Gibraltar Industries (FRA:GI2) Piotroski F-Score: 3 (As of Aug. 16, 2026) — 50% Below Median

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FRA:GI2 Gibraltar Industries Inc FRA:GI2
67 GF Score
Price €40.80
GF Value €79.42
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Gibraltar Industries Piotroski F-Score?

Gibraltar Industries FRA:GI2 -2.86% 67 Piotroski F-Score is 3 as of Aug. 16, 2026, which is 50% below its 10-year median of 6.00. GuruFocus rates FRA:GI2 with a GF Score™ of 67/100 and a GF Value™ of €79.42 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,739 Construction companies, Gibraltar Industries ranks worse than 83.15% 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

Gibraltar Industries 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 Gibraltar Industries's Piotroski F-Score or its related term are showing as below:

FRA:GI2' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 3

During the past 13 years, the highest Piotroski F-Score of Gibraltar Industries was 8. The lowest was 3. And the median was 6.

Gibraltar Industries  (FRA:GI2) 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.


Gibraltar Industries Piotroski F-Score Related Terms


Gibraltar Industries Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Gibraltar Industries'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.

Gibraltar Industries Piotroski F-Score Chart

Gibraltar Industries 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 5.00 8.00 8.00 8.00 3.00

Gibraltar Industries Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 6.00 5.00 3.00 4.00 3.00

FRA:GI2 vs ARLO, NPKI, LMB: Piotroski F-Score Comparison

For the Building Products & Equipment subindustry, Gibraltar Industries'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.


Gibraltar Industries Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Gibraltar Industries's Piotroski F-Score distribution charts can be found below:

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


FRA:GI2
67GF Score
Gibraltar Industries Inc FRA:GI2
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 (Jun26) TTM:Last Year (Jun25) TTM:
Net Income was -75.881 + -2.091 + -58.362 + 7.109 = €-129 Mil.
Cash Flow from Operations was 62.187 + 30.277 + -35.609 + 3.268 = €60 Mil.
Revenue was 264.92 + 229.46 + 308.188 + 442.287 = €1,245 Mil.
Gross Profit was 70.5 + 55.302 + 68.223 + 114.643 = €309 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(1285.546 + 1225 + 1190.137 + 2411.183 + 2418.495) / 5 = €1706.0722 Mil.
Total Assets at the begining of this year (Jun25) was €1,286 Mil.
Long-Term Debt & Capital Lease Obligation was €1,189 Mil.
Total Current Assets was €618 Mil.
Total Current Liabilities was €424 Mil.
Net Income was 30.669 + 44.08 + 19.535 + 22.545 = €117 Mil.

Revenue was 249.696 + 221.171 + 227.88 + 268.351 = €967 Mil.
Gross Profit was 73.327 + 61.702 + 64.614 + 76.153 = €276 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(1279.178 + 1283.556 + 1355.537 + 1331.462 + 1285.546) / 5 = €1307.0558 Mil.
Total Assets at the begining of last year (Jun24) was €1,279 Mil.
Long-Term Debt & Capital Lease Obligation was €44 Mil.
Total Current Assets was €653 Mil.
Total Current Liabilities was €257 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.

Gibraltar Industries's current Net Income (TTM) was -129. ==> 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.

Gibraltar Industries's current Cash Flow from Operations (TTM) was 60. ==> 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 (Jun25)
=-129.225/1285.546
=-0.10052149

ROA (Last Year)=Net Income/Total Assets (Jun24)
=116.829/1279.178
=0.09133131

Gibraltar Industries's return on assets of this year was -0.10052149. Gibraltar Industries's return on assets of last year was 0.09133131. ==> 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.

Gibraltar Industries's current Net Income (TTM) was -129. Gibraltar Industries's current Cash Flow from Operations (TTM) was 60. ==> 60 > -129 ==> 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: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun25 to Jun26
=1188.533/1706.0722
=0.69664871

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=43.837/1307.0558
=0.03353874

Gibraltar Industries's gearing of this year was 0.69664871. Gibraltar Industries's gearing of last year was 0.03353874. ==> 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: Jun26)=Total Current Assets/Total Current Liabilities
=618.401/424.43
=1.45701529

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=653.292/256.873
=2.543249

Gibraltar Industries's current ratio of this year was 1.45701529. Gibraltar Industries's current ratio of last year was 2.543249. ==> 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.

