Cadre HoldingsCDRE +1.70%79 Piotroski F-Score is 5 as of Jun. 25, 2026, which is at its 10-year median of 5.00. GuruFocus rates CDRE with a GF Score™ of 79/100 and a GF Value™ of $38.20 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 319 Aerospace & Defense companies, Cadre Holdings ranks better than 53.61% 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
Cadre Holdings has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Cadre Holdings's Piotroski F-Score or its related term are showing as below:
CDRE'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 5 Max: 7
Current: 5
During the past 7 years, the highest Piotroski F-Score of Cadre Holdings was 7. The lowest was 4. And the median was 5.
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.
Cadre Holdings Piotroski F-Score Related Terms
Cadre Holdings Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Cadre Holdings'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.
CDRE vs SATL, EVEX, NPK: Piotroski F-Score Comparison
For the Aerospace & Defense subindustry, Cadre Holdings'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.
Cadre Holdings Piotroski F-Score vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Cadre Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Cadre Holdings'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.
Cadre Holdings's current Net Income (TTM) was 36.9.
==> 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.
Cadre Holdings's return on assets of this year was 0.05617308. Cadre Holdings's return on assets of last year was 0.06414799.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Cadre Holdings's gearing of this year was 0.46824808. Cadre Holdings's gearing of last year was 0.34987022.
==> 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
Cadre Holdings's current ratio of this year was 2.25803115. Cadre Holdings's current ratio of last year was 3.55000747.
==> 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.
Cadre Holdings's number of shares in issue this year was 43.364. Cadre Holdings's number of shares in issue last year was 40.981.
==> 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.
Cadre Holdings's gross margin of this year was 0.41480513. Cadre Holdings's gross margin of last year was 0.41439996.
==> 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
Cadre Holdings's asset turnover of this year was 0.96851711. Cadre Holdings's asset turnover of last year was 0.93388018.
==> This year's asset turnover is higher. ==> Score 1.
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
+
0
+
0
+
0
+
1
+
1
=
5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Cadre Holdings has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Cadre Holdings (CDRE) has a Piotroski F-Score of 5 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Cadre Holdings and its competitors. This is near median its historical median of 5.00. Over the past decade, Cadre Holdings' Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Cadre Holdings ranks #148 out of 319 companies in the Aerospace & Defense industry, placing it in the top 46.4%.
Is Cadre Holdings' Piotroski F-Score too high?
Cadre Holdings' current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Aerospace & Defense industry median Piotroski F-Score is 5.00. Cadre Holdings' value of 5 is 0% at this industry median. Based on the distribution chart, Cadre Holdings ranks #148 out of 319 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Cadre Holdings has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cadre Holdings' Piotroski F-Score compare to SATL and EVEX?
According to the Aerospace & Defense industry distribution chart, Cadre Holdings ranks #148 out of 319 companies for Piotroski F-Score. This puts Cadre Holdings in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Cadre Holdings' value of 5 is 0% at this benchmark. Historically, Cadre Holdings' own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Cadre Holdings has consistently been at 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 an Aerospace & Defense company?
The median Piotroski F-Score among Aerospace & Defense companies is 5.00, based on 319 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. Cadre Holdings's current Piotroski F-Score of 5 is 0% at 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 Cadre Holdings and its competitors. For the Aerospace & Defense 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. Cadre Holdings's current Piotroski F-Score is 5, which is near 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 Cadre Holdings stock overvalued right now?
Based on GuruFocus' analysis, Cadre Holdings (CDRE) is currently considered Modestly Undervalued. The stock's GF Value™ is $38.20, compared to a current price of $29.24 — trading 23.5% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Aerospace & Defense industry median of 5.00. Cadre Holdings' overall GF Score™ is 79/100 with 3 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 Cadre Holdings (CDRE), the current Piotroski F-Score is 5 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 Cadre Holdings (CDRE) Overvalued in 2026?
Based on GuruFocus' analysis, Cadre Holdings stock appears to be undervalued.
The current stock price of $29.24 is trading 23.5% below its estimated GF Value™ of $38.20.
GuruFocus considers Cadre Holdings to be Modestly Undervalued.
Key valuation signals for CDRE:
Piotroski F-Score: 5 (near median its 10-year median of 5.00)
GF Value™: $38.20 vs. price of $29.24 (23.5% below fair value)
Industry Position: 0% at the Aerospace & Defense median (#148 of 319)
No single metric tells the full story. See the CDRE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cadre Holdings Inc is engaged in the design and manufacture of a diversified product portfolio of critical safety and survivability equipment to protect first responders, federal agencies, outdoor recreation, and personal protection markets. The company's equipment provides critical protection to allow its users to safely and securely perform their duties and protect those around them in hazardous or life-threatening situations. Its operations are comprised of two reportable segments - the Product segment, which is comprised of components that manufacture and sell products, and the Distribution segment, which is comprised of business that serves as a one-stop shop for law enforcement agencies that sells goods produced by the Product segment, as well as other third-party products.
79GF Score
Get the complete analysis for CDRE
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CDRE has been successfully added to your 
