KNF (Knife River) Piotroski F-Score: 4 (As of Jul. 11, 2026) — Near Median


KNF Knife River Corp KNF
77 GF Score
Price $81.09
GF Value $86.30
Valuation Fairly Valued
! 1 Warning Sign
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What is Knife River Piotroski F-Score?

Knife River KNF +3.55% 77 Piotroski F-Score is 4 as of Jul. 11, 2026, which is at its 10-year median of 4.00. GuruFocus rates KNF with a GF Score™ of 77/100 and a GF Value™ of $86.30 (Fairly Valued). The stock has 1 warning sign investors should review. Among 395 Building Materials companies, Knife River ranks worse than 70.63% 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

Knife River has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

KNF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 7
Current: 4

During the past 6 years, the highest Piotroski F-Score of Knife River was 7. The lowest was 3. And the median was 4.

Knife River  (NYSE:KNF) 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.


Knife River Piotroski F-Score Related Terms


Knife River Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Knife River'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.

Knife River Piotroski F-Score Chart

Knife River Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A 7.00 6.00 4.00

Knife River Quarterly Data
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 4.00 5.00 3.00 4.00 4.00

KNF vs TTAM, EXP, USLM: Piotroski F-Score Comparison

For the Building Materials subindustry, Knife River'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.


Knife River Piotroski F-Score vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Knife River's Piotroski F-Score distribution charts can be found below:

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


KNF
77GF Score
Knife River Corp KNF
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 50.603 + 143.151 + 32.03 + -79.176 = $147 Mil.
Cash Flow from Operations was -42.57 + 250.43 + 195.892 + -58.55 = $345 Mil.
Revenue was 833.759 + 1203.717 + 755.064 + 410.131 = $3,203 Mil.
Gross Profit was 157.246 + 284.334 + 145.344 + -2.772 = $584 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(3280.707 + 3631.463 + 3703.317 + 3650.113 + 3817.863) / 5 = $3616.6926 Mil.
Total Assets at the begining of this year (Mar25) was $3,281 Mil.
Long-Term Debt & Capital Lease Obligation was $1,456 Mil.
Total Current Assets was $942 Mil.
Total Current Liabilities was $352 Mil.
Net Income was 77.929 + 148.104 + 23.273 + -68.71 = $181 Mil.

Revenue was 806.906 + 1105.293 + 657.216 + 353.471 = $2,923 Mil.
Gross Profit was 176.22 + 273.011 + 114.105 + -9.595 = $554 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2513.643 + 2682.862 + 2884.117 + 2851.202 + 3280.707) / 5 = $2842.5062 Mil.
Total Assets at the begining of last year (Mar24) was $2,514 Mil.
Long-Term Debt & Capital Lease Obligation was $1,194 Mil.
Total Current Assets was $947 Mil.
Total Current Liabilities was $322 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.

Knife River's current Net Income (TTM) was 147. ==> 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.

Knife River's current Cash Flow from Operations (TTM) was 345. ==> 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)
=146.608/3280.707
=0.04468793

ROA (Last Year)=Net Income/Total Assets (Mar24)
=180.596/2513.643
=0.07184632

Knife River's return on assets of this year was 0.04468793. Knife River's return on assets of last year was 0.07184632. ==> 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.

Knife River's current Net Income (TTM) was 147. Knife River's current Cash Flow from Operations (TTM) was 345. ==> 345 > 147 ==> 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
=1455.633/3616.6926
=0.40247628

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1193.503/2842.5062
=0.41987701

Knife River's gearing of this year was 0.40247628. Knife River's gearing of last year was 0.41987701. ==> 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
=942.311/352.288
=2.67483139

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=946.704/322.066
=2.93947203

Knife River's current ratio of this year was 2.67483139. Knife River's current ratio of last year was 2.93947203. ==> 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.

Knife River's number of shares in issue this year was 56.71. Knife River's number of shares in issue last year was 56.626. ==> 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
=584.152/3202.671
=0.18239526

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=553.741/2922.886
=0.18945008

Knife River's gross margin of this year was 0.18239526. Knife River's gross margin of last year was 0.18945008. ==> 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 (Mar25)
=3202.671/3280.707
=0.97621366

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2922.886/2513.643
=1.16280872

Knife River's asset turnover of this year was 0.97621366. Knife River's asset turnover of last year was 1.16280872. ==> 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+0+1+1+0+0+0+0
=4

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

Knife River has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
Knife River (KNF) has a Piotroski F-Score of 4 as of Jul. 11, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Knife River and its competitors. This is near median its historical median of 4.00. Over the past decade, Knife River's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Knife River ranks #279 out of 395 companies in the Building Materials industry, placing it in the top 70.6%.
Is Knife River's Piotroski F-Score too high?
Knife River's current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Building Materials industry median Piotroski F-Score is 5.00. Knife River's value of 4 is 20% below this industry median. Based on the distribution chart, Knife River ranks #279 out of 395 companies in the Building Materials industry, which is below the industry midpoint. Overall, Knife River has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Knife River's Piotroski F-Score compare to TTAM and EXP?
According to the Building Materials industry distribution chart, Knife River ranks #279 out of 395 companies for Piotroski F-Score. This places Knife River in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Knife River's value of 4 is 20% below this benchmark. Historically, Knife River's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Knife River 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 Building Materials company?
The median Piotroski F-Score among Building Materials companies is 5.00, based on 395 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. Knife River's current Piotroski F-Score of 4 is 20% 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 Knife River and its competitors. For the Building Materials 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. Knife River's current Piotroski F-Score is 4, which is near median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Knife River stock overvalued right now?
Based on GuruFocus' analysis, Knife River (KNF) is currently considered Fairly Valued. The stock's GF Value™ is $86.30, compared to a current price of $81.09 — trading 6% below its estimated fair value. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Building Materials industry median of 5.00. Knife River's overall GF Score™ is 77/100 with 1 warning sign 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 Knife River (KNF), the current Piotroski F-Score is 4 as of Jul. 11, 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 Knife River (KNF) Overvalued in 2026?

Based on GuruFocus' analysis, Knife River stock appears to be undervalued. The current stock price of $81.09 is trading 6% below its estimated GF Value™ of $86.30. GuruFocus considers Knife River to be Fairly Valued.

Key valuation signals for KNF:

  • Piotroski F-Score: 4 (near median its 10-year median of 4.00)
  • GF Value™: $86.30 vs. price of $81.09 (6% below fair value)
  • GF Score™: 77/100 with 1 warning sign
  • Industry Position: 20% below the Building Materials median (#279 of 395)

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


Knife River Business Description

Address 1150 West Century Avenue, P.O. Box 5568, Bismarck, ND, USA, 58506-5568
Knife River Corp is a people-first construction materials and contracting services company. It provides construction materials and contracting services to build safe roads, bridges, airport runways, and other critical infrastructure needs that connect people. The group is a provider of crushed stone, sand, and gravel in the United States. It operates through four reportable segments: West, Mountain, Central, and Energy Services.
77GF Score

Get the complete analysis for KNF

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

$81.09
Price
$86.30
GF Value