SGA (Saga Communications) Piotroski F-Score: 4 (As of Jun. 25, 2026) — 20% Below Median


SGA Saga Communications Inc SGA
53 GF Score
Price $8.45
GF Value $12.51
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Saga Communications Piotroski F-Score?

Saga Communications SGA +0.24% 53 Piotroski F-Score is 4 as of Jun. 25, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates SGA with a GF Score™ of 53/100 and a GF Value™ of $12.51 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,015 Media - Diversified companies, Saga Communications ranks worse than 59.21% on this metric.

The zones of discrimination were as such:

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

Saga Communications has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Saga Communications's Piotroski F-Score or its related term are showing as below:

SGA' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 4

During the past 13 years, the highest Piotroski F-Score of Saga Communications was 7. The lowest was 3. And the median was 5.

Saga Communications  (NAS:SGA) 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.


Saga Communications Piotroski F-Score Related Terms


Saga Communications Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Saga Communications'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.

Saga Communications Piotroski F-Score Chart

Saga Communications 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 6.00 6.00 6.00 3.00

Saga Communications 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 6.00 5.00 5.00 3.00 4.00

SGA vs MDIA, CAST, SALM: Piotroski F-Score Comparison

For the Broadcasting subindustry, Saga Communications'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.


Saga Communications Piotroski F-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Saga Communications's Piotroski F-Score distribution charts can be found below:

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


SGA
53GF Score
Saga Communications Inc SGA
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 1.128 + -0.532 + -6.92 + -2.394 = $-8.7 Mil.
Cash Flow from Operations was 0.755 + 3.363 + -0.018 + 0.407 = $4.5 Mil.
Revenue was 28.229 + 28.166 + 26.505 + 22.867 = $105.8 Mil.
Gross Profit was 6.003 + 3.492 + 3.587 + 0.855 = $13.9 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(219.305 + 218.873 + 218.352 + 201.322 + 198.03) / 5 = $211.1764 Mil.
Total Assets at the begining of this year (Mar25) was $219.3 Mil.
Long-Term Debt & Capital Lease Obligation was $5.0 Mil.
Total Current Assets was $47.8 Mil.
Total Current Liabilities was $17.0 Mil.
Net Income was 2.501 + 1.267 + 1.269 + -1.575 = $3.5 Mil.

Revenue was 29.716 + 28.118 + 31.395 + 24.212 = $113.4 Mil.
Gross Profit was 6.411 + 5.409 + 8.033 + 2.249 = $22.1 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(218.046 + 221.617 + 223.21 + 221.725 + 219.305) / 5 = $220.7806 Mil.
Total Assets at the begining of last year (Mar24) was $218.0 Mil.
Long-Term Debt & Capital Lease Obligation was $5.0 Mil.
Total Current Assets was $45.6 Mil.
Total Current Liabilities was $16.8 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.

Saga Communications's current Net Income (TTM) was -8.7. ==> 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.

Saga Communications's current Cash Flow from Operations (TTM) was 4.5. ==> 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)
=-8.718/219.305
=-0.03975286

ROA (Last Year)=Net Income/Total Assets (Mar24)
=3.462/218.046
=0.01587738

Saga Communications's return on assets of this year was -0.03975286. Saga Communications's return on assets of last year was 0.01587738. ==> Last year is higher ==> Score 0.

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.

Saga Communications's current Net Income (TTM) was -8.7. Saga Communications's current Cash Flow from Operations (TTM) was 4.5. ==> 4.5 > -8.7 ==> 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
=5/211.1764
=0.02367689

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=5/220.7806
=0.02264692

Saga Communications's gearing of this year was 0.02367689. Saga Communications's gearing of last year was 0.02264692. ==> 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
=47.754/17.012
=2.80707736

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=45.606/16.768
=2.71982347

Saga Communications's current ratio of this year was 2.80707736. Saga Communications's current ratio of last year was 2.71982347. ==> 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.

Saga Communications's number of shares in issue this year was 6.074. Saga Communications's number of shares in issue last year was 6.123. ==> 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
=13.937/105.767
=0.13177078

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=22.102/113.441
=0.19483256

Saga Communications's gross margin of this year was 0.13177078. Saga Communications's gross margin of last year was 0.19483256. ==> 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)
=105.767/219.305
=0.48228267

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=113.441/218.046
=0.52026178

Saga Communications's asset turnover of this year was 0.48228267. Saga Communications's asset turnover of last year was 0.52026178. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

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

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

Saga Communications has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
Saga Communications (SGA) has a Piotroski F-Score of 4 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Saga Communications and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Saga Communications' Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Saga Communications ranks #601 out of 1015 companies in the Media - Diversified industry, placing it in the top 59.2%.
Is Saga Communications' Piotroski F-Score too high?
Saga Communications' current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Media - Diversified industry median Piotroski F-Score is 5.00. Saga Communications' value of 4 is 20% below this industry median. Based on the distribution chart, Saga Communications ranks #601 out of 1015 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Saga Communications has a GF Score™ of 53/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Saga Communications' Piotroski F-Score compare to MDIA and CAST?
According to the Media - Diversified industry distribution chart, Saga Communications ranks #601 out of 1015 companies for Piotroski F-Score. This places Saga Communications in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Saga Communications' value of 4 is 20% below this benchmark. Historically, Saga Communications' own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Saga Communications has consistently been below 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 Media - Diversified company?
The median Piotroski F-Score among Media - Diversified companies is 5.00, based on 1,015 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. Saga Communications's current Piotroski F-Score of 4 is 20% below 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 Saga Communications and its competitors. For the Media - Diversified 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. Saga Communications's current Piotroski F-Score is 4, which is 20% below median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saga Communications stock overvalued right now?
Based on GuruFocus' analysis, Saga Communications (SGA) is currently considered Significantly Undervalued. The stock's GF Value™ is $12.51, compared to a current price of $8.45 — trading 32.5% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Media - Diversified industry median of 5.00. Saga Communications' overall GF Score™ is 53/100 with 5 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 Saga Communications (SGA), the current Piotroski F-Score is 4 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 Saga Communications (SGA) Overvalued in 2026?

Based on GuruFocus' analysis, Saga Communications stock appears to be undervalued. The current stock price of $8.45 is trading 32.5% below its estimated GF Value™ of $12.51. GuruFocus considers Saga Communications to be Significantly Undervalued.

Key valuation signals for SGA:

  • Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
  • GF Value™: $12.51 vs. price of $8.45 (32.5% below fair value)
  • GF Score™: 53/100 with 5 warning signs
  • Industry Position: 20% below the Media - Diversified median (#601 of 1015)

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


Saga Communications Business Description

Other Exchanges SGHB:Germany
Address 73 Kercheval Avenue, Grosse Pointe Farms, MI, USA, 48236
Saga Communications Inc is a broadcast company engaged in acquiring, developing, and operating broadcast properties. The company's objective is to operate top billing radio stations in mid-sized markets. It derives a majority of its revenue from the sale of advertising for broadcast on its stations.
53GF Score

Get the complete analysis for SGA

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

$8.45
Price
$12.51
GF Value