BLCO (Bausch & Lomb) Piotroski F-Score: 5 (As of Jun. 26, 2026) — 25% Above Median


BLCO Bausch & Lomb Corp BLCO
77 GF Score
Price $15.91
GF Value $18.60
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Bausch & Lomb Piotroski F-Score?

Bausch & Lomb BLCO +2.58% 77 Piotroski F-Score is 5 as of Jun. 26, 2026, which is 25% above its 10-year median of 4.00. GuruFocus rates BLCO with a GF Score™ of 77/100 and a GF Value™ of $18.60 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 805 Medical Devices & Instruments companies, Bausch & Lomb ranks better than 64.97% 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

Bausch & Lomb has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Bausch & Lomb's Piotroski F-Score or its related term are showing as below:

BLCO' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 7
Current: 5

During the past 8 years, the highest Piotroski F-Score of Bausch & Lomb was 7. The lowest was 3. And the median was 4.

Bausch & Lomb  (NYSE:BLCO) 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.


Bausch & Lomb Piotroski F-Score Related Terms


Bausch & Lomb Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Bausch & Lomb'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.

Bausch & Lomb Piotroski F-Score Chart

Bausch & Lomb Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A 5.00 4.00 4.00 4.00

Bausch & Lomb 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 3.00 4.00 4.00 4.00 5.00

BLCO vs ISRG, BDX, MDLN: Piotroski F-Score Comparison

For the Medical Instruments & Supplies subindustry, Bausch & Lomb'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.


Bausch & Lomb Piotroski F-Score vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Bausch & Lomb's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Bausch & Lomb's Piotroski F-Score falls into.


BLCO
77GF Score
Bausch & Lomb Corp BLCO
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 -62 + -28 + -58 + -71 = $-219 Mil.
Cash Flow from Operations was 35 + 137 + 136 + 32 = $340 Mil.
Revenue was 1278 + 1281 + 1405 + 1244 = $5,208 Mil.
Gross Profit was 753 + 771 + 872 + 761 = $3,157 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(13428 + 13832 + 13832 + 14022 + 13780) / 5 = $13778.8 Mil.
Total Assets at the begining of this year (Mar25) was $13,428 Mil.
Long-Term Debt & Capital Lease Obligation was $5,031 Mil.
Total Current Assets was $2,776 Mil.
Total Current Liabilities was $1,820 Mil.
Net Income was -151 + 4 + -3 + -212 = $-362 Mil.

Revenue was 1216 + 1196 + 1280 + 1137 = $4,829 Mil.
Gross Profit was 733 + 732 + 779 + 655 = $2,899 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(13293 + 13250 + 13515 + 13469 + 13428) / 5 = $13391 Mil.
Total Assets at the begining of last year (Mar24) was $13,293 Mil.
Long-Term Debt & Capital Lease Obligation was $4,789 Mil.
Total Current Assets was $2,694 Mil.
Total Current Liabilities was $1,726 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.

Bausch & Lomb's current Net Income (TTM) was -219. ==> 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.

Bausch & Lomb's current Cash Flow from Operations (TTM) was 340. ==> 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)
=-219/13428
=-0.0163092

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-362/13293
=-0.02723238

Bausch & Lomb's return on assets of this year was -0.0163092. Bausch & Lomb's return on assets of last year was -0.02723238. ==> 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.

Bausch & Lomb's current Net Income (TTM) was -219. Bausch & Lomb's current Cash Flow from Operations (TTM) was 340. ==> 340 > -219 ==> 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
=5031/13778.8
=0.36512614

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=4789/13391
=0.35762826

Bausch & Lomb's gearing of this year was 0.36512614. Bausch & Lomb's gearing of last year was 0.35762826. ==> 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
=2776/1820
=1.52527473

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2694/1726
=1.5608343

Bausch & Lomb's current ratio of this year was 1.52527473. Bausch & Lomb's current ratio of last year was 1.5608343. ==> 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.

