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Gencor IndustriesGENC -0.05%95 Piotroski F-Score is 5 as of Aug. 22, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates GENC with a GF Score™ of 95/100 and a GF Value™ of $15.97 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 208 Farm & Heavy Construction Machinery companies, Gencor Industries ranks better than 57.69% 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
Gencor Industries 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 Gencor Industries's Piotroski F-Score or its related term are showing as below:
GENC'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 9
Current: 5
During the past 13 years, the highest Piotroski F-Score of Gencor Industries was 9. The lowest was 3. And the median was 6.
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.
Gencor Industries Piotroski F-Score Related Terms
Gencor Industries Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Gencor 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.
GENC vs BNC, XOS, SCAG: Piotroski F-Score Comparison
For the Farm & Heavy Construction Machinery subindustry, Gencor 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.
Gencor Industries Piotroski F-Score vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Gencor Industries's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Gencor Industries'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.
Gencor Industries's current Net Income (TTM) was 14.9.
==> 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.
Gencor Industries's return on assets of this year was 0.06762932. Gencor Industries's return on assets of last year was 0.07529925.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Gencor Industries's gearing of this year was 0. Gencor Industries's gearing of last year was 0.00029381.
==> 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
Gencor Industries's current ratio of this year was 19.16169518. Gencor Industries's current ratio of last year was 24.80154608.
==> 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.
Gencor Industries's number of shares in issue this year was 14.658. Gencor Industries's number of shares in issue last year was 14.658.
==> 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.
Gencor Industries's gross margin of this year was 0.28584154. Gencor Industries's gross margin of last year was 0.27677044.
==> 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
Gencor Industries's asset turnover of this year was 0.49970021. Gencor Industries's asset turnover of last year was 0.58252336.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Gencor Industries has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Gencor Industries (GENC) has a Piotroski F-Score of 5 as of Aug. 22, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Gencor Industries and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Gencor Industries' Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Gencor Industries ranks #88 out of 208 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 42.3%.
Is Gencor Industries' Piotroski F-Score too high?
Gencor Industries' current Piotroski F-Score of 5 is 17% 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 9.00. The Farm & Heavy Construction Machinery industry median Piotroski F-Score is 5.00. Gencor Industries' value of 5 is 0% at this industry median. Based on the distribution chart, Gencor Industries ranks #88 out of 208 companies in the Farm & Heavy Construction Machinery industry, which is above the industry midpoint. Overall, Gencor Industries has a GF Score™ of 95/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gencor Industries' Piotroski F-Score compare to BNC and XOS?
According to the Farm & Heavy Construction Machinery industry distribution chart, Gencor Industries ranks #88 out of 208 companies for Piotroski F-Score. This puts Gencor Industries in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Gencor Industries' value of 5 is 0% at this benchmark. Historically, Gencor Industries' own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Gencor Industries 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 a Farm & Heavy Construction Machinery company?
The median Piotroski F-Score among Farm & Heavy Construction Machinery companies is 5.00, based on 208 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. Gencor Industries'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 Gencor Industries and its competitors. For the Farm & Heavy Construction Machinery 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. Gencor Industries's current Piotroski F-Score is 5, which is 17% 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 Gencor Industries stock overvalued right now?
Based on GuruFocus' analysis, Gencor Industries (GENC) is currently considered Modestly Overvalued. The stock's GF Value™ is $15.97, compared to a current price of $19.02 — trading 19.1% above its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Farm & Heavy Construction Machinery industry median of 5.00. Gencor Industries' overall GF Score™ is 95/100 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 Gencor Industries (GENC), the current Piotroski F-Score is 5 as of Aug. 22, 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 Gencor Industries (GENC) Overvalued in 2026?
Based on GuruFocus' analysis, Gencor Industries stock appears to be overvalued.
The current stock price of $19.02 is trading 19.1% above its estimated GF Value™ of $15.97.
GuruFocus considers Gencor Industries to be Modestly Overvalued.
Key valuation signals for GENC:
Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
GF Value™: $15.97 vs. price of $19.02 (19.1% above fair value)
Industry Position: 0% at the Farm & Heavy Construction Machinery median (#88 of 208)
No single metric tells the full story. See the GENC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gencor Industries Inc and its subsidiaries are a manufacturer of heavy machinery used in the production of highway construction materials and environmental control equipment. The Company's products are manufactured in the United States and sold through a combination of Company sales representatives and independent dealers and agents. The Company has one reporting segment, equipment for the highway construction industry. The Company's principal core products include asphalt pavers, hot mix asphalt plants, combustion systems, and fluid heat transfer systems. It operates in the United States, Canada, and other foreign countries, with the majority of revenue coming from the United States.
95GF Score
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