TFI International (STU:9TF) Piotroski F-Score: 7 (As of Jul. 31, 2026) — 17% Above Median

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STU:9TF TFI International Inc STU:9TF
73 GF Score
Price €123.55
GF Value €130.28
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is TFI International Piotroski F-Score?

TFI International STU:9TF +0.77% 73 Piotroski F-Score is 7 as of Jul. 31, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates STU:9TF with a GF Score™ of 73/100 and a GF Value™ of €130.28 (Fairly Valued). The stock has 4 warning signs investors should review. Among 979 Transportation companies, TFI International ranks better than 86.31% 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

TFI International has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

STU:9TF' 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 TFI International was 8. The lowest was 4. And the median was 6.

TFI International  (STU:9TF) 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.


TFI International Piotroski F-Score Related Terms


TFI International Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for TFI International'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.

TFI International Piotroski F-Score Chart

TFI International 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 7.00 4.00 5.00 5.00

TFI International Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 6.00 5.00 6.00 7.00

STU:9TF vs ODFL, XPO, KNX: Piotroski F-Score Comparison

For the Trucking subindustry, TFI International'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.


TFI International Piotroski F-Score vs Transportation Industry

For the Transportation industry and Industrials sector, TFI International's Piotroski F-Score distribution charts can be found below:

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


STU:9TF
73GF Score
TFI International Inc STU:9TF
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 (Jun26) TTM:Last Year (Jun25) TTM:
Net Income was 72.155 + 61.191 + 37.461 + 118.18 = €289 Mil.
Cash Flow from Operations was 217.562 + 240.995 + 105.111 + 221.856 = €786 Mil.
Revenue was 1677.308 + 1634.549 + 1685.974 + 1987.59 = €6,985 Mil.
Gross Profit was 216.625 + 261.925 + 173.069 + 281.419 = €933 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(6250.601 + 6059.559 + 6412.887 + 6474.419 + 6504.775) / 5 = €6340.4482 Mil.
Total Assets at the begining of this year (Jun25) was €6,251 Mil.
Long-Term Debt & Capital Lease Obligation was €2,338 Mil.
Total Current Assets was €1,218 Mil.
Total Current Liabilities was €1,113 Mil.
Net Income was 113.41 + 84.15 + 51.83 + 85.122 = €335 Mil.

Revenue was 1968.309 + 1983.427 + 1817.058 + 1766.617 = €7,535 Mil.
Gross Profit was 269.437 + 358.091 + 200.4 + 230.582 = €1,059 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(6920.227 + 6757.368 + 6843.364 + 6583.183 + 6250.601) / 5 = €6670.9486 Mil.
Total Assets at the begining of last year (Jun24) was €6,920 Mil.
Long-Term Debt & Capital Lease Obligation was €2,408 Mil.
Total Current Assets was €940 Mil.
Total Current Liabilities was €896 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.

TFI International's current Net Income (TTM) was 289. ==> 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.

TFI International's current Cash Flow from Operations (TTM) was 786. ==> 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 (Jun25)
=288.987/6250.601
=0.04623347

ROA (Last Year)=Net Income/Total Assets (Jun24)
=334.512/6920.227
=0.0483383

TFI International's return on assets of this year was 0.04623347. TFI International's return on assets of last year was 0.0483383. ==> 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.

TFI International's current Net Income (TTM) was 289. TFI International's current Cash Flow from Operations (TTM) was 786. ==> 786 > 289 ==> 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: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun25 to Jun26
=2338.431/6340.4482
=0.36881162

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=2408.089/6670.9486
=0.3609815

TFI International's gearing of this year was 0.36881162. TFI International's gearing of last year was 0.3609815. ==> 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: Jun26)=Total Current Assets/Total Current Liabilities
=1218.357/1113.187
=1.09447649

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=939.514/896.253
=1.04826874

TFI International's current ratio of this year was 1.09447649. TFI International's current ratio of last year was 1.04826874. ==> 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.

TFI International's number of shares in issue this year was 82.406. TFI International's number of shares in issue last year was 83.655. ==> 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
=933.038/6985.421
=0.13356933

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1058.51/7535.411
=0.14047144

TFI International's gross margin of this year was 0.13356933. TFI International's gross margin of last year was 0.14047144. ==> 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 (Jun25)
=6985.421/6250.601
=1.1175599

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=7535.411/6920.227
=1.08889651

TFI International's asset turnover of this year was 1.1175599. TFI International's asset turnover of last year was 1.08889651. ==> 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+0+1+0+1+1+0+1
=6

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

TFI International has an F-score of 6 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 7 mean?
TFI International (STU:9TF) has a Piotroski F-Score of 7 as of Jul. 31, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on TFI International and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, TFI International's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, TFI International ranks #134 out of 979 companies in the Transportation industry, placing it in the top 13.7%.
Is TFI International's Piotroski F-Score too high?
TFI International'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 Transportation industry median Piotroski F-Score is 6.00. TFI International's value of 7 is 16.7% above this industry median. Based on the distribution chart, TFI International ranks #134 out of 979 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, TFI International has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TFI International's Piotroski F-Score compare to ODFL and XPO?
According to the Transportation industry distribution chart, TFI International ranks #134 out of 979 companies for Piotroski F-Score. This places TFI International in the top 14% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. TFI International's value of 7 is 16.7% above this benchmark. Historically, TFI International'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 6.00, TFI International 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 979 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. TFI International's current Piotroski F-Score of 7 is 16.7% 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 TFI International and its competitors. For the Transportation industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TFI International'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 TFI International stock overvalued right now?
Based on GuruFocus' analysis, TFI International (STU:9TF) is currently considered Fairly Valued. The stock's GF Value™ is €130.28, compared to a current price of €123.55 — trading 5.2% below its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 16.7% above the Transportation industry median of 6.00. TFI International's overall GF Score™ is 73/100 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 TFI International (STU:9TF), the current Piotroski F-Score is 7 as of Jul. 31, 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 TFI International (STU:9TF) Overvalued in 2026?

Based on GuruFocus' analysis, TFI International stock appears to be undervalued. The current stock price of €123.55 is trading 5.2% below its estimated GF Value™ of €130.28. GuruFocus considers TFI International to be Fairly Valued.

Key valuation signals for STU:9TF:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: €130.28 vs. price of €123.55 (5.2% below fair value)
  • GF Score™: 73/100 with 4 warning signs
  • Industry Position: 16.7% above the Transportation median (#134 of 979)

No single metric tells the full story. See the STU:9TF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TFI International Business Description

Address 8801 Trans-Canada Highway, Suite 500, Saint-Laurent, Montreal, QC, CAN, H4S 1Z6
TFI International Inc is involved in the provision of transportation and logistics services across the United States, Canada, and Mexico. The company's reportable segments are; Less-Than-Truckload, which derives maximum revenue, Truckload, and Logistics. The Less-Than-Truckload segment engages in pickup, consolidation, transport, and delivery of smaller loads; the Truckload segment deals with full loads carried directly from the customer to the destination using a closed van or specialized equipment to meet customer's specific needs; and the Logistics segment provides asset-light logistics services, including brokerage, freight forwarding, and transportation management, as well as small package parcel delivery. Geographically, the company generates maximum revenue from the United States.
73GF Score

Get the complete analysis for STU:9TF

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

€123.55
Price
€130.28
GF Value