Bausch & Lomb's number of shares in issue this year was 355.2. Bausch & Lomb's number of shares in issue last year was 352.8. ==> 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
=3157/5208
=0.6061828

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2899/4829
=0.60033133

Bausch & Lomb's gross margin of this year was 0.6061828. Bausch & Lomb's gross margin of last year was 0.60033133. ==> 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)
=5208/13428
=0.38784629

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=4829/13293
=0.3632739

Bausch & Lomb's asset turnover of this year was 0.38784629. Bausch & Lomb's asset turnover of last year was 0.3632739. ==> 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
=0+1+1+1+0+0+0+1+1
=5

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

Bausch & Lomb has an F-score of 5 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?
Bausch & Lomb (BLCO) has a Piotroski F-Score of 5 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Bausch & Lomb and its competitors. This is 25% above median its historical median of 4.00. Over the past decade, Bausch & Lomb's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Bausch & Lomb ranks #282 out of 805 companies in the Medical Devices & Instruments industry, placing it in the top 35%.
Is Bausch & Lomb's Piotroski F-Score too high?
Bausch & Lomb's current Piotroski F-Score of 5 is 25% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Medical Devices & Instruments industry median Piotroski F-Score is 5.00. Bausch & Lomb's value of 5 is 0% at this industry median. Based on the distribution chart, Bausch & Lomb ranks #282 out of 805 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Bausch & Lomb has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bausch & Lomb's Piotroski F-Score compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Bausch & Lomb ranks #282 out of 805 companies for Piotroski F-Score. This puts Bausch & Lomb in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Bausch & Lomb's value of 5 is 0% at this benchmark. Historically, Bausch & Lomb's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Bausch & Lomb 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 Medical Devices & Instruments company?
The median Piotroski F-Score among Medical Devices & Instruments companies is 5.00, based on 805 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. Bausch & Lomb'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 Bausch & Lomb and its competitors. For the Medical Devices & Instruments 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. Bausch & Lomb's current Piotroski F-Score is 5, which is 25% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bausch & Lomb stock overvalued right now?
Based on GuruFocus' analysis, Bausch & Lomb (BLCO) is currently considered Modestly Undervalued. The stock's GF Value™ is $18.60, compared to a current price of $15.91 — trading 14.5% below its estimated fair value. The current Piotroski F-Score is 5, which is 25% above median its 10-year median of 4.00 and 0% at the Medical Devices & Instruments industry median of 5.00. Bausch & Lomb's overall GF Score™ is 77/100 with 8 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 Bausch & Lomb (BLCO), the current Piotroski F-Score is 5 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 Bausch & Lomb (BLCO) Overvalued in 2026?

Based on GuruFocus' analysis, Bausch & Lomb stock appears to be undervalued. The current stock price of $15.91 is trading 14.5% below its estimated GF Value™ of $18.60. GuruFocus considers Bausch & Lomb to be Modestly Undervalued.

Key valuation signals for BLCO:

  • Piotroski F-Score: 5 (25% above median its 10-year median of 4.00)
  • GF Value™: $18.60 vs. price of $15.91 (14.5% below fair value)
  • GF Score™: 77/100 with 8 warning signs
  • Industry Position: 0% at the Medical Devices & Instruments median (#282 of 805)

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


Bausch & Lomb Business Description

Other Exchanges S2L:GermanyBLCO:Canada
Address 520 Applewood Crescent, Vaughan, ON, CAN, L4K 4B4
Bausch & Lomb is one of the largest vision care companies in the US. The firm was previously a subsidiary under parent company Bausch Health and it was spun off to become a public company in 2022. It operates in three segments: vision care, surgical, and ophthalmic pharmaceuticals. Vision care is composed of contact lenses, a market that B&L controls 10%, and ocular health products, which includes Biotrue and Lumify. Surgical includes a suite of intraocular lenses, equipment for cataract and vitreoretinal surgeries, as well as surgical instruments. Ophthalmic pharmaceuticals has a diverse lineup of products, including Xipere, Vyzulta, and Lotemax that treat different complications. With over 100 products, B&L has the largest portfolio of eye care prescriptions in the space.
77GF Score

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

$15.91
Price
$18.60
GF Value