Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.
20/100RyuScore 20 out of 100, Weak
20
Today's price. Only valuation depends on it.
-50%-40%-30%-20%-10%today+10%+20%+30%
Weak. Canadian Solar Inc. scores higher than 19% of the 1,794 companies Ryufin scores.
Carried by cycle position, held back by valuation and return on capital.
Technology median 43 · all companies 50
Valuation
26% of the score
0median 13
Canadian Solar Inc. is valued at 187.8x its operating profit, including debt: past the 25 times where this criterion gives nothing.
25x
20x
15x
10x
6x
187.8x
Full points at 6x or less, none from 25xfull points
Return on capital
18% of the score
8median 34
Over 7 years the business earned 3.1% a year after tax on the capital it uses.
2%
8%
15%
25%
3.1%
None at 2% or less, full points from 25%full points
Return on capital by year
7 years agolatest 0.3%
Return on new capital
16% of the score
0median 49
Over 6 years yearly profit fell by 22 cents for every dollar earned. New capital earned -2.8%, and 794% of profit went back into the business.
-5%
12%
-22%
None at minus 5 cents, full points from 12 centsfull points
Capital allocation
14% of the score
36median 64
How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.
Share countUp 1.6% a year over 5 years: new shares
43
5%
-3%
1.6%
0 pointsfull points
Assets against salesAssets grew 18% a year, sales 10%
26
12%
-2%
8.4%
0 pointsfull points
Cycle position
12% of the score
100median 62
Today's operating margin of 0.8% is 0.16x its normal 4.8%: 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
0.2x
A trough earns points, a peak costs themfull points
Operating margin by year, against its normal level
10 years agonow 0.8%
Balance sheet
8% of the score
0median 50
What the debt weighs against the profit that has to carry it.
Net debt to EBITDA11.8x a year of EBITDA
0
4.5x
0.5x
11.8x
0 pointsfull points
Interest coverOperating profit covers interest 0x
0
1.5x
12x
0.2x
0 pointsfull points
Earnings quality
6% of the score
28median 90
Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.
Cash against profitOperating cash flow was -4.45x profit over 3 years
0
0.7x
1x
1.3x
-4.4x
0 pointsfull points
AccrualsProfit ran ahead of cash by 0.5% of assets
56
8%
0%
-8%
0.5%
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 2025-12-31, latest annual report FY2025.