SRL (Scully Royalty) Piotroski F-Score: 3 (As of Jun. 25, 2026) — 25% Below Median


SRL Scully Royalty Ltd SRL
49 GF Score
Price $6.13
GF Value $3.64
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Scully Royalty Piotroski F-Score?

Scully Royalty SRL 49 Piotroski F-Score is 3 as of Jun. 25, 2026, which is 25% below its 10-year median of 4.00. GuruFocus rates SRL with a GF Score™ of 49/100 and a GF Value™ of $3.64 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 781 Capital Markets companies, Scully Royalty ranks worse than 76.06% on this metric.

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Scully Royalty has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

SRL' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 7
Current: 3

During the past 13 years, the highest Piotroski F-Score of Scully Royalty was 7. The lowest was 2. And the median was 4.

Scully Royalty  (NYSE:SRL) 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.


Scully Royalty Piotroski F-Score Related Terms


Scully Royalty Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Scully Royalty'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.

Scully Royalty Piotroski F-Score Chart

Scully Royalty Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 6.00 3.00 6.00 3.00

Scully Royalty Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25
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 6.00 0.00 3.00 0.00

SRL vs AURE, BMHL, DOMH: Piotroski F-Score Comparison

For the Capital Markets subindustry, Scully Royalty'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.


Scully Royalty Piotroski F-Score vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Scully Royalty's Piotroski F-Score distribution charts can be found below:

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


SRL
49GF Score
Scully Royalty Ltd SRL
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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was $-14.45 Mil.
Cash Flow from Operations was $-22.14 Mil.
Revenue was $24.78 Mil.
Gross Profit was $19.82 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was (337.259 + 307.5) / 2 = $322.3795 Mil.
Total Assets at the begining of this year (Dec23) was $337.26 Mil.
Long-Term Debt & Capital Lease Obligation was $25.65 Mil.
Total Current Assets was $123.06 Mil.
Total Current Liabilities was $27.02 Mil.
Net Income was $1.04 Mil.

Revenue was $40.95 Mil.
Gross Profit was $26.74 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was (350.001 + 337.259) / 2 = $343.63 Mil.
Total Assets at the begining of last year (Dec22) was $350.00 Mil.
Long-Term Debt & Capital Lease Obligation was $32.59 Mil.
Total Current Assets was $122.65 Mil.
Total Current Liabilities was $15.34 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.

Scully Royalty's current Net Income (TTM) was -14.45. ==> 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.

Scully Royalty's current Cash Flow from Operations (TTM) was -22.14. ==> Negative ==> Score 0.

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 (Dec23)
=-14.451/337.259
=-0.04284837

ROA (Last Year)=Net Income/Total Assets (Dec22)
=1.037/350.001
=0.00296285

Scully Royalty's return on assets of this year was -0.04284837. Scully Royalty's return on assets of last year was 0.00296285. ==> 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.

Scully Royalty's current Net Income (TTM) was -14.45. Scully Royalty's current Cash Flow from Operations (TTM) was -22.14. ==> -22.14 <= -14.45 ==> CFROA <= ROA ==> Score 0.

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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=25.651/322.3795
=0.07956771

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=32.586/343.63
=0.09482874

Scully Royalty's gearing of this year was 0.07956771. Scully Royalty's gearing of last year was 0.09482874. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=123.057/27.015
=4.55513604

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=122.648/15.335
=7.99791327

Scully Royalty's current ratio of this year was 4.55513604. Scully Royalty's current ratio of last year was 7.99791327. ==> 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.

Scully Royalty's number of shares in issue this year was 14.822. Scully Royalty's number of shares in issue last year was 14.822. ==> 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
=19.821/24.779
=0.79991122

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=26.737/40.954
=0.65285442

Scully Royalty's gross margin of this year was 0.79991122. Scully Royalty's gross margin of last year was 0.65285442. ==> 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 (Dec23)
=24.779/337.259
=0.07347172

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=40.954/350.001
=0.11701109

Scully Royalty's asset turnover of this year was 0.07347172. Scully Royalty's asset turnover of last year was 0.11701109. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+0+0+0+1+0+1+1+0
=3

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

Scully Royalty has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
Scully Royalty (SRL) has a Piotroski F-Score of 3 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Scully Royalty and its competitors. This is 25% below median its historical median of 4.00. Over the past decade, Scully Royalty's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Scully Royalty ranks #594 out of 781 companies in the Capital Markets industry, placing it in the top 76.1%.
Is Scully Royalty's Piotroski F-Score too high?
Scully Royalty's current Piotroski F-Score of 3 is 25% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Capital Markets industry median Piotroski F-Score is 5.00. Scully Royalty's value of 3 is 40% below this industry median. Based on the distribution chart, Scully Royalty ranks #594 out of 781 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Scully Royalty has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Scully Royalty's Piotroski F-Score compare to AURE and BMHL?
According to the Capital Markets industry distribution chart, Scully Royalty ranks #594 out of 781 companies for Piotroski F-Score. This places Scully Royalty in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Scully Royalty's value of 3 is 40% below this benchmark. Historically, Scully Royalty's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Scully Royalty 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 Capital Markets company?
The median Piotroski F-Score among Capital Markets companies is 5.00, based on 781 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. Scully Royalty's current Piotroski F-Score of 3 is 40% 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 Scully Royalty and its competitors. For the Capital Markets 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. Scully Royalty's current Piotroski F-Score is 3, which is 25% below median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Scully Royalty stock overvalued right now?
Based on GuruFocus' analysis, Scully Royalty (SRL) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.64, compared to a current price of $6.13 — trading 68.3% above its estimated fair value. The current Piotroski F-Score is 3, which is 25% below median its 10-year median of 4.00 and 40% below the Capital Markets industry median of 5.00. Scully Royalty's overall GF Score™ is 49/100 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 Scully Royalty (SRL), the current Piotroski F-Score is 3 as of Jun. 25, 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 Scully Royalty (SRL) Overvalued in 2026?

Based on GuruFocus' analysis, Scully Royalty stock appears to be overvalued. The current stock price of $6.13 is trading 68.3% above its estimated GF Value™ of $3.64. GuruFocus considers Scully Royalty to be Significantly Overvalued.

Key valuation signals for SRL:

  • Piotroski F-Score: 3 (25% below median its 10-year median of 4.00)
  • GF Value™: $3.64 vs. price of $6.13 (68.3% above fair value)
  • GF Score™: 49/100 with 6 warning signs
  • Industry Position: 40% below the Capital Markets median (#594 of 781)

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


Scully Royalty Business Description

Address 2299 Yan An Road West, Room 2103 Shanghai Mart Tower, Changning District, Shanghai, CHN, 200336
Scully Royalty Ltd is a royalty-based company that maximizes earnings upon its iron ore royalty interest. The company's business segments include Royalty, which includes an interest in an iron ore mine; Industrial, which includes projects in resources and services; Merchant Banking, which comprises regulated merchant banking activities; and others. The majority of the revenue is generated from the Royalty segment. The company's geographical segments include Canada, Africa, America, Asia, and Europe, out of which Canada accounts for the majority of the revenue.
49GF Score

Get the complete analysis for SRL

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

$6.13
Price
$3.64
GF Value