Big River Industries (ASX:BRI) Piotroski F-Score: 5 (As of Jun. 25, 2026) — Near Median


ASX:BRI Big River Industries Ltd ASX:BRI
81 GF Score
Price A$1.35
GF Value A$1.49
Valuation Modestly Undervalued
! 10 Warning Signs
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What is Big River Industries Piotroski F-Score?

Big River Industries ASX:BRI -0.37% 81 Piotroski F-Score is 5 as of Jun. 25, 2026, which is at its 10-year median of 5.00. GuruFocus rates ASX:BRI with a GF Score™ of 81/100 and a GF Value™ of A$1.49 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 282 Forest Products companies, Big River Industries ranks better than 59.93% on this metric.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Big River Industries has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Big River Industries's Piotroski F-Score or its related term are showing as below:

ASX:BRI' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 6
Current: 5

During the past 9 years, the highest Piotroski F-Score of Big River Industries was 6. The lowest was 2. And the median was 5.

Big River Industries  (ASX:BRI) 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.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

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.


Big River Industries Piotroski F-Score Related Terms


Big River Industries Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Big River Industries'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.

Big River Industries Piotroski F-Score Chart

Big River Industries Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 6.00 6.00 5.00 4.00 5.00

Big River Industries Semi-Annual Data
Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 4.00 0.00 5.00 0.00

ASX:BRI vs SSD, UFPI, BCC: Piotroski F-Score Comparison

For the Lumber & Wood Production subindustry, Big River Industries'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.


Big River Industries Piotroski F-Score vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Big River Industries's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Big River Industries's Piotroski F-Score falls into.


ASX:BRI
81GF Score
Big River Industries Ltd ASX:BRI
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* 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.

This Year (Jun25) TTM:Last Year (Jun24) TTM:
Net Income was A$-14.8 Mil.
Cash Flow from Operations was A$23.3 Mil.
Revenue was A$405.1 Mil.
Gross Profit was A$105.4 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (272.63 + 245.808) / 2 = A$259.219 Mil.
Total Assets at the begining of this year (Jun24) was A$272.6 Mil.
Long-Term Debt & Capital Lease Obligation was A$64.5 Mil.
Total Current Assets was A$150.0 Mil.
Total Current Liabilities was A$76.6 Mil.
Net Income was A$8.0 Mil.

Revenue was A$414.7 Mil.
Gross Profit was A$107.5 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (275.597 + 272.63) / 2 = A$274.1135 Mil.
Total Assets at the begining of last year (Jun23) was A$275.6 Mil.
Long-Term Debt & Capital Lease Obligation was A$68.9 Mil.
Total Current Assets was A$150.9 Mil.
Total Current Liabilities was A$80.3 Mil.

*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.

Big River Industries's current Net Income (TTM) was -14.8. ==> 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.

Score 1 if positive, 0 if negative.

Big River Industries's current Cash Flow from Operations (TTM) was 23.3. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Jun24)
=-14.754/272.63
=-0.0541173

ROA (Last Year)=Net Income/Total Assets (Jun23)
=8.034/275.597
=0.02915126

Big River Industries's return on assets of this year was -0.0541173. Big River Industries's return on assets of last year was 0.02915126. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Big River Industries's current Net Income (TTM) was -14.8. Big River Industries's current Cash Flow from Operations (TTM) was 23.3. ==> 23.3 > -14.8 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=64.525/259.219
=0.2489208

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=68.885/274.1135
=0.25130101

Big River Industries's gearing of this year was 0.2489208. Big River Industries's gearing of last year was 0.25130101. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Jun25)=Total Current Assets/Total Current Liabilities
=150.029/76.573
=1.95929375

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=150.909/80.337
=1.87844953

Big River Industries's current ratio of this year was 1.95929375. Big River Industries's current ratio of last year was 1.87844953. ==> This year's current ratio is higher. ==> Score 1.

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.

Big River Industries's number of shares in issue this year was 85.705. Big River Industries's number of shares in issue last year was 85.163. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=105.379/405.093
=0.26013533

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=107.501/414.676
=0.25924095

Big River Industries's gross margin of this year was 0.26013533. Big River Industries's gross margin of last year was 0.25924095. ==> This year's gross margin is higher. ==> Score 1.

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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jun24)
=405.093/272.63
=1.48587096

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=414.676/275.597
=1.50464628

Big River Industries's asset turnover of this year was 1.48587096. Big River Industries's asset turnover of last year was 1.50464628. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+1+0+1+1+1+0+1+0
=5

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Big River Industries has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 5 mean?
Big River Industries (ASX:BRI) has a Piotroski F-Score of 5 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Big River Industries and its competitors. This is near median its historical median of 5.00. Over the past decade, Big River Industries' Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Big River Industries ranks #113 out of 282 companies in the Forest Products industry, placing it in the top 40.1%.
Is Big River Industries' Piotroski F-Score too high?
Big River Industries' current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 6.00. The Forest Products industry median Piotroski F-Score is 5.00. Big River Industries' value of 5 is 0% at this industry median. Based on the distribution chart, Big River Industries ranks #113 out of 282 companies in the Forest Products industry, which is above the industry midpoint. Overall, Big River Industries has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Big River Industries' Piotroski F-Score compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Big River Industries ranks #113 out of 282 companies for Piotroski F-Score. This puts Big River Industries in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Big River Industries' value of 5 is 0% at this benchmark. Historically, Big River Industries' own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Big River Industries has consistently been at 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 Forest Products company?
The median Piotroski F-Score among Forest Products companies is 5.00, based on 282 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. Big River Industries's current Piotroski F-Score of 5 is 0% at 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 Big River Industries and its competitors. For the Forest Products 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. Big River Industries's current Piotroski F-Score is 5, which is near median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Big River Industries stock overvalued right now?
Based on GuruFocus' analysis, Big River Industries (ASX:BRI) is currently considered Modestly Undervalued. The stock's GF Value™ is A$1.49, compared to a current price of A$1.35 — trading 9.7% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Forest Products industry median of 5.00. Big River Industries' overall GF Score™ is 81/100 with 10 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 Big River Industries (ASX:BRI), the current Piotroski F-Score is 5 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 Big River Industries (ASX:BRI) Overvalued in 2026?

Based on GuruFocus' analysis, Big River Industries stock appears to be undervalued. The current stock price of A$1.35 is trading 9.7% below its estimated GF Value™ of A$1.49. GuruFocus considers Big River Industries to be Modestly Undervalued.

Key valuation signals for ASX:BRI:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: A$1.49 vs. price of A$1.35 (9.7% below fair value)
  • GF Score™: 81/100 with 10 warning signs
  • Industry Position: 0% at the Forest Products median (#113 of 282)

No single metric tells the full story. See the ASX:BRI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Big River Industries Business Description

Other Exchanges BQ3:Germany
Address Trenayr Road, Junction Hill, NSW, AUS, 2460
Big River Industries Ltd is a manufacturer, distributor, and supplier of timber, builder's hardware, building supplies, and services for the residential, commercial, industrial, building, and construction industries. The company's segment includes Panels and Construction. It generates maximum revenue from the Construction segment. The Construction division comprises fifteen sites that sell building, commercial, and formwork products in Australia. The panel segment comprises three manufacturing and six distribution sites of timber panel products in Australia and New Zealand. Geographically, the company derives the majority of its revenue from Australia.
81GF Score

Get the complete analysis for ASX:BRI

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$1.35
Price
A$1.49
GF Value