Haleon Pakistan (KAR:HALEON) Piotroski F-Score: 7 (As of Jul. 21, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

KAR:HALEON Haleon Pakistan Ltd KAR:HALEON
88 GF Score
Price ₨757.40
GF Value ₨771.24
Valuation Fairly Valued
View Full Analysis

What is Haleon Pakistan Piotroski F-Score?

Haleon Pakistan KAR:HALEON -0.28% 88 Piotroski F-Score is 7 as of Jul. 21, 2026, which is at its 10-year median of 7.00. GuruFocus rates KAR:HALEON with a GF Score™ of 88/100 and a GF Value™ of ₨771.24 (Fairly Valued). Among 1,914 Consumer Packaged Goods companies, Haleon Pakistan ranks better than 88.45% 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

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

KAR:HALEON' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 7   Max: 8
Current: 7

During the past 10 years, the highest Piotroski F-Score of Haleon Pakistan was 8. The lowest was 3. And the median was 7.

Haleon Pakistan  (KAR:HALEON) 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.


Haleon Pakistan Piotroski F-Score Related Terms


Haleon Pakistan Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Haleon Pakistan'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.

Haleon Pakistan Piotroski F-Score Chart

Haleon Pakistan 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 7.00 4.00 7.00 8.00 7.00

Haleon Pakistan 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 8.00 7.00 7.00 7.00 7.00

KAR:HALEON vs PG, CL, KVUE: Piotroski F-Score Comparison

For the Household & Personal Products subindustry, Haleon Pakistan'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.


Haleon Pakistan Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


KAR:HALEON
88GF Score
Haleon Pakistan Ltd KAR:HALEON
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 1623.159 + 1615.006 + 1787.39 + 1524.759 = ₨6,550 Mil.
Cash Flow from Operations was 662.48 + 198.422 + 3092.119 + 190.739 = ₨4,144 Mil.
Revenue was 11598.087 + 10562.883 + 10915.607 + 9593.81 = ₨42,670 Mil.
Gross Profit was 4674.533 + 4256.497 + 4491.434 + 3763.43 = ₨17,186 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(24824.871 + 25360.874 + 25169.233 + 27160.875 + 29932.345) / 5 = ₨26489.6396 Mil.
Total Assets at the begining of this year (Mar25) was ₨24,825 Mil.
Long-Term Debt & Capital Lease Obligation was ₨200 Mil.
Total Current Assets was ₨20,416 Mil.
Total Current Liabilities was ₨14,390 Mil.
Net Income was 1223.459 + 1329.784 + 1375.723 + 1347.596 = ₨5,277 Mil.

Revenue was 9805.213 + 9754.5 + 9692.578 + 10029.843 = ₨39,282 Mil.
Gross Profit was 3303.241 + 3682.506 + 3645.881 + 3429.866 = ₨14,061 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(20563.071 + 22077.08 + 23947.709 + 21800.563 + 24824.871) / 5 = ₨22642.6588 Mil.
Total Assets at the begining of last year (Mar24) was ₨20,563 Mil.
Long-Term Debt & Capital Lease Obligation was ₨205 Mil.
Total Current Assets was ₨16,893 Mil.
Total Current Liabilities was ₨12,454 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.

Haleon Pakistan's current Net Income (TTM) was 6,550. ==> 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.

Haleon Pakistan's current Cash Flow from Operations (TTM) was 4,144. ==> 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)
=6550.314/24824.871
=0.26386095

ROA (Last Year)=Net Income/Total Assets (Mar24)
=5276.562/20563.071
=0.25660379

Haleon Pakistan's return on assets of this year was 0.26386095. Haleon Pakistan's return on assets of last year was 0.25660379. ==> 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.

Haleon Pakistan's current Net Income (TTM) was 6,550. Haleon Pakistan's current Cash Flow from Operations (TTM) was 4,144. ==> 4,144 <= 6,550 ==> CFROA <= ROA ==> Score 0.

