RMSYF (Ramsay Health Care) Piotroski F-Score: 4 (As of Jun. 26, 2026) — 33% Below Median


RMSYF Ramsay Health Care Ltd RMSYF
82 GF Score
Price $27.46
GF Value $32.23
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Ramsay Health Care Piotroski F-Score?

Ramsay Health Care RMSYF 82 Piotroski F-Score is 4 as of Jun. 26, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates RMSYF with a GF Score™ of 82/100 and a GF Value™ of $32.23 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 651 Healthcare Providers & Services companies, Ramsay Health Care ranks worse than 67.43% 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

Ramsay Health Care 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 Ramsay Health Care's Piotroski F-Score or its related term are showing as below:

RMSYF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Ramsay Health Care was 8. The lowest was 3. And the median was 6.

Ramsay Health Care  (OTCPK:RMSYF) 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.


Ramsay Health Care Piotroski F-Score Related Terms


Ramsay Health Care Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Ramsay Health Care'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.

Ramsay Health Care Piotroski F-Score Chart

Ramsay Health Care 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 6.00 5.00 7.00 8.00 4.00

Ramsay Health Care Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 8.00 0.00 4.00 0.00

RMSYF vs HCA, THC, DVA: Piotroski F-Score Comparison

For the Medical Care Facilities subindustry, Ramsay Health Care'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.


Ramsay Health Care Piotroski F-Score vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Ramsay Health Care's Piotroski F-Score distribution charts can be found below:

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


RMSYF
82GF Score
Ramsay Health Care Ltd RMSYF
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 (Jun25) TTM:Last Year (Jun24) TTM:
Net Income was $16 Mil.
Cash Flow from Operations was $964 Mil.
Revenue was $11,507 Mil.
Gross Profit was $8,899 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (13873.838 + 14632.487) / 2 = $14253.1625 Mil.
Total Assets at the begining of this year (Jun24) was $13,874 Mil.
Long-Term Debt & Capital Lease Obligation was $7,444 Mil.
Total Current Assets was $2,630 Mil.
Total Current Liabilities was $2,907 Mil.
Net Income was $590 Mil.

Revenue was $10,996 Mil.
Gross Profit was $8,530 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (14114.228 + 13873.838) / 2 = $13994.033 Mil.
Total Assets at the begining of last year (Jun23) was $14,114 Mil.
Long-Term Debt & Capital Lease Obligation was $6,861 Mil.
Total Current Assets was $2,572 Mil.
Total Current Liabilities was $2,776 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.

Ramsay Health Care's current Net Income (TTM) was 16. ==> 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.

Ramsay Health Care's current Cash Flow from Operations (TTM) was 964. ==> 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 (Jun24)
=15.625/13873.838
=0.00112622

ROA (Last Year)=Net Income/Total Assets (Jun23)
=590.106/14114.228
=0.0418093

Ramsay Health Care's return on assets of this year was 0.00112622. Ramsay Health Care's return on assets of last year was 0.0418093. ==> 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.

Ramsay Health Care's current Net Income (TTM) was 16. Ramsay Health Care's current Cash Flow from Operations (TTM) was 964. ==> 964 > 16 ==> 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 Jun24 to Jun25
=7443.75/14253.1625
=0.52225252

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=6860.823/13994.033
=0.49026774

Ramsay Health Care's gearing of this year was 0.52225252. Ramsay Health Care's gearing of last year was 0.49026774. ==> Last year is lower than this year ==> Score 0.

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
=2630.404/2907.292
=0.90476086

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=2571.58/2775.764
=0.92644043

Ramsay Health Care's current ratio of this year was 0.90476086. Ramsay Health Care's current ratio of last year was 0.92644043. ==> 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.

Ramsay Health Care's number of shares in issue this year was 229.4. Ramsay Health Care's number of shares in issue last year was 228.5. ==> There is larger number of shares in issue this year. ==> Score 0.

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
=8899.414/11506.576
=0.77341983

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=8530.412/10996.149
=0.77576359

Ramsay Health Care's gross margin of this year was 0.77341983. Ramsay Health Care's gross margin of last year was 0.77576359. ==> 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 (Jun24)
=11506.576/13873.838
=0.82937223

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=10996.149/14114.228
=0.77908257

Ramsay Health Care's asset turnover of this year was 0.82937223. Ramsay Health Care's asset turnover of last year was 0.77908257. ==> 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
=1+1+0+1+0+0+0+0+1
=4

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

Ramsay Health Care 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?
Ramsay Health Care (RMSYF) has a Piotroski F-Score of 4 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Ramsay Health Care and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Ramsay Health Care's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Ramsay Health Care ranks #439 out of 651 companies in the Healthcare Providers & Services industry, placing it in the top 67.4%.
Is Ramsay Health Care's Piotroski F-Score too high?
Ramsay Health Care'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 3.00 to a high of 8.00. The Healthcare Providers & Services industry median Piotroski F-Score is 5.00. Ramsay Health Care's value of 4 is 20% below this industry median. Based on the distribution chart, Ramsay Health Care ranks #439 out of 651 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, Ramsay Health Care has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ramsay Health Care's Piotroski F-Score compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Ramsay Health Care ranks #439 out of 651 companies for Piotroski F-Score. This places Ramsay Health Care in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Ramsay Health Care's value of 4 is 20% below this benchmark. Historically, Ramsay Health Care's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Ramsay Health Care 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 Healthcare Providers & Services company?
The median Piotroski F-Score among Healthcare Providers & Services companies is 5.00, based on 651 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. Ramsay Health Care'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 Ramsay Health Care and its competitors. For the Healthcare Providers & Services 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. Ramsay Health Care'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 Ramsay Health Care stock overvalued right now?
Based on GuruFocus' analysis, Ramsay Health Care (RMSYF) is currently considered Modestly Undervalued. The stock's GF Value™ is $32.23, compared to a current price of $27.46 — trading 14.8% 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 Healthcare Providers & Services industry median of 5.00. Ramsay Health Care'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 Ramsay Health Care (RMSYF), the current Piotroski F-Score is 4 as of Jun. 26, 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 Ramsay Health Care (RMSYF) Overvalued in 2026?

Based on GuruFocus' analysis, Ramsay Health Care stock appears to be undervalued. The current stock price of $27.46 is trading 14.8% below its estimated GF Value™ of $32.23. GuruFocus considers Ramsay Health Care to be Modestly Undervalued.

Key valuation signals for RMSYF:

  • Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
  • GF Value™: $32.23 vs. price of $27.46 (14.8% below fair value)
  • GF Score™: 82/100 with 4 warning signs
  • Industry Position: 20% below the Healthcare Providers & Services median (#439 of 651)

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


Ramsay Health Care Business Description

Address 126 Phillip Street, Suite 18.03, Level 18, Deutsche Bank Place, Sydney, NSW, AUS, 2000
Ramsay Health Care is one of the largest private healthcare providers in the world, with more than 500 sites across about eight countries. The key markets in which it operates are Australia, France, the UK, and Sweden. It is the largest private hospital group in each of these markets except for the UK, where it is the largest independent supplier to the NHS. Ramsay Santé, which operates the European regions other than the UK, is a 53%-owned subsidiary of Ramsay Health Care. The company typically earns about two-thirds of consolidated earnings in Australia. Ramsay Health Care undertakes both private and publicly funded healthcare.
82GF Score

Get the complete analysis for RMSYF

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

$27.46
Price
$32.23
GF Value