RTO (Rentokil Initial) Piotroski F-Score: 6 (As of Jun. 24, 2026) — Near Median


RTO Rentokil Initial PLC RTO
88 GF Score
Price $29.00
GF Value $29.87
Valuation Fairly Valued
! 6 Warning Signs
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What is Rentokil Initial Piotroski F-Score?

Rentokil Initial RTO +2.29% 88 Piotroski F-Score is 6 as of Jun. 24, 2026, which is at its 10-year median of 6.00. GuruFocus rates RTO with a GF Score™ of 88/100 and a GF Value™ of $29.87 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,063 Business Services companies, Rentokil Initial ranks better than 72.25% 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

Rentokil Initial 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 Rentokil Initial's Piotroski F-Score or its related term are showing as below:

RTO' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of Rentokil Initial was 7. The lowest was 3. And the median was 6.

Rentokil Initial  (NYSE:RTO) 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.


Rentokil Initial Piotroski F-Score Related Terms


Rentokil Initial Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Rentokil Initial'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.

Rentokil Initial Piotroski F-Score Chart

Rentokil Initial 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 6.00 7.00 5.00 6.00 6.00

Rentokil Initial 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 5.00 0.00 6.00 0.00 6.00

RTO vs CTAS, CPRT, GPN: Piotroski F-Score Comparison

For the Specialty Business Services subindustry, Rentokil Initial'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.


Rentokil Initial Piotroski F-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Rentokil Initial's Piotroski F-Score distribution charts can be found below:

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


RTO
88GF Score
Rentokil Initial PLC RTO
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was $470 Mil.
Cash Flow from Operations was $972 Mil.
Revenue was $6,908 Mil.
Gross Profit was $5,742 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (13211 + 14434) / 2 = $13822.5 Mil.
Total Assets at the begining of this year (Dec24) was $13,211 Mil.
Long-Term Debt & Capital Lease Obligation was $4,548 Mil.
Total Current Assets was $3,859 Mil.
Total Current Liabilities was $3,315 Mil.
Net Income was $392 Mil.

Revenue was $6,617 Mil.
Gross Profit was $5,528 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (14173 + 13211) / 2 = $13692 Mil.
Total Assets at the begining of last year (Dec23) was $14,173 Mil.
Long-Term Debt & Capital Lease Obligation was $3,521 Mil.
Total Current Assets was $2,611 Mil.
Total Current Liabilities was $3,224 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.

Rentokil Initial's current Net Income (TTM) was 470. ==> 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.

Rentokil Initial's current Cash Flow from Operations (TTM) was 972. ==> 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 (Dec24)
=470/13211
=0.03557641

ROA (Last Year)=Net Income/Total Assets (Dec23)
=392/14173
=0.02765822

Rentokil Initial's return on assets of this year was 0.03557641. Rentokil Initial's return on assets of last year was 0.02765822. ==> 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.

Rentokil Initial's current Net Income (TTM) was 470. Rentokil Initial's current Cash Flow from Operations (TTM) was 972. ==> 972 > 470 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=4548/13822.5
=0.32902876

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=3521/13692
=0.25715746

Rentokil Initial's gearing of this year was 0.32902876. Rentokil Initial's gearing of last year was 0.25715746. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=3859/3315
=1.16410256

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=2611/3224
=0.80986352

Rentokil Initial's current ratio of this year was 1.16410256. Rentokil Initial's current ratio of last year was 0.80986352. ==> 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.

Rentokil Initial's number of shares in issue this year was 507. Rentokil Initial's number of shares in issue last year was 505.6. ==> 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
=5742/6908
=0.83121019

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5528/6617
=0.83542391

Rentokil Initial's gross margin of this year was 0.83121019. Rentokil Initial's gross margin of last year was 0.83542391. ==> 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 (Dec24)
=6908/13211
=0.52289759

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=6617/14173
=0.46687363

Rentokil Initial's asset turnover of this year was 0.52289759. Rentokil Initial's asset turnover of last year was 0.46687363. ==> 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+0+1+0+0+1
=6

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

Rentokil Initial 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?
Rentokil Initial (RTO) 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 Rentokil Initial and its competitors. This is near median its historical median of 6.00. Over the past decade, Rentokil Initial's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Rentokil Initial ranks #295 out of 1063 companies in the Business Services industry, placing it in the top 27.8%.
Is Rentokil Initial's Piotroski F-Score too high?
Rentokil Initial'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 3.00 to a high of 7.00. The Business Services industry median Piotroski F-Score is 5.00. Rentokil Initial's value of 6 is 20% above this industry median. Based on the distribution chart, Rentokil Initial ranks #295 out of 1063 companies in the Business Services industry, which is above the industry midpoint. Overall, Rentokil Initial has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Rentokil Initial's Piotroski F-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Rentokil Initial ranks #295 out of 1063 companies for Piotroski F-Score. This puts Rentokil Initial in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Rentokil Initial's value of 6 is 20% above this benchmark. Historically, Rentokil Initial's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Rentokil Initial 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,063 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. Rentokil Initial'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 Rentokil Initial and its competitors. For the Business 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. Rentokil Initial'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 Rentokil Initial stock overvalued right now?
Based on GuruFocus' analysis, Rentokil Initial (RTO) is currently considered Fairly Valued. The stock's GF Value™ is $29.87, compared to a current price of $29.00 — trading 2.9% below 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 Business Services industry median of 5.00. Rentokil Initial's overall GF Score™ is 88/100 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 Rentokil Initial (RTO), 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.

Is Rentokil Initial (RTO) Overvalued in 2026?

Based on GuruFocus' analysis, Rentokil Initial stock appears to be undervalued. The current stock price of $29.00 is trading 2.9% below its estimated GF Value™ of $29.87. GuruFocus considers Rentokil Initial to be Fairly Valued.

Key valuation signals for RTO:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: $29.87 vs. price of $29.00 (2.9% below fair value)
  • GF Score™: 88/100 with 6 warning signs
  • Industry Position: 20% above the Business Services median (#295 of 1063)

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


Rentokil Initial Business Description

Address Manor Royal, Compass House, Crawley, West Sussex, GBR, RH10 9PY
Rentokil Initial is the largest global provider of route-based pest control and commercial hygiene services, operating in over 90 countries, with its largest operations in the United States following the acquisition of Terminix. The group also offers a range of specialist route-based services, including office and commercial space plant care, property care, and workwear rentals. The group serves a diverse client base of global food producers, hotel chains, industrial goods companies, restaurants, and individual residential customers.
88GF Score

Get the complete analysis for RTO

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

$29.00
Price
$29.87
GF Value