Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.
25/100RyuScore 25 out of 100, Weak
25
Weak. Cleveland-Cliffs Inc. scores higher than 20% of the 1,794 companies Ryufin scores.
Carried by cycle position and earnings quality, held back by valuation and return on new capital.
Basic Materials median 59 · all companies 57
How the score has moved
At each fiscal year end, from the reports and price of the time
26
79
84
67
30
25
25
202020212022202320242025today
The biggest move was up 53 points from 2020 to 2021, mostly valuation.
Valuation
26% of the score
0median 56
An operating loss over the last year: there are no earnings to price.
Return on capital
18% of the score
11median 34
Over 7 years the business earned 3.5% a year after tax on the capital it uses.
2%
8%
15%
25%
3.5%
None at 2% or less, full points from 25%full points
Return on capital by year
7 years agolatest -9.2%
Return on new capital
16% of the score
0median 49
Over 6 years yearly profit fell by 95 cents for every dollar earned. New capital earned -107%, and 89% of profit went back into the business.
-5%
12%
-95%
None at minus 5 cents, full points from 12 centsfull points
Capital allocation
14% of the score
40median 64
How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.
Share countUp 6% a year over 5 years: new shares
0
5%
-3%
6%
0 pointsfull points
Assets against salesAssets grew 3.6% a year, sales 28%
100
12%
-2%
-25%
0 pointsfull points
Cycle position
12% of the score
100median 62
Today's operating margin of -4.2% is -0.59x its normal 7.1%: near a trough. Normal is half the 10 year median, half the last four years, so a margin that has held is not taken for a peak.
2x
1.5x
1x
0.7x
-0.6x
A trough earns points, a peak costs themfull points
Operating margin by year, against its normal level
10 years agonow -4.2%
Balance sheet
8% of the score
0median 50
What the debt weighs against the profit that has to carry it.
Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.
AccrualsCash ran ahead of profit by 5% of assets
85
8%
0%
-8%
-5%
0 pointsfull points
How the RyuScore works
Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.
Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2026-06-30, latest annual report FY2025.