Select Harvests (FRA:H0I) Piotroski F-Score: 8 (As of Jun. 30, 2026) — 60% Above Median


FRA:H0I Select Harvests Ltd FRA:H0I
78 GF Score
Price €2.22
GF Value €2.82
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Select Harvests Piotroski F-Score?

Select Harvests FRA:H0I 78 Piotroski F-Score is 8 as of Jun. 30, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates FRA:H0I with a GF Score™ of 78/100 and a GF Value™ of €2.82 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,909 Consumer Packaged Goods companies, Select Harvests ranks better than 97.64% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

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

FRA:H0I' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Select Harvests was 8. The lowest was 2. And the median was 5.

Select Harvests  (FRA:H0I) 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.


Select Harvests Piotroski F-Score Related Terms


Select Harvests Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Select Harvests'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.

Select Harvests Piotroski F-Score Chart

Select Harvests Annual Data
Trend Jun16 Jun17 Jun18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 5.00 2.00 8.00 8.00

Select Harvests Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.00 8.00 0.00 8.00 0.00

FRA:H0I vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Select Harvests'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.


Select Harvests Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


FRA:H0I
78GF Score
Select Harvests Ltd FRA:H0I
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 (Sep25) TTM:Last Year (Sep24) TTM:
Net Income was €17.9 Mil.
Cash Flow from Operations was €66.7 Mil.
Revenue was €223.6 Mil.
Gross Profit was €38.5 Mil.
Average Total Assets from the begining of this year (Sep24)
to the end of this year (Sep25) was (616.162 + 527.02) / 2 = €571.591 Mil.
Total Assets at the begining of this year (Sep24) was €616.2 Mil.
Long-Term Debt & Capital Lease Obligation was €147.5 Mil.
Total Current Assets was €147.4 Mil.
Total Current Liabilities was €80.3 Mil.
Net Income was €0.9 Mil.

Revenue was €205.5 Mil.
Gross Profit was €20.1 Mil.
Average Total Assets from the begining of last year (Sep23)
to the end of last year (Sep24) was (549.946 + 616.162) / 2 = €583.054 Mil.
Total Assets at the begining of last year (Sep23) was €549.9 Mil.
Long-Term Debt & Capital Lease Obligation was €212.4 Mil.
Total Current Assets was €192.3 Mil.
Total Current Liabilities was €121.3 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.

Select Harvests's current Net Income (TTM) was 17.9. ==> 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.

Select Harvests's current Cash Flow from Operations (TTM) was 66.7. ==> 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 (Sep24)
=17.895/616.162
=0.02904269

ROA (Last Year)=Net Income/Total Assets (Sep23)
=0.915/549.946
=0.0016638

Select Harvests's return on assets of this year was 0.02904269. Select Harvests's return on assets of last year was 0.0016638. ==> 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.

Select Harvests's current Net Income (TTM) was 17.9. Select Harvests's current Cash Flow from Operations (TTM) was 66.7. ==> 66.7 > 17.9 ==> 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: Sep25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep24 to Sep25
=147.467/571.591
=0.25799392

Gearing (Last Year: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=212.351/583.054
=0.36420469

Select Harvests's gearing of this year was 0.25799392. Select Harvests's gearing of last year was 0.36420469. ==> 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: Sep25)=Total Current Assets/Total Current Liabilities
=147.43/80.25
=1.83713396

Current Ratio (Last Year: Sep24)=Total Current Assets/Total Current Liabilities
=192.292/121.338
=1.58476322

Select Harvests's current ratio of this year was 1.83713396. Select Harvests's current ratio of last year was 1.58476322. ==> 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.

Select Harvests's number of shares in issue this year was 143.299. Select Harvests's number of shares in issue last year was 121.192. ==> 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
=38.47/223.572
=0.17206985

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=20.059/205.478
=0.09762116

Select Harvests's gross margin of this year was 0.17206985. Select Harvests's gross margin of last year was 0.09762116. ==> 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 (Sep24)
=223.572/616.162
=0.36284613

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep23)
=205.478/549.946
=0.37363305

Select Harvests's asset turnover of this year was 0.36284613. Select Harvests's asset turnover of last year was 0.37363305. ==> 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+0+1+0
=7

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

Select Harvests 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 8 mean?
Select Harvests (FRA:H0I) has a Piotroski F-Score of 8 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Select Harvests and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Select Harvests' Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Select Harvests ranks #45 out of 1909 companies in the Consumer Packaged Goods industry, placing it in the top 2.4%.
Is Select Harvests' Piotroski F-Score too high?
Select Harvests' current Piotroski F-Score of 8 is 60% above 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 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Select Harvests' value of 8 is 60% above this industry median. Based on the distribution chart, Select Harvests ranks #45 out of 1909 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Select Harvests has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Select Harvests' Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Select Harvests ranks #45 out of 1909 companies for Piotroski F-Score. This places Select Harvests in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Select Harvests' value of 8 is 60% above this benchmark. Historically, Select Harvests' own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Select Harvests 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 1,909 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. Select Harvests's current Piotroski F-Score of 8 is 60% 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 Select Harvests 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. Select Harvests's current Piotroski F-Score is 8, which is 60% above 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 Select Harvests stock overvalued right now?
Based on GuruFocus' analysis, Select Harvests (FRA:H0I) is currently considered Modestly Undervalued. The stock's GF Value™ is €2.82, compared to a current price of €2.22 — trading 21.3% below its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 60% above the Consumer Packaged Goods industry median of 5.00. Select Harvests' overall GF Score™ is 78/100 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 Select Harvests (FRA:H0I), the current Piotroski F-Score is 8 as of Jun. 30, 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 Select Harvests (FRA:H0I) Overvalued in 2026?

Based on GuruFocus' analysis, Select Harvests stock appears to be undervalued. The current stock price of €2.22 is trading 21.3% below its estimated GF Value™ of €2.82. GuruFocus considers Select Harvests to be Modestly Undervalued.

Key valuation signals for FRA:H0I:

  • Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
  • GF Value™: €2.82 vs. price of €2.22 (21.3% below fair value)
  • GF Score™: 78/100 with 4 warning signs
  • Industry Position: 60% above the Consumer Packaged Goods median (#45 of 1909)

No single metric tells the full story. See the FRA:H0I stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Select Harvests Business Description

Address 570-588 Swan Street, Level 3, Building 7, Botanicca Corporate Park, Richmond, VIC, AUS, VIC 3121
Select Harvests Ltd engages in the processing, packaging, marketing, and distribution of edible nuts, dried fruits, seeds, and a range of natural health foods in Australia. The company operates the Food Division and Almond Division. The Food division accounts for the majority of revenue processes, markets, and distributes edible nuts, dried fruits, seeds, and a range of natural health foods. The Almond Division grows, processes, and sells almonds to the food industry from company-owned almond orchards, and provides a range of management services to external owners of almond orchards, including orchard development, tree supply, farm management, land and irrigation infrastructure rental, and the sale of almonds on behalf of external investors.
78GF Score

Get the complete analysis for FRA:H0I

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

€2.22
Price
€2.82
GF Value