AMNF (Armanino Foods of Distinction) Piotroski F-Score: 7 (As of Jun. 25, 2026) — 17% Above Median


AMNF Armanino Foods of Distinction Inc AMNF
78 GF Score
Price $10.18
GF Value $8.72
Valuation Modestly Overvalued
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What is Armanino Foods of Distinction Piotroski F-Score?

Armanino Foods of Distinction AMNF -0.15% 78 Piotroski F-Score is 7 as of Jun. 25, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates AMNF with a GF Score™ of 78/100 and a GF Value™ of $8.72 (Modestly Overvalued). Among 1,912 Consumer Packaged Goods companies, Armanino Foods of Distinction ranks better than 88.6% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Armanino Foods of Distinction 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 Armanino Foods of Distinction's Piotroski F-Score or its related term are showing as below:

AMNF' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Armanino Foods of Distinction was 8. The lowest was 4. And the median was 6.

Armanino Foods of Distinction  (OTCPK:AMNF) 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.


Armanino Foods of Distinction Piotroski F-Score Related Terms


Armanino Foods of Distinction Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Armanino Foods of Distinction'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.

Armanino Foods of Distinction Piotroski F-Score Chart

Armanino Foods of Distinction 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 7.00 8.00 6.00 7.00 7.00

Armanino Foods of Distinction 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 N/A N/A 7.00 7.00 7.00

AMNF vs BGS, USNA, LWAY: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Armanino Foods of Distinction'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.


Armanino Foods of Distinction Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Armanino Foods of Distinction's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Armanino Foods of Distinction's Piotroski F-Score falls into.


AMNF
78GF Score
Armanino Foods of Distinction Inc AMNF
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 4.851 + 4.773 + 5.238 + 4.74 = $19.60 Mil.
Cash Flow from Operations was 4.059 + 3.685 + 7.024 + 3.017 = $17.79 Mil.
Revenue was 19.97 + 19.651 + 19.492 + 18.393 = $77.51 Mil.
Gross Profit was 9.107 + 9.719 + 9.212 + 9.154 = $37.19 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(51.901 + 52.72 + 54.38 + 56.578 + 57.576) / 5 = $54.631 Mil.
Total Assets at the begining of this year (Mar25) was $51.90 Mil.
Long-Term Debt & Capital Lease Obligation was $0.01 Mil.
Total Current Assets was $48.18 Mil.
Total Current Liabilities was $10.22 Mil.
Net Income was 3.805 + 4.103 + 4.38 + 3.936 = $16.22 Mil.

Revenue was 17.481 + 17.667 + 18.484 + 16.99 = $70.62 Mil.
Gross Profit was 7.273 + 7.907 + 9.314 + 7.592 = $32.09 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(45.588 + 45.714 + 49.098 + 52.853 + 51.901) / 5 = $49.0308 Mil.
Total Assets at the begining of last year (Mar24) was $45.59 Mil.
Long-Term Debt & Capital Lease Obligation was $0.61 Mil.
Total Current Assets was $41.12 Mil.
Total Current Liabilities was $15.61 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.

Armanino Foods of Distinction's current Net Income (TTM) was 19.60. ==> 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.

Armanino Foods of Distinction's current Cash Flow from Operations (TTM) was 17.79. ==> 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)
=19.602/51.901
=0.37768058

ROA (Last Year)=Net Income/Total Assets (Mar24)
=16.224/45.588
=0.35588313

Armanino Foods of Distinction's return on assets of this year was 0.37768058. Armanino Foods of Distinction's return on assets of last year was 0.35588313. ==> 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.

Armanino Foods of Distinction's current Net Income (TTM) was 19.60. Armanino Foods of Distinction's current Cash Flow from Operations (TTM) was 17.79. ==> 17.79 <= 19.60 ==> CFROA <= ROA ==> Score 0.

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
=0.006/54.631
=0.00010983

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0.609/49.0308
=0.01242076

Armanino Foods of Distinction's gearing of this year was 0.00010983. Armanino Foods of Distinction's gearing of last year was 0.01242076. ==> 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
=48.176/10.217
=4.71527846

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=41.123/15.613
=2.63389483

Armanino Foods of Distinction's current ratio of this year was 4.71527846. Armanino Foods of Distinction's current ratio of last year was 2.63389483. ==> This year's current ratio is higher. ==> Score 1.

