Fleury Michon (XPAR:ALFLE) Piotroski F-Score: 6 (As of Jun. 24, 2026) — Near Median


XPAR:ALFLE Fleury Michon XPAR:ALFLE
68 GF Score
Price €23.70
GF Value €24.27
Valuation Fairly Valued
! 6 Warning Signs
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What is Fleury Michon Piotroski F-Score?

Fleury Michon XPAR:ALFLE -0.42% 68 Piotroski F-Score is 6 as of Jun. 24, 2026, which is at its 10-year median of 6.00. GuruFocus rates XPAR:ALFLE with a GF Score™ of 68/100 and a GF Value™ of €24.27 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,912 Consumer Packaged Goods companies, Fleury Michon ranks better than 73.33% 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

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

XPAR:ALFLE' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of Fleury Michon was 9. The lowest was 3. And the median was 6.

Fleury Michon  (XPAR:ALFLE) 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.


Fleury Michon Piotroski F-Score Related Terms


Fleury Michon Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Fleury Michon'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.

Fleury Michon Piotroski F-Score Chart

Fleury Michon 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 8.00 6.00 9.00 7.00 6.00

Fleury Michon 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 9.00 0.00 7.00 0.00 6.00

XPAR:ALFLE vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Fleury Michon'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.


Fleury Michon Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


XPAR:ALFLE
68GF Score
Fleury Michon XPAR:ALFLE
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 €13.6 Mil.
Cash Flow from Operations was €25.6 Mil.
Revenue was €836.4 Mil.
Gross Profit was €386.3 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (671.073 + 649.188) / 2 = €660.1305 Mil.
Total Assets at the begining of this year (Dec24) was €671.1 Mil.
Long-Term Debt & Capital Lease Obligation was €0.0 Mil.
Total Current Assets was €330.6 Mil.
Total Current Liabilities was €256.6 Mil.
Net Income was €47.7 Mil.

Revenue was €807.0 Mil.
Gross Profit was €387.7 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (659.551 + 671.073) / 2 = €665.312 Mil.
Total Assets at the begining of last year (Dec23) was €659.6 Mil.
Long-Term Debt & Capital Lease Obligation was €0.0 Mil.
Total Current Assets was €362.5 Mil.
Total Current Liabilities was €271.5 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.

Fleury Michon's current Net Income (TTM) was 13.6. ==> 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.

Fleury Michon's current Cash Flow from Operations (TTM) was 25.6. ==> 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)
=13.613/671.073
=0.02028542

ROA (Last Year)=Net Income/Total Assets (Dec23)
=47.743/659.551
=0.07238712

Fleury Michon's return on assets of this year was 0.02028542. Fleury Michon's return on assets of last year was 0.07238712. ==> 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.

Fleury Michon's current Net Income (TTM) was 13.6. Fleury Michon's current Cash Flow from Operations (TTM) was 25.6. ==> 25.6 > 13.6 ==> 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
=0/660.1305
=0

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0/665.312
=0

Fleury Michon's gearing of this year was 0. Fleury Michon's gearing of last year was 0. ==> 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
=330.576/256.576
=1.28841357

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=362.508/271.504
=1.33518475

Fleury Michon's current ratio of this year was 1.28841357. Fleury Michon's current ratio of last year was 1.33518475. ==> 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.

Fleury Michon's number of shares in issue this year was 4.165. Fleury Michon's number of shares in issue last year was 4.171. ==> 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
=386.31/836.4
=0.46187231

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=387.735/807.013
=0.48045694

Fleury Michon's gross margin of this year was 0.46187231. Fleury Michon's gross margin of last year was 0.48045694. ==> 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)
=836.4/671.073
=1.24636217

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=807.013/659.551
=1.22357937

Fleury Michon's asset turnover of this year was 1.24636217. Fleury Michon's asset turnover of last year was 1.22357937. ==> 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+0+1+0+1
=6

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

Fleury Michon 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?
Fleury Michon (XPAR:ALFLE) has a Piotroski F-Score of 6 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Fleury Michon and its competitors. This is near median its historical median of 6.00. Over the past decade, Fleury Michon's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Fleury Michon ranks #510 out of 1912 companies in the Consumer Packaged Goods industry, placing it in the top 26.7%.
Is Fleury Michon's Piotroski F-Score too high?
Fleury Michon'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 3.00 to a high of 9.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Fleury Michon's value of 6 is 20% above this industry median. Based on the distribution chart, Fleury Michon ranks #510 out of 1912 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Fleury Michon has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fleury Michon's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Fleury Michon ranks #510 out of 1912 companies for Piotroski F-Score. This puts Fleury Michon in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Fleury Michon's value of 6 is 20% above this benchmark. Historically, Fleury Michon's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Fleury Michon 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. Fleury Michon'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 Fleury Michon 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. Fleury Michon'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 Fleury Michon stock overvalued right now?
Based on GuruFocus' analysis, Fleury Michon (XPAR:ALFLE) is currently considered Fairly Valued. The stock's GF Value™ is €24.27, compared to a current price of €23.70 — trading 2.3% below 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. Fleury Michon's overall GF Score™ is 68/100 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 Fleury Michon (XPAR:ALFLE), the current Piotroski F-Score is 6 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 Fleury Michon (XPAR:ALFLE) Overvalued in 2026?

Based on GuruFocus' analysis, Fleury Michon stock appears to be undervalued. The current stock price of €23.70 is trading 2.3% below its estimated GF Value™ of €24.27. GuruFocus considers Fleury Michon to be Fairly Valued.

Key valuation signals for XPAR:ALFLE:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: €24.27 vs. price of €23.70 (2.3% below fair value)
  • GF Score™: 68/100 with 6 warning signs
  • Industry Position: 20% above the Consumer Packaged Goods median (#510 of 1912)

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


Fleury Michon Business Description

Other Exchanges 0J75:UK4XZ:Germany
Address La Gare, BP 1, Pouzauges, FRA, 85700
Fleury Michon is a food company. It produces freshly prepared meal products for everyday eating. The firm's products include pork hams, poultry cuts, ready to eat charcuterie, individually prepared meals, and boxed meals and surimi. The company markets and sells its products under Fleury Michon brand name.
68GF Score

Get the complete analysis for XPAR:ALFLE

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

€23.70
Price
€24.27
GF Value