Piotroski F-Score of 2 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Big 5 Sporting Goods has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Big 5 Sporting Goods's Piotroski F-Score or its related term are showing as below:
BGFV'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 5 Max: 8
Current: 2
During the past 13 years, the highest Piotroski F-Score of Big 5 Sporting Goods was 8. The lowest was 1. And the median was 5.
Big 5 Sporting Goods (NAS:BGFV) 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.
Big 5 Sporting Goods Piotroski F-Score Related Terms
Big 5 Sporting Goods Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Big 5 Sporting Goods'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.
BGFV vs JBDI, TLF, RECT: Piotroski F-Score Comparison
For the Specialty Retail subindustry, Big 5 Sporting Goods'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.
Big 5 Sporting Goods Piotroski F-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Big 5 Sporting Goods's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Big 5 Sporting Goods'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.
Big 5 Sporting Goods's current Net Income (TTM) was -92.6.
==> 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.
Big 5 Sporting Goods's return on assets of this year was -0.13829762. Big 5 Sporting Goods's return on assets of last year was -0.03583608.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Big 5 Sporting Goods's gearing of this year was 0.44367695. Big 5 Sporting Goods's gearing of last year was 0.32493093.
==> Last year is lower than this year ==> Score 0.
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
Big 5 Sporting Goods's current ratio of this year was 1.54671504. Big 5 Sporting Goods's current ratio of last year was 1.44255055.
==> 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.
Big 5 Sporting Goods's number of shares in issue this year was 22.157. Big 5 Sporting Goods's number of shares in issue last year was 21.956.
==> 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.
Big 5 Sporting Goods's gross margin of this year was 0.29087601. Big 5 Sporting Goods's gross margin of last year was 0.31093684.
==> 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
Big 5 Sporting Goods's asset turnover of this year was 1.13951967. Big 5 Sporting Goods's asset turnover of last year was 1.17567104.
==> 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
Big 5 Sporting Goods has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
Big 5 Sporting Goods (BGFV) has a Piotroski F-Score of 2 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Big 5 Sporting Goods and its competitors. This is 60% below median its historical median of 5.00. Over the past decade, Big 5 Sporting Goods' Piotroski F-Score has ranged from 1.00 to 8.00.
Is Big 5 Sporting Goods' Piotroski F-Score too high?
Big 5 Sporting Goods' current Piotroski F-Score of 2 is 60% below 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 Retail - Cyclical industry median Piotroski F-Score is 5.00. Big 5 Sporting Goods' value of 2 is 60% below this industry median. Overall, Big 5 Sporting Goods has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Big 5 Sporting Goods' Piotroski F-Score compare to JBDI and TLF?
Big 5 Sporting Goods' Piotroski F-Score of 2 can be compared against companies in the Retail - Cyclical industry. The industry median Piotroski F-Score is 5.00. Big 5 Sporting Goods' value of 2 is 60% below this benchmark. Historically, Big 5 Sporting Goods' 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, Big 5 Sporting Goods has consistently been below 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 Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 5.00, based on 1,101 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. Big 5 Sporting Goods's current Piotroski F-Score of 2 is 60% below 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 Big 5 Sporting Goods and its competitors. For the Retail - Cyclical 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. Big 5 Sporting Goods's current Piotroski F-Score is 2, which is 60% below 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 Big 5 Sporting Goods stock overvalued right now?
Big 5 Sporting Goods (BGFV) has a current Piotroski F-Score of 2. The stock's GF Value™ is $3.96, compared to a current price of $1.44 — trading 63.6% below its estimated fair value. The current Piotroski F-Score is 2, which is 60% below median its 10-year median of 5.00 and 60% below the Retail - Cyclical industry median of 5.00. Big 5 Sporting Goods' overall GF Score™ is 16/100 with 9 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 Big 5 Sporting Goods (BGFV), the current Piotroski F-Score is 2 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.
Is Big 5 Sporting Goods (BGFV) Overvalued in 2026?
Based on GuruFocus' analysis, Big 5 Sporting Goods stock appears to be undervalued.
The current stock price of $1.44 is trading 63.6% below its estimated GF Value™ of $3.96.
Key valuation signals for BGFV:
Piotroski F-Score: 2 (60% below median its 10-year median of 5.00)
GF Value™: $3.96 vs. price of $1.44 (63.6% below fair value)
Industry Position: 60% below the Retail - Cyclical median
No single metric tells the full story. See the BGFV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Big 5 Sporting Goods Corp is a specialty retailer company that is principally engaged in the sale of sporting goods in the Western United States. Its product mix includes athletic shoes, apparel, and accessories, as well as a broad selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, winter and summer recreation and roller sports. The company operates solely as a sporting goods retailer, which includes both its retail stores and an e-commerce platform. The company operates a distribution center located in Riverside, California, that services all of its stores and e-commerce platform.
16GF Score
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