United Utilities Group (STU:UUEC) Piotroski F-Score: 8 (As of Jun. 28, 2026) — 33% Above Median


STU:UUEC United Utilities Group PLC STU:UUEC
80 GF Score
Price €15.15
GF Value €16.41
Valuation Fairly Valued
! 5 Warning Signs
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What is United Utilities Group Piotroski F-Score?

United Utilities Group STU:UUEC +0.60% 80 Piotroski F-Score is 8 as of Jun. 28, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates STU:UUEC with a GF Score™ of 80/100 and a GF Value™ of €16.41 (Fairly Valued). The stock has 5 warning signs investors should review. Among 492 Utilities - Regulated companies, United Utilities Group ranks better than 97.56% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

United Utilities Group has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for United Utilities Group's Piotroski F-Score or its related term are showing as below:

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

During the past 13 years, the highest Piotroski F-Score of United Utilities Group was 8. The lowest was 4. And the median was 6.

United Utilities Group  (STU:UUEC) 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 Utilities Group Piotroski F-Score Related Terms


United Utilities Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for United Utilities Group'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 Utilities Group Piotroski F-Score Chart

United Utilities Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 5.00 7.00 6.00 8.00

United Utilities Group Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.00 6.00 0.00 8.00

STU:UUEC vs AWK, WTRG, AWR: Piotroski F-Score Comparison

For the Utilities - Regulated Water subindustry, United Utilities Group'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 Utilities Group Piotroski F-Score vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, United Utilities Group's Piotroski F-Score distribution charts can be found below:

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


STU:UUEC
80GF Score
United Utilities Group PLC STU:UUEC
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 €677 Mil.
Cash Flow from Operations was €1,594 Mil.
Revenue was €3,017 Mil.
Gross Profit was €2,833 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (20041.069 + 20906.473) / 2 = €20473.771 Mil.
Total Assets at the begining of this year (Mar25) was €20,041 Mil.
Long-Term Debt & Capital Lease Obligation was €13,053 Mil.
Total Current Assets was €2,565 Mil.
Total Current Liabilities was €1,006 Mil.
Net Income was €316 Mil.

Revenue was €2,564 Mil.
Gross Profit was €2,391 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (18298.765 + 20041.069) / 2 = €19169.917 Mil.
Total Assets at the begining of last year (Mar24) was €18,299 Mil.
Long-Term Debt & Capital Lease Obligation was €12,341 Mil.
Total Current Assets was €2,490 Mil.
Total Current Liabilities was €1,286 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 Utilities Group's current Net Income (TTM) was 677. ==> 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 Utilities Group's current Cash Flow from Operations (TTM) was 1,594. ==> 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)
=676.776/20041.069
=0.03376946

ROA (Last Year)=Net Income/Total Assets (Mar24)
=316.34/18298.765
=0.01728751

United Utilities Group's return on assets of this year was 0.03376946. United Utilities Group's return on assets of last year was 0.01728751. ==> This year is higher. ==> Score 1.

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 Utilities Group's current Net Income (TTM) was 677. United Utilities Group's current Cash Flow from Operations (TTM) was 1,594. ==> 1,594 > 677 ==> 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
=13052.735/20473.771
=0.63753448

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=12341.101/19169.917
=0.64377436

United Utilities Group's gearing of this year was 0.63753448. United Utilities Group's gearing of last year was 0.64377436. ==> 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
=2564.552/1005.822
=2.5497076

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2490.449/1285.798
=1.93688978

United Utilities Group's current ratio of this year was 2.5497076. United Utilities Group's current ratio of last year was 1.93688978. ==> 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.

United Utilities Group's number of shares in issue this year was 683.6. United Utilities Group's number of shares in issue last year was 683.6. ==> 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
=2832.587/3017.466
=0.93873038

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2391.495/2563.708
=0.93282659

United Utilities Group's gross margin of this year was 0.93873038. United Utilities Group's gross margin of last year was 0.93282659. ==> 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)
=3017.466/20041.069
=0.15056412

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2563.708/18298.765
=0.14010279

United Utilities Group's asset turnover of this year was 0.15056412. United Utilities Group's asset turnover of last year was 0.14010279. ==> 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+1+1+1+1+1+1+1
=9

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

United Utilities Group has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
United Utilities Group (STU:UUEC) has a Piotroski F-Score of 8 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on United Utilities Group and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, United Utilities Group's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, United Utilities Group ranks #12 out of 492 companies in the Utilities - Regulated industry, placing it in the top 2.4%.
Is United Utilities Group's Piotroski F-Score too high?
United Utilities Group's current Piotroski F-Score of 8 is 33% above 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 Utilities - Regulated industry median Piotroski F-Score is 6.00. United Utilities Group's value of 8 is 33.3% above this industry median. Based on the distribution chart, United Utilities Group ranks #12 out of 492 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, United Utilities Group has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does United Utilities Group's Piotroski F-Score compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, United Utilities Group ranks #12 out of 492 companies for Piotroski F-Score. This places United Utilities Group in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. United Utilities Group's value of 8 is 33.3% above this benchmark. Historically, United Utilities Group'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 6.00, United Utilities Group 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 an Utilities - Regulated company?
The median Piotroski F-Score among Utilities - Regulated companies is 6.00, based on 492 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 Utilities Group's current Piotroski F-Score of 8 is 33.3% 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 United Utilities Group and its competitors. For the Utilities - Regulated industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Utilities Group's current Piotroski F-Score is 8, which is 33% above 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 United Utilities Group stock overvalued right now?
Based on GuruFocus' analysis, United Utilities Group (STU:UUEC) is currently considered Fairly Valued. The stock's GF Value™ is €16.41, compared to a current price of €15.15 — trading 7.7% below its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 33.3% above the Utilities - Regulated industry median of 6.00. United Utilities Group's overall GF Score™ is 80/100 with 5 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 Utilities Group (STU:UUEC), the current Piotroski F-Score is 8 as of Jun. 28, 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 Utilities Group (STU:UUEC) Overvalued in 2026?

Based on GuruFocus' analysis, United Utilities Group stock appears to be undervalued. The current stock price of €15.15 is trading 7.7% below its estimated GF Value™ of €16.41. GuruFocus considers United Utilities Group to be Fairly Valued.

Key valuation signals for STU:UUEC:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: €16.41 vs. price of €15.15 (7.7% below fair value)
  • GF Score™: 80/100 with 5 warning signs
  • Industry Position: 33.3% above the Utilities - Regulated median (#12 of 492)

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


United Utilities Group Business Description

Address Lingley Green Avenue, Haweswater House, Lingley Mere Business Park, Great Sankey, Warrington, GBR, WA5 3LP
United Utilities Group is primarily a holding company for United Utilities Water, the country's largest regulated water and wastewater utility, serving customers in northwest England, including Manchester and Liverpool.
80GF Score

Get the complete analysis for STU:UUEC

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

€15.15
Price
€16.41
GF Value