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Rheinmetall AGMEX:RHMN 68 Piotroski F-Score is 5 as of Jul. 21, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates MEX:RHMN with a GF Score™ of 68/100 and a GF Value™ of MXN16,350.69 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 322 Aerospace & Defense companies, Rheinmetall AG ranks better than 53.42% 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
Rheinmetall AG 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 Rheinmetall AG's Piotroski F-Score or its related term are showing as below:
MEX:RHMN'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 9
Current: 5
During the past 13 years, the highest Piotroski F-Score of Rheinmetall AG was 9. The lowest was 4. And the median was 6.
Rheinmetall AG (MEX:RHMN) 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.
Rheinmetall AG Piotroski F-Score Related Terms
Rheinmetall AG Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Rheinmetall AG'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:RHMN vs SPCX, GE, RTX: Piotroski F-Score Comparison
For the Aerospace & Defense subindustry, Rheinmetall AG'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.
Rheinmetall AG Piotroski F-Score vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Rheinmetall AG's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Rheinmetall AG'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 2845.012 + 3272.674 + 6915.538 + 2314.023 = MXN15,347 Mil. Cash Flow from Operations was -15462.965 + 1657.868 + 52752.063 + -3231.293 = MXN35,716 Mil. Revenue was 52773.882 + 59855.488 + 51023.178 + 40401.587 = MXN204,054 Mil. Gross Profit was 28189.506 + 30379.89 + 26481.451 + 24933.074 = MXN109,984 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(324279.058 + 316925.624 + 337128.502 + 353620.141 + 408727.302) / 5 = MXN348136.1254 Mil. Total Assets at the begining of this year (Mar25) was MXN324,279 Mil. Long-Term Debt & Capital Lease Obligation was MXN22,119 Mil. Total Current Assets was MXN247,538 Mil. Total Current Liabilities was MXN236,885 Mil.
Net Income was 1222.655 + 2950.267 + 10307.739 + 1857.826 = MXN16,338 Mil.
Revenue was 44055.016 + 53607.443 + 31600.207 + 39810.551 = MXN169,073 Mil. Gross Profit was 22599.395 + 25197.465 + 19217.818 + 22426.611 = MXN89,441 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(209058.695 + 243860.488 + 272823.202 + 313250.43 + 324279.058) / 5 = MXN272654.3746 Mil. Total Assets at the begining of last year (Mar24) was MXN209,059 Mil. Long-Term Debt & Capital Lease Obligation was MXN0 Mil. Total Current Assets was MXN190,715 Mil. Total Current Liabilities was MXN158,092 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.
Rheinmetall AG's current Net Income (TTM) was 15,347.
==> 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.
Rheinmetall AG's return on assets of this year was 0.04732728. Rheinmetall AG's return on assets of last year was 0.07815263.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Rheinmetall AG's current ratio of this year was 1.04497052. Rheinmetall AG's current ratio of last year was 1.20635143.
==> 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.
Rheinmetall AG's number of shares in issue this year was 46.67. Rheinmetall AG's number of shares in issue last year was 46.67.
==> 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.
Rheinmetall AG's gross margin of this year was 0.53899384. Rheinmetall AG's gross margin of last year was 0.52900921.
==> 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
Rheinmetall AG's asset turnover of this year was 0.62925474. Rheinmetall AG's asset turnover of last year was 0.80873564.
==> 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
Rheinmetall AG has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Rheinmetall AG (MEX:RHMN) has a Piotroski F-Score of 5 as of Jul. 21, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Rheinmetall AG and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Rheinmetall AG's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Rheinmetall AG ranks #150 out of 322 companies in the Aerospace & Defense industry, placing it in the top 46.6%.
Is Rheinmetall AG's Piotroski F-Score too high?
Rheinmetall AG's 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 4.00 to a high of 9.00. The Aerospace & Defense industry median Piotroski F-Score is 5.00. Rheinmetall AG's value of 5 is 0% at this industry median. Based on the distribution chart, Rheinmetall AG ranks #150 out of 322 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Rheinmetall AG has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Rheinmetall AG's Piotroski F-Score compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Rheinmetall AG ranks #150 out of 322 companies for Piotroski F-Score. This puts Rheinmetall AG in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Rheinmetall AG's value of 5 is 0% at this benchmark. Historically, Rheinmetall AG'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 6.00 vs. the industry median of 5.00, Rheinmetall AG 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 an Aerospace & Defense company?
The median Piotroski F-Score among Aerospace & Defense companies is 5.00, based on 322 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. Rheinmetall AG'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 Rheinmetall AG 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. Rheinmetall AG'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 Rheinmetall AG stock overvalued right now?
Based on GuruFocus' analysis, Rheinmetall AG (MEX:RHMN) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN16,350.69, compared to a current price of MXN19,550.00 — trading 19.6% 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 Aerospace & Defense industry median of 5.00. Rheinmetall AG's overall GF Score™ is 68/100 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 Rheinmetall AG (MEX:RHMN), the current Piotroski F-Score is 5 as of Jul. 21, 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 Rheinmetall AG (MEX:RHMN) Overvalued in 2026?
Based on GuruFocus' analysis, Rheinmetall AG stock appears to be overvalued.
The current stock price of MXN19,550.00 is trading 19.6% above its estimated GF Value™ of MXN16,350.69.
GuruFocus considers Rheinmetall AG to be Modestly Overvalued.
Key valuation signals for MEX:RHMN:
Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
GF Value™: MXN16,350.69 vs. price of MXN19,550.00 (19.6% above fair value)
Industry Position: 0% at the Aerospace & Defense median (#150 of 322)
No single metric tells the full story. See the MEX:RHMN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rheinmetall is an international group active in various markets with leading technological products and services. The sales focus is on the security technology and mobility segments. Since February 2021, the group structure has been made up of five divisions—vehicle systems, weapons and ammunition, electronic solutions, sensors and actuators, and materials and trade. The vehicle systems, weapons and ammunition, and electronic solutions divisions are among the defense and security industry's leading suppliers of innovative products to German and international defense forces. The sensors and actuators, and materials and trade divisions' core area of expertise is the reduction of emissions, pollutants, and fuel consumption.
68GF Score
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