Anpario (LSE:ANP) Piotroski F-Score: 6 (As of Jun. 28, 2026) — Near Median


LSE:ANP Anpario PLC LSE:ANP
85 GF Score
Price £5.15
GF Value £4.72
Valuation Fairly Valued
! 3 Warning Signs
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What is Anpario Piotroski F-Score?

Anpario LSE:ANP -0.96% 85 Piotroski F-Score is 6 as of Jun. 28, 2026, which is at its 10-year median of 6.00. GuruFocus rates LSE:ANP with a GF Score™ of 85/100 and a GF Value™ of £4.72 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,910 Consumer Packaged Goods companies, Anpario ranks better than 73.25% 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

Anpario has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Anpario's Piotroski F-Score or its related term are showing as below:

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

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

Anpario  (LSE:ANP) 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.


Anpario Piotroski F-Score Related Terms


Anpario Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Anpario'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.

Anpario Piotroski F-Score Chart

Anpario 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 4.00 5.00 5.00 8.00 6.00

Anpario 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 5.00 0.00 8.00 0.00 6.00

LSE:ANP vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Anpario'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.


Anpario Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


LSE:ANP
85GF Score
Anpario PLC LSE:ANP
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was £6.75 Mil.
Cash Flow from Operations was £5.90 Mil.
Revenue was £47.18 Mil.
Gross Profit was £24.03 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (47.146 + 50.491) / 2 = £48.8185 Mil.
Total Assets at the begining of this year (Dec24) was £47.15 Mil.
Long-Term Debt & Capital Lease Obligation was £0.11 Mil.
Total Current Assets was £31.42 Mil.
Total Current Liabilities was £6.98 Mil.
Net Income was £4.11 Mil.

Revenue was £38.20 Mil.
Gross Profit was £17.92 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (40.194 + 47.146) / 2 = £43.67 Mil.
Total Assets at the begining of last year (Dec23) was £40.19 Mil.
Long-Term Debt & Capital Lease Obligation was £0.01 Mil.
Total Current Assets was £27.25 Mil.
Total Current Liabilities was £8.23 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.

Anpario's current Net Income (TTM) was 6.75. ==> 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.

Anpario's current Cash Flow from Operations (TTM) was 5.90. ==> 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 (Dec24)
=6.752/47.146
=0.14321469

ROA (Last Year)=Net Income/Total Assets (Dec23)
=4.112/40.194
=0.10230383

Anpario's return on assets of this year was 0.14321469. Anpario's return on assets of last year was 0.10230383. ==> 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.

Anpario's current Net Income (TTM) was 6.75. Anpario's current Cash Flow from Operations (TTM) was 5.90. ==> 5.90 <= 6.75 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=0.107/48.8185
=0.00219179

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0.008/43.67
=0.00018319

Anpario's gearing of this year was 0.00219179. Anpario's gearing of last year was 0.00018319. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=31.417/6.977
=4.50293823

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=27.247/8.227
=3.31189984

Anpario's current ratio of this year was 4.50293823. Anpario's current ratio of last year was 3.31189984. ==> 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.

Anpario's number of shares in issue this year was 17.798. Anpario's number of shares in issue last year was 16.84. ==> 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
=24.025/47.175
=0.50927398

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=17.917/38.195
=0.46909281

Anpario's gross margin of this year was 0.50927398. Anpario's gross margin of last year was 0.46909281. ==> 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 (Dec24)
=47.175/47.146
=1.00061511

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=38.195/40.194
=0.95026621

Anpario's asset turnover of this year was 1.00061511. Anpario's asset turnover of last year was 0.95026621. ==> 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+0+0+1+0+1+1
=6

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

Anpario has an F-score of 6 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?
Anpario (LSE:ANP) has a Piotroski F-Score of 6 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Anpario and its competitors. This is near median its historical median of 6.00. Over the past decade, Anpario's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Anpario ranks #511 out of 1910 companies in the Consumer Packaged Goods industry, placing it in the top 26.8%.
Is Anpario's Piotroski F-Score too high?
Anpario'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 4.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Anpario's value of 6 is 20% above this industry median. Based on the distribution chart, Anpario ranks #511 out of 1910 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Anpario has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Anpario's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Anpario ranks #511 out of 1910 companies for Piotroski F-Score. This puts Anpario in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Anpario's value of 6 is 20% above this benchmark. Historically, Anpario'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 6.00 vs. the industry median of 5.00, Anpario 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 1,910 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. Anpario'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 Anpario 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. Anpario'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 Anpario stock overvalued right now?
Based on GuruFocus' analysis, Anpario (LSE:ANP) is currently considered Fairly Valued. The stock's GF Value™ is £4.72, compared to a current price of £5.15 — trading 9.1% 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 Consumer Packaged Goods industry median of 5.00. Anpario's overall GF Score™ is 85/100 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 Anpario (LSE:ANP), the current Piotroski F-Score is 6 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 Anpario (LSE:ANP) Overvalued in 2026?

Based on GuruFocus' analysis, Anpario stock appears to be overvalued. The current stock price of £5.15 is trading 9.1% above its estimated GF Value™ of £4.72. GuruFocus considers Anpario to be Fairly Valued.

Key valuation signals for LSE:ANP:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: £4.72 vs. price of £5.15 (9.1% above fair value)
  • GF Score™: 85/100 with 3 warning signs
  • Industry Position: 20% above the Consumer Packaged Goods median (#511 of 1910)

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


Anpario Business Description

Address Manton Wood Enterprise Park, Unit 5, Worksop, Nottinghamshire, GBR, S80 2RS
Anpario PLC is an international producer and distributor of high-performance natural feed additives for animal health, hygiene and nutrition. Its key trading brands include Kiotechagil, Meriden, Cobbett and Optivite. The company's geographic operating divisions, which are also their reportable segments, include the Americas, Asia, Europe, and the Middle East. It derives a majority of revenue from Asia and Europe. The company product categories include swine, feed mill, poultry, ruminant, and aqua.
85GF Score

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

£5.15
Price
£4.72
GF Value