SMPL (The Simply Good Foods Co) Piotroski F-Score: 4 (As of Aug. 01, 2026) — 33% Below Median

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SMPL The Simply Good Foods Co SMPL
59 GF Score
Price $10.19
GF Value $39.03
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is The Simply Good Foods Co Piotroski F-Score?

The Simply Good Foods Co SMPL -1.78% 59 Piotroski F-Score is 4 as of Aug. 01, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates SMPL with a GF Score™ of 59/100 and a GF Value™ of $39.03 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,911 Consumer Packaged Goods companies, The Simply Good Foods Co ranks worse than 67.4% 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

The Simply Good Foods Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for The Simply Good Foods Co's Piotroski F-Score or its related term are showing as below:

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

During the past 9 years, the highest Piotroski F-Score of The Simply Good Foods Co was 8. The lowest was 4. And the median was 6.

The Simply Good Foods Co  (NAS:SMPL) 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.


The Simply Good Foods Co Piotroski F-Score Related Terms


The Simply Good Foods Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for The Simply Good Foods 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.

The Simply Good Foods Co Piotroski F-Score Chart

The Simply Good Foods Co Annual Data
Trend Aug16 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 6.00 7.00 8.00 6.00 5.00

The Simply Good Foods Co Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 5.00 5.00 5.00 4.00 4.00

SMPL vs JBSS, MAMA, WEST: Piotroski F-Score Comparison

For the Packaged Foods subindustry, The Simply Good Foods 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.


The Simply Good Foods Co Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The Simply Good Foods Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where The Simply Good Foods Co's Piotroski F-Score falls into.


SMPL
59GF Score
The Simply Good Foods Co SMPL
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 (May26) TTM:Last Year (May25) TTM:
Net Income was -12.357 + 25.269 + -159.698 + -51.972 = $-199 Mil.
Cash Flow from Operations was 45.37 + 50.094 + 8.1 + 43.976 = $148 Mil.
Revenue was 369.041 + 340.198 + 326.013 + 356.983 = $1,392 Mil.
Gross Profit was 126.605 + 109.9 + 103.033 + 116.099 = $456 Mil.
Average Total Assets from the begining of this year (May25)
to the end of this year (May26) was
(2430.388 + 2396.045 + 2450.627 + 2125.704 + 2062.444) / 5 = $2293.0416 Mil.
Total Assets at the begining of this year (May25) was $2,430 Mil.
Long-Term Debt & Capital Lease Obligation was $440 Mil.
Total Current Assets was $464 Mil.
Total Current Liabilities was $97 Mil.
Net Income was 29.291 + 38.122 + 36.747 + 41.102 = $145 Mil.

Revenue was 375.687 + 341.268 + 359.655 + 380.956 = $1,458 Mil.
Gross Profit was 145.952 + 130.486 + 130.137 + 138.519 = $545 Mil.
Average Total Assets from the begining of last year (May24)
to the end of last year (May25) was
(2185.63 + 2436.144 + 2434.437 + 2427.18 + 2430.388) / 5 = $2382.7558 Mil.
Total Assets at the begining of last year (May24) was $2,186 Mil.
Long-Term Debt & Capital Lease Obligation was $249 Mil.
Total Current Assets was $437 Mil.
Total Current Liabilities was $111 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.

The Simply Good Foods Co's current Net Income (TTM) was -199. ==> Negative ==> Score 0.

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.

The Simply Good Foods Co's current Cash Flow from Operations (TTM) was 148. ==> 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 (May25)
=-198.758/2430.388
=-0.08178036

ROA (Last Year)=Net Income/Total Assets (May24)
=145.262/2185.63
=0.0664623

The Simply Good Foods Co's return on assets of this year was -0.08178036. The Simply Good Foods Co's return on assets of last year was 0.0664623. ==> 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.

The Simply Good Foods Co's current Net Income (TTM) was -199. The Simply Good Foods Co's current Cash Flow from Operations (TTM) was 148. ==> 148 > -199 ==> 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: May26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May25 to May26
=440.489/2293.0416
=0.19209813

Gearing (Last Year: May25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May24 to May25
=248.92/2382.7558
=0.10446727

The Simply Good Foods Co's gearing of this year was 0.19209813. The Simply Good Foods Co's gearing of last year was 0.10446727. ==> Last year is lower than this year ==> Score 0.

