BlueVenture Group PCL (BKK:BVG) Piotroski F-Score: 8 (As of Jun. 26, 2026) — 14% Above Median


BKK:BVG BlueVenture Group PCL BKK:BVG
86 GF Score
Price ฿1.57
GF Value ฿2.94
Valuation Significantly Undervalued
! 3 Warning Signs
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What is BlueVenture Group PCL Piotroski F-Score?

BlueVenture Group PCL BKK:BVG 86 Piotroski F-Score is 8 as of Jun. 26, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates BKK:BVG with a GF Score™ of 86/100 and a GF Value™ of ฿2.94 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 2,743 Software companies, BlueVenture Group PCL ranks better than 98.65% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

BlueVenture Group PCL has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

BKK:BVG' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 7   Max: 8
Current: 8

During the past 7 years, the highest Piotroski F-Score of BlueVenture Group PCL was 8. The lowest was 3. And the median was 7.

BlueVenture Group PCL  (BKK:BVG) 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.


BlueVenture Group PCL Piotroski F-Score Related Terms


BlueVenture Group PCL Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for BlueVenture Group PCL'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.

BlueVenture Group PCL Piotroski F-Score Chart

BlueVenture Group PCL Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A 8.00 7.00 3.00 8.00

BlueVenture Group PCL 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 6.00 7.00 8.00 8.00

BKK:BVG vs CRM, SHOP, UBER: Piotroski F-Score Comparison

For the Software - Application subindustry, BlueVenture Group PCL'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.


BlueVenture Group PCL Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, BlueVenture Group PCL's Piotroski F-Score distribution charts can be found below:

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


BKK:BVG
86GF Score
BlueVenture Group PCL BKK:BVG
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 16.348 + 17.794 + 14.222 + 12.057 = ฿60.4 Mil.
Cash Flow from Operations was 51.365 + 30.567 + 33.877 + 30.139 = ฿145.9 Mil.
Revenue was 150.575 + 147.732 + 143.353 + 133.477 = ฿575.1 Mil.
Gross Profit was 68.31 + 67.52 + 65.256 + 58.775 = ฿259.9 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(938.498 + 932.674 + 954.35 + 955.528 + 988.72) / 5 = ฿953.954 Mil.
Total Assets at the begining of this year (Mar25) was ฿938.5 Mil.
Long-Term Debt & Capital Lease Obligation was ฿2.9 Mil.
Total Current Assets was ฿673.9 Mil.
Total Current Liabilities was ฿141.9 Mil.
Net Income was 10.815 + 14.512 + 13.655 + 14.328 = ฿53.3 Mil.

Revenue was 122.928 + 133.642 + 131.684 + 152.197 = ฿540.5 Mil.
Gross Profit was 46.791 + 61.347 + 61.671 + 60.648 = ฿230.5 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(915.378 + 884.148 + 914.623 + 933.472 + 938.498) / 5 = ฿917.2238 Mil.
Total Assets at the begining of last year (Mar24) was ฿915.4 Mil.
Long-Term Debt & Capital Lease Obligation was ฿7.2 Mil.
Total Current Assets was ฿607.5 Mil.
Total Current Liabilities was ฿117.8 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.

BlueVenture Group PCL's current Net Income (TTM) was 60.4. ==> 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.

BlueVenture Group PCL's current Cash Flow from Operations (TTM) was 145.9. ==> 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)
=60.421/938.498
=0.06438053

ROA (Last Year)=Net Income/Total Assets (Mar24)
=53.31/915.378
=0.05823824

BlueVenture Group PCL's return on assets of this year was 0.06438053. BlueVenture Group PCL's return on assets of last year was 0.05823824. ==> 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.

