Balfour BeattyBLFBY 78 Piotroski F-Score is 8 as of Jun. 25, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates BLFBY with a GF Score™ of 78/100 and a GF Value™ of $14.84 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,734 Construction companies, Balfour Beatty ranks better than 98.39% 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
Balfour Beatty 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 Balfour Beatty's Piotroski F-Score or its related term are showing as below:
BLFBY'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 8
Current: 8
During the past 13 years, the highest Piotroski F-Score of Balfour Beatty was 8. The lowest was 4. And the median was 6.
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.
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.
Balfour Beatty Piotroski F-Score Related Terms
Balfour Beatty Piotroski F-Score Historical Data
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The historical data trend for Balfour Beatty'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.
BLFBY vs PWR, FIX, EME: Piotroski F-Score Comparison
For the Engineering & Construction subindustry, Balfour Beatty'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.
Balfour Beatty Piotroski F-Score vs Construction Industry
For the Construction industry and Industrials sector, Balfour Beatty's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Balfour Beatty's Piotroski F-Score falls into.
* 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.
*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.
Balfour Beatty's current Net Income (TTM) was 352.
==> 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.
Balfour Beatty's return on assets of this year was 0.04944803. Balfour Beatty's return on assets of last year was 0.03376549.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Balfour Beatty's gearing of this year was 0.14861913. Balfour Beatty's gearing of last year was 0.15756169.
==> 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
Balfour Beatty's current ratio of this year was 1.01585932. Balfour Beatty's current ratio of last year was 1.02416107.
==> 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.
Balfour Beatty's number of shares in issue this year was 252.5. Balfour Beatty's number of shares in issue last year was 264.
==> 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.
Balfour Beatty's gross margin of this year was 0.04932026. Balfour Beatty's gross margin of last year was 0.04262812.
==> 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
Balfour Beatty's asset turnover of this year was 1.78407736. Balfour Beatty's asset turnover of last year was 1.56193547.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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8
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Balfour Beatty has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Balfour Beatty (BLFBY) has a Piotroski F-Score of 8 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Balfour Beatty and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Balfour Beatty's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Balfour Beatty ranks #28 out of 1734 companies in the Construction industry, placing it in the top 1.6%.
Is Balfour Beatty's Piotroski F-Score too high?
Balfour Beatty's current Piotroski F-Score of 8 is 33% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Construction industry median Piotroski F-Score is 5.00. Balfour Beatty's value of 8 is 60% above this industry median. Based on the distribution chart, Balfour Beatty ranks #28 out of 1734 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Balfour Beatty has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Balfour Beatty's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Balfour Beatty ranks #28 out of 1734 companies for Piotroski F-Score. This places Balfour Beatty in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Balfour Beatty's value of 8 is 60% above this benchmark. Historically, Balfour Beatty's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Balfour Beatty 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,734 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. Balfour Beatty'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 Balfour Beatty and its competitors. For the Construction 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. Balfour Beatty's current Piotroski F-Score is 8, which is 33% above 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 Balfour Beatty stock overvalued right now?
Based on GuruFocus' analysis, Balfour Beatty (BLFBY) is currently considered Significantly Overvalued. The stock's GF Value™ is $14.84, compared to a current price of $22.14 — trading 49.2% above its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Construction industry median of 5.00. Balfour Beatty's overall GF Score™ is 78/100 with 7 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 Balfour Beatty (BLFBY), the current Piotroski F-Score is 8 as of Jun. 25, 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 Balfour Beatty (BLFBY) Overvalued in 2026?
Based on GuruFocus' analysis, Balfour Beatty stock appears to be overvalued.
The current stock price of $22.14 is trading 49.2% above its estimated GF Value™ of $14.84.
GuruFocus considers Balfour Beatty to be Significantly Overvalued.
Key valuation signals for BLFBY:
Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
GF Value™: $14.84 vs. price of $22.14 (49.2% above fair value)
Industry Position: 60% above the Construction median (#28 of 1734)
No single metric tells the full story. See the BLFBY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Balfour Beatty PLC finances builds, and maintains infrastructure projects. It finances, develops, builds, maintains, and operates the increasingly complex and critical infrastructure that supports national economies and delivers projects at the heart of local communities. It operates three business segments: Construction services (majority of total revenue), Support services, and Infrastructure investments. It will invest directly in infrastructure assets also invests in real estate-type assets, in particular private residential and student accommodation assets. The majority of sales are derived from the United Kingdom and the United States.
78GF Score
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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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