Valsoia SpA (MIL:VLS) Piotroski F-Score: 7 (As of Jun. 25, 2026) — 40% Above Median


MIL:VLS Valsoia SpA MIL:VLS
71 GF Score
Price €10.25
GF Value €10.90
Valuation Fairly Valued
! 4 Warning Signs
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What is Valsoia SpA Piotroski F-Score?

Valsoia SpA MIL:VLS +0.49% 71 Piotroski F-Score is 7 as of Jun. 25, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates MIL:VLS with a GF Score™ of 71/100 and a GF Value™ of €10.90 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,912 Consumer Packaged Goods companies, Valsoia SpA ranks better than 88.6% 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

Valsoia SpA has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

MIL:VLS' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of Valsoia SpA was 7. The lowest was 4. And the median was 5.

Valsoia SpA  (MIL:VLS) 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.


Valsoia SpA Piotroski F-Score Related Terms


Valsoia SpA Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Valsoia SpA'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.

Valsoia SpA Piotroski F-Score Chart

Valsoia SpA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 5.00 4.00 7.00 7.00

Valsoia SpA Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25
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 7.00 0.00 7.00 0.00

MIL:VLS vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Valsoia SpA'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.


Valsoia SpA Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


MIL:VLS
71GF Score
Valsoia SpA MIL:VLS
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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was €8.3 Mil.
Cash Flow from Operations was €10.2 Mil.
Revenue was €116.8 Mil.
Gross Profit was €46.7 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was (123.658 + 127.78) / 2 = €125.719 Mil.
Total Assets at the begining of this year (Dec23) was €123.7 Mil.
Long-Term Debt & Capital Lease Obligation was €5.1 Mil.
Total Current Assets was €41.7 Mil.
Total Current Liabilities was €28.1 Mil.
Net Income was €7.1 Mil.

Revenue was €112.8 Mil.
Gross Profit was €42.0 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was (124.044 + 123.658) / 2 = €123.851 Mil.
Total Assets at the begining of last year (Dec22) was €124.0 Mil.
Long-Term Debt & Capital Lease Obligation was €7.1 Mil.
Total Current Assets was €42.9 Mil.
Total Current Liabilities was €27.6 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.

Valsoia SpA's current Net Income (TTM) was 8.3. ==> 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.

Valsoia SpA's current Cash Flow from Operations (TTM) was 10.2. ==> 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 (Dec23)
=8.275/123.658
=0.06691844

ROA (Last Year)=Net Income/Total Assets (Dec22)
=7.139/124.044
=0.05755216

Valsoia SpA's return on assets of this year was 0.06691844. Valsoia SpA's return on assets of last year was 0.05755216. ==> 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.

Valsoia SpA's current Net Income (TTM) was 8.3. Valsoia SpA's current Cash Flow from Operations (TTM) was 10.2. ==> 10.2 > 8.3 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=5.06/125.719
=0.04024849

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=7.119/123.851
=0.05748036

Valsoia SpA's gearing of this year was 0.04024849. Valsoia SpA's gearing of last year was 0.05748036. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=41.679/28.138
=1.48123534

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=42.913/27.572
=1.55639779

Valsoia SpA's current ratio of this year was 1.48123534. Valsoia SpA's current ratio of last year was 1.55639779. ==> 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.

Valsoia SpA's number of shares in issue this year was 10.874. Valsoia SpA's number of shares in issue last year was 10.833. ==> 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
=46.661/116.751
=0.39966253

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=42.045/112.818
=0.37267989

Valsoia SpA's gross margin of this year was 0.39966253. Valsoia SpA's gross margin of last year was 0.37267989. ==> 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 (Dec23)
=116.751/123.658
=0.94414433

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=112.818/124.044
=0.90949985

Valsoia SpA's asset turnover of this year was 0.94414433. Valsoia SpA's asset turnover of last year was 0.90949985. ==> 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+1+1
=7

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

Valsoia SpA has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Valsoia SpA (MIL:VLS) has a Piotroski F-Score of 7 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Valsoia SpA and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, Valsoia SpA's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Valsoia SpA ranks #218 out of 1912 companies in the Consumer Packaged Goods industry, placing it in the top 11.4%.
Is Valsoia SpA's Piotroski F-Score too high?
Valsoia SpA's current Piotroski F-Score of 7 is 40% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Valsoia SpA's value of 7 is 40% above this industry median. Based on the distribution chart, Valsoia SpA ranks #218 out of 1912 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Valsoia SpA has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Valsoia SpA's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Valsoia SpA ranks #218 out of 1912 companies for Piotroski F-Score. This places Valsoia SpA in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Valsoia SpA's value of 7 is 40% above this benchmark. Historically, Valsoia SpA's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Valsoia SpA 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 1,912 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. Valsoia SpA'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 Valsoia SpA 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. Valsoia SpA's current Piotroski F-Score is 7, which is 40% 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 Valsoia SpA stock overvalued right now?
Based on GuruFocus' analysis, Valsoia SpA (MIL:VLS) is currently considered Fairly Valued. The stock's GF Value™ is €10.90, compared to a current price of €10.25 — trading 6% below its estimated fair value. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 40% above the Consumer Packaged Goods industry median of 5.00. Valsoia SpA's overall GF Score™ is 71/100 with 4 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 Valsoia SpA (MIL:VLS), the current Piotroski F-Score is 7 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 Valsoia SpA (MIL:VLS) Overvalued in 2026?

Based on GuruFocus' analysis, Valsoia SpA stock appears to be undervalued. The current stock price of €10.25 is trading 6% below its estimated GF Value™ of €10.90. GuruFocus considers Valsoia SpA to be Fairly Valued.

Key valuation signals for MIL:VLS:

  • Piotroski F-Score: 7 (40% above median its 10-year median of 5.00)
  • GF Value™: €10.90 vs. price of €10.25 (6% below fair value)
  • GF Score™: 71/100 with 4 warning signs
  • Industry Position: 40% above the Consumer Packaged Goods median (#218 of 1912)

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


Valsoia SpA Business Description

Address Via Ilio Barontini, 16/5, Bologna, BO, ITA, 40138
Valsoia SpA is a health food company. The products of the company include vegetable drinks, yoghurt plant alternatives, vegetable ice cream, vegetable desserts, cheese based alternatives, vegetable snacks, and vegetable seasonings.
71GF Score

Get the complete analysis for MIL:VLS

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

€10.25
Price
€10.90
GF Value