Supergas Power (2019) (XTAE:SPGS) Piotroski F-Score: 5 (As of Jun. 28, 2026) — Near Median


XTAE:SPGS Supergas Power (2019) Ltd XTAE:SPGS
79 GF Score
Price ₪24.28
GF Value ₪31.23
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Supergas Power (2019) Piotroski F-Score?

Supergas Power (2019) XTAE:SPGS 79 Piotroski F-Score is 5 as of Jun. 28, 2026, which is at its 10-year median of 5.00. GuruFocus rates XTAE:SPGS with a GF Score™ of 79/100 and a GF Value™ of ₪31.23 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 492 Utilities - Regulated companies, Supergas Power (2019) ranks worse than 53.86% 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

Supergas Power (2019) 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 Supergas Power (2019)'s Piotroski F-Score or its related term are showing as below:

XTAE:SPGS' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 5

During the past 9 years, the highest Piotroski F-Score of Supergas Power (2019) was 7. The lowest was 2. And the median was 5.

Supergas Power (2019)  (XTAE:SPGS) 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.


Supergas Power (2019) Piotroski F-Score Related Terms


Supergas Power (2019) Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Supergas Power (2019)'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.

Supergas Power (2019) Piotroski F-Score Chart

Supergas Power (2019) Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 6.00 6.00 2.00 6.00 6.00

Supergas Power (2019) 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 7.00 5.00 6.00 5.00

XTAE:SPGS vs ATO, NI, UGI: Piotroski F-Score Comparison

For the Utilities - Regulated Gas subindustry, Supergas Power (2019)'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.


Supergas Power (2019) Piotroski F-Score vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Supergas Power (2019)'s Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Supergas Power (2019)'s Piotroski F-Score falls into.


XTAE:SPGS
79GF Score
Supergas Power (2019) Ltd XTAE:SPGS
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 -3.602 + -11.865 + 8.462 + 1.689 = ₪-5 Mil.
Cash Flow from Operations was 32.599 + 28.783 + 19.889 + -24.776 = ₪56 Mil.
Revenue was 218.732 + 270.249 + 262.694 + 305.532 = ₪1,057 Mil.
Gross Profit was 34.41 + 16.236 + 48.273 + 47.547 = ₪146 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1939.331 + 1827.268 + 1818.316 + 1780.212 + 1827.322) / 5 = ₪1838.4898 Mil.
Total Assets at the begining of this year (Mar25) was ₪1,939 Mil.
Long-Term Debt & Capital Lease Obligation was ₪460 Mil.
Total Current Assets was ₪470 Mil.
Total Current Liabilities was ₪577 Mil.
Net Income was 2.539 + -5.358 + 0.179 + 12.08 = ₪9 Mil.

Revenue was 186.723 + 233.896 + 226.444 + 270.26 = ₪917 Mil.
Gross Profit was 38.88 + 29.346 + 48.174 + 49.441 = ₪166 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1854.413 + 1901.038 + 1840.588 + 1853.24 + 1939.331) / 5 = ₪1877.722 Mil.
Total Assets at the begining of last year (Mar24) was ₪1,854 Mil.
Long-Term Debt & Capital Lease Obligation was ₪548 Mil.
Total Current Assets was ₪437 Mil.
Total Current Liabilities was ₪519 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.

Supergas Power (2019)'s current Net Income (TTM) was -5. ==> 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.

Score 1 if positive, 0 if negative.

Supergas Power (2019)'s current Cash Flow from Operations (TTM) was 56. ==> 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)
=-5.316/1939.331
=-0.00274115

ROA (Last Year)=Net Income/Total Assets (Mar24)
=9.44/1854.413
=0.00509056

Supergas Power (2019)'s return on assets of this year was -0.00274115. Supergas Power (2019)'s return on assets of last year was 0.00509056. ==> 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.