Gibraltar Industries's number of shares in issue this year was 29.809. Gibraltar Industries's number of shares in issue last year was 29.806. ==> 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
=308.668/1244.855
=0.24795498

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=275.796/967.098
=0.28517896

Gibraltar Industries's gross margin of this year was 0.24795498. Gibraltar Industries's gross margin of last year was 0.28517896. ==> Last year's gross margin is higher ==> Score 0.

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 (Jun25)
=1244.855/1285.546
=0.9683473

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=967.098/1279.178
=0.75603083

Gibraltar Industries's asset turnover of this year was 0.9683473. Gibraltar Industries's asset turnover of last year was 0.75603083. ==> 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
=0+1+0+1+0+0+0+0+1
=3

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

Gibraltar Industries 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?
Gibraltar Industries (FRA:GI2) has a Piotroski F-Score of 3 as of Aug. 16, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Gibraltar Industries and its competitors. This is 50% below median its historical median of 6.00. Over the past decade, Gibraltar Industries' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Gibraltar Industries ranks #1446 out of 1739 companies in the Construction industry, placing it in the top 83.2%.
Is Gibraltar Industries' Piotroski F-Score too high?
Gibraltar Industries' current Piotroski F-Score of 3 is 50% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Construction industry median Piotroski F-Score is 5.00. Gibraltar Industries' value of 3 is 40% below this industry median. Based on the distribution chart, Gibraltar Industries ranks #1446 out of 1739 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Gibraltar Industries has a GF Score™ of 67/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Gibraltar Industries' Piotroski F-Score compare to ARLO and NPKI?
According to the Construction industry distribution chart, Gibraltar Industries ranks #1446 out of 1739 companies for Piotroski F-Score. This places Gibraltar Industries in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Gibraltar Industries' value of 3 is 40% below this benchmark. Historically, Gibraltar Industries' own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Gibraltar Industries 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,739 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. Gibraltar Industries'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 Gibraltar Industries and its competitors. For the Construction 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. Gibraltar Industries's current Piotroski F-Score is 3, which is 50% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gibraltar Industries stock overvalued right now?
Based on GuruFocus' analysis, Gibraltar Industries (FRA:GI2) is currently considered Possible Value Trap. The stock's GF Value™ is €79.42, compared to a current price of €40.80 — trading 48.6% below its estimated fair value. The current Piotroski F-Score is 3, which is 50% below median its 10-year median of 6.00 and 40% below the Construction industry median of 5.00. Gibraltar Industries' overall GF Score™ is 67/100 with 4 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 Gibraltar Industries (FRA:GI2), the current Piotroski F-Score is 3 as of Aug. 16, 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 Gibraltar Industries (FRA:GI2) Overvalued in 2026?

Based on GuruFocus' analysis, Gibraltar Industries stock appears to be undervalued. The current stock price of €40.80 is trading 48.6% below its estimated GF Value™ of €79.42. GuruFocus considers Gibraltar Industries to be Possible Value Trap.

Key valuation signals for FRA:GI2:

  • Piotroski F-Score: 3 (50% below median its 10-year median of 6.00)
  • GF Value™: €79.42 vs. price of €40.80 (48.6% below fair value)
  • GF Score™: 67/100 with 4 warning signs
  • Industry Position: 40% below the Construction median (#1446 of 1739)

No single metric tells the full story. See the FRA:GI2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gibraltar Industries Business Description

Other Exchanges ROCK:USA
Address 3556 Lake Shore Road, P.O. Box 2028, Buffalo, NY, USA, 14219-0228
Gibraltar Industries Inc manufactures and provides products and services for the Renewable energy, Residential, Agtech, and Infrastructure markets. The Renewable Segment is engaged in designing, engineering, manufacturing, and installing solar racking and electrical balance systems. Agtech Segment provides growing and processing solutions including the designing, engineering, manufacturing, full-scope construction, maintenance, and support of greenhouses and indoor growing operations, and botanical extraction systems. It derives key revenue from the Residential segment which offers roof and foundation ventilation products, single point and centralized mail systems electronic package solutions, and Retractable awnings and gutter guards, among other products.
67GF Score

Get the complete analysis for FRA:GI2

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

€40.80
Price
€79.42
GF Value