Grupo Argos (XSGO:GRPARGOSUS) Piotroski F-Score: 6 (As of Aug. 25, 2026) — 50% Above Median

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XSGO:GRPARGOSUS Grupo Argos SA XSGO:GRPARGOSUS
12 GF Score
Price CLP3,075.00
GF Value CLP2,448.61
Valuation Modestly Overvalued
! 9 Warning Signs
View Full Analysis

What is Grupo Argos Piotroski F-Score?

Grupo Argos XSGO:GRPARGOSUS 12 Piotroski F-Score is 6 as of Aug. 25, 2026, which is 50% above its 10-year median of 4.00. GuruFocus rates XSGO:GRPARGOSUS with a GF Score™ of 12/100 and a GF Value™ of CLP2,448.61 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 391 Building Materials companies, Grupo Argos ranks better than 69.31% 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

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

XSGO:GRPARGOSUS' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of Grupo Argos was 7. The lowest was 2. And the median was 4.

Grupo Argos  (XSGO:GRPARGOSUS) 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.


Grupo Argos Piotroski F-Score Related Terms


Grupo Argos Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Grupo Argos'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.

Grupo Argos Piotroski F-Score Chart

Grupo Argos 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 6.00 5.00 5.00 5.00 6.00

Grupo Argos Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 6.00 5.00 6.00

XSGO:GRPARGOSUS vs CRH, VMC, MLM: Piotroski F-Score Comparison

For the Building Materials subindustry, Grupo Argos'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.


Grupo Argos Piotroski F-Score vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Grupo Argos's Piotroski F-Score distribution charts can be found below:

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


XSGO:GRPARGOSUS
12GF Score
Grupo Argos SA XSGO:GRPARGOSUS
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 (Jun26) TTM:Last Year (Jun25) TTM:
Net Income was 347513.381 + 40540.817 + 21670.25 + 21102.294 = CLP430,827 Mil.
Cash Flow from Operations was 249239.461 + 271421.916 + 47348.368 + 92077.753 = CLP660,087 Mil.
Revenue was 818668.828 + 687595.698 + 668678.111 + 744264.851 = CLP2,919,207 Mil.
Gross Profit was 211421.449 + 195207.074 + 214038.954 + 217012.396 = CLP837,680 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(12206076.751 + 9945351.183 + 9196046.3 + 9261267.312 + 9741613.354) / 5 = CLP10070070.98 Mil.
Total Assets at the begining of this year (Jun25) was CLP12,206,077 Mil.
Long-Term Debt & Capital Lease Obligation was CLP984,080 Mil.
Total Current Assets was CLP3,613,080 Mil.
Total Current Liabilities was CLP1,810,504 Mil.
Net Income was 73520.679 + 51766.505 + 267958.741 + 9032.553 = CLP402,278 Mil.

Revenue was 653096.899 + 796247.944 + 656029.771 + 624523.237 = CLP2,729,898 Mil.
Gross Profit was 189357.579 + 155576.206 + 214881.217 + 191679.923 = CLP751,495 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(12750654.018 + 11607930.578 + 11514411.054 + 12101343.329 + 12206076.751) / 5 = CLP12036083.146 Mil.
Total Assets at the begining of last year (Jun24) was CLP12,750,654 Mil.
Long-Term Debt & Capital Lease Obligation was CLP1,125,047 Mil.
Total Current Assets was CLP6,851,863 Mil.
Total Current Liabilities was CLP2,144,607 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.

Grupo Argos's current Net Income (TTM) was 430,827. ==> 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.

Grupo Argos's current Cash Flow from Operations (TTM) was 660,087. ==> 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 (Jun25)
=430826.742/12206076.751
=0.03529609

ROA (Last Year)=Net Income/Total Assets (Jun24)
=402278.478/12750654.018
=0.03154963

Grupo Argos's return on assets of this year was 0.03529609. Grupo Argos's return on assets of last year was 0.03154963. ==> 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.

Grupo Argos's current Net Income (TTM) was 430,827. Grupo Argos's current Cash Flow from Operations (TTM) was 660,087. ==> 660,087 > 430,827 ==> 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: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun25 to Jun26
=984079.964/10070070.98
=0.09772324

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=1125046.555/12036083.146
=0.09347281

Grupo Argos's gearing of this year was 0.09772324. Grupo Argos's gearing of last year was 0.09347281. ==> 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

Current Ratio (This Year: Jun26)=Total Current Assets/Total Current Liabilities
=3613080.094/1810503.842
=1.99562133

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=6851862.681/2144606.791
=3.19492725

Grupo Argos's current ratio of this year was 1.99562133. Grupo Argos's current ratio of last year was 3.19492725. ==> 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.

