George Weston (TSX:WN) Piotroski F-Score: 7 (As of Jul. 04, 2026) — Near Median


TSX:WN George Weston Ltd TSX:WN
79 GF Score
Price C$99.64
GF Value C$83.94
Valuation Modestly Overvalued
! 6 Warning Signs
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What is George Weston Piotroski F-Score?

George Weston TSX:WN -0.99% 79 Piotroski F-Score is 7 as of Jul. 04, 2026, which is at its 10-year median of 7.00. GuruFocus rates TSX:WN with a GF Score™ of 79/100 and a GF Value™ of C$83.94 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 296 Retail - Defensive companies, George Weston ranks better than 88.18% 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

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

TSX:WN' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 7   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of George Weston was 9. The lowest was 3. And the median was 7.

George Weston  (TSX:WN) 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.


George Weston Piotroski F-Score Related Terms


George Weston Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for George Weston'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.

George Weston Piotroski F-Score Chart

George Weston Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 7.00 7.00 5.00 6.00

George Weston 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 7.00 6.00 7.00

TSX:WN vs KR, SFM, ACI: Piotroski F-Score Comparison

For the Grocery Stores subindustry, George Weston'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.


George Weston Piotroski F-Score vs Retail - Defensive Industry

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

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


TSX:WN
79GF Score
George Weston Ltd TSX:WN
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 268 + 491 + 290 + 116 = C$1,165 Mil.
Cash Flow from Operations was 1395 + 1850 + 2306 + 1297 = C$6,848 Mil.
Revenue was 14823 + 19548 + 15855 + 14639 = C$64,865 Mil.
Gross Profit was 5000 + 6355 + 4520 + 4703 = C$20,578 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(50233 + 50848 + 52055 + 52167 + 52098) / 5 = C$51480.2 Mil.
Total Assets at the begining of this year (Mar25) was C$50,233 Mil.
Long-Term Debt & Capital Lease Obligation was C$18,505 Mil.
Total Current Assets was C$15,509 Mil.
Total Current Liabilities was C$13,925 Mil.
Net Income was 410 + 29 + 674 + 93 = C$1,206 Mil.

Revenue was 14091 + 18685 + 14206 + 14054 = C$61,036 Mil.
Gross Profit was 4765 + 6020 + 4035 + 4534 = C$19,354 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(48713 + 49607 + 49973 + 51436 + 50233) / 5 = C$49992.4 Mil.
Total Assets at the begining of last year (Mar24) was C$48,713 Mil.
Long-Term Debt & Capital Lease Obligation was C$19,931 Mil.
Total Current Assets was C$14,575 Mil.
Total Current Liabilities was C$10,674 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.

George Weston's current Net Income (TTM) was 1,165. ==> 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.

George Weston's current Cash Flow from Operations (TTM) was 6,848. ==> 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)
=1165/50233
=0.02319193

ROA (Last Year)=Net Income/Total Assets (Mar24)
=1206/48713
=0.02475725

George Weston's return on assets of this year was 0.02319193. George Weston's return on assets of last year was 0.02475725. ==> Last year is higher ==> Score 0.

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.

George Weston's current Net Income (TTM) was 1,165. George Weston's current Cash Flow from Operations (TTM) was 6,848. ==> 6,848 > 1,165 ==> 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
=18505/51480.2
=0.35945859

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=19931/49992.4
=0.3986806

George Weston's gearing of this year was 0.35945859. George Weston's gearing of last year was 0.3986806. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=15509/13925
=1.11375224

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=14575/10674
=1.36546749

George Weston's current ratio of this year was 1.11375224. George Weston's current ratio of last year was 1.36546749. ==> 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.

George Weston's number of shares in issue this year was 380.2. George Weston's number of shares in issue last year was 391.1. ==> 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
=20578/64865
=0.31724351

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=19354/61036
=0.31709155

George Weston's gross margin of this year was 0.31724351. George Weston's gross margin of last year was 0.31709155. ==> 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)
=64865/50233
=1.29128262

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=61036/48713
=1.25297149

George Weston's asset turnover of this year was 1.29128262. George Weston's asset turnover of last year was 1.25297149. ==> 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+0+1+1+0+1+1+1
=7

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

George Weston 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?
George Weston (TSX:WN) has a Piotroski F-Score of 7 as of Jul. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on George Weston and its competitors. This is near median its historical median of 7.00. Over the past decade, George Weston's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, George Weston ranks #35 out of 296 companies in the Retail - Defensive industry, placing it in the top 11.8%.
Is George Weston's Piotroski F-Score too high?
George Weston'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 3.00 to a high of 9.00. The Retail - Defensive industry median Piotroski F-Score is 6.00. George Weston's value of 7 is 16.7% above this industry median. Based on the distribution chart, George Weston ranks #35 out of 296 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, George Weston has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does George Weston's Piotroski F-Score compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, George Weston ranks #35 out of 296 companies for Piotroski F-Score. This places George Weston in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. George Weston's value of 7 is 16.7% above this benchmark. Historically, George Weston's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 6.00, George Weston 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 - 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. George Weston's current Piotroski F-Score of 7 is 16.7% 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 George Weston 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. George Weston'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 George Weston stock overvalued right now?
Based on GuruFocus' analysis, George Weston (TSX:WN) is currently considered Modestly Overvalued. The stock's GF Value™ is C$83.94, compared to a current price of C$99.64 — trading 18.7% above its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 16.7% above the Retail - Defensive industry median of 6.00. George Weston's overall GF Score™ is 79/100 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 George Weston (TSX:WN), the current Piotroski F-Score is 7 as of Jul. 04, 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 George Weston (TSX:WN) Overvalued in 2026?

Based on GuruFocus' analysis, George Weston stock appears to be overvalued. The current stock price of C$99.64 is trading 18.7% above its estimated GF Value™ of C$83.94. GuruFocus considers George Weston to be Modestly Overvalued.

Key valuation signals for TSX:WN:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: C$83.94 vs. price of C$99.64 (18.7% above fair value)
  • GF Score™: 79/100 with 6 warning signs
  • Industry Position: 16.7% above the Retail - Defensive median (#35 of 296)

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


George Weston Business Description

Address 22 St. Clair Avenue East, Suite 800, Toronto, ON, CAN, M4T 2S5
George Weston is a holding company that controls majority stakes in retailer Loblaw and in Choice Properties, a real estate investment trust. Loblaw boasts the largest retail footprint across Canada with 2,500 food retail and pharmacy stores under banners such as Loblaw, No-Frills, Maxi, and Shoppers Drug Mart. Meanwhile, open-ended Choice Properties REIT owns and manages over 700 commercial and residential properties in Canada, generating roughly 60% of its gross rental revenue from its largest tenant Loblaw. Previously, George Weston sold its wholly owned bakery Weston Foods in 2022. The firm is controlled by the Weston family, which owns a 60% stake.
79GF Score

Get the complete analysis for TSX:WN

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

C$99.64
Price
C$83.94
GF Value