FLLLF (Ultra Brands) Piotroski F-Score: 4 (As of Jun. 26, 2026) — 33% Above Median


What is Ultra Brands Piotroski F-Score?

Ultra Brands FLLLF Piotroski F-Score is 4 as of Jun. 26, 2026, which is 33% above its 10-year median of 3.00. Among 1,911 Consumer Packaged Goods companies, Ultra Brands ranks worse than 66.93% 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

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

FLLLF' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 5
Current: 4

During the past 10 years, the highest Piotroski F-Score of Ultra Brands was 5. The lowest was 1. And the median was 3.

Ultra Brands  (OTCPK:FLLLF) 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.


Ultra Brands Piotroski F-Score Related Terms


Ultra Brands Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Ultra Brands'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.

Ultra Brands Piotroski F-Score Chart

Ultra Brands 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 3.00 4.00 5.00 2.00 4.00

Ultra Brands 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 2.00 2.00 3.00 4.00 4.00

FLLLF vs ADM, BG, TSN: Piotroski F-Score Comparison

For the Farm Products subindustry, Ultra Brands'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.


Ultra Brands Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ultra Brands's Piotroski F-Score distribution charts can be found below:

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


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 -0.039 + -0.038 + -0.072 + -0.046 = $-0.20 Mil.
Cash Flow from Operations was -0.049 + -0.009 + 0 + -0.031 = $-0.09 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(0.116 + 0.074 + 0.111 + 0.111 + 0.08) / 5 = $0.0984 Mil.
Total Assets at the begining of this year (Mar25) was $0.12 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.07 Mil.
Total Current Liabilities was $1.03 Mil.
Net Income was -0.033 + -0.119 + -0.101 + -0.042 = $-0.30 Mil.

Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(0.16 + 0.158 + 0.073 + 0.107 + 0.116) / 5 = $0.1228 Mil.
Total Assets at the begining of last year (Mar24) was $0.16 Mil.
Long-Term Debt & Capital Lease Obligation was $0.03 Mil.
Total Current Assets was $0.11 Mil.
Total Current Liabilities was $0.79 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.

Ultra Brands's current Net Income (TTM) was -0.20. ==> 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.

Ultra Brands's current Cash Flow from Operations (TTM) was -0.09. ==> Negative ==> Score 0.

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)
=-0.195/0.116
=-1.68103448

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-0.295/0.16
=-1.84375

Ultra Brands's return on assets of this year was -1.68103448. Ultra Brands's return on assets of last year was -1.84375. ==> 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.

Ultra Brands's current Net Income (TTM) was -0.20. Ultra Brands's current Cash Flow from Operations (TTM) was -0.09. ==> -0.09 > -0.20 ==> 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
=0/0.0984
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0.029/0.1228
=0.23615635

Ultra Brands's gearing of this year was 0. Ultra Brands's gearing of last year was 0.23615635. ==> 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
=0.07/1.032
=0.06782946

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=0.107/0.794
=0.13476071

Ultra Brands's current ratio of this year was 0.06782946. Ultra Brands's current ratio of last year was 0.13476071. ==> 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.

Ultra Brands's number of shares in issue this year was 18.488. Ultra Brands's number of shares in issue last year was 18.488. ==> 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
=0/0
=

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0/0
=

Ultra Brands's gross margin of this year was . Ultra Brands's gross margin of last year was . ==> 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)
=0/0.116
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=0/0.16
=0

Ultra Brands's asset turnover of this year was 0. Ultra Brands's asset turnover of last year was 0. ==> 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
=0+0+1+1+1+0+1+0+0
=4

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

Ultra Brands 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?
Ultra Brands (FLLLF) has a Piotroski F-Score of 4 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Ultra Brands and its competitors. This is 33% above median its historical median of 3.00. Over the past decade, Ultra Brands' Piotroski F-Score has ranged from 1.00 to 5.00. According to the industry distribution chart, Ultra Brands ranks #1279 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 66.9%.
Is Ultra Brands' Piotroski F-Score too high?
Ultra Brands' current Piotroski F-Score of 4 is 33% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 5.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Ultra Brands' value of 4 is 20% below this industry median. Based on the distribution chart, Ultra Brands ranks #1279 out of 1911 companies in the Consumer Packaged Goods industry, which is below the industry midpoint.
How does Ultra Brands' Piotroski F-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Ultra Brands ranks #1279 out of 1911 companies for Piotroski F-Score. This places Ultra Brands in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Ultra Brands' value of 4 is 20% below this benchmark. Historically, Ultra Brands' own Piotroski F-Score has ranged from 1.00 to 5.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Ultra Brands 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 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. Ultra Brands'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 Ultra Brands 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. Ultra Brands's current Piotroski F-Score is 4, which is 33% above median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ultra Brands stock overvalued right now?
Based on GuruFocus' analysis, Ultra Brands (FLLLF) is currently considered Significantly Undervalued. The stock's GF Value™ is $0.02, compared to a current price of $0.01 — trading 69.5% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% above median its 10-year median of 3.00 and 20% below the Consumer Packaged Goods industry median of 5.00. 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 Ultra Brands (FLLLF), the current Piotroski F-Score is 4 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.

Ultra Brands Business Description

Other Exchanges ULTA:Canada
Address 700 W Georgia Street, 25th Floor, Vancouver, BC, CAN, V7Y 1B3
Ultra Brands Ltd is an agri-food holdings company focused on products and technologies in the food services industry. It is focused on providing turnkey services to makers, bakers, and growers.