Unilever (WBO:ULVR) Piotroski F-Score: 6 (As of Jun. 26, 2026) — Near Median


WBO:ULVR Unilever PLC WBO:ULVR
73 GF Score
Price €54.08
GF Value €52.02
! 2 Warning Signs
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What is Unilever Piotroski F-Score?

Unilever WBO:ULVR 73 Piotroski F-Score is 6 as of Jun. 26, 2026, which is at its 10-year median of 6.00. GuruFocus rates WBO:ULVR with a GF Score™ of 73/100 and a GF Value™ of €52.02. The stock has 2 warning signs investors should review. Among 1,911 Consumer Packaged Goods companies, Unilever 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

Unilever 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 Unilever's Piotroski F-Score or its related term are showing as below:

WBO:ULVR' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Unilever was 8. The lowest was 5. And the median was 6.

Unilever  (WBO:ULVR) 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.


Unilever Piotroski F-Score Related Terms


Unilever Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Unilever'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.

Unilever Piotroski F-Score Chart

Unilever 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 5.00 7.00 6.00 6.00 6.00

Unilever Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 6.00 0.00 6.00 0.00 6.00

WBO:ULVR vs PG, CL, KVUE: Piotroski F-Score Comparison

For the Household & Personal Products subindustry, Unilever'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.


Unilever Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


WBO:ULVR
73GF Score
Unilever PLC WBO:ULVR
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was €9,469 Mil.
Cash Flow from Operations was €8,350 Mil.
Revenue was €50,503 Mil.
Gross Profit was €23,709 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (79750 + 70471) / 2 = €75110.5 Mil.
Total Assets at the begining of this year (Dec24) was €79,750 Mil.
Long-Term Debt & Capital Lease Obligation was €25,140 Mil.
Total Current Assets was €17,066 Mil.
Total Current Liabilities was €21,662 Mil.
Net Income was €5,744 Mil.

Revenue was €52,479 Mil.
Gross Profit was €24,503 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (75266 + 79750) / 2 = €77508 Mil.
Total Assets at the begining of last year (Dec23) was €75,266 Mil.
Long-Term Debt & Capital Lease Obligation was €24,453 Mil.
Total Current Assets was €19,194 Mil.
Total Current Liabilities was €25,234 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.

Unilever's current Net Income (TTM) was 9,469. ==> 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.

Unilever's current Cash Flow from Operations (TTM) was 8,350. ==> 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 (Dec24)
=9469/79750
=0.11873354

ROA (Last Year)=Net Income/Total Assets (Dec23)
=5744/75266
=0.076316

Unilever's return on assets of this year was 0.11873354. Unilever's return on assets of last year was 0.076316. ==> 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.

Unilever's current Net Income (TTM) was 9,469. Unilever's current Cash Flow from Operations (TTM) was 8,350. ==> 8,350 <= 9,469 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=25140/75110.5
=0.33470687

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=24453/77508
=0.31549001

Unilever's gearing of this year was 0.33470687. Unilever's gearing of last year was 0.31549001. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=17066/21662
=0.78783123

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=19194/25234
=0.76064041

Unilever's current ratio of this year was 0.78783123. Unilever's current ratio of last year was 0.76064041. ==> 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.

Unilever's number of shares in issue this year was 2195.3. Unilever's number of shares in issue last year was 2228.533. ==> 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
=23709/50503
=0.46945726

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=24503/52479
=0.46691057

Unilever's gross margin of this year was 0.46945726. Unilever's gross margin of last year was 0.46691057. ==> 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 (Dec24)
=50503/79750
=0.63326646

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=52479/75266
=0.6972471

Unilever's asset turnover of this year was 0.63326646. Unilever's asset turnover of last year was 0.6972471. ==> Last year's asset turnover is higher ==> Score 0.

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+0+1+1+1+0
=6

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

Unilever 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?
Unilever (WBO:ULVR) 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 Unilever and its competitors. This is near median its historical median of 6.00. Over the past decade, Unilever's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Unilever ranks #507 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 26.5%.
Is Unilever's Piotroski F-Score too high?
Unilever'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 5.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Unilever's value of 6 is 20% above this industry median. Based on the distribution chart, Unilever ranks #507 out of 1911 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Unilever has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Unilever's Piotroski F-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Unilever ranks #507 out of 1911 companies for Piotroski F-Score. This puts Unilever in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Unilever's value of 6 is 20% above this benchmark. Historically, Unilever's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Unilever 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. Unilever'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 Unilever 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. Unilever'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 Unilever stock overvalued right now?
Unilever (WBO:ULVR) has a current Piotroski F-Score of 6. The stock's GF Value™ is €52.02, compared to a current price of €54.08 — trading 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. Unilever's overall GF Score™ is 73/100 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 Unilever (WBO:ULVR), 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 Unilever (WBO:ULVR) Overvalued in 2026?

Based on GuruFocus' analysis, Unilever stock appears to be overvalued. The current stock price of €54.08 is trading 4% above its estimated GF Value™ of €52.02.

Key valuation signals for WBO:ULVR:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: €52.02 vs. price of €54.08 (4% above fair value)
  • GF Score™: 73/100 with 2 warning signs
  • Industry Position: 20% above the Consumer Packaged Goods median (#507 of 1911)

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


Unilever Business Description

Address 100 Victoria Embankment, London, GBR, EC4Y 0DY
Unilever is a diversified beauty, wellbeing, and personal care (51% of 2025 sales by value), homecare (23%), and packaged food (26%) company. Its brands include Dove personal-care products, Knorr soups and sauces, Hellmann's mayonnaise, Axe and Rexona deodorants, and TRESemmé haircare. The firm has been acquisitive in recent years; notable purchases include Paula's Choice, Liquid I.V., Horlicks, and Wild deodorants. The company derives 58% of its sales from emerging markets and 42% from developed markets. The US is its largest market, accounting for around 20% of sales, followed by India, which accounts for 11% of sales.
73GF Score

Get the complete analysis for WBO:ULVR

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

€54.08
Price
€52.02
GF Value