RSCF (Reflect Scientific) Piotroski F-Score: 9 (As of Jul. 15, 2026) — 80% Above Median

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What is Reflect Scientific Piotroski F-Score?

Reflect Scientific RSCF Piotroski F-Score is 9 as of Jul. 15, 2026, which is 80% above its 10-year median of 5.00. The stock has 4 warning signs investors should review. Among 802 Medical Devices & Instruments companies, Reflect Scientific ranks better than 99.88% on this metric.

Good Sign:

Piotroski F-Score is 9, 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

Reflect Scientific has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

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

RSCF' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 9
Current: 9

During the past 13 years, the highest Piotroski F-Score of Reflect Scientific was 9. The lowest was 1. And the median was 5.

Reflect Scientific  (OTCPK:RSCF) 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.


Reflect Scientific Piotroski F-Score Related Terms


Reflect Scientific Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Reflect Scientific'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.

Reflect Scientific Piotroski F-Score Chart

Reflect Scientific 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 4.00 5.00 6.00 4.00 1.00

Reflect Scientific Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Jun25 Sep25
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 2.00 4.00 6.00 6.00 9.00

RSCF vs NXGL, LUCY, GCTK: Piotroski F-Score Comparison

For the Medical Instruments & Supplies subindustry, Reflect Scientific'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.


Reflect Scientific Piotroski F-Score vs Medical Devices & Instruments Industry

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

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


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 (Sep25) TTM:Last Year (Mar24) TTM:
Net Income was 0.109 + 0.11 + -0.006 + 0.041 = $0.25 Mil.
Cash Flow from Operations was 0.003 + -0.072 + 0 + 0.378 = $0.31 Mil.
Revenue was 0.59 + 0.514 + 0.28 + 0.4 = $1.78 Mil.
Gross Profit was 0.359 + 0.328 + 0.18 + 0.229 = $1.10 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Sep25) was
(2.677 + 2.327 + 2.338 + 2.398 + 2.862) / 5 = $2.5204 Mil.
Total Assets at the begining of this year (Mar24) was $2.68 Mil.
Long-Term Debt & Capital Lease Obligation was $0.02 Mil.
Total Current Assets was $2.70 Mil.
Total Current Liabilities was $0.69 Mil.
Net Income was -0.181 + 0.086 + -0.216 + -0.032 = $-0.34 Mil.

Revenue was 0.124 + 0.526 + 0.189 + 0.429 = $1.27 Mil.
Gross Profit was 0.061 + 0.33 + 0.078 + 0.242 = $0.71 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(2.267 + 2.491 + 2.706 + 2.669 + 2.677) / 5 = $2.562 Mil.
Total Assets at the begining of last year (Mar23) was $2.27 Mil.
Long-Term Debt & Capital Lease Obligation was $0.16 Mil.
Total Current Assets was $2.40 Mil.
Total Current Liabilities was $0.66 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.

Reflect Scientific's current Net Income (TTM) was 0.25. ==> 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.

Reflect Scientific's current Cash Flow from Operations (TTM) was 0.31. ==> 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)
=0.254/2.677
=0.09488233

ROA (Last Year)=Net Income/Total Assets (Mar23)
=-0.343/2.267
=-0.15130128

Reflect Scientific's return on assets of this year was 0.09488233. Reflect Scientific's return on assets of last year was -0.15130128. ==> This year is higher. ==> Score 1.

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.

Reflect Scientific's current Net Income (TTM) was 0.25. Reflect Scientific's current Cash Flow from Operations (TTM) was 0.31. ==> 0.31 > 0.25 ==> 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: Sep25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Sep25
=0.019/2.5204
=0.00753849

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=0.161/2.562
=0.06284153

Reflect Scientific's gearing of this year was 0.00753849. Reflect Scientific's gearing of last year was 0.06284153. ==> 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: Sep25)=Total Current Assets/Total Current Liabilities
=2.696/0.69
=3.90724638

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=2.396/0.655
=3.65801527

Reflect Scientific's current ratio of this year was 3.90724638. Reflect Scientific's current ratio of last year was 3.65801527. ==> 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.

Reflect Scientific's number of shares in issue this year was 85.664. Reflect Scientific's number of shares in issue last year was 85.664. ==> 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
=1.096/1.784
=0.61434978

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0.711/1.268
=0.56072555

Reflect Scientific's gross margin of this year was 0.61434978. Reflect Scientific's gross margin of last year was 0.56072555. ==> 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)
=1.784/2.677
=0.66641763

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=1.268/2.267
=0.55932951

Reflect Scientific's asset turnover of this year was 0.66641763. Reflect Scientific's asset turnover of last year was 0.55932951. ==> 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+1+1+1+1+1+1+1
=9

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

Reflect Scientific has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 9 mean?
Reflect Scientific (RSCF) has a Piotroski F-Score of 9 as of Jul. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Reflect Scientific and its competitors. This is 80% above median its historical median of 5.00. Over the past decade, Reflect Scientific's Piotroski F-Score has ranged from 1.00 to 9.00. According to the industry distribution chart, Reflect Scientific ranks #1 out of 802 companies in the Medical Devices & Instruments industry, placing it in the top 0.099999999999994%.
Is Reflect Scientific's Piotroski F-Score too high?
Reflect Scientific's current Piotroski F-Score of 9 is 80% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 9.00. The Medical Devices & Instruments industry median Piotroski F-Score is 5.00. Reflect Scientific's value of 9 is 80% above this industry median. Based on the distribution chart, Reflect Scientific ranks #1 out of 802 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers.
How does Reflect Scientific's Piotroski F-Score compare to NXGL and LUCY?
According to the Medical Devices & Instruments industry distribution chart, Reflect Scientific ranks #1 out of 802 companies for Piotroski F-Score. This places Reflect Scientific in the top 0% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Reflect Scientific's value of 9 is 80% above this benchmark. Historically, Reflect Scientific's own Piotroski F-Score has ranged from 1.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Reflect Scientific 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 802 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. Reflect Scientific's current Piotroski F-Score of 9 is 80% 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 Reflect Scientific 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. Reflect Scientific's current Piotroski F-Score is 9, which is 80% 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 Reflect Scientific stock overvalued right now?
Reflect Scientific (RSCF) has a current Piotroski F-Score of 9. The current Piotroski F-Score is 9, which is 80% above median its 10-year median of 5.00 and 80% above the Medical Devices & Instruments industry median of 5.00. 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 Reflect Scientific (RSCF), the current Piotroski F-Score is 9 as of Jul. 15, 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.

Reflect Scientific Business Description

Address 1266 South 1380 West, Orem, UT, USA, 84058
Reflect Scientific Inc is engaged in the manufacture and distribution of products targeted at the life science market. The group's customers include hospitals, diagnostic laboratories, pharmaceutical and biotech companies, cold chain management, universities, government and private sector research facilities, and chemical and industrial companies. Its growing product portfolio includes ultra-low temperature freezers, blast freezers, solvent chillers, and refrigerated transportation in addition to supplying OEM products to the life sciences industry. The group's products are Cryometrix, GCFerrules, and Visacon. It recognizes revenue from the sale of scientific equipment for the life sciences and manufacturing industries.