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RelianceMEX:RS 82 Piotroski F-Score is 6 as of Aug. 09, 2026, which is at its 10-year median of 6.00. GuruFocus rates MEX:RS with a GF Score™ of 82/100 and a GF Value™ of MXN4,714.84. The stock has 9 warning signs investors should review. Among 623 Steel companies, Reliance ranks better than 78.01% 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
Reliance 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 Reliance's Piotroski F-Score or its related term are showing as below:
MEX:RS'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 6 Max: 8
Current: 6
During the past 13 years, the highest Piotroski F-Score of Reliance was 8. The lowest was 5. And the median was 6.
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.
Reliance Piotroski F-Score Related Terms
Reliance Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Reliance'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:RS vs TX, CLF, STLD: Piotroski F-Score Comparison
For the Steel subindustry, Reliance'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.
Reliance Piotroski F-Score vs Steel Industry
For the Steel industry and Basic Materials sector, Reliance's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Reliance'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 (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was 3476.226 + 2097.664 + 4776.862 + 5634.282 = MXN15,985 Mil. Cash Flow from Operations was 4802.512 + 4971.374 + 2730.151 + 2830.228 = MXN15,334 Mil. Revenue was 66978.343 + 62994.742 + 72599.65 + 80788.87 = MXN283,362 Mil. Gross Profit was 18923.877 + 17190.042 + 21132.521 + 22692.424 = MXN79,939 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(197518.308 + 193525.807 + 186778.528 + 194920.864 + 194821.575) / 5 = MXN193513.0164 Mil. Total Assets at the begining of this year (Jun25) was MXN197,518 Mil. Long-Term Debt & Capital Lease Obligation was MXN33,640 Mil. Total Current Assets was MXN85,908 Mil. Total Current Liabilities was MXN19,995 Mil.
Net Income was 3922.308 + 2196.105 + 4085.503 + 4400.384 = MXN14,604 Mil.
Revenue was 67346.733 + 65207.432 + 71290.69 + 68911.106 = MXN272,756 Mil. Gross Profit was 19814.349 + 18480.236 + 21139.458 + 20484.287 = MXN79,918 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(191410.268 + 202825.842 + 209011.654 + 212049.243 + 197518.308) / 5 = MXN202563.063 Mil. Total Assets at the begining of last year (Jun24) was MXN191,410 Mil. Long-Term Debt & Capital Lease Obligation was MXN23,877 Mil. Total Current Assets was MXN80,836 Mil. Total Current Liabilities was MXN25,384 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.
Reliance's current Net Income (TTM) was 15,985.
==> 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.
Reliance's return on assets of this year was 0.08092938. Reliance's return on assets of last year was 0.07629841.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Reliance's current ratio of this year was 4.29653552. Reliance's current ratio of last year was 3.184556.
==> 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.
Reliance's number of shares in issue this year was 51.375. Reliance's number of shares in issue last year was 52.923.
==> 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.
Reliance's gross margin of this year was 0.28210902. Reliance's gross margin of last year was 0.29300306.
==> 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
Reliance's asset turnover of this year was 1.43460932. Reliance's asset turnover of last year was 1.42498082.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Reliance has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Reliance (MEX:RS) has a Piotroski F-Score of 6 as of Aug. 09, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Reliance and its competitors. This is near median its historical median of 6.00. Over the past decade, Reliance's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Reliance ranks #137 out of 623 companies in the Steel industry, placing it in the top 22%.
Is Reliance's Piotroski F-Score too high?
Reliance's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Steel industry median Piotroski F-Score is 5.00. Reliance's value of 6 is 20% above this industry median. Based on the distribution chart, Reliance ranks #137 out of 623 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Reliance has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Reliance's Piotroski F-Score compare to TX and CLF?
According to the Steel industry distribution chart, Reliance ranks #137 out of 623 companies for Piotroski F-Score. This places Reliance in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Reliance's value of 6 is 20% above this benchmark. Historically, Reliance's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Reliance 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 Steel company?
The median Piotroski F-Score among Steel companies is 5.00, based on 623 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. Reliance's current Piotroski F-Score of 6 is 20% 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 Reliance and its competitors. For the Steel 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. Reliance's current Piotroski F-Score is 6, which is near 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 Reliance stock overvalued right now?
Reliance (MEX:RS) has a current Piotroski F-Score of 6. The stock's GF Value™ is MXN4,714.84, compared to a current price of MXN5,529.80 — trading 17.3% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Steel industry median of 5.00. Reliance's overall GF Score™ is 82/100 with 9 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 Reliance (MEX:RS), the current Piotroski F-Score is 6 as of Aug. 09, 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 Reliance (MEX:RS) Overvalued in 2026?
Based on GuruFocus' analysis, Reliance stock appears to be overvalued.
The current stock price of MXN5,529.80 is trading 17.3% above its estimated GF Value™ of MXN4,714.84.
Key valuation signals for MEX:RS:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: MXN4,714.84 vs. price of MXN5,529.80 (17.3% above fair value)
Industry Position: 20% above the Steel median (#137 of 623)
No single metric tells the full story. See the MEX:RS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Reliance Inc operates a network of companies providing diversified metal solutions and is the metals service center company. It distributes a full line of over 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and other specialty steel products. The company services more than 125,000 customers in a variety of industries, including consumer products, general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, industrial machinery and heavy industry. It also services the auto industry, through its toll processing operations where it processes customer-owned metal for a fee.
82GF Score
Get the complete analysis for MEX:RS
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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