Wilcon Depot (PHS:WLCON) Piotroski F-Score: 8 (As of Jun. 25, 2026) — 33% Above Median


PHS:WLCON Wilcon Depot Inc PHS:WLCON
85 GF Score
Price ₱5.57
GF Value ₱15.75
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Wilcon Depot Piotroski F-Score?

Wilcon Depot PHS:WLCON -0.54% 85 Piotroski F-Score is 8 as of Jun. 25, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates PHS:WLCON with a GF Score™ of 85/100 and a GF Value™ of ₱15.75 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,101 Retail - Cyclical companies, Wilcon Depot ranks better than 98.46% 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

Wilcon Depot 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 Wilcon Depot's Piotroski F-Score or its related term are showing as below:

PHS:WLCON' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of Wilcon Depot was 9. The lowest was 3. And the median was 6.

Wilcon Depot  (PHS:WLCON) 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.


Wilcon Depot Piotroski F-Score Related Terms


Wilcon Depot Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Wilcon Depot'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.

Wilcon Depot Piotroski F-Score Chart

Wilcon Depot 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 7.00 8.00 6.00 5.00 6.00

Wilcon Depot Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 5.00 4.00 5.00 6.00 8.00

PHS:WLCON vs HD, LOW, FND: Piotroski F-Score Comparison

For the Home Improvement Retail subindustry, Wilcon Depot'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.


Wilcon Depot Piotroski F-Score vs Retail - Cyclical Industry

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

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


PHS:WLCON
85GF Score
Wilcon Depot Inc PHS:WLCON
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 626.199 + 703.369 + 579.851 + 562.693 = ₱2,472 Mil.
Cash Flow from Operations was 1873.252 + 1293.19 + 2001.207 + 1585.408 = ₱6,753 Mil.
Revenue was 8700.764 + 9228.155 + 9107.095 + 9169.78 = ₱36,206 Mil.
Gross Profit was 3349.168 + 3463.25 + 3600.539 + 3394.386 = ₱13,807 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(41207.599 + 40845.12 + 40796.418 + 40533.686 + 40848.608) / 5 = ₱40846.2862 Mil.
Total Assets at the begining of this year (Mar25) was ₱41,208 Mil.
Long-Term Debt & Capital Lease Obligation was ₱8,976 Mil.
Total Current Assets was ₱19,337 Mil.
Total Current Liabilities was ₱7,931 Mil.
Net Income was 770.411 + 607.653 + 410.504 + 536.332 = ₱2,325 Mil.

Revenue was 8873.441 + 8496.621 + 8491.443 + 8408.291 = ₱34,270 Mil.
Gross Profit was 3519.269 + 3293.185 + 3216.697 + 3263.574 = ₱13,293 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(39687.686 + 38325.268 + 38396.11 + 39066.017 + 41207.599) / 5 = ₱39336.536 Mil.
Total Assets at the begining of last year (Mar24) was ₱39,688 Mil.
Long-Term Debt & Capital Lease Obligation was ₱9,048 Mil.
Total Current Assets was ₱19,265 Mil.
Total Current Liabilities was ₱9,055 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.

Wilcon Depot's current Net Income (TTM) was 2,472. ==> 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.

Wilcon Depot's current Cash Flow from Operations (TTM) was 6,753. ==> 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 (Mar25)
=2472.112/41207.599
=0.05999165

ROA (Last Year)=Net Income/Total Assets (Mar24)
=2324.9/39687.686
=0.05857988

Wilcon Depot's return on assets of this year was 0.05999165. Wilcon Depot's return on assets of last year was 0.05857988. ==> 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.

Wilcon Depot's current Net Income (TTM) was 2,472. Wilcon Depot's current Cash Flow from Operations (TTM) was 6,753. ==> 6,753 > 2,472 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=8975.768/40846.2862
=0.21974502

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=9047.702/39336.536
=0.23000759

Wilcon Depot's gearing of this year was 0.21974502. Wilcon Depot's gearing of last year was 0.23000759. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=19336.532/7931.317
=2.43799762

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=19265.437/9054.866
=2.12763358

Wilcon Depot's current ratio of this year was 2.43799762. Wilcon Depot's current ratio of last year was 2.12763358. ==> 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.

