TPB (Turning Point Brands) Piotroski F-Score: 7 (As of Jul. 10, 2026) — 17% Above Median


TPB Turning Point Brands Inc TPB
89 GF Score
Price $87.65
GF Value $80.19
Valuation Fairly Valued
! 2 Warning Signs
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What is Turning Point Brands Piotroski F-Score?

Turning Point Brands TPB -0.45% 89 Piotroski F-Score is 7 as of Jul. 10, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates TPB with a GF Score™ of 89/100 and a GF Value™ of $80.19 (Fairly Valued). The stock has 2 warning signs investors should review. Among 48 Tobacco Products companies, Turning Point Brands ranks better than 85.42% 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

Turning Point Brands has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Turning Point Brands's Piotroski F-Score or its related term are showing as below:

TPB' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Turning Point Brands was 8. The lowest was 3. And the median was 6.

Turning Point Brands  (NYSE:TPB) 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.


Turning Point Brands Piotroski F-Score Related Terms


Turning Point Brands Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Turning Point Brands'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.

Turning Point Brands Piotroski F-Score Chart

Turning Point Brands 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 7.00 7.00 8.00 6.00

Turning Point Brands 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 6.00 5.00 6.00 7.00

TPB vs UVV, AIIR, ISPR: Piotroski F-Score Comparison

For the Tobacco subindustry, Turning Point Brands'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.


Turning Point Brands Piotroski F-Score vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Turning Point Brands's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Turning Point Brands's Piotroski F-Score falls into.


TPB
89GF Score
Turning Point Brands Inc TPB
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 14.48 + 21.08 + 8.21 + 11.667 = $55.4 Mil.
Cash Flow from Operations was 11.821 + 3.285 + 24.859 + -22.259 = $17.7 Mil.
Revenue was 116.634 + 118.979 + 121.013 + 124.278 = $480.9 Mil.
Gross Profit was 66.623 + 70.427 + 67.654 + 68.295 = $273.0 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(564.552 + 595.788 + 742.848 + 763.75 + 772.097) / 5 = $687.807 Mil.
Total Assets at the begining of this year (Mar25) was $564.6 Mil.
Long-Term Debt & Capital Lease Obligation was $304.9 Mil.
Total Current Assets was $418.2 Mil.
Total Current Liabilities was $71.3 Mil.
Net Income was 13.007 + 12.376 + 2.416 + 14.395 = $42.2 Mil.

Revenue was 93.225 + 90.704 + 93.667 + 106.436 = $384.0 Mil.
Gross Profit was 50.398 + 50.395 + 52.418 + 59.61 = $212.8 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(586.316 + 591.556 + 488.009 + 493.353 + 564.552) / 5 = $544.7572 Mil.
Total Assets at the begining of last year (Mar24) was $586.3 Mil.
Long-Term Debt & Capital Lease Obligation was $301.6 Mil.
Total Current Assets was $259.0 Mil.
Total Current Liabilities was $58.6 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.

Turning Point Brands's current Net Income (TTM) was 55.4. ==> 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.

Turning Point Brands's current Cash Flow from Operations (TTM) was 17.7. ==> 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)
=55.437/564.552
=0.09819645

ROA (Last Year)=Net Income/Total Assets (Mar24)
=42.194/586.316
=0.07196461

Turning Point Brands's return on assets of this year was 0.09819645. Turning Point Brands's return on assets of last year was 0.07196461. ==> 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.

Turning Point Brands's current Net Income (TTM) was 55.4. Turning Point Brands's current Cash Flow from Operations (TTM) was 17.7. ==> 17.7 <= 55.4 ==> CFROA <= ROA ==> Score 0.

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
=304.928/687.807
=0.44333367

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=301.627/544.7572
=0.55369071

Turning Point Brands's gearing of this year was 0.44333367. Turning Point Brands's gearing of last year was 0.55369071. ==> 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
=418.204/71.283
=5.86681256

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=259.013/58.603
=4.4197908

Turning Point Brands's current ratio of this year was 5.86681256. Turning Point Brands's current ratio of last year was 4.4197908. ==> 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.

