UPBMF (United Plantation Bhd) Piotroski F-Score: 6 (As of Jun. 26, 2026) — Near Median


UPBMF United Plantation Bhd UPBMF
83 GF Score
Price $3.51
GF Value $2.73
! 3 Warning Signs
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What is United Plantation Bhd Piotroski F-Score?

United Plantation Bhd UPBMF 83 Piotroski F-Score is 6 as of Jun. 26, 2026, which is at its 10-year median of 6.00. GuruFocus rates UPBMF with a GF Score™ of 83/100 and a GF Value™ of $2.73. The stock has 3 warning signs investors should review. Among 1,911 Consumer Packaged Goods companies, United Plantation Bhd ranks better than 73.47% on this metric.

The zones of discrimination were as such:

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

United Plantation Bhd has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

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

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

United Plantation Bhd  (OTCPK:UPBMF) 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 Plantation Bhd Piotroski F-Score Related Terms


United Plantation Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for United Plantation Bhd'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 Plantation Bhd Piotroski F-Score Chart

United Plantation Bhd 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 5.00 5.00 7.00

United Plantation Bhd 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 5.00 5.00 6.00 7.00 6.00

UPBMF vs ADM, BG, TSN: Piotroski F-Score Comparison

For the Farm Products subindustry, United Plantation Bhd'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 Plantation Bhd Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, United Plantation Bhd's Piotroski F-Score distribution charts can be found below:

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


UPBMF
83GF Score
United Plantation Bhd UPBMF
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 58.843 + 48.29 + 51.163 + 40.676 = $199.0 Mil.
Cash Flow from Operations was 51.597 + 49.3 + 71.676 + 24.898 = $197.5 Mil.
Revenue was 150.643 + 160.845 + 166.593 + 162.189 = $640.3 Mil.
Gross Profit was 150.643 + 160.845 + 166.593 + 162.189 = $640.3 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(762.352 + 754.103 + 808.524 + 811.891 + 877.977) / 5 = $802.9694 Mil.
Total Assets at the begining of this year (Mar25) was $762.4 Mil.
Long-Term Debt & Capital Lease Obligation was $3.2 Mil.
Total Current Assets was $316.6 Mil.
Total Current Liabilities was $73.7 Mil.
Net Income was 39.481 + 50.527 + 40.656 + 36.833 = $167.5 Mil.

Revenue was 115.952 + 128.688 + 140.721 + 116.781 = $502.1 Mil.
Gross Profit was 115.952 + 128.688 + 140.721 + 116.781 = $502.1 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(714.249 + 656.697 + 774.559 + 727.527 + 762.352) / 5 = $727.0768 Mil.
Total Assets at the begining of last year (Mar24) was $714.2 Mil.
Long-Term Debt & Capital Lease Obligation was $3.1 Mil.
Total Current Assets was $286.5 Mil.
Total Current Liabilities was $44.0 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 Plantation Bhd's current Net Income (TTM) was 199.0. ==> 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 Plantation Bhd's current Cash Flow from Operations (TTM) was 197.5. ==> 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)
=198.972/762.352
=0.26099754

ROA (Last Year)=Net Income/Total Assets (Mar24)
=167.497/714.249
=0.23450785

United Plantation Bhd's return on assets of this year was 0.26099754. United Plantation Bhd's return on assets of last year was 0.23450785. ==> 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 Plantation Bhd's current Net Income (TTM) was 199.0. United Plantation Bhd's current Cash Flow from Operations (TTM) was 197.5. ==> 197.5 <= 199.0 ==> 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
=3.249/802.9694
=0.00404623

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=3.079/727.0768
=0.00423477

United Plantation Bhd's gearing of this year was 0.00404623. United Plantation Bhd's gearing of last year was 0.00423477. ==> 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
=316.557/73.702
=4.29509376

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=286.505/44.013
=6.509554

United Plantation Bhd's current ratio of this year was 4.29509376. United Plantation Bhd's current ratio of last year was 6.509554. ==> 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.

United Plantation Bhd's number of shares in issue this year was 622.177. United Plantation Bhd's number of shares in issue last year was 622.177. ==> 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
=640.27/640.27
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=502.142/502.142
=1

United Plantation Bhd's gross margin of this year was 1. United Plantation Bhd's gross margin of last year was 1. ==> 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)
=640.27/762.352
=0.83986138

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=502.142/714.249
=0.70303494

United Plantation Bhd's asset turnover of this year was 0.83986138. United Plantation Bhd's asset turnover of last year was 0.70303494. ==> 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+0+1+0+1
=6

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

United Plantation Bhd has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 6 mean?
United Plantation Bhd (UPBMF) has a Piotroski F-Score of 6 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on United Plantation Bhd and its competitors. This is near median its historical median of 6.00. Over the past decade, United Plantation Bhd's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, United Plantation Bhd ranks #507 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 26.5%.
Is United Plantation Bhd's Piotroski F-Score too high?
United Plantation Bhd's current Piotroski F-Score of 6 is near 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 Consumer Packaged Goods industry median Piotroski F-Score is 5.00. United Plantation Bhd's value of 6 is 20% above this industry median. Based on the distribution chart, United Plantation Bhd ranks #507 out of 1911 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, United Plantation Bhd has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does United Plantation Bhd's Piotroski F-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, United Plantation Bhd ranks #507 out of 1911 companies for Piotroski F-Score. This puts United Plantation Bhd in the upper half of its industry. The industry median Piotroski F-Score is 5.00. United Plantation Bhd's value of 6 is 20% above this benchmark. Historically, United Plantation Bhd'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 5.00, United Plantation Bhd 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,911 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 Plantation Bhd's current Piotroski F-Score of 6 is 20% 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 Plantation Bhd and its competitors. For the Consumer Packaged Goods 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. United Plantation Bhd's current Piotroski F-Score is 6, which is near 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 Plantation Bhd stock overvalued right now?
United Plantation Bhd (UPBMF) has a current Piotroski F-Score of 6. The stock's GF Value™ is $2.73, compared to a current price of $3.51 — trading 28.4% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Consumer Packaged Goods industry median of 5.00. United Plantation Bhd's overall GF Score™ is 83/100 with 3 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 Plantation Bhd (UPBMF), the current Piotroski F-Score is 6 as of Jun. 26, 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 Plantation Bhd (UPBMF) Overvalued in 2026?

Based on GuruFocus' analysis, United Plantation Bhd stock appears to be overvalued. The current stock price of $3.51 is trading 28.4% above its estimated GF Value™ of $2.73.

Key valuation signals for UPBMF:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: $2.73 vs. price of $3.51 (28.4% above fair value)
  • GF Score™: 83/100 with 3 warning signs
  • Industry Position: 20% above the Consumer Packaged Goods median (#507 of 1911)

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


United Plantation Bhd Business Description

Other Exchanges 2089:Malaysia
Address Jendarata Estate, Teluk Intan, PRK, MYS, 36009
United Plantation Bhd cultivates and processes palm oil, coconuts, and other plantation crops. Its subsidiaries process and manufacture palm oil until it is ready to be packaged and distributed to customers. It owns a light railway to transport products from palm trees to a handful of mills located on its property. End products produced by the company include cooking oils, ready-to-eat oils, soaps, and specialty fats. The company operates in three segments, which include the Plantations, Palm oil refining, and Other segments. The majority of its revenue is generated from the Palm Oil Refining segment.
83GF Score

Get the complete analysis for UPBMF

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

$3.51
Price
$2.73
GF Value