UL Solutions (STU:72R) Piotroski F-Score: 7 (As of Jun. 27, 2026) — Near Median


STU:72R UL Solutions Inc STU:72R
41 GF Score
Price €86.90
! 6 Warning Signs
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What is UL Solutions Piotroski F-Score?

UL Solutions STU:72R +3.58% 41 Piotroski F-Score is 7 as of Jun. 27, 2026, which is at its 10-year median of 7.00. GuruFocus rates STU:72R with a GF Score™ of 41/100. The stock has 6 warning signs investors should review. Among 1,063 Business Services companies, UL Solutions ranks better than 89.09% 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

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

STU:72R' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 9
Current: 7

During the past 7 years, the highest Piotroski F-Score of UL Solutions was 9. The lowest was 5. And the median was 7.

UL Solutions  (STU:72R) 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.


UL Solutions Piotroski F-Score Related Terms


UL Solutions Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for UL Solutions'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.

UL Solutions Piotroski F-Score Chart

UL Solutions Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A 7.00 7.00 7.00

UL Solutions Quarterly Data
Dec20 Mar21 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 8.00 8.00 7.00 7.00

STU:72R vs GPN, ARMK, CPRT: Piotroski F-Score Comparison

For the Specialty Business Services subindustry, UL Solutions'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.


UL Solutions Piotroski F-Score vs Business Services Industry

For the Business Services industry and Industrials sector, UL Solutions's Piotroski F-Score distribution charts can be found below:

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


STU:72R
41GF Score
UL Solutions Inc STU:72R
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 78.897 + 85.2 + 56.364 + 79.58 = €300 Mil.
Cash Flow from Operations was 127.449 + 132.06 + 122.976 + 189.435 = €572 Mil.
Revenue was 672.792 + 667.116 + 673.806 + 655.67 = €2,669 Mil.
Gross Profit was 332.061 + 335.688 + 336.476 + 329.565 = €1,334 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2662.15 + 2533.374 + 2469.096 + 2494.534 + 2556.075) / 5 = €2543.0458 Mil.
Total Assets at the begining of this year (Mar25) was €2,662 Mil.
Long-Term Debt & Capital Lease Obligation was €431 Mil.
Total Current Assets was €906 Mil.
Total Current Liabilities was €778 Mil.
Net Income was 93.829 + 79.288 + 77.355 + 61.975 = €312 Mil.

Revenue was 678.17 + 658.631 + 705.745 + 652.125 = €2,695 Mil.
Gross Profit was 340.014 + 322.558 + 333.295 + 315.425 = €1,311 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2593.48 + 2547.318 + 2592.177 + 2674 + 2662.15) / 5 = €2613.825 Mil.
Total Assets at the begining of last year (Mar24) was €2,593 Mil.
Long-Term Debt & Capital Lease Obligation was €743 Mil.
Total Current Assets was €923 Mil.
Total Current Liabilities was €744 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.

UL Solutions's current Net Income (TTM) was 300. ==> 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.

UL Solutions's current Cash Flow from Operations (TTM) was 572. ==> 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)
=300.041/2662.15
=0.11270627

ROA (Last Year)=Net Income/Total Assets (Mar24)
=312.447/2593.48
=0.12047403

UL Solutions's return on assets of this year was 0.11270627. UL Solutions's return on assets of last year was 0.12047403. ==> 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.

UL Solutions's current Net Income (TTM) was 300. UL Solutions's current Cash Flow from Operations (TTM) was 572. ==> 572 > 300 ==> 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
=430.77/2543.0458
=0.16939137

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=742.775/2613.825
=0.28417166

UL Solutions's gearing of this year was 0.16939137. UL Solutions's gearing of last year was 0.28417166. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=905.655/777.635
=1.16462736

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=923.15/743.7
=1.24129353

UL Solutions's current ratio of this year was 1.16462736. UL Solutions's current ratio of last year was 1.24129353. ==> 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.

UL Solutions's number of shares in issue this year was 204. UL Solutions's number of shares in issue last year was 203. ==> 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
=1333.79/2669.384
=0.49966209

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1311.292/2694.671
=0.48662416

UL Solutions's gross margin of this year was 0.49966209. UL Solutions's gross margin of last year was 0.48662416. ==> 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 (Mar25)
=2669.384/2662.15
=1.00271735

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2694.671/2593.48
=1.03901746

UL Solutions's asset turnover of this year was 1.00271735. UL Solutions's asset turnover of last year was 1.03901746. ==> 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

UL Solutions 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 7 mean?
UL Solutions (STU:72R) has a Piotroski F-Score of 7 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on UL Solutions and its competitors. This is near median its historical median of 7.00. Over the past decade, UL Solutions' Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, UL Solutions ranks #116 out of 1063 companies in the Business Services industry, placing it in the top 10.9%.
Is UL Solutions' Piotroski F-Score too high?
UL Solutions' current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 9.00. The Business Services industry median Piotroski F-Score is 5.00. UL Solutions' value of 7 is 40% above this industry median. Based on the distribution chart, UL Solutions ranks #116 out of 1063 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, UL Solutions has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does UL Solutions' Piotroski F-Score compare to GPN and ARMK?
According to the Business Services industry distribution chart, UL Solutions ranks #116 out of 1063 companies for Piotroski F-Score. This places UL Solutions in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. UL Solutions' value of 7 is 40% above this benchmark. Historically, UL Solutions' own Piotroski F-Score has ranged from 5.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, UL Solutions 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,063 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. UL Solutions'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 UL Solutions and its competitors. For the Business Services 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. UL Solutions's current Piotroski F-Score is 7, which is near 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 UL Solutions stock overvalued right now?
UL Solutions (STU:72R) has a current Piotroski F-Score of 7. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Business Services industry median of 5.00. UL Solutions' overall GF Score™ is 41/100 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 UL Solutions (STU:72R), the current Piotroski F-Score is 7 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.

UL Solutions Business Description

Other Exchanges ULS:USA72R:Germany
Address 333 Pfingsten Road, Northbrook, IL, USA, 60062
UL Solutions is a global leader specializing in a broad range of product testing, inspection, and certification services. UL Solutions is the for-profit branch out of three organizations under the UL Enterprise. TIC operations make up nearly all of UL Solutions' total revenue and are composed of two segments: industrial and consumer. UL Solutions' remaining business includes software and advisory, which complements its core TIC offerings. The firm operates globally.
41GF Score

Get the complete analysis for STU:72R

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

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