Esterad Investment Co BSCBAH:ESTERAD 56 Piotroski F-Score is 8 as of Jun. 24, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates BAH:ESTERAD with a GF Score™ of 56/100 and a GF Value™ of BHD0.40 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,601 Asset Management companies, Esterad Investment Co BSC ranks better than 99.25% 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
Esterad Investment Co BSC 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 Esterad Investment Co BSC's Piotroski F-Score or its related term are showing as below:
BAH:ESTERAD'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 5 Max: 8
Current: 8
During the past 13 years, the highest Piotroski F-Score of Esterad Investment Co BSC was 8. The lowest was 1. And the median was 5.
Esterad Investment Co BSC (BAH:ESTERAD) 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.
Esterad Investment Co BSC Piotroski F-Score Related Terms
Esterad Investment Co BSC Piotroski F-Score Historical Data
* 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.
BAH:ESTERAD vs BLK, BX, KKR: Piotroski F-Score Comparison
For the Asset Management subindustry, Esterad Investment Co BSC'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.
Esterad Investment Co BSC Piotroski F-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Esterad Investment Co BSC's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Esterad Investment Co BSC'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.
Esterad Investment Co BSC's current Net Income (TTM) was 6.46.
==> 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.
Score 1 if positive, 0 if negative.
Esterad Investment Co BSC's current Cash Flow from Operations (TTM) was 19.65.
==> 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.
Esterad Investment Co BSC's return on assets of this year was 0.07373325. Esterad Investment Co BSC's return on assets of last year was 0.05066815.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Esterad Investment Co BSC's gearing of this year was 0.25747621. Esterad Investment Co BSC's gearing of last year was 0.26869097.
==> 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
Esterad Investment Co BSC's current ratio of this year was 5.35943687. Esterad Investment Co BSC's current ratio of last year was 1.72990354.
==> 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.
Esterad Investment Co BSC's number of shares in issue this year was 166.647. Esterad Investment Co BSC's number of shares in issue last year was 153.002.
==> 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.
Esterad Investment Co BSC's gross margin of this year was 0.5883224. Esterad Investment Co BSC's gross margin of last year was 0.4683908.
==> 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
Esterad Investment Co BSC's asset turnover of this year was 0.10793963. Esterad Investment Co BSC's asset turnover of last year was 0.04844098.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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8
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Esterad Investment Co BSC has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Esterad Investment Co BSC (BAH:ESTERAD) has a Piotroski F-Score of 8 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Esterad Investment Co BSC and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Esterad Investment Co BSC's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Esterad Investment Co BSC ranks #12 out of 1601 companies in the Asset Management industry, placing it in the top 0.7%.
Is Esterad Investment Co BSC's Piotroski F-Score too high?
Esterad Investment Co BSC's current Piotroski F-Score of 8 is 60% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Asset Management industry median Piotroski F-Score is 5.00. Esterad Investment Co BSC's value of 8 is 60% above this industry median. Based on the distribution chart, Esterad Investment Co BSC ranks #12 out of 1601 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Esterad Investment Co BSC has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Esterad Investment Co BSC's Piotroski F-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Esterad Investment Co BSC ranks #12 out of 1601 companies for Piotroski F-Score. This places Esterad Investment Co BSC in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Esterad Investment Co BSC's value of 8 is 60% above this benchmark. Historically, Esterad Investment Co BSC's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Esterad Investment Co BSC 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 an Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,601 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. Esterad Investment Co BSC's current Piotroski F-Score of 8 is 60% 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 Esterad Investment Co BSC and its competitors. For the Asset Management 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. Esterad Investment Co BSC's current Piotroski F-Score is 8, which is 60% above 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 Esterad Investment Co BSC stock overvalued right now?
Based on GuruFocus' analysis, Esterad Investment Co BSC (BAH:ESTERAD) is currently considered Possible Value Trap. The stock's GF Value™ is BHD0.40, compared to a current price of BHD0.20 — trading 50% below its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 60% above the Asset Management industry median of 5.00. Esterad Investment Co BSC's overall GF Score™ is 56/100 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 Esterad Investment Co BSC (BAH:ESTERAD), the current Piotroski F-Score is 8 as of Jun. 24, 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 Esterad Investment Co BSC (BAH:ESTERAD) Overvalued in 2026?
Based on GuruFocus' analysis, Esterad Investment Co BSC stock appears to be undervalued.
The current stock price of BHD0.20 is trading 50% below its estimated GF Value™ of BHD0.40.
GuruFocus considers Esterad Investment Co BSC to be Possible Value Trap.
Key valuation signals for BAH:ESTERAD:
Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
GF Value™: BHD0.40 vs. price of BHD0.20 (50% below fair value)
Industry Position: 60% above the Asset Management median (#12 of 1601)
No single metric tells the full story. See the BAH:ESTERAD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Esterad Investment Co BSC operates in the financial sector. The principal activity of the company is to invest in public and private equities, fixed income, real estate, and other asset classes in both local and international markets. It owns four key portfolio investment models including a strategic equity portfolio, fixed income portfolio, properties & income-producing assets, and a trading portfolio. The company generates the majority of its revenue from Investment income.
56GF Score
Get the complete analysis for BAH:ESTERAD
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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