Amcor (ASX:AMC) Piotroski F-Score: 5 (As of Jun. 24, 2026) — Near Median


ASX:AMC Amcor PLC ASX:AMC
83 GF Score
Price A$58.58
GF Value A$70.38
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Amcor Piotroski F-Score?

Amcor ASX:AMC +1.09% 83 Piotroski F-Score is 5 as of Jun. 24, 2026, which is at its 10-year median of 5.00. GuruFocus rates ASX:AMC with a GF Score™ of 83/100 and a GF Value™ of A$70.38 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 388 Packaging & Containers companies, Amcor ranks better than 54.64% 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

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

ASX:AMC' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Amcor was 8. The lowest was 1. And the median was 5.

Amcor  (ASX:AMC) 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.


Amcor Piotroski F-Score Related Terms


Amcor Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Amcor'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.

Amcor Piotroski F-Score Chart

Amcor Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 6.00 6.00 5.00 5.00

Amcor 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 7.00 5.00 4.00 5.00 5.00

ASX:AMC vs IP, PKG, BALL: Piotroski F-Score Comparison

For the Packaging & Containers subindustry, Amcor'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.


Amcor Piotroski F-Score vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Amcor's Piotroski F-Score distribution charts can be found below:

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


ASX:AMC
83GF Score
Amcor PLC ASX:AMC
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 -59.904 + 397.192 + 266.385 + 396.15 = A$1,000 Mil.
Cash Flow from Operations was 1711.104 + -201.628 + 757.015 + 265.05 = A$2,532 Mil.
Revenue was 7805.952 + 8709.42 + 8200.745 + 8427.45 = A$33,144 Mil.
Gross Profit was 1374.72 + 1703.984 + 1563.695 + 1695.75 = A$6,338 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(28632.654 + 56933.376 + 56314.852 + 55754.23 + 53554.35) / 5 = A$50237.8924 Mil.
Total Assets at the begining of this year (Mar25) was A$28,633 Mil.
Long-Term Debt & Capital Lease Obligation was A$22,876 Mil.
Total Current Assets was A$14,005 Mil.
Total Current Liabilities was A$9,707 Mil.
Net Income was 387.042 + 282.107 + 257.377 + 311.052 = A$1,238 Mil.

Revenue was 5323.71 + 4952.381 + 5117.539 + 5289.471 = A$20,683 Mil.
Gross Profit was 1135.524 + 973.343 + 988.454 + 1037.898 = A$4,135 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(25406.5 + 24885.144 + 24976.07 + 25524.535 + 28632.654) / 5 = A$25884.9806 Mil.
Total Assets at the begining of last year (Mar24) was A$25,407 Mil.
Long-Term Debt & Capital Lease Obligation was A$14,418 Mil.
Total Current Assets was A$10,636 Mil.
Total Current Liabilities was A$6,253 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.

Amcor's current Net Income (TTM) was 1,000. ==> 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.

Amcor's current Cash Flow from Operations (TTM) was 2,532. ==> 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)
=999.823/28632.654
=0.03491898

ROA (Last Year)=Net Income/Total Assets (Mar24)
=1237.578/25406.5
=0.04871108

Amcor's return on assets of this year was 0.03491898. Amcor's return on assets of last year was 0.04871108. ==> 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.

Amcor's current Net Income (TTM) was 1,000. Amcor's current Cash Flow from Operations (TTM) was 2,532. ==> 2,532 > 1,000 ==> 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
=22875.525/50237.8924
=0.45534404

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=14417.895/25884.9806
=0.55699849

Amcor's gearing of this year was 0.45534404. Amcor's gearing of last year was 0.55699849. ==> 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
=14004.9/9707.1
=1.44274809

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=10636.074/6252.78
=1.70101523

Amcor's current ratio of this year was 1.44274809. Amcor's current ratio of last year was 1.70101523. ==> 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.

Amcor's number of shares in issue this year was 463.8. Amcor's number of shares in issue last year was 289.1. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=6338.149/33143.567
=0.19123316

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4135.219/20683.101
=0.19993225

Amcor's gross margin of this year was 0.19123316. Amcor's gross margin of last year was 0.19993225. ==> 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)
=33143.567/28632.654
=1.15754435

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=20683.101/25406.5
=0.81408699

Amcor's asset turnover of this year was 1.15754435. Amcor's asset turnover of last year was 0.81408699. ==> 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+0+1+1+0+0+0+1
=5

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

Amcor 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?
Amcor (ASX:AMC) has a Piotroski F-Score of 5 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Amcor and its competitors. This is near median its historical median of 5.00. Over the past decade, Amcor's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Amcor ranks #176 out of 388 companies in the Packaging & Containers industry, placing it in the top 45.4%.
Is Amcor's Piotroski F-Score too high?
Amcor'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 1.00 to a high of 8.00. The Packaging & Containers industry median Piotroski F-Score is 5.00. Amcor's value of 5 is 0% at this industry median. Based on the distribution chart, Amcor ranks #176 out of 388 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, Amcor has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Amcor's Piotroski F-Score compare to IP and PKG?
According to the Packaging & Containers industry distribution chart, Amcor ranks #176 out of 388 companies for Piotroski F-Score. This puts Amcor in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Amcor's value of 5 is 0% at this benchmark. Historically, Amcor's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Amcor 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 Packaging & Containers company?
The median Piotroski F-Score among Packaging & Containers companies is 5.00, based on 388 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. Amcor'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 Amcor and its competitors. For the Packaging & Containers 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. Amcor'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 Amcor stock overvalued right now?
Based on GuruFocus' analysis, Amcor (ASX:AMC) is currently considered Modestly Undervalued. The stock's GF Value™ is A$70.38, compared to a current price of A$58.58 — trading 16.8% 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 Packaging & Containers industry median of 5.00. Amcor's overall GF Score™ is 83/100 with 7 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 Amcor (ASX:AMC), the current Piotroski F-Score is 5 as of Jun. 24, 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 Amcor (ASX:AMC) Overvalued in 2026?

Based on GuruFocus' analysis, Amcor stock appears to be undervalued. The current stock price of A$58.58 is trading 16.8% below its estimated GF Value™ of A$70.38. GuruFocus considers Amcor to be Modestly Undervalued.

Key valuation signals for ASX:AMC:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: A$70.38 vs. price of A$58.58 (16.8% below fair value)
  • GF Score™: 83/100 with 7 warning signs
  • Industry Position: 0% at the Packaging & Containers median (#176 of 388)

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


Amcor Business Description

Address 83 Tower Road North, Warmley, Bristol, GBR, BS30 8XP
Amcor is a global producer of plastic packaging primarily for the fast-moving consumer goods industry. About 90% of earnings are exposed to the flexible packaging business. This is soft disposable plastic for a variety of food, drink, healthcare, and hygiene products. The remainder of earnings are from the Latin and North American rigids business, which is primarily beverage bottling for the soft drink industry. Operating in more than 35 countries, Amcor has market share in its established regions of North America, Latin America, Europe, and Asia-Pacific. About half of group sales are derived from North America and the remainder is split equally between Western Europe and emerging markets. Australia and New Zealand sales make up less than 5% of group sales.
83GF Score

Get the complete analysis for ASX:AMC

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

A$58.58
Price
A$70.38
GF Value