UP (Wheels Up Experience) Piotroski F-Score: 3 (As of Jun. 27, 2026) — Near Median


UP Wheels Up Experience Inc UP
49 GF Score
Price $8.33
GF Value $6.19
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Wheels Up Experience Piotroski F-Score?

Wheels Up Experience UP +17.32% 49 Piotroski F-Score is 3 as of Jun. 27, 2026, which is at its 10-year median of 3.00. GuruFocus rates UP with a GF Score™ of 49/100 and a GF Value™ of $6.19 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 979 Transportation companies, Wheels Up Experience ranks worse than 88.56% 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

Wheels Up Experience 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 Wheels Up Experience's Piotroski F-Score or its related term are showing as below:

UP' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 4
Current: 3

During the past 7 years, the highest Piotroski F-Score of Wheels Up Experience was 4. The lowest was 1. And the median was 3.

Wheels Up Experience  (NYSE:UP) 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.


Wheels Up Experience Piotroski F-Score Related Terms


Wheels Up Experience Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Wheels Up Experience'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.

Wheels Up Experience Piotroski F-Score Chart

Wheels Up Experience Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A 1.00 1.00 2.00 4.00

Wheels Up Experience 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 3.00 4.00 3.00 4.00 3.00

UP vs ASLE, ICTSF, SKAS: Piotroski F-Score Comparison

For the Airports & Air Services subindustry, Wheels Up Experience'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.


Wheels Up Experience Piotroski F-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Wheels Up Experience's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Wheels Up Experience's Piotroski F-Score falls into.


UP
49GF Score
Wheels Up Experience Inc UP
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 -82.299 + -83.73 + -28.875 + -82.958 = $-277.9 Mil.
Cash Flow from Operations was -62.88 + -37.122 + -18.369 + -99.631 = $-218.0 Mil.
Revenue was 189.637 + 185.486 + 183.842 + 168.922 = $727.9 Mil.
Gross Profit was 2.192 + -1.318 + 12.799 + -1.988 = $11.7 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1090.982 + 1005.726 + 973.003 + 968.814 + 916.242) / 5 = $990.9534 Mil.
Total Assets at the begining of this year (Mar25) was $1,091.0 Mil.
Long-Term Debt & Capital Lease Obligation was $516.7 Mil.
Total Current Assets was $164.8 Mil.
Total Current Liabilities was $854.4 Mil.
Net Income was -96.973 + -57.731 + -87.538 + -99.313 = $-341.6 Mil.

Revenue was 196.285 + 193.903 + 204.815 + 177.53 = $772.5 Mil.
Gross Profit was -10.998 + 14.56 + 15.475 + -1.104 = $17.9 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1181.292 + 1086.289 + 1043.137 + 1158.011 + 1090.982) / 5 = $1111.9422 Mil.
Total Assets at the begining of last year (Mar24) was $1,181.3 Mil.
Long-Term Debt & Capital Lease Obligation was $435.8 Mil.
Total Current Assets was $298.8 Mil.
Total Current Liabilities was $925.4 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.

Wheels Up Experience's current Net Income (TTM) was -277.9. ==> 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.

Wheels Up Experience's current Cash Flow from Operations (TTM) was -218.0. ==> Negative ==> Score 0.

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)
=-277.862/1090.982
=-0.25468981

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-341.555/1181.292
=-0.28913681

Wheels Up Experience's return on assets of this year was -0.25468981. Wheels Up Experience's return on assets of last year was -0.28913681. ==> 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.

Wheels Up Experience's current Net Income (TTM) was -277.9. Wheels Up Experience's current Cash Flow from Operations (TTM) was -218.0. ==> -218.0 > -277.9 ==> 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
=516.712/990.9534
=0.52142916

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=435.841/1111.9422
=0.39196372

Wheels Up Experience's gearing of this year was 0.52142916. Wheels Up Experience's gearing of last year was 0.39196372. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=164.79/854.363
=0.19288054

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=298.807/925.404
=0.32289357

Wheels Up Experience's current ratio of this year was 0.19288054. Wheels Up Experience's current ratio of last year was 0.32289357. ==> 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.

