UAN (CVR Partners LP) Piotroski F-Score: 9 (As of Jun. 27, 2026) — 80% Above Median


UAN CVR Partners LP UAN
59 GF Score
Price $109.48
GF Value $86.99
Valuation Modestly Overvalued
! 4 Warning Signs
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What is CVR Partners LP Piotroski F-Score?

CVR Partners LP UAN -0.06% 59 Piotroski F-Score is 9 as of Jun. 27, 2026, which is 80% above its 10-year median of 5.00. GuruFocus rates UAN with a GF Score™ of 59/100 and a GF Value™ of $86.99 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 252 Agriculture companies, CVR Partners LP ranks better than 99.6% on this metric.

Good Sign:

Piotroski F-Score is 9, 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

CVR Partners LP 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 CVR Partners LP's Piotroski F-Score or its related term are showing as below:

UAN' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 9
Current: 9

During the past 13 years, the highest Piotroski F-Score of CVR Partners LP was 9. The lowest was 2. And the median was 5.

CVR Partners LP  (NYSE:UAN) 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.


CVR Partners LP Piotroski F-Score Related Terms


CVR Partners LP Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for CVR Partners LP'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.

CVR Partners LP Piotroski F-Score Chart

CVR Partners LP 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 9.00 9.00 4.00 4.00 9.00

CVR Partners LP 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 8.00 8.00 8.00 9.00 9.00

UAN vs FMC, IPI, VRDR: Piotroski F-Score Comparison

For the Agricultural Inputs subindustry, CVR Partners LP'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.


CVR Partners LP Piotroski F-Score vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, CVR Partners LP's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where CVR Partners LP's Piotroski F-Score falls into.


UAN
59GF Score
CVR Partners LP UAN
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 38.768 + 43.072 + -10.266 + 49.913 = $121.5 Mil.
Cash Flow from Operations was 24.102 + 91.744 + -21.599 + 75.775 = $170.0 Mil.
Revenue was 168.559 + 163.549 + 131.065 + 180.048 = $643.2 Mil.
Gross Profit was 54.634 + 60.52 + 5.778 + 67.455 = $188.4 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1013.954 + 997.996 + 1037.195 + 969.455 + 1018.184) / 5 = $1007.3568 Mil.
Total Assets at the begining of this year (Mar25) was $1,014.0 Mil.
Long-Term Debt & Capital Lease Obligation was $569.0 Mil.
Total Current Assets was $271.2 Mil.
Total Current Liabilities was $98.6 Mil.
Net Income was 26.219 + 3.807 + 18.295 + 27.088 = $75.4 Mil.

Revenue was 132.901 + 125.203 + 139.555 + 142.866 = $540.5 Mil.
Gross Profit was 39.877 + 18.447 + 33.163 + 42.438 = $133.9 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(972.215 + 959.447 + 986.626 + 1018.724 + 1013.954) / 5 = $990.1932 Mil.
Total Assets at the begining of last year (Mar24) was $972.2 Mil.
Long-Term Debt & Capital Lease Obligation was $569.3 Mil.
Total Current Assets was $247.1 Mil.
Total Current Liabilities was $98.9 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.

CVR Partners LP's current Net Income (TTM) was 121.5. ==> 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.

CVR Partners LP's current Cash Flow from Operations (TTM) was 170.0. ==> 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)
=121.487/1013.954
=0.1198151

ROA (Last Year)=Net Income/Total Assets (Mar24)
=75.409/972.215
=0.07756412

CVR Partners LP's return on assets of this year was 0.1198151. CVR Partners LP's return on assets of last year was 0.07756412. ==> 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.

CVR Partners LP's current Net Income (TTM) was 121.5. CVR Partners LP's current Cash Flow from Operations (TTM) was 170.0. ==> 170.0 > 121.5 ==> 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
=569.014/1007.3568
=0.56485845

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=569.275/990.1932
=0.57491306

CVR Partners LP's gearing of this year was 0.56485845. CVR Partners LP's gearing of last year was 0.57491306. ==> 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
=271.203/98.573
=2.75129092

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=247.108/98.935
=2.4976803

CVR Partners LP's current ratio of this year was 2.75129092. CVR Partners LP's current ratio of last year was 2.4976803. ==> 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.

