Grifols (MEX:GRFP N) Piotroski F-Score: 5 (As of Aug. 10, 2026) — Near Median

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MEX:GRFP N Grifols SA MEX:GRFP N
75 GF Score
Price MXN126.63
GF Value MXN132.54
! 7 Warning Signs
View Full Analysis

What is Grifols Piotroski F-Score?

Grifols MEX:GRFP N 75 Piotroski F-Score is 5 as of Aug. 10, 2026, which is at its 10-year median of 5.00. GuruFocus rates MEX:GRFP N with a GF Score™ of 75/100 and a GF Value™ of MXN132.54. The stock has 7 warning signs investors should review. Among 977 Drug Manufacturers companies, Grifols ranks better than 60.9% 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

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

MEX:GRFP N' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 5

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

Grifols  (MEX:GRFP N) 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.


Grifols Piotroski F-Score Related Terms


Grifols Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Grifols'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.

Grifols Piotroski F-Score Chart

Grifols 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 4.00 N/A 6.00 5.00

Grifols Quarterly Data
Sep20 Dec20 Mar21 Jun21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 8.00 5.00 N/A 5.00

MEX:GRFP N vs LLY, JNJ, ABBV: Piotroski F-Score Comparison

For the Drug Manufacturers - General subindustry, Grifols'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.


Grifols Piotroski F-Score vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Grifols's Piotroski F-Score distribution charts can be found below:

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


MEX:GRFP N
75GF Score
Grifols SA MEX:GRFP N
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 (Jun26) TTM:Last Year (Jun25) TTM:
Net Income was 2733.652 + 2071.499 + 1521.835 + 3115.893 = MXN9,443 Mil.
Cash Flow from Operations was 7006.128 + 9084.318 + 2293.176 + 4563.275 = MXN22,947 Mil.
Revenue was 40163.463 + 41781.236 + 35439.988 + 37672.15 = MXN155,057 Mil.
Gross Profit was 15797.069 + 14481.327 + 12925.172 + 14172.287 = MXN57,376 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(429296.183 + 427466.517 + 415606.977 + 418567.111 + 403859.919) / 5 = MXN418959.3414 Mil.
Total Assets at the begining of this year (Jun25) was MXN429,296 Mil.
Long-Term Debt & Capital Lease Obligation was MXN162,770 Mil.
Total Current Assets was MXN106,644 Mil.
Total Current Liabilities was MXN44,949 Mil.
Net Income was 1129.646 + 1507.944 + 1327.018 + 2540.965 = MXN6,506 Mil.

Revenue was 39182.954 + 43140.31 + 39500.914 + 41068.071 = MXN162,892 Mil.
Gross Profit was 15882.38 + 16727.276 + 15371.296 + 16157.929 = MXN64,139 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(439592.824 + 443275.289 + 467451.58 + 0 + 429296.183) / 5 = MXN444903.969 Mil.
Total Assets at the begining of last year (Jun24) was MXN439,593 Mil.
Long-Term Debt & Capital Lease Obligation was MXN182,981 Mil.
Total Current Assets was MXN113,935 Mil.
Total Current Liabilities was MXN43,221 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.

Grifols's current Net Income (TTM) was 9,443. ==> 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.

Grifols's current Cash Flow from Operations (TTM) was 22,947. ==> 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 (Jun25)
=9442.879/429296.183
=0.02199619

ROA (Last Year)=Net Income/Total Assets (Jun24)
=6505.573/439592.824
=0.01479909

Grifols's return on assets of this year was 0.02199619. Grifols's return on assets of last year was 0.01479909. ==> 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.

