BluglassASX:BLG -12.68%34 Piotroski F-Score is 2 as of Jun. 25, 2026, which is 50% below its 10-year median of 4.00. GuruFocus rates ASX:BLG with a GF Score™ of 34/100 and a GF Value™ of A$0.63 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 989 Semiconductors companies, Bluglass ranks worse than 92.72% on this metric.
Warning Sign:
Piotroski F-Score of 2 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Bluglass has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Bluglass's Piotroski F-Score or its related term are showing as below:
ASX:BLG'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 5
Current: 2
During the past 13 years, the highest Piotroski F-Score of Bluglass was 5. The lowest was 2. And the median was 4.
Bluglass (ASX:BLG) 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.
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.
Bluglass Piotroski F-Score Related Terms
Bluglass Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Bluglass'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.
ASX:BLG vs LRCX, AMAT, KLAC: Piotroski F-Score Comparison
For the Semiconductor Equipment & Materials subindustry, Bluglass'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.
Bluglass Piotroski F-Score vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Bluglass's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Bluglass's Piotroski F-Score falls into.
* 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.
*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.
Bluglass's current Net Income (TTM) was -10.98.
==> Negative ==> Score 0.
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.
Bluglass's return on assets of this year was -0.47441659. Bluglass's return on assets of last year was -0.46734271.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Bluglass's current ratio of this year was 1.95334848. Bluglass's current ratio of last year was 3.65664596.
==> Last year's current ratio is higher ==> Score 0.
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.
Bluglass's number of shares in issue this year was 93.548. Bluglass's number of shares in issue last year was 81.075.
==> There is larger number of shares in issue this year. ==> Score 0.
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.
Bluglass's gross margin of this year was 0.41918914. Bluglass's gross margin of last year was 0.55153746.
==> Last year's gross margin is higher ==> Score 0.
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
Bluglass's asset turnover of this year was 0.23556612. Bluglass's asset turnover of last year was 0.21286011.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Bluglass has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
Bluglass (ASX:BLG) has a Piotroski F-Score of 2 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Bluglass and its competitors. This is 50% below median its historical median of 4.00. Over the past decade, Bluglass' Piotroski F-Score has ranged from 2.00 to 5.00. According to the industry distribution chart, Bluglass ranks #917 out of 989 companies in the Semiconductors industry, placing it in the top 92.7%.
Is Bluglass' Piotroski F-Score too high?
Bluglass' current Piotroski F-Score of 2 is 50% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 5.00. The Semiconductors industry median Piotroski F-Score is 5.00. Bluglass' value of 2 is 60% below this industry median. Based on the distribution chart, Bluglass ranks #917 out of 989 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Bluglass has a GF Score™ of 34/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bluglass' Piotroski F-Score compare to LRCX and AMAT?
According to the Semiconductors industry distribution chart, Bluglass ranks #917 out of 989 companies for Piotroski F-Score. This places Bluglass in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Bluglass' value of 2 is 60% below this benchmark. Historically, Bluglass' own Piotroski F-Score has ranged from 2.00 to 5.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Bluglass has consistently been below 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 a Semiconductors company?
The median Piotroski F-Score among Semiconductors companies is 5.00, based on 989 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. Bluglass's current Piotroski F-Score of 2 is 60% below 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 Bluglass and its competitors. For the Semiconductors 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. Bluglass's current Piotroski F-Score is 2, which is 50% below median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bluglass stock overvalued right now?
Based on GuruFocus' analysis, Bluglass (ASX:BLG) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.63, compared to a current price of A$0.31 — trading 50.8% below its estimated fair value. The current Piotroski F-Score is 2, which is 50% below median its 10-year median of 4.00 and 60% below the Semiconductors industry median of 5.00. Bluglass' overall GF Score™ is 34/100 with 9 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 Bluglass (ASX:BLG), the current Piotroski F-Score is 2 as of Jun. 25, 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 Bluglass (ASX:BLG) Overvalued in 2026?
Based on GuruFocus' analysis, Bluglass stock appears to be undervalued.
The current stock price of A$0.31 is trading 50.8% below its estimated GF Value™ of A$0.63.
GuruFocus considers Bluglass to be Possible Value Trap.
Key valuation signals for ASX:BLG:
Piotroski F-Score: 2 (50% below median its 10-year median of 4.00)
GF Value™: A$0.63 vs. price of A$0.31 (50.8% below fair value)
Industry Position: 60% below the Semiconductors median (#917 of 989)
No single metric tells the full story. See the ASX:BLG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bluglass Ltd is an Australia-based semiconductor company. It is engaged in research and product development of compound-semiconductor materials, processes, and equipment to manufacture high-value electronics such as laser diodes, LEDs, and micro LEDs. It is working on achieving its technology and commercial milestones using its patented low-temperature Remote Plasma Chemical Vapour Deposition (RPCVD) technology to manufacture semiconductor materials and produce laser diode, LED, and microLED devices. The company operates in two geographical areas being in Australia and the United States. It derives a majority of revenue from Australia.
34GF Score
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