Hormel FoodsHRL +1.31%64 Piotroski F-Score is 5 as of Jun. 26, 2026, which is at its 10-year median of 5.00. GuruFocus rates HRL with a GF Score™ of 64/100 and a GF Value™ of $31.22 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,911 Consumer Packaged Goods companies, Hormel Foods ranks better than 52.07% 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
Hormel Foods 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 Hormel Foods's Piotroski F-Score or its related term are showing as below:
HRL'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 8
Current: 5
During the past 13 years, the highest Piotroski F-Score of Hormel Foods was 8. The lowest was 2. And the median was 5.
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.
Hormel Foods Piotroski F-Score Related Terms
Hormel Foods Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Hormel Foods'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.
HRL vs MKC, JBS, SJM: Piotroski F-Score Comparison
For the Packaged Foods subindustry, Hormel Foods'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.
Hormel Foods Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Hormel Foods's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Hormel Foods'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 (Apr26) TTM:
Last Year (Apr25) TTM:
Net Income was 183.742 + -56.137 + 181.801 + 157.474 = $467 Mil. Cash Flow from Operations was 156.699 + 322.906 + 349.214 + 178.939 = $1,008 Mil. Revenue was 3032.876 + 3185.661 + 3027.317 + 2972.6 = $12,218 Mil. Gross Profit was 487.309 + 444.841 + 469.575 + 518.507 = $1,920 Mil.
Average Total Assets from the begining of this year (Apr25)
to the end of this year (Apr26) was
(13421.808 + 13496.726 + 13393.119 + 13316.433 + 13344.286) / 5 = $13394.4744 Mil. Total Assets at the begining of this year (Apr25) was $13,422 Mil. Long-Term Debt & Capital Lease Obligation was $2,351 Mil. Total Current Assets was $3,494 Mil. Total Current Liabilities was $1,803 Mil.
Net Income was 176.701 + 220.196 + 170.575 + 180.017 = $747 Mil.
Revenue was 2898.443 + 3138.091 + 2988.813 + 2898.81 = $11,924 Mil. Gross Profit was 488.369 + 521.23 + 475.232 + 484.433 = $1,969 Mil.
Average Total Assets from the begining of last year (Apr24)
to the end of last year (Apr25) was
(14135.373 + 13113.781 + 13434.729 + 13403.483 + 13421.808) / 5 = $13501.8348 Mil. Total Assets at the begining of last year (Apr24) was $14,135 Mil. Long-Term Debt & Capital Lease Obligation was $2,851 Mil. Total Current Assets was $3,282 Mil. Total Current Liabilities was $1,328 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.
Hormel Foods's current Net Income (TTM) was 467.
==> 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.
Hormel Foods's return on assets of this year was 0.03478518. Hormel Foods's return on assets of last year was 0.05288074.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Hormel Foods's gearing of this year was 0.17552044. Hormel Foods's gearing of last year was 0.21113405.
==> 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
Hormel Foods's current ratio of this year was 1.93788964. Hormel Foods's current ratio of last year was 2.47206296.
==> 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.
Hormel Foods's number of shares in issue this year was 550.915. Hormel Foods's number of shares in issue last year was 550.611.
==> 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.
Hormel Foods's gross margin of this year was 0.15715834. Hormel Foods's gross margin of last year was 0.16514912.
==> 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
Hormel Foods's asset turnover of this year was 0.91034338. Hormel Foods's asset turnover of last year was 0.84356861.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Hormel Foods has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Hormel Foods (HRL) has a Piotroski F-Score of 5 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Hormel Foods and its competitors. This is near median its historical median of 5.00. Over the past decade, Hormel Foods' Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Hormel Foods ranks #916 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 47.9%.
Is Hormel Foods' Piotroski F-Score too high?
Hormel Foods' 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 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Hormel Foods' value of 5 is 0% at this industry median. Based on the distribution chart, Hormel Foods ranks #916 out of 1911 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Hormel Foods has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hormel Foods' Piotroski F-Score compare to MKC and JBS?
According to the Consumer Packaged Goods industry distribution chart, Hormel Foods ranks #916 out of 1911 companies for Piotroski F-Score. This puts Hormel Foods in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Hormel Foods' value of 5 is 0% at this benchmark. Historically, Hormel Foods' own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Hormel Foods 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,911 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. Hormel Foods's current Piotroski F-Score of 5 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 Hormel Foods and its competitors. For the Consumer Packaged Goods 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. Hormel Foods'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 Hormel Foods stock overvalued right now?
Based on GuruFocus' analysis, Hormel Foods (HRL) is currently considered Modestly Undervalued. The stock's GF Value™ is $31.22, compared to a current price of $26.36 — trading 15.6% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Consumer Packaged Goods industry median of 5.00. Hormel Foods' overall GF Score™ is 64/100 with 5 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 Hormel Foods (HRL), the current Piotroski F-Score is 5 as of Jun. 26, 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 Hormel Foods (HRL) Overvalued in 2026?
Based on GuruFocus' analysis, Hormel Foods stock appears to be undervalued.
The current stock price of $26.36 is trading 15.6% below its estimated GF Value™ of $31.22.
GuruFocus considers Hormel Foods to be Modestly Undervalued.
Key valuation signals for HRL:
Piotroski F-Score: 5 (near median its 10-year median of 5.00)
GF Value™: $31.22 vs. price of $26.36 (15.6% below fair value)
Industry Position: 0% at the Consumer Packaged Goods median (#916 of 1911)
No single metric tells the full story. See the HRL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Historically meat-focused, Hormel Foods broadened its lineup to include other protein offerings and became a branded food company. The firm sells its wares through multiple channels, including US retail (61.6% of fiscal 2025 sales), US foodservice (32.6%), and international (5.9%). By product, 73% of fiscal 2025 sales were from perishable food and 27% from shelf-stable. Major brands include Hormel, Spam, Jennie-O, Columbus, Applegate, Planters, and Skippy. Many of these hold the number one or two market share in their respective categories.
64GF Score
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