Ansell (FRA:PD1) Piotroski F-Score: 6 (As of Jun. 26, 2026) — Near Median


FRA:PD1 Ansell Ltd FRA:PD1
74 GF Score
Price €68.50
GF Value €64.12
! 4 Warning Signs
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What is Ansell Piotroski F-Score?

Ansell FRA:PD1 +3.01% 74 Piotroski F-Score is 6 as of Jun. 26, 2026, which is at its 10-year median of 6.00. GuruFocus rates FRA:PD1 with a GF Score™ of 74/100 and a GF Value™ of €64.12. The stock has 4 warning signs investors should review. Among 805 Medical Devices & Instruments companies, Ansell ranks better than 80.87% 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

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

FRA:PD1' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of Ansell was 7. The lowest was 5. And the median was 6.

Ansell  (FRA:PD1) 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.


Ansell Piotroski F-Score Related Terms


Ansell Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Ansell'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.

Ansell Piotroski F-Score Chart

Ansell 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 7.00 6.00 6.00 5.00 6.00

Ansell Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 5.00 0.00 6.00 0.00

FRA:PD1 vs ISRG, BDX, MDLN: Piotroski F-Score Comparison

For the Medical Instruments & Supplies subindustry, Ansell'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.


Ansell Piotroski F-Score vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Ansell's Piotroski F-Score distribution charts can be found below:

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


FRA:PD1
74GF Score
Ansell Ltd FRA:PD1
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 (Jun25) TTM:Last Year (Jun24) TTM:
Net Income was €88 Mil.
Cash Flow from Operations was €207 Mil.
Revenue was €1,737 Mil.
Gross Profit was €715 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (3012.375 + 2880.521) / 2 = €2946.448 Mil.
Total Assets at the begining of this year (Jun24) was €3,012 Mil.
Long-Term Debt & Capital Lease Obligation was €628 Mil.
Total Current Assets was €963 Mil.
Total Current Liabilities was €453 Mil.
Net Income was €71 Mil.

Revenue was €1,504 Mil.
Gross Profit was €580 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (2335.744 + 3012.375) / 2 = €2674.0595 Mil.
Total Assets at the begining of last year (Jun23) was €2,336 Mil.
Long-Term Debt & Capital Lease Obligation was €724 Mil.
Total Current Assets was €1,509 Mil.
Total Current Liabilities was €393 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.

Ansell's current Net Income (TTM) was 88. ==> 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.

Ansell's current Cash Flow from Operations (TTM) was 207. ==> 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 (Jun24)
=88.087/3012.375
=0.02924171

ROA (Last Year)=Net Income/Total Assets (Jun23)
=71.069/2335.744
=0.03042671

Ansell's return on assets of this year was 0.02924171. Ansell's return on assets of last year was 0.03042671. ==> 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.

Ansell's current Net Income (TTM) was 88. Ansell's current Cash Flow from Operations (TTM) was 207. ==> 207 > 88 ==> 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: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=628.228/2946.448
=0.21321537

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=724.341/2674.0595
=0.27087692

Ansell's gearing of this year was 0.21321537. Ansell's gearing of last year was 0.27087692. ==> 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: Jun25)=Total Current Assets/Total Current Liabilities
=963.064/452.574
=2.12797023

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=1508.603/393.339
=3.8353761

Ansell's current ratio of this year was 2.12797023. Ansell's current ratio of last year was 3.8353761. ==> 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.

Ansell's number of shares in issue this year was 36.547. Ansell's number of shares in issue last year was 32.36. ==> 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
=715.275/1736.861
=0.41182052

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=580.439/1504.33
=0.38584553

Ansell's gross margin of this year was 0.41182052. Ansell's gross margin of last year was 0.38584553. ==> 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 (Jun24)
=1736.861/3012.375
=0.57657529

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=1504.33/2335.744
=0.64404746

Ansell's asset turnover of this year was 0.57657529. Ansell's asset turnover of last year was 0.64404746. ==> 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+0+1+1+0+0+1+0
=5

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

Ansell 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 6 mean?
Ansell (FRA:PD1) has a Piotroski F-Score of 6 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Ansell and its competitors. This is near median its historical median of 6.00. Over the past decade, Ansell's Piotroski F-Score has ranged from 5.00 to 7.00. According to the industry distribution chart, Ansell ranks #154 out of 805 companies in the Medical Devices & Instruments industry, placing it in the top 19.1%.
Is Ansell's Piotroski F-Score too high?
Ansell's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 7.00. The Medical Devices & Instruments industry median Piotroski F-Score is 5.00. Ansell's value of 6 is 20% above this industry median. Based on the distribution chart, Ansell ranks #154 out of 805 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Ansell has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Ansell's Piotroski F-Score compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Ansell ranks #154 out of 805 companies for Piotroski F-Score. This places Ansell in the top 19% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Ansell's value of 6 is 20% above this benchmark. Historically, Ansell's own Piotroski F-Score has ranged from 5.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Ansell 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 Medical Devices & Instruments company?
The median Piotroski F-Score among Medical Devices & Instruments companies is 5.00, based on 805 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. Ansell's current Piotroski F-Score of 6 is 20% 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 Ansell and its competitors. For the Medical Devices & Instruments 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. Ansell's current Piotroski F-Score is 6, which is near 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 Ansell stock overvalued right now?
Ansell (FRA:PD1) has a current Piotroski F-Score of 6. The stock's GF Value™ is €64.12, compared to a current price of €68.50 — trading 6.8% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Medical Devices & Instruments industry median of 5.00. Ansell's overall GF Score™ is 74/100 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 Ansell (FRA:PD1), the current Piotroski F-Score is 6 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.

Is Ansell (FRA:PD1) Overvalued in 2026?

Based on GuruFocus' analysis, Ansell stock appears to be overvalued. The current stock price of €68.50 is trading 6.8% above its estimated GF Value™ of €64.12.

Key valuation signals for FRA:PD1:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: €64.12 vs. price of €68.50 (6.8% above fair value)
  • GF Score™: 74/100 with 4 warning signs
  • Industry Position: 20% above the Medical Devices & Instruments median (#154 of 805)

No single metric tells the full story. See the FRA:PD1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ansell Business Description

Address 678 Victoria Street, Level 3, Richmond, Melbourne, VIC, AUS, 3121
Ansell is a leading supplier of protective gloves for use in healthcare and industrial settings, earning approximately 55% of revenue and operating profit from the healthcare segment and the remainder from the industrial segment. The company holds a large number of patents, and the majority of sales come from its key branded product ranges. Ansell has a global manufacturing and distribution footprint and distributes via key partners as well as directly. Largest sales regions are North America and Europe, Middle East, and Africa. Asia-Pacific and Latin America, combined, are about one-fourth of sales.
74GF Score

Get the complete analysis for FRA:PD1

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

€68.50
Price
€64.12
GF Value