Barco NVBCNAY 78 Piotroski F-Score is 7 as of Jun. 26, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates BCNAY with a GF Score™ of 78/100 and a GF Value™ of $10.38. Among 2,426 Hardware companies, Barco NV ranks better than 91.14% on this metric.
Good Sign:
Piotroski F-Score is 7, 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
Barco NV 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 Barco NV's Piotroski F-Score or its related term are showing as below:
BCNAY'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 8
Current: 7
During the past 13 years, the highest Piotroski F-Score of Barco NV was 8. The lowest was 3. And the median was 6.
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.
Barco NV Piotroski F-Score Related Terms
Barco NV Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Barco NV'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.
BCNAY vs APH, GLW, TEL: Piotroski F-Score Comparison
For the Electronic Components subindustry, Barco NV'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.
Barco NV Piotroski F-Score vs Hardware Industry
For the Hardware industry and Technology sector, Barco NV's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Barco NV'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.
Barco NV's current Net Income (TTM) was 84.
==> 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.
Barco NV's return on assets of this year was 0.06511932. Barco NV's return on assets of last year was 0.05214034.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Barco NV's gearing of this year was 0.03455819. Barco NV's gearing of last year was 0.03682699.
==> 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
Barco NV's current ratio of this year was 2.5984492. Barco NV's current ratio of last year was 2.59568366.
==> 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.
Barco NV's number of shares in issue this year was 169.168. Barco NV's number of shares in issue last year was 178.851.
==> 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.
Barco NV's gross margin of this year was 0.40052772. Barco NV's gross margin of last year was 0.40718063.
==> 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
Barco NV's asset turnover of this year was 0.87710227. Barco NV's asset turnover of last year was 0.78395105.
==> 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
Barco NV has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Barco NV (BCNAY) has a Piotroski F-Score of 7 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Barco NV and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Barco NV's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Barco NV ranks #215 out of 2426 companies in the Hardware industry, placing it in the top 8.9%.
Is Barco NV's Piotroski F-Score too high?
Barco NV's current Piotroski F-Score of 7 is 17% 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 Hardware industry median Piotroski F-Score is 5.00. Barco NV's value of 7 is 40% above this industry median. Based on the distribution chart, Barco NV ranks #215 out of 2426 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Barco NV has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Barco NV's Piotroski F-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Barco NV ranks #215 out of 2426 companies for Piotroski F-Score. This places Barco NV in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Barco NV's value of 7 is 40% above this benchmark. Historically, Barco NV'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 5.00, Barco NV 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,426 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. Barco NV's current Piotroski F-Score of 7 is 40% 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 Barco NV and its competitors. For the Hardware 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. Barco NV's current Piotroski F-Score is 7, which is 17% 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 Barco NV stock overvalued right now?
Barco NV (BCNAY) has a current Piotroski F-Score of 7. The stock's GF Value™ is $10.38, compared to a current price of $6.45 — trading 37.9% below its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Hardware industry median of 5.00. Barco NV's overall GF Score™ is 78/100. 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 Barco NV (BCNAY), the current Piotroski F-Score is 7 as of Jun. 26, 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 Barco NV (BCNAY) Overvalued in 2026?
Based on GuruFocus' analysis, Barco NV stock appears to be undervalued.
The current stock price of $6.45 is trading 37.9% below its estimated GF Value™ of $10.38.
Key valuation signals for BCNAY:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: $10.38 vs. price of $6.45 (37.9% below fair value)
Industry Position: 40% above the Hardware median (#215 of 2426)
No single metric tells the full story. See the BCNAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Barco NV is an electronics company with three business segments: Entertainment, Enterprise, and Healthcare. The Entertainment business segment, which generates maximum revenue, comprises two business units; Cinema which offers the industry's complete range of laser and lamp-based cinema projectors, including image processing and audio solutions; and the Immersive Experience business unit, which offers solutions tailored to the specific needs of large venues, live events, themed entertainment (museums, theme parks, digital immersive art installations, projection mapping, etc.) and simulation applications: projection, image processing, and related services. Geographically, the group generates maximum revenue from the Americas, followed by EMEA and the Asia-Pacific regions.
78GF Score
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