WHGRF (WH Group) Piotroski F-Score: 7 (As of Jun. 24, 2026) — 17% Above Median


WHGRF WH Group Ltd WHGRF
59 GF Score
Price $1.10
GF Value $0.79
Valuation Significantly Overvalued
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What is WH Group Piotroski F-Score?

WH Group WHGRF 59 Piotroski F-Score is 7 as of Jun. 24, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates WHGRF with a GF Score™ of 59/100 and a GF Value™ of $0.79 (Significantly Overvalued). Among 1,912 Consumer Packaged Goods companies, WH Group ranks better than 88.6% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

WH Group has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

WHGRF' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 8
Current: 7

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

WH Group  (OTCPK:WHGRF) 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.


WH Group Piotroski F-Score Related Terms


WH Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for WH Group'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.

WH Group Piotroski F-Score Chart

WH Group 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 8.00 7.00

WH Group Quarterly Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 8.00 0.00 0.00 0.00 7.00

WHGRF vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, WH Group'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.


WH Group Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


WHGRF
59GF Score
WH Group Ltd WHGRF
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 $1,567 Mil.
Cash Flow from Operations was $2,526 Mil.
Revenue was $28,026 Mil.
Gross Profit was $4,987 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (19841 + 21910) / 2 = $20875.5 Mil.
Total Assets at the begining of this year (Dec24) was $19,841 Mil.
Long-Term Debt & Capital Lease Obligation was $2,415 Mil.
Total Current Assets was $9,712 Mil.
Total Current Liabilities was $5,117 Mil.
Net Income was $1,612 Mil.

Revenue was $25,941 Mil.
Gross Profit was $5,200 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (19179 + 19841) / 2 = $19510 Mil.
Total Assets at the begining of last year (Dec23) was $19,179 Mil.
Long-Term Debt & Capital Lease Obligation was $2,599 Mil.
Total Current Assets was $8,228 Mil.
Total Current Liabilities was $4,391 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.

WH Group's current Net Income (TTM) was 1,567. ==> 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.

WH Group's current Cash Flow from Operations (TTM) was 2,526. ==> 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)
=1567/19841
=0.07897787

ROA (Last Year)=Net Income/Total Assets (Dec23)
=1612/19179
=0.08405026

WH Group's return on assets of this year was 0.07897787. WH Group's return on assets of last year was 0.08405026. ==> Last year is higher ==> Score 0.

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.

WH Group's current Net Income (TTM) was 1,567. WH Group's current Cash Flow from Operations (TTM) was 2,526. ==> 2,526 > 1,567 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=2415/20875.5
=0.11568585

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=2599/19510
=0.13321374

WH Group's gearing of this year was 0.11568585. WH Group's gearing of last year was 0.13321374. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=9712/5117
=1.8979871

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=8228/4391
=1.87383284

WH Group's current ratio of this year was 1.8979871. WH Group's current ratio of last year was 1.87383284. ==> 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.

WH Group's number of shares in issue this year was 12830. WH Group's number of shares in issue last year was 12830. ==> 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
=4987/28026
=0.17794191

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5200/25941
=0.20045488

WH Group's gross margin of this year was 0.17794191. WH Group's gross margin of last year was 0.20045488. ==> 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 (Dec24)
=28026/19841
=1.41252961

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=25941/19179
=1.35257313

WH Group's asset turnover of this year was 1.41252961. WH Group's asset turnover of last year was 1.35257313. ==> 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+0+1+1+1+1+0+1
=7

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

WH Group has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
WH Group (WHGRF) has a Piotroski F-Score of 7 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on WH Group and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, WH Group's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, WH Group ranks #218 out of 1912 companies in the Consumer Packaged Goods industry, placing it in the top 11.4%.
Is WH Group's Piotroski F-Score too high?
WH Group's current Piotroski F-Score of 7 is 17% above 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. WH Group's value of 7 is 40% above this industry median. Based on the distribution chart, WH Group ranks #218 out of 1912 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, WH Group has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does WH Group's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, WH Group ranks #218 out of 1912 companies for Piotroski F-Score. This places WH Group in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. WH Group's value of 7 is 40% above this benchmark. Historically, WH Group'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, WH Group 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 1,912 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. WH Group's current Piotroski F-Score of 7 is 40% 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 WH Group 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. WH Group's current Piotroski F-Score is 7, which is 17% above 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 WH Group stock overvalued right now?
Based on GuruFocus' analysis, WH Group (WHGRF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.79, compared to a current price of $1.10 — trading 39.2% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Consumer Packaged Goods industry median of 5.00. WH Group's overall GF Score™ is 59/100. 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 WH Group (WHGRF), the current Piotroski F-Score is 7 as of Jun. 24, 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 WH Group (WHGRF) Overvalued in 2026?

Based on GuruFocus' analysis, WH Group stock appears to be overvalued. The current stock price of $1.10 is trading 39.2% above its estimated GF Value™ of $0.79. GuruFocus considers WH Group to be Significantly Overvalued.

Key valuation signals for WHGRF:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: $0.79 vs. price of $1.10 (39.2% above fair value)
  • GF Score™: 59/100
  • Industry Position: 40% above the Consumer Packaged Goods median (#218 of 1912)

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


WH Group Business Description

Address 1 Austin Road West, Unit 7602B-7604A, Level 76, International Commerce Centre, Kowloon, Hong Kong, HKG
WH Group is a holding company and the world's largest vertically integrated producer of pork and related packaged meat products. Its revenue is mainly derived from activities undertaken by its China and US operations, which are respectively via 70.3%-owned Henan Shuanghui Investment & Development Company and wholly owned Smithfield Foods Inc. In the US, its key packaged meats brands, in which it has a 6% market share, include Nathan's hot dogs, Armour, John Morrell, and Curly's, while in China, products are mainly under the Shuanghui brand, where it also has a 25% market share. We expect the company's operating profit to be split almost equally between the US and China in the future with a small contribution from Europe.
59GF Score

Get the complete analysis for WHGRF

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

$1.10
Price
$0.79
GF Value