CW (Curtiss-Wright) Piotroski F-Score: 8 (As of Jun. 24, 2026) — 14% Above Median


CW Curtiss-Wright Corp CW
82 GF Score
Price $762.92
GF Value $392.33
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Curtiss-Wright Piotroski F-Score?

Curtiss-Wright CW -0.29% 82 Piotroski F-Score is 8 as of Jun. 24, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates CW with a GF Score™ of 82/100 and a GF Value™ of $392.33 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 319 Aerospace & Defense companies, Curtiss-Wright ranks better than 97.18% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

Curtiss-Wright has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

CW' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of Curtiss-Wright was 9. The lowest was 4. And the median was 7.

Curtiss-Wright  (NYSE:CW) 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.


Curtiss-Wright Piotroski F-Score Related Terms


Curtiss-Wright Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Curtiss-Wright'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.

Curtiss-Wright Piotroski F-Score Chart

Curtiss-Wright Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 8.00 9.00 7.00 8.00

Curtiss-Wright 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 7.00 7.00 8.00 8.00

CW vs FTAI, WWD, AXON: Piotroski F-Score Comparison

For the Aerospace & Defense subindustry, Curtiss-Wright'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.


Curtiss-Wright Piotroski F-Score vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Curtiss-Wright's Piotroski F-Score distribution charts can be found below:

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


CW
82GF Score
Curtiss-Wright Corp CW
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 121.061 + 124.832 + 136.998 + 128.186 = $511 Mil.
Cash Flow from Operations was 136.585 + 192.838 + 352.744 + -5.655 = $677 Mil.
Revenue was 876.576 + 869.17 + 946.981 + 913.687 = $3,606 Mil.
Gross Profit was 326.157 + 327.47 + 355.443 + 331.483 = $1,341 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(4951.791 + 5194.475 + 5102.032 + 5221.292 + 5270.081) / 5 = $5147.9342 Mil.
Total Assets at the begining of this year (Mar25) was $4,952 Mil.
Long-Term Debt & Capital Lease Obligation was $948 Mil.
Total Current Assets was $2,072 Mil.
Total Current Liabilities was $1,360 Mil.
Net Income was 99.471 + 111.16 + 117.852 + 101.337 = $430 Mil.

Revenue was 784.791 + 798.918 + 824.313 + 805.645 = $3,214 Mil.
Gross Profit was 284.101 + 298.263 + 317.43 + 292.464 = $1,192 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(4612.082 + 4748.194 + 4885.738 + 4985.704 + 4951.791) / 5 = $4836.7018 Mil.
Total Assets at the begining of last year (Mar24) was $4,612 Mil.
Long-Term Debt & Capital Lease Obligation was $1,120 Mil.
Total Current Assets was $1,800 Mil.
Total Current Liabilities was $954 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.

Curtiss-Wright's current Net Income (TTM) was 511. ==> 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.

Curtiss-Wright's current Cash Flow from Operations (TTM) was 677. ==> 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)
=511.077/4951.791
=0.10321054

ROA (Last Year)=Net Income/Total Assets (Mar24)
=429.82/4612.082
=0.09319435

Curtiss-Wright's return on assets of this year was 0.10321054. Curtiss-Wright's return on assets of last year was 0.09319435. ==> 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.

Curtiss-Wright's current Net Income (TTM) was 511. Curtiss-Wright's current Cash Flow from Operations (TTM) was 677. ==> 677 > 511 ==> 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
=948.383/5147.9342
=0.18422594

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1120.397/4836.7018
=0.23164484

Curtiss-Wright's gearing of this year was 0.18422594. Curtiss-Wright's gearing of last year was 0.23164484. ==> 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
=2071.667/1360.159
=1.52310649

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1800.012/953.916
=1.88697118

Curtiss-Wright's current ratio of this year was 1.52310649. Curtiss-Wright's current ratio of last year was 1.88697118. ==> 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.