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
=200.172/26489.6396
=0.00755661

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=204.631/22642.6588
=0.00903741

Haleon Pakistan's gearing of this year was 0.00755661. Haleon Pakistan's gearing of last year was 0.00903741. ==> 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
=20415.806/14390.22
=1.41872786

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=16892.851/12453.644
=1.35645848

Haleon Pakistan's current ratio of this year was 1.41872786. Haleon Pakistan's current ratio of last year was 1.35645848. ==> 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.

Haleon Pakistan's number of shares in issue this year was 117.055. Haleon Pakistan's number of shares in issue last year was 117.055. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

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
=17185.894/42670.387
=0.40275927

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=14061.494/39282.134
=0.35796156

Haleon Pakistan's gross margin of this year was 0.40275927. Haleon Pakistan's gross margin of last year was 0.35796156. ==> 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 (Mar25)
=42670.387/24824.871
=1.71885634

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=39282.134/20563.071
=1.91032429

Haleon Pakistan's asset turnover of this year was 1.71885634. Haleon Pakistan's asset turnover of last year was 1.91032429. ==> 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+0+1+1+1+1+0
=7

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

Haleon Pakistan 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?
Haleon Pakistan (KAR:HALEON) has a Piotroski F-Score of 7 as of Jul. 21, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Haleon Pakistan and its competitors. This is near median its historical median of 7.00. Over the past decade, Haleon Pakistan's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Haleon Pakistan ranks #221 out of 1914 companies in the Consumer Packaged Goods industry, placing it in the top 11.5%.
Is Haleon Pakistan's Piotroski F-Score too high?
Haleon Pakistan's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Haleon Pakistan's value of 7 is 40% above this industry median. Based on the distribution chart, Haleon Pakistan ranks #221 out of 1914 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Haleon Pakistan has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Haleon Pakistan's Piotroski F-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Haleon Pakistan ranks #221 out of 1914 companies for Piotroski F-Score. This places Haleon Pakistan in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Haleon Pakistan's value of 7 is 40% above this benchmark. Historically, Haleon Pakistan'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 7.00 vs. the industry median of 5.00, Haleon Pakistan 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 1,914 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. Haleon Pakistan'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 Haleon Pakistan 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. Haleon Pakistan's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Haleon Pakistan stock overvalued right now?
Based on GuruFocus' analysis, Haleon Pakistan (KAR:HALEON) is currently considered Fairly Valued. The stock's GF Value™ is ₨771.24, compared to a current price of ₨757.40 — trading 1.8% below its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Consumer Packaged Goods industry median of 5.00. Haleon Pakistan's overall GF Score™ is 88/100. 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 Haleon Pakistan (KAR:HALEON), the current Piotroski F-Score is 7 as of Jul. 21, 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 Haleon Pakistan (KAR:HALEON) Overvalued in 2026?

Based on GuruFocus' analysis, Haleon Pakistan stock appears to be undervalued. The current stock price of ₨757.40 is trading 1.8% below its estimated GF Value™ of ₨771.24. GuruFocus considers Haleon Pakistan to be Fairly Valued.

Key valuation signals for KAR:HALEON:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: ₨771.24 vs. price of ₨757.40 (1.8% below fair value)
  • GF Score™: 88/100
  • Industry Position: 40% above the Consumer Packaged Goods median (#221 of 1914)

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


Haleon Pakistan Business Description

Address HC-3, Block 4, Scheme-5, Clifton, 11-A, 11th Floor, Sky Tower (East Wing), Dolmen City, Karachi, SD, PAK, 75600
Haleon Pakistan Ltd is engaged in the manufacturing, marketing, and sale of consumer healthcare products in Pakistan. The company operates into one segment which is the consumer healthcare segment. It offers various products in the areas of Pain Relief, Respiratory, Oral Health, Nutrition/Gastrointestinal, and Skin Health. Some of its pharmaceutical brands include Pain Relief, Oral Health, Respiratory Health, and Wellness and Nutrition.
88GF Score

Get the complete analysis for KAR:HALEON

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

₨757.40
Price
₨771.24
GF Value