Grupo Argos's number of shares in issue this year was 683.137. Grupo Argos's number of shares in issue last year was 837.209. ==> 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
=837679.873/2919207.488
=0.28695455

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=751494.925/2729897.851
=0.27528317

Grupo Argos's gross margin of this year was 0.28695455. Grupo Argos's gross margin of last year was 0.27528317. ==> 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 (Jun25)
=2919207.488/12206076.751
=0.23916018

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=2729897.851/12750654.018
=0.21409865

Grupo Argos's asset turnover of this year was 0.23916018. Grupo Argos's asset turnover of last year was 0.21409865. ==> 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+1+1+0+0+1+1+1
=7

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

Grupo Argos 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 6 mean?
Grupo Argos (XSGO:GRPARGOSUS) has a Piotroski F-Score of 6 as of Aug. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Grupo Argos and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, Grupo Argos' Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Grupo Argos ranks #120 out of 391 companies in the Building Materials industry, placing it in the top 30.7%.
Is Grupo Argos' Piotroski F-Score too high?
Grupo Argos' current Piotroski F-Score of 6 is 50% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Building Materials industry median Piotroski F-Score is 6.00. Grupo Argos' value of 6 is 0% at this industry median. Based on the distribution chart, Grupo Argos ranks #120 out of 391 companies in the Building Materials industry, which is above the industry midpoint. Overall, Grupo Argos has a GF Score™ of 12/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Grupo Argos' Piotroski F-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, Grupo Argos ranks #120 out of 391 companies for Piotroski F-Score. This puts Grupo Argos in the upper half of its industry. The industry median Piotroski F-Score is 6.00. Grupo Argos' value of 6 is 0% at this benchmark. Historically, Grupo Argos' own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 6.00, Grupo Argos has consistently been at 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 Building Materials company?
The median Piotroski F-Score among Building Materials companies is 6.00, based on 391 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. Grupo Argos's current Piotroski F-Score of 6 is 0% at 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 Grupo Argos and its competitors. For the Building Materials 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. Grupo Argos's current Piotroski F-Score is 6, which is 50% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grupo Argos stock overvalued right now?
Based on GuruFocus' analysis, Grupo Argos (XSGO:GRPARGOSUS) is currently considered Modestly Overvalued. The stock's GF Value™ is CLP2,448.61, compared to a current price of CLP3,075.00 — trading 25.6% above its estimated fair value. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 0% at the Building Materials industry median of 6.00. Grupo Argos' overall GF Score™ is 12/100 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 Grupo Argos (XSGO:GRPARGOSUS), the current Piotroski F-Score is 6 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.

Is Grupo Argos (XSGO:GRPARGOSUS) Overvalued in 2026?

Based on GuruFocus' analysis, Grupo Argos stock appears to be overvalued. The current stock price of CLP3,075.00 is trading 25.6% above its estimated GF Value™ of CLP2,448.61. GuruFocus considers Grupo Argos to be Modestly Overvalued.

Key valuation signals for XSGO:GRPARGOSUS:

  • Piotroski F-Score: 6 (50% above median its 10-year median of 4.00)
  • GF Value™: CLP2,448.61 vs. price of CLP3,075.00 (25.6% above fair value)
  • GF Score™: 12/100 with 9 warning signs
  • Industry Position: 0% at the Building Materials median (#120 of 391)

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


Grupo Argos Business Description

Address Carrera 43A, No. 1A Sur 143, Santillana Center - South Tower, Medellin, COL
Grupo Argos SA is a holding company with businesses spanning multiple industries including cement, energy, highway and airport construction, port operations, real estate, and coal. The Cement segment, which generates the majority of revenue, has a majority ownership stake in Cementos Argos, which manufactures and sells cement, concrete, and cement-related products in multiple countries throughout the Americas. The Energy segment has a majority ownership stake in a company named Celsia, which generates and sells gas, thermal energy, and hydroelectric energy throughout Central and South America.
12GF Score

Get the complete analysis for XSGO:GRPARGOSUS

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

CLP3,075.00
Price
CLP2,448.61
GF Value