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CAPXSGO:CAP 56 Piotroski F-Score is 6 as of Aug. 12, 2026, which is at its 10-year median of 6.00. GuruFocus rates XSGO:CAP with a GF Score™ of 56/100 and a GF Value™ of CLP6,665.14 (Fairly Valued). The stock has 9 warning signs investors should review. Among 623 Steel companies, CAP ranks better than 78.01% 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
CAP has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for CAP's Piotroski F-Score or its related term are showing as below:
XSGO:CAP'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 6 Max: 8
Current: 6
During the past 13 years, the highest Piotroski F-Score of CAP was 8. The lowest was 2. 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.
CAP Piotroski F-Score Related Terms
CAP Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for CAP'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.
XSGO:CAP vs NUE, STLD, RS: Piotroski F-Score Comparison
For the Steel subindustry, CAP'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.
CAP Piotroski F-Score vs Steel Industry
For the Steel industry and Basic Materials sector, CAP's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where CAP'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 (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was -15065.645 + -11867.575 + -12259.988 + -39322.294 = CLP-78,516 Mil. Cash Flow from Operations was 50283.438 + 160707.167 + 130355.473 + 122722.245 = CLP464,068 Mil. Revenue was 482378.963 + 554726.201 + 450401.22 + 357025.312 = CLP1,844,532 Mil. Gross Profit was 57956.379 + 122664.208 + 46130.122 + 47121.742 = CLP273,872 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(5782279.275 + 5925518.437 + 5589892.061 + 5411180.12 + 5281276.77) / 5 = CLP5598029.3326 Mil. Total Assets at the begining of this year (Jun25) was CLP5,782,279 Mil. Long-Term Debt & Capital Lease Obligation was CLP1,155,253 Mil. Total Current Assets was CLP910,960 Mil. Total Current Liabilities was CLP796,290 Mil.
Net Income was -7799.609 + -66923.454 + -12413.943 + -39991.155 = CLP-127,128 Mil.
Revenue was 405076.931 + 442049.641 + 402990.236 + 363904.322 = CLP1,614,021 Mil. Gross Profit was 55735.171 + 32716.886 + 41325.423 + 19702.173 = CLP149,480 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(6116133.544 + 5999754.086 + 6257818.001 + 5929808.967 + 5782279.275) / 5 = CLP6017158.7746 Mil. Total Assets at the begining of last year (Jun24) was CLP6,116,134 Mil. Long-Term Debt & Capital Lease Obligation was CLP1,270,228 Mil. Total Current Assets was CLP1,101,659 Mil. Total Current Liabilities was CLP952,349 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.
CAP's current Net Income (TTM) was -78,516.
==> 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.
CAP's return on assets of this year was -0.01357864. CAP's return on assets of last year was -0.02078571.
==> This year is higher. ==> Score 1.
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.
CAP's current Net Income (TTM) was -78,516. CAP's current Cash Flow from Operations (TTM) was 464,068.
==> 464,068 > -78,516 ==> 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.
CAP's current ratio of this year was 1.14400559. CAP's current ratio of last year was 1.15677989.
==> 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.
CAP's number of shares in issue this year was 115.313. CAP's number of shares in issue last year was 114.577.
==> There is larger number of shares in issue this year. ==> Score 0.
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.
CAP's gross margin of this year was 0.14847804. CAP's gross margin of last year was 0.09261319.
==> 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
CAP's asset turnover of this year was 0.31899734. CAP's asset turnover of last year was 0.26389567.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
CAP has an F-score of 6 indicating the company's financial situation is typical for a stable company.
CAP (XSGO:CAP) has a Piotroski F-Score of 6 as of Aug. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on CAP and its competitors. This is near median its historical median of 6.00. Over the past decade, CAP's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, CAP ranks #137 out of 623 companies in the Steel industry, placing it in the top 22%.
Is CAP's Piotroski F-Score too high?
CAP's current Piotroski F-Score of 6 is near 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 8.00. The Steel industry median Piotroski F-Score is 5.00. CAP's value of 6 is 20% above this industry median. Based on the distribution chart, CAP ranks #137 out of 623 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, CAP has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CAP's Piotroski F-Score compare to NUE and STLD?
According to the Steel industry distribution chart, CAP ranks #137 out of 623 companies for Piotroski F-Score. This places CAP in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. CAP's value of 6 is 20% above this benchmark. Historically, CAP's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, CAP 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 Steel company?
The median Piotroski F-Score among Steel companies is 5.00, based on 623 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. CAP's current Piotroski F-Score of 6 is 20% 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 CAP and its competitors. For the Steel 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. CAP's current Piotroski F-Score is 6, which is near 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 CAP stock overvalued right now?
Based on GuruFocus' analysis, CAP (XSGO:CAP) is currently considered Fairly Valued. The stock's GF Value™ is CLP6,665.14, compared to a current price of CLP6,313.30 — trading 5.3% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Steel industry median of 5.00. CAP's overall GF Score™ is 56/100 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 CAP (XSGO:CAP), the current Piotroski F-Score is 6 as of Aug. 12, 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 CAP (XSGO:CAP) Overvalued in 2026?
Based on GuruFocus' analysis, CAP stock appears to be undervalued.
The current stock price of CLP6,313.30 is trading 5.3% below its estimated GF Value™ of CLP6,665.14.
GuruFocus considers CAP to be Fairly Valued.
Key valuation signals for XSGO:CAP:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: CLP6,665.14 vs. price of CLP6,313.30 (5.3% below fair value)
Industry Position: 20% above the Steel median (#137 of 623)
No single metric tells the full story. See the XSGO:CAP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CAP SA is a Chile-based holding company. The company, through its subsidiaries, is engaged in mining, steel production, steel processing, and infrastructure business. The company manages three business areas: iron ore (CAP Mining), steel production (CAP Steel) and CAP Steel Solutions. The company's main customers are located in Bahrain, Chile, China, Japan, Korea, Malaysia, and the USA. The firm's CAP Mining business division is engaged in the production of iron ore and pellets. CAP Steel operates through its subsidiary Compania Siderurgica Huachipato S.A, which sells steel products to distributors and construction companies, and CAP Steel Solutions main purpose is the manufacture, distribution, import and export of all kinds of steel and metal products.
56GF Score
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