OC (Owens-Corning) Piotroski F-Score: 4 (As of Jun. 24, 2026) — 33% Below Median


OC Owens-Corning Inc OC
82 GF Score
Price $134.17
GF Value $154.11
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Owens-Corning Piotroski F-Score?

Owens-Corning OC +8.10% 82 Piotroski F-Score is 4 as of Jun. 24, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates OC with a GF Score™ of 82/100 and a GF Value™ of $154.11 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,734 Construction companies, Owens-Corning ranks worse than 65.51% 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

Owens-Corning has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

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

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

Owens-Corning  (NYSE:OC) 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.


Owens-Corning Piotroski F-Score Related Terms


Owens-Corning Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Owens-Corning'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.

Owens-Corning Piotroski F-Score Chart

Owens-Corning Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.00 8.00 6.00 6.00 4.00

Owens-Corning 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 5.00 6.00 4.00 4.00 4.00

OC vs WMS, SPXC, AAON: Piotroski F-Score Comparison

For the Building Products & Equipment subindustry, Owens-Corning'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.


Owens-Corning Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Owens-Corning's Piotroski F-Score distribution charts can be found below:

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


OC
82GF Score
Owens-Corning Inc OC
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 363 + -494 + -298 + -105 = $-534 Mil.
Cash Flow from Operations was 327 + 918 + 590 + -154 = $1,681 Mil.
Revenue was 2747 + 2684 + 2142 + 2265 = $9,838 Mil.
Gross Profit was 858 + 757 + 498 + 510 = $2,623 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(14266 + 14483 + 13517 + 12980 + 13091) / 5 = $13667.4 Mil.
Total Assets at the begining of this year (Mar25) was $14,266 Mil.
Long-Term Debt & Capital Lease Obligation was $5,118 Mil.
Total Current Assets was $3,723 Mil.
Total Current Liabilities was $3,012 Mil.
Net Income was 285 + 321 + -258 + -93 = $255 Mil.

Revenue was 2497 + 2763 + 2574 + 2530 = $10,364 Mil.
Gross Profit was 813 + 851 + 749 + 725 = $3,138 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(11269 + 14991 + 15054 + 14075 + 14266) / 5 = $13931 Mil.
Total Assets at the begining of last year (Mar24) was $11,269 Mil.
Long-Term Debt & Capital Lease Obligation was $5,387 Mil.
Total Current Assets was $3,924 Mil.
Total Current Liabilities was $2,720 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.

Owens-Corning's current Net Income (TTM) was -534. ==> Negative ==> Score 0.

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.

Owens-Corning's current Cash Flow from Operations (TTM) was 1,681. ==> 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)
=-534/14266
=-0.03743166

ROA (Last Year)=Net Income/Total Assets (Mar24)
=255/11269
=0.02262845

Owens-Corning's return on assets of this year was -0.03743166. Owens-Corning's return on assets of last year was 0.02262845. ==> 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.

Owens-Corning's current Net Income (TTM) was -534. Owens-Corning's current Cash Flow from Operations (TTM) was 1,681. ==> 1,681 > -534 ==> 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
=5118/13667.4
=0.37446771

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=5387/13931
=0.38669155

Owens-Corning's gearing of this year was 0.37446771. Owens-Corning's gearing of last year was 0.38669155. ==> 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
=3723/3012
=1.23605578

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=3924/2720
=1.44264706

Owens-Corning's current ratio of this year was 1.23605578. Owens-Corning's current ratio of last year was 1.44264706. ==> 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.

Owens-Corning's number of shares in issue this year was 81.1. Owens-Corning's number of shares in issue last year was 86.3. ==> 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
=2623/9838
=0.26661923

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3138/10364
=0.30277885

Owens-Corning's gross margin of this year was 0.26661923. Owens-Corning's gross margin of last year was 0.30277885. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=9838/14266
=0.68961166

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=10364/11269
=0.91969119

Owens-Corning's asset turnover of this year was 0.68961166. Owens-Corning's asset turnover of last year was 0.91969119. ==> 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
=0+1+0+1+1+0+1+0+0
=4

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

Owens-Corning has an F-score of 4 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 4 mean?
Owens-Corning (OC) has a Piotroski F-Score of 4 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Owens-Corning and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Owens-Corning's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Owens-Corning ranks #1136 out of 1734 companies in the Construction industry, placing it in the top 65.5%.
Is Owens-Corning's Piotroski F-Score too high?
Owens-Corning's current Piotroski F-Score of 4 is 33% 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 Construction industry median Piotroski F-Score is 5.00. Owens-Corning's value of 4 is 20% below this industry median. Based on the distribution chart, Owens-Corning ranks #1136 out of 1734 companies in the Construction industry, which is below the industry midpoint. Overall, Owens-Corning has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Owens-Corning's Piotroski F-Score compare to WMS and SPXC?
According to the Construction industry distribution chart, Owens-Corning ranks #1136 out of 1734 companies for Piotroski F-Score. This places Owens-Corning in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Owens-Corning's value of 4 is 20% below this benchmark. Historically, Owens-Corning'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, Owens-Corning has consistently been below 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,734 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. Owens-Corning's current Piotroski F-Score of 4 is 20% below 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 Owens-Corning and its competitors. For the Construction 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. Owens-Corning's current Piotroski F-Score is 4, which is 33% 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 Owens-Corning stock overvalued right now?
Based on GuruFocus' analysis, Owens-Corning (OC) is currently considered Modestly Undervalued. The stock's GF Value™ is $154.11, compared to a current price of $134.17 — trading 12.9% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Construction industry median of 5.00. Owens-Corning's overall GF Score™ is 82/100 with 4 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 Owens-Corning (OC), the current Piotroski F-Score is 4 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 Owens-Corning (OC) Overvalued in 2026?

Based on GuruFocus' analysis, Owens-Corning stock appears to be undervalued. The current stock price of $134.17 is trading 12.9% below its estimated GF Value™ of $154.11. GuruFocus considers Owens-Corning to be Modestly Undervalued.

Key valuation signals for OC:

  • Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
  • GF Value™: $154.11 vs. price of $134.17 (12.9% below fair value)
  • GF Score™: 82/100 with 4 warning signs
  • Industry Position: 20% below the Construction median (#1136 of 1734)

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


Owens-Corning Business Description

Address One Owens Corning Parkway, Toledo, OH, USA, 43659
Owens-Corning Inc is a building products company that offers roofing products and systems, insulation products (hermal and acoustical batts, loose fill insulation, spray foam insulation, wet use chopped strand, etc.), and doors and door systems. The company's reportable segments are: Roofing, Insulation, and Doors. Maximum revenue is generated from the Roofing segment, which manufactures and sells residential roofing shingles, oxidized asphalt materials, roofing components, and composite lumber mainly used in residential construction. This segment also manufactures and sells glass mat and specialty veil materials used in building and construction applications. Geographically, the company generates maximum revenue from the United States, followed by Europe, Asia-Pacific, and other markets.
82GF Score

Get the complete analysis for OC

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

$134.17
Price
$154.11
GF Value