Union Jack Oil (LSE:UJO) Piotroski F-Score: 2 (As of Jun. 27, 2026) — 50% Below Median


What is Union Jack Oil Piotroski F-Score?

Union Jack Oil LSE:UJO Piotroski F-Score is 2 as of Jun. 27, 2026, which is 50% below its 10-year median of 4.00. The stock has 3 warning signs investors should review. Among 974 Oil & Gas companies, Union Jack Oil ranks worse than 91.07% on this metric.

Warning Sign:

Piotroski F-Score of 2 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Union Jack Oil has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

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

LSE:UJO' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 8
Current: 2

During the past 13 years, the highest Piotroski F-Score of Union Jack Oil was 8. The lowest was 2. And the median was 4.

Union Jack Oil  (LSE:UJO) 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.


Union Jack Oil Piotroski F-Score Related Terms


Union Jack Oil Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Union Jack Oil'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.

Union Jack Oil Piotroski F-Score Chart

Union Jack Oil 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 6.00 8.00 7.00 4.00 2.00

Union Jack Oil 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 7.00 0.00 4.00 0.00 2.00

LSE:UJO vs COP, EOG, OXY: Piotroski F-Score Comparison

For the Oil & Gas E&P subindustry, Union Jack Oil'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.


Union Jack Oil Piotroski F-Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Union Jack Oil's Piotroski F-Score distribution charts can be found below:

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


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 £-7.03 Mil.
Cash Flow from Operations was £-0.67 Mil.
Revenue was £2.49 Mil.
Gross Profit was £0.69 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (23.846 + 19.084) / 2 = £21.465 Mil.
Total Assets at the begining of this year (Dec24) was £23.85 Mil.
Long-Term Debt & Capital Lease Obligation was £0.00 Mil.
Total Current Assets was £1.86 Mil.
Total Current Liabilities was £0.49 Mil.
Net Income was £0.65 Mil.

Revenue was £3.93 Mil.
Gross Profit was £1.97 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (24.177 + 23.846) / 2 = £24.0115 Mil.
Total Assets at the begining of last year (Dec23) was £24.18 Mil.
Long-Term Debt & Capital Lease Obligation was £0.00 Mil.
Total Current Assets was £3.40 Mil.
Total Current Liabilities was £0.22 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.

Union Jack Oil's current Net Income (TTM) was -7.03. ==> Negative ==> Score 0.

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.

Union Jack Oil's current Cash Flow from Operations (TTM) was -0.67. ==> Negative ==> Score 0.

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)
=-7.029/23.846
=-0.29476642

ROA (Last Year)=Net Income/Total Assets (Dec23)
=0.649/24.177
=0.02684369

Union Jack Oil's return on assets of this year was -0.29476642. Union Jack Oil's return on assets of last year was 0.02684369. ==> 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.

Union Jack Oil's current Net Income (TTM) was -7.03. Union Jack Oil's current Cash Flow from Operations (TTM) was -0.67. ==> -0.67 > -7.03 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=0/21.465
=0

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0/24.0115
=0

Union Jack Oil's gearing of this year was 0. Union Jack Oil's gearing of last year was 0. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=1.857/0.492
=3.77439024

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=3.395/0.223
=15.22421525

Union Jack Oil's current ratio of this year was 3.77439024. Union Jack Oil's current ratio of last year was 15.22421525. ==> Last year's current ratio is higher ==> Score 0.

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.

Union Jack Oil's number of shares in issue this year was 123.662. Union Jack Oil's number of shares in issue last year was 107.916. ==> 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
=0.691/2.49
=0.27751004

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1.968/3.93
=0.50076336

Union Jack Oil's gross margin of this year was 0.27751004. Union Jack Oil's gross margin of last year was 0.50076336. ==> 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 (Dec24)
=2.49/23.846
=0.10442003

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=3.93/24.177
=0.16255119

Union Jack Oil's asset turnover of this year was 0.10442003. Union Jack Oil's asset turnover of last year was 0.16255119. ==> 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
=0+0+0+1+1+0+0+0+0
=2

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

Union Jack Oil has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 2 mean?
Union Jack Oil (LSE:UJO) has a Piotroski F-Score of 2 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Union Jack Oil and its competitors. This is 50% below median its historical median of 4.00. Over the past decade, Union Jack Oil's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Union Jack Oil ranks #887 out of 974 companies in the Oil & Gas industry, placing it in the top 91.1%.
Is Union Jack Oil's Piotroski F-Score too high?
Union Jack Oil's current Piotroski F-Score of 2 is 50% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Oil & Gas industry median Piotroski F-Score is 5.00. Union Jack Oil's value of 2 is 60% below this industry median. Based on the distribution chart, Union Jack Oil ranks #887 out of 974 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers.
How does Union Jack Oil's Piotroski F-Score compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Union Jack Oil ranks #887 out of 974 companies for Piotroski F-Score. This places Union Jack Oil in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Union Jack Oil's value of 2 is 60% below this benchmark. Historically, Union Jack Oil's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Union Jack Oil 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 an Oil & Gas company?
The median Piotroski F-Score among Oil & Gas companies is 5.00, based on 974 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. Union Jack Oil's current Piotroski F-Score of 2 is 60% 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 Union Jack Oil and its competitors. For the Oil & Gas 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. Union Jack Oil's current Piotroski F-Score is 2, which is 50% below median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Union Jack Oil stock overvalued right now?
Based on GuruFocus' analysis, Union Jack Oil (LSE:UJO) is currently considered Possible Value Trap. The stock's GF Value™ is £0.07, compared to a current price of £0.04 — trading 46.4% below its estimated fair value. The current Piotroski F-Score is 2, which is 50% below median its 10-year median of 4.00 and 60% below the Oil & Gas industry median of 5.00. 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 Union Jack Oil (LSE:UJO), the current Piotroski F-Score is 2 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.

Union Jack Oil Business Description

Industry EnergyOil & Gas
Other Exchanges UJOGF:USA1UJ0:Germany
Address 6 Charlotte Street, Bath, GBR, BA1 2NE
Union Jack Oil PLC is an onshore oil and gas exploration and production company. It mainly focuses on segment Exploration & Evaluation and Development and Production. Its principal projects consist of Biscathorpe, Burton on the Wolds, Wressle, Fiskerton Airfield, and Keddington.