Victrex (LSE:VCT) Piotroski F-Score: 6 (As of Jun. 24, 2026) — 20% Above Median


LSE:VCT Victrex PLC LSE:VCT
71 GF Score
Price £5.99
GF Value £9.89
Valuation Significantly Undervalued
! 7 Warning Signs
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What is Victrex Piotroski F-Score?

Victrex LSE:VCT -0.83% 71 Piotroski F-Score is 6 as of Jun. 24, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates LSE:VCT with a GF Score™ of 71/100 and a GF Value™ of £9.89 (Significantly Undervalued). The stock has 7 warning signs investors should review. Among 1,566 Chemicals companies, Victrex ranks better than 76.18% 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

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

LSE:VCT' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 6

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

Victrex  (LSE:VCT) 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.


Victrex Piotroski F-Score Related Terms


Victrex Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Victrex'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.

Victrex Piotroski F-Score Chart

Victrex Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 3.00 4.00 5.00 6.00

Victrex Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.00 5.00 0.00 6.00 0.00

LSE:VCT vs LIN, SHW, ECL: Piotroski F-Score Comparison

For the Specialty Chemicals subindustry, Victrex'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.


Victrex Piotroski F-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Victrex's Piotroski F-Score distribution charts can be found below:

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


LSE:VCT
71GF Score
Victrex PLC LSE:VCT
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 (Sep25) TTM:Last Year (Sep24) TTM:
Net Income was £27.8 Mil.
Cash Flow from Operations was £71.1 Mil.
Revenue was £296.4 Mil.
Gross Profit was £132.6 Mil.
Average Total Assets from the begining of this year (Sep24)
to the end of this year (Sep25) was (592 + 566.9) / 2 = £579.45 Mil.
Total Assets at the begining of this year (Sep24) was £592.0 Mil.
Long-Term Debt & Capital Lease Obligation was £29.6 Mil.
Total Current Assets was £185.4 Mil.
Total Current Liabilities was £61.6 Mil.
Net Income was £17.2 Mil.

Revenue was £296.2 Mil.
Gross Profit was £134.3 Mil.
Average Total Assets from the begining of last year (Sep23)
to the end of last year (Sep24) was (626.6 + 592) / 2 = £609.3 Mil.
Total Assets at the begining of last year (Sep23) was £626.6 Mil.
Long-Term Debt & Capital Lease Obligation was £41.2 Mil.
Total Current Assets was £201.4 Mil.
Total Current Liabilities was £45.9 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.

Victrex's current Net Income (TTM) was 27.8. ==> 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.

Victrex's current Cash Flow from Operations (TTM) was 71.1. ==> 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 (Sep24)
=27.8/592
=0.04695946

ROA (Last Year)=Net Income/Total Assets (Sep23)
=17.2/626.6
=0.02744973

Victrex's return on assets of this year was 0.04695946. Victrex's return on assets of last year was 0.02744973. ==> 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.

Victrex's current Net Income (TTM) was 27.8. Victrex's current Cash Flow from Operations (TTM) was 71.1. ==> 71.1 > 27.8 ==> 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: Sep25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep24 to Sep25
=29.6/579.45
=0.05108292

Gearing (Last Year: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=41.2/609.3
=0.06761858

Victrex's gearing of this year was 0.05108292. Victrex's gearing of last year was 0.06761858. ==> 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: Sep25)=Total Current Assets/Total Current Liabilities
=185.4/61.6
=3.00974026

Current Ratio (Last Year: Sep24)=Total Current Assets/Total Current Liabilities
=201.4/45.9
=4.38779956

Victrex's current ratio of this year was 3.00974026. Victrex's current ratio of last year was 4.38779956. ==> 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.

Victrex's number of shares in issue this year was 87.715. Victrex's number of shares in issue last year was 87.371. ==> 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
=132.6/296.4
=0.44736842

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=134.3/296.2
=0.45340986

Victrex's gross margin of this year was 0.44736842. Victrex's gross margin of last year was 0.45340986. ==> 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 (Sep24)
=296.4/592
=0.50067568

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep23)
=296.2/626.6
=0.47270986

Victrex's asset turnover of this year was 0.50067568. Victrex's asset turnover of last year was 0.47270986. ==> 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+1+0+0+0+1
=6

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

Victrex 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?
Victrex (LSE:VCT) has a Piotroski F-Score of 6 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Victrex and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Victrex's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Victrex ranks #373 out of 1566 companies in the Chemicals industry, placing it in the top 23.8%.
Is Victrex's Piotroski F-Score too high?
Victrex's current Piotroski F-Score of 6 is 20% above 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 Chemicals industry median Piotroski F-Score is 5.00. Victrex's value of 6 is 20% above this industry median. Based on the distribution chart, Victrex ranks #373 out of 1566 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Victrex has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Victrex's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Victrex ranks #373 out of 1566 companies for Piotroski F-Score. This places Victrex in the top 24% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Victrex's value of 6 is 20% above this benchmark. Historically, Victrex'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, Victrex 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,566 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. Victrex'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 Victrex and its competitors. For the Chemicals 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. Victrex's current Piotroski F-Score is 6, which is 20% above 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 Victrex stock overvalued right now?
Based on GuruFocus' analysis, Victrex (LSE:VCT) is currently considered Significantly Undervalued. The stock's GF Value™ is £9.89, compared to a current price of £5.99 — trading 39.4% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Chemicals industry median of 5.00. Victrex's overall GF Score™ is 71/100 with 7 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 Victrex (LSE:VCT), the current Piotroski F-Score is 6 as of Jun. 24, 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 Victrex (LSE:VCT) Overvalued in 2026?

Based on GuruFocus' analysis, Victrex stock appears to be undervalued. The current stock price of £5.99 is trading 39.4% below its estimated GF Value™ of £9.89. GuruFocus considers Victrex to be Significantly Undervalued.

Key valuation signals for LSE:VCT:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: £9.89 vs. price of £5.99 (39.4% below fair value)
  • GF Score™: 71/100 with 7 warning signs
  • Industry Position: 20% above the Chemicals median (#373 of 1566)

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


Victrex Business Description

Other Exchanges VTXPF:USAVCTl:UK1OY:Germany
Address Victrex Technology Centre, Hillhouse International, Thornton Cleveleys, Lancashire, GBR, FY5 4QD
Victrex PLC is a British specialty chemicals company whose business is based predominantly on manufacturing and creating solutions using polyetheretherketone, or PEEK, an ultra-high-performance lightweight plastic. The business has two segments. The Sustainable Solutions targets transportation, energy, electronics, and manufacturing, while the Medical Segment provides healthcare solutions for the implantable device markets. Geographically operates in the United Kingdom, Europe, the Middle East and Africa (EMEA), America, and Asia-Pacific. Its maximum sales are generated from the Middle East and Africa (EMEA).
71GF Score

Get the complete analysis for LSE:VCT

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

£5.99
Price
£9.89
GF Value