RCL Foods (JSE:RCL) Piotroski F-Score: 7 (As of Jun. 27, 2026) — 17% Above Median


JSE:RCL RCL Foods Ltd JSE:RCL
53 GF Score
Price R7.85
GF Value R9.08
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is RCL Foods Piotroski F-Score?

RCL Foods JSE:RCL 53 Piotroski F-Score is 7 as of Jun. 27, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates JSE:RCL with a GF Score™ of 53/100 and a GF Value™ of R9.08 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,911 Consumer Packaged Goods companies, RCL Foods ranks better than 88.59% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

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

JSE:RCL' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of RCL Foods was 8. The lowest was 4. And the median was 6.

RCL Foods  (JSE:RCL) 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.


RCL Foods Piotroski F-Score Related Terms


RCL Foods Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for RCL Foods'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.

RCL Foods Piotroski F-Score Chart

RCL Foods 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 6.00 6.00 4.00 8.00 7.00

RCL Foods 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 8.00 0.00 7.00 0.00

JSE:RCL vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, RCL Foods'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.


RCL Foods Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


JSE:RCL
53GF Score
RCL Foods Ltd JSE:RCL
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 R1,609 Mil.
Cash Flow from Operations was R2,273 Mil.
Revenue was R26,494 Mil.
Gross Profit was R6,047 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (23694.287 + 18663.803) / 2 = R21179.045 Mil.
Total Assets at the begining of this year (Jun24) was R23,694 Mil.
Long-Term Debt & Capital Lease Obligation was R1,943 Mil.
Total Current Assets was R8,595 Mil.
Total Current Liabilities was R5,391 Mil.
Net Income was R1,624 Mil.

Revenue was R26,017 Mil.
Gross Profit was R5,887 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (25301.361 + 23694.287) / 2 = R24497.824 Mil.
Total Assets at the begining of last year (Jun23) was R25,301 Mil.
Long-Term Debt & Capital Lease Obligation was R391 Mil.
Total Current Assets was R14,114 Mil.
Total Current Liabilities was R9,011 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.

RCL Foods's current Net Income (TTM) was 1,609. ==> 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.

RCL Foods's current Cash Flow from Operations (TTM) was 2,273. ==> 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)
=1609.361/23694.287
=0.0679219

ROA (Last Year)=Net Income/Total Assets (Jun23)
=1624.394/25301.361
=0.06420184

RCL Foods's return on assets of this year was 0.0679219. RCL Foods's return on assets of last year was 0.06420184. ==> 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.

RCL Foods's current Net Income (TTM) was 1,609. RCL Foods's current Cash Flow from Operations (TTM) was 2,273. ==> 2,273 > 1,609 ==> 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
=1942.922/21179.045
=0.09173794

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=391.313/24497.824
=0.01597338

RCL Foods's gearing of this year was 0.09173794. RCL Foods's gearing of last year was 0.01597338. ==> 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: Jun25)=Total Current Assets/Total Current Liabilities
=8594.809/5390.61
=1.59440379

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=14114.437/9010.513
=1.566441

RCL Foods's current ratio of this year was 1.59440379. RCL Foods's current ratio of last year was 1.566441. ==> 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.

RCL Foods's number of shares in issue this year was 900.738. RCL Foods's number of shares in issue last year was 892.919. ==> 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
=6046.565/26493.76
=0.228226

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5887.095/26016.566
=0.22628255

RCL Foods's gross margin of this year was 0.228226. RCL Foods's gross margin of last year was 0.22628255. ==> 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)
=26493.76/23694.287
=1.1181497

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=26016.566/25301.361
=1.02826745

RCL Foods's asset turnover of this year was 1.1181497. RCL Foods's asset turnover of last year was 1.02826745. ==> 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+1+1+0+1+0+1+1
=7

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

RCL Foods 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 7 mean?
RCL Foods (JSE:RCL) has a Piotroski F-Score of 7 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on RCL Foods and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, RCL Foods' Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, RCL Foods ranks #218 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 11.4%.
Is RCL Foods' Piotroski F-Score too high?
RCL Foods' current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. 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. RCL Foods' value of 7 is 40% above this industry median. Based on the distribution chart, RCL Foods ranks #218 out of 1911 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, RCL Foods has a GF Score™ of 53/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does RCL Foods' Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, RCL Foods ranks #218 out of 1911 companies for Piotroski F-Score. This places RCL Foods in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. RCL Foods' value of 7 is 40% above this benchmark. Historically, RCL Foods' own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, RCL Foods 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. RCL Foods's current Piotroski F-Score of 7 is 40% 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 RCL Foods 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. RCL Foods's current Piotroski F-Score is 7, which is 17% above 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 RCL Foods stock overvalued right now?
Based on GuruFocus' analysis, RCL Foods (JSE:RCL) is currently considered Modestly Undervalued. The stock's GF Value™ is R9.08, compared to a current price of R7.85 — trading 13.5% below its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Consumer Packaged Goods industry median of 5.00. RCL Foods' overall GF Score™ is 53/100 with 5 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 RCL Foods (JSE:RCL), the current Piotroski F-Score is 7 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 RCL Foods (JSE:RCL) Overvalued in 2026?

Based on GuruFocus' analysis, RCL Foods stock appears to be undervalued. The current stock price of R7.85 is trading 13.5% below its estimated GF Value™ of R9.08. GuruFocus considers RCL Foods to be Modestly Undervalued.

Key valuation signals for JSE:RCL:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: R9.08 vs. price of R7.85 (13.5% below fair value)
  • GF Score™: 53/100 with 5 warning signs
  • Industry Position: 40% above the Consumer Packaged Goods median (#218 of 1911)

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


RCL Foods Business Description

Address Ten The Boulevard, Westway Office Park, Westville, NL, ZAF, 3629
RCL Foods Ltd is a South African food manufacturer that produces Yum Yum peanut butter, Nola mayonnaise, Ouma rusks, Pieman's pies, Number 1 mageu, Sunbake bread, Supreme flour, Selati sugar, Bobtail, and Canine Cuisine dog food, Catmor and Feline Cuisine cat food, and Molatek animal feed, to name a few. It also produces a wide range of speciality and private label products. Its operating segments include Groceries, Baking, and Sugar.
53GF Score

Get the complete analysis for JSE:RCL

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

R7.85
Price
R9.08
GF Value