Hillman Solutions (FRA:8020) Piotroski F-Score: 9 (As of Jul. 25, 2026) — 29% Above Median

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FRA:8020 Hillman Solutions Corp FRA:8020
73 GF Score
Price €6.67
GF Value €8.21
! 3 Warning Signs
View Full Analysis

What is Hillman Solutions Piotroski F-Score?

Hillman Solutions FRA:8020 -1.26% 73 Piotroski F-Score is 9 as of Jul. 25, 2026, which is 29% above its 10-year median of 7.00. GuruFocus rates FRA:8020 with a GF Score™ of 73/100 and a GF Value™ of €8.21. The stock has 3 warning signs investors should review. Among 2,969 Industrial Products companies, Hillman Solutions ranks better than 99.97% on this metric.

Good Sign:

Piotroski F-Score is 9, 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

Hillman Solutions has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

FRA:8020' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 9
Current: 9

During the past 7 years, the highest Piotroski F-Score of Hillman Solutions was 9. The lowest was 5. And the median was 7.

Hillman Solutions  (FRA:8020) 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.


Hillman Solutions Piotroski F-Score Related Terms


Hillman Solutions Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Hillman 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.

Hillman Solutions Piotroski F-Score Chart

Hillman Solutions Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A 7.00 6.00 7.00 9.00

Hillman Solutions 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 7.00 8.00 9.00 9.00

FRA:8020 vs KMT, QEPC, EML: Piotroski F-Score Comparison

For the Tools & Accessories subindustry, Hillman 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.


Hillman Solutions Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hillman Solutions's Piotroski F-Score distribution charts can be found below:

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


FRA:8020
73GF Score
Hillman Solutions Corp FRA:8020
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 13.726 + 19.76 + 1.365 + -4.093 = €31 Mil.
Cash Flow from Operations was 42.229 + 22.354 + 26.385 + -16.896 = €74 Mil.
Revenue was 349.23 + 362.048 + 311.829 + 320.113 = €1,343 Mil.
Gross Profit was 168.601 + 187.066 + 148.357 + 145.819 = €650 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2156.098 + 2043.198 + 2042.153 + 2012.19 + 2042.247) / 5 = €2059.1772 Mil.
Total Assets at the begining of this year (Mar25) was €2,156 Mil.
Long-Term Debt & Capital Lease Obligation was €673 Mil.
Total Current Assets was €579 Mil.
Total Current Liabilities was €196 Mil.
Net Income was 11.645 + 6.698 + -1.167 + -0.293 = €17 Mil.

Revenue was 352.492 + 354.36 + 333.832 + 332.392 = €1,373 Mil.
Gross Profit was 171.642 + 170.826 + 159.177 + 155.958 = €658 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2177.038 + 2215.773 + 2160.208 + 2225.63 + 2156.098) / 5 = €2186.9494 Mil.
Total Assets at the begining of last year (Mar24) was €2,177 Mil.
Long-Term Debt & Capital Lease Obligation was €722 Mil.
Total Current Assets was €540 Mil.
Total Current Liabilities was €220 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.

Hillman Solutions's current Net Income (TTM) was 31. ==> 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.

Hillman Solutions's current Cash Flow from Operations (TTM) was 74. ==> 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)
=30.758/2156.098
=0.01426559

ROA (Last Year)=Net Income/Total Assets (Mar24)
=16.883/2177.038
=0.00775503

Hillman Solutions's return on assets of this year was 0.01426559. Hillman Solutions's return on assets of last year was 0.00775503. ==> 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.

Hillman Solutions's current Net Income (TTM) was 31. Hillman Solutions's current Cash Flow from Operations (TTM) was 74. ==> 74 > 31 ==> 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
=672.96/2059.1772
=0.32681015

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=721.895/2186.9494
=0.33009223

Hillman Solutions's gearing of this year was 0.32681015. Hillman Solutions's gearing of last year was 0.33009223. ==> 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
=579.452/196.427
=2.94996105

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=540.496/219.564
=2.4616786

Hillman Solutions's current ratio of this year was 2.94996105. Hillman Solutions's current ratio of last year was 2.4616786. ==> 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.