Wheels Up Experience's number of shares in issue this year was 36.149. Wheels Up Experience's number of shares in issue last year was 34.914. ==> 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
=11.685/727.887
=0.01605332

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=17.933/772.533
=0.02321325

Wheels Up Experience's gross margin of this year was 0.01605332. Wheels Up Experience's gross margin of last year was 0.02321325. ==> 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 (Mar25)
=727.887/1090.982
=0.66718516

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=772.533/1181.292
=0.65397294

Wheels Up Experience's asset turnover of this year was 0.66718516. Wheels Up Experience's asset turnover of last year was 0.65397294. ==> 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
=0+0+1+1+0+0+0+0+1
=3

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

Wheels Up Experience has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
Wheels Up Experience (UP) has a Piotroski F-Score of 3 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Wheels Up Experience and its competitors. This is near median its historical median of 3.00. Over the past decade, Wheels Up Experience's Piotroski F-Score has ranged from 1.00 to 4.00. According to the industry distribution chart, Wheels Up Experience ranks #867 out of 979 companies in the Transportation industry, placing it in the top 88.6%.
Is Wheels Up Experience's Piotroski F-Score too high?
Wheels Up Experience's current Piotroski F-Score of 3 is near median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 4.00. The Transportation industry median Piotroski F-Score is 6.00. Wheels Up Experience's value of 3 is 50% below this industry median. Based on the distribution chart, Wheels Up Experience ranks #867 out of 979 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Wheels Up Experience has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wheels Up Experience's Piotroski F-Score compare to ASLE and ICTSF?
According to the Transportation industry distribution chart, Wheels Up Experience ranks #867 out of 979 companies for Piotroski F-Score. This places Wheels Up Experience in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Wheels Up Experience's value of 3 is 50% below this benchmark. Historically, Wheels Up Experience's own Piotroski F-Score has ranged from 1.00 to 4.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 6.00, Wheels Up Experience 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. Wheels Up Experience'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 Wheels Up Experience 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. Wheels Up Experience's current Piotroski F-Score is 3, which is near median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wheels Up Experience stock overvalued right now?
Based on GuruFocus' analysis, Wheels Up Experience (UP) is currently considered Significantly Overvalued. The stock's GF Value™ is $6.19, compared to a current price of $8.33 — trading 34.6% above its estimated fair value. The current Piotroski F-Score is 3, which is near median its 10-year median of 3.00 and 50% below the Transportation industry median of 6.00. Wheels Up Experience's overall GF Score™ is 49/100 with 6 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 Wheels Up Experience (UP), the current Piotroski F-Score is 3 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 Wheels Up Experience (UP) Overvalued in 2026?

Based on GuruFocus' analysis, Wheels Up Experience stock appears to be overvalued. The current stock price of $8.33 is trading 34.6% above its estimated GF Value™ of $6.19. GuruFocus considers Wheels Up Experience to be Significantly Overvalued.

Key valuation signals for UP:

  • Piotroski F-Score: 3 (near median its 10-year median of 3.00)
  • GF Value™: $6.19 vs. price of $8.33 (34.6% above fair value)
  • GF Score™: 49/100 with 6 warning signs
  • Industry Position: 50% below the Transportation median (#867 of 979)

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


Wheels Up Experience Business Description

Address 2135 American Way, Chamblee, GA, USA, 30341
Wheels Up Experience Inc is a provider of on-demand private aviation. The company offers a private aviation solution with a large and diverse aircraft fleet, delivered through a mix of charter solutions and its membership program that utilizes its controlled aircraft fleet and a network of safety-vetted charter operators. Through its partnership firm, it provides members and customers with an offering across private and premium commercial travel. It generates the majority of its revenue from member and customer flights through its membership program and charter solutions, as well as from membership fees and other activities and services, including group charter flights, cargo flights, and special missions. Geographically, the company generates maximum revenue from the United States.
49GF Score

Get the complete analysis for UP

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

$8.33
Price
$6.19
GF Value