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Greif (GEF) Piotroski F-Score : 5 (As of Jul. 07, 2025)


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What is Greif Piotroski F-Score?

The zones of discrimination were as such:

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

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

GEF' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Greif was 8. The lowest was 4. And the median was 6.


Greif Piotroski F-Score Historical Data

The historical data trend for Greif'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.

* Premium members only.

Greif Piotroski F-Score Chart

Greif Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 6.00 8.00 7.00 4.00

Greif Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
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 4.00 4.00 4.00 5.00 5.00

Competitive Comparison of Greif's Piotroski F-Score

For the Packaging & Containers subindustry, Greif'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.


Greif's Piotroski F-Score Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Greif's Piotroski F-Score distribution charts can be found below:

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


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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 (Apr25) TTM:Last Year (Apr24) TTM:
Net Income was 87.1 + 70.1 + 8.6 + 47.3 = $213 Mil.
Cash Flow from Operations was 76.8 + 187.2 + -30.8 + 136.4 = $370 Mil.
Revenue was 1454.2 + 1417.1 + 1265.8 + 1385.7 = $5,523 Mil.
Gross Profit was 290.4 + 288.7 + 245.5 + 319.5 = $1,144 Mil.
Average Total Assets from the begining of this year (Apr24)
to the end of this year (Apr25) was
(6828.8 + 6834.9 + 6647.6 + 6585.7 + 6754.4) / 5 = $6730.28 Mil.
Total Assets at the begining of this year (Apr24) was $6,829 Mil.
Long-Term Debt & Capital Lease Obligation was $2,529 Mil.
Total Current Assets was $1,754 Mil.
Total Current Liabilities was $1,386 Mil.
Net Income was 90.3 + 67.8 + 67.2 + 44.4 = $270 Mil.

Revenue was 1330.3 + 1308.4 + 1205.8 + 1371 = $5,216 Mil.
Gross Profit was 307 + 275.7 + 221.6 + 270.1 = $1,074 Mil.
Average Total Assets from the begining of last year (Apr23)
to the end of last year (Apr24) was
(5911.5 + 5873.5 + 5960.8 + 5969.1 + 6828.8) / 5 = $6108.74 Mil.
Total Assets at the begining of last year (Apr23) was $5,912 Mil.
Long-Term Debt & Capital Lease Obligation was $3,098 Mil.
Total Current Assets was $1,614 Mil.
Total Current Liabilities was $1,026 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.

Greif's current Net Income (TTM) was 213. ==> 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.

Greif's current Cash Flow from Operations (TTM) was 370. ==> 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 (Apr24)
=213.1/6828.8
=0.03120607

ROA (Last Year)=Net Income/Total Assets (Apr23)
=269.7/5911.5
=0.04562294

Greif's return on assets of this year was 0.03120607. Greif's return on assets of last year was 0.04562294. ==> 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.

Greif's current Net Income (TTM) was 213. Greif's current Cash Flow from Operations (TTM) was 370. ==> 370 > 213 ==> 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: Apr25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr24 to Apr25
=2529.1/6730.28
=0.37577931

Gearing (Last Year: Apr24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr23 to Apr24
=3097.5/6108.74
=0.50706038

Greif's gearing of this year was 0.37577931. Greif's gearing of last year was 0.50706038. ==> 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: Apr25)=Total Current Assets/Total Current Liabilities
=1754.4/1385.8
=1.26598355

Current Ratio (Last Year: Apr24)=Total Current Assets/Total Current Liabilities
=1614.2/1026.4
=1.57268122

Greif's current ratio of this year was 1.26598355. Greif's current ratio of last year was 1.57268122. ==> 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.

Greif's number of shares in issue this year was 58.219. Greif's number of shares in issue last year was 57.915. ==> 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
=1144.1/5522.8
=0.20715941

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1074.4/5215.5
=0.20600134

Greif's gross margin of this year was 0.20715941. Greif's gross margin of last year was 0.20600134. ==> 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 (Apr24)
=5522.8/6828.8
=0.80875117

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Apr23)
=5215.5/5911.5
=0.88226338

Greif's asset turnover of this year was 0.80875117. Greif's asset turnover of last year was 0.88226338. ==> 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+0+1+0
=5

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

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

Greif  (NYSE:GEF) 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.


Greif Piotroski F-Score Related Terms

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Greif Business Description

Traded in Other Exchanges
Address
425 Winter Road, Delaware, OH, USA, 43015
Greif Inc is a producer of industrial packaging products and services with manufacturing facilities located in many countries. It offers a comprehensive line of rigid industrial packaging products, such as steel, fiber, and plastic drums, rigid intermediate bulk containers, closure systems for industrial packaging products, transit protection products, water bottles and remanufactured and reconditioned industrial containers, and services, such as container life cycle management, blending, filling, logistics, warehousing, and other packaging services. The company operates in three reportable business segments including Global Industrial Packaging, Paper Packaging and Services, and Land Management. It operates in USA, Europe, Middle East, Africa and Asia and Other Americas.
Executives
Miller Frank Calhoun V director 425 WINTER ROAD, DELAWARE OH 43015
Vivian Bouet officer: VP Chief Inf & Digital Officer 425 WINTER ROAD, DELAWARE OH 43015
Patrick Gerard Mullaney officer: SVP, Pres. Global Industrial P 425 WINTER ROAD, DELAWARE OH 43015
Roel Vestjens director C/O BELDEN INC., 1 N. BRENTWOOD BLVD., 15TH FLOOR, SAINT LOUIS MO 63105
Anthony John Krabill officer: Corporate Treasurer 425 WINTER ROAD, DELAWARE OH 43015
Michael Joseph Taylor officer: Corporate Controller 425 WINTER ROAD, DELAWARE OH 43015
Matthew Douglas Eichmann officer: VP, Chief Mktg & Sust. Officer 425 WINTER ROAD, DELAWARE OH 43015
Kimberly Thompson Scott director 425 WINTER ROAD, DELAWARE OH 43015
Karen Morrison director 425 WINTER ROAD, DELAWARE OH 43015
Tina R. Schoner officer: SVP Chief Supply Chain Officer 425 WINTER RD., DELAWARE OH 43015
Kimberly Anne Kellermann officer: SVP, Global Operations Group 425 WINTER ROAD, DELAWARE OH 43015
Nicholas Joseph Petitti 10 percent owner 200 CIVIC CENTER DRIVE, SUITE 1200, COLUMBUS OH 43215
Robert M Patterson director 33587 WALKER ROAD, AVON LAKE OH 44012
Bala Sathyanarayanan officer: SVP, Chief Human Resources Off 425 WINTER RD., DELAWARE OH 43015
Vicki L Avril director 604 KENMARE DRIVE, BURR RIDGE IL 60527