PagSeguro DigitalPAGS +0.11%90 Piotroski F-Score is 7 as of Jun. 24, 2026, which is 75% above its 10-year median of 4.00. GuruFocus rates PAGS with a GF Score™ of 90/100 and a GF Value™ of $11.93 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,739 Software companies, PagSeguro Digital ranks better than 91.89% 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
PagSeguro Digital 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 PagSeguro Digital's Piotroski F-Score or its related term are showing as below:
PAGS'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 7
Current: 7
During the past 12 years, the highest Piotroski F-Score of PagSeguro Digital was 7. The lowest was 2. And the median was 4.
PagSeguro Digital (NYSE:PAGS) 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.
PagSeguro Digital Piotroski F-Score Related Terms
PagSeguro Digital Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for PagSeguro Digital'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.
PAGS vs CALX, EEFT, STNE: Piotroski F-Score Comparison
For the Software - Infrastructure subindustry, PagSeguro Digital'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.
PagSeguro Digital Piotroski F-Score vs Software Industry
For the Software industry and Technology sector, PagSeguro Digital's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where PagSeguro Digital'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 (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 96.787 + 103.391 + 92.018 + 104.315 = $397 Mil. Cash Flow from Operations was 403.113 + 407.021 + 353.347 + 177.832 = $1,341 Mil. Revenue was 912.072 + 951.969 + 989.2 + 957.217 = $3,810 Mil. Gross Profit was 477.371 + 505.263 + 525.562 + 513.673 = $2,022 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(12007.059 + 12837.319 + 13478.51 + 13638.859 + 14376.311) / 5 = $13267.6116 Mil. Total Assets at the begining of this year (Mar25) was $12,007 Mil. Long-Term Debt & Capital Lease Obligation was $2,150 Mil. Total Current Assets was $12,519 Mil. Total Current Liabilities was $8,782 Mil.
Net Income was 93.508 + 95.914 + 98.181 + 91.192 = $379 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.
PagSeguro Digital's current Net Income (TTM) was 397.
==> 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.
PagSeguro Digital's return on assets of this year was 0.03302316. PagSeguro Digital's return on assets of last year was 0.03188239.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
PagSeguro Digital's gearing of this year was 0.16202487. PagSeguro Digital's gearing of last year was 0.1527709.
==> Last year is lower than this year ==> Score 0.
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
PagSeguro Digital's current ratio of this year was 1.42543973. PagSeguro Digital's current ratio of last year was 1.52411758.
==> 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.
PagSeguro Digital's number of shares in issue this year was 282.866. PagSeguro Digital's number of shares in issue last year was 305.575.
==> 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.
PagSeguro Digital's gross margin of this year was 0.53061049. PagSeguro Digital's gross margin of last year was 0.49694588.
==> 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
PagSeguro Digital's asset turnover of this year was 0.31735148. PagSeguro Digital's asset turnover of last year was 0.28610152.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
PagSeguro Digital has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
PagSeguro Digital (PAGS) has a Piotroski F-Score of 7 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on PagSeguro Digital and its competitors. This is 75% above median its historical median of 4.00. Over the past decade, PagSeguro Digital's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, PagSeguro Digital ranks #222 out of 2739 companies in the Software industry, placing it in the top 8.1%.
Is PagSeguro Digital's Piotroski F-Score too high?
PagSeguro Digital's current Piotroski F-Score of 7 is 75% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Software industry median Piotroski F-Score is 5.00. PagSeguro Digital's value of 7 is 40% above this industry median. Based on the distribution chart, PagSeguro Digital ranks #222 out of 2739 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, PagSeguro Digital has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PagSeguro Digital's Piotroski F-Score compare to CALX and EEFT?
According to the Software industry distribution chart, PagSeguro Digital ranks #222 out of 2739 companies for Piotroski F-Score. This places PagSeguro Digital in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. PagSeguro Digital's value of 7 is 40% above this benchmark. Historically, PagSeguro Digital's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, PagSeguro Digital 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,739 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. PagSeguro Digital'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 PagSeguro Digital and its competitors. For the Software 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. PagSeguro Digital's current Piotroski F-Score is 7, which is 75% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PagSeguro Digital stock overvalued right now?
Based on GuruFocus' analysis, PagSeguro Digital (PAGS) is currently considered Modestly Undervalued. The stock's GF Value™ is $11.93, compared to a current price of $8.77 — trading 26.5% below its estimated fair value. The current Piotroski F-Score is 7, which is 75% above median its 10-year median of 4.00 and 40% above the Software industry median of 5.00. PagSeguro Digital's overall GF Score™ is 90/100 with 3 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 PagSeguro Digital (PAGS), the current Piotroski F-Score is 7 as of Jun. 24, 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 PagSeguro Digital (PAGS) Overvalued in 2026?
Based on GuruFocus' analysis, PagSeguro Digital stock appears to be undervalued.
The current stock price of $8.77 is trading 26.5% below its estimated GF Value™ of $11.93.
GuruFocus considers PagSeguro Digital to be Modestly Undervalued.
Key valuation signals for PAGS:
Piotroski F-Score: 7 (75% above median its 10-year median of 4.00)
GF Value™: $11.93 vs. price of $8.77 (26.5% below fair value)
Industry Position: 40% above the Software median (#222 of 2739)
No single metric tells the full story. See the PAGS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PagSeguro Digital Ltd is a Brazilian-based company that acts as a provider of financial technology solutions focused on Micro-Merchants, Small Companies and Medium-Sized Companies (SMEs), in Brazil. The company provides a range of solutions and tools such as cash-in and cash-out options and provides access to working capital to help to manage its cash flow. It delivers an end-to-end digital ecosystem to address day-to-day financial needs, including receiving and spending funds and managing and growing businesses for clients. The company also offers the Free PagSeguro Digital Account delivering Cash-In Solutions, Online and In-Person Payment Tools, Online Payment Tools; and Web Check Outs offer tokenization, handling of shipping information, and others.
90GF Score
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