Supergas Power (2019)'s current Net Income (TTM) was -5. Supergas Power (2019)'s current Cash Flow from Operations (TTM) was 56. ==> 56 > -5 ==> 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
=460.332/1838.4898
=0.25038594

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=547.952/1877.722
=0.29181743

Supergas Power (2019)'s gearing of this year was 0.25038594. Supergas Power (2019)'s gearing of last year was 0.29181743. ==> 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
=470.425/577.395
=0.81473688

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=436.52/518.597
=0.8417326

Supergas Power (2019)'s current ratio of this year was 0.81473688. Supergas Power (2019)'s current ratio of last year was 0.8417326. ==> 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.

Supergas Power (2019)'s number of shares in issue this year was 17.892. Supergas Power (2019)'s number of shares in issue last year was 17.892. ==> 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
=146.466/1057.207
=0.13854051

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=165.841/917.323
=0.18078801

Supergas Power (2019)'s gross margin of this year was 0.13854051. Supergas Power (2019)'s gross margin of last year was 0.18078801. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=1057.207/1939.331
=0.54514005

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=917.323/1854.413
=0.49467028

Supergas Power (2019)'s asset turnover of this year was 0.54514005. Supergas Power (2019)'s asset turnover of last year was 0.49467028. ==> 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
=0+1+0+1+1+0+1+0+1
=5

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

Supergas Power (2019) has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 5 mean?
Supergas Power (2019) (XTAE:SPGS) has a Piotroski F-Score of 5 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Supergas Power (2019) and its competitors. This is near median its historical median of 5.00. Over the past decade, Supergas Power (2019)'s Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Supergas Power (2019) ranks #265 out of 492 companies in the Utilities - Regulated industry, placing it in the top 53.9%.
Is Supergas Power (2019)'s Piotroski F-Score too high?
Supergas Power (2019)'s current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Utilities - Regulated industry median Piotroski F-Score is 6.00. Supergas Power (2019)'s value of 5 is 16.7% below this industry median. Based on the distribution chart, Supergas Power (2019) ranks #265 out of 492 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Supergas Power (2019) has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Supergas Power (2019)'s Piotroski F-Score compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Supergas Power (2019) ranks #265 out of 492 companies for Piotroski F-Score. This places Supergas Power (2019) in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Supergas Power (2019)'s value of 5 is 16.7% below this benchmark. Historically, Supergas Power (2019)'s own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Supergas Power (2019) 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 an Utilities - Regulated company?
The median Piotroski F-Score among Utilities - Regulated companies is 6.00, based on 492 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. Supergas Power (2019)'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 Supergas Power (2019) and its competitors. For the Utilities - Regulated 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. Supergas Power (2019)'s current Piotroski F-Score is 5, which is near median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Supergas Power (2019) stock overvalued right now?
Based on GuruFocus' analysis, Supergas Power (2019) (XTAE:SPGS) is currently considered Modestly Undervalued. The stock's GF Value™ is ₪31.23, compared to a current price of ₪24.28 — trading 22.3% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 16.7% below the Utilities - Regulated industry median of 6.00. Supergas Power (2019)'s overall GF Score™ is 79/100 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 Supergas Power (2019) (XTAE:SPGS), the current Piotroski F-Score is 5 as of Jun. 28, 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 Supergas Power (2019) (XTAE:SPGS) Overvalued in 2026?

Based on GuruFocus' analysis, Supergas Power (2019) stock appears to be undervalued. The current stock price of ₪24.28 is trading 22.3% below its estimated GF Value™ of ₪31.23. GuruFocus considers Supergas Power (2019) to be Modestly Undervalued.

Key valuation signals for XTAE:SPGS:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: ₪31.23 vs. price of ₪24.28 (22.3% below fair value)
  • GF Score™: 79/100 with 2 warning signs
  • Industry Position: 16.7% below the Utilities - Regulated median (#265 of 492)

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


Supergas Power (2019) Business Description

Address 8 Hagavish, Netanya, ISR, 4250707
Supergas Power (2019) Ltd, formerly known as Electra Power (2019) Ltd, is engaged in the supply of energy and electricity in Israel. The company offers energy solutions which include cooking gas, natural gas, solar energy, and charging stations for electric vehicles. Electra Power focuses on transferring power into the hands of the consumer and providing smart services and solutions.
79GF Score

Get the complete analysis for XTAE:SPGS

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

₪24.28
Price
₪31.23
GF Value