TXT (Textron) Piotroski F-Score: 9 (As of Jun. 24, 2026) — 50% Above Median


TXT Textron Inc TXT
87 GF Score
Price $86.54
GF Value $99.60
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Textron Piotroski F-Score?

Textron TXT +0.16% 87 Piotroski F-Score is 9 as of Jun. 24, 2026, which is 50% above its 10-year median of 6.00. GuruFocus rates TXT with a GF Score™ of 87/100 and a GF Value™ of $99.60 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 319 Aerospace & Defense companies, Textron ranks better than 99.69% on this metric.

Good Sign:

Piotroski F-Score is 9, 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

Textron has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

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

TXT' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 9

During the past 13 years, the highest Piotroski F-Score of Textron was 9. The lowest was 4. And the median was 6.

Textron  (NYSE:TXT) 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.


Textron Piotroski F-Score Related Terms


Textron Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Textron'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.

Textron Piotroski F-Score Chart

Textron 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 9.00 8.00 8.00 5.00 7.00

Textron 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 6.00 7.00 9.00

TXT vs BWXT, PL, ARXS: Piotroski F-Score Comparison

For the Aerospace & Defense subindustry, Textron'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.


Textron Piotroski F-Score vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Textron's Piotroski F-Score distribution charts can be found below:

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


TXT
87GF Score
Textron Inc TXT
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 245 + 234 + 235 + 220 = $934 Mil.
Cash Flow from Operations was 387 + 349 + 700 + -117 = $1,319 Mil.
Revenue was 3716 + 3602 + 4175 + 3695 = $15,188 Mil.
Gross Profit was 709 + 654 + 698 + 672 = $2,733 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(16942 + 17076 + 17381 + 18129 + 18141) / 5 = $17533.8 Mil.
Total Assets at the begining of this year (Mar25) was $16,942 Mil.
Long-Term Debt & Capital Lease Obligation was $3,450 Mil.
Total Current Assets was $8,642 Mil.
Total Current Liabilities was $4,685 Mil.
Net Income was 259 + 223 + 141 + 207 = $830 Mil.

Revenue was 3527 + 3427 + 3613 + 3306 = $13,873 Mil.
Gross Profit was 693 + 618 + 526 + 634 = $2,471 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(16414 + 16427 + 16452 + 16838 + 16942) / 5 = $16614.6 Mil.
Total Assets at the begining of last year (Mar24) was $16,414 Mil.
Long-Term Debt & Capital Lease Obligation was $3,378 Mil.
Total Current Assets was $7,894 Mil.
Total Current Liabilities was $4,389 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.

Textron's current Net Income (TTM) was 934. ==> 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.

Textron's current Cash Flow from Operations (TTM) was 1,319. ==> 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)
=934/16942
=0.05512926

ROA (Last Year)=Net Income/Total Assets (Mar24)
=830/16414
=0.05056659

Textron's return on assets of this year was 0.05512926. Textron's return on assets of last year was 0.05056659. ==> 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.

Textron's current Net Income (TTM) was 934. Textron's current Cash Flow from Operations (TTM) was 1,319. ==> 1,319 > 934 ==> 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
=3450/17533.8
=0.19676282

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=3378/16614.6
=0.20331516

Textron's gearing of this year was 0.19676282. Textron's gearing of last year was 0.20331516. ==> 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
=8642/4685
=1.84461046

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=7894/4389
=1.79858738

Textron's current ratio of this year was 1.84461046. Textron's current ratio of last year was 1.79858738. ==> 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.

Textron's number of shares in issue this year was 176.177. Textron's number of shares in issue last year was 183.668. ==> 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
=2733/15188
=0.17994469

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2471/13873
=0.17811576

Textron's gross margin of this year was 0.17994469. Textron's gross margin of last year was 0.17811576. ==> 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)
=15188/16942
=0.89647031

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=13873/16414
=0.84519313

Textron's asset turnover of this year was 0.89647031. Textron's asset turnover of last year was 0.84519313. ==> 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+1+1+1+1
=9

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

Textron has an F-score of 9. 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 9 mean?
Textron (TXT) has a Piotroski F-Score of 9 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Textron and its competitors. This is 50% above median its historical median of 6.00. Over the past decade, Textron's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Textron ranks #1 out of 319 companies in the Aerospace & Defense industry, placing it in the top 0.3%.
Is Textron's Piotroski F-Score too high?
Textron's current Piotroski F-Score of 9 is 50% above 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 9.00. The Aerospace & Defense industry median Piotroski F-Score is 5.00. Textron's value of 9 is 80% above this industry median. Based on the distribution chart, Textron ranks #1 out of 319 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Textron has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Textron's Piotroski F-Score compare to BWXT and PL?
According to the Aerospace & Defense industry distribution chart, Textron ranks #1 out of 319 companies for Piotroski F-Score. This places Textron in the top 0% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Textron's value of 9 is 80% above this benchmark. Historically, Textron'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 6.00 vs. the industry median of 5.00, Textron 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 Aerospace & Defense company?
The median Piotroski F-Score among Aerospace & Defense companies is 5.00, based on 319 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. Textron's current Piotroski F-Score of 9 is 80% 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 Textron and its competitors. For the Aerospace & Defense 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. Textron's current Piotroski F-Score is 9, which is 50% 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 Textron stock overvalued right now?
Based on GuruFocus' analysis, Textron (TXT) is currently considered Modestly Undervalued. The stock's GF Value™ is $99.60, compared to a current price of $86.54 — trading 13.1% below its estimated fair value. The current Piotroski F-Score is 9, which is 50% above median its 10-year median of 6.00 and 80% above the Aerospace & Defense industry median of 5.00. Textron's overall GF Score™ is 87/100 with 2 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 Textron (TXT), the current Piotroski F-Score is 9 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 Textron (TXT) Overvalued in 2026?

Based on GuruFocus' analysis, Textron stock appears to be undervalued. The current stock price of $86.54 is trading 13.1% below its estimated GF Value™ of $99.60. GuruFocus considers Textron to be Modestly Undervalued.

Key valuation signals for TXT:

  • Piotroski F-Score: 9 (50% above median its 10-year median of 6.00)
  • GF Value™: $99.60 vs. price of $86.54 (13.1% below fair value)
  • GF Score™: 87/100 with 2 warning signs
  • Industry Position: 80% above the Aerospace & Defense median (#1 of 319)

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


Textron Business Description

Address 40 Westminster Street, Providence, RI, USA, 02903
Textron is a conglomerate that designs, manufactures, and services a range of specialty aircraft including small jets, propeller-driven airplanes, helicopters, and tilt-rotor aircraft. Textron Aviation manufactures and services Cessna and Beechcraft planes. Bell is a helicopter and tilt-rotor manufacturer and servicer for both commercial and military customers. Textron Systems produces uncrewed aircraft and armored vehicles for the military market as well as aircraft simulators and training for the commercial and military markets. Textron Industrial houses the Kautex business, which manufactures plastic fuel tanks for conventional and hybrid motor vehicles, and other subsidiaries that produce specialized vehicles such as golf carts and all-terrain vehicles.
87GF Score

Get the complete analysis for TXT

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

$86.54
Price
$99.60
GF Value