Nomad Foods (STU:0NH) Piotroski F-Score: 6 (As of Jun. 27, 2026) — 14% Below Median


STU:0NH Nomad Foods Ltd STU:0NH
60 GF Score
Price €9.70
GF Value €18.05
Valuation Possible Value Trap
! 4 Warning Signs
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What is Nomad Foods Piotroski F-Score?

Nomad Foods STU:0NH +4.86% 60 Piotroski F-Score is 6 as of Jun. 27, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates STU:0NH with a GF Score™ of 60/100 and a GF Value™ of €18.05 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,911 Consumer Packaged Goods companies, Nomad Foods ranks better than 73.47% 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

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

STU:0NH' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Nomad Foods was 8. The lowest was 4. And the median was 7.

Nomad Foods  (STU:0NH) 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.


Nomad Foods Piotroski F-Score Related Terms


Nomad Foods Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Nomad Foods'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.

Nomad Foods Piotroski F-Score Chart

Nomad Foods Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 7.00 7.00 7.00 5.00

Nomad Foods Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 7.00 7.00 4.00 5.00 6.00

STU:0NH vs JJSF, HLF, FLO: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Nomad Foods'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.


Nomad Foods Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


STU:0NH
60GF Score
Nomad Foods Ltd STU:0NH
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 57.1 + 57.6 + -10.7 + 28.9 = €133 Mil.
Cash Flow from Operations was 69.6 + 54 + 156.5 + 38.3 = €318 Mil.
Revenue was 746.9 + 752.4 + 773.1 + 715.2 = €2,988 Mil.
Gross Profit was 206.3 + 207.4 + 197.7 + 183.6 = €795 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(6400.7 + 6376.1 + 6313.1 + 6335 + 6339.2) / 5 = €6352.82 Mil.
Total Assets at the begining of this year (Mar25) was €6,401 Mil.
Long-Term Debt & Capital Lease Obligation was €2,266 Mil.
Total Current Assets was €1,154 Mil.
Total Current Liabilities was €1,084 Mil.
Net Income was 70.9 + 70.3 + 51.4 + 32.7 = €225 Mil.

Revenue was 753.1 + 769.6 + 793.4 + 760.1 = €3,076 Mil.
Gross Profit was 232.8 + 248.2 + 225.9 + 211.6 = €919 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(6461.7 + 6419 + 6480 + 6431.6 + 6400.7) / 5 = €6438.6 Mil.
Total Assets at the begining of last year (Mar24) was €6,462 Mil.
Long-Term Debt & Capital Lease Obligation was €2,124 Mil.
Total Current Assets was €1,220 Mil.
Total Current Liabilities was €1,148 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.

Nomad Foods's current Net Income (TTM) was 133. ==> 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.

Nomad Foods's current Cash Flow from Operations (TTM) was 318. ==> 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 (Mar25)
=132.9/6400.7
=0.02076335

ROA (Last Year)=Net Income/Total Assets (Mar24)
=225.3/6461.7
=0.03486699

Nomad Foods's return on assets of this year was 0.02076335. Nomad Foods's return on assets of last year was 0.03486699. ==> 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.

Nomad Foods's current Net Income (TTM) was 133. Nomad Foods's current Cash Flow from Operations (TTM) was 318. ==> 318 > 133 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=2266.1/6352.82
=0.35670773

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=2123.8/6438.6
=0.32985432

Nomad Foods's gearing of this year was 0.35670773. Nomad Foods's gearing of last year was 0.32985432. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=1154.1/1084.3
=1.06437333

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1219.5/1148.2
=1.0620972

Nomad Foods's current ratio of this year was 1.06437333. Nomad Foods's current ratio of last year was 1.0620972. ==> 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.

Nomad Foods's number of shares in issue this year was 142. Nomad Foods's number of shares in issue last year was 154.8. ==> 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
=795/2987.6
=0.26609988

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=918.5/3076.2
=0.29858267

Nomad Foods's gross margin of this year was 0.26609988. Nomad Foods's gross margin of last year was 0.29858267. ==> 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 (Mar25)
=2987.6/6400.7
=0.46676145

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=3076.2/6461.7
=0.47606667

Nomad Foods's asset turnover of this year was 0.46676145. Nomad Foods's asset turnover of last year was 0.47606667. ==> 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+0+1+1+0+0
=5

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

Nomad Foods has an F-score of 5 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 6 mean?
Nomad Foods (STU:0NH) has a Piotroski F-Score of 6 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Nomad Foods and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Nomad Foods' Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Nomad Foods ranks #507 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 26.5%.
Is Nomad Foods' Piotroski F-Score too high?
Nomad Foods' current Piotroski F-Score of 6 is 14% below 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 Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Nomad Foods' value of 6 is 20% above this industry median. Based on the distribution chart, Nomad Foods ranks #507 out of 1911 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Nomad Foods has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Nomad Foods' Piotroski F-Score compare to JJSF and HLF?
According to the Consumer Packaged Goods industry distribution chart, Nomad Foods ranks #507 out of 1911 companies for Piotroski F-Score. This puts Nomad Foods in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Nomad Foods' value of 6 is 20% above this benchmark. Historically, Nomad Foods' 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, Nomad Foods 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 1,911 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. Nomad Foods's current Piotroski F-Score of 6 is 20% 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 Nomad Foods 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. Nomad Foods's current Piotroski F-Score is 6, which is 14% below 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 Nomad Foods stock overvalued right now?
Based on GuruFocus' analysis, Nomad Foods (STU:0NH) is currently considered Possible Value Trap. The stock's GF Value™ is €18.05, compared to a current price of €9.70 — trading 46.3% below its estimated fair value. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Consumer Packaged Goods industry median of 5.00. Nomad Foods' overall GF Score™ is 60/100 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 Nomad Foods (STU:0NH), the current Piotroski F-Score is 6 as of Jun. 27, 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 Nomad Foods (STU:0NH) Overvalued in 2026?

Based on GuruFocus' analysis, Nomad Foods stock appears to be undervalued. The current stock price of €9.70 is trading 46.3% below its estimated GF Value™ of €18.05. GuruFocus considers Nomad Foods to be Possible Value Trap.

Key valuation signals for STU:0NH:

  • Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
  • GF Value™: €18.05 vs. price of €9.70 (46.3% below fair value)
  • GF Score™: 60/100 with 4 warning signs
  • Industry Position: 20% above the Consumer Packaged Goods median (#507 of 1911)

No single metric tells the full story. See the STU:0NH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nomad Foods Business Description

Address 43 Church Street West, Woking, GBR, GU21 6HT
Nomad Foods Ltd is a packaged foods company that is involved in the business of manufacturing and distributing branded frozen foods in Western Europe. The company manufactures and markets frozen food products such as fish, vegetables, poultry, Ice Cream, and ready meals like pizza. It sells its products through large grocery retailers under the brand Birds Eye in the United Kingdom and Ireland, Findus in Italy, France, Spain, and Iglo in Germany and other continental markets. The company operates through a single segment being Frozen. The majority of the revenue is generated from the United Kingdom.
60GF Score

Get the complete analysis for STU:0NH

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

€9.70
Price
€18.05
GF Value