BLHWF (Belimo Holding AG) Piotroski F-Score: 6 (As of Jun. 26, 2026) — 14% Below Median


BLHWF Belimo Holding AG BLHWF
98 GF Score
Price $1,200.00
GF Value $905.78
! 4 Warning Signs
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What is Belimo Holding AG Piotroski F-Score?

Belimo Holding AG BLHWF 98 Piotroski F-Score is 6 as of Jun. 26, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates BLHWF with a GF Score™ of 98/100 and a GF Value™ of $905.78. The stock has 4 warning signs investors should review. Among 1,735 Construction companies, Belimo Holding AG ranks better than 74.24% 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

Belimo Holding AG 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 Belimo Holding AG's Piotroski F-Score or its related term are showing as below:

BLHWF' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Belimo Holding AG was 8. The lowest was 5. And the median was 7.

Belimo Holding AG  (OTCPK:BLHWF) 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.


Belimo Holding AG Piotroski F-Score Related Terms


Belimo Holding AG Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Belimo Holding AG'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.

Belimo Holding AG Piotroski F-Score Chart

Belimo Holding AG 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 7.00 6.00 8.00 8.00 6.00

Belimo Holding AG Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 8.00 0.00 8.00 0.00 6.00

BLHWF vs TT, JCI, CARR: Piotroski F-Score Comparison

For the Building Products & Equipment subindustry, Belimo Holding AG'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.


Belimo Holding AG Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Belimo Holding AG's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Belimo Holding AG's Piotroski F-Score falls into.


BLHWF
98GF Score
Belimo Holding AG BLHWF
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was $228 Mil.
Cash Flow from Operations was $232 Mil.
Revenue was $1,406 Mil.
Gross Profit was $854 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (856.533 + 1102.777) / 2 = $979.655 Mil.
Total Assets at the begining of this year (Dec24) was $857 Mil.
Long-Term Debt & Capital Lease Obligation was $0 Mil.
Total Current Assets was $626 Mil.
Total Current Liabilities was $255 Mil.
Net Income was $165 Mil.

Revenue was $1,059 Mil.
Gross Profit was $652 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (765.482 + 856.533) / 2 = $811.0075 Mil.
Total Assets at the begining of last year (Dec23) was $765 Mil.
Long-Term Debt & Capital Lease Obligation was $0 Mil.
Total Current Assets was $499 Mil.
Total Current Liabilities was $174 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.

Belimo Holding AG's current Net Income (TTM) was 228. ==> 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.

Belimo Holding AG's current Cash Flow from Operations (TTM) was 232. ==> 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 (Dec24)
=227.914/856.533
=0.26608899

ROA (Last Year)=Net Income/Total Assets (Dec23)
=164.628/765.482
=0.2150645

Belimo Holding AG's return on assets of this year was 0.26608899. Belimo Holding AG's return on assets of last year was 0.2150645. ==> 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.

Belimo Holding AG's current Net Income (TTM) was 228. Belimo Holding AG's current Cash Flow from Operations (TTM) was 232. ==> 232 > 228 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=0/979.655
=0

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0/811.0075
=0

Belimo Holding AG's gearing of this year was 0. Belimo Holding AG's gearing of last year was 0. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=626.405/255.362
=2.45300789

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=499.046/174.208
=2.86465604

Belimo Holding AG's current ratio of this year was 2.45300789. Belimo Holding AG's current ratio of last year was 2.86465604. ==> 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.

Belimo Holding AG's number of shares in issue this year was 12.3. Belimo Holding AG's number of shares in issue last year was 12.298. ==> 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
=854.103/1406.466
=0.60726886

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=652.227/1058.614
=0.61611409

Belimo Holding AG's gross margin of this year was 0.60726886. Belimo Holding AG's gross margin of last year was 0.61611409. ==> Last year's gross margin is higher ==> Score 0.

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 (Dec24)
=1406.466/856.533
=1.64204532

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1058.614/765.482
=1.38293781

Belimo Holding AG's asset turnover of this year was 1.64204532. Belimo Holding AG's asset turnover of last year was 1.38293781. ==> 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+0+0+1
=6

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

Belimo Holding AG 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 6 mean?
Belimo Holding AG (BLHWF) has a Piotroski F-Score of 6 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Belimo Holding AG and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Belimo Holding AG's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Belimo Holding AG ranks #447 out of 1735 companies in the Construction industry, placing it in the top 25.8%.
Is Belimo Holding AG's Piotroski F-Score too high?
Belimo Holding AG's current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Construction industry median Piotroski F-Score is 5.00. Belimo Holding AG's value of 6 is 20% above this industry median. Based on the distribution chart, Belimo Holding AG ranks #447 out of 1735 companies in the Construction industry, which is above the industry midpoint. Overall, Belimo Holding AG has a GF Score™ of 98/100, reflecting its overall financial health beyond just this single metric.
How does Belimo Holding AG's Piotroski F-Score compare to TT and JCI?
According to the Construction industry distribution chart, Belimo Holding AG ranks #447 out of 1735 companies for Piotroski F-Score. This puts Belimo Holding AG in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Belimo Holding AG's value of 6 is 20% above this benchmark. Historically, Belimo Holding AG's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Belimo Holding AG 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 1,735 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. Belimo Holding AG's current Piotroski F-Score of 6 is 20% 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 Belimo Holding AG 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. Belimo Holding AG's current Piotroski F-Score is 6, which is 14% below 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 Belimo Holding AG stock overvalued right now?
Belimo Holding AG (BLHWF) has a current Piotroski F-Score of 6. The stock's GF Value™ is $905.78, compared to a current price of $1,200.00 — trading 32.5% above its estimated fair value. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Construction industry median of 5.00. Belimo Holding AG's overall GF Score™ is 98/100 with 4 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 Belimo Holding AG (BLHWF), the current Piotroski F-Score is 6 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 Belimo Holding AG (BLHWF) Overvalued in 2026?

Based on GuruFocus' analysis, Belimo Holding AG stock appears to be overvalued. The current stock price of $1,200.00 is trading 32.5% above its estimated GF Value™ of $905.78.

Key valuation signals for BLHWF:

  • Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
  • GF Value™: $905.78 vs. price of $1,200.00 (32.5% above fair value)
  • GF Score™: 98/100 with 4 warning signs
  • Industry Position: 20% above the Construction median (#447 of 1735)

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


Belimo Holding AG Business Description

Address Brunnenbachstrasse 1, Hinwil, CHE, 8340
Belimo Holding AG is engaged in the development, production, and sales of field devices for the energy-efficient control of heating, ventilation, and air-conditioning system. The focus of the core business is on damper actuators, control valves, sensors, and meters, such as fire damper actuators, valve actuators, globe valves, throttle valves, duct sensors (air), and outdoor sensors (air), among others. The company, along with its subsidiaries, has four reportable operating segments: EMEA, Americas, Asia Pacific, and Shared Services. Maximum revenue for the company is generated from the Americas.
98GF Score

Get the complete analysis for BLHWF

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

$1,200.00
Price
$905.78
GF Value