Grifols's current Net Income (TTM) was 9,443. Grifols's current Cash Flow from Operations (TTM) was 22,947. ==> 22,947 > 9,443 ==> 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: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun25 to Jun26
=162770.222/418959.3414
=0.38851078

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=182981.362/444903.969
=0.41128283

Grifols's gearing of this year was 0.38851078. Grifols's gearing of last year was 0.41128283. ==> 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: Jun26)=Total Current Assets/Total Current Liabilities
=106643.946/44949.267
=2.37254027

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=113935.272/43221.419
=2.63608356

Grifols's current ratio of this year was 2.37254027. Grifols's current ratio of last year was 2.63608356. ==> 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.

Grifols's number of shares in issue this year was 680.581. Grifols's number of shares in issue last year was 679.729. ==> 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
=57375.855/155056.837
=0.37003112

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=64138.881/162892.249
=0.39375036

Grifols's gross margin of this year was 0.37003112. Grifols's gross margin of last year was 0.39375036. ==> 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 (Jun25)
=155056.837/429296.183
=0.36118848

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=162892.249/439592.824
=0.37055257

Grifols's asset turnover of this year was 0.36118848. Grifols's asset turnover of last year was 0.37055257. ==> 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+1+1+1+0+0+0+0
=5

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

Grifols 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?
Grifols (MEX:GRFP N) has a Piotroski F-Score of 5 as of Aug. 10, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Grifols and its competitors. This is near median its historical median of 5.00. Over the past decade, Grifols' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Grifols ranks #382 out of 977 companies in the Drug Manufacturers industry, placing it in the top 39.1%.
Is Grifols' Piotroski F-Score too high?
Grifols' 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 8.00. The Drug Manufacturers industry median Piotroski F-Score is 5.00. Grifols' value of 5 is 0% at this industry median. Based on the distribution chart, Grifols ranks #382 out of 977 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, Grifols has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Grifols' Piotroski F-Score compare to LLY and JNJ?
According to the Drug Manufacturers industry distribution chart, Grifols ranks #382 out of 977 companies for Piotroski F-Score. This puts Grifols in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Grifols' value of 5 is 0% at this benchmark. Historically, Grifols' 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, Grifols 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 Drug Manufacturers company?
The median Piotroski F-Score among Drug Manufacturers companies is 5.00, based on 977 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. Grifols'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 Grifols and its competitors. For the Drug Manufacturers 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. Grifols'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 Grifols stock overvalued right now?
Grifols (MEX:GRFP N) has a current Piotroski F-Score of 5. The stock's GF Value™ is MXN132.54, compared to a current price of MXN126.63 — trading 4.5% below 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 Drug Manufacturers industry median of 5.00. Grifols' overall GF Score™ is 75/100 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 Grifols (MEX:GRFP N), the current Piotroski F-Score is 5 as of Aug. 10, 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 Grifols (MEX:GRFP N) Overvalued in 2026?

Based on GuruFocus' analysis, Grifols stock appears to be undervalued. The current stock price of MXN126.63 is trading 4.5% below its estimated GF Value™ of MXN132.54.

Key valuation signals for MEX:GRFP N:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: MXN132.54 vs. price of MXN126.63 (4.5% below fair value)
  • GF Score™: 75/100 with 7 warning signs
  • Industry Position: 0% at the Drug Manufacturers median (#382 of 977)

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


Grifols Business Description

Address Avinguda de la Generalitat, 152-158, Parc de Negocis Can Sant Joan, Sant Cugat del Valles, Barcelona, ESP, 08174
Grifols SA is a healthcare company engaged in activities related to plasma-derived products and diagnostic solutions. The group has four reportable segments: Biopharma, Diagnostic, Bio Supplies, and Others. The Biopharma segment focuses on products derived from human plasma for therapeutic use, while the Diagnostic segment includes the marketing of diagnostic testing equipment and reagents. The Bio Supplies segment covers biological products for non-therapeutic use and plasma sales to third parties, and the Others segment includes manufacturing services, research activities, and complementary pharmaceutical products.
75GF Score

Get the complete analysis for MEX:GRFP N

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

MXN126.63
Price
MXN132.54
GF Value