Henkel AG KGaA (XSWX:HEN3) Piotroski F-Score: 6 (As of Jun. 24, 2026) — Near Median


XSWX:HEN3 Henkel AG & Co KGaA XSWX:HEN3
76 GF Score
Price CHF63.74
GF Value CHF64.12
! 2 Warning Signs
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What is Henkel AG KGaA Piotroski F-Score?

Henkel AG KGaA XSWX:HEN3 76 Piotroski F-Score is 6 as of Jun. 24, 2026, which is at its 10-year median of 6.00. GuruFocus rates XSWX:HEN3 with a GF Score™ of 76/100 and a GF Value™ of CHF64.12. The stock has 2 warning signs investors should review. Among 1,912 Consumer Packaged Goods companies, Henkel AG KGaA 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

Henkel AG KGaA 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 Henkel AG KGaA's Piotroski F-Score or its related term are showing as below:

XSWX:HEN3' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of Henkel AG KGaA was 9. The lowest was 4. And the median was 6.

Henkel AG KGaA  (XSWX:HEN3) 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.


Henkel AG KGaA Piotroski F-Score Related Terms


Henkel AG KGaA Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Henkel AG KGaA'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.

Henkel AG KGaA Piotroski F-Score Chart

Henkel AG KGaA 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 5.00 7.00 9.00 6.00

Henkel AG KGaA 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 7.00 0.00 9.00 0.00 6.00

XSWX:HEN3 vs PG, CL, KVUE: Piotroski F-Score Comparison

For the Household & Personal Products subindustry, Henkel AG KGaA'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.


Henkel AG KGaA Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


XSWX:HEN3
76GF Score
Henkel AG & Co KGaA XSWX:HEN3
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 CHF1,899 Mil.
Cash Flow from Operations was CHF2,366 Mil.
Revenue was CHF19,125 Mil.
Gross Profit was CHF9,724 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (32907.976 + 30357.784) / 2 = CHF31632.88 Mil.
Total Assets at the begining of this year (Dec24) was CHF32,908 Mil.
Long-Term Debt & Capital Lease Obligation was CHF1,809 Mil.
Total Current Assets was CHF9,397 Mil.
Total Current Liabilities was CHF7,855 Mil.
Net Income was CHF1,874 Mil.

Revenue was CHF20,153 Mil.
Gross Profit was CHF10,102 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (29920.948 + 32907.976) / 2 = CHF31414.462 Mil.
Total Assets at the begining of last year (Dec23) was CHF29,921 Mil.
Long-Term Debt & Capital Lease Obligation was CHF1,913 Mil.
Total Current Assets was CHF10,303 Mil.
Total Current Liabilities was CHF8,487 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.

Henkel AG KGaA's current Net Income (TTM) was 1,899. ==> 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.

Henkel AG KGaA's current Cash Flow from Operations (TTM) was 2,366. ==> 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)
=1898.936/32907.976
=0.05770443

ROA (Last Year)=Net Income/Total Assets (Dec23)
=1873.76/29920.948
=0.06262368

Henkel AG KGaA's return on assets of this year was 0.05770443. Henkel AG KGaA's return on assets of last year was 0.06262368. ==> 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.

Henkel AG KGaA's current Net Income (TTM) was 1,899. Henkel AG KGaA's current Cash Flow from Operations (TTM) was 2,366. ==> 2,366 > 1,899 ==> 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
=1809.355/31632.88
=0.05719855

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=1912.972/31414.462
=0.06089463

Henkel AG KGaA's gearing of this year was 0.05719855. Henkel AG KGaA's gearing of last year was 0.06089463. ==> 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
=9396.701/7855.157
=1.19624611

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=10303.348/8486.538
=1.21408141

Henkel AG KGaA's current ratio of this year was 1.19624611. Henkel AG KGaA's current ratio of last year was 1.21408141. ==> 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.

Henkel AG KGaA's number of shares in issue this year was 414.407. Henkel AG KGaA's number of shares in issue last year was 419.355. ==> 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
=9724.233/19124.667
=0.50846548

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=10101.688/20152.961
=0.50125081

Henkel AG KGaA's gross margin of this year was 0.50846548. Henkel AG KGaA's gross margin of last year was 0.50125081. ==> 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)
=19124.667/32907.976
=0.58115598

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=20152.961/29920.948
=0.67354019

Henkel AG KGaA's asset turnover of this year was 0.58115598. Henkel AG KGaA's asset turnover of last year was 0.67354019. ==> 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+0+1+1+0+1+1+0
=6

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

Henkel AG KGaA 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?
Henkel AG KGaA (XSWX:HEN3) 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 Henkel AG KGaA and its competitors. This is near median its historical median of 6.00. Over the past decade, Henkel AG KGaA's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Henkel AG KGaA ranks #510 out of 1912 companies in the Consumer Packaged Goods industry, placing it in the top 26.7%.
Is Henkel AG KGaA's Piotroski F-Score too high?
Henkel AG KGaA'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 4.00 to a high of 9.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Henkel AG KGaA's value of 6 is 20% above this industry median. Based on the distribution chart, Henkel AG KGaA ranks #510 out of 1912 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Henkel AG KGaA has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Henkel AG KGaA's Piotroski F-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Henkel AG KGaA ranks #510 out of 1912 companies for Piotroski F-Score. This puts Henkel AG KGaA in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Henkel AG KGaA's value of 6 is 20% above this benchmark. Historically, Henkel AG KGaA's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Henkel AG KGaA 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. Henkel AG KGaA'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 Henkel AG KGaA 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. Henkel AG KGaA'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 Henkel AG KGaA stock overvalued right now?
Henkel AG KGaA (XSWX:HEN3) has a current Piotroski F-Score of 6. The stock's GF Value™ is CHF64.12, compared to a current price of CHF63.74 — trading 0.6% 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. Henkel AG KGaA's overall GF Score™ is 76/100 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 Henkel AG KGaA (XSWX:HEN3), 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 Henkel AG KGaA (XSWX:HEN3) Overvalued in 2026?

Based on GuruFocus' analysis, Henkel AG KGaA stock appears to be undervalued. The current stock price of CHF63.74 is trading 0.6% below its estimated GF Value™ of CHF64.12.

Key valuation signals for XSWX:HEN3:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: CHF64.12 vs. price of CHF63.74 (0.6% below fair value)
  • GF Score™: 76/100 with 2 warning signs
  • Industry Position: 20% above the Consumer Packaged Goods median (#510 of 1912)

No single metric tells the full story. See the XSWX:HEN3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Henkel AG KGaA Business Description

Address Henkelstrasse 67, Duesseldorf, NW, DEU, 40589
Two distinct customer groups constitute Henkel. The consumer segment (around 47% of consolidated 2025 sales) is laundry and homecare, including the Persil and Purex laundry detergent brands; haircare, including the Schwarzkopf brand; and other brands, including Dial in hand soap. The adhesive technologies segment makes up the remaining 53% of sales. Sales in Europe accounted for 38% of the firm's consolidated total in 2025, while Asia-Pacific and North America accounted for 17% and 26%, respectively.
76GF Score

Get the complete analysis for XSWX:HEN3

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

CHF63.74
Price
CHF64.12
GF Value