ADV (Advantage Solutions) Piotroski F-Score: 4 (As of Aug. 11, 2026) — 20% Below Median

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ADV Advantage Solutions Inc ADV
60 GF Score
Price $29.88
GF Value $57.70
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Advantage Solutions Piotroski F-Score?

Advantage Solutions ADV +6.11% 60 Piotroski F-Score is 4 as of Aug. 11, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates ADV with a GF Score™ of 60/100 and a GF Value™ of $57.70 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 999 Media - Diversified companies, Advantage Solutions ranks worse than 60.26% 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

Advantage Solutions has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Advantage Solutions's Piotroski F-Score or its related term are showing as below:

ADV' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 4

During the past 10 years, the highest Piotroski F-Score of Advantage Solutions was 7. The lowest was 2. And the median was 5.

Advantage Solutions  (NAS:ADV) 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.


Advantage Solutions Piotroski F-Score Related Terms


Advantage Solutions Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Advantage Solutions'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.

Advantage Solutions Piotroski F-Score Chart

Advantage Solutions Annual Data
Trend Dec15 Dec16 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 4.00 4.00 6.00 5.00

Advantage Solutions 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 4.00 5.00 5.00 4.00 4.00

ADV vs NEXN, NCMI, TSQ: Piotroski F-Score Comparison

For the Advertising Agencies subindustry, Advantage Solutions'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.


Advantage Solutions Piotroski F-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Advantage Solutions's Piotroski F-Score distribution charts can be found below:

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


ADV
60GF Score
Advantage Solutions Inc ADV
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 20.565 + -161.73 + -71.831 + -62.707 = $-276 Mil.
Cash Flow from Operations was 63.63 + 45.63 + 23.728 + -6.516 = $126 Mil.
Revenue was 915.012 + 932.131 + 869.601 + 889.45 = $3,606 Mil.
Gross Profit was 138.591 + 129.943 + 108.027 + 105.619 = $482 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(3028.79 + 2993.522 + 2793.415 + 2564.85 + 2539.712) / 5 = $2784.0578 Mil.
Total Assets at the begining of this year (Jun25) was $3,029 Mil.
Long-Term Debt & Capital Lease Obligation was $1,516 Mil.
Total Current Assets was $830 Mil.
Total Current Liabilities was $463 Mil.
Net Income was -42.776 + -178.044 + -56.13 + -30.44 = $-307 Mil.

Revenue was 939.27 + 892.285 + 821.792 + 873.707 = $3,527 Mil.
Gross Profit was 144.312 + 131.372 + 99.038 + 126.775 = $501 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(3497.411 + 3391.358 + 3106.517 + 3013.353 + 3028.79) / 5 = $3207.4858 Mil.
Total Assets at the begining of last year (Jun24) was $3,497 Mil.
Long-Term Debt & Capital Lease Obligation was $1,664 Mil.
Total Current Assets was $927 Mil.
Total Current Liabilities was $473 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.

Advantage Solutions's current Net Income (TTM) was -276. ==> 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.

Advantage Solutions's current Cash Flow from Operations (TTM) was 126. ==> 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)
=-275.703/3028.79
=-0.09102744

ROA (Last Year)=Net Income/Total Assets (Jun24)
=-307.39/3497.411
=-0.08789073

Advantage Solutions's return on assets of this year was -0.09102744. Advantage Solutions's return on assets of last year was -0.08789073. ==> 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.

Advantage Solutions's current Net Income (TTM) was -276. Advantage Solutions's current Cash Flow from Operations (TTM) was 126. ==> 126 > -276 ==> 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
=1515.972/2784.0578
=0.54451887

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=1663.7/3207.4858
=0.51869287

Advantage Solutions's gearing of this year was 0.54451887. Advantage Solutions's gearing of last year was 0.51869287. ==> 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
=830.342/462.882
=1.79385243

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=926.709/473.358
=1.95773389

Advantage Solutions's current ratio of this year was 1.79385243. Advantage Solutions's current ratio of last year was 1.95773389. ==> 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.

