Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.
74/100RyuScore 74 out of 100, Above average
74
Above average. Baytex Energy Corp. scores higher than 85% of the 2,231 companies Ryufin scores.
Carried by valuation and return on capital, held back by capital allocation.
Energy median 61 · all companies 55
Valuation
26% of the score
100median 53
Baytex Energy Corp. is valued at 3.7x its operating profit, including debt: cheap enough for full points.
60x
50x
35x
25x
18x
12x
8x
3.7x
Full points at 8x or less, none from 60xfull points
Return on capital
18% of the score
93median 24
Over 7 years the business earned 22% a year after tax on the capital it uses.
2%
8%
15%
25%
22%
None at 2% or less, full points from 25%full points
Return on capital by year
7 years agolatest 20%
Return on new capital
16% of the score
48median 33
For every dollar of operating profit earned over 6 years, yearly profit grew by 3 cents. New capital earned 27%, and 12% of profit went back into the business.
-5%
12%
3.1%
None at minus 5 cents, full points from 12 centsfull points
Capital allocation
14% of the score
40median 63
How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.
Share countUp 6.5% a year over 5 years: new shares
0
5%
-3%
6.5%
0 pointsfull points
Assets against salesAssets grew -0.4% a year, sales 13%
100
12%
-2%
-13%
0 pointsfull points
Cycle position
12% of the score
65median 63
Today's operating margin of 77% is 1.00x its normal 77%: close to 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
1x
A trough earns points, a peak costs themfull points
Operating margin by year, against its normal level
10 years agonow 77%
Balance sheet
8% of the score
53median 50
What the debt weighs against the profit that has to carry it.
Interest coverOperating profit covers interest 7x
53
1.5x
12x
7.1x
0 pointsfull points
Earnings quality
6% of the score
100median 90
Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.
AccrualsCash ran ahead of profit by 37.6% of assets
100
8%
0%
-8%
-38%
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.