Howmet AerospaceMEX:HWM +0.41%69 Piotroski F-Score is 8 as of Jun. 25, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates MEX:HWM with a GF Score™ of 69/100 and a GF Value™ of MXN2,459.04 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 319 Aerospace & Defense companies, Howmet Aerospace ranks better than 97.18% on this metric.
Good Sign:
Piotroski F-Score is 8, 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
Howmet Aerospace has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Howmet Aerospace's Piotroski F-Score or its related term are showing as below:
MEX:HWM'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 7 Max: 9
Current: 8
During the past 12 years, the highest Piotroski F-Score of Howmet Aerospace was 9. The lowest was 4. And the median was 7.
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.
Howmet Aerospace Piotroski F-Score Related Terms
Howmet Aerospace Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Howmet Aerospace'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.
MEX:HWM vs GD, LMT, RKLB: Piotroski F-Score Comparison
For the Aerospace & Defense subindustry, Howmet Aerospace'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.
Howmet Aerospace Piotroski F-Score vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Howmet Aerospace's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Howmet Aerospace'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.
This Year (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 7663.484 + 7062.517 + 6698.12 + 10458.966 = MXN31,883 Mil. Cash Flow from Operations was 8397.823 + 9740.77 + 11775.728 + 8168.813 = MXN38,083 Mil. Revenue was 38656.348 + 38321.034 + 39036.358 + 41709.635 = MXN157,723 Mil. Gross Profit was 12954.49 + 13281.201 + 13612.309 + 15399.926 = MXN55,248 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(220375.731 + 207987.343 + 205033.123 + 201285.72 + 235633.291) / 5 = MXN214063.0416 Mil. Total Assets at the begining of this year (Mar25) was MXN220,376 Mil. Long-Term Debt & Capital Lease Obligation was MXN73,032 Mil. Total Current Assets was MXN102,011 Mil. Total Current Liabilities was MXN41,746 Mil.
Net Income was 4873.147 + 6537.18 + 6548.69 + 7037.621 = MXN24,997 Mil.
Revenue was 34441.794 + 36131.701 + 39438.129 + 39729.824 = MXN149,741 Mil. Gross Profit was 10863.821 + 11459.755 + 12555.131 + 13338.746 = MXN48,217 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(172767.015 + 195640.38 + 207890.188 + 219381.108 + 220375.731) / 5 = MXN203210.8844 Mil. Total Assets at the begining of last year (Mar24) was MXN172,767 Mil. Long-Term Debt & Capital Lease Obligation was MXN70,315 Mil. Total Current Assets was MXN72,708 Mil. Total Current Liabilities was MXN31,669 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.
Howmet Aerospace's current Net Income (TTM) was 31,883.
==> 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.
Howmet Aerospace's return on assets of this year was 0.14467604. Howmet Aerospace's return on assets of last year was 0.14468409.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Howmet Aerospace's gearing of this year was 0.34117256. Howmet Aerospace's gearing of last year was 0.34601903.
==> 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
Howmet Aerospace's current ratio of this year was 2.44362848. Howmet Aerospace's current ratio of last year was 2.29586561.
==> 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.
Howmet Aerospace's number of shares in issue this year was 403. Howmet Aerospace's number of shares in issue last year was 407.
==> 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.
Howmet Aerospace's gross margin of this year was 0.35028369. Howmet Aerospace's gross margin of last year was 0.32200472.
==> 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
Howmet Aerospace's asset turnover of this year was 0.71570211. Howmet Aerospace's asset turnover of last year was 0.86672475.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Howmet Aerospace has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Howmet Aerospace (MEX:HWM) has a Piotroski F-Score of 8 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Howmet Aerospace and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Howmet Aerospace's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Howmet Aerospace ranks #9 out of 319 companies in the Aerospace & Defense industry, placing it in the top 2.8%.
Is Howmet Aerospace's Piotroski F-Score too high?
Howmet Aerospace's current Piotroski F-Score of 8 is 14% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Aerospace & Defense industry median Piotroski F-Score is 5.00. Howmet Aerospace's value of 8 is 60% above this industry median. Based on the distribution chart, Howmet Aerospace ranks #9 out of 319 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Howmet Aerospace has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Howmet Aerospace's Piotroski F-Score compare to GD and LMT?
According to the Aerospace & Defense industry distribution chart, Howmet Aerospace ranks #9 out of 319 companies for Piotroski F-Score. This places Howmet Aerospace in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Howmet Aerospace's value of 8 is 60% above this benchmark. Historically, Howmet Aerospace's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Howmet Aerospace 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 Aerospace & Defense company?
The median Piotroski F-Score among Aerospace & Defense companies is 5.00, based on 319 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. Howmet Aerospace's current Piotroski F-Score of 8 is 60% 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 Howmet Aerospace and its competitors. For the Aerospace & Defense 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. Howmet Aerospace's current Piotroski F-Score is 8, which is 14% above median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Howmet Aerospace stock overvalued right now?
Based on GuruFocus' analysis, Howmet Aerospace (MEX:HWM) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN2,459.04, compared to a current price of MXN4,875.00 — trading 98.2% above its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 60% above the Aerospace & Defense industry median of 5.00. Howmet Aerospace's overall GF Score™ is 69/100 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 Howmet Aerospace (MEX:HWM), the current Piotroski F-Score is 8 as of Jun. 25, 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 Howmet Aerospace (MEX:HWM) Overvalued in 2026?
Based on GuruFocus' analysis, Howmet Aerospace stock appears to be overvalued.
The current stock price of MXN4,875.00 is trading 98.2% above its estimated GF Value™ of MXN2,459.04.
GuruFocus considers Howmet Aerospace to be Significantly Overvalued.
Key valuation signals for MEX:HWM:
Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
GF Value™: MXN2,459.04 vs. price of MXN4,875.00 (98.2% above fair value)
Industry Position: 60% above the Aerospace & Defense median (#9 of 319)
No single metric tells the full story. See the MEX:HWM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Howmet Aerospace Inc offers engineered solutions for the aerospace and transportation industries. The company's products and solutions include investment castings for jet engines and industrial gas turbines; seamless rolled rings for jet engines; fastening systems for aerospace, industrial and commercial transportation applications; forged jet engine components (e.g., jet engine disks); machined and forged aircraft parts; and forged aluminum commercial vehicle wheels, all of which are sold directly to customers or through distributors. It has four reportable segments: Engine Products, which derives key revenue, Fastening Systems, Engineered Structures, and Forged Wheels. Geographically, the company derives maximum revenue from the USA, followed by France, Japan, Germany, and other markets.
69GF Score
Get the complete analysis for MEX:HWM
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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