BLIV (BeLive Holdings) Piotroski F-Score: 3 (As of Jun. 26, 2026) — 25% Below Median


BLIV BeLive Holdings BLIV
15 GF Score
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What is BeLive Holdings Piotroski F-Score?

BeLive Holdings BLIV -4.47% 15 Piotroski F-Score is 3 as of Jun. 26, 2026, which is 25% below its 10-year median of 4.00. GuruFocus rates BLIV with a GF Score™ of 15/100. The stock has 5 warning signs investors should review. Among 2,743 Software companies, BeLive Holdings ranks worse than 78.89% on this metric.

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

BeLive Holdings has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

BLIV' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 5
Current: 3

During the past 6 years, the highest Piotroski F-Score of BeLive Holdings was 5. The lowest was 2. And the median was 4.

BeLive Holdings  (NAS:BLIV) 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.


BeLive Holdings Piotroski F-Score Related Terms


BeLive Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for BeLive Holdings'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.

BeLive Holdings Piotroski F-Score Chart

BeLive Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A 2.00 5.00 4.00 3.00

BeLive Holdings Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 0.00 4.00 0.00 3.00

BLIV vs WBSR, UPLD, ANKM: Piotroski F-Score Comparison

For the Software - Application subindustry, BeLive Holdings'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.


BeLive Holdings Piotroski F-Score vs Software Industry

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

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


BLIV
15GF Score
BeLive Holdings BLIV
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 $-5.19 Mil.
Cash Flow from Operations was $-2.81 Mil.
Revenue was $0.59 Mil.
Gross Profit was $-0.01 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (0.618 + 7.21) / 2 = $3.914 Mil.
Total Assets at the begining of this year (Dec24) was $0.62 Mil.
Long-Term Debt & Capital Lease Obligation was $0.02 Mil.
Total Current Assets was $6.85 Mil.
Total Current Liabilities was $0.40 Mil.
Net Income was $-4.08 Mil.

Revenue was $1.37 Mil.
Gross Profit was $0.71 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (1.219 + 0.618) / 2 = $0.9185 Mil.
Total Assets at the begining of last year (Dec23) was $1.22 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.15 Mil.
Total Current Liabilities was $0.72 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.

BeLive Holdings's current Net Income (TTM) was -5.19. ==> 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.

BeLive Holdings's current Cash Flow from Operations (TTM) was -2.81. ==> Negative ==> Score 0.

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)
=-5.188/0.618
=-8.39482201

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-4.079/1.219
=-3.3461854

BeLive Holdings's return on assets of this year was -8.39482201. BeLive Holdings's return on assets of last year was -3.3461854. ==> Last year is higher ==> Score 0.

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.

BeLive Holdings's current Net Income (TTM) was -5.19. BeLive Holdings's current Cash Flow from Operations (TTM) was -2.81. ==> -2.81 > -5.19 ==> 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
=0.018/3.914
=0.00459888

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0/0.9185
=0

BeLive Holdings's gearing of this year was 0.00459888. BeLive Holdings's gearing of last year was 0. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=6.853/0.4
=17.1325

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=0.151/0.718
=0.21030641

BeLive Holdings's current ratio of this year was 17.1325. BeLive Holdings's current ratio of last year was 0.21030641. ==> 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.

BeLive Holdings's number of shares in issue this year was 10.144. BeLive Holdings's number of shares in issue last year was 10.603. ==> 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
=-0.006/0.587
=-0.01022147

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0.713/1.37
=0.52043796

BeLive Holdings's gross margin of this year was -0.01022147. BeLive Holdings's gross margin of last year was 0.52043796. ==> 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)
=0.587/0.618
=0.94983819

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1.37/1.219
=1.12387203

BeLive Holdings's asset turnover of this year was 0.94983819. BeLive Holdings's asset turnover of last year was 1.12387203. ==> 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
=0+0+0+1+0+1+1+0+0
=3

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

BeLive Holdings has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
BeLive Holdings (BLIV) has a Piotroski F-Score of 3 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on BeLive Holdings and its competitors. This is 25% below median its historical median of 4.00. Over the past decade, BeLive Holdings' Piotroski F-Score has ranged from 2.00 to 5.00. According to the industry distribution chart, BeLive Holdings ranks #2164 out of 2743 companies in the Software industry, placing it in the top 78.9%.
Is BeLive Holdings' Piotroski F-Score too high?
BeLive Holdings' current Piotroski F-Score of 3 is 25% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 5.00. The Software industry median Piotroski F-Score is 5.00. BeLive Holdings' value of 3 is 40% below this industry median. Based on the distribution chart, BeLive Holdings ranks #2164 out of 2743 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, BeLive Holdings has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does BeLive Holdings' Piotroski F-Score compare to WBSR and UPLD?
According to the Software industry distribution chart, BeLive Holdings ranks #2164 out of 2743 companies for Piotroski F-Score. This places BeLive Holdings in the lower half of its industry. The industry median Piotroski F-Score is 5.00. BeLive Holdings' value of 3 is 40% below this benchmark. Historically, BeLive Holdings' own Piotroski F-Score has ranged from 2.00 to 5.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, BeLive Holdings has consistently been below 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. BeLive Holdings's current Piotroski F-Score of 3 is 40% below 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 BeLive Holdings 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. BeLive Holdings's current Piotroski F-Score is 3, which is 25% below 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 BeLive Holdings stock overvalued right now?
BeLive Holdings (BLIV) has a current Piotroski F-Score of 3. The current Piotroski F-Score is 3, which is 25% below median its 10-year median of 4.00 and 40% below the Software industry median of 5.00. BeLive Holdings' overall GF Score™ is 15/100 with 5 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 BeLive Holdings (BLIV), the current Piotroski F-Score is 3 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.

BeLive Holdings Business Description

Address 26A Ann Siang Road, Suite 03-00, Singapore, SGP, 69706
BeLive Holdings is a holding company. The company is a technology solution provider for live commerce and shoppable short videos. The company enables its customers to engage in interactive and immersive live and video commerce with online businesses, and enables customers to create videos for more traffic and good shopping experiences on their platforms. The company generates revenue from the provision of BeLive White-Label Solutions and BeLive SaaS Solutions.
15GF Score

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