DollaramaTSX:DOL +3.21%90 Piotroski F-Score is 5 as of Jun. 25, 2026, which is 29% below its 10-year median of 7.00. GuruFocus rates TSX:DOL with a GF Score™ of 90/100 and a GF Value™ of C$180.82 (Fairly Valued). The stock has 1 warning sign investors should review. Among 298 Retail - Defensive companies, Dollarama ranks worse than 53.02% 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
Dollarama has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Dollarama's Piotroski F-Score or its related term are showing as below:
TSX:DOL'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 7 Max: 8
Current: 5
During the past 13 years, the highest Piotroski F-Score of Dollarama was 8. The lowest was 5. And the median was 7.
Dollarama (TSX:DOL) 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.
Dollarama Piotroski F-Score Related Terms
Dollarama Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Dollarama'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.
TSX:DOL vs WMT, COST, TGT: Piotroski F-Score Comparison
For the Discount Stores subindustry, Dollarama'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.
Dollarama Piotroski F-Score vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Dollarama's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Dollarama'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 321.498 + 321.724 + 392.46 + 302.274 = C$1,338 Mil. Cash Flow from Operations was 427.223 + 433.639 + 584.678 + 382.923 = C$1,828 Mil. Revenue was 1723.838 + 1909.442 + 2101.264 + 1846.089 = C$7,581 Mil. Gross Profit was 784.49 + 855.801 + 956.064 + 809.989 = C$3,406 Mil.
Average Total Assets from the begining of this year (Apr25)
to the end of this year (Apr26) was
(6568.184 + 7682.756 + 7400.996 + 7558.352 + 8235.644) / 5 = C$7489.1864 Mil. Total Assets at the begining of this year (Apr25) was C$6,568 Mil. Long-Term Debt & Capital Lease Obligation was C$5,425 Mil. Total Current Assets was C$2,013 Mil. Total Current Liabilities was C$1,284 Mil.
Net Income was 285.942 + 275.806 + 390.954 + 273.756 = C$1,226 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.
Dollarama's current Net Income (TTM) was 1,338.
==> 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.
Dollarama's return on assets of this year was 0.20370258. Dollarama's return on assets of last year was 0.2234379.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Dollarama's current ratio of this year was 1.56781978. Dollarama's current ratio of last year was 1.31149076.
==> 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.
Dollarama's number of shares in issue this year was 273.405. Dollarama's number of shares in issue last year was 278.211.
==> 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.
Dollarama's gross margin of this year was 0.44934823. Dollarama's gross margin of last year was 0.45320401.
==> 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
Dollarama's asset turnover of this year was 1.15414443. Dollarama's asset turnover of last year was 1.18938673.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Dollarama has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Dollarama (TSX:DOL) has a Piotroski F-Score of 5 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Dollarama and its competitors. This is 29% below median its historical median of 7.00. Over the past decade, Dollarama's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Dollarama ranks #158 out of 298 companies in the Retail - Defensive industry, placing it in the top 53%.
Is Dollarama's Piotroski F-Score too high?
Dollarama's current Piotroski F-Score of 5 is 29% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Retail - Defensive industry median Piotroski F-Score is 6.00. Dollarama's value of 5 is 16.7% below this industry median. Based on the distribution chart, Dollarama ranks #158 out of 298 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Dollarama has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dollarama's Piotroski F-Score compare to WMT and COST?
According to the Retail - Defensive industry distribution chart, Dollarama ranks #158 out of 298 companies for Piotroski F-Score. This places Dollarama in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Dollarama's value of 5 is 16.7% below this benchmark. Historically, Dollarama's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 6.00, Dollarama 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 298 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. Dollarama's current Piotroski F-Score of 5 is 16.7% 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 Dollarama 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. Dollarama's current Piotroski F-Score is 5, which is 29% below 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 Dollarama stock overvalued right now?
Based on GuruFocus' analysis, Dollarama (TSX:DOL) is currently considered Fairly Valued. The stock's GF Value™ is C$180.82, compared to a current price of C$192.17 — trading 6.3% above its estimated fair value. The current Piotroski F-Score is 5, which is 29% below median its 10-year median of 7.00 and 16.7% below the Retail - Defensive industry median of 6.00. Dollarama's overall GF Score™ is 90/100 with 1 warning sign 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 Dollarama (TSX:DOL), the current Piotroski F-Score is 5 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 Dollarama (TSX:DOL) Overvalued in 2026?
Based on GuruFocus' analysis, Dollarama stock appears to be overvalued.
The current stock price of C$192.17 is trading 6.3% above its estimated GF Value™ of C$180.82.
GuruFocus considers Dollarama to be Fairly Valued.
Key valuation signals for TSX:DOL:
Piotroski F-Score: 5 (29% below median its 10-year median of 7.00)
GF Value™: C$180.82 vs. price of C$192.17 (6.3% above fair value)
Industry Position: 16.7% below the Retail - Defensive median (#158 of 298)
No single metric tells the full story. See the TSX:DOL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dollarama is Canada's largest dollar store chain that sells a broad range of everyday consumables and household items at low fixed price points, currently capped at CAD 5. General merchandise and consumables make up 90% of total sales, and the rest is from festivity-related seasonal items. The retailer operates close to 1,700 stores across Canada, mostly in convenient locations in metropolitan areas, midsize cities, and small towns. It also holds a 60% stake in South American value retailer Dollarcity, which operates more than 600 stores across Colombia, Guatemala, El Salvador, Peru, and Mexico. In 2025, the firm closed its CAD 234 million acquisition of Australian retail chain The Reject Shop, which operates about 400 stores.
90GF Score
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