Bank of AmericaBAC.WS.A 77 Piotroski F-Score is 8 as of Jun. 25, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates BAC.WS.A with a GF Score™ of 77/100. The stock has 7 warning signs investors should review. Among 1,497 Banks companies, Bank of America ranks better than 92.72% on this metric.
Good Sign:
Piotroski F-Score is 8, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Bank of America has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Bank of America's Piotroski F-Score or its related term are showing as below:
BAC.WS.A'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 8
Current: 8
During the past 13 years, the highest Piotroski F-Score of Bank of America was 8. The lowest was 3. And the median was 6.
Bank of America (NYSE:BAC.WS.A) 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.
Bank of America Piotroski F-Score Related Terms
Bank of America Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Bank of America'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.
BAC.WS.A vs WFC, C, BNY: Piotroski F-Score Comparison
For the Banks - Diversified subindustry, Bank of America'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.
Bank of America Piotroski F-Score vs Banks Industry
For the Banks industry and Financial Services sector, Bank of America's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Bank of America'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.
This Year (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 7116 + 8469 + 7528 + 8584 = $31,697.00 Mil. Cash Flow from Operations was -9132 + 46874 + -22945 + 41770 = $56,567.00 Mil. Revenue was 26463 + 28088 + 31180 + 30272 = $116,003.00 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(3349424 + 3441142 + 3403716 + 3411738 + 3496186) / 5 = $3420441.2 Mil. Total Assets at the begining of this year (Mar25) was $3,349,424.00 Mil. Long-Term Debt & Capital Lease Obligation was $300,757.00 Mil. Total Assets was $3,496,186.00 Mil. Total Liabilities was $3,195,518.00 Mil.
Net Income was 6897 + 6896 + 6506 + 7360 = $27,659.00 Mil.
Revenue was 25377 + 25345 + 29316 + 28247 = $108,285.00 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(3273803 + 3257996 + 3324293 + 3261299 + 3349424) / 5 = $3293363 Mil. Total Assets at the begining of last year (Mar24) was $3,273,803.00 Mil. Long-Term Debt & Capital Lease Obligation was $304,146.00 Mil. Total Assets was $3,349,424.00 Mil. Total Liabilities was $3,053,843.00 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.
Bank of America's current Net Income (TTM) was 31,697.00.
==> Positive ==> Score 1.
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.
Bank of America's return on assets of this year was 0.00946342. Bank of America's return on assets of last year was 0.00844858.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Bank of America's gearing of this year was 0.0879293. Bank of America's gearing of last year was 0.09235119.
==> 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
* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.
Bank of America's current ratio of this year was 1.09409054. Bank of America's current ratio of last year was 1.09678985.
==> 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.
Bank of America's number of shares in issue this year was 0. Bank of America's number of shares in issue last year was 0.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
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.
* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.
Bank of America's net margin of this year was 0.27324293. Bank of America's net margin of last year was 0.25542781.
==> This year's net 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
Bank of America's asset turnover of this year was 0.03463372. Bank of America's asset turnover of last year was 0.03307621.
==> 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
Bank of America has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Bank of America (BAC.WS.A) has a Piotroski F-Score of 8 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Bank of America and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Bank of America's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Bank of America ranks #109 out of 1497 companies in the Banks industry, placing it in the top 7.3%.
Is Bank of America's Piotroski F-Score too high?
Bank of America's current Piotroski F-Score of 8 is 33% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Banks industry median Piotroski F-Score is 6.00. Bank of America's value of 8 is 33.3% above this industry median. Based on the distribution chart, Bank of America ranks #109 out of 1497 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Bank of America has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Bank of America's Piotroski F-Score compare to WFC and C?
According to the Banks industry distribution chart, Bank of America ranks #109 out of 1497 companies for Piotroski F-Score. This places Bank of America in the top 7% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Bank of America's value of 8 is 33.3% above this benchmark. Historically, Bank of America's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Bank of America has consistently been above 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 Banks company?
The median Piotroski F-Score among Banks companies is 6.00, based on 1,497 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. Bank of America's current Piotroski F-Score of 8 is 33.3% above 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 Bank of America and its competitors. For the Banks industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bank of America's current Piotroski F-Score is 8, which is 33% above median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank of America stock overvalued right now?
Bank of America (BAC.WS.A) has a current Piotroski F-Score of 8. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 33.3% above the Banks industry median of 6.00. Bank of America's overall GF Score™ is 77/100 with 7 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 Bank of America (BAC.WS.A), the current Piotroski F-Score is 8 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.
Bank of America is a formidable financial titan with a $3.5 trillion balance sheet and a cornerstone of the American economy, holding the second-largest deposit market share in the United States. While the firm has maintained its stronghold among middle-market and retail clientele domestically, Bank of America has continued to hold its own on the global stage, as evidenced by its fourth-largest global trading operation and an investment banking division that regularly finishes in the top four in global league tables. The firm is organized across four segments: consumer banking, global wealth and investment management, global banking, and global markets.
77GF Score
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