SCL (Stepan Co) Piotroski F-Score: 6 (As of Jun. 24, 2026) — Near Median


SCL Stepan Co SCL
79 GF Score
Price $54.20
GF Value $70.56
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Stepan Co Piotroski F-Score?

Stepan Co SCL +2.75% 79 Piotroski F-Score is 6 as of Jun. 24, 2026, which is at its 10-year median of 6.00. GuruFocus rates SCL with a GF Score™ of 79/100 and a GF Value™ of $70.56 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,566 Chemicals companies, Stepan Co ranks better than 76.18% 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

Stepan Co 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 Stepan Co's Piotroski F-Score or its related term are showing as below:

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

During the past 13 years, the highest Piotroski F-Score of Stepan Co was 8. The lowest was 4. And the median was 6.

Stepan Co  (NYSE:SCL) 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.


Stepan Co Piotroski F-Score Related Terms


Stepan Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Stepan Co'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.

Stepan Co Piotroski F-Score Chart

Stepan Co 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 4.00 5.00 5.00 7.00 7.00

Stepan Co 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 8.00 7.00 6.00 7.00 6.00

SCL vs ODC, ECVT, KRO: Piotroski F-Score Comparison

For the Specialty Chemicals subindustry, Stepan Co'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.


Stepan Co Piotroski F-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Stepan Co's Piotroski F-Score distribution charts can be found below:

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


SCL
79GF Score
Stepan Co SCL
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 11.341 + 10.839 + 5.004 + -41.406 = $-14 Mil.
Cash Flow from Operations was 11.193 + 69.756 + 59.991 + 16.934 = $158 Mil.
Revenue was 594.689 + 590.284 + 553.886 + 604.509 = $2,343 Mil.
Gross Profit was 71.885 + 71.023 + 51.517 + 64.851 = $259 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2389.683 + 2416.13 + 2432.284 + 2357.702 + 2333.337) / 5 = $2385.8272 Mil.
Total Assets at the begining of this year (Mar25) was $2,390 Mil.
Long-Term Debt & Capital Lease Obligation was $376 Mil.
Total Current Assets was $906 Mil.
Total Current Liabilities was $720 Mil.
Net Income was 9.521 + 23.606 + 3.35 + 19.711 = $56 Mil.

Revenue was 556.405 + 546.842 + 525.609 + 593.255 = $2,222 Mil.
Gross Profit was 69.552 + 75.685 + 56.696 + 75.463 = $277 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2373.147 + 2348.59 + 2413.789 + 2304.648 + 2389.683) / 5 = $2365.9714 Mil.
Total Assets at the begining of last year (Mar24) was $2,373 Mil.
Long-Term Debt & Capital Lease Obligation was $388 Mil.
Total Current Assets was $897 Mil.
Total Current Liabilities was $739 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.

Stepan Co's current Net Income (TTM) was -14. ==> 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.

Stepan Co's current Cash Flow from Operations (TTM) was 158. ==> 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)
=-14.222/2389.683
=-0.00595142

ROA (Last Year)=Net Income/Total Assets (Mar24)
=56.188/2373.147
=0.02367658

Stepan Co's return on assets of this year was -0.00595142. Stepan Co's return on assets of last year was 0.02367658. ==> 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.

Stepan Co's current Net Income (TTM) was -14. Stepan Co's current Cash Flow from Operations (TTM) was 158. ==> 158 > -14 ==> 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
=375.501/2385.8272
=0.15738818

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=387.759/2365.9714
=0.16388998

Stepan Co's gearing of this year was 0.15738818. Stepan Co's gearing of last year was 0.16388998. ==> 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
=906.238/720.453
=1.25787248

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=897.156/739.48
=1.21322551

Stepan Co's current ratio of this year was 1.25787248. Stepan Co's current ratio of last year was 1.21322551. ==> 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.

Stepan Co's number of shares in issue this year was 22.888. Stepan Co's number of shares in issue last year was 22.89. ==> 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
=259.276/2343.368
=0.11064246

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=277.396/2222.111
=0.12483445

Stepan Co's gross margin of this year was 0.11064246. Stepan Co's gross margin of last year was 0.12483445. ==> 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 (Mar25)
=2343.368/2389.683
=0.98061877

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2222.111/2373.147
=0.93635624

Stepan Co's asset turnover of this year was 0.98061877. Stepan Co's asset turnover of last year was 0.93635624. ==> 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+1+1+0+1
=6

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

Stepan Co 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?
Stepan Co (SCL) 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 Stepan Co and its competitors. This is near median its historical median of 6.00. Over the past decade, Stepan Co's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Stepan Co ranks #373 out of 1566 companies in the Chemicals industry, placing it in the top 23.8%.
Is Stepan Co's Piotroski F-Score too high?
Stepan Co'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 4.00 to a high of 8.00. The Chemicals industry median Piotroski F-Score is 5.00. Stepan Co's value of 6 is 20% above this industry median. Based on the distribution chart, Stepan Co ranks #373 out of 1566 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Stepan Co has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Stepan Co's Piotroski F-Score compare to ODC and ECVT?
According to the Chemicals industry distribution chart, Stepan Co ranks #373 out of 1566 companies for Piotroski F-Score. This places Stepan Co in the top 24% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Stepan Co's value of 6 is 20% above this benchmark. Historically, Stepan Co's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Stepan Co 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,566 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. Stepan Co'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 Stepan Co and its competitors. For the Chemicals 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. Stepan Co'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 Stepan Co stock overvalued right now?
Based on GuruFocus' analysis, Stepan Co (SCL) is currently considered Modestly Undervalued. The stock's GF Value™ is $70.56, compared to a current price of $54.20 — trading 23.2% 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 Chemicals industry median of 5.00. Stepan Co's overall GF Score™ is 79/100 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 Stepan Co (SCL), 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 Stepan Co (SCL) Overvalued in 2026?

Based on GuruFocus' analysis, Stepan Co stock appears to be undervalued. The current stock price of $54.20 is trading 23.2% below its estimated GF Value™ of $70.56. GuruFocus considers Stepan Co to be Modestly Undervalued.

Key valuation signals for SCL:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: $70.56 vs. price of $54.20 (23.2% below fair value)
  • GF Score™: 79/100 with 6 warning signs
  • Industry Position: 20% above the Chemicals median (#373 of 1566)

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


Stepan Co Business Description

Address 1101 Skokie Boulevard, Suite 500, Northbrook, IL, USA, 60062
Stepan Co manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into three segments based on product type. The surfactants segment, which generates the majority of revenue, sells cleaning agents used in detergents, shampoos, body wash, fabric softeners, toothpastes, and other personal-care products. The polymers segment sells polyurethane used to manufacture rigid foam for thermal insulation, as well as phthalic anhydride used to make plastic components for the construction, automotive, and boating industries. The specialty products segment sells chemicals used in food and flavoring. The majority of Stepan's revenue comes from the United States, followed by France, Poland, the United Kingdom, Brazil, Mexico, and other countries.
79GF Score

Get the complete analysis for SCL

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

$54.20
Price
$70.56
GF Value