BlueVenture Group PCL's current Net Income (TTM) was 60.4. BlueVenture Group PCL's current Cash Flow from Operations (TTM) was 145.9. ==> 145.9 > 60.4 ==> 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
=2.873/953.954
=0.00301168

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=7.173/917.2238
=0.00782034

BlueVenture Group PCL's gearing of this year was 0.00301168. BlueVenture Group PCL's gearing of last year was 0.00782034. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=673.947/141.929
=4.74847987

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=607.512/117.817
=5.15640358

BlueVenture Group PCL's current ratio of this year was 4.74847987. BlueVenture Group PCL's current ratio of last year was 5.15640358. ==> Last year's current ratio is higher ==> Score 0.

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.

BlueVenture Group PCL's number of shares in issue this year was 450. BlueVenture Group PCL's number of shares in issue last year was 450. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=259.861/575.137
=0.45182452

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=230.457/540.451
=0.42641609

BlueVenture Group PCL's gross margin of this year was 0.45182452. BlueVenture Group PCL's gross margin of last year was 0.42641609. ==> 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)
=575.137/938.498
=0.61282709

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=540.451/915.378
=0.59041292

BlueVenture Group PCL's asset turnover of this year was 0.61282709. BlueVenture Group PCL's asset turnover of last year was 0.59041292. ==> 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+1+1+1+0+1+1+1
=8

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

BlueVenture Group PCL has an F-score of 8. 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 8 mean?
BlueVenture Group PCL (BKK:BVG) has a Piotroski F-Score of 8 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on BlueVenture Group PCL and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, BlueVenture Group PCL's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, BlueVenture Group PCL ranks #37 out of 2743 companies in the Software industry, placing it in the top 1.3%.
Is BlueVenture Group PCL's Piotroski F-Score too high?
BlueVenture Group PCL's current Piotroski F-Score of 8 is 14% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Software industry median Piotroski F-Score is 5.00. BlueVenture Group PCL's value of 8 is 60% above this industry median. Based on the distribution chart, BlueVenture Group PCL ranks #37 out of 2743 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, BlueVenture Group PCL has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BlueVenture Group PCL's Piotroski F-Score compare to CRM and SHOP?
According to the Software industry distribution chart, BlueVenture Group PCL ranks #37 out of 2743 companies for Piotroski F-Score. This places BlueVenture Group PCL in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. BlueVenture Group PCL's value of 8 is 60% above this benchmark. Historically, BlueVenture Group PCL's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, BlueVenture Group PCL 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,743 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. BlueVenture Group PCL's current Piotroski F-Score of 8 is 60% 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 BlueVenture Group PCL and its competitors. For the Software 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. BlueVenture Group PCL's current Piotroski F-Score is 8, which is 14% above median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlueVenture Group PCL stock overvalued right now?
Based on GuruFocus' analysis, BlueVenture Group PCL (BKK:BVG) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿2.94, compared to a current price of ฿1.57 — trading 46.6% below its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 60% above the Software industry median of 5.00. BlueVenture Group PCL's overall GF Score™ is 86/100 with 3 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 BlueVenture Group PCL (BKK:BVG), the current Piotroski F-Score is 8 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.

Is BlueVenture Group PCL (BKK:BVG) Overvalued in 2026?

Based on GuruFocus' analysis, BlueVenture Group PCL stock appears to be undervalued. The current stock price of ฿1.57 is trading 46.6% below its estimated GF Value™ of ฿2.94. GuruFocus considers BlueVenture Group PCL to be Significantly Undervalued.

Key valuation signals for BKK:BVG:

  • Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
  • GF Value™: ฿2.94 vs. price of ฿1.57 (46.6% below fair value)
  • GF Score™: 86/100 with 3 warning signs
  • Industry Position: 60% above the Software median (#37 of 2743)

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


BlueVenture Group PCL Business Description

Address North Sathorn Road, No. 100/22 Sathorn Nakorn Tower, 15th floor, Silom, Bangrak, Bangkok, THA, 10500
BlueVenture Group PCL provide consultant services related to repair, loss and claim survey for motor vehicles, provide management services and consulting regarding medical benefits and claims management, provide actuarial consulting services, provide development services and provide platform and applications for non-life insurance, life insurance, and other companies.
86GF Score

Get the complete analysis for BKK:BVG

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

฿1.57
Price
฿2.94
GF Value