Alimentation Couche-TardTSX:ATD +2.06%91 Piotroski F-Score is 7 as of Jun. 25, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates TSX:ATD with a GF Score™ of 91/100 and a GF Value™ of C$84.36 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 1,101 Retail - Cyclical companies, Alimentation Couche-Tard ranks better than 91.1% 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
Alimentation Couche-Tard 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 Alimentation Couche-Tard's Piotroski F-Score or its related term are showing as below:
TSX:ATD'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 7
Current: 7
During the past 13 years, the highest Piotroski F-Score of Alimentation Couche-Tard was 7. The lowest was 4. And the median was 6.
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.
Alimentation Couche-Tard Piotroski F-Score Related Terms
Alimentation Couche-Tard Piotroski F-Score Historical Data
* 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.
TSX:ATD vs CASY, WSM, ULTA: Piotroski F-Score Comparison
For the Specialty Retail subindustry, Alimentation Couche-Tard'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.
Alimentation Couche-Tard Piotroski F-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Alimentation Couche-Tard's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Alimentation Couche-Tard'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.
This Year (Apr26) TTM:
Last Year (Apr25) TTM:
Net Income was 1071.321 + 1035.951 + 1042.74 + 1187.52 = C$4,338 Mil. Cash Flow from Operations was 1731.501 + 1685.274 + 1742.307 + 2239.839 = C$7,399 Mil. Revenue was 23749.641 + 24991.101 + 30028.629 + 26803.658 = C$105,573 Mil. Gross Profit was 4537.197 + 4765.432 + 5832.569 + 4817.476 = C$19,953 Mil.
Average Total Assets from the begining of this year (Apr25)
to the end of this year (Apr26) was
(53549.886 + 55505.231 + 56825.131 + 56314.439 + 59852.869) / 5 = C$56409.5112 Mil. Total Assets at the begining of this year (Apr25) was C$53,550 Mil. Long-Term Debt & Capital Lease Obligation was C$20,642 Mil. Total Current Assets was C$13,801 Mil. Total Current Liabilities was C$12,278 Mil.
Net Income was 1084.503 + 975.096 + 922.91 + 614.325 = C$3,597 Mil.
Revenue was 25065.763 + 23944.471 + 30078.046 + 22747.786 = C$101,836 Mil. Gross Profit was 4351.589 + 4334.831 + 5416.307 + 4100.627 = C$18,203 Mil.
Average Total Assets from the begining of last year (Apr24)
to the end of last year (Apr25) was
(50891.893 + 51113.449 + 51050.989 + 52615.537 + 53549.886) / 5 = C$51844.3508 Mil. Total Assets at the begining of last year (Apr24) was C$50,892 Mil. Long-Term Debt & Capital Lease Obligation was C$17,815 Mil. Total Current Assets was C$10,525 Mil. Total Current Liabilities was C$10,650 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.
Alimentation Couche-Tard's current Net Income (TTM) was 4,338.
==> 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.
Alimentation Couche-Tard's current Cash Flow from Operations (TTM) was 7,399.
==> 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.
Alimentation Couche-Tard's return on assets of this year was 0.08099984. Alimentation Couche-Tard's return on assets of last year was 0.07067597.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Alimentation Couche-Tard's gearing of this year was 0.36592882. Alimentation Couche-Tard's gearing of last year was 0.3436222.
==> 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
Alimentation Couche-Tard's current ratio of this year was 1.12405481. Alimentation Couche-Tard's current ratio of last year was 0.98825043.
==> 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.
Alimentation Couche-Tard's number of shares in issue this year was 920.6. Alimentation Couche-Tard's number of shares in issue last year was 948.5.
==> 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.
Alimentation Couche-Tard's gross margin of this year was 0.18899405. Alimentation Couche-Tard's gross margin of last year was 0.17875154.
==> 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
Alimentation Couche-Tard's asset turnover of this year was 1.97148933. Alimentation Couche-Tard's asset turnover of last year was 2.00102728.
==> 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
=
1
+
1
+
1
+
1
+
0
+
1
+
1
+
1
+
0
=
7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Alimentation Couche-Tard has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Alimentation Couche-Tard (TSX:ATD) has a Piotroski F-Score of 7 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Alimentation Couche-Tard and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Alimentation Couche-Tard's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Alimentation Couche-Tard ranks #98 out of 1101 companies in the Retail - Cyclical industry, placing it in the top 8.9%.
Is Alimentation Couche-Tard's Piotroski F-Score too high?
Alimentation Couche-Tard'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 7.00. The Retail - Cyclical industry median Piotroski F-Score is 5.00. Alimentation Couche-Tard's value of 7 is 40% above this industry median. Based on the distribution chart, Alimentation Couche-Tard ranks #98 out of 1101 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Alimentation Couche-Tard has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Alimentation Couche-Tard's Piotroski F-Score compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Alimentation Couche-Tard ranks #98 out of 1101 companies for Piotroski F-Score. This places Alimentation Couche-Tard in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Alimentation Couche-Tard's value of 7 is 40% above this benchmark. Historically, Alimentation Couche-Tard's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Alimentation Couche-Tard 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. Alimentation Couche-Tard'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 Alimentation Couche-Tard 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. Alimentation Couche-Tard'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 Alimentation Couche-Tard stock overvalued right now?
Based on GuruFocus' analysis, Alimentation Couche-Tard (TSX:ATD) is currently considered Modestly Overvalued. The stock's GF Value™ is C$84.36, compared to a current price of C$93.76 — trading 11.1% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Retail - Cyclical industry median of 5.00. Alimentation Couche-Tard's overall GF Score™ is 91/100 with 9 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 Alimentation Couche-Tard (TSX:ATD), the current Piotroski F-Score is 7 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 Alimentation Couche-Tard (TSX:ATD) Overvalued in 2026?
Based on GuruFocus' analysis, Alimentation Couche-Tard stock appears to be overvalued.
The current stock price of C$93.76 is trading 11.1% above its estimated GF Value™ of C$84.36.
GuruFocus considers Alimentation Couche-Tard to be Modestly Overvalued.
Key valuation signals for TSX:ATD:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: C$84.36 vs. price of C$93.76 (11.1% above fair value)
Industry Position: 40% above the Retail - Cyclical median (#98 of 1101)
No single metric tells the full story. See the TSX:ATD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Europe, and Asia. The company generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals. In addition, the company operates stores under the Circle K banner in other countries such as Indonesia, Egypt, Macau, and others. Its operation is geographically divided into the U.S., Europe and other regions, and Canada. Revenue from external customers falls mainly into three categories: merchandise and services, road transportation fuel, and others. The company generates the majority of its revenue from the United States.
91GF Score
Get the complete analysis for TSX:ATD
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSX:ATD has been successfully added to your 
