TPR (Tapestry) Piotroski F-Score: 8 (As of Jun. 24, 2026) — 33% Above Median


TPR Tapestry Inc TPR
77 GF Score
Price $150.21
GF Value $76.74
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Tapestry Piotroski F-Score?

Tapestry TPR -0.21% 77 Piotroski F-Score is 8 as of Jun. 24, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates TPR with a GF Score™ of 77/100 and a GF Value™ of $76.74 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,101 Retail - Cyclical companies, Tapestry ranks better than 98.55% 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

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

TPR' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Tapestry was 8. The lowest was 3. And the median was 6.

Tapestry  (NYSE:TPR) 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.


Tapestry Piotroski F-Score Related Terms


Tapestry Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Tapestry'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.

Tapestry Piotroski F-Score Chart

Tapestry Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 5.00 8.00 7.00 6.00

Tapestry 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 6.00 6.00 8.00 8.00

TPR vs SIG, CPRI, REAL: Piotroski F-Score Comparison

For the Luxury Goods subindustry, Tapestry'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.


Tapestry Piotroski F-Score vs Retail - Cyclical Industry

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

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


TPR
77GF Score
Tapestry Inc TPR
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 -517.1 + 274.8 + 561.3 + 343.8 = $663 Mil.
Cash Flow from Operations was 446.8 + 112.6 + 1081.1 + 262.6 = $1,903 Mil.
Revenue was 1723.2 + 1704.6 + 2502.4 + 1920.6 = $7,851 Mil.
Gross Profit was 1315.1 + 1300.5 + 1888.4 + 1476.5 = $5,981 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(7306.2 + 6580.5 + 6363.3 + 6531 + 6466.7) / 5 = $6649.54 Mil.
Total Assets at the begining of this year (Mar25) was $7,306 Mil.
Long-Term Debt & Capital Lease Obligation was $3,613 Mil.
Total Current Assets was $2,717 Mil.
Total Current Liabilities was $1,476 Mil.
Net Income was 159.3 + 186.6 + 310.4 + 203.3 = $860 Mil.

Revenue was 1591.1 + 1507.5 + 2195.4 + 1584.6 = $6,879 Mil.
Gross Profit was 1191.2 + 1134.9 + 1633.1 + 1205.8 = $5,165 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(13727.9 + 13396.3 + 13728.9 + 7251.9 + 7306.2) / 5 = $11082.24 Mil.
Total Assets at the begining of last year (Mar24) was $13,728 Mil.
Long-Term Debt & Capital Lease Obligation was $3,507 Mil.
Total Current Assets was $2,861 Mil.
Total Current Liabilities was $1,628 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.

Tapestry's current Net Income (TTM) was 663. ==> 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.

Tapestry's current Cash Flow from Operations (TTM) was 1,903. ==> 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)
=662.8/7306.2
=0.09071747

ROA (Last Year)=Net Income/Total Assets (Mar24)
=859.6/13727.9
=0.06261701

Tapestry's return on assets of this year was 0.09071747. Tapestry's return on assets of last year was 0.06261701. ==> 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.

Tapestry's current Net Income (TTM) was 663. Tapestry's current Cash Flow from Operations (TTM) was 1,903. ==> 1,903 > 663 ==> 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
=3612.9/6649.54
=0.54333082

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=3507.2/11082.24
=0.31647032

Tapestry's gearing of this year was 0.54333082. Tapestry's gearing of last year was 0.31647032. ==> 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
=2717.3/1476
=1.84098916

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2861.4/1627.9
=1.75772468

Tapestry's current ratio of this year was 1.84098916. Tapestry's current ratio of last year was 1.75772468. ==> 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.

Tapestry's number of shares in issue this year was 208.3. Tapestry's number of shares in issue last year was 213.9. ==> 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
=5980.5/7850.8
=0.7617695

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5165/6878.6
=0.75087954

Tapestry's gross margin of this year was 0.7617695. Tapestry's gross margin of last year was 0.75087954. ==> 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)
=7850.8/7306.2
=1.07453943

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=6878.6/13727.9
=0.50106717

Tapestry's asset turnover of this year was 1.07453943. Tapestry's asset turnover of last year was 0.50106717. ==> 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

Tapestry 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?
Tapestry (TPR) has a Piotroski F-Score of 8 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Tapestry and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Tapestry's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Tapestry ranks #16 out of 1101 companies in the Retail - Cyclical industry, placing it in the top 1.5%.
Is Tapestry's Piotroski F-Score too high?
Tapestry'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 3.00 to a high of 8.00. The Retail - Cyclical industry median Piotroski F-Score is 5.00. Tapestry's value of 8 is 60% above this industry median. Based on the distribution chart, Tapestry ranks #16 out of 1101 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Tapestry has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tapestry's Piotroski F-Score compare to SIG and CPRI?
According to the Retail - Cyclical industry distribution chart, Tapestry ranks #16 out of 1101 companies for Piotroski F-Score. This places Tapestry in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Tapestry's value of 8 is 60% above this benchmark. Historically, Tapestry's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Tapestry 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. Tapestry'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 Tapestry 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. Tapestry'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 Tapestry stock overvalued right now?
Based on GuruFocus' analysis, Tapestry (TPR) is currently considered Significantly Overvalued. The stock's GF Value™ is $76.74, compared to a current price of $150.21 — trading 95.7% 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 Retail - Cyclical industry median of 5.00. Tapestry's overall GF Score™ is 77/100 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 Tapestry (TPR), the current Piotroski F-Score is 8 as of Jun. 24, 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 Tapestry (TPR) Overvalued in 2026?

Based on GuruFocus' analysis, Tapestry stock appears to be overvalued. The current stock price of $150.21 is trading 95.7% above its estimated GF Value™ of $76.74. GuruFocus considers Tapestry to be Significantly Overvalued.

Key valuation signals for TPR:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: $76.74 vs. price of $150.21 (95.7% above fair value)
  • GF Score™: 77/100 with 5 warning signs
  • Industry Position: 60% above the Retail - Cyclical median (#16 of 1101)

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


Tapestry Business Description

Address 10 Hudson Yards, New York, NY, USA, 10001
Based in New York City, Tapestry is the parent company of accessories and fashion brand Coach, which accounted for 80% of its revenue and well over 90% of its operating profit in fiscal 2025. Handbags accounted for 58% of the brand's fiscal 2025 revenue. Coach products are sold through more than 950 company-owned stores, company-operated digital channels, and wholesale partners in North America, Asia, and Europe. Tapestry also owns Kate Spade (17% of fiscal 2025 revenue), which operates about 335 worldwide stores and generated 52% of its sales from handbags in fiscal 2025. Kate Spade is known for its colorful patterns and graphics. Tapestry sold its smallest brand, luxury footwear maker Stuart Weitzman, to Caleres in August 2025.
77GF Score

Get the complete analysis for TPR

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

$150.21
Price
$76.74
GF Value