HOYFF (Huhtamaki Oyj) Piotroski F-Score: 4 (As of Jun. 28, 2026) — 20% Below Median


HOYFF Huhtamaki Oyj HOYFF
86 GF Score
Price $29.49
GF Value $34.33
! 3 Warning Signs
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What is Huhtamaki Oyj Piotroski F-Score?

Huhtamaki Oyj HOYFF 86 Piotroski F-Score is 4 as of Jun. 28, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates HOYFF with a GF Score™ of 86/100 and a GF Value™ of $34.33. The stock has 3 warning signs investors should review. Among 386 Packaging & Containers companies, Huhtamaki Oyj ranks worse than 69.69% 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

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

HOYFF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Huhtamaki Oyj was 8. The lowest was 3. And the median was 5.

Huhtamaki Oyj  (OTCPK:HOYFF) 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.


Huhtamaki Oyj Piotroski F-Score Related Terms


Huhtamaki Oyj Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Huhtamaki Oyj'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.

Huhtamaki Oyj Piotroski F-Score Chart

Huhtamaki Oyj 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 7.00 5.00 8.00 4.00

Huhtamaki Oyj 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 4.00 5.00 4.00 4.00

HOYFF vs SW, PKG, AMCR: Piotroski F-Score Comparison

For the Packaging & Containers subindustry, Huhtamaki Oyj'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.


Huhtamaki Oyj Piotroski F-Score vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Huhtamaki Oyj's Piotroski F-Score distribution charts can be found below:

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


HOYFF
86GF Score
Huhtamaki Oyj HOYFF
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 24.337 + 68.545 + 64.871 + 56.647 = $214 Mil.
Cash Flow from Operations was 145.444 + 127.817 + 274.941 + 42.197 = $590 Mil.
Revenue was 1162.053 + 1139.202 + 1148.126 + 1094.566 = $4,544 Mil.
Gross Profit was 138.408 + 217.606 + 223.185 + 210.173 = $789 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(5230.703 + 5520.761 + 5432.981 + 5346.487 + 5292.37) / 5 = $5364.6604 Mil.
Total Assets at the begining of this year (Mar25) was $5,231 Mil.
Long-Term Debt & Capital Lease Obligation was $1,534 Mil.
Total Current Assets was $1,896 Mil.
Total Current Liabilities was $1,103 Mil.
Net Income was 69.968 + 65.705 + 66.702 + 61.514 = $264 Mil.

Revenue was 1116.792 + 1138.957 + 1108.586 + 1082.811 = $4,447 Mil.
Gross Profit was 212.056 + 213.319 + 221.675 + 214.054 = $861 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(5182.174 + 5131.539 + 5354.162 + 5124.084 + 5230.703) / 5 = $5204.5324 Mil.
Total Assets at the begining of last year (Mar24) was $5,182 Mil.
Long-Term Debt & Capital Lease Obligation was $1,432 Mil.
Total Current Assets was $1,881 Mil.
Total Current Liabilities was $1,184 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.

Huhtamaki Oyj's current Net Income (TTM) was 214. ==> 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.

Huhtamaki Oyj's current Cash Flow from Operations (TTM) was 590. ==> 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)
=214.4/5230.703
=0.04098875

ROA (Last Year)=Net Income/Total Assets (Mar24)
=263.889/5182.174
=0.05092245

Huhtamaki Oyj's return on assets of this year was 0.04098875. Huhtamaki Oyj's return on assets of last year was 0.05092245. ==> 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.

Huhtamaki Oyj's current Net Income (TTM) was 214. Huhtamaki Oyj's current Cash Flow from Operations (TTM) was 590. ==> 590 > 214 ==> 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
=1533.642/5364.6604
=0.28587867

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1432.108/5204.5324
=0.27516555

Huhtamaki Oyj's gearing of this year was 0.28587867. Huhtamaki Oyj's gearing of last year was 0.27516555. ==> Last year is lower than this year ==> Score 0.

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
=1896.069/1103.121
=1.71882232

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1880.649/1183.676
=1.58882076

Huhtamaki Oyj's current ratio of this year was 1.71882232. Huhtamaki Oyj's current ratio of last year was 1.58882076. ==> 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.

