Volvere (LSE:VLE) Piotroski F-Score: 5 (As of Jun. 25, 2026) — Near Median


LSE:VLE Volvere PLC LSE:VLE
79 GF Score
Price £22.60
GF Value £20.67
Valuation Fairly Valued
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What is Volvere Piotroski F-Score?

Volvere LSE:VLE 79 Piotroski F-Score is 5 as of Jun. 25, 2026, which is at its 10-year median of 5.00. GuruFocus rates LSE:VLE with a GF Score™ of 79/100 and a GF Value™ of £20.67 (Fairly Valued). Among 1,912 Consumer Packaged Goods companies, Volvere ranks better than 52.04% 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

Volvere has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

LSE:VLE' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of Volvere was 9. The lowest was 3. And the median was 5.

Volvere  (LSE:VLE) 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.


Volvere Piotroski F-Score Related Terms


Volvere Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Volvere'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.

Volvere Piotroski F-Score Chart

Volvere 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 3.00 5.00 9.00 8.00 5.00

Volvere 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 9.00 0.00 8.00 0.00 5.00

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

For the Packaged Foods subindustry, Volvere'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.


Volvere Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


LSE:VLE
79GF Score
Volvere PLC LSE:VLE
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 £4.16 Mil.
Cash Flow from Operations was £4.52 Mil.
Revenue was £52.70 Mil.
Gross Profit was £11.34 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (50.898 + 59.15) / 2 = £55.024 Mil.
Total Assets at the begining of this year (Dec24) was £50.90 Mil.
Long-Term Debt & Capital Lease Obligation was £0.92 Mil.
Total Current Assets was £51.56 Mil.
Total Current Liabilities was £8.86 Mil.
Net Income was £3.97 Mil.

Revenue was £49.04 Mil.
Gross Profit was £10.68 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (45.411 + 50.898) / 2 = £48.1545 Mil.
Total Assets at the begining of last year (Dec23) was £45.41 Mil.
Long-Term Debt & Capital Lease Obligation was £0.84 Mil.
Total Current Assets was £43.20 Mil.
Total Current Liabilities was £6.56 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.

Volvere's current Net Income (TTM) was 4.16. ==> 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.

Volvere's current Cash Flow from Operations (TTM) was 4.52. ==> 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)
=4.162/50.898
=0.08177139

ROA (Last Year)=Net Income/Total Assets (Dec23)
=3.967/45.411
=0.08735769

Volvere's return on assets of this year was 0.08177139. Volvere's return on assets of last year was 0.08735769. ==> 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.

Volvere's current Net Income (TTM) was 4.16. Volvere's current Cash Flow from Operations (TTM) was 4.52. ==> 4.52 > 4.16 ==> 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
=0.924/55.024
=0.01679267

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0.84/48.1545
=0.01744385

Volvere's gearing of this year was 0.01679267. Volvere's gearing of last year was 0.01744385. ==> 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
=51.556/8.861
=5.81830493

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=43.2/6.556
=6.58938377

Volvere's current ratio of this year was 5.81830493. Volvere's current ratio of last year was 6.58938377. ==> 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.

Volvere's number of shares in issue this year was 2.203. Volvere's number of shares in issue last year was 2.246. ==> 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
=11.337/52.7
=0.21512334

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=10.676/49.04
=0.21769984

Volvere's gross margin of this year was 0.21512334. Volvere's gross margin of last year was 0.21769984. ==> 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)
=52.7/50.898
=1.03540414

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=49.04/45.411
=1.07991456

Volvere's asset turnover of this year was 1.03540414. Volvere's asset turnover of last year was 1.07991456. ==> 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+0+1+1+0+1+0+0
=5

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

Volvere has an F-score of 5 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 5 mean?
Volvere (LSE:VLE) has a Piotroski F-Score of 5 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Volvere and its competitors. This is near median its historical median of 5.00. Over the past decade, Volvere's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Volvere ranks #917 out of 1912 companies in the Consumer Packaged Goods industry, placing it in the top 48%.
Is Volvere's Piotroski F-Score too high?
Volvere's current Piotroski F-Score of 5 is near 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 9.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Volvere's value of 5 is 0% at this industry median. Based on the distribution chart, Volvere ranks #917 out of 1912 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Volvere has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Volvere's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Volvere ranks #917 out of 1912 companies for Piotroski F-Score. This puts Volvere in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Volvere's value of 5 is 0% at this benchmark. Historically, Volvere's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Volvere has consistently been at 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 1,912 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. Volvere's current Piotroski F-Score of 5 is 0% at 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 Volvere 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. Volvere's current Piotroski F-Score is 5, which is near 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 Volvere stock overvalued right now?
Based on GuruFocus' analysis, Volvere (LSE:VLE) is currently considered Fairly Valued. The stock's GF Value™ is £20.67, compared to a current price of £22.60 — trading 9.3% above its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Consumer Packaged Goods industry median of 5.00. Volvere's overall GF Score™ is 79/100. 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 Volvere (LSE:VLE), the current Piotroski F-Score is 5 as of Jun. 25, 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 Volvere (LSE:VLE) Overvalued in 2026?

Based on GuruFocus' analysis, Volvere stock appears to be overvalued. The current stock price of £22.60 is trading 9.3% above its estimated GF Value™ of £20.67. GuruFocus considers Volvere to be Fairly Valued.

Key valuation signals for LSE:VLE:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: £20.67 vs. price of £22.60 (9.3% above fair value)
  • GF Score™: 79/100
  • Industry Position: 0% at the Consumer Packaged Goods median (#917 of 1912)

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


Volvere Business Description

Address Tachbrook Road, Shire House, Leamington Spa, Warwickshire, GBR, CV31 3SF
Volvere PLC is a holding company that invests in companies that require growth capital. It identifies and invests in undervalued and distressed businesses and securities as well as complementary businesses to the existing group. Its business is organized into Food Manufacturing and Investing and management services. Food Manufacturing consists of the manufacturing of frozen pies, and other pastry products for retailers and food service customers and the company also provides investment and management services. The company generates its revenue from the UK.
79GF Score

Get the complete analysis for LSE:VLE

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

£22.60
Price
£20.67
GF Value