Universal Logistics HoldingsULH +2.09%53 Piotroski F-Score is 3 as of Jun. 25, 2026, which is 40% below its 10-year median of 5.00. GuruFocus rates ULH with a GF Score™ of 53/100 and a GF Value™ of $23.46 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 979 Transportation companies, Universal Logistics Holdings ranks worse than 88.46% on this metric.
Warning Sign:
Piotroski F-Score of 3 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Universal Logistics Holdings has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Universal Logistics Holdings's Piotroski F-Score or its related term are showing as below:
ULH'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 9
Current: 3
During the past 13 years, the highest Piotroski F-Score of Universal Logistics Holdings was 9. The lowest was 3. And the median was 5.
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.
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.
Universal Logistics Holdings Piotroski F-Score Related Terms
Universal Logistics Holdings Piotroski F-Score Historical Data
* 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.
ULH vs PAMT, TOPP, ETS: Piotroski F-Score Comparison
For the Trucking subindustry, Universal Logistics Holdings'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.
Universal Logistics Holdings Piotroski F-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Universal Logistics Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Universal Logistics Holdings's Piotroski F-Score falls into.
* 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.
*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.
Universal Logistics Holdings's current Net Income (TTM) was -109.
==> Negative ==> Score 0.
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.
Universal Logistics Holdings's current Cash Flow from Operations (TTM) was 132.
==> 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.
Universal Logistics Holdings's return on assets of this year was -0.06076975. Universal Logistics Holdings's return on assets of last year was 0.06028018.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Universal Logistics Holdings's gearing of this year was 0.43692014. Universal Logistics Holdings's gearing of last year was 0.44805318.
==> 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
Universal Logistics Holdings's current ratio of this year was 1.13106547. Universal Logistics Holdings's current ratio of last year was 1.18320734.
==> 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.
Universal Logistics Holdings's number of shares in issue this year was 26.353. Universal Logistics Holdings's number of shares in issue last year was 26.346.
==> 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.
Universal Logistics Holdings's gross margin of this year was 0.09880136. Universal Logistics Holdings's gross margin of last year was 0.14700337.
==> 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
Universal Logistics Holdings's asset turnover of this year was 0.8574479. Universal Logistics Holdings's asset turnover of last year was 1.25416492.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Universal Logistics Holdings has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Universal Logistics Holdings (ULH) has a Piotroski F-Score of 3 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Universal Logistics Holdings and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, Universal Logistics Holdings' Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Universal Logistics Holdings ranks #866 out of 979 companies in the Transportation industry, placing it in the top 88.5%.
Is Universal Logistics Holdings' Piotroski F-Score too high?
Universal Logistics Holdings' current Piotroski F-Score of 3 is 40% 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 Transportation industry median Piotroski F-Score is 6.00. Universal Logistics Holdings' value of 3 is 50% below this industry median. Based on the distribution chart, Universal Logistics Holdings ranks #866 out of 979 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Universal Logistics Holdings has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Universal Logistics Holdings' Piotroski F-Score compare to PAMT and TOPP?
According to the Transportation industry distribution chart, Universal Logistics Holdings ranks #866 out of 979 companies for Piotroski F-Score. This places Universal Logistics Holdings in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Universal Logistics Holdings' value of 3 is 50% below this benchmark. Historically, Universal Logistics Holdings' 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 6.00, Universal Logistics Holdings 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 979 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. Universal Logistics Holdings's current Piotroski F-Score of 3 is 50% 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 Universal Logistics Holdings and its competitors. For the Transportation 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. Universal Logistics Holdings's current Piotroski F-Score is 3, which is 40% 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 Universal Logistics Holdings stock overvalued right now?
Based on GuruFocus' analysis, Universal Logistics Holdings (ULH) is currently considered Possible Value Trap. The stock's GF Value™ is $23.46, compared to a current price of $15.41 — trading 34.3% below its estimated fair value. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 50% below the Transportation industry median of 6.00. Universal Logistics Holdings' overall GF Score™ is 53/100 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 Universal Logistics Holdings (ULH), the current Piotroski F-Score is 3 as of Jun. 25, 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 Universal Logistics Holdings (ULH) Overvalued in 2026?
Based on GuruFocus' analysis, Universal Logistics Holdings stock appears to be undervalued.
The current stock price of $15.41 is trading 34.3% below its estimated GF Value™ of $23.46.
GuruFocus considers Universal Logistics Holdings to be Possible Value Trap.
Key valuation signals for ULH:
Piotroski F-Score: 3 (40% below median its 10-year median of 5.00)
GF Value™: $23.46 vs. price of $15.41 (34.3% below fair value)
Industry Position: 50% below the Transportation median (#866 of 979)
No single metric tells the full story. See the ULH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Universal Logistics Holdings Inc is an asset-light provider of customized transportation and logistics solutions throughout the United States, and in Mexico, Canada, and Colombia. It offers services such as truckload, brokerage, intermodal, dedicated, and value-added services. The firm has three reportable segments, namely contract logistics, intermodal, and trucking. The company generates the key revenue from Contract Logistics, which provides value-added and dedicated transportation services to support inbound and internal logistics requirements of industrial manufacturers and retailers, generally under contractual arrangements of one year or longer. Geographically, the firm generates the majority of its revenue from the United States, followed by Mexico, Canada, and Colombia.
53GF Score
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