TCLAF (Transcontinental) Piotroski F-Score: 7 (As of Jun. 26, 2026) — Near Median


TCLAF Transcontinental Inc TCLAF
53 GF Score
Price $3.93
GF Value $7.54
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Transcontinental Piotroski F-Score?

Transcontinental TCLAF +10.21% 53 Piotroski F-Score is 7 as of Jun. 26, 2026, which is at its 10-year median of 7.00. GuruFocus rates TCLAF with a GF Score™ of 53/100 and a GF Value™ of $7.54 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 389 Packaging & Containers companies, Transcontinental ranks better than 89.2% 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

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

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

During the past 13 years, the highest Piotroski F-Score of Transcontinental was 8. The lowest was 4. And the median was 7.

Transcontinental  (OTCPK:TCLAF) 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.


Transcontinental Piotroski F-Score Related Terms


Transcontinental Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Transcontinental'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.

Transcontinental Piotroski F-Score Chart

Transcontinental Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 7.00 7.00 7.00 7.00

Transcontinental Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 7.00 7.00 7.00 7.00 7.00

TCLAF vs SW, PKG, AMCR: Piotroski F-Score Comparison

For the Packaging & Containers subindustry, Transcontinental'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.


Transcontinental Piotroski F-Score vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Transcontinental's Piotroski F-Score distribution charts can be found below:

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


TCLAF
53GF Score
Transcontinental Inc TCLAF
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 (Apr26) TTM:Last Year (Apr25) TTM:
Net Income was 28.267 + 30.669 + 21.567 + 164.389 = $245 Mil.
Cash Flow from Operations was 56.826 + 123.32 + 7.843 + -21.376 = $167 Mil.
Revenue was 499.89 + 523.592 + 191.344 + 195.725 = $1,411 Mil.
Gross Profit was 250.895 + 261.51 + 107.981 + 112.622 = $733 Mil.
Average Total Assets from the begining of this year (Apr25)
to the end of this year (Apr26) was
(2352.693 + 2385.217 + 2392.408 + 2377.315 + 873.855) / 5 = $2076.2976 Mil.
Total Assets at the begining of this year (Apr25) was $2,353 Mil.
Long-Term Debt & Capital Lease Obligation was $131 Mil.
Total Current Assets was $295 Mil.
Total Current Liabilities was $374 Mil.
Net Income was 31.792 + 34.819 + 39.336 + 25.249 = $131 Mil.

Revenue was 510.427 + 544.668 + 179.095 + 202.632 = $1,437 Mil.
Gross Profit was 251.349 + 271.353 + 101.883 + 111.508 = $736 Mil.
Average Total Assets from the begining of last year (Apr24)
to the end of last year (Apr25) was
(2538.248 + 2566.939 + 2646.871 + 2512.475 + 2352.693) / 5 = $2523.4452 Mil.
Total Assets at the begining of last year (Apr24) was $2,538 Mil.
Long-Term Debt & Capital Lease Obligation was $585 Mil.
Total Current Assets was $659 Mil.
Total Current Liabilities was $294 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.

Transcontinental's current Net Income (TTM) was 245. ==> 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.

Transcontinental's current Cash Flow from Operations (TTM) was 167. ==> 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 (Apr25)
=244.892/2352.693
=0.10409008

ROA (Last Year)=Net Income/Total Assets (Apr24)
=131.196/2538.248
=0.05168762

Transcontinental's return on assets of this year was 0.10409008. Transcontinental's return on assets of last year was 0.05168762. ==> 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.

Transcontinental's current Net Income (TTM) was 245. Transcontinental's current Cash Flow from Operations (TTM) was 167. ==> 167 <= 245 ==> CFROA <= ROA ==> Score 0.

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: Apr26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr25 to Apr26
=130.871/2076.2976
=0.06303095

Gearing (Last Year: Apr25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr24 to Apr25
=584.865/2523.4452
=0.23177242

Transcontinental's gearing of this year was 0.06303095. Transcontinental's gearing of last year was 0.23177242. ==> 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: Apr26)=Total Current Assets/Total Current Liabilities
=295.041/373.855
=0.78918565

Current Ratio (Last Year: Apr25)=Total Current Assets/Total Current Liabilities
=658.894/293.899
=2.24190623

Transcontinental's current ratio of this year was 0.78918565. Transcontinental's current ratio of last year was 2.24190623. ==> Last year's current ratio is higher ==> Score 0.

