173993.597 + 177525.149 + 168902.351) / 5 = ₦169446.5476 Mil. Total Assets at the begining of last year (May24) was ₦157,060 Mil. Long-Term Debt & Capital Lease Obligation was ₦0 Mil. Total Current Assets was ₦119,418 Mil. Total Current Liabilities was ₦185,364 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.
PZ Cussons Nigeria's current Net Income (TTM) was 46,822.
==> 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.
PZ Cussons Nigeria's return on assets of this year was 0.27721156. PZ Cussons Nigeria's return on assets of last year was 0.05862503.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
PZ Cussons Nigeria's gearing of this year was 0. PZ Cussons Nigeria's gearing of last year was 0.
==> 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
PZ Cussons Nigeria's current ratio of this year was 1.44468606. PZ Cussons Nigeria's current ratio of last year was 0.64423562.
==> 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.
PZ Cussons Nigeria's number of shares in issue this year was 3970.477. PZ Cussons Nigeria's number of shares in issue last year was 3970.477.
==> 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.
PZ Cussons Nigeria's gross margin of this year was 0.28129564. PZ Cussons Nigeria's gross margin of last year was 0.27139626.
==> 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
PZ Cussons Nigeria's asset turnover of this year was 1.5420533. PZ Cussons Nigeria's asset turnover of last year was 1.35384407.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
PZ Cussons Nigeria has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
PZ Cussons Nigeria (NSA:PZ) has a Piotroski F-Score of 8 as of Aug. 09, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on PZ Cussons Nigeria and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, PZ Cussons Nigeria's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, PZ Cussons Nigeria ranks #48 out of 1908 companies in the Consumer Packaged Goods industry, placing it in the top 2.5%.
Is PZ Cussons Nigeria's Piotroski F-Score too high?
PZ Cussons Nigeria's current Piotroski F-Score of 8 is 33% 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 Consumer Packaged Goods industry median Piotroski F-Score is 5.00. PZ Cussons Nigeria's value of 8 is 60% above this industry median. Based on the distribution chart, PZ Cussons Nigeria ranks #48 out of 1908 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, PZ Cussons Nigeria has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PZ Cussons Nigeria's Piotroski F-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, PZ Cussons Nigeria ranks #48 out of 1908 companies for Piotroski F-Score. This places PZ Cussons Nigeria in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. PZ Cussons Nigeria's value of 8 is 60% above this benchmark. Historically, PZ Cussons Nigeria'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 5.00, PZ Cussons Nigeria 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,908 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. PZ Cussons Nigeria's current Piotroski F-Score of 8 is 60% 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 PZ Cussons Nigeria and its competitors. For the Consumer Packaged Goods 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. PZ Cussons Nigeria's current Piotroski F-Score is 8, which is 33% 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 PZ Cussons Nigeria stock overvalued right now?
Based on GuruFocus' analysis, PZ Cussons Nigeria (NSA:PZ) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦47.46, compared to a current price of ₦80.00 — trading 68.6% above its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Consumer Packaged Goods industry median of 5.00. PZ Cussons Nigeria's overall GF Score™ is 77/100 with 2 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 PZ Cussons Nigeria (NSA:PZ), the current Piotroski F-Score is 8 as of Aug. 09, 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 PZ Cussons Nigeria (NSA:PZ) Overvalued in 2026?
Based on GuruFocus' analysis, PZ Cussons Nigeria stock appears to be overvalued.
The current stock price of ₦80.00 is trading 68.6% above its estimated GF Value™ of ₦47.46.
GuruFocus considers PZ Cussons Nigeria to be Significantly Overvalued.
Key valuation signals for NSA:PZ:
Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
GF Value™: ₦47.46 vs. price of ₦80.00 (68.6% above fair value)
Industry Position: 60% above the Consumer Packaged Goods median (#48 of 1908)
No single metric tells the full story. See the NSA:PZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PZ Cussons Nigeria PLC manufactures, distributes and sells consumer products and home appliances. The company's operating segment includes Home and Personal Care Products and Durable Electrical Appliances. It generates maximum revenue from the Home and Personal Care Products segment. Home and Personal Care Products segment includes the production and sale of Morning Fresh, Zip, Canoe, Premier, Excel, Joy, Stella, Venus, Imperial Leather, Cussons Baby, Original Source, Carex, Robb, and others. The Durable Electrical Appliances segment includes the production and sale of Haier Thermocool Refrigerators, Freezers, Televisions, Generators, Air conditioners, Washing Machines and others. Geographically it derives revenue from Nigeria.
77GF Score
Get the complete analysis for NSA:PZ
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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