BBKCD (Surge Digital) Piotroski F-Score: 5 (As of Aug. 27, 2026) — 25% Above Median

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BBKCD Surge Digital Inc BBKCD
46 GF Score
Price $0.41
GF Value $1.06
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Surge Digital Piotroski F-Score?

Surge Digital BBKCD 46 Piotroski F-Score is 5 as of Aug. 27, 2026, which is 25% above its 10-year median of 4.00. GuruFocus rates BBKCD with a GF Score™ of 46/100 and a GF Value™ of $1.06 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 786 Capital Markets companies, Surge Digital ranks better than 64.63% 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

Surge Digital 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 Surge Digital's Piotroski F-Score or its related term are showing as below:

BBKCD' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 6
Current: 5

During the past 11 years, the highest Piotroski F-Score of Surge Digital was 6. The lowest was 1. And the median was 4.

Surge Digital  (OTCPK:BBKCD) 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.


Surge Digital Piotroski F-Score Related Terms


Surge Digital Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Surge Digital'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.

Surge Digital Piotroski F-Score Chart

Surge Digital Annual Data
Trend Sep16 Sep17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 2.00 4.00 3.00 5.00

Surge Digital Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 Premium Member Only Premium Member Only 3.00 N/A 4.00 5.00 5.00

BBKCD vs MS, GS, SCHW: Piotroski F-Score Comparison

For the Capital Markets subindustry, Surge Digital'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.


Surge Digital Piotroski F-Score vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Surge Digital's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Surge Digital's Piotroski F-Score falls into.


BBKCD
46GF Score
Surge Digital Inc BBKCD
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was -0.086 + 1.024 + 0.755 + -2.574 = $-0.88 Mil.
Cash Flow from Operations was -4.303 + -0.034 + -3.923 + -0.829 = $-9.09 Mil.
Revenue was 1.947 + 2.377 + 2.047 + 1.464 = $7.84 Mil.
Gross Profit was 1.917 + 2.337 + 2.013 + 1.429 = $7.70 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(137.34 + 156.463 + 194.915 + 135.718 + 103.004) / 5 = $145.488 Mil.
Total Assets at the begining of this year (Mar25) was $137.34 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $101.30 Mil.
Total Current Liabilities was $94.35 Mil.
Net Income was -3.659 + -8.93 + -8.004 + -2.517 = $-23.11 Mil.

Revenue was 1.748 + 1.57 + 2.95 + 2.848 = $9.12 Mil.
Gross Profit was 1.713 + 1.527 + 2.764 + 2.736 = $8.74 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(135.501 + 114.338 + 108.682 + 162.608 + 137.34) / 5 = $131.6938 Mil.
Total Assets at the begining of last year (Mar24) was $135.50 Mil.
Long-Term Debt & Capital Lease Obligation was $0.02 Mil.
Total Current Assets was $133.04 Mil.
Total Current Liabilities was $128.24 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.

Surge Digital's current Net Income (TTM) was -0.88. ==> 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.

Surge Digital's current Cash Flow from Operations (TTM) was -9.09. ==> Negative ==> Score 0.

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 (Mar25)
=-0.881/137.34
=-0.00641474

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-23.11/135.501
=-0.17055225

Surge Digital's return on assets of this year was -0.00641474. Surge Digital's return on assets of last year was -0.17055225. ==> This year is higher. ==> Score 1.

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.

Surge Digital's current Net Income (TTM) was -0.88. Surge Digital's current Cash Flow from Operations (TTM) was -9.09. ==> -9.09 <= -0.88 ==> CFROA <= ROA ==> Score 0.

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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=0/145.488
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0.015/131.6938
=0.0001139

Surge Digital's gearing of this year was 0. Surge Digital's gearing of last year was 0.0001139. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=101.297/94.345
=1.073687

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=133.036/128.237
=1.0374229

Surge Digital's current ratio of this year was 1.073687. Surge Digital's current ratio of last year was 1.0374229. ==> 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.

