Rio TintoASX:RIO -1.19%78 Piotroski F-Score is 4 as of Jun. 25, 2026, which is 43% below its 10-year median of 7.00. GuruFocus rates ASX:RIO with a GF Score™ of 78/100 and a GF Value™ of A$128.11 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 2,510 Metals & Mining companies, Rio Tinto ranks better than 78.29% 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
Rio Tinto 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 Rio Tinto's Piotroski F-Score or its related term are showing as below:
ASX:RIO'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 7 Max: 9
Current: 4
During the past 13 years, the highest Piotroski F-Score of Rio Tinto was 9. The lowest was 4. And the median was 7.
Rio Tinto (ASX:RIO) 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.
Rio Tinto Piotroski F-Score Related Terms
Rio Tinto Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Rio Tinto'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.
For the Other Industrial Metals & Mining subindustry, Rio Tinto'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.
Rio Tinto Piotroski F-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Rio Tinto's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Rio Tinto'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.
*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.
Rio Tinto's current Net Income (TTM) was 14,999.
==> 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.
Rio Tinto's return on assets of this year was 0.09241475. Rio Tinto's return on assets of last year was 0.11790787.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Rio Tinto's current ratio of this year was 1.44467515. Rio Tinto's current ratio of last year was 1.62820404.
==> 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.
Rio Tinto's number of shares in issue this year was 1638. Rio Tinto's number of shares in issue last year was 1633.4.
==> 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.
Rio Tinto's gross margin of this year was 0.57429127. Rio Tinto's gross margin of last year was 0.56431473.
==> 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
Rio Tinto's asset turnover of this year was 0.53447735. Rio Tinto's asset turnover of last year was 0.54767145.
==> 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
Rio Tinto has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Rio Tinto (ASX:RIO) has a Piotroski F-Score of 4 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Rio Tinto and its competitors. This is 43% below median its historical median of 7.00. Over the past decade, Rio Tinto's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Rio Tinto ranks #545 out of 2510 companies in the Metals & Mining industry, placing it in the top 21.7%.
Is Rio Tinto's Piotroski F-Score too high?
Rio Tinto's current Piotroski F-Score of 4 is 43% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Metals & Mining industry median Piotroski F-Score is 3.00. Rio Tinto's value of 4 is 33.3% above this industry median. Based on the distribution chart, Rio Tinto ranks #545 out of 2510 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Rio Tinto has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Rio Tinto's Piotroski F-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Rio Tinto ranks #545 out of 2510 companies for Piotroski F-Score. This places Rio Tinto in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Rio Tinto's value of 4 is 33.3% above this benchmark. Historically, Rio Tinto'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 7.00 vs. the industry median of 3.00, Rio Tinto 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 Metals & Mining company?
The median Piotroski F-Score among Metals & Mining companies is 3.00, based on 2,510 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. Rio Tinto's current Piotroski F-Score of 4 is 33.3% 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 Rio Tinto and its competitors. For the Metals & Mining industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rio Tinto's current Piotroski F-Score is 4, which is 43% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rio Tinto stock overvalued right now?
Based on GuruFocus' analysis, Rio Tinto (ASX:RIO) is currently considered Significantly Overvalued. The stock's GF Value™ is A$128.11, compared to a current price of A$173.92 — trading 35.8% above its estimated fair value. The current Piotroski F-Score is 4, which is 43% below median its 10-year median of 7.00 and 33.3% above the Metals & Mining industry median of 3.00. Rio Tinto's overall GF Score™ is 78/100 with 10 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 Rio Tinto (ASX:RIO), the current Piotroski F-Score is 4 as of Jun. 25, 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 Rio Tinto (ASX:RIO) Overvalued in 2026?
Based on GuruFocus' analysis, Rio Tinto stock appears to be overvalued.
The current stock price of A$173.92 is trading 35.8% above its estimated GF Value™ of A$128.11.
GuruFocus considers Rio Tinto to be Significantly Overvalued.
Key valuation signals for ASX:RIO:
Piotroski F-Score: 4 (43% below median its 10-year median of 7.00)
GF Value™: A$128.11 vs. price of A$173.92 (35.8% above fair value)
Industry Position: 33.3% above the Metals & Mining median (#545 of 2510)
No single metric tells the full story. See the ASX:RIO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rio Tinto is a global diversified miner. Iron ore is its major commodity, with lesser contributions from copper and aluminum. Lithium, diamonds, gold, and industrial minerals are more minor contributors. The 1995 merger of RTZ and CRA, via a dual-listed structure, created the present-day company. The two operate as a single business entity, with shareholders in each company having equivalent economic and voting rights. Major assets included the Pilbara iron ore operations, a 30% stake in the Escondida copper mine, 66%-ownership of the Oyu Tolgoi copper mine in Mongolia, the Weipa and Gove bauxite mines in Australia, and six hydro-powered aluminum smelters in Canada.
78GF Score
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