Gates Industrial (STU:1JL) Piotroski F-Score: 7 (As of Aug. 09, 2026) — Near Median

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STU:1JL Gates Industrial Corp PLC STU:1JL
79 GF Score
Price €23.00
GF Value €17.81
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Gates Industrial Piotroski F-Score?

Gates Industrial STU:1JL -1.71% 79 Piotroski F-Score is 7 as of Aug. 09, 2026, which is at its 10-year median of 7.00. GuruFocus rates STU:1JL with a GF Score™ of 79/100 and a GF Value™ of €17.81 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 2,951 Industrial Products companies, Gates Industrial ranks better than 90.55% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

Gates Industrial has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

STU:1JL' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 9
Current: 7

During the past 12 years, the highest Piotroski F-Score of Gates Industrial was 9. The lowest was 4. And the median was 7.

Gates Industrial  (STU:1JL) 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.


Gates Industrial Piotroski F-Score Related Terms


Gates Industrial Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Gates Industrial'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.

Gates Industrial Piotroski F-Score Chart

Gates Industrial 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 8.00 7.00 9.00 7.00 8.00

Gates Industrial Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 7.00 8.00 8.00 8.00 7.00

STU:1JL vs NPO, JBTM, MIDD: Piotroski F-Score Comparison

For the Specialty Industrial Machinery subindustry, Gates Industrial'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.


Gates Industrial Piotroski F-Score vs Industrial Products Industry

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

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


STU:1JL
79GF Score
Gates Industrial Corp PLC STU:1JL
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 (Jun26) TTM:Last Year (Jun25) TTM:
Net Income was 69.523 + 43.81 + 51.64 + 148.341 = €313 Mil.
Cash Flow from Operations was 83.496 + 230.409 + 26.123 + 68.225 = €408 Mil.
Revenue was 729.056 + 731.195 + 736.201 + 817.309 = €3,014 Mil.
Gross Profit was 291.043 + 277.806 + 292.37 + 335.135 = €1,196 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(6257.833 + 6091.544 + 6107.296 + 6154.475 + 6416.95) / 5 = €6205.6196 Mil.
Total Assets at the begining of this year (Jun25) was €6,258 Mil.
Long-Term Debt & Capital Lease Obligation was €2,017 Mil.
Total Current Assets was €2,352 Mil.
Total Current Liabilities was €725 Mil.
Net Income was 42.888 + 34.953 + 57.35 + 48.985 = €184 Mil.

Revenue was 748.461 + 792.077 + 784.03 + 766.168 = €3,091 Mil.
Gross Profit was 302.556 + 320.212 + 318.755 + 312.293 = €1,254 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(6535.329 + 6416.472 + 6480.917 + 6369.365 + 6257.833) / 5 = €6411.9832 Mil.
Total Assets at the begining of last year (Jun24) was €6,535 Mil.
Long-Term Debt & Capital Lease Obligation was €2,110 Mil.
Total Current Assets was €2,186 Mil.
Total Current Liabilities was €632 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.

Gates Industrial's current Net Income (TTM) was 313. ==> 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.

Gates Industrial's current Cash Flow from Operations (TTM) was 408. ==> 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 (Jun25)
=313.314/6257.833
=0.05006749

ROA (Last Year)=Net Income/Total Assets (Jun24)
=184.176/6535.329
=0.0281816

Gates Industrial's return on assets of this year was 0.05006749. Gates Industrial's return on assets of last year was 0.0281816. ==> 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.

Gates Industrial's current Net Income (TTM) was 313. Gates Industrial's current Cash Flow from Operations (TTM) was 408. ==> 408 > 313 ==> 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: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun25 to Jun26
=2016.885/6205.6196
=0.32500945

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=2109.758/6411.9832
=0.32903361

Gates Industrial's gearing of this year was 0.32500945. Gates Industrial's gearing of last year was 0.32903361. ==> 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: Jun26)=Total Current Assets/Total Current Liabilities
=2351.672/724.867
=3.24428067

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=2186.14/632.303
=3.45742468

Gates Industrial's current ratio of this year was 3.24428067. Gates Industrial's current ratio of last year was 3.45742468. ==> 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.