Curtiss-Wright's number of shares in issue this year was 37.058. Curtiss-Wright's number of shares in issue last year was 37.851. ==> 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
=1340.553/3606.414
=0.37171356

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1192.258/3213.667
=0.37099612

Curtiss-Wright's gross margin of this year was 0.37171356. Curtiss-Wright's gross margin of last year was 0.37099612. ==> 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)
=3606.414/4951.791
=0.72830497

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=3213.667/4612.082
=0.69679312

Curtiss-Wright's asset turnover of this year was 0.72830497. Curtiss-Wright's asset turnover of last year was 0.69679312. ==> 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+1+1+1+0+1+1+1
=8

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

Curtiss-Wright has an F-score of 8. 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 8 mean?
Curtiss-Wright (CW) has a Piotroski F-Score of 8 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Curtiss-Wright and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Curtiss-Wright's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Curtiss-Wright ranks #9 out of 319 companies in the Aerospace & Defense industry, placing it in the top 2.8%.
Is Curtiss-Wright's Piotroski F-Score too high?
Curtiss-Wright's current Piotroski F-Score of 8 is 14% above 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 Aerospace & Defense industry median Piotroski F-Score is 5.00. Curtiss-Wright's value of 8 is 60% above this industry median. Based on the distribution chart, Curtiss-Wright ranks #9 out of 319 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Curtiss-Wright has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Curtiss-Wright's Piotroski F-Score compare to FTAI and WWD?
According to the Aerospace & Defense industry distribution chart, Curtiss-Wright ranks #9 out of 319 companies for Piotroski F-Score. This places Curtiss-Wright in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Curtiss-Wright's value of 8 is 60% above this benchmark. Historically, Curtiss-Wright'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 5.00, Curtiss-Wright 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 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. Curtiss-Wright's current Piotroski F-Score of 8 is 60% 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 Curtiss-Wright 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. Curtiss-Wright's current Piotroski F-Score is 8, which is 14% above 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 Curtiss-Wright stock overvalued right now?
Based on GuruFocus' analysis, Curtiss-Wright (CW) is currently considered Significantly Overvalued. The stock's GF Value™ is $392.33, compared to a current price of $762.92 — trading 94.5% above its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 60% above the Aerospace & Defense industry median of 5.00. Curtiss-Wright's overall GF Score™ is 82/100 with 6 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 Curtiss-Wright (CW), the current Piotroski F-Score is 8 as of Jun. 24, 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 Curtiss-Wright (CW) Overvalued in 2026?

Based on GuruFocus' analysis, Curtiss-Wright stock appears to be overvalued. The current stock price of $762.92 is trading 94.5% above its estimated GF Value™ of $392.33. GuruFocus considers Curtiss-Wright to be Significantly Overvalued.

Key valuation signals for CW:

  • Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
  • GF Value™: $392.33 vs. price of $762.92 (94.5% above fair value)
  • GF Score™: 82/100 with 6 warning signs
  • Industry Position: 60% above the Aerospace & Defense median (#9 of 319)

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


Curtiss-Wright Business Description

Other Exchanges CWT:Germany
Address 130 Harbour Place Drive, Suite 300, Davidson, NC, USA, 28036
Curtiss-Wright Corporation delivers engineered products and services to commercial, defence, power generation, and other industrial markets. It offers industrial vehicle components, control systems, weapons handling systems, pumps, valves, and other solutions. The company has three reportable segments based on the markets serviced: Naval & Power, which provides coolant pumps, power-dense compact motors, generators, secondary propulsion systems, pumps, pump seals, valves, control rod drive mechanisms, and fastening systems that also generate maximum revenue for the company; its other segments are Aerospace & Industrial and Defense Electronics. Geographically, the company generates its key revenue from the United States of America, followed by the United Kingdom and other countries.
82GF Score

Get the complete analysis for CW

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

$762.92
Price
$392.33
GF Value