CVS Bay AreaTSE:2687 48 Piotroski F-Score is 4 as of Jun. 28, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates TSE:2687 with a GF Score™ of 48/100 and a GF Value™ of 円606.55 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 296 Retail - Defensive companies, CVS Bay Area ranks worse than 71.96% 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
CVS Bay Area 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 CVS Bay Area's Piotroski F-Score or its related term are showing as below:
TSE:2687'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 6 Max: 7
Current: 4
During the past 13 years, the highest Piotroski F-Score of CVS Bay Area was 7. The lowest was 2. And the median was 6.
CVS Bay Area (TSE:2687) 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.
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.
CVS Bay Area Piotroski F-Score Related Terms
CVS Bay Area Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for CVS Bay Area'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.
For the Grocery Stores subindustry, CVS Bay Area'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.
CVS Bay Area Piotroski F-Score vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, CVS Bay Area's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where CVS Bay Area's Piotroski F-Score falls into.
* 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.
*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.
CVS Bay Area's current Net Income (TTM) was -1,140.
==> 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.
CVS Bay Area's return on assets of this year was -0.10118055. CVS Bay Area's return on assets of last year was 0.10923619.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
CVS Bay Area's gearing of this year was 0.31915698. CVS Bay Area's gearing of last year was 0.30806138.
==> 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
CVS Bay Area's current ratio of this year was 0.85975032. CVS Bay Area's current ratio of last year was 0.86992028.
==> 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.
CVS Bay Area's number of shares in issue this year was 4.936. CVS Bay Area's number of shares in issue last year was 4.936.
==> 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.
CVS Bay Area's gross margin of this year was 0.48020817. CVS Bay Area's gross margin of last year was 0.4659656.
==> 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
CVS Bay Area's asset turnover of this year was 0.701426. CVS Bay Area's asset turnover of last year was 0.76089155.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
CVS Bay Area has an F-score of 4 indicating the company's financial situation is typical for a stable company.
CVS Bay Area (TSE:2687) has a Piotroski F-Score of 4 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on CVS Bay Area and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, CVS Bay Area's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, CVS Bay Area ranks #213 out of 296 companies in the Retail - Defensive industry, placing it in the top 72%.
Is CVS Bay Area's Piotroski F-Score too high?
CVS Bay Area's current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Retail - Defensive industry median Piotroski F-Score is 6.00. CVS Bay Area's value of 4 is 33.3% below this industry median. Based on the distribution chart, CVS Bay Area ranks #213 out of 296 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, CVS Bay Area has a GF Score™ of 48/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CVS Bay Area's Piotroski F-Score compare to KR?
According to the Retail - Defensive industry distribution chart, CVS Bay Area ranks #213 out of 296 companies for Piotroski F-Score. This places CVS Bay Area in the lower half of its industry. The industry median Piotroski F-Score is 6.00. CVS Bay Area's value of 4 is 33.3% below this benchmark. Historically, CVS Bay Area's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, CVS Bay Area 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 Retail - Defensive company?
The median Piotroski F-Score among Retail - Defensive companies is 6.00, based on 296 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. CVS Bay Area's current Piotroski F-Score of 4 is 33.3% 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 CVS Bay Area and its competitors. For the Retail - Defensive 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. CVS Bay Area's current Piotroski F-Score is 4, which is 33% below 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 CVS Bay Area stock overvalued right now?
Based on GuruFocus' analysis, CVS Bay Area (TSE:2687) is currently considered Modestly Undervalued. The stock's GF Value™ is 円606.55, compared to a current price of 円475.00 — trading 21.7% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 33.3% below the Retail - Defensive industry median of 6.00. CVS Bay Area's overall GF Score™ is 48/100 with 6 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 CVS Bay Area (TSE:2687), the current Piotroski F-Score is 4 as of Jun. 28, 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 CVS Bay Area (TSE:2687) Overvalued in 2026?
Based on GuruFocus' analysis, CVS Bay Area stock appears to be undervalued.
The current stock price of 円475.00 is trading 21.7% below its estimated GF Value™ of 円606.55.
GuruFocus considers CVS Bay Area to be Modestly Undervalued.
Key valuation signals for TSE:2687:
Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
GF Value™: 円606.55 vs. price of 円475.00 (21.7% below fair value)
Industry Position: 33.3% below the Retail - Defensive median (#213 of 296)
No single metric tells the full story. See the TSE:2687 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CVS Bay Area Inc engaged in operating convenience store named Lawson and business hotel named Bay Hotel. The company is also engaged in mansion front business at condominiums and reception and office butler service for enterprise, and cleaning business.
48GF Score
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