Turning Point Brands's number of shares in issue this year was 19.475. Turning Point Brands's number of shares in issue last year was 18.249. ==> 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
=272.999/480.904
=0.56767879

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=212.821/384.032
=0.55417517

Turning Point Brands's gross margin of this year was 0.56767879. Turning Point Brands's gross margin of last year was 0.55417517. ==> 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)
=480.904/564.552
=0.85183296

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=384.032/586.316
=0.65499151

Turning Point Brands's asset turnover of this year was 0.85183296. Turning Point Brands's asset turnover of last year was 0.65499151. ==> 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+0+1+1+0+1+1
=7

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

Turning Point Brands has an F-score of 7. 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 7 mean?
Turning Point Brands (TPB) has a Piotroski F-Score of 7 as of Jul. 10, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Turning Point Brands and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Turning Point Brands' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Turning Point Brands ranks #7 out of 48 companies in the Tobacco Products industry, placing it in the top 14.6%.
Is Turning Point Brands' Piotroski F-Score too high?
Turning Point Brands' current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Tobacco Products industry median Piotroski F-Score is 5.00. Turning Point Brands' value of 7 is 40% above this industry median. Based on the distribution chart, Turning Point Brands ranks #7 out of 48 companies in the Tobacco Products industry, which is in the top quartile — a strong position relative to peers. Overall, Turning Point Brands has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Turning Point Brands' Piotroski F-Score compare to UVV and AIIR?
According to the Tobacco Products industry distribution chart, Turning Point Brands ranks #7 out of 48 companies for Piotroski F-Score. This places Turning Point Brands in the top 15% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Turning Point Brands' value of 7 is 40% above this benchmark. Historically, Turning Point Brands' own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Turning Point Brands 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 Tobacco Products company?
The median Piotroski F-Score among Tobacco Products companies is 5.00, based on 48 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. Turning Point Brands'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 Turning Point Brands and its competitors. For the Tobacco Products 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. Turning Point Brands's current Piotroski F-Score is 7, which is 17% 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 Turning Point Brands stock overvalued right now?
Based on GuruFocus' analysis, Turning Point Brands (TPB) is currently considered Fairly Valued. The stock's GF Value™ is $80.19, compared to a current price of $87.65 — trading 9.3% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Tobacco Products industry median of 5.00. Turning Point Brands' overall GF Score™ is 89/100 with 2 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 Turning Point Brands (TPB), the current Piotroski F-Score is 7 as of Jul. 10, 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 Turning Point Brands (TPB) Overvalued in 2026?

Based on GuruFocus' analysis, Turning Point Brands stock appears to be overvalued. The current stock price of $87.65 is trading 9.3% above its estimated GF Value™ of $80.19. GuruFocus considers Turning Point Brands to be Fairly Valued.

Key valuation signals for TPB:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: $80.19 vs. price of $87.65 (9.3% above fair value)
  • GF Score™: 89/100 with 2 warning signs
  • Industry Position: 40% above the Tobacco Products median (#7 of 48)

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


Turning Point Brands Business Description

Other Exchanges 0T5:Germany
Address 5201 Interchange Way, Louisville, KY, USA, 40229
Turning Point Brands Inc operates as a manufacturer, marketer, and provider of consumer products that include Other Tobacco Products (OTP) in the U.S. The company offers a wide variety across the OTP spectrum, including moist snuff tobacco (MST), loose-leaf chewing tobacco, premium cigarette papers, make- your-own (MYO) cigar wraps, cigars, liquid vapor products, and tobacco vaporizer products. It operates in two segments, namely Zig-Zag products and Stoker's products segment. The company generates maximum revenue from the Zig-Zag products segment.
89GF Score

Get the complete analysis for TPB

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

$87.65
Price
$80.19
GF Value