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.

Transcontinental's number of shares in issue this year was 83.6. Transcontinental's number of shares in issue last year was 83.6. ==> 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
=733.008/1410.551
=0.51966076

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=736.093/1436.822
=0.51230633

Transcontinental's gross margin of this year was 0.51966076. Transcontinental's gross margin of last year was 0.51230633. ==> 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 (Apr25)
=1410.551/2352.693
=0.59954741

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Apr24)
=1436.822/2538.248
=0.56606841

Transcontinental's asset turnover of this year was 0.59954741. Transcontinental's asset turnover of last year was 0.56606841. ==> 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+0+1+0+1+1+1
=7

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

Transcontinental 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?
Transcontinental (TCLAF) has a Piotroski F-Score of 7 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Transcontinental and its competitors. This is near median its historical median of 7.00. Over the past decade, Transcontinental's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Transcontinental ranks #42 out of 389 companies in the Packaging & Containers industry, placing it in the top 10.8%.
Is Transcontinental's Piotroski F-Score too high?
Transcontinental's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Packaging & Containers industry median Piotroski F-Score is 5.00. Transcontinental's value of 7 is 40% above this industry median. Based on the distribution chart, Transcontinental ranks #42 out of 389 companies in the Packaging & Containers industry, which is in the top quartile — a strong position relative to peers. Overall, Transcontinental has a GF Score™ of 53/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Transcontinental's Piotroski F-Score compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Transcontinental ranks #42 out of 389 companies for Piotroski F-Score. This places Transcontinental in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Transcontinental's value of 7 is 40% above this benchmark. Historically, Transcontinental'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 7.00 vs. the industry median of 5.00, Transcontinental 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 Packaging & Containers company?
The median Piotroski F-Score among Packaging & Containers companies is 5.00, based on 389 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. Transcontinental'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 Transcontinental and its competitors. For the Packaging & Containers 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. Transcontinental's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Transcontinental stock overvalued right now?
Based on GuruFocus' analysis, Transcontinental (TCLAF) is currently considered Significantly Undervalued. The stock's GF Value™ is $7.54, compared to a current price of $3.93 — trading 47.8% below its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Packaging & Containers industry median of 5.00. Transcontinental's 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 Transcontinental (TCLAF), the current Piotroski F-Score is 7 as of Jun. 26, 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 Transcontinental (TCLAF) Overvalued in 2026?

Based on GuruFocus' analysis, Transcontinental stock appears to be undervalued. The current stock price of $3.93 is trading 47.8% below its estimated GF Value™ of $7.54. GuruFocus considers Transcontinental to be Significantly Undervalued.

Key valuation signals for TCLAF:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: $7.54 vs. price of $3.93 (47.8% below fair value)
  • GF Score™: 53/100 with 5 warning signs
  • Industry Position: 40% above the Packaging & Containers median (#42 of 389)

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


Transcontinental Business Description

Address 1 Place Ville Marie, Suite 3240, Affaires Juridiques, A/s Caroline Hamel, Montreal, QC, CAN, H3B 0G1
Transcontinental Inc operates in flexible packaging, retail marketing services, printing, and French-language educational publishing across Canada, the United States, Latin America, and the United Kingdom. Its Packaging Sector provides extrusion, lamination, printing, and converting of flexible plastic products, including rollstock, labels, die cut lids, shrink films, bags, pouches, and coatings. The Retail Services and Printing Sector offers content solutions, marketing and media services, flyer printing, digital flyer solutions, in-store marketing and print solutions for newspapers, magazines and 4-colour books, and the Other column includes the Media Sector, which publishes print and digital educational, supplemental and professional books, along with head office costs and eliminations.
53GF Score

Get the complete analysis for TCLAF

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

$3.93
Price
$7.54
GF Value