Surge Digital's number of shares in issue this year was 50.826. Surge Digital's number of shares in issue last year was 50.826. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=7.696/7.835
=0.98225909

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=8.74/9.116
=0.95875384

Surge Digital's gross margin of this year was 0.98225909. Surge Digital's gross margin of last year was 0.95875384. ==> 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 (Mar25)
=7.835/137.34
=0.0570482

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=9.116/135.501
=0.06727626

Surge Digital's asset turnover of this year was 0.0570482. Surge Digital's asset turnover of last year was 0.06727626. ==> 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+0+1+0+1+1+1+1+0
=5

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

Surge Digital 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?
Surge Digital (BBKCD) has a Piotroski F-Score of 5 as of Aug. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Surge Digital and its competitors. This is 25% above median its historical median of 4.00. Over the past decade, Surge Digital's Piotroski F-Score has ranged from 1.00 to 6.00. According to the industry distribution chart, Surge Digital ranks #278 out of 786 companies in the Capital Markets industry, placing it in the top 35.4%.
Is Surge Digital's Piotroski F-Score too high?
Surge Digital's current Piotroski F-Score of 5 is 25% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 6.00. The Capital Markets industry median Piotroski F-Score is 5.00. Surge Digital's value of 5 is 0% at this industry median. Based on the distribution chart, Surge Digital ranks #278 out of 786 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Surge Digital has a GF Score™ of 46/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Surge Digital's Piotroski F-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, Surge Digital ranks #278 out of 786 companies for Piotroski F-Score. This puts Surge Digital in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Surge Digital's value of 5 is 0% at this benchmark. Historically, Surge Digital's own Piotroski F-Score has ranged from 1.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Surge Digital 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 Capital Markets company?
The median Piotroski F-Score among Capital Markets companies is 5.00, based on 786 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. Surge Digital'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 Surge Digital and its competitors. For the Capital Markets 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. Surge Digital's current Piotroski F-Score is 5, which is 25% above 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 Surge Digital stock overvalued right now?
Based on GuruFocus' analysis, Surge Digital (BBKCD) is currently considered Possible Value Trap. The stock's GF Value™ is $1.06, compared to a current price of $0.41 — trading 61.5% below its estimated fair value. The current Piotroski F-Score is 5, which is 25% above median its 10-year median of 4.00 and 0% at the Capital Markets industry median of 5.00. Surge Digital's overall GF Score™ is 46/100 with 5 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 Surge Digital (BBKCD), the current Piotroski F-Score is 5 as of Aug. 27, 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 Surge Digital (BBKCD) Overvalued in 2026?

Based on GuruFocus' analysis, Surge Digital stock appears to be undervalued. The current stock price of $0.41 is trading 61.5% below its estimated GF Value™ of $1.06. GuruFocus considers Surge Digital to be Possible Value Trap.

Key valuation signals for BBKCD:

  • Piotroski F-Score: 5 (25% above median its 10-year median of 4.00)
  • GF Value™: $1.06 vs. price of $0.41 (61.5% below fair value)
  • GF Score™: 46/100 with 5 warning signs
  • Industry Position: 0% at the Capital Markets median (#278 of 786)

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


Surge Digital Business Description

Other Exchanges 7111:GermanyBIGG:Canada
Address 1130 West Pender Street, Suite 220, Vancouver, BC, CAN, V6E 4A4
BIGG Digital Assets Inc is engaged in investing in products and companies within the cryptocurrency industry. The company has three operating divisions, which provide blockchain search products to large enterprises with data requirements in the financial and e-commerce sectors globally, and brokerage and exchange software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor with a focus on compliance and safety, and immersive metaverse experiences. The company operates three business segments: Netcoins, Blockchain Intelligence Group, and TerraZero.
46GF Score

Get the complete analysis for BBKCD

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

$0.41
Price
$1.06
GF Value