RBCN (Rubicon Technology) Piotroski F-Score: 6 (As of Jun. 24, 2026) — 20% Above Median


RBCN Rubicon Technology Inc RBCN
36 GF Score
Price $5.77
! 6 Warning Signs
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What is Rubicon Technology Piotroski F-Score?

Rubicon Technology RBCN 36 Piotroski F-Score is 6 as of Jun. 24, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates RBCN with a GF Score™ of 36/100. The stock has 6 warning signs investors should review. Among 989 Semiconductors companies, Rubicon Technology ranks better than 80.18% 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

Rubicon Technology 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 Rubicon Technology's Piotroski F-Score or its related term are showing as below:

RBCN' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of Rubicon Technology was 7. The lowest was 2. And the median was 5.

Rubicon Technology  (OTCPK:RBCN) 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.


Rubicon Technology Piotroski F-Score Related Terms


Rubicon Technology Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Rubicon Technology'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.

Rubicon Technology Piotroski F-Score Chart

Rubicon Technology Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 7.00 5.00 3.00 3.00

Rubicon Technology Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25
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 5.00 6.00

RBCN vs SODI, SCIA, GSTX: Piotroski F-Score Comparison

For the Semiconductor Equipment & Materials subindustry, Rubicon Technology'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.


Rubicon Technology Piotroski F-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Rubicon Technology's Piotroski F-Score distribution charts can be found below:

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


RBCN
36GF Score
Rubicon Technology Inc RBCN
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 (Jun25) TTM:Last Year (Mar24) TTM:
Net Income was 0.147 + -0.058 + -0.149 + -0.152 = $-0.21 Mil.
Cash Flow from Operations was 0.205 + 0.062 + -0.039 + -0.221 = $0.01 Mil.
Revenue was 0.563 + 0.259 + 0.218 + 0.218 = $1.26 Mil.
Gross Profit was 0.357 + 0.141 + 0.137 + 0.128 = $0.76 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Jun25) was
(1.071 + 1.107 + 1.054 + 0.939 + 0.742) / 5 = $0.9826 Mil.
Total Assets at the begining of this year (Mar24) was $1.07 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.74 Mil.
Total Current Liabilities was $0.68 Mil.
Net Income was -0.154 + 0.923 + -0.55 + -0.055 = $0.16 Mil.

Revenue was 0.408 + 0.475 + 0.425 + 0.482 = $1.79 Mil.
Gross Profit was -0.402 + 0.292 + -0.154 + 0.245 = $-0.02 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(5.181 + 4.905 + 4.185 + 1.116 + 1.071) / 5 = $3.2916 Mil.
Total Assets at the begining of last year (Mar23) was $5.18 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.95 Mil.
Total Current Liabilities was $0.72 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.

Rubicon Technology's current Net Income (TTM) was -0.21. ==> 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.

Rubicon Technology's current Cash Flow from Operations (TTM) was 0.01. ==> 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 (Mar24)
=-0.212/1.071
=-0.19794585

ROA (Last Year)=Net Income/Total Assets (Mar23)
=0.164/5.181
=0.03165412

Rubicon Technology's return on assets of this year was -0.19794585. Rubicon Technology's return on assets of last year was 0.03165412. ==> 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.

Rubicon Technology's current Net Income (TTM) was -0.21. Rubicon Technology's current Cash Flow from Operations (TTM) was 0.01. ==> 0.01 > -0.21 ==> 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: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Jun25
=0/0.9826
=0

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=0/3.2916
=0

Rubicon Technology's gearing of this year was 0. Rubicon Technology's gearing of last year was 0. ==> 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: Jun25)=Total Current Assets/Total Current Liabilities
=0.742/0.676
=1.09763314

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=0.948/0.721
=1.3148405

Rubicon Technology's current ratio of this year was 1.09763314. Rubicon Technology's current ratio of last year was 1.3148405. ==> 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.

Rubicon Technology's number of shares in issue this year was 2.378. Rubicon Technology's number of shares in issue last year was 2.378. ==> 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
=0.763/1.258
=0.60651828

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-0.019/1.79
=-0.01061453

Rubicon Technology's gross margin of this year was 0.60651828. Rubicon Technology's gross margin of last year was -0.01061453. ==> 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 (Mar24)
=1.258/1.071
=1.17460317

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=1.79/5.181
=0.34549315

Rubicon Technology's asset turnover of this year was 1.17460317. Rubicon Technology's asset turnover of last year was 0.34549315. ==> This year's asset turnover is higher. ==> Score 1.

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+1+1
=6

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

Rubicon Technology 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 6 mean?
Rubicon Technology (RBCN) has a Piotroski F-Score of 6 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Rubicon Technology and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Rubicon Technology's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Rubicon Technology ranks #196 out of 989 companies in the Semiconductors industry, placing it in the top 19.8%.
Is Rubicon Technology's Piotroski F-Score too high?
Rubicon Technology's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Semiconductors industry median Piotroski F-Score is 5.00. Rubicon Technology's value of 6 is 20% above this industry median. Based on the distribution chart, Rubicon Technology ranks #196 out of 989 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Rubicon Technology has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Rubicon Technology's Piotroski F-Score compare to SODI and SCIA?
According to the Semiconductors industry distribution chart, Rubicon Technology ranks #196 out of 989 companies for Piotroski F-Score. This places Rubicon Technology in the top 20% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Rubicon Technology's value of 6 is 20% above this benchmark. Historically, Rubicon Technology's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Rubicon Technology 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 Semiconductors company?
The median Piotroski F-Score among Semiconductors companies is 5.00, based on 989 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. Rubicon Technology'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 Rubicon Technology and its competitors. For the Semiconductors 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. Rubicon Technology's current Piotroski F-Score is 6, which is 20% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rubicon Technology stock overvalued right now?
Rubicon Technology (RBCN) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Semiconductors industry median of 5.00. Rubicon Technology's overall GF Score™ is 36/100 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 Rubicon Technology (RBCN), the current Piotroski F-Score is 6 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.

Rubicon Technology Business Description

Address 900 East Green Street, Bensenville, IL, USA, 60106
Rubicon Technology Inc operates in two reportable segments: Logistics and Manufacturing. The majority of its revenue is generated from the Logistics segment, which is a non-asset-based, full-service provider of cargo transportation logistics management services, including freight forwarding via air, ocean, and land-based carriers; customs brokerage services; warehousing and distribution services; trucking and other value-added logistics services. The Manufacturing segment is a materials provider specializing in monocrystalline sapphire for optical and industrial applications. This segment provides optical and industrial sapphire products and materials in a variety of shapes and sizes. Geographically, the company operates across North America, Asia, and other regions.
36GF Score

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