BGLC (BioNexus Gene Lab) Piotroski F-Score: 3 (As of Jul. 16, 2026) — Near Median

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BGLC BioNexus Gene Lab Corp BGLC
58 GF Score
Price $1.68
GF Value $2.17
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is BioNexus Gene Lab Piotroski F-Score?

BioNexus Gene Lab BGLC +4.67% 58 Piotroski F-Score is 3 as of Jul. 16, 2026, which is at its 10-year median of 3.00. GuruFocus rates BGLC with a GF Score™ of 58/100 and a GF Value™ of $2.17 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,562 Chemicals companies, BioNexus Gene Lab ranks worse than 82.14% on this metric.

Warning Sign:

Piotroski F-Score of 3 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

BioNexus Gene Lab has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for BioNexus Gene Lab's Piotroski F-Score or its related term are showing as below:

BGLC' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 6
Current: 3

During the past 8 years, the highest Piotroski F-Score of BioNexus Gene Lab was 6. The lowest was 1. And the median was 3.

BioNexus Gene Lab  (NAS:BGLC) 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.


BioNexus Gene Lab Piotroski F-Score Related Terms


BioNexus Gene Lab Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for BioNexus Gene Lab'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.

BioNexus Gene Lab Piotroski F-Score Chart

BioNexus Gene Lab Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 5.00 2.00 3.00 1.00 4.00

BioNexus Gene Lab 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 2.00 3.00 5.00 4.00 3.00

BGLC vs QGAI, VYST, GLGI: Piotroski F-Score Comparison

For the Specialty Chemicals subindustry, BioNexus Gene Lab'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.


BioNexus Gene Lab Piotroski F-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, BioNexus Gene Lab's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where BioNexus Gene Lab's Piotroski F-Score falls into.


BGLC
58GF Score
BioNexus Gene Lab Corp BGLC
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 -0.616 + -0.709 + -1.036 + -0.544 = $-2.91 Mil.
Cash Flow from Operations was -0.738 + -1.237 + 0.961 + -0.148 = $-1.16 Mil.
Revenue was 2.26 + 2.544 + 0.484 + 0.023 = $5.31 Mil.
Gross Profit was 0.368 + 0.378 + -0.004 + -0.001 = $0.74 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(9.48 + 9.421 + 7.621 + 9.253 + 9.04) / 5 = $8.963 Mil.
Total Assets at the begining of this year (Mar25) was $9.48 Mil.
Long-Term Debt & Capital Lease Obligation was $0.15 Mil.
Total Current Assets was $5.20 Mil.
Total Current Liabilities was $0.80 Mil.
Net Income was 0.199 + -1.345 + -0.348 + -0.623 = $-2.12 Mil.

Revenue was 1.975 + 2.63 + 2.524 + 2.137 = $9.27 Mil.
Gross Profit was 0.289 + 0.327 + 0.309 + 0.343 = $1.27 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(11.161 + 11.14 + 10.995 + 10.434 + 9.48) / 5 = $10.642 Mil.
Total Assets at the begining of last year (Mar24) was $11.16 Mil.
Long-Term Debt & Capital Lease Obligation was $0.15 Mil.
Total Current Assets was $6.54 Mil.
Total Current Liabilities was $1.56 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.

BioNexus Gene Lab's current Net Income (TTM) was -2.91. ==> 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.

BioNexus Gene Lab's current Cash Flow from Operations (TTM) was -1.16. ==> 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)
=-2.905/9.48
=-0.3064346

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-2.117/11.161
=-0.18967834

BioNexus Gene Lab's return on assets of this year was -0.3064346. BioNexus Gene Lab's return on assets of last year was -0.18967834. ==> Last year is higher ==> Score 0.

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.

BioNexus Gene Lab's current Net Income (TTM) was -2.91. BioNexus Gene Lab's current Cash Flow from Operations (TTM) was -1.16. ==> -1.16 > -2.91 ==> CFROA > ROA ==> Score 1.

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
=0.15/8.963
=0.01673547

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0.148/10.642
=0.01390716

BioNexus Gene Lab's gearing of this year was 0.01673547. BioNexus Gene Lab's gearing of last year was 0.01390716. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=5.196/0.796
=6.52763819

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=6.542/1.56
=4.19358974

BioNexus Gene Lab's current ratio of this year was 6.52763819. BioNexus Gene Lab's current ratio of last year was 4.19358974. ==> 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.

