BICMF (BIC Camera) Piotroski F-Score: 7 (As of Jun. 26, 2026) — 40% Above Median


What is BIC Camera Piotroski F-Score?

BIC Camera BICMF 68 Piotroski F-Score is 7 as of Jun. 26, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates BICMF with a GF Score™ of 68/100. The stock has 2 warning signs investors should review. Among 1,101 Retail - Cyclical companies, BIC Camera ranks better than 91.1% 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

BIC Camera 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 BIC Camera's Piotroski F-Score or its related term are showing as below:

BICMF' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of BIC Camera was 8. The lowest was 2. And the median was 5.

BIC Camera  (OTCPK:BICMF) 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.


BIC Camera Piotroski F-Score Related Terms


BIC Camera Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for BIC Camera'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.

BIC Camera Piotroski F-Score Chart

BIC Camera Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 5.00 6.00 7.00 7.00

BIC Camera Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 0.00 0.00 7.00 0.00 0.00

BICMF vs CASY, WSM, ULTA: Piotroski F-Score Comparison

For the Specialty Retail subindustry, BIC Camera'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.


BIC Camera Piotroski F-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, BIC Camera's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where BIC Camera's Piotroski F-Score falls into.


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 (Aug25) TTM:Last Year (Aug24) TTM:
Net Income was $118.50 Mil.
Cash Flow from Operations was $171.92 Mil.
Revenue was $6,607.62 Mil.
Gross Profit was $1,766.43 Mil.
Average Total Assets from the begining of this year (Aug24)
to the end of this year (Aug25) was (3269.757 + 3339.678) / 2 = $3304.7175 Mil.
Total Assets at the begining of this year (Aug24) was $3,269.76 Mil.
Long-Term Debt & Capital Lease Obligation was $157.79 Mil.
Total Current Assets was $1,886.09 Mil.
Total Current Liabilities was $1,447.17 Mil.
Net Income was $95.09 Mil.

Revenue was $6,307.58 Mil.
Gross Profit was $1,665.80 Mil.
Average Total Assets from the begining of last year (Aug23)
to the end of last year (Aug24) was (3107.05 + 3269.757) / 2 = $3188.4035 Mil.
Total Assets at the begining of last year (Aug23) was $3,107.05 Mil.
Long-Term Debt & Capital Lease Obligation was $176.66 Mil.
Total Current Assets was $1,801.31 Mil.
Total Current Liabilities was $1,456.33 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.

BIC Camera's current Net Income (TTM) was 118.50. ==> 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.

BIC Camera's current Cash Flow from Operations (TTM) was 171.92. ==> 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 (Aug24)
=118.499/3269.757
=0.03624092

ROA (Last Year)=Net Income/Total Assets (Aug23)
=95.088/3107.05
=0.03060395

BIC Camera's return on assets of this year was 0.03624092. BIC Camera's return on assets of last year was 0.03060395. ==> This year is higher. ==> Score 1.

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.

BIC Camera's current Net Income (TTM) was 118.50. BIC Camera's current Cash Flow from Operations (TTM) was 171.92. ==> 171.92 > 118.50 ==> 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: Aug25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Aug24 to Aug25
=157.792/3304.7175
=0.0477475

Gearing (Last Year: Aug24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Aug23 to Aug24
=176.66/3188.4035
=0.05540704

BIC Camera's gearing of this year was 0.0477475. BIC Camera's gearing of last year was 0.05540704. ==> 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

Current Ratio (This Year: Aug25)=Total Current Assets/Total Current Liabilities
=1886.091/1447.166
=1.30329969

Current Ratio (Last Year: Aug24)=Total Current Assets/Total Current Liabilities
=1801.31/1456.331
=1.23688227

BIC Camera's current ratio of this year was 1.30329969. BIC Camera's current ratio of last year was 1.23688227. ==> 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.

BIC Camera's number of shares in issue this year was 171.35. BIC Camera's number of shares in issue last year was 171.302. ==> 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
=1766.433/6607.623
=0.26733259

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1665.795/6307.577
=0.26409428

BIC Camera's gross margin of this year was 0.26733259. BIC Camera's gross margin of last year was 0.26409428. ==> 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 (Aug24)
=6607.623/3269.757
=2.02082999

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Aug23)
=6307.577/3107.05
=2.03008545

BIC Camera's asset turnover of this year was 2.02082999. BIC Camera's asset turnover of last year was 2.03008545. ==> 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
=1+1+1+1+1+1+0+1+0
=7

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

BIC Camera has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
BIC Camera (BICMF) 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 BIC Camera and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, BIC Camera's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, BIC Camera ranks #98 out of 1101 companies in the Retail - Cyclical industry, placing it in the top 8.9%.
Is BIC Camera's Piotroski F-Score too high?
BIC Camera's current Piotroski F-Score of 7 is 40% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Retail - Cyclical industry median Piotroski F-Score is 5.00. BIC Camera's value of 7 is 40% above this industry median. Based on the distribution chart, BIC Camera ranks #98 out of 1101 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, BIC Camera has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does BIC Camera's Piotroski F-Score compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, BIC Camera ranks #98 out of 1101 companies for Piotroski F-Score. This places BIC Camera in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. BIC Camera's value of 7 is 40% above this benchmark. Historically, BIC Camera's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, BIC Camera 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 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. BIC Camera'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 BIC Camera 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. BIC Camera's current Piotroski F-Score is 7, which is 40% above 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 BIC Camera stock overvalued right now?
BIC Camera (BICMF) has a current Piotroski F-Score of 7. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 40% above the Retail - Cyclical industry median of 5.00. BIC Camera's overall GF Score™ is 68/100 with 2 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 BIC Camera (BICMF), 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.

BIC Camera Business Description

Other Exchanges 3048:Japan
Address 3-23-23, Takada, Toshima-ku, Tokyo, JPN, 171-0033
BIC Camera Inc is a consumer electronic retailer in Japan. The selection of merchandise is diverse: audio and video equipment, laptops and computers, cameras, televisions, and mobile phones, among others. The company sells products through both stores and online shopping sites. Additionally, the company also provides satellite and cable TV broadcasting services, installation services, repair services, a radio advertising business, and other services.