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United Breweries CoXSGO:CCU -0.62%76 Piotroski F-Score is 4 as of Jul. 17, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates XSGO:CCU with a GF Score™ of 76/100 and a GF Value™ of CLP6,272.66 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 207 Beverages - Alcoholic companies, United Breweries Co ranks worse than 64.25% 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 Breweries Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for United Breweries Co's Piotroski F-Score or its related term are showing as below:
XSGO:CCU'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 9
Current: 4
During the past 13 years, the highest Piotroski F-Score of United Breweries Co was 9. The lowest was 3. And the median was 5.
United Breweries Co (XSGO:CCU) 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.
United Breweries Co Piotroski F-Score Related Terms
United Breweries Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for United Breweries Co'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.
XSGO:CCU vs BUD, STZ, TAP: Piotroski F-Score Comparison
For the Beverages - Brewers subindustry, United Breweries Co'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 Breweries Co Piotroski F-Score vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, United Breweries Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where United Breweries Co'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.
This Year (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was -11218 + 15496.493 + 55096.128 + 53855.975 = CLP113,231 Mil. Cash Flow from Operations was -32261 + 0 + 125806.151 + 174270.174 = CLP267,815 Mil. Revenue was 579914 + 658627.852 + 853413.104 + 819515.279 = CLP2,911,470 Mil. Gross Profit was 236832 + 279936.008 + 392642.183 + 387522.422 = CLP1,296,933 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(3914111.3 + 3512955 + 3597681.132 + 3645386.969 + 3745351.668) / 5 = CLP3683097.2138 Mil. Total Assets at the begining of this year (Mar25) was CLP3,914,111 Mil. Long-Term Debt & Capital Lease Obligation was CLP1,091,468 Mil. Total Current Assets was CLP1,510,235 Mil. Total Current Liabilities was CLP741,929 Mil.
Net Income was 5040 + 29548.452 + 74152.702 + 57777.608 = CLP166,519 Mil.
Revenue was 524641 + 665823.272 + 968077.719 + 817670.591 = CLP2,976,213 Mil. Gross Profit was 210113 + 288284.768 + 463083.892 + 382181.409 = CLP1,343,663 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(3717092.578 + 3590400.673 + 3659494.657 + 3989716.99 + 3914111.3) / 5 = CLP3774163.2396 Mil. Total Assets at the begining of last year (Mar24) was CLP3,717,093 Mil. Long-Term Debt & Capital Lease Obligation was CLP1,248,848 Mil. Total Current Assets was CLP1,719,202 Mil. Total Current Liabilities was CLP796,886 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 Breweries Co's current Net Income (TTM) was 113,231.
==> 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 Breweries Co's current Cash Flow from Operations (TTM) was 267,815.
==> 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.
United Breweries Co's return on assets of this year was 0.02892881. United Breweries Co's return on assets of last year was 0.04479812.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
United Breweries Co's gearing of this year was 0.29634514. United Breweries Co's gearing of last year was 0.33089389.
==> 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
United Breweries Co's current ratio of this year was 2.03555094. United Breweries Co's current ratio of last year was 2.15740002.
==> 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 Breweries Co's number of shares in issue this year was 369.509. United Breweries Co's number of shares in issue last year was 369.493.
==> There is larger number of shares in issue this year. ==> Score 0.
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.
United Breweries Co's gross margin of this year was 0.44545625. United Breweries Co's gross margin of last year was 0.45146744.
==> 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
United Breweries Co's asset turnover of this year was 0.74383941. United Breweries Co's asset turnover of last year was 0.80068293.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
United Breweries Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.
United Breweries Co (XSGO:CCU) has a Piotroski F-Score of 4 as of Jul. 17, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on United Breweries Co and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, United Breweries Co's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, United Breweries Co ranks #133 out of 207 companies in the Beverages - Alcoholic industry, placing it in the top 64.3%.
Is United Breweries Co's Piotroski F-Score too high?
United Breweries Co's current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Beverages - Alcoholic industry median Piotroski F-Score is 5.00. United Breweries Co's value of 4 is 20% below this industry median. Based on the distribution chart, United Breweries Co ranks #133 out of 207 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, United Breweries Co has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does United Breweries Co's Piotroski F-Score compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, United Breweries Co ranks #133 out of 207 companies for Piotroski F-Score. This places United Breweries Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. United Breweries Co's value of 4 is 20% below this benchmark. Historically, United Breweries Co'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 5.00 vs. the industry median of 5.00, United Breweries Co has consistently been below 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 Beverages - Alcoholic company?
The median Piotroski F-Score among Beverages - Alcoholic companies is 5.00, based on 207 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 Breweries Co's current Piotroski F-Score of 4 is 20% below 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 Breweries Co and its competitors. For the Beverages - Alcoholic 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 Breweries Co's current Piotroski F-Score is 4, which is 20% below median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Breweries Co stock overvalued right now?
Based on GuruFocus' analysis, United Breweries Co (XSGO:CCU) is currently considered Modestly Undervalued. The stock's GF Value™ is CLP6,272.66, compared to a current price of CLP5,206.70 — trading 17% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Beverages - Alcoholic industry median of 5.00. United Breweries Co's overall GF Score™ is 76/100 with 5 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 Breweries Co (XSGO:CCU), the current Piotroski F-Score is 4 as of Jul. 17, 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 Breweries Co (XSGO:CCU) Overvalued in 2026?
Based on GuruFocus' analysis, United Breweries Co stock appears to be undervalued.
The current stock price of CLP5,206.70 is trading 17% below its estimated GF Value™ of CLP6,272.66.
GuruFocus considers United Breweries Co to be Modestly Undervalued.
Key valuation signals for XSGO:CCU:
Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
GF Value™: CLP6,272.66 vs. price of CLP5,206.70 (17% below fair value)
Industry Position: 20% below the Beverages - Alcoholic median (#133 of 207)
No single metric tells the full story. See the XSGO:CCU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
United Breweries Co Inc is a multi-category beverage company with operations in Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay. The company is a player in each one of the beverage categories in which it participates in Chile, including beer, soft drinks, mineral and bottled water, juice, wine, cider and pisco, among others. The Company has three operating segment with respect to its revenues in the geographic areas of commercial activity: Chile; International business and Wine. It generates maximum revenue from Chile.
76GF Score
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