Gates Industrial's number of shares in issue this year was 0. Gates Industrial's number of shares in issue last year was 260.47. ==> 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
=1196.354/3013.761
=0.39696379

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1253.816/3090.736
=0.40566907

Gates Industrial's gross margin of this year was 0.39696379. Gates Industrial's gross margin of last year was 0.40566907. ==> 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 (Jun25)
=3013.761/6257.833
=0.48159818

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=3090.736/6535.329
=0.47292738

Gates Industrial's asset turnover of this year was 0.48159818. Gates Industrial's asset turnover of last year was 0.47292738. ==> 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+0+1
=7

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

Gates Industrial has an F-score of 7. 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 7 mean?
Gates Industrial (STU:1JL) has a Piotroski F-Score of 7 as of Aug. 09, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Gates Industrial and its competitors. This is near median its historical median of 7.00. Over the past decade, Gates Industrial's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Gates Industrial ranks #279 out of 2951 companies in the Industrial Products industry, placing it in the top 9.5%.
Is Gates Industrial's Piotroski F-Score too high?
Gates Industrial's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Industrial Products industry median Piotroski F-Score is 5.00. Gates Industrial's value of 7 is 40% above this industry median. Based on the distribution chart, Gates Industrial ranks #279 out of 2951 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Gates Industrial has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gates Industrial's Piotroski F-Score compare to NPO and JBTM?
According to the Industrial Products industry distribution chart, Gates Industrial ranks #279 out of 2951 companies for Piotroski F-Score. This places Gates Industrial in the top 10% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Gates Industrial's value of 7 is 40% above this benchmark. Historically, Gates Industrial's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Gates Industrial 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 Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,951 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. Gates Industrial's current Piotroski F-Score of 7 is 40% 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 Gates Industrial and its competitors. For the Industrial Products 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. Gates Industrial's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gates Industrial stock overvalued right now?
Based on GuruFocus' analysis, Gates Industrial (STU:1JL) is currently considered Modestly Overvalued. The stock's GF Value™ is €17.81, compared to a current price of €23.00 — trading 29.1% above its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Industrial Products industry median of 5.00. Gates Industrial's overall GF Score™ is 79/100 with 7 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 Gates Industrial (STU:1JL), the current Piotroski F-Score is 7 as of Aug. 09, 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 Gates Industrial (STU:1JL) Overvalued in 2026?

Based on GuruFocus' analysis, Gates Industrial stock appears to be overvalued. The current stock price of €23.00 is trading 29.1% above its estimated GF Value™ of €17.81. GuruFocus considers Gates Industrial to be Modestly Overvalued.

Key valuation signals for STU:1JL:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: €17.81 vs. price of €23.00 (29.1% above fair value)
  • GF Score™: 79/100 with 7 warning signs
  • Industry Position: 40% above the Industrial Products median (#279 of 2951)

No single metric tells the full story. See the STU:1JL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gates Industrial Business Description

Other Exchanges GTES:USA
Address 1144 Fifteenth Street, Denver, CO, USA, 80202
Gates Industrial Corp PLC is a manufacturer of engineered power transmission and fluid power solutions. The company has two operating segments; Power Transmission and Fluid Power segments. The Power Transmission solutions convey power and control motion. It is used in applications in which belts, chains, cables, geared transmissions, or direct drives transfer power from an engine or motor to another part or system. The Fluid power solutions are used in applications in which hoses and rigid tubing assemblies either transfer power hydraulically or convey fluids, gases, or granular materials from one location to another. The company generates key revenue from the Power Transmission segment. Company operates in USA, United Kingdom, Luxembourg, EMEA, with majority revenue from USA.
79GF Score

Get the complete analysis for STU:1JL

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

€23.00
Price
€17.81
GF Value