United Breweries Co (STU:CVU) Piotroski F-Score: 4 (As of Aug. 26, 2026) — 20% Below Median

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STU:CVU United Breweries Co Inc STU:CVU
80 GF Score
Price €10.70
GF Value €12.65
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is United Breweries Co Piotroski F-Score?

United Breweries Co STU:CVU -0.93% 80 Piotroski F-Score is 4 as of Aug. 26, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates STU:CVU with a GF Score™ of 80/100 and a GF Value™ of €12.65 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 207 Beverages - Alcoholic companies, United Breweries Co ranks worse than 61.35% 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

United Breweries 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 United Breweries Co's Piotroski F-Score or its related term are showing as below:

STU:CVU' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 9
Current: 4

During the past 13 years, the highest Piotroski F-Score of United Breweries Co was 9. The lowest was 3. And the median was 5.

United Breweries Co  (STU:CVU) 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.


United Breweries Co Piotroski F-Score Related Terms


United Breweries Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for United Breweries 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.

United Breweries Co Piotroski F-Score Chart

United Breweries Co 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 7.00 4.00 6.00 7.00 5.00

United Breweries Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 9.00 5.00 4.00 4.00

STU:CVU vs STZ, TAP: Piotroski F-Score Comparison

For the Beverages - Brewers subindustry, United Breweries 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.


United Breweries Co Piotroski F-Score vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, United Breweries Co's Piotroski F-Score distribution charts can be found below:

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


STU:CVU
80GF Score
United Breweries Co Inc STU:CVU
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 (Jun26) TTM:Last Year (Jun25) TTM:
Net Income was 13.757 + 51.482 + 51.039 + -19.856 = €96 Mil.
Cash Flow from Operations was 13.383 + 117.555 + 165.154 + -8.887 = €287 Mil.
Revenue was 584.704 + 797.438 + 776.647 + 582.67 = €2,741 Mil.
Gross Profit was 248.516 + 366.889 + 367.252 + 242.376 = €1,225 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(3249.144 + 3193.882 + 3406.289 + 3549.436 + 3321.059) / 5 = €3343.962 Mil.
Total Assets at the begining of this year (Jun25) was €3,249 Mil.
Long-Term Debt & Capital Lease Obligation was €1,044 Mil.
Total Current Assets was €1,159 Mil.
Total Current Liabilities was €629 Mil.
Net Income was 28.754 + 71.924 + 57.324 + -10.376 = €148 Mil.

Revenue was 647.932 + 938.986 + 811.244 + 536.364 = €2,935 Mil.
Gross Profit was 280.538 + 449.168 + 379.178 + 219.046 = €1,328 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(3594.68 + 3561.159 + 3869.82 + 3883.348 + 3249.144) / 5 = €3631.6302 Mil.
Total Assets at the begining of last year (Jun24) was €3,595 Mil.
Long-Term Debt & Capital Lease Obligation was €1,020 Mil.
Total Current Assets was €1,280 Mil.
Total Current Liabilities was €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.

United Breweries Co's current Net Income (TTM) was 96. ==> 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.

United Breweries Co's current Cash Flow from Operations (TTM) was 287. ==> 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 (Jun25)
=96.422/3249.144
=0.02967612

ROA (Last Year)=Net Income/Total Assets (Jun24)
=147.626/3594.68
=0.04106791

United Breweries Co's return on assets of this year was 0.02967612. United Breweries Co's return on assets of last year was 0.04106791. ==> 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.

United Breweries Co's current Net Income (TTM) was 96. United Breweries Co's current Cash Flow from Operations (TTM) was 287. ==> 287 > 96 ==> 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: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun25 to Jun26
=1043.572/3343.962
=0.31207651

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=1019.7/3631.6302
=0.28078299

United Breweries Co's gearing of this year was 0.31207651. United Breweries Co's gearing of last year was 0.28078299. ==> 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: Jun26)=Total Current Assets/Total Current Liabilities
=1159.212/628.829
=1.84344552

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=1280.212/597.014
=2.14435842

United Breweries Co's current ratio of this year was 1.84344552. United Breweries Co's current ratio of last year was 2.14435842. ==> 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.

