RMB HoldingsJSE:RMH 33 Piotroski F-Score is 2 as of Jun. 28, 2026, which is 60% below its 10-year median of 5.00. GuruFocus rates JSE:RMH with a GF Score™ of 33/100. The stock has 3 warning signs investors should review. Among 1,501 Banks companies, RMB Holdings ranks worse than 95.8% on this metric.
Warning Sign:
Piotroski F-Score of 2 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
RMB Holdings has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for RMB Holdings's Piotroski F-Score or its related term are showing as below:
JSE:RMH'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 7
Current: 2
During the past 13 years, the highest Piotroski F-Score of RMB Holdings was 7. The lowest was 2. 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.
RMB Holdings Piotroski F-Score Related Terms
RMB Holdings Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for RMB 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.
For the Banks - Regional subindustry, RMB 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.
RMB Holdings Piotroski F-Score vs Banks Industry
For the Banks industry and Financial Services sector, RMB Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where RMB 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.
RMB Holdings's current Net Income (TTM) was -245.00.
==> 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.
RMB Holdings's return on assets of this year was -0.25467775. RMB Holdings's return on assets of last year was -0.07929227.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
RMB Holdings's gearing of this year was 0. RMB Holdings's gearing of last year was 0.
==> 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
* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.
RMB Holdings's current ratio of this year was 12.4137931. RMB Holdings's current ratio of last year was 22.37209302.
==> 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.
RMB Holdings's number of shares in issue this year was 1348.8. RMB Holdings's number of shares in issue last year was 1335.162.
==> 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.
* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.
RMB Holdings's net margin of this year was 1.36111111. RMB Holdings's net margin of last year was 1.44047619.
==> Last year's net 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
RMB Holdings's asset turnover of this year was -0.18711019. RMB Holdings's asset turnover of last year was -0.05504587.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
RMB Holdings has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
RMB Holdings (JSE:RMH) has a Piotroski F-Score of 2 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on RMB Holdings and its competitors. This is 60% below median its historical median of 5.00. Over the past decade, RMB Holdings' Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, RMB Holdings ranks #1438 out of 1501 companies in the Banks industry, placing it in the top 95.8%.
Is RMB Holdings' Piotroski F-Score too high?
RMB Holdings' current Piotroski F-Score of 2 is 60% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Banks industry median Piotroski F-Score is 6.00. RMB Holdings' value of 2 is 66.7% below this industry median. Based on the distribution chart, RMB Holdings ranks #1438 out of 1501 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, RMB Holdings has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does RMB Holdings' Piotroski F-Score compare to PNC and USB?
According to the Banks industry distribution chart, RMB Holdings ranks #1438 out of 1501 companies for Piotroski F-Score. This places RMB Holdings in the lower half of its industry. The industry median Piotroski F-Score is 6.00. RMB Holdings' value of 2 is 66.7% below this benchmark. Historically, RMB Holdings' own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, RMB Holdings 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 Banks company?
The median Piotroski F-Score among Banks companies is 6.00, based on 1,501 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. RMB Holdings's current Piotroski F-Score of 2 is 66.7% 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 RMB Holdings and its competitors. For the Banks industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RMB Holdings's current Piotroski F-Score is 2, which is 60% below 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 RMB Holdings stock overvalued right now?
RMB Holdings (JSE:RMH) has a current Piotroski F-Score of 2. The current Piotroski F-Score is 2, which is 60% below median its 10-year median of 5.00 and 66.7% below the Banks industry median of 6.00. RMB Holdings' overall GF Score™ is 33/100 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 RMB Holdings (JSE:RMH), the current Piotroski F-Score is 2 as of Jun. 28, 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.
RMB Holdings Ltd is a South Africa-based investment holding company. The company, through its subsidiary RMH Property Holdings Proprietary Limited (RMH Property), focuses on property investments. Its portfolio companies conduct their businesses in two focus areas: investments and developments. Its portfolio is Atterbury Property Holdings (Atterbury) and Integer Properties.
33GF Score
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