VSECVSE Corporation

$174.64+4.5% 1Y

RyuScore

Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.

RyuScore 31 out of 100, Below average
Today's price. Only valuation depends on it.

Below average. VSE Corporation scores higher than 26% of the 1,794 companies Ryufin scores.

Carried by return on new capital, held back by valuation and return on capital.

Industrials median 53 · all companies 50

Valuation

26% of the score

0median 13

VSE Corporation is valued at 44.4x its operating profit before acquisition amortisation (EBITA), including debt: past the 25 times where this criterion gives nothing.

25x
20x
15x
10x
6x
44.4x
Full points at 6x or less, none from 25xfull points

Return on capital

18% of the score

14median 34

Over 7 years the business earned 3.8% a year after tax on the capital it uses.

2%
8%
15%
25%
3.8%
None at 2% or less, full points from 25%full points
Return on capital by year
7 years agolatest 4.4%

Return on new capital

16% of the score

100median 49

For every dollar of operating profit earned over 6 years, yearly profit grew by 29 cents. New capital earned 6.3%, and 456% of profit went back into the business.

-5%
12%
29%
None at minus 5 cents, full points from 12 centsfull points

Capital allocation

14% of the score

5median 64

How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.

Share countUp 14% a year over 5 years: new shares
0
5%
-3%
14%
0 pointsfull points
Assets against salesAssets grew 21% a year, sales 11%
14
12%
-2%
10%
0 pointsfull points

Cycle position

12% of the score

50median 62

Today's operating margin of 9.2% is 1.19x its normal 7.7%: above its usual level. 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
1.2x
A trough earns points, a peak costs themfull points
Operating margin by year, against its normal level
10 years agonow 9.2%

Balance sheet

8% of the score

50median 50

What the debt weighs against the profit that has to carry it.

Net debt to EBITDA5.1x a year of EBITDA
0
4.5x
0.5x
5.1x
0 pointsfull points
Interest coverOperating profit covers interest 12x
100
1.5x
12x
12.4x
0 pointsfull points

Earnings quality

6% of the score

32median 90

Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.

Cash against profitOperating cash flow was -0.39x profit over 3 years
0
0.7x
1x
1.3x
-0.4x
0 pointsfull points
AccrualsCash ran ahead of profit by 0.8% of assets
64
8%
0%
-8%
-0.8%
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.