Bell Food Group (LTS:0RFX) Piotroski F-Score: 6 (As of Jun. 27, 2026) — Near Median


LTS:0RFX Bell Food Group Ltd LTS:0RFX
69 GF Score
Price CHF181.67
GF Value CHF288.01
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Bell Food Group Piotroski F-Score?

Bell Food Group LTS:0RFX +2.52% 69 Piotroski F-Score is 6 as of Jun. 27, 2026, which is at its 10-year median of 6.00. GuruFocus rates LTS:0RFX with a GF Score™ of 69/100 and a GF Value™ of CHF288.01 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,911 Consumer Packaged Goods companies, Bell Food Group ranks better than 73.47% 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

Bell Food Group 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 Bell Food Group's Piotroski F-Score or its related term are showing as below:

LTS:0RFX' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Bell Food Group was 8. The lowest was 5. And the median was 6.

Bell Food Group  (LTS:0RFX) 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.


Bell Food Group Piotroski F-Score Related Terms


Bell Food Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Bell Food Group'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.

Bell Food Group Piotroski F-Score Chart

Bell Food Group 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 8.00 5.00 5.00 6.00 6.00

Bell Food Group 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 6.00 0.00 6.00

LTS:0RFX vs KHC, GIS, JBS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Bell Food Group'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.


Bell Food Group Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


LTS:0RFX
69GF Score
Bell Food Group Ltd LTS:0RFX
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 CHF70 Mil.
Cash Flow from Operations was CHF275 Mil.
Revenue was CHF4,885 Mil.
Gross Profit was CHF1,893 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (3195.6 + 3188.6) / 2 = CHF3192.1 Mil.
Total Assets at the begining of this year (Dec24) was CHF3,196 Mil.
Long-Term Debt & Capital Lease Obligation was CHF832 Mil.
Total Current Assets was CHF1,127 Mil.
Total Current Liabilities was CHF644 Mil.
Net Income was CHF124 Mil.

Revenue was CHF4,728 Mil.
Gross Profit was CHF1,880 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (3273.5 + 3195.6) / 2 = CHF3234.55 Mil.
Total Assets at the begining of last year (Dec23) was CHF3,274 Mil.
Long-Term Debt & Capital Lease Obligation was CHF722 Mil.
Total Current Assets was CHF1,132 Mil.
Total Current Liabilities was CHF789 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.

Bell Food Group's current Net Income (TTM) was 70. ==> 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.

Bell Food Group's current Cash Flow from Operations (TTM) was 275. ==> 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)
=69.6/3195.6
=0.02177995

ROA (Last Year)=Net Income/Total Assets (Dec23)
=123.7/3273.5
=0.0377883

Bell Food Group's return on assets of this year was 0.02177995. Bell Food Group's return on assets of last year was 0.0377883. ==> 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.

Bell Food Group's current Net Income (TTM) was 70. Bell Food Group's current Cash Flow from Operations (TTM) was 275. ==> 275 > 70 ==> 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
=831.9/3192.1
=0.26061214

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=721.9/3234.55
=0.22318406

Bell Food Group's gearing of this year was 0.26061214. Bell Food Group's gearing of last year was 0.22318406. ==> 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
=1127/644.1
=1.7497283

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=1131.6/789.2
=1.43385707

Bell Food Group's current ratio of this year was 1.7497283. Bell Food Group's current ratio of last year was 1.43385707. ==> 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.

Bell Food Group's number of shares in issue this year was 6.267. Bell Food Group's number of shares in issue last year was 6.277. ==> 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
=1893.4/4884.8
=0.38761055

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1880.1/4728.3
=0.39762705

Bell Food Group's gross margin of this year was 0.38761055. Bell Food Group's gross margin of last year was 0.39762705. ==> 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)
=4884.8/3195.6
=1.52860183

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=4728.3/3273.5
=1.44441729

Bell Food Group's asset turnover of this year was 1.52860183. Bell Food Group's asset turnover of last year was 1.44441729. ==> 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+0+1+0+1+1+0+1
=6

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

Bell Food Group 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?
Bell Food Group (LTS:0RFX) has a Piotroski F-Score of 6 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Bell Food Group and its competitors. This is near median its historical median of 6.00. Over the past decade, Bell Food Group's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Bell Food Group ranks #507 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 26.5%.
Is Bell Food Group's Piotroski F-Score too high?
Bell Food Group'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 5.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Bell Food Group's value of 6 is 20% above this industry median. Based on the distribution chart, Bell Food Group ranks #507 out of 1911 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Bell Food Group has a GF Score™ of 69/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bell Food Group's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Bell Food Group ranks #507 out of 1911 companies for Piotroski F-Score. This puts Bell Food Group in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Bell Food Group's value of 6 is 20% above this benchmark. Historically, Bell Food Group's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Bell Food Group 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 1,911 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. Bell Food Group'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 Bell Food Group 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. Bell Food Group'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 Bell Food Group stock overvalued right now?
Based on GuruFocus' analysis, Bell Food Group (LTS:0RFX) is currently considered Significantly Undervalued. The stock's GF Value™ is CHF288.01, compared to a current price of CHF181.67 — trading 36.9% below 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. Bell Food Group's overall GF Score™ is 69/100 with 1 warning sign 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 Bell Food Group (LTS:0RFX), the current Piotroski F-Score is 6 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.

Is Bell Food Group (LTS:0RFX) Overvalued in 2026?

Based on GuruFocus' analysis, Bell Food Group stock appears to be undervalued. The current stock price of CHF181.67 is trading 36.9% below its estimated GF Value™ of CHF288.01. GuruFocus considers Bell Food Group to be Significantly Undervalued.

Key valuation signals for LTS:0RFX:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: CHF288.01 vs. price of CHF181.67 (36.9% below fair value)
  • GF Score™: 69/100 with 1 warning sign
  • Industry Position: 20% above the Consumer Packaged Goods median (#507 of 1911)

No single metric tells the full story. See the LTS:0RFX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bell Food Group Business Description

Address Elsasserstrasse 174, Basel, CHE, 4056
Bell Food Group Ltd is a food processor that provides meat, charcuterie, poultry, and convenience products. Bell operates in five divisions: Bell Switzerland, supplying retailers, wholesalers, food service, and food processing; Bell international, operating in Germany, Austria, France, Poland, and other European countries; and Eisberg, Hilcona, Hugli, Hubers/Sutag. Bell Switzerland represents maximum of the company's income.
69GF Score

Get the complete analysis for LTS:0RFX

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

CHF181.67
Price
CHF288.01
GF Value