RTX AS (CHIX:RTXC) Piotroski F-Score: 7 (As of Jun. 26, 2026) — Near Median


CHIX:RTXC RTX AS CHIX:RTXC
89 GF Score
Price kr158.80
GF Value kr136.70
! 3 Warning Signs
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What is RTX AS Piotroski F-Score?

RTX AS CHIX:RTXC 89 Piotroski F-Score is 7 as of Jun. 26, 2026, which is at its 10-year median of 7.00. GuruFocus rates CHIX:RTXC with a GF Score™ of 89/100 and a GF Value™ of kr136.70. The stock has 3 warning signs investors should review. Among 2,426 Hardware companies, RTX AS ranks better than 91.14% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

RTX AS has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

CHIX:RTXc' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 7   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of RTX AS was 9. The lowest was 3. And the median was 7.

RTX AS  (CHIX:RTXc) 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.


RTX AS Piotroski F-Score Related Terms


RTX AS Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for RTX AS'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.

RTX AS Piotroski F-Score Chart

RTX AS Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 4.00 7.00 5.00 7.00

RTX AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 8.00 7.00 8.00 7.00

CHIX:RTXC vs CSCO, CIEN, MSI: Piotroski F-Score Comparison

For the Communication Equipment subindustry, RTX AS'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.


RTX AS Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, RTX AS's Piotroski F-Score distribution charts can be found below:

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


CHIX:RTXC
89GF Score
RTX AS CHIX:RTXC
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 5.221 + 4.526 + -8.267 + 10.625 = kr12.1 Mil.
Cash Flow from Operations was 19.945 + 41.968 + 13.26 + -4.659 = kr70.5 Mil.
Revenue was 146.928 + 139.79 + 107.778 + 156.597 = kr551.1 Mil.
Gross Profit was 83.767 + 74.196 + 67.378 + 95.472 = kr320.8 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(497.873 + 499.83 + 490.515 + 474.48 + 507.844) / 5 = kr494.1084 Mil.
Total Assets at the begining of this year (Mar25) was kr497.9 Mil.
Long-Term Debt & Capital Lease Obligation was kr43.1 Mil.
Total Current Assets was kr317.7 Mil.
Total Current Liabilities was kr118.0 Mil.
Net Income was 0.63 + 9.397 + -7.203 + 7.911 = kr10.7 Mil.

Revenue was 141.94 + 149.291 + 100.525 + 159.864 = kr551.6 Mil.
Gross Profit was 72.95 + 80.342 + 54.536 + 85.172 = kr293.0 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(467.058 + 488.322 + 491.268 + 471.567 + 497.873) / 5 = kr483.2176 Mil.
Total Assets at the begining of last year (Mar24) was kr467.1 Mil.
Long-Term Debt & Capital Lease Obligation was kr48.7 Mil.
Total Current Assets was kr325.6 Mil.
Total Current Liabilities was kr98.8 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.

RTX AS's current Net Income (TTM) was 12.1. ==> 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.

RTX AS's current Cash Flow from Operations (TTM) was 70.5. ==> 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 (Mar25)
=12.105/497.873
=0.02431343

ROA (Last Year)=Net Income/Total Assets (Mar24)
=10.735/467.058
=0.0229843

RTX AS's return on assets of this year was 0.02431343. RTX AS's return on assets of last year was 0.0229843. ==> This year is higher. ==> Score 1.

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.

RTX AS's current Net Income (TTM) was 12.1. RTX AS's current Cash Flow from Operations (TTM) was 70.5. ==> 70.5 > 12.1 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=43.079/494.1084
=0.08718532

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=48.717/483.2176
=0.10081793

RTX AS's gearing of this year was 0.08718532. RTX AS's gearing of last year was 0.10081793. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=317.689/117.991
=2.69248502

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=325.598/98.838
=3.29425929

RTX AS's current ratio of this year was 2.69248502. RTX AS's current ratio of last year was 3.29425929. ==> 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.

RTX AS's number of shares in issue this year was 7.93. RTX AS's number of shares in issue last year was 8.042. ==> 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
=320.813/551.093
=0.58213949

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=293/551.62
=0.53116276

RTX AS's gross margin of this year was 0.58213949. RTX AS's gross margin of last year was 0.53116276. ==> 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 (Mar25)
=551.093/497.873
=1.10689473

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=551.62/467.058
=1.18105246

RTX AS's asset turnover of this year was 1.10689473. RTX AS's asset turnover of last year was 1.18105246. ==> 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+1+1+1+0+1+1+0
=7

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

RTX AS has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
RTX AS (CHIX:RTXC) has a Piotroski F-Score of 7 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on RTX AS and its competitors. This is near median its historical median of 7.00. Over the past decade, RTX AS's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, RTX AS ranks #215 out of 2426 companies in the Hardware industry, placing it in the top 8.9%.
Is RTX AS's Piotroski F-Score too high?
RTX AS's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Hardware industry median Piotroski F-Score is 5.00. RTX AS's value of 7 is 40% above this industry median. Based on the distribution chart, RTX AS ranks #215 out of 2426 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, RTX AS has a GF Score™ of 89/100, reflecting its overall financial health beyond just this single metric.
How does RTX AS's Piotroski F-Score compare to CSCO and CIEN?
According to the Hardware industry distribution chart, RTX AS ranks #215 out of 2426 companies for Piotroski F-Score. This places RTX AS in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. RTX AS's value of 7 is 40% above this benchmark. Historically, RTX AS's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, RTX AS 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,426 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. RTX AS's current Piotroski F-Score of 7 is 40% 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 RTX AS and its competitors. For the Hardware 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. RTX AS's current Piotroski F-Score is 7, which is near 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 RTX AS stock overvalued right now?
RTX AS (CHIX:RTXC) has a current Piotroski F-Score of 7. The stock's GF Value™ is kr136.70, compared to a current price of kr158.80 — trading 16.2% above its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Hardware industry median of 5.00. RTX AS's overall GF Score™ is 89/100 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 RTX AS (CHIX:RTXC), the current Piotroski F-Score is 7 as of Jun. 26, 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 RTX AS (CHIX:RTXC) Overvalued in 2026?

Based on GuruFocus' analysis, RTX AS stock appears to be overvalued. The current stock price of kr158.80 is trading 16.2% above its estimated GF Value™ of kr136.70.

Key valuation signals for CHIX:RTXC:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: kr136.70 vs. price of kr158.80 (16.2% above fair value)
  • GF Score™: 89/100 with 3 warning signs
  • Industry Position: 40% above the Hardware median (#215 of 2426)

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


RTX AS Business Description

Other Exchanges RTX:DenmarkRTE:Germany
Address Stroemmen 6, Noerresundby, DNK, 9400
RTX AS is engaged in the design, development, and production of wireless communication solutions rooted in a combination of software and hardware. It delivers turnkey solutions to globally recognized B2B customers. Its operating segment includes Enterprise, ProAudio, and Healthcare. In Enterprise, the company designs, develops, and supplies wireless IP telephony products and sub-systems. In ProAudio, it designs, develops, and manufactures wireless audio solutions. In Healthcare, the company builds wireless technology into modern healthcare services, providing patient monitoring solutions and wireless communication infrastructure for high-tech medical devices. The company has a presence in Denmark, the USA, Hong Kong, France, Germany, and other countries.
89GF Score

Get the complete analysis for CHIX:RTXC

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

kr158.80
Price
kr136.70
GF Value