Procter & Gamble Company (The)

PG Consumer Defensive Household & Personal Products

Procter & Gamble Company (The)’s revenue for fiscal 2026 (year ended June 2026) was $87.0 billion, up 3.26% from fiscal 2025. In the quarter to June 2026, revenue grew 1.50%, EPS fell 15.2%, free cash flow grew 2.06% and total debt fell 1.07%, each against the same quarter a year earlier. Member of the S&P 500 and Dow Jones; dividend growth for ten consecutive years, revenue growth for five.

153.02 1.79 +1.18%
Market cap
$355.8B
P/E
22.6×
Fwd P/E
20.9×
Dividend yield
2.80%
F-score
6/9
Altman Z
5.43
Beneish M
−2.63
Dividend safety
66/100

Procter & Gamble Company (The) (PG) Piotroski F-score

Alert me on Piotroski F-score

Procter & Gamble Company (The)'s Piotroski F-score for fiscal 2026 is 6 out of 9: 6 of nine tests of profitability, leverage and efficiency passed, unchanged from fiscal 2025.

Piotroski F-score, annual

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Annual newest first

Period Piotroski F-score Change (points)
FY2026 6 0.00
FY2025 6 (1.00)
FY2024 7 1.00
FY2023 6 0.00
FY2022 6 (2.00)
FY2021 8 0.00
FY2020 8 1.00
FY2019 7 2.00
FY2018 5 (2.00)
FY2017 7 —

How fiscal 2026’s score is made up

Test This year Year before Result Points
Positive return on assets 12.52% 12.67% Pass 1
Positive operating cash flow 19.56b 17.82b Pass 1
Rising return on assets 12.52% 12.67% Fail 0
Cash flow above net income 3.80b 2.14b Pass 1
Falling long-term leverage 0.18 0.20 Pass 1
Rising current ratio 0.68 0.70 Fail 0
No new shares issued 2,333,700,000 2,350,100,000 Pass 1
Rising gross margin 50.18% 51.16% Fail 0
Rising asset turnover 0.69 0.68 Pass 1
Piotroski F-score Mixed 6

How the Piotroski F-score works

One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.

Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:

7–9Strong — most fundamentals improved
4–6Mixed
0–3Weak — most fundamentals deteriorated

Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.

Piotroski F-score against peers

What Piotroski F-score is

The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.

One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover

The full definition of Piotroski F-score →

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