BioNexus Gene Lab's number of shares in issue this year was 2.417. BioNexus Gene Lab's number of shares in issue last year was 1.797. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=0.741/5.311
=0.13952175

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1.268/9.266
=0.13684438

BioNexus Gene Lab's gross margin of this year was 0.13952175. BioNexus Gene Lab's gross margin of last year was 0.13684438. ==> 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)
=5.311/9.48
=0.56023207

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=9.266/11.161
=0.83021235

BioNexus Gene Lab's asset turnover of this year was 0.56023207. BioNexus Gene Lab's asset turnover of last year was 0.83021235. ==> 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+0+1+0+1+0+1+0
=3

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

BioNexus Gene Lab has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
BioNexus Gene Lab (BGLC) has a Piotroski F-Score of 3 as of Jul. 16, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on BioNexus Gene Lab and its competitors. This is near median its historical median of 3.00. Over the past decade, BioNexus Gene Lab's Piotroski F-Score has ranged from 1.00 to 6.00. According to the industry distribution chart, BioNexus Gene Lab ranks #1283 out of 1562 companies in the Chemicals industry, placing it in the top 82.1%.
Is BioNexus Gene Lab's Piotroski F-Score too high?
BioNexus Gene Lab's current Piotroski F-Score of 3 is near median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 6.00. The Chemicals industry median Piotroski F-Score is 5.00. BioNexus Gene Lab's value of 3 is 40% below this industry median. Based on the distribution chart, BioNexus Gene Lab ranks #1283 out of 1562 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, BioNexus Gene Lab has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BioNexus Gene Lab's Piotroski F-Score compare to QGAI and VYST?
According to the Chemicals industry distribution chart, BioNexus Gene Lab ranks #1283 out of 1562 companies for Piotroski F-Score. This places BioNexus Gene Lab in the lower half of its industry. The industry median Piotroski F-Score is 5.00. BioNexus Gene Lab's value of 3 is 40% below this benchmark. Historically, BioNexus Gene Lab'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 3.00 vs. the industry median of 5.00, BioNexus Gene Lab 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,562 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. BioNexus Gene Lab's current Piotroski F-Score of 3 is 40% 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 BioNexus Gene Lab and its competitors. For the Chemicals 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. BioNexus Gene Lab's current Piotroski F-Score is 3, which is near median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BioNexus Gene Lab stock overvalued right now?
Based on GuruFocus' analysis, BioNexus Gene Lab (BGLC) is currently considered Modestly Undervalued. The stock's GF Value™ is $2.17, compared to a current price of $1.68 — trading 22.6% below its estimated fair value. The current Piotroski F-Score is 3, which is near median its 10-year median of 3.00 and 40% below the Chemicals industry median of 5.00. BioNexus Gene Lab's overall GF Score™ is 58/100 with 6 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 BioNexus Gene Lab (BGLC), the current Piotroski F-Score is 3 as of Jul. 16, 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 BioNexus Gene Lab (BGLC) Overvalued in 2026?

Based on GuruFocus' analysis, BioNexus Gene Lab stock appears to be undervalued. The current stock price of $1.68 is trading 22.6% below its estimated GF Value™ of $2.17. GuruFocus considers BioNexus Gene Lab to be Modestly Undervalued.

Key valuation signals for BGLC:

  • Piotroski F-Score: 3 (near median its 10-year median of 3.00)
  • GF Value™: $2.17 vs. price of $1.68 (22.6% below fair value)
  • GF Score™: 58/100 with 6 warning signs
  • Industry Position: 40% below the Chemicals median (#1283 of 1562)

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


BioNexus Gene Lab Business Description

Address No.5 Jln Bangsar Utama 1, Unit A-28-7, Level 28, Tower A, Menara UOA Bangsar, Kuala Lumpur, SGR, MYS, 59200
BioNexus Gene Lab Corp is a Wyoming corporation with two principal operating subsidiaries in Malaysia: Chemrex Corporation Sdn. Bhd. (Chemrex) and MRNA Scientific Sdn. Bhd. (MRNA Scientific). Chemrex is engaged in the distribution of chemical raw materials, mainly for industrial applications in Southeast Asia. MRNA Scientific is engaged in the development and provision of blood-based genomic screening services intended to support early disease risk assessment and health management. Trading of industrial chemicals- Includes trading of industrial chemicals. Provision for genomic screening services- includes in commercializing proprietary blood-based diagnostic test for early disease detection. Investment holding- Investment holding, are its segments.
58GF Score

Get the complete analysis for BGLC

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

$1.68
Price
$2.17
GF Value