Ruffer Investment CoLSE:RICA +0.17%40 Piotroski F-Score is 9 as of Jun. 27, 2026, which is 80% above its 10-year median of 5.00. GuruFocus rates LSE:RICA with a GF Score™ of 40/100. The stock has 2 warning signs investors should review. Among 1,597 Asset Management companies, Ruffer Investment Co ranks better than 99.94% on this metric.
Good Sign:
Piotroski F-Score is 9, 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
Ruffer Investment Co has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Ruffer Investment Co's Piotroski F-Score or its related term are showing as below:
LSE:RICA'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 9
Current: 9
During the past 13 years, the highest Piotroski F-Score of Ruffer Investment Co was 9. The lowest was 2. And the median was 5.
Ruffer Investment Co (LSE:RICA) 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.
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.
Ruffer Investment Co Piotroski F-Score Related Terms
Ruffer Investment Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Ruffer Investment Co'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.
LSE:RICA vs BLK, BX, KKR: Piotroski F-Score Comparison
For the Asset Management subindustry, Ruffer Investment Co'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.
Ruffer Investment Co Piotroski F-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Ruffer Investment Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Ruffer Investment Co'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.
Ruffer Investment Co's current Net Income (TTM) was 41.71.
==> 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.
Ruffer Investment Co's current Cash Flow from Operations (TTM) was 181.93.
==> 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.
Ruffer Investment Co's return on assets of this year was 0.04061047. Ruffer Investment Co's return on assets of last year was 0.00929827.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Ruffer Investment Co's gearing of this year was 0. Ruffer Investment Co'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.
Ruffer Investment Co's current ratio of this year was 155.84588563. Ruffer Investment Co's current ratio of last year was 140.00477099.
==> This year's current ratio is higher. ==> Score 1.
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.
Ruffer Investment Co's number of shares in issue this year was 330.64. Ruffer Investment Co's number of shares in issue last year was 377.895.
==> 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.
* 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.
Ruffer Investment Co's net margin of this year was 0.93903373. Ruffer Investment Co's net margin of last year was 0.81278977.
==> This year's net 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
Ruffer Investment Co's asset turnover of this year was 0.04324709. Ruffer Investment Co's asset turnover of last year was 0.01143994.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Ruffer Investment Co has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.
Ruffer Investment Co (LSE:RICA) has a Piotroski F-Score of 9 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Ruffer Investment Co and its competitors. This is 80% above median its historical median of 5.00. Over the past decade, Ruffer Investment Co's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Ruffer Investment Co ranks #1 out of 1597 companies in the Asset Management industry, placing it in the top 0.099999999999994%.
Is Ruffer Investment Co's Piotroski F-Score too high?
Ruffer Investment Co's current Piotroski F-Score of 9 is 80% above 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 9.00. The Asset Management industry median Piotroski F-Score is 5.00. Ruffer Investment Co's value of 9 is 80% above this industry median. Based on the distribution chart, Ruffer Investment Co ranks #1 out of 1597 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Ruffer Investment Co has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Ruffer Investment Co's Piotroski F-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Ruffer Investment Co ranks #1 out of 1597 companies for Piotroski F-Score. This places Ruffer Investment Co in the top 0% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Ruffer Investment Co's value of 9 is 80% above this benchmark. Historically, Ruffer Investment Co's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Ruffer Investment Co 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 Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,597 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. Ruffer Investment Co's current Piotroski F-Score of 9 is 80% 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 Ruffer Investment Co and its competitors. For the Asset Management 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. Ruffer Investment Co's current Piotroski F-Score is 9, which is 80% above 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 Ruffer Investment Co stock overvalued right now?
Ruffer Investment Co (LSE:RICA) has a current Piotroski F-Score of 9. The current Piotroski F-Score is 9, which is 80% above median its 10-year median of 5.00 and 80% above the Asset Management industry median of 5.00. Ruffer Investment Co's overall GF Score™ is 40/100 with 2 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 Ruffer Investment Co (LSE:RICA), the current Piotroski F-Score is 9 as of Jun. 27, 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.
Ruffer Investment Co Ltd is a closed-end investment company. Its principal objective is to achieve a positive total annual return, after all expenses, of at least twice the Bank of England Bank Rate. The company adopts a stock picking approach and invests across a broad range of assets, geographies, and sectors including listed or quoted equities or equity-related securities, options, and bonds that are issued by corporate issuers, supra-nationals, or government organizations and investment in funds. It uses derivatives, including futures, options, swap agreements, structured products, warrants, and forward currency contracts, for efficient portfolio management. The majority part of the company's revenue comes from investment income such as dividends and interest.
40GF Score
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