Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Victorias Milling CoPHS:VMC +0.52%92 Piotroski F-Score is 5 as of Aug. 11, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates PHS:VMC with a GF Score™ of 92/100 and a GF Value™ of ₱1.82 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,907 Consumer Packaged Goods companies, Victorias Milling Co ranks better than 51.28% 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
Victorias Milling Co 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 Victorias Milling Co's Piotroski F-Score or its related term are showing as below:
PHS:VMC'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 8
Current: 5
During the past 13 years, the highest Piotroski F-Score of Victorias Milling Co was 8. The lowest was 3. And the median was 6.
Victorias Milling Co (PHS:VMC) 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.
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.
Victorias Milling Co Piotroski F-Score Related Terms
Victorias Milling Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Victorias Milling Co'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.
PHS:VMC vs MDLZ, HSY, TR: Piotroski F-Score Comparison
For the Confectioners subindustry, Victorias Milling Co'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.
Victorias Milling Co Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Victorias Milling Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Victorias Milling Co's Piotroski F-Score falls into.
* 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 (May26) TTM:
Last Year (May25) TTM:
Net Income was 90.087 + 162.282 + 511.463 + 445.309 = ₱1,209 Mil. Cash Flow from Operations was 462.056 + 114.778 + 606.172 + -162.879 = ₱1,020 Mil. Revenue was 1764.427 + 3235.241 + 3376.701 + 3078.457 = ₱11,455 Mil. Gross Profit was 307.432 + 301.249 + 671.387 + 568.701 = ₱1,849 Mil.
Average Total Assets from the begining of this year (May25)
to the end of this year (May26) was
(15947.641 + 15388.065 + 16114.83 + 16470.74 + 16706.123) / 5 = ₱16125.4798 Mil. Total Assets at the begining of this year (May25) was ₱15,948 Mil. Long-Term Debt & Capital Lease Obligation was ₱0 Mil. Total Current Assets was ₱6,968 Mil. Total Current Liabilities was ₱1,702 Mil.
Net Income was 330.485 + 370.747 + 499.819 + 395.484 = ₱1,597 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.
Victorias Milling Co's current Net Income (TTM) was 1,209.
==> 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.
Victorias Milling Co's return on assets of this year was 0.07581943. Victorias Milling Co's return on assets of last year was 0.11006449.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Victorias Milling Co's gearing of this year was 0. Victorias Milling Co's gearing of last year was 0.
==> 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
Victorias Milling Co's current ratio of this year was 4.09368513. Victorias Milling Co's current ratio of last year was 3.54009341.
==> 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.
Victorias Milling Co's number of shares in issue this year was 5484.101. Victorias Milling Co's number of shares in issue last year was 5484.101.
==> 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.
Victorias Milling Co's gross margin of this year was 0.16139652. Victorias Milling Co's gross margin of last year was 0.16210232.
==> 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
Victorias Milling Co's asset turnover of this year was 0.71827714. Victorias Milling Co's asset turnover of last year was 0.84428329.
==> 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
+
0
+
1
+
1
+
1
+
0
+
0
=
5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Victorias Milling Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Victorias Milling Co (PHS:VMC) has a Piotroski F-Score of 5 as of Aug. 11, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Victorias Milling Co and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Victorias Milling Co's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Victorias Milling Co ranks #929 out of 1907 companies in the Consumer Packaged Goods industry, placing it in the top 48.7%.
Is Victorias Milling Co's Piotroski F-Score too high?
Victorias Milling Co's current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Victorias Milling Co's value of 5 is 0% at this industry median. Based on the distribution chart, Victorias Milling Co ranks #929 out of 1907 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Victorias Milling Co has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Victorias Milling Co's Piotroski F-Score compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Victorias Milling Co ranks #929 out of 1907 companies for Piotroski F-Score. This puts Victorias Milling Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Victorias Milling Co's value of 5 is 0% at this benchmark. Historically, Victorias Milling Co's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Victorias Milling Co 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,907 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. Victorias Milling Co'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 Victorias Milling Co 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. Victorias Milling Co's current Piotroski F-Score is 5, which is 17% below 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 Victorias Milling Co stock overvalued right now?
Based on GuruFocus' analysis, Victorias Milling Co (PHS:VMC) is currently considered Fairly Valued. The stock's GF Value™ is ₱1.82, compared to a current price of ₱1.95 — trading 7.1% above its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Consumer Packaged Goods industry median of 5.00. Victorias Milling Co's overall GF Score™ is 92/100 with 6 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 Victorias Milling Co (PHS:VMC), the current Piotroski F-Score is 5 as of Aug. 11, 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 Victorias Milling Co (PHS:VMC) Overvalued in 2026?
Based on GuruFocus' analysis, Victorias Milling Co stock appears to be overvalued.
The current stock price of ₱1.95 is trading 7.1% above its estimated GF Value™ of ₱1.82.
GuruFocus considers Victorias Milling Co to be Fairly Valued.
Key valuation signals for PHS:VMC:
Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
GF Value™: ₱1.82 vs. price of ₱1.95 (7.1% above fair value)
Industry Position: 0% at the Consumer Packaged Goods median (#929 of 1907)
No single metric tells the full story. See the PHS:VMC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Victorias Milling Co Inc is a Philippines-based company engaged in sugar manufacturing. The company offers milling and tolling services to planters and sells raw sugar, refined sugar, molasses, and renewable energy. The company operates through business segments that include Sugar Milling, Renewable Energy Operations, and Others. The Sugar Milling segment generates maximum revenue for the company.
92GF Score
Get the complete analysis for PHS:VMC
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
PHS:VMC has been successfully added to your 