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.

Armanino Foods of Distinction's number of shares in issue this year was 31.232. Armanino Foods of Distinction's number of shares in issue last year was 31.694. ==> 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
=37.192/77.506
=0.47985962

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=32.086/70.622
=0.45433434

Armanino Foods of Distinction's gross margin of this year was 0.47985962. Armanino Foods of Distinction's gross margin of last year was 0.45433434. ==> 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 (Mar25)
=77.506/51.901
=1.4933431

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=70.622/45.588
=1.54913574

Armanino Foods of Distinction's asset turnover of this year was 1.4933431. Armanino Foods of Distinction's asset turnover of last year was 1.54913574. ==> Last year's asset turnover is higher ==> Score 0.

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+0+1+1+1+1+0
=7

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

Armanino Foods of Distinction 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 7 mean?
Armanino Foods of Distinction (AMNF) has a Piotroski F-Score of 7 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Armanino Foods of Distinction and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Armanino Foods of Distinction's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Armanino Foods of Distinction ranks #218 out of 1912 companies in the Consumer Packaged Goods industry, placing it in the top 11.4%.
Is Armanino Foods of Distinction's Piotroski F-Score too high?
Armanino Foods of Distinction's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Armanino Foods of Distinction's value of 7 is 40% above this industry median. Based on the distribution chart, Armanino Foods of Distinction ranks #218 out of 1912 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Armanino Foods of Distinction has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Armanino Foods of Distinction's Piotroski F-Score compare to BGS and USNA?
According to the Consumer Packaged Goods industry distribution chart, Armanino Foods of Distinction ranks #218 out of 1912 companies for Piotroski F-Score. This places Armanino Foods of Distinction in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Armanino Foods of Distinction's value of 7 is 40% above this benchmark. Historically, Armanino Foods of Distinction's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Armanino Foods of Distinction 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,912 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. Armanino Foods of Distinction's current Piotroski F-Score of 7 is 40% 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 Armanino Foods of Distinction 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. Armanino Foods of Distinction's current Piotroski F-Score is 7, which is 17% above 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 Armanino Foods of Distinction stock overvalued right now?
Based on GuruFocus' analysis, Armanino Foods of Distinction (AMNF) is currently considered Modestly Overvalued. The stock's GF Value™ is $8.72, compared to a current price of $10.18 — trading 16.7% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Consumer Packaged Goods industry median of 5.00. Armanino Foods of Distinction's overall GF Score™ is 78/100. 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 Armanino Foods of Distinction (AMNF), the current Piotroski F-Score is 7 as of Jun. 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 Armanino Foods of Distinction (AMNF) Overvalued in 2026?

Based on GuruFocus' analysis, Armanino Foods of Distinction stock appears to be overvalued. The current stock price of $10.18 is trading 16.7% above its estimated GF Value™ of $8.72. GuruFocus considers Armanino Foods of Distinction to be Modestly Overvalued.

Key valuation signals for AMNF:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: $8.72 vs. price of $10.18 (16.7% above fair value)
  • GF Score™: 78/100
  • Industry Position: 40% above the Consumer Packaged Goods median (#218 of 1912)

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


Armanino Foods of Distinction Business Description

Address 5976 West Las Positas Boulevard, Suite 200, Pleasanton, CA, USA, 94588
Armanino Foods of Distinction Inc is engaged in the production and marketing of upscale frozen and refrigerated food products, including pesto and other sauces, stuffed pasta products and cooked meat products. The company's line of frozen products includes a wide variety of sauces, stuffed pastas and pasta sheets, as well as value-added specialty Italian pastas and cooked meat products. It produces a variety of premium, globally-inspired pesto and sauces including Basil Pesto, Roasted Red Bell Pepper Pesto, Southwest Chipotle Pesto, Roasted Garlic Pesto and Chimichurri sauce, all of which are packaged under the Armanino label.
78GF Score

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

$10.18
Price
$8.72
GF Value