ResMed (MEX:RMD) Piotroski F-Score: 7 (As of Jun. 24, 2026) — 17% Above Median


MEX:RMD ResMed Inc MEX:RMD
99 GF Score
Price MXN3,716.10
GF Value MXN5,298.64
Valuation Significantly Undervalued
! 1 Warning Sign
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What is ResMed Piotroski F-Score?

ResMed MEX:RMD 99 Piotroski F-Score is 7 as of Jun. 24, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates MEX:RMD with a GF Score™ of 99/100 and a GF Value™ of MXN5,298.64 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 805 Medical Devices & Instruments companies, ResMed ranks better than 92.42% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

ResMed has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

MEX:RMD' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of ResMed was 9. The lowest was 4. And the median was 6.

ResMed  (MEX:RMD) 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.


ResMed Piotroski F-Score Related Terms


ResMed Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for ResMed'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.

ResMed Piotroski F-Score Chart

ResMed Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 5.00 5.00 6.00 9.00

ResMed Quarterly Data
Jun21 Sep21 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 Premium Member Only Premium Member Only 9.00 9.00 8.00 8.00 7.00

MEX:RMD vs MDLN, WST, BDX: Piotroski F-Score Comparison

For the Medical Instruments & Supplies subindustry, ResMed'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.


ResMed Piotroski F-Score vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, ResMed's Piotroski F-Score distribution charts can be found below:

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


MEX:RMD
99GF Score
ResMed Inc MEX:RMD
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 7149.541 + 6393.614 + 7068.912 + 7190.215 = MXN27,802 Mil.
Cash Flow from Operations was 10144.533 + 8389.188 + 6117.347 + 9992.496 = MXN34,644 Mil.
Revenue was 25381.63 + 24500.183 + 25618.654 + 25812.115 = MXN101,313 Mil.
Gross Profit was 15441.224 + 15057.286 + 15822.041 + 16066.757 = MXN62,387 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(154803.558 + 153917.243 + 152410.071 + 153109.129 + 158404.376) / 5 = MXN154528.8754 Mil.
Total Assets at the begining of this year (Mar25) was MXN154,804 Mil.
Long-Term Debt & Capital Lease Obligation was MXN9,990 Mil.
Total Current Assets was MXN73,286 Mil.
Total Current Liabilities was MXN24,366 Mil.
Net Income was 5353.794 + 6130.673 + 7187.333 + 7468.082 = MXN26,140 Mil.

Revenue was 22409.058 + 24110.95 + 26738.864 + 26426.593 = MXN99,685 Mil.
Gross Profit was 13108.528 + 14122.257 + 15668.366 + 15679.349 = MXN58,579 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(113096.209 + 125902.966 + 142211.558 + 148937.519 + 154803.558) / 5 = MXN136990.362 Mil.
Total Assets at the begining of last year (Mar24) was MXN113,096 Mil.
Long-Term Debt & Capital Lease Obligation was MXN16,389 Mil.
Total Current Assets was MXN65,638 Mil.
Total Current Liabilities was MXN19,241 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.

ResMed's current Net Income (TTM) was 27,802. ==> 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.

ResMed's current Cash Flow from Operations (TTM) was 34,644. ==> 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)
=27802.282/154803.558
=0.17959718

ROA (Last Year)=Net Income/Total Assets (Mar24)
=26139.882/113096.209
=0.2311296

ResMed's return on assets of this year was 0.17959718. ResMed's return on assets of last year was 0.2311296. ==> 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.

ResMed's current Net Income (TTM) was 27,802. ResMed's current Cash Flow from Operations (TTM) was 34,644. ==> 34,644 > 27,802 ==> 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
=9990.26/154528.8754
=0.06464979

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=16389.412/136990.362
=0.11963916

ResMed's gearing of this year was 0.06464979. ResMed's gearing of last year was 0.11963916. ==> 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
=73286.011/24365.965
=3.00772044

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=65638.498/19241.264
=3.41134023

ResMed's current ratio of this year was 3.00772044. ResMed's current ratio of last year was 3.41134023. ==> 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.

ResMed's number of shares in issue this year was 145.723. ResMed's number of shares in issue last year was 147.22. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=62387.308/101312.582
=0.61579033

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=58578.5/99685.465
=0.58763331

ResMed's gross margin of this year was 0.61579033. ResMed's gross margin of last year was 0.58763331. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=101312.582/154803.558
=0.654459

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=99685.465/113096.209
=0.88142181

ResMed's asset turnover of this year was 0.654459. ResMed's asset turnover of last year was 0.88142181. ==> 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+1+1+0
=6

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

ResMed has an F-score of 6 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 7 mean?
ResMed (MEX:RMD) has a Piotroski F-Score of 7 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on ResMed and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, ResMed's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, ResMed ranks #61 out of 805 companies in the Medical Devices & Instruments industry, placing it in the top 7.6%.
Is ResMed's Piotroski F-Score too high?
ResMed's current Piotroski F-Score of 7 is 17% above 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 Medical Devices & Instruments industry median Piotroski F-Score is 5.00. ResMed's value of 7 is 40% above this industry median. Based on the distribution chart, ResMed ranks #61 out of 805 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, ResMed has a GF Score™ of 99/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ResMed's Piotroski F-Score compare to MDLN and WST?
According to the Medical Devices & Instruments industry distribution chart, ResMed ranks #61 out of 805 companies for Piotroski F-Score. This places ResMed in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. ResMed's value of 7 is 40% above this benchmark. Historically, ResMed'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, ResMed 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 a Medical Devices & Instruments company?
The median Piotroski F-Score among Medical Devices & Instruments companies is 5.00, based on 805 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. ResMed's current Piotroski F-Score of 7 is 40% 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 ResMed and its competitors. For the Medical Devices & Instruments 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. ResMed's current Piotroski F-Score is 7, which is 17% above 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 ResMed stock overvalued right now?
Based on GuruFocus' analysis, ResMed (MEX:RMD) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN5,298.64, compared to a current price of MXN3,716.10 — trading 29.9% below its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Medical Devices & Instruments industry median of 5.00. ResMed's overall GF Score™ is 99/100 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 ResMed (MEX:RMD), the current Piotroski F-Score is 7 as of Jun. 24, 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 ResMed (MEX:RMD) Overvalued in 2026?

Based on GuruFocus' analysis, ResMed stock appears to be undervalued. The current stock price of MXN3,716.10 is trading 29.9% below its estimated GF Value™ of MXN5,298.64. GuruFocus considers ResMed to be Significantly Undervalued.

Key valuation signals for MEX:RMD:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: MXN5,298.64 vs. price of MXN3,716.10 (29.9% below fair value)
  • GF Score™: 99/100 with 1 warning sign
  • Industry Position: 40% above the Medical Devices & Instruments median (#61 of 805)

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


ResMed Business Description

Address 9001 Spectrum Center Boulevard, San Diego, CA, USA, 92123
ResMed is one of the largest respiratory care device companies globally, primarily developing and supplying flow generators, masks, and accessories for the treatment of sleep apnea. Increasing diagnosis of sleep apnea combined with aging populations and increasing prevalence of obesity is resulting in a structurally growing market. The company earns roughly two-thirds of its revenue in the Americas and the balance across other regions dominated by Europe, Japan, and Australia. Recent developments and acquisitions have focused on digital health as ResMed is aiming to differentiate itself through the provision of clinical data for use by the patient, medical care advisor, and payer in the out-of-hospital setting.
99GF Score

Get the complete analysis for MEX:RMD

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

MXN3,716.10
Price
MXN5,298.64
GF Value