Where Food Comes FromWFCF -0.99%79 Piotroski F-Score is 5 as of Jun. 29, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates WFCF with a GF Score™ of 79/100 and a GF Value™ of $12.41 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,063 Business Services companies, Where Food Comes From ranks better than 51.36% 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
Where Food Comes From has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Where Food Comes From's Piotroski F-Score or its related term are showing as below:
WFCF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 8
Current: 5
During the past 13 years, the highest Piotroski F-Score of Where Food Comes From was 8. The lowest was 3. And the median was 6.
Where Food Comes From (NAS:WFCF) 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.
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.
Where Food Comes From Piotroski F-Score Related Terms
Where Food Comes From Piotroski F-Score Historical Data
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The historical data trend for Where Food Comes From'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.
WFCF vs ANPA, DLHC, TISI: Piotroski F-Score Comparison
For the Specialty Business Services subindustry, Where Food Comes From'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.
Where Food Comes From Piotroski F-Score vs Business Services Industry
For the Business Services industry and Industrials sector, Where Food Comes From's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Where Food Comes From'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.
Where Food Comes From's current Net Income (TTM) was 1.60.
==> 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.
Where Food Comes From's return on assets of this year was 0.10498291. Where Food Comes From's return on assets of last year was 0.12817514.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Where Food Comes From's gearing of this year was 0.0269331. Where Food Comes From's gearing of last year was 0.13221667.
==> 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
Where Food Comes From's current ratio of this year was 1.88434999. Where Food Comes From's current ratio of last year was 1.62930299.
==> 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.
Where Food Comes From's number of shares in issue this year was 5.07. Where Food Comes From's number of shares in issue last year was 5.23.
==> 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.
Where Food Comes From's gross margin of this year was 0.37447967. Where Food Comes From's gross margin of last year was 0.409954.
==> 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
Where Food Comes From's asset turnover of this year was 1.64238759. Where Food Comes From's asset turnover of last year was 1.65250439.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Where Food Comes From has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Where Food Comes From (WFCF) has a Piotroski F-Score of 5 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Where Food Comes From and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Where Food Comes From's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Where Food Comes From ranks #517 out of 1063 companies in the Business Services industry, placing it in the top 48.6%.
Is Where Food Comes From's Piotroski F-Score too high?
Where Food Comes From's current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Business Services industry median Piotroski F-Score is 5.00. Where Food Comes From's value of 5 is 0% at this industry median. Based on the distribution chart, Where Food Comes From ranks #517 out of 1063 companies in the Business Services industry, which is above the industry midpoint. Overall, Where Food Comes From has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Where Food Comes From's Piotroski F-Score compare to ANPA and DLHC?
According to the Business Services industry distribution chart, Where Food Comes From ranks #517 out of 1063 companies for Piotroski F-Score. This puts Where Food Comes From in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Where Food Comes From's value of 5 is 0% at this benchmark. Historically, Where Food Comes From's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Where Food Comes From has consistently been at 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,063 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. Where Food Comes From's current Piotroski F-Score of 5 is 0% at 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 Where Food Comes From and its competitors. For the Business Services 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. Where Food Comes From's current Piotroski F-Score is 5, which is 17% below 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 Where Food Comes From stock overvalued right now?
Based on GuruFocus' analysis, Where Food Comes From (WFCF) is currently considered Fairly Valued. The stock's GF Value™ is $12.41, compared to a current price of $12.05 — trading 2.9% below its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Business Services industry median of 5.00. Where Food Comes From's overall GF Score™ is 79/100 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 Where Food Comes From (WFCF), the current Piotroski F-Score is 5 as of Jun. 29, 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 Where Food Comes From (WFCF) Overvalued in 2026?
Based on GuruFocus' analysis, Where Food Comes From stock appears to be undervalued.
The current stock price of $12.05 is trading 2.9% below its estimated GF Value™ of $12.41.
GuruFocus considers Where Food Comes From to be Fairly Valued.
Key valuation signals for WFCF:
Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
GF Value™: $12.41 vs. price of $12.05 (2.9% below fair value)
Industry Position: 0% at the Business Services median (#517 of 1063)
No single metric tells the full story. See the WFCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Where Food Comes From Inc is a third-party food verification company conducting both on-site and desk audits to verify that claims being made about livestock, food, other high-value specialty crops and agricultural and aquaculture products are accurate. The company supports farmers, ranchers, vineyards, wineries, processors, retailers, distributors, trade associations, and restaurants with a wide variety of value-added services provided through its family of verifiers, including International Certification Services, Validus Verification Services, and others. It also provides a wide range of professional consulting services. It generates the majority of its revenue from Verification and certification services.
79GF Score
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