Hillman Solutions's number of shares in issue this year was 196.626. Hillman Solutions's number of shares in issue last year was 197.284. ==> 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
=649.843/1343.22
=0.48379491

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=657.603/1373.076
=0.47892688

Hillman Solutions's gross margin of this year was 0.48379491. Hillman Solutions's gross margin of last year was 0.47892688. ==> 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)
=1343.22/2156.098
=0.62298652

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1373.076/2177.038
=0.63070833

Hillman Solutions's asset turnover of this year was 0.62298652. Hillman Solutions's asset turnover of last year was 0.63070833. ==> 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+1+1+1+1+1+0
=8

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

Hillman Solutions has an F-score of 8. 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 9 mean?
Hillman Solutions (FRA:8020) has a Piotroski F-Score of 9 as of Jul. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Hillman Solutions and its competitors. This is 29% above median its historical median of 7.00. Over the past decade, Hillman Solutions' Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, Hillman Solutions ranks #1 out of 2969 companies in the Industrial Products industry, placing it in the top 0%.
Is Hillman Solutions' Piotroski F-Score too high?
Hillman Solutions' current Piotroski F-Score of 9 is 29% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 9.00. The Industrial Products industry median Piotroski F-Score is 5.00. Hillman Solutions' value of 9 is 80% above this industry median. Based on the distribution chart, Hillman Solutions ranks #1 out of 2969 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Hillman Solutions has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Hillman Solutions' Piotroski F-Score compare to KMT and QEPC?
According to the Industrial Products industry distribution chart, Hillman Solutions ranks #1 out of 2969 companies for Piotroski F-Score. This places Hillman Solutions in the top 0% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Hillman Solutions' value of 9 is 80% above this benchmark. Historically, Hillman Solutions' own Piotroski F-Score has ranged from 5.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Hillman Solutions 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,969 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. Hillman Solutions's current Piotroski F-Score of 9 is 80% 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 Hillman Solutions and its competitors. For the Industrial Products 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. Hillman Solutions's current Piotroski F-Score is 9, which is 29% above median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hillman Solutions stock overvalued right now?
Hillman Solutions (FRA:8020) has a current Piotroski F-Score of 9. The stock's GF Value™ is €8.21, compared to a current price of €6.67 — trading 18.8% below its estimated fair value. The current Piotroski F-Score is 9, which is 29% above median its 10-year median of 7.00 and 80% above the Industrial Products industry median of 5.00. Hillman Solutions' overall GF Score™ is 73/100 with 3 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 Hillman Solutions (FRA:8020), the current Piotroski F-Score is 9 as of Jul. 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 Hillman Solutions (FRA:8020) Overvalued in 2026?

Based on GuruFocus' analysis, Hillman Solutions stock appears to be undervalued. The current stock price of €6.67 is trading 18.8% below its estimated GF Value™ of €8.21.

Key valuation signals for FRA:8020:

  • Piotroski F-Score: 9 (29% above median its 10-year median of 7.00)
  • GF Value™: €8.21 vs. price of €6.67 (18.8% below fair value)
  • GF Score™: 73/100 with 3 warning signs
  • Industry Position: 80% above the Industrial Products median (#1 of 2969)

No single metric tells the full story. See the FRA:8020 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hillman Solutions Business Description

Other Exchanges HLMN:USA
Address 1280 Kemper Meadow Drive, Cincinnati, OH, USA, 45240
Hillman Solutions Corp is a provider of hardware-related products and related merchandising services to retail markets in North America. The company sells its products to hardware stores, home centers, mass merchants, pet supply stores, and other retail outlets. Its product lines include thousands of small parts such as fasteners and related hardware items; threaded rod and metal shapes; keys and accessories; builder's hardware; personal protective equipment, such as gloves and eye-wear; and identification items, such as tags and letters, numbers, and signs. The segments of the company are Hardware and Protective Solutions, which is the key revenue-generating segment; Robotics and Digital Solutions; and Canada. It has a business presence in the U.S, Canada and Mexico.
73GF Score

Get the complete analysis for FRA:8020

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

€6.67
Price
€8.21
GF Value