T&G Global (NZSE:TGG) Piotroski F-Score: 7 (As of Jun. 28, 2026) — 17% Above Median


NZSE:TGG T&G Global Ltd NZSE:TGG
68 GF Score
Price NZ$2.46
GF Value NZ$3.35
Valuation Modestly Undervalued
! 4 Warning Signs
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What is T&G Global Piotroski F-Score?

T&G Global NZSE:TGG +0.41% 68 Piotroski F-Score is 7 as of Jun. 28, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates NZSE:TGG with a GF Score™ of 68/100 and a GF Value™ of NZ$3.35 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,910 Consumer Packaged Goods companies, T&G Global ranks better than 88.53% 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

T&G Global 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 T&G Global's Piotroski F-Score or its related term are showing as below:

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

During the past 13 years, the highest Piotroski F-Score of T&G Global was 7. The lowest was 3. And the median was 6.

T&G Global  (NZSE:TGG) 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.


T&G Global Piotroski F-Score Related Terms


T&G Global Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for T&G Global'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.

T&G Global Piotroski F-Score Chart

T&G Global 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 6.00 3.00 3.00 7.00 0.00

T&G Global 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 3.00 0.00 7.00 0.00 0.00

NZSE:TGG vs ADM, BG, TSN: Piotroski F-Score Comparison

For the Farm Products subindustry, T&G Global'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.


T&G Global Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, T&G Global's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where T&G Global's Piotroski F-Score falls into.


NZSE:TGG
68GF Score
T&G Global Ltd NZSE:TGG
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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was NZ$-16 Mil.
Cash Flow from Operations was NZ$61 Mil.
Revenue was NZ$1,310 Mil.
Gross Profit was NZ$307 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was (1075.212 + 1129.539) / 2 = NZ$1102.3755 Mil.
Total Assets at the begining of this year (Dec23) was NZ$1,075 Mil.
Long-Term Debt & Capital Lease Obligation was NZ$193 Mil.
Total Current Assets was NZ$408 Mil.
Total Current Liabilities was NZ$431 Mil.
Net Income was NZ$-51 Mil.

Revenue was NZ$1,277 Mil.
Gross Profit was NZ$276 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was (1456.317 + 1075.212) / 2 = NZ$1265.7645 Mil.
Total Assets at the begining of last year (Dec22) was NZ$1,456 Mil.
Long-Term Debt & Capital Lease Obligation was NZ$315 Mil.
Total Current Assets was NZ$353 Mil.
Total Current Liabilities was NZ$232 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.

T&G Global's current Net Income (TTM) was -16. ==> Negative ==> Score 0.

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.

T&G Global's current Cash Flow from Operations (TTM) was 61. ==> 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 (Dec23)
=-16.034/1075.212
=-0.01491241

ROA (Last Year)=Net Income/Total Assets (Dec22)
=-51.155/1456.317
=-0.03512628

T&G Global's return on assets of this year was -0.01491241. T&G Global's return on assets of last year was -0.03512628. ==> 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.

T&G Global's current Net Income (TTM) was -16. T&G Global's current Cash Flow from Operations (TTM) was 61. ==> 61 > -16 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=192.796/1102.3755
=0.1748914

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=314.96/1265.7645
=0.24882986

T&G Global's gearing of this year was 0.1748914. T&G Global's gearing of last year was 0.24882986. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=407.925/431.177
=0.94607319

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=353.431/232.105
=1.52272032

T&G Global's current ratio of this year was 0.94607319. T&G Global's current ratio of last year was 1.52272032. ==> 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.

T&G Global's number of shares in issue this year was 122.543. T&G Global's number of shares in issue last year was 122.543. ==> 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
=307.012/1310.276
=0.23431094

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=276.197/1277.269
=0.21624028

T&G Global's gross margin of this year was 0.23431094. T&G Global's gross margin of last year was 0.21624028. ==> 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 (Dec23)
=1310.276/1075.212
=1.21862107

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=1277.269/1456.317
=0.87705424

T&G Global's asset turnover of this year was 1.21862107. T&G Global's asset turnover of last year was 0.87705424. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+1+1+1+1+0+1+1+1
=7

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

T&G Global 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?
T&G Global (NZSE:TGG) has a Piotroski F-Score of 7 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on T&G Global and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, T&G Global's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, T&G Global ranks #219 out of 1910 companies in the Consumer Packaged Goods industry, placing it in the top 11.5%.
Is T&G Global's Piotroski F-Score too high?
T&G Global'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 3.00 to a high of 7.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. T&G Global's value of 7 is 40% above this industry median. Based on the distribution chart, T&G Global ranks #219 out of 1910 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, T&G Global has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does T&G Global's Piotroski F-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, T&G Global ranks #219 out of 1910 companies for Piotroski F-Score. This places T&G Global in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. T&G Global's value of 7 is 40% above this benchmark. Historically, T&G Global's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, T&G Global 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 1,910 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. T&G Global'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 T&G Global 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. T&G Global'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 T&G Global stock overvalued right now?
Based on GuruFocus' analysis, T&G Global (NZSE:TGG) is currently considered Modestly Undervalued. The stock's GF Value™ is NZ$3.35, compared to a current price of NZ$2.46 — trading 26.6% below 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 Consumer Packaged Goods industry median of 5.00. T&G Global's overall GF Score™ is 68/100 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 T&G Global (NZSE:TGG), the current Piotroski F-Score is 7 as of Jun. 28, 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 T&G Global (NZSE:TGG) Overvalued in 2026?

Based on GuruFocus' analysis, T&G Global stock appears to be undervalued. The current stock price of NZ$2.46 is trading 26.6% below its estimated GF Value™ of NZ$3.35. GuruFocus considers T&G Global to be Modestly Undervalued.

Key valuation signals for NZSE:TGG:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: NZ$3.35 vs. price of NZ$2.46 (26.6% below fair value)
  • GF Score™: 68/100 with 4 warning signs
  • Industry Position: 40% above the Consumer Packaged Goods median (#219 of 1910)

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


T&G Global Business Description

Address 660 Great South Road, Central Park Building 1, Level 1, Ellerslie, Auckland, NTL, NZL, 1061
T&G Global Ltd is a company engaged in growing, marketing, and exporting fresh fruits and vegetables. The company has four operating segments: Apples; Growing, packing, cool storing, sales, and marketing of apples; T&G Fresh, which includes growing, trading, and transport activities within New Zealand and Australia, and exports to the Pacific Islands, Australia, and Asia. This incorporates the New Zealand wholesale markets and the tomato, citrus, berry, & stone fruit growing operations. This includes international trading activities in Australia. VentureFruit segment, including identification, acquisition, development, and protection of new varieties of fruit. Revenue from the sale of right-to-grow licenses is included in this business division, & Other Includes property & corporate costs.
68GF Score

Get the complete analysis for NZSE:TGG

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

NZ$2.46
Price
NZ$3.35
GF Value