RUSMF (Russel Metals) Piotroski F-Score: 8 (As of Jun. 24, 2026) — 33% Above Median


RUSMF Russel Metals Inc RUSMF
79 GF Score
Price $41.89
GF Value $36.59
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Russel Metals Piotroski F-Score?

Russel Metals RUSMF -6.91% 79 Piotroski F-Score is 8 as of Jun. 24, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates RUSMF with a GF Score™ of 79/100 and a GF Value™ of $36.59 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 150 Industrial Distribution companies, Russel Metals ranks better than 96% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

Russel Metals has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

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

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

Russel Metals  (OTCPK:RUSMF) 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.


Russel Metals Piotroski F-Score Related Terms


Russel Metals Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Russel Metals'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.

Russel Metals Piotroski F-Score Chart

Russel Metals 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 5.00 6.00 5.00 7.00

Russel Metals 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 7.00 7.00 8.00

RUSMF vs GWW, FAST, FERG: Piotroski F-Score Comparison

For the Industrial Distribution subindustry, Russel Metals'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.


Russel Metals Piotroski F-Score vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Russel Metals's Piotroski F-Score distribution charts can be found below:

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


RUSMF
79GF Score
Russel Metals Inc RUSMF
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 44.191 + 25.3 + 22.037 + 52.332 = $144 Mil.
Cash Flow from Operations was 35.045 + 45.395 + 76.404 + 16.691 = $174 Mil.
Revenue was 883.304 + 843.502 + 792.823 + 1033.746 = $3,553 Mil.
Gross Profit was 205.956 + 177.967 + 168.249 + 220.627 = $773 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1886.25 + 1923.983 + 1895.909 + 1946.067 + 2073.105) / 5 = $1945.0628 Mil.
Total Assets at the begining of this year (Mar25) was $1,886 Mil.
Long-Term Debt & Capital Lease Obligation was $333 Mil.
Total Current Assets was $1,420 Mil.
Total Current Liabilities was $497 Mil.
Net Income was 36.41 + 25.469 + 18.881 + 29.953 = $111 Mil.

Revenue was 781.831 + 804.223 + 729.417 + 817.498 = $3,133 Mil.
Gross Profit was 164.393 + 158.645 + 148.663 + 175.815 = $648 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1913.933 + 1773.951 + 1833.752 + 1647.154 + 1886.25) / 5 = $1811.008 Mil.
Total Assets at the begining of last year (Mar24) was $1,914 Mil.
Long-Term Debt & Capital Lease Obligation was $319 Mil.
Total Current Assets was $1,291 Mil.
Total Current Liabilities was $384 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.

Russel Metals's current Net Income (TTM) was 144. ==> 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.

Russel Metals's current Cash Flow from Operations (TTM) was 174. ==> 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)
=143.86/1886.25
=0.07626773

ROA (Last Year)=Net Income/Total Assets (Mar24)
=110.713/1913.933
=0.05784581

Russel Metals's return on assets of this year was 0.07626773. Russel Metals's return on assets of last year was 0.05784581. ==> 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.

Russel Metals's current Net Income (TTM) was 144. Russel Metals's current Cash Flow from Operations (TTM) was 174. ==> 174 > 144 ==> 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
=332.726/1945.0628
=0.17106183

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=318.682/1811.008
=0.1759694

Russel Metals's gearing of this year was 0.17106183. Russel Metals's gearing of last year was 0.1759694. ==> 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
=1419.534/496.939
=2.85655583

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1291.446/383.533
=3.36723567

Russel Metals's current ratio of this year was 2.85655583. Russel Metals's current ratio of last year was 3.36723567. ==> 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.

Russel Metals's number of shares in issue this year was 55.026. Russel Metals's number of shares in issue last year was 56.984. ==> 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
=772.799/3553.375
=0.2174831

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=647.516/3132.969
=0.20667807

Russel Metals's gross margin of this year was 0.2174831. Russel Metals's gross margin of last year was 0.20667807. ==> 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 (Mar25)
=3553.375/1886.25
=1.88383035

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=3132.969/1913.933
=1.63692721

Russel Metals's asset turnover of this year was 1.88383035. Russel Metals's asset turnover of last year was 1.63692721. ==> 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+0+1+1+1
=8

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

Russel Metals has an F-score of 8. 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 8 mean?
Russel Metals (RUSMF) has a Piotroski F-Score of 8 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Russel Metals and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Russel Metals' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Russel Metals ranks #6 out of 150 companies in the Industrial Distribution industry, placing it in the top 4%.
Is Russel Metals' Piotroski F-Score too high?
Russel Metals' current Piotroski F-Score of 8 is 33% above 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 Industrial Distribution industry median Piotroski F-Score is 6.00. Russel Metals' value of 8 is 33.3% above this industry median. Based on the distribution chart, Russel Metals ranks #6 out of 150 companies in the Industrial Distribution industry, which is in the top quartile — a strong position relative to peers. Overall, Russel Metals has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Russel Metals' Piotroski F-Score compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Russel Metals ranks #6 out of 150 companies for Piotroski F-Score. This places Russel Metals in the top 4% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Russel Metals' value of 8 is 33.3% above this benchmark. Historically, Russel Metals' 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 6.00, Russel Metals 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 an Industrial Distribution company?
The median Piotroski F-Score among Industrial Distribution companies is 6.00, based on 150 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. Russel Metals's current Piotroski F-Score of 8 is 33.3% 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 Russel Metals and its competitors. For the Industrial Distribution industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Russel Metals's current Piotroski F-Score is 8, which is 33% above 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 Russel Metals stock overvalued right now?
Based on GuruFocus' analysis, Russel Metals (RUSMF) is currently considered Modestly Overvalued. The stock's GF Value™ is $36.59, compared to a current price of $41.89 — trading 14.5% above its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 33.3% above the Industrial Distribution industry median of 6.00. Russel Metals' overall GF Score™ is 79/100 with 8 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 Russel Metals (RUSMF), the current Piotroski F-Score is 8 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 Russel Metals (RUSMF) Overvalued in 2026?

Based on GuruFocus' analysis, Russel Metals stock appears to be overvalued. The current stock price of $41.89 is trading 14.5% above its estimated GF Value™ of $36.59. GuruFocus considers Russel Metals to be Modestly Overvalued.

Key valuation signals for RUSMF:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: $36.59 vs. price of $41.89 (14.5% above fair value)
  • GF Score™: 79/100 with 8 warning signs
  • Industry Position: 33.3% above the Industrial Distribution median (#6 of 150)

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


Russel Metals Business Description

Other Exchanges RMZ:GermanyRUS:Canada
Address 6600 Financial Drive, Mississauga, ON, CAN, L5N 7J6
Russel Metals Inc is a Canada-based metal distribution company. The company conducts business in Canada and the U.S. in three operating and reportable segments: Metals Service Centers, Energy Field Stores, and Steel Distributors. The majority of its revenue is generated from the Metals Service Centers segment, which carries an extensive line of metal products in a wide range of sizes, shapes, and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum, and other non-ferrous specialty metals. It purchases these products mainly from North American steel producers, processes, packages, and sells them to end users in accordance with their specific needs. Geographically, the company generates maximum revenue from Canada.
79GF Score

Get the complete analysis for RUSMF

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

$41.89
Price
$36.59
GF Value