Colruyt (XBRU:COLRS) Piotroski F-Score: 7 (As of Aug. 25, 2026) — Near Median

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What is Colruyt Piotroski F-Score?

Colruyt XBRU:COLRS 89 Piotroski F-Score is 7 as of Aug. 25, 2026, which is at its 10-year median of 7.00. GuruFocus rates XBRU:COLRS with a GF Score™ of 89/100. The stock has 2 warning signs investors should review. Among 299 Retail - Defensive companies, Colruyt ranks better than 87.96% 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

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

XBRU:COLRS' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Colruyt was 9. The lowest was 4. And the median was 7.

Colruyt  (XBRU:COLRS) 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.


Colruyt Piotroski F-Score Related Terms


Colruyt Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Colruyt'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.

Colruyt Piotroski F-Score Chart

Colruyt Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 4.00 9.00 6.00 7.00

Colruyt Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 9.00 0.00 6.00 0.00 7.00

XBRU:COLRS vs KR, SFM: Piotroski F-Score Comparison

For the Grocery Stores subindustry, Colruyt'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.


Colruyt Piotroski F-Score vs Retail - Defensive Industry

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

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


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 €303.50 Mil.
Cash Flow from Operations was €744.70 Mil.
Revenue was €10,568.20 Mil.
Gross Profit was €3,221.90 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (6464.7 + 6491.7) / 2 = €6478.2 Mil.
Total Assets at the begining of this year (Mar25) was €6,464.70 Mil.
Long-Term Debt & Capital Lease Obligation was €650.50 Mil.
Total Current Assets was €2,104.80 Mil.
Total Current Liabilities was €2,414.80 Mil.
Net Income was €337.30 Mil.

Revenue was €10,248.20 Mil.
Gross Profit was €3,122.80 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (6571.2 + 6464.7) / 2 = €6517.95 Mil.
Total Assets at the begining of last year (Mar24) was €6,571.20 Mil.
Long-Term Debt & Capital Lease Obligation was €748.00 Mil.
Total Current Assets was €2,116.80 Mil.
Total Current Liabilities was €2,359.00 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.

Colruyt's current Net Income (TTM) was 303.50. ==> 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.

Colruyt's current Cash Flow from Operations (TTM) was 744.70. ==> 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)
=303.5/6464.7
=0.04694727

ROA (Last Year)=Net Income/Total Assets (Mar24)
=337.3/6571.2
=0.05133005

Colruyt's return on assets of this year was 0.04694727. Colruyt's return on assets of last year was 0.05133005. ==> 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.

Colruyt's current Net Income (TTM) was 303.50. Colruyt's current Cash Flow from Operations (TTM) was 744.70. ==> 744.70 > 303.50 ==> 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
=650.5/6478.2
=0.1004137

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=748/6517.95
=0.11476001

Colruyt's gearing of this year was 0.1004137. Colruyt's gearing of last year was 0.11476001. ==> 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
=2104.8/2414.8
=0.87162498

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2116.8/2359
=0.89732938

Colruyt's current ratio of this year was 0.87162498. Colruyt's current ratio of last year was 0.89732938. ==> 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.

Colruyt's number of shares in issue this year was 0. Colruyt's number of shares in issue last year was 0. ==> 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
=3221.9/10568.2
=0.30486743

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3122.8/10248.2
=0.30471693

Colruyt's gross margin of this year was 0.30486743. Colruyt's gross margin of last year was 0.30471693. ==> 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)
=10568.2/6464.7
=1.6347549

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=10248.2/6571.2
=1.55956294

Colruyt's asset turnover of this year was 1.6347549. Colruyt's asset turnover of last year was 1.55956294. ==> 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

Colruyt 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?
Colruyt (XBRU:COLRS) has a Piotroski F-Score of 7 as of Aug. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Colruyt and its competitors. This is near median its historical median of 7.00. Over the past decade, Colruyt's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Colruyt ranks #36 out of 299 companies in the Retail - Defensive industry, placing it in the top 12%.
Is Colruyt's Piotroski F-Score too high?
Colruyt'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 4.00 to a high of 9.00. The Retail - Defensive industry median Piotroski F-Score is 6.00. Colruyt's value of 7 is 16.7% above this industry median. Based on the distribution chart, Colruyt ranks #36 out of 299 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, Colruyt has a GF Score™ of 89/100, reflecting its overall financial health beyond just this single metric.
How does Colruyt's Piotroski F-Score compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Colruyt ranks #36 out of 299 companies for Piotroski F-Score. This places Colruyt in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Colruyt's value of 7 is 16.7% above this benchmark. Historically, Colruyt's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 6.00, Colruyt 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 299 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. Colruyt'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 Colruyt 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. Colruyt'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 Colruyt stock overvalued right now?
Colruyt (XBRU:COLRS) has a current Piotroski F-Score of 7. 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. Colruyt's overall GF Score™ is 89/100 with 2 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 Colruyt (XBRU:COLRS), the current Piotroski F-Score is 7 as of Aug. 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.

Colruyt Business Description

Address Edingensesteenweg 196, Wilgenveld, Halle, BEL, 1500
Colruyt Group NV is a retail group that operates in the areas of expertise Food, Health and Well-being, Non-Food and Energy, mainly in Belgium, but also in other countries, including France and Luxembourg. It operates a chain of supermarkets under the Colruyt brand, offering products at low prices through both physical outlets and webshops. The group is also active in the wholesale segment through Spar stores and the Solucious food service, among other initiatives. Its operating segments are: Food; Health and Well-being and Non-food; and Group activities, Real Estate and Energy. The majority of its revenue is generated from the Food segment, which offers a diverse range of food brands and sells directly to bulk and other consumers through its own stores and online channels (retail).