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: May26)=Total Current Assets/Total Current Liabilities
=464.138/96.778
=4.79590403

Current Ratio (Last Year: May25)=Total Current Assets/Total Current Liabilities
=436.939/110.72
=3.94634212

The Simply Good Foods Co's current ratio of this year was 4.79590403. The Simply Good Foods Co's current ratio of last year was 3.94634212. ==> 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.

The Simply Good Foods Co's number of shares in issue this year was 89.941. The Simply Good Foods Co's number of shares in issue last year was 101.636. ==> 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
=455.637/1392.235
=0.32727018

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=545.094/1457.566
=0.37397552

The Simply Good Foods Co's gross margin of this year was 0.32727018. The Simply Good Foods Co's gross margin of last year was 0.37397552. ==> 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 (May25)
=1392.235/2430.388
=0.57284475

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (May24)
=1457.566/2185.63
=0.66688598

The Simply Good Foods Co's asset turnover of this year was 0.57284475. The Simply Good Foods Co's asset turnover of last year was 0.66688598. ==> 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
=0+1+0+1+0+1+1+0+0
=4

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

The Simply Good Foods Co has an F-score of 4 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 4 mean?
The Simply Good Foods Co (SMPL) has a Piotroski F-Score of 4 as of Aug. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on The Simply Good Foods Co and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, The Simply Good Foods Co's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, The Simply Good Foods Co ranks #1288 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 67.4%.
Is The Simply Good Foods Co's Piotroski F-Score too high?
The Simply Good Foods Co's current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. The Simply Good Foods Co's value of 4 is 20% below this industry median. Based on the distribution chart, The Simply Good Foods Co ranks #1288 out of 1911 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, The Simply Good Foods Co has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does The Simply Good Foods Co's Piotroski F-Score compare to JBSS and MAMA?
According to the Consumer Packaged Goods industry distribution chart, The Simply Good Foods Co ranks #1288 out of 1911 companies for Piotroski F-Score. This places The Simply Good Foods Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. The Simply Good Foods Co's value of 4 is 20% below this benchmark. Historically, The Simply Good Foods Co'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 6.00 vs. the industry median of 5.00, The Simply Good Foods Co has consistently been below 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 1,911 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. The Simply Good Foods Co's current Piotroski F-Score of 4 is 20% below 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 The Simply Good Foods 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. The Simply Good Foods Co's current Piotroski F-Score is 4, which is 33% 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 The Simply Good Foods Co stock overvalued right now?
Based on GuruFocus' analysis, The Simply Good Foods Co (SMPL) is currently considered Possible Value Trap. The stock's GF Value™ is $39.03, compared to a current price of $10.19 — trading 73.9% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Consumer Packaged Goods industry median of 5.00. The Simply Good Foods Co's overall GF Score™ is 59/100 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 The Simply Good Foods Co (SMPL), the current Piotroski F-Score is 4 as of Aug. 01, 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 The Simply Good Foods Co (SMPL) Overvalued in 2026?

Based on GuruFocus' analysis, The Simply Good Foods Co stock appears to be undervalued. The current stock price of $10.19 is trading 73.9% below its estimated GF Value™ of $39.03. GuruFocus considers The Simply Good Foods Co to be Possible Value Trap.

Key valuation signals for SMPL:

  • Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
  • GF Value™: $39.03 vs. price of $10.19 (73.9% below fair value)
  • GF Score™: 59/100 with 3 warning signs
  • Industry Position: 20% below the Consumer Packaged Goods median (#1288 of 1911)

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


The Simply Good Foods Co Business Description

Other Exchanges 76L:GermanyS2MP34:Brazil
Address 1225, 17th Street, Suite 1000, Denver, CO, USA, 80202
The Simply Good Foods Co Company is a consumer packaged food and beverage company that develops, markets, and sells protein bars, ready-to-drink protein shakes, sweet and salty snacks, and confectionery products under the Quest, Atkins, and OWYN brands. The products target consumers seeking protein-rich foods with limited sugars and carbohydrates, with OWYN offering plant-based and allergen-tested options. The company distributes mainly in North America through grocery, club, mass merchandise, e-commerce, and specialty channels. It operates two segments: Quest and Atkins, and OWYN. The company operates in North America and internationally, with the majority of revenue coming from North America.
59GF Score

Get the complete analysis for SMPL

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

$10.19
Price
$39.03
GF Value