Haleon (MEX:HLNN) Piotroski F-Score: 7 (As of Jun. 24, 2026) — Near Median


MEX:HLNN Haleon PLC MEX:HLNN
74 GF Score
Price MXN99.17
GF Value MXN107.88
! 3 Warning Signs
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What is Haleon Piotroski F-Score?

Haleon MEX:HLNN 74 Piotroski F-Score is 7 as of Jun. 24, 2026, which is at its 10-year median of 7.00. GuruFocus rates MEX:HLNN with a GF Score™ of 74/100 and a GF Value™ of MXN107.88. The stock has 3 warning signs investors should review. Among 981 Drug Manufacturers companies, Haleon ranks better than 91.95% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

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

MEX:HLNN' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 8
Current: 7

During the past 7 years, the highest Piotroski F-Score of Haleon was 8. The lowest was 4. And the median was 7.

Haleon  (MEX:HLNN) 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.


Haleon Piotroski F-Score Related Terms


Haleon Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Haleon'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.

Haleon Piotroski F-Score Chart

Haleon Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 7.00 4.00 6.00 8.00 7.00

Haleon Semi-Annual Data
Dec19 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 6.00 0.00 8.00 0.00 7.00

MEX:HLNN vs ZTS, UTHR, VTRS: Piotroski F-Score Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Haleon'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.


Haleon Piotroski F-Score vs Drug Manufacturers Industry

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

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


MEX:HLNN
74GF Score
Haleon PLC MEX:HLNN
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 MXN40,181 Mil.
Cash Flow from Operations was MXN63,490 Mil.
Revenue was MXN265,867 Mil.
Gross Profit was MXN170,656 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (904757.706 + 786514.044) / 2 = MXN845635.875 Mil.
Total Assets at the begining of this year (Dec24) was MXN904,758 Mil.
Long-Term Debt & Capital Lease Obligation was MXN186,758 Mil.
Total Current Assets was MXN109,673 Mil.
Total Current Liabilities was MXN118,905 Mil.
Net Income was MXN38,020 Mil.

Revenue was MXN296,172 Mil.
Gross Profit was MXN179,923 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (731719.007 + 904757.706) / 2 = MXN818238.3565 Mil.
Total Assets at the begining of last year (Dec23) was MXN731,719 Mil.
Long-Term Debt & Capital Lease Obligation was MXN227,145 Mil.
Total Current Assets was MXN150,762 Mil.
Total Current Liabilities was MXN153,241 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.

Haleon's current Net Income (TTM) was 40,181. ==> 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.

Haleon's current Cash Flow from Operations (TTM) was 63,490. ==> 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)
=40181.395/904757.706
=0.04441122

ROA (Last Year)=Net Income/Total Assets (Dec23)
=38020.126/731719.007
=0.05196001

Haleon's return on assets of this year was 0.04441122. Haleon's return on assets of last year was 0.05196001. ==> 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.

Haleon's current Net Income (TTM) was 40,181. Haleon's current Cash Flow from Operations (TTM) was 63,490. ==> 63,490 > 40,181 ==> 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
=186757.916/845635.875
=0.22084909

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=227145.203/818238.3565
=0.27760273

Haleon's gearing of this year was 0.22084909. Haleon's gearing of last year was 0.27760273. ==> 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
=109673.273/118905.111
=0.92235962

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=150762.19/153240.617
=0.98382657

Haleon's current ratio of this year was 0.92235962. Haleon's current ratio of last year was 0.98382657. ==> 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.

Haleon's number of shares in issue this year was 9026. Haleon's number of shares in issue last year was 9175. ==> 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
=170656.434/265867.297
=0.64188577

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=179923.258/296172.033
=0.60749577

Haleon's gross margin of this year was 0.64188577. Haleon's gross margin of last year was 0.60749577. ==> This year's gross margin is higher. ==> Score 1.

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)
=265867.297/904757.706
=0.29385469

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=296172.033/731719.007
=0.40476198

Haleon's asset turnover of this year was 0.29385469. Haleon's asset turnover of last year was 0.40476198. ==> 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+1+0
=6

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

Haleon 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 7 mean?
Haleon (MEX:HLNN) has a Piotroski F-Score of 7 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Haleon and its competitors. This is near median its historical median of 7.00. Over the past decade, Haleon's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Haleon ranks #79 out of 981 companies in the Drug Manufacturers industry, placing it in the top 8.1%.
Is Haleon's Piotroski F-Score too high?
Haleon's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Drug Manufacturers industry median Piotroski F-Score is 5.00. Haleon's value of 7 is 40% above this industry median. Based on the distribution chart, Haleon ranks #79 out of 981 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers. Overall, Haleon has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Haleon's Piotroski F-Score compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Haleon ranks #79 out of 981 companies for Piotroski F-Score. This places Haleon in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Haleon's value of 7 is 40% above this benchmark. Historically, Haleon's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Haleon 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 Drug Manufacturers company?
The median Piotroski F-Score among Drug Manufacturers companies is 5.00, based on 981 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. Haleon's current Piotroski F-Score of 7 is 40% 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 Haleon 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. Haleon's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Haleon stock overvalued right now?
Haleon (MEX:HLNN) has a current Piotroski F-Score of 7. The stock's GF Value™ is MXN107.88, compared to a current price of MXN99.17 — trading 8.1% below its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Drug Manufacturers industry median of 5.00. Haleon's overall GF Score™ is 74/100 with 3 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 Haleon (MEX:HLNN), the current Piotroski F-Score is 7 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 Haleon (MEX:HLNN) Overvalued in 2026?

Based on GuruFocus' analysis, Haleon stock appears to be undervalued. The current stock price of MXN99.17 is trading 8.1% below its estimated GF Value™ of MXN107.88.

Key valuation signals for MEX:HLNN:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: MXN107.88 vs. price of MXN99.17 (8.1% below fair value)
  • GF Score™: 74/100 with 3 warning signs
  • Industry Position: 40% above the Drug Manufacturers median (#79 of 981)

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


Haleon Business Description

Address The Heights, Building 5, First Floor, Weybridge, Surrey, GBR, KT13 0NY
Haleon is one of the largest consumer health companies in the world. Formed by a combination of consumer health divisions of GSK, Pfizer, and Novartis, Haleon separated from GSK and went public in July 2022. The firm generates 60% of sales from global power brands including Sensodyne, Advil, Centrum, and Poligrip, that play in many geographies and are often leaders in their respective categories. It also has a number of local brands, including Emergen-C, Eno, Tums, and Caltrate, that are more tailored to regional needs and have strong local brand equity. Overall, Haleon's brands tackle a variety of silos within consumer health including oral care, digestive health, pain relief, and nutrition.
74GF Score

Get the complete analysis for MEX:HLNN

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

MXN99.17
Price
MXN107.88
GF Value