Herbalife (HAM:HOO) Piotroski F-Score: 6 (As of Jun. 27, 2026) — 20% Above Median


HAM:HOO Herbalife Ltd HAM:HOO
72 GF Score
Price €10.19
GF Value €8.13
! 3 Warning Signs
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What is Herbalife Piotroski F-Score?

Herbalife HAM:HOO -4.41% 72 Piotroski F-Score is 6 as of Jun. 27, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates HAM:HOO with a GF Score™ of 72/100 and a GF Value™ of €8.13. The stock has 3 warning signs investors should review. Among 1,911 Consumer Packaged Goods companies, Herbalife ranks better than 73.47% 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

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

HAM:HOO' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Herbalife was 8. The lowest was 4. And the median was 5.

Herbalife  (HAM:HOO) 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.


Herbalife Piotroski F-Score Related Terms


Herbalife Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Herbalife'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.

Herbalife Piotroski F-Score Chart

Herbalife 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 5.00 5.00 5.00 6.00 6.00

Herbalife 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 5.00 6.00 7.00 6.00 6.00

HAM:HOO vs NOMD, JJSF, SMPL: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Herbalife'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.


Herbalife Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


HAM:HOO
72GF Score
Herbalife Ltd HAM:HOO
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 42.743 + 36.806 + 73.102 + 52.938 = €206 Mil.
Cash Flow from Operations was 83.232 + 118.258 + 83.948 + 98.437 = €384 Mil.
Revenue was 1091.64 + 1085.192 + 1095.682 + 1139.378 = €4,412 Mil.
Gross Profit was 851.567 + 843.054 + 849.474 + 887.576 = €3,432 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2482.977 + 2372.199 + 2298.014 + 2379.159 + 2487.048) / 5 = €2403.8794 Mil.
Total Assets at the begining of this year (Mar25) was €2,483 Mil.
Long-Term Debt & Capital Lease Obligation was €1,849 Mil.
Total Current Assets was €1,083 Mil.
Total Current Liabilities was €884 Mil.
Net Income was 4.366 + 42.707 + 169.895 + 46.62 = €264 Mil.

Revenue was 1190.142 + 1117.51 + 1153.067 + 1130.072 = €4,591 Mil.
Gross Profit was 927.142 + 875.412 + 897.605 + 884.762 = €3,585 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2435.24 + 2417.444 + 2390.804 + 2605.336 + 2482.977) / 5 = €2466.3602 Mil.
Total Assets at the begining of last year (Mar24) was €2,435 Mil.
Long-Term Debt & Capital Lease Obligation was €1,982 Mil.
Total Current Assets was €1,012 Mil.
Total Current Liabilities was €1,044 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.

Herbalife's current Net Income (TTM) was 206. ==> 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.

Herbalife's current Cash Flow from Operations (TTM) was 384. ==> 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)
=205.589/2482.977
=0.0827994

ROA (Last Year)=Net Income/Total Assets (Mar24)
=263.588/2435.24
=0.10823902

Herbalife's return on assets of this year was 0.0827994. Herbalife's return on assets of last year was 0.10823902. ==> 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.

Herbalife's current Net Income (TTM) was 206. Herbalife's current Cash Flow from Operations (TTM) was 384. ==> 384 > 206 ==> 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
=1848.591/2403.8794
=0.76900322

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1981.72/2466.3602
=0.80349983

Herbalife's gearing of this year was 0.76900322. Herbalife's gearing of last year was 0.80349983. ==> 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
=1083.066/884.116
=1.22502703

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1011.95/1044.325
=0.96899911

Herbalife's current ratio of this year was 1.22502703. Herbalife's current ratio of last year was 0.96899911. ==> 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.

Herbalife's number of shares in issue this year was 108.4. Herbalife's number of shares in issue last year was 102.2. ==> 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
=3431.671/4411.892
=0.77782298

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3584.921/4590.791
=0.78089397

Herbalife's gross margin of this year was 0.77782298. Herbalife's gross margin of last year was 0.78089397. ==> 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)
=4411.892/2482.977
=1.77685577

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=4590.791/2435.24
=1.88514931

Herbalife's asset turnover of this year was 1.77685577. Herbalife's asset turnover of last year was 1.88514931. ==> 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+1+0+0+0
=5

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

Herbalife 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?
Herbalife (HAM:HOO) has a Piotroski F-Score of 6 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Herbalife and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Herbalife's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Herbalife ranks #507 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 26.5%.
Is Herbalife's Piotroski F-Score too high?
Herbalife's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Herbalife's value of 6 is 20% above this industry median. Based on the distribution chart, Herbalife ranks #507 out of 1911 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Herbalife has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Herbalife's Piotroski F-Score compare to NOMD and JJSF?
According to the Consumer Packaged Goods industry distribution chart, Herbalife ranks #507 out of 1911 companies for Piotroski F-Score. This puts Herbalife in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Herbalife's value of 6 is 20% above this benchmark. Historically, Herbalife's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Herbalife 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 1,911 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. Herbalife'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 Herbalife 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. Herbalife's current Piotroski F-Score is 6, which is 20% 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 Herbalife stock overvalued right now?
Herbalife (HAM:HOO) has a current Piotroski F-Score of 6. The stock's GF Value™ is €8.13, compared to a current price of €10.19 — trading 25.3% above its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Consumer Packaged Goods industry median of 5.00. Herbalife's overall GF Score™ is 72/100 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 Herbalife (HAM:HOO), the current Piotroski F-Score is 6 as of Jun. 27, 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 Herbalife (HAM:HOO) Overvalued in 2026?

Based on GuruFocus' analysis, Herbalife stock appears to be overvalued. The current stock price of €10.19 is trading 25.3% above its estimated GF Value™ of €8.13.

Key valuation signals for HAM:HOO:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: €8.13 vs. price of €10.19 (25.3% above fair value)
  • GF Score™: 72/100 with 3 warning signs
  • Industry Position: 20% above the Consumer Packaged Goods median (#507 of 1911)

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


Herbalife Business Description

Other Exchanges HLF:USAHOO:Germany
Address Ugland House, South Church Street, P.O. Box 309GT, Grand Cayman, CYM
Herbalife Ltd is a health and wellness company. It provides health and wellness products in 95 markets through a direct-selling business model. Its product categories include Weight Management, Targeted Nutrition, Energy, Sports and Fitness, Outer Nutrition, and Literature, Promotional, and Other. Weight Management generates the majority of revenue, with products such as meal replacements, protein shakes, drink mixes, weight loss enhancers, and healthy snacks. Products are manufactured at facilities in Changsha and Suzhou, China; Lake Forest, California; and Winston-Salem, North Carolina, as well as by third-party providers. Revenues reflect sales to Members across North America, Latin America, EMEA, Asia Pacific, and China.
72GF Score

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

€10.19
Price
€8.13
GF Value