United Breweries Co's number of shares in issue this year was 184.751. United Breweries Co's number of shares in issue last year was 184.751. ==> 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
=1225.033/2741.459
=0.44685439

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1327.93/2934.526
=0.45251942

United Breweries Co's gross margin of this year was 0.44685439. United Breweries Co's gross margin of last year was 0.45251942. ==> 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 (Jun25)
=2741.459/3249.144
=0.84374808

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=2934.526/3594.68
=0.8163525

United Breweries Co's asset turnover of this year was 0.84374808. United Breweries Co's asset turnover of last year was 0.8163525. ==> This year's asset turnover is higher. ==> Score 1.

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+0+1+0+1
=5

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

United Breweries Co 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 4 mean?
United Breweries Co (STU:CVU) has a Piotroski F-Score of 4 as of Aug. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on United Breweries Co and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, United Breweries Co's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, United Breweries Co ranks #127 out of 207 companies in the Beverages - Alcoholic industry, placing it in the top 61.4%.
Is United Breweries Co's Piotroski F-Score too high?
United Breweries Co's current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Beverages - Alcoholic industry median Piotroski F-Score is 5.00. United Breweries Co's value of 4 is 20% below this industry median. Based on the distribution chart, United Breweries Co ranks #127 out of 207 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, United Breweries Co has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does United Breweries Co's Piotroski F-Score compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, United Breweries Co ranks #127 out of 207 companies for Piotroski F-Score. This places United Breweries Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. United Breweries Co's value of 4 is 20% below this benchmark. Historically, United Breweries Co's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, United Breweries 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 Beverages - Alcoholic company?
The median Piotroski F-Score among Beverages - Alcoholic companies is 5.00, based on 207 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. United Breweries 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 United Breweries Co and its competitors. For the Beverages - Alcoholic 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. United Breweries Co's current Piotroski F-Score is 4, which is 20% below median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Breweries Co stock overvalued right now?
Based on GuruFocus' analysis, United Breweries Co (STU:CVU) is currently considered Modestly Undervalued. The stock's GF Value™ is €12.65, compared to a current price of €10.70 — trading 15.4% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Beverages - Alcoholic industry median of 5.00. United Breweries Co's overall GF Score™ is 80/100 with 7 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 United Breweries Co (STU:CVU), the current Piotroski F-Score is 4 as of Aug. 26, 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 United Breweries Co (STU:CVU) Overvalued in 2026?

Based on GuruFocus' analysis, United Breweries Co stock appears to be undervalued. The current stock price of €10.70 is trading 15.4% below its estimated GF Value™ of €12.65. GuruFocus considers United Breweries Co to be Modestly Undervalued.

Key valuation signals for STU:CVU:

  • Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
  • GF Value™: €12.65 vs. price of €10.70 (15.4% below fair value)
  • GF Score™: 80/100 with 7 warning signs
  • Industry Position: 20% below the Beverages - Alcoholic median (#127 of 207)

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


United Breweries Co Business Description

Other Exchanges CCU:USACVU:GermanyCCU:Chile
Address Avenida Vitacura N 2670, Twenty-Third Floor, Santiago, CHL
United Breweries Co Inc is a multi-category beverage company with operations in Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay. The company is a player in each one of the beverage categories in which it participates in Chile, including beer, soft drinks, mineral and bottled water, juice, wine, cider and pisco, among others. The Company has three operating segment with respect to its revenues in the geographic areas of commercial activity: Chile; International business and Wine. It generates maximum revenue from Chile.
80GF Score

Get the complete analysis for STU:CVU

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

€10.70
Price
€12.65
GF Value