Huhtamaki Oyj's number of shares in issue this year was 104.97. Huhtamaki Oyj's number of shares in issue last year was 104.788. ==> 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
=789.372/4543.947
=0.17371946

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=861.104/4447.146
=0.1936307

Huhtamaki Oyj's gross margin of this year was 0.17371946. Huhtamaki Oyj's gross margin of last year was 0.1936307. ==> 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)
=4543.947/5230.703
=0.86870675

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=4447.146/5182.174
=0.85816223

Huhtamaki Oyj's asset turnover of this year was 0.86870675. Huhtamaki Oyj's asset turnover of last year was 0.85816223. ==> This year's asset turnover is higher. ==> Score 1.

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+0+1+0+0+1
=5

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

Huhtamaki Oyj 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 4 mean?
Huhtamaki Oyj (HOYFF) has a Piotroski F-Score of 4 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Huhtamaki Oyj and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Huhtamaki Oyj's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Huhtamaki Oyj ranks #269 out of 386 companies in the Packaging & Containers industry, placing it in the top 69.7%.
Is Huhtamaki Oyj's Piotroski F-Score too high?
Huhtamaki Oyj's current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Packaging & Containers industry median Piotroski F-Score is 5.00. Huhtamaki Oyj's value of 4 is 20% below this industry median. Based on the distribution chart, Huhtamaki Oyj ranks #269 out of 386 companies in the Packaging & Containers industry, which is below the industry midpoint. Overall, Huhtamaki Oyj has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does Huhtamaki Oyj's Piotroski F-Score compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Huhtamaki Oyj ranks #269 out of 386 companies for Piotroski F-Score. This places Huhtamaki Oyj in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Huhtamaki Oyj's value of 4 is 20% below this benchmark. Historically, Huhtamaki Oyj's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Huhtamaki Oyj 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 Packaging & Containers company?
The median Piotroski F-Score among Packaging & Containers companies is 5.00, based on 386 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. Huhtamaki Oyj'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 Huhtamaki Oyj and its competitors. For the Packaging & Containers 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. Huhtamaki Oyj's current Piotroski F-Score is 4, which is 20% below 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 Huhtamaki Oyj stock overvalued right now?
Huhtamaki Oyj (HOYFF) has a current Piotroski F-Score of 4. The stock's GF Value™ is $34.33, compared to a current price of $29.49 — trading 14.1% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Packaging & Containers industry median of 5.00. Huhtamaki Oyj's overall GF Score™ is 86/100 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 Huhtamaki Oyj (HOYFF), the current Piotroski F-Score is 4 as of Jun. 28, 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 Huhtamaki Oyj (HOYFF) Overvalued in 2026?

Based on GuruFocus' analysis, Huhtamaki Oyj stock appears to be undervalued. The current stock price of $29.49 is trading 14.1% below its estimated GF Value™ of $34.33.

Key valuation signals for HOYFF:

  • Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
  • GF Value™: $34.33 vs. price of $29.49 (14.1% below fair value)
  • GF Score™: 86/100 with 3 warning signs
  • Industry Position: 20% below the Packaging & Containers median (#269 of 386)

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


Huhtamaki Oyj Business Description

Address Revontulenkuja 1, Espoo, FIN, 02100
Huhtamäki Oyj is a packaging solutions provider operating globally. It offers paperboard-based foodservice packaging, smooth and rough molded fiber packaging, as well as flexible packaging through brands like Chinet and blueloop. The group's main customers are food and beverage companies, quick service and fast casual restaurants, foodservice operators, fresh produce packers, and retailers. Its reporting segments are: North America, Foodservice Packaging, Flexible Packaging, and Fiber Packaging. Maximum revenue is generated from the North America segment, which serves local markets in North America with Chinet disposable tableware products, foodservice packaging products, ice cream containers, and other similar products. Geographically, it derives key revenue from the United States.
86GF Score

Get the complete analysis for HOYFF

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

$29.49
Price
$34.33
GF Value