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Blue Dolphin Energy CoBDCO -1.69%44 Piotroski F-Score is 7 as of Jul. 14, 2026, which is 75% above its 10-year median of 4.00. GuruFocus rates BDCO with a GF Score™ of 44/100 and a GF Value™ of $2.34 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 971 Oil & Gas companies, Blue Dolphin Energy Co ranks better than 92.58% 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
Blue Dolphin Energy Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Blue Dolphin Energy Co's Piotroski F-Score or its related term are showing as below:
BDCO'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 4 Max: 7
Current: 7
During the past 13 years, the highest Piotroski F-Score of Blue Dolphin Energy Co was 7. The lowest was 1. And the median was 4.
Blue Dolphin Energy Co (OTCPK:BDCO) 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.
Blue Dolphin Energy Co Piotroski F-Score Related Terms
Blue Dolphin Energy Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Blue Dolphin Energy Co'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.
BDCO vs HEOL, DLXY, VLO: Piotroski F-Score Comparison
For the Oil & Gas Refining & Marketing subindustry, Blue Dolphin Energy Co'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.
Blue Dolphin Energy Co Piotroski F-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Blue Dolphin Energy Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Blue Dolphin Energy Co'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.
Blue Dolphin Energy Co's current Net Income (TTM) was 6.9.
==> 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.
Blue Dolphin Energy Co's return on assets of this year was 0.06520874. Blue Dolphin Energy Co's return on assets of last year was -0.11998083.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Blue Dolphin Energy Co's gearing of this year was 0.02226897. Blue Dolphin Energy Co's gearing of last year was 0.05132622.
==> 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
Blue Dolphin Energy Co's current ratio of this year was 0.9133302. Blue Dolphin Energy Co's current ratio of last year was 0.77620161.
==> 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.
Blue Dolphin Energy Co's number of shares in issue this year was 14.922. Blue Dolphin Energy Co's number of shares in issue last year was 14.922.
==> 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.
Blue Dolphin Energy Co's gross margin of this year was 0.08254835. Blue Dolphin Energy Co's gross margin of last year was -0.00473582.
==> 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
Blue Dolphin Energy Co's asset turnover of this year was 2.62523678. Blue Dolphin Energy Co's asset turnover of last year was 2.85930644.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Blue Dolphin Energy Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Blue Dolphin Energy Co (BDCO) has a Piotroski F-Score of 7 as of Jul. 14, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Blue Dolphin Energy Co and its competitors. This is 75% above median its historical median of 4.00. Over the past decade, Blue Dolphin Energy Co's Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, Blue Dolphin Energy Co ranks #72 out of 971 companies in the Oil & Gas industry, placing it in the top 7.4%.
Is Blue Dolphin Energy Co's Piotroski F-Score too high?
Blue Dolphin Energy Co's current Piotroski F-Score of 7 is 75% 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 7.00. The Oil & Gas industry median Piotroski F-Score is 5.00. Blue Dolphin Energy Co's value of 7 is 40% above this industry median. Based on the distribution chart, Blue Dolphin Energy Co ranks #72 out of 971 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Blue Dolphin Energy Co has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Blue Dolphin Energy Co's Piotroski F-Score compare to HEOL and DLXY?
According to the Oil & Gas industry distribution chart, Blue Dolphin Energy Co ranks #72 out of 971 companies for Piotroski F-Score. This places Blue Dolphin Energy Co in the top 7% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Blue Dolphin Energy Co's value of 7 is 40% above this benchmark. Historically, Blue Dolphin Energy Co's own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Blue Dolphin Energy Co 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 Oil & Gas company?
The median Piotroski F-Score among Oil & Gas companies is 5.00, based on 971 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. Blue Dolphin Energy Co'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 Blue Dolphin Energy Co and its competitors. For the Oil & Gas 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. Blue Dolphin Energy Co's current Piotroski F-Score is 7, which is 75% 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 Blue Dolphin Energy Co stock overvalued right now?
Based on GuruFocus' analysis, Blue Dolphin Energy Co (BDCO) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.34, compared to a current price of $3.83 — trading 63.8% above its estimated fair value. The current Piotroski F-Score is 7, which is 75% above median its 10-year median of 4.00 and 40% above the Oil & Gas industry median of 5.00. Blue Dolphin Energy Co's overall GF Score™ is 44/100 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 Blue Dolphin Energy Co (BDCO), the current Piotroski F-Score is 7 as of Jul. 14, 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 Blue Dolphin Energy Co (BDCO) Overvalued in 2026?
Based on GuruFocus' analysis, Blue Dolphin Energy Co stock appears to be overvalued.
The current stock price of $3.83 is trading 63.8% above its estimated GF Value™ of $2.34.
GuruFocus considers Blue Dolphin Energy Co to be Significantly Overvalued.
Key valuation signals for BDCO:
Piotroski F-Score: 7 (75% above median its 10-year median of 4.00)
GF Value™: $2.34 vs. price of $3.83 (63.8% above fair value)
Industry Position: 40% above the Oil & Gas median (#72 of 971)
No single metric tells the full story. See the BDCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Blue Dolphin Energy Co is an independent downstream energy company operating in the Gulf Coast region of the U.S. Operations consist of a light sweet-crude, bpd crude distillation tower, and petroleum storage tank capacity in Nixon, Texas. It operates in two segments Refinery operations, which derives revenue from refined product sales, and Tolling and Terminaling, which derives revenue from storage tank rental fees, ancillary services fees (such as for in-tank blending) and tolling and reservation fees for use of the naphtha stabilizer at the Nixon refinery. Majority of the revenue is derived form Refinery operations segment.
44GF Score
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