BGSI (Boyd Group Services) Piotroski F-Score: 5 (As of Jul. 28, 2026) — 17% Below Median

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BGSI Boyd Group Services Inc BGSI
78 GF Score
Price $115.30
GF Value $165.93
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Boyd Group Services Piotroski F-Score?

Boyd Group Services BGSI +7.07% 78 Piotroski F-Score is 5 as of Jul. 28, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates BGSI with a GF Score™ of 78/100 and a GF Value™ of $165.93 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,283 Vehicles & Parts companies, Boyd Group Services ranks better than 51.21% 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

Boyd Group Services has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Boyd Group Services's Piotroski F-Score or its related term are showing as below:

BGSI' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Boyd Group Services was 8. The lowest was 3. And the median was 6.

Boyd Group Services  (NYSE:BGSI) 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.


Boyd Group Services Piotroski F-Score Related Terms


Boyd Group Services Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Boyd Group Services'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.

Boyd Group Services Piotroski F-Score Chart

Boyd Group Services Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 8.00 6.00 5.00 5.00

Boyd Group Services 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 5.00 5.00 4.00 5.00 5.00

BGSI vs CVNA, PAG, KMX: Piotroski F-Score Comparison

For the Auto & Truck Dealerships subindustry, Boyd Group Services'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.


Boyd Group Services Piotroski F-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Boyd Group Services's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Boyd Group Services's Piotroski F-Score falls into.


BGSI
78GF Score
Boyd Group Services Inc BGSI
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 5.422 + 10.845 + 4.79 + -7.926 = $13 Mil.
Cash Flow from Operations was 100.438 + 102.513 + 79.883 + 124.755 = $408 Mil.
Revenue was 780.407 + 790.21 + 793.854 + 996.676 = $3,361 Mil.
Gross Profit was 365.438 + 365.948 + 367.914 + 463.685 = $1,563 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2468.007 + 2489.951 + 2609.158 + 3859.951 + 4316.797) / 5 = $3148.7728 Mil.
Total Assets at the begining of this year (Mar25) was $2,468 Mil.
Long-Term Debt & Capital Lease Obligation was $1,895 Mil.
Total Current Assets was $369 Mil.
Total Current Liabilities was $614 Mil.
Net Income was 10.826 + 2.895 + 2.442 + -2.637 = $14 Mil.

Revenue was 779.163 + 752.293 + 752.339 + 778.323 = $3,062 Mil.
Gross Profit was 355.465 + 343.574 + 344.909 + 359.294 = $1,403 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2415.272 + 2457.304 + 2510.573 + 2464.189 + 2468.007) / 5 = $2463.069 Mil.
Total Assets at the begining of last year (Mar24) was $2,415 Mil.
Long-Term Debt & Capital Lease Obligation was $1,129 Mil.
Total Current Assets was $262 Mil.
Total Current Liabilities was $442 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.

Boyd Group Services's current Net Income (TTM) was 13. ==> 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.

Score 1 if positive, 0 if negative.

Boyd Group Services's current Cash Flow from Operations (TTM) was 408. ==> Positive ==> Score 1.

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)
=13.131/2468.007
=0.00532049

ROA (Last Year)=Net Income/Total Assets (Mar24)
=13.526/2415.272
=0.0056002

Boyd Group Services's return on assets of this year was 0.00532049. Boyd Group Services's return on assets of last year was 0.0056002. ==> 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.

Boyd Group Services's current Net Income (TTM) was 13. Boyd Group Services's current Cash Flow from Operations (TTM) was 408. ==> 408 > 13 ==> 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
=1894.723/3148.7728
=0.60173379

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1128.536/2463.069
=0.45818286

Boyd Group Services's gearing of this year was 0.60173379. Boyd Group Services's gearing of last year was 0.45818286. ==> 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
=368.765/614.498
=0.60010773

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=261.8/442.245
=0.59197956

Boyd Group Services's current ratio of this year was 0.60010773. Boyd Group Services's current ratio of last year was 0.59197956. ==> 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.

Boyd Group Services's number of shares in issue this year was 27.83. Boyd Group Services's number of shares in issue last year was 21.468. ==> 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
=1562.985/3361.147
=0.46501537

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1403.242/3062.118
=0.45825863

Boyd Group Services's gross margin of this year was 0.46501537. Boyd Group Services's gross margin of last year was 0.45825863. ==> 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)
=3361.147/2468.007
=1.36188714

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=3062.118/2415.272
=1.26781497

Boyd Group Services's asset turnover of this year was 1.36188714. Boyd Group Services's asset turnover of last year was 1.26781497. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+1+0+1+0+1+1
=6

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

Boyd Group Services has an F-score of 6 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?
Boyd Group Services (BGSI) has a Piotroski F-Score of 5 as of Jul. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Boyd Group Services and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Boyd Group Services' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Boyd Group Services ranks #626 out of 1283 companies in the Vehicles & Parts industry, placing it in the top 48.8%.
Is Boyd Group Services' Piotroski F-Score too high?
Boyd Group Services' current Piotroski F-Score of 5 is 17% below 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 Vehicles & Parts industry median Piotroski F-Score is 5.00. Boyd Group Services' value of 5 is 0% at this industry median. Based on the distribution chart, Boyd Group Services ranks #626 out of 1283 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Boyd Group Services has a GF Score™ of 78/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Boyd Group Services' Piotroski F-Score compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Boyd Group Services ranks #626 out of 1283 companies for Piotroski F-Score. This puts Boyd Group Services in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Boyd Group Services' value of 5 is 0% at this benchmark. Historically, Boyd Group Services' 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, Boyd Group Services 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 Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 5.00, based on 1,283 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. Boyd Group Services'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 Boyd Group Services and its competitors. For the Vehicles & Parts 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. Boyd Group Services's current Piotroski F-Score is 5, which is 17% below 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 Boyd Group Services stock overvalued right now?
Based on GuruFocus' analysis, Boyd Group Services (BGSI) is currently considered Possible Value Trap. The stock's GF Value™ is $165.93, compared to a current price of $115.30 — trading 30.5% below its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Vehicles & Parts industry median of 5.00. Boyd Group Services' overall GF Score™ is 78/100 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 Boyd Group Services (BGSI), the current Piotroski F-Score is 5 as of Jul. 28, 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 Boyd Group Services (BGSI) Overvalued in 2026?

Based on GuruFocus' analysis, Boyd Group Services stock appears to be undervalued. The current stock price of $115.30 is trading 30.5% below its estimated GF Value™ of $165.93. GuruFocus considers Boyd Group Services to be Possible Value Trap.

Key valuation signals for BGSI:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: $165.93 vs. price of $115.30 (30.5% below fair value)
  • GF Score™: 78/100 with 5 warning signs
  • Industry Position: 0% at the Vehicles & Parts median (#626 of 1283)

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


Boyd Group Services Business Description

Address 1745 Ellice Avenue, Unit C1, Winnipeg, MB, CAN, R3H 1A6
Boyd Group Services Inc is engaged in operating non-franchised collision repair centers in North America. The Company's primary line of business is automotive collision and glass repair and related services, with the majority of revenues relating to this group of similar services. This line of business operates in Canada and the U.S. and both regions exhibit similar long-term economic characteristics. he Company is also a retail auto glass operator in the United States, under the trade names Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority. The company has majority of its sales from USA.
78GF Score

Get the complete analysis for BGSI

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

$115.30
Price
$165.93
GF Value