SFRGF (Salvatore Ferragamo SpA) Piotroski F-Score: 7 (As of Jun. 25, 2026) — 17% Above Median


SFRGF Salvatore Ferragamo SpA SFRGF
63 GF Score
Price $8.90
GF Value $6.81
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Salvatore Ferragamo SpA Piotroski F-Score?

Salvatore Ferragamo SpA SFRGF 63 Piotroski F-Score is 7 as of Jun. 25, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates SFRGF with a GF Score™ of 63/100 and a GF Value™ of $6.81 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,101 Retail - Cyclical companies, Salvatore Ferragamo SpA ranks better than 91.1% 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

Salvatore Ferragamo SpA 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 Salvatore Ferragamo SpA's Piotroski F-Score or its related term are showing as below:

SFRGF' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 7

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

Salvatore Ferragamo SpA  (OTCPK:SFRGF) 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.


Salvatore Ferragamo SpA Piotroski F-Score Related Terms


Salvatore Ferragamo SpA Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Salvatore Ferragamo SpA'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.

Salvatore Ferragamo SpA Piotroski F-Score Chart

Salvatore Ferragamo SpA 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 8.00 7.00 5.00 4.00 7.00

Salvatore Ferragamo SpA 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 5.00 5.00 4.00 0.00 7.00

SFRGF vs TPR, SIG: Piotroski F-Score Comparison

For the Luxury Goods subindustry, Salvatore Ferragamo SpA'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.


Salvatore Ferragamo SpA Piotroski F-Score vs Retail - Cyclical Industry

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

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


SFRGF
63GF Score
Salvatore Ferragamo SpA SFRGF
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was $-58 Mil.
Cash Flow from Operations was $128 Mil.
Revenue was $1,143 Mil.
Gross Profit was $779 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (1780.991 + 1761.691) / 2 = $1771.341 Mil.
Total Assets at the begining of this year (Dec24) was $1,781 Mil.
Long-Term Debt & Capital Lease Obligation was $545 Mil.
Total Current Assets was $784 Mil.
Total Current Liabilities was $467 Mil.
Net Income was $-71 Mil.

Revenue was $1,084 Mil.
Gross Profit was $775 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (1977.025 + 1780.991) / 2 = $1879.008 Mil.
Total Assets at the begining of last year (Dec23) was $1,977 Mil.
Long-Term Debt & Capital Lease Obligation was $578 Mil.
Total Current Assets was $795 Mil.
Total Current Liabilities was $502 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.

Salvatore Ferragamo SpA's current Net Income (TTM) was -58. ==> 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.

Salvatore Ferragamo SpA's current Cash Flow from Operations (TTM) was 128. ==> 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 (Dec24)
=-57.882/1780.991
=-0.03249988

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-71.295/1977.025
=-0.03606176

Salvatore Ferragamo SpA's return on assets of this year was -0.03249988. Salvatore Ferragamo SpA's return on assets of last year was -0.03606176. ==> 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.

Salvatore Ferragamo SpA's current Net Income (TTM) was -58. Salvatore Ferragamo SpA's current Cash Flow from Operations (TTM) was 128. ==> 128 > -58 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=545.179/1771.341
=0.30777755

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=578.371/1879.008
=0.30780657

Salvatore Ferragamo SpA's gearing of this year was 0.30777755. Salvatore Ferragamo SpA's gearing of last year was 0.30780657. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=784/466.989
=1.6788404

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=794.982/502.064
=1.58342761

Salvatore Ferragamo SpA's current ratio of this year was 1.6788404. Salvatore Ferragamo SpA's current ratio of last year was 1.58342761. ==> 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.

Salvatore Ferragamo SpA's number of shares in issue this year was 165.629. Salvatore Ferragamo SpA's number of shares in issue last year was 165.629. ==> 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
=778.689/1143.479
=0.68098234

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=774.877/1083.881
=0.71490966

Salvatore Ferragamo SpA's gross margin of this year was 0.68098234. Salvatore Ferragamo SpA's gross margin of last year was 0.71490966. ==> 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 (Dec24)
=1143.479/1780.991
=0.64204648

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1083.881/1977.025
=0.54823839

Salvatore Ferragamo SpA's asset turnover of this year was 0.64204648. Salvatore Ferragamo SpA's asset turnover of last year was 0.54823839. ==> 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+1+1+0+1
=7

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

Salvatore Ferragamo SpA 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?
Salvatore Ferragamo SpA (SFRGF) has a Piotroski F-Score of 7 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Salvatore Ferragamo SpA and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Salvatore Ferragamo SpA's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Salvatore Ferragamo SpA ranks #98 out of 1101 companies in the Retail - Cyclical industry, placing it in the top 8.9%.
Is Salvatore Ferragamo SpA's Piotroski F-Score too high?
Salvatore Ferragamo SpA'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 4.00 to a high of 8.00. The Retail - Cyclical industry median Piotroski F-Score is 5.00. Salvatore Ferragamo SpA's value of 7 is 40% above this industry median. Based on the distribution chart, Salvatore Ferragamo SpA ranks #98 out of 1101 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Salvatore Ferragamo SpA has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Salvatore Ferragamo SpA's Piotroski F-Score compare to TPR and SIG?
According to the Retail - Cyclical industry distribution chart, Salvatore Ferragamo SpA ranks #98 out of 1101 companies for Piotroski F-Score. This places Salvatore Ferragamo SpA in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Salvatore Ferragamo SpA's value of 7 is 40% above this benchmark. Historically, Salvatore Ferragamo SpA'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, Salvatore Ferragamo SpA 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. Salvatore Ferragamo SpA'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 Salvatore Ferragamo SpA 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. Salvatore Ferragamo SpA'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 Salvatore Ferragamo SpA stock overvalued right now?
Based on GuruFocus' analysis, Salvatore Ferragamo SpA (SFRGF) is currently considered Significantly Overvalued. The stock's GF Value™ is $6.81, compared to a current price of $8.90 — trading 30.7% above 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 Retail - Cyclical industry median of 5.00. Salvatore Ferragamo SpA's overall GF Score™ is 63/100 with 7 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 Salvatore Ferragamo SpA (SFRGF), the current Piotroski F-Score is 7 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 Salvatore Ferragamo SpA (SFRGF) Overvalued in 2026?

Based on GuruFocus' analysis, Salvatore Ferragamo SpA stock appears to be overvalued. The current stock price of $8.90 is trading 30.7% above its estimated GF Value™ of $6.81. GuruFocus considers Salvatore Ferragamo SpA to be Significantly Overvalued.

Key valuation signals for SFRGF:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: $6.81 vs. price of $8.90 (30.7% above fair value)
  • GF Score™: 63/100 with 7 warning signs
  • Industry Position: 40% above the Retail - Cyclical median (#98 of 1101)

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


Salvatore Ferragamo SpA Business Description

Address Via dei Tornabuoni 2, Firenze, ITA, 50123
Founded in 1927, Salvatore Ferragamo is an Italian monobrand company known for its footwear and accessories. The company generates about 45% of revenue in the fragmented footwear category, 40% in leather goods, 6% in apparel, and 7% in accessories. It was one of the pioneers in establishing a presence in Asia, where it generates 28% of sales and other emerging markets (8% of sales in Central and South America). Ferragamo generates 24% of revenue in Europe, 30% in the US, and 8% in Japan.
63GF Score

Get the complete analysis for SFRGF

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

$8.90
Price
$6.81
GF Value