SAPIF (Saputo) Piotroski F-Score: 8 (As of Jul. 15, 2026) — 33% Above Median

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SAPIF Saputo Inc SAPIF
64 GF Score
Price $29.36
GF Value $21.10
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Saputo Piotroski F-Score?

Saputo SAPIF 64 Piotroski F-Score is 8 as of Jul. 15, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates SAPIF with a GF Score™ of 64/100 and a GF Value™ of $21.10 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,910 Consumer Packaged Goods companies, Saputo ranks better than 97.7% 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

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

SAPIF' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Saputo was 8. The lowest was 4. And the median was 6.

Saputo  (OTCPK:SAPIF) 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.


Saputo Piotroski F-Score Related Terms


Saputo Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Saputo'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.

Saputo Piotroski F-Score Chart

Saputo Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 7.00 5.00 5.00 8.00

Saputo 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 7.00 8.00

SAPIF vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Saputo'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.


Saputo Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Saputo's Piotroski F-Score distribution charts can be found below:

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


SAPIF
64GF Score
Saputo Inc SAPIF
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 120.72 + 133.728 + 159.478 + 74.344 = $488 Mil.
Cash Flow from Operations was 231.929 + 268.903 + 290.685 + 304.665 = $1,096 Mil.
Revenue was 3388.206 + 3412.607 + 3543.313 + 2413.265 = $12,757 Mil.
Gross Profit was 1080.626 + 1101.634 + 1166.365 + 865.889 = $4,215 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(9691.418 + 9693.445 + 9741.217 + 9654.947 + 9916.91) / 5 = $9739.5874 Mil.
Total Assets at the begining of this year (Mar25) was $9,691 Mil.
Long-Term Debt & Capital Lease Obligation was $1,983 Mil.
Total Current Assets was $3,809 Mil.
Total Current Liabilities was $2,227 Mil.
Net Income was 103.612 + 93.016 + -363.585 + 51.546 = $-115 Mil.

Revenue was 3360.817 + 3475.565 + 3505.299 + 2440.791 = $12,782 Mil.
Gross Profit was 1027.362 + 1040.898 + 1030.392 + 822.653 = $3,921 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(10534.87 + 10410.069 + 10704.267 + 9736.085 + 9691.418) / 5 = $10215.3418 Mil.
Total Assets at the begining of last year (Mar24) was $10,535 Mil.
Long-Term Debt & Capital Lease Obligation was $1,881 Mil.
Total Current Assets was $3,382 Mil.
Total Current Liabilities was $2,230 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.

Saputo's current Net Income (TTM) was 488. ==> 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.

Saputo's current Cash Flow from Operations (TTM) was 1,096. ==> 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)
=488.27/9691.418
=0.05038169

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-115.411/10534.87
=-0.01095514

Saputo's return on assets of this year was 0.05038169. Saputo's return on assets of last year was -0.01095514. ==> 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.

Saputo's current Net Income (TTM) was 488. Saputo's current Cash Flow from Operations (TTM) was 1,096. ==> 1,096 > 488 ==> 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
=1982.507/9739.5874
=0.20355144

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1880.747/10215.3418
=0.18411004

Saputo's gearing of this year was 0.20355144. Saputo's gearing of last year was 0.18411004. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=3809.038/2227.405
=1.71007877

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=3381.861/2230.426
=1.51623995

Saputo's current ratio of this year was 1.71007877. Saputo's current ratio of last year was 1.51623995. ==> 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.

Saputo's number of shares in issue this year was 409.525. Saputo's number of shares in issue last year was 421.578. ==> 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
=4214.514/12757.391
=0.33035861

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3921.305/12782.472
=0.30677204

Saputo's gross margin of this year was 0.33035861. Saputo's gross margin of last year was 0.30677204. ==> 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 (Mar25)
=12757.391/9691.418
=1.31635959

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=12782.472/10534.87
=1.21334881

Saputo's asset turnover of this year was 1.31635959. Saputo's asset turnover of last year was 1.21334881. ==> 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+0+1+1+1+1
=8

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

Saputo 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?
Saputo (SAPIF) has a Piotroski F-Score of 8 as of Jul. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Saputo and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Saputo's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Saputo ranks #44 out of 1910 companies in the Consumer Packaged Goods industry, placing it in the top 2.3%.
Is Saputo's Piotroski F-Score too high?
Saputo'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 4.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Saputo's value of 8 is 60% above this industry median. Based on the distribution chart, Saputo ranks #44 out of 1910 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Saputo has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Saputo's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Saputo ranks #44 out of 1910 companies for Piotroski F-Score. This places Saputo in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Saputo's value of 8 is 60% above this benchmark. Historically, Saputo's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Saputo 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. Saputo'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 Saputo 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. Saputo'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 Saputo stock overvalued right now?
Based on GuruFocus' analysis, Saputo (SAPIF) is currently considered Significantly Overvalued. The stock's GF Value™ is $21.10, compared to a current price of $29.36 — trading 39.1% 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. Saputo's overall GF Score™ is 64/100 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 Saputo (SAPIF), the current Piotroski F-Score is 8 as of Jul. 15, 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 Saputo (SAPIF) Overvalued in 2026?

Based on GuruFocus' analysis, Saputo stock appears to be overvalued. The current stock price of $29.36 is trading 39.1% above its estimated GF Value™ of $21.10. GuruFocus considers Saputo to be Significantly Overvalued.

Key valuation signals for SAPIF:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: $21.10 vs. price of $29.36 (39.1% above fair value)
  • GF Score™: 64/100 with 4 warning signs
  • Industry Position: 60% above the Consumer Packaged Goods median (#44 of 1910)

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


Saputo Business Description

Other Exchanges SB7:GermanySAP:Canada
Address 1000 de la Gauchetiere Street West, Suite 2900, Montreal, QC, CAN, H3B 4W5
Saputo Inc produces, markets, and distributes dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. The Company is a cheese manufacturer and fluid milk and cream processor in Canada, a dairy processor in Australia, a cheese producer and extended shelf-life and cultured dairy products manufacturer in the USA, and a manufacturer of branded cheese and dairy spreads in the UK. Its cheese products are sold under various brand names, including Saputo, Armstrong, Alexis de Portneuf, Bari, Cogruet, DuVillage 1860, Kingsey, and Shepherd Gourmet Dairy. The Company operates through four divisions: Canada Sector, USA Sector, International Sector, and Europe Sector, with the USA Sector generating the maximum revenue.
64GF Score

Get the complete analysis for SAPIF

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

$29.36
Price
$21.10
GF Value