Wilcon Depot's number of shares in issue this year was 4099.724. Wilcon Depot's number of shares in issue last year was 4099.724. ==> 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
=13807.343/36205.794
=0.38135728

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=13292.725/34269.796
=0.38788457

Wilcon Depot's gross margin of this year was 0.38135728. Wilcon Depot's gross margin of last year was 0.38788457. ==> 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 (Mar25)
=36205.794/41207.599
=0.87861935

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=34269.796/39687.686
=0.86348688

Wilcon Depot's asset turnover of this year was 0.87861935. Wilcon Depot's asset turnover of last year was 0.86348688. ==> 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
=1+1+1+1+1+1+1+0+1
=8

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

Wilcon Depot has an F-score of 8. 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 8 mean?
Wilcon Depot (PHS:WLCON) has a Piotroski F-Score of 8 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Wilcon Depot and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Wilcon Depot's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Wilcon Depot ranks #17 out of 1101 companies in the Retail - Cyclical industry, placing it in the top 1.5%.
Is Wilcon Depot's Piotroski F-Score too high?
Wilcon Depot'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 9.00. The Retail - Cyclical industry median Piotroski F-Score is 5.00. Wilcon Depot's value of 8 is 60% above this industry median. Based on the distribution chart, Wilcon Depot ranks #17 out of 1101 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Wilcon Depot has a GF Score™ of 85/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Wilcon Depot's Piotroski F-Score compare to HD and LOW?
According to the Retail - Cyclical industry distribution chart, Wilcon Depot ranks #17 out of 1101 companies for Piotroski F-Score. This places Wilcon Depot in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Wilcon Depot's value of 8 is 60% above this benchmark. Historically, Wilcon Depot's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Wilcon Depot 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. Wilcon Depot'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 Wilcon Depot 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. Wilcon Depot'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 Wilcon Depot stock overvalued right now?
Based on GuruFocus' analysis, Wilcon Depot (PHS:WLCON) is currently considered Significantly Undervalued. The stock's GF Value™ is ₱15.75, compared to a current price of ₱5.57 — trading 64.6% below 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 Retail - Cyclical industry median of 5.00. Wilcon Depot's overall GF Score™ is 85/100 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 Wilcon Depot (PHS:WLCON), the current Piotroski F-Score is 8 as of Jun. 25, 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 Wilcon Depot (PHS:WLCON) Overvalued in 2026?

Based on GuruFocus' analysis, Wilcon Depot stock appears to be undervalued. The current stock price of ₱5.57 is trading 64.6% below its estimated GF Value™ of ₱15.75. GuruFocus considers Wilcon Depot to be Significantly Undervalued.

Key valuation signals for PHS:WLCON:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: ₱15.75 vs. price of ₱5.57 (64.6% below fair value)
  • GF Score™: 85/100 with 2 warning signs
  • Industry Position: 60% above the Retail - Cyclical median (#17 of 1101)

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


Wilcon Depot Business Description

Address No. 90 East Rodriguez Jr. Avenue, Ugong Norte, Quezon City, AUR, PHL, 1110
Wilcon Depot Inc operates in the construction and home improvement supply industry in the Philippines. It competes with retailers, wholesalers and distributors based on product range and quality, pricing, target market, and sales network coverage. It caters to middle to high income homeowners for construction, renovation, repair and maintenance, and home improvement needs. Its product offerings include tiles and flooring, plumbing and sanitary wares, furniture, furnishings and houseware, paints, appliances, and building materials. Its segments are retail consumers, consisting of homeowners and small and independent contractors, which generate the majority of revenues, and institutional accounts, consisting of property developers, which contribute a smaller portion of revenue.
85GF Score

Get the complete analysis for PHS:WLCON

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

₱5.57
Price
₱15.75
GF Value