CVR Partners LP's number of shares in issue this year was 10.57. CVR Partners LP's number of shares in issue last year was 10.57. ==> 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
=188.387/643.221
=0.29288067

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=133.925/540.525
=0.24776837

CVR Partners LP's gross margin of this year was 0.29288067. CVR Partners LP's gross margin of last year was 0.24776837. ==> 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)
=643.221/1013.954
=0.63436901

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=540.525/972.215
=0.5559727

CVR Partners LP's asset turnover of this year was 0.63436901. CVR Partners LP's asset turnover of last year was 0.5559727. ==> 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

CVR Partners LP 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 9 mean?
CVR Partners LP (UAN) has a Piotroski F-Score of 9 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on CVR Partners LP and its competitors. This is 80% above median its historical median of 5.00. Over the past decade, CVR Partners LP's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, CVR Partners LP ranks #1 out of 252 companies in the Agriculture industry, placing it in the top 0.40000000000001%.
Is CVR Partners LP's Piotroski F-Score too high?
CVR Partners LP's current Piotroski F-Score of 9 is 80% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 9.00. The Agriculture industry median Piotroski F-Score is 5.00. CVR Partners LP's value of 9 is 80% above this industry median. Based on the distribution chart, CVR Partners LP ranks #1 out of 252 companies in the Agriculture industry, which is in the top quartile — a strong position relative to peers. Overall, CVR Partners LP has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CVR Partners LP's Piotroski F-Score compare to FMC and IPI?
According to the Agriculture industry distribution chart, CVR Partners LP ranks #1 out of 252 companies for Piotroski F-Score. This places CVR Partners LP in the top 0% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. CVR Partners LP's value of 9 is 80% above this benchmark. Historically, CVR Partners LP's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, CVR Partners LP 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 Agriculture company?
The median Piotroski F-Score among Agriculture companies is 5.00, based on 252 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. CVR Partners LP's current Piotroski F-Score of 9 is 80% 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 CVR Partners LP and its competitors. For the Agriculture 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. CVR Partners LP's current Piotroski F-Score is 9, which is 80% above 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 CVR Partners LP stock overvalued right now?
Based on GuruFocus' analysis, CVR Partners LP (UAN) is currently considered Modestly Overvalued. The stock's GF Value™ is $86.99, compared to a current price of $109.48 — trading 25.9% above its estimated fair value. The current Piotroski F-Score is 9, which is 80% above median its 10-year median of 5.00 and 80% above the Agriculture industry median of 5.00. CVR Partners LP's overall GF Score™ is 59/100 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 CVR Partners LP (UAN), the current Piotroski F-Score is 9 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 CVR Partners LP (UAN) Overvalued in 2026?

Based on GuruFocus' analysis, CVR Partners LP stock appears to be overvalued. The current stock price of $109.48 is trading 25.9% above its estimated GF Value™ of $86.99. GuruFocus considers CVR Partners LP to be Modestly Overvalued.

Key valuation signals for UAN:

  • Piotroski F-Score: 9 (80% above median its 10-year median of 5.00)
  • GF Value™: $86.99 vs. price of $109.48 (25.9% above fair value)
  • GF Score™: 59/100 with 4 warning signs
  • Industry Position: 80% above the Agriculture median (#1 of 252)

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


CVR Partners LP Business Description

Address 2277 Plaza Drive, Suite 500, Sugar Land, TX, USA, 77479
CVR Partners LP is a manufacturer and supplier of nitrogen fertilizer products. Its principal products include Urea Ammonium Nitrate (UAN) and ammonia. The company market ammonia products to industrial and agricultural customers and UAN products to agricultural customers. The primary geographic markets for its fertilizer products are Kansas, Missouri, Nebraska, Iowa, Illinois, Colorado, and Texas. The company's product sales are heavily weighted toward UAN.
59GF Score

Get the complete analysis for UAN

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

$109.48
Price
$86.99
GF Value