Advantage Solutions's number of shares in issue this year was 12.917. Advantage Solutions's number of shares in issue last year was 12.973. ==> 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
=482.18/3606.194
=0.13370884

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=501.497/3527.054
=0.1421858

Advantage Solutions's gross margin of this year was 0.13370884. Advantage Solutions's gross margin of last year was 0.1421858. ==> 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 (Jun25)
=3606.194/3028.79
=1.19063851

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=3527.054/3497.411
=1.0084757

Advantage Solutions's asset turnover of this year was 1.19063851. Advantage Solutions's asset turnover of last year was 1.0084757. ==> 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+0+0+1+0+1
=4

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

Advantage Solutions has an F-score of 4 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 4 mean?
Advantage Solutions (ADV) has a Piotroski F-Score of 4 as of Aug. 11, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Advantage Solutions and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Advantage Solutions' Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Advantage Solutions ranks #602 out of 999 companies in the Media - Diversified industry, placing it in the top 60.3%.
Is Advantage Solutions' Piotroski F-Score too high?
Advantage Solutions' current Piotroski F-Score of 4 is 20% below 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 Media - Diversified industry median Piotroski F-Score is 5.00. Advantage Solutions' value of 4 is 20% below this industry median. Based on the distribution chart, Advantage Solutions ranks #602 out of 999 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Advantage Solutions has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Advantage Solutions' Piotroski F-Score compare to NEXN and NCMI?
According to the Media - Diversified industry distribution chart, Advantage Solutions ranks #602 out of 999 companies for Piotroski F-Score. This places Advantage Solutions in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Advantage Solutions' value of 4 is 20% below this benchmark. Historically, Advantage Solutions' 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 5.00, Advantage Solutions 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 a Media - Diversified company?
The median Piotroski F-Score among Media - Diversified companies is 5.00, based on 999 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. Advantage Solutions's current Piotroski F-Score of 4 is 20% 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 Advantage Solutions and its competitors. For the Media - Diversified 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. Advantage Solutions's current Piotroski F-Score is 4, which is 20% below 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 Advantage Solutions stock overvalued right now?
Based on GuruFocus' analysis, Advantage Solutions (ADV) is currently considered Possible Value Trap. The stock's GF Value™ is $57.70, compared to a current price of $29.88 — trading 48.2% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Media - Diversified industry median of 5.00. Advantage Solutions' overall GF Score™ is 60/100 with 4 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 Advantage Solutions (ADV), the current Piotroski F-Score is 4 as of Aug. 11, 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 Advantage Solutions (ADV) Overvalued in 2026?

Based on GuruFocus' analysis, Advantage Solutions stock appears to be undervalued. The current stock price of $29.88 is trading 48.2% below its estimated GF Value™ of $57.70. GuruFocus considers Advantage Solutions to be Possible Value Trap.

Key valuation signals for ADV:

  • Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
  • GF Value™: $57.70 vs. price of $29.88 (48.2% below fair value)
  • GF Score™: 60/100 with 4 warning signs
  • Industry Position: 20% below the Media - Diversified median (#602 of 999)

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


Advantage Solutions Business Description

Address 7676 Forsyth Boulevard, Fifth Floor, St. Louis, MO, USA, 63105
Advantage Solutions Inc provides outsourced sales, marketing, merchandising, sampling, and retailer support services to consumer packaged goods manufacturers and retailers across North America. Its services are designed to support distribution, retail execution, shopper engagement, and private brand development across both physical and digital commerce environments. The company serves various clients across grocery, mass, club, retail pharmacy, convenience, and other channels. It operates through three reportable segments: Branded Services, Experiential Services, and Retailer Services. The majority of the revenue is derived from the Experiential Services segment, which provides in-store and digital sampling programs, demonstrations, and experiential events for manufacturers and retailers.
60GF Score

Get the complete analysis for ADV

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

$29.88
Price
$57.70
GF Value