RBR Group (ASX:RBR) Piotroski F-Score: 3 (As of Jun. 27, 2026) — Near Median


What is RBR Group Piotroski F-Score?

RBR Group ASX:RBR Piotroski F-Score is 3 as of Jun. 27, 2026, which is at its 10-year median of 3.00. The stock has 7 warning signs investors should review. Among 1,063 Business Services companies, RBR Group ranks worse than 84.95% on this metric.

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

RBR Group has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

ASX:RBR' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 3   Max: 6
Current: 3

During the past 13 years, the highest Piotroski F-Score of RBR Group was 6. The lowest was 2. And the median was 3.

RBR Group  (ASX:RBR) 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.


RBR Group Piotroski F-Score Related Terms


RBR Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for RBR 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.

RBR Group Piotroski F-Score Chart

RBR Group Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 6.00 2.00 3.00 3.00

RBR Group 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 0.00 3.00 0.00 3.00 0.00

ASX:RBR vs CTAS, CPRT, GPN: Piotroski F-Score Comparison

For the Specialty Business Services subindustry, RBR 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.


RBR Group Piotroski F-Score vs Business Services Industry

For the Business Services industry and Industrials sector, RBR Group's Piotroski F-Score distribution charts can be found below:

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


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 (Jun25) TTM:Last Year (Jun24) TTM:
Net Income was A$-1.36 Mil.
Cash Flow from Operations was A$-0.71 Mil.
Revenue was A$0.95 Mil.
Gross Profit was A$0.84 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (4.262 + 4.023) / 2 = A$4.1425 Mil.
Total Assets at the begining of this year (Jun24) was A$4.26 Mil.
Long-Term Debt & Capital Lease Obligation was A$1.03 Mil.
Total Current Assets was A$1.66 Mil.
Total Current Liabilities was A$1.58 Mil.
Net Income was A$-0.98 Mil.

Revenue was A$7.60 Mil.
Gross Profit was A$3.05 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (9.614 + 4.262) / 2 = A$6.938 Mil.
Total Assets at the begining of last year (Jun23) was A$9.61 Mil.
Long-Term Debt & Capital Lease Obligation was A$1.03 Mil.
Total Current Assets was A$1.06 Mil.
Total Current Liabilities was A$1.60 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.

RBR Group's current Net Income (TTM) was -1.36. ==> Negative ==> Score 0.

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.

RBR Group's current Cash Flow from Operations (TTM) was -0.71. ==> Negative ==> Score 0.

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 (Jun24)
=-1.362/4.262
=-0.31956828

ROA (Last Year)=Net Income/Total Assets (Jun23)
=-0.979/9.614
=-0.10183066

RBR Group's return on assets of this year was -0.31956828. RBR Group's return on assets of last year was -0.10183066. ==> 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.

RBR Group's current Net Income (TTM) was -1.36. RBR Group's current Cash Flow from Operations (TTM) was -0.71. ==> -0.71 > -1.36 ==> 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: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=1.033/4.1425
=0.24936632

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=1.033/6.938
=0.14889017

RBR Group's gearing of this year was 0.24936632. RBR Group's gearing of last year was 0.14889017. ==> Last year is lower than this year ==> Score 0.

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: Jun25)=Total Current Assets/Total Current Liabilities
=1.655/1.578
=1.04879594

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=1.056/1.6
=0.66

RBR Group's current ratio of this year was 1.04879594. RBR Group's current ratio of last year was 0.66. ==> 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.

RBR Group's number of shares in issue this year was 79.644. RBR Group's number of shares in issue last year was 61.837. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=0.839/0.946
=0.88689218

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3.046/7.595
=0.40105332

RBR Group's gross margin of this year was 0.88689218. RBR Group's gross margin of last year was 0.40105332. ==> 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 (Jun24)
=0.946/4.262
=0.22196152

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=7.595/9.614
=0.78999376

RBR Group's asset turnover of this year was 0.22196152. RBR Group's asset turnover of last year was 0.78999376. ==> 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
=0+0+0+1+0+1+0+1+0
=3

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

RBR Group has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
RBR Group (ASX:RBR) has a Piotroski F-Score of 3 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on RBR Group and its competitors. This is near median its historical median of 3.00. Over the past decade, RBR Group's Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, RBR Group ranks #903 out of 1063 companies in the Business Services industry, placing it in the top 84.9%.
Is RBR Group's Piotroski F-Score too high?
RBR Group's current Piotroski F-Score of 3 is near median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 6.00. The Business Services industry median Piotroski F-Score is 5.00. RBR Group's value of 3 is 40% below this industry median. Based on the distribution chart, RBR Group ranks #903 out of 1063 companies in the Business Services industry, which is in the bottom quartile relative to peers.
How does RBR Group's Piotroski F-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, RBR Group ranks #903 out of 1063 companies for Piotroski F-Score. This places RBR Group in the lower half of its industry. The industry median Piotroski F-Score is 5.00. RBR Group's value of 3 is 40% below this benchmark. Historically, RBR Group's own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, RBR Group 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,063 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. RBR Group's current Piotroski F-Score of 3 is 40% 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 RBR Group and its competitors. For the Business Services 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. RBR Group's current Piotroski F-Score is 3, which is near median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RBR Group stock overvalued right now?
Based on GuruFocus' analysis, RBR Group (ASX:RBR) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.01, compared to a current price of A$0.02 — trading 60% above its estimated fair value. The current Piotroski F-Score is 3, which is near median its 10-year median of 3.00 and 40% below the Business Services industry median of 5.00. 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 RBR Group (ASX:RBR), the current Piotroski F-Score is 3 as of Jun. 27, 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.

RBR Group Business Description

Address 245 Churchill Avenue, Suite 6, Subiaco, Perth, WA, AUS, 6008
RBR Group Ltd is domiciled in Australia. It is engaged in providing labor, training, and professional services in Mozambique. It offers Training services, Labour brokering, and business services. The group mainly recruits, trains, and then supplies skilled, fit-for-work staff to its clients. The group is organized into two operating segments recognized according to the geographical location in which the business operates: Asia-Pacific and Africa. It earns substantial revenue from Africa. The group generates maximum revenue from Projectos Dinamicos, Lda, which includes camp construction contracts in Mozambique and rental revenue from leasing accommodation and facilities, and the rest of its revenue is generated from the provision of business, training, payroll, and other services.