Burcon NutraScienceBRCNF -16.05%48 Piotroski F-Score is 2 as of Jun. 25, 2026, which is 33% below its 10-year median of 3.00. GuruFocus rates BRCNF with a GF Score™ of 48/100 and a GF Value™ of $5.35 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,912 Consumer Packaged Goods companies, Burcon NutraScience ranks worse than 94.82% on this metric.
Warning Sign:
Piotroski F-Score of 2 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
Burcon NutraScience has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Burcon NutraScience's Piotroski F-Score or its related term are showing as below:
BRCNF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 3 Max: 4
Current: 2
During the past 13 years, the highest Piotroski F-Score of Burcon NutraScience was 4. The lowest was 1. And the median was 3.
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.
Burcon NutraScience Piotroski F-Score Related Terms
Burcon NutraScience Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Burcon NutraScience'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.
For the Packaged Foods subindustry, Burcon NutraScience'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.
Burcon NutraScience Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Burcon NutraScience's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Burcon NutraScience'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.
Burcon NutraScience's current Net Income (TTM) was -10.36.
==> 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.
Burcon NutraScience's return on assets of this year was -0.48487544. Burcon NutraScience's return on assets of last year was -0.62127883.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Burcon NutraScience's gearing of this year was 0.53132093. Burcon NutraScience's gearing of last year was 1.3090054.
==> 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
Burcon NutraScience's current ratio of this year was 0.18631379. Burcon NutraScience's current ratio of last year was 1.81584225.
==> 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.
Burcon NutraScience's number of shares in issue this year was 12.846. Burcon NutraScience's number of shares in issue last year was 9.934.
==> 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.
Burcon NutraScience's gross margin of this year was -3.2855407. Burcon NutraScience's gross margin of last year was -2.2173913.
==> 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
Burcon NutraScience's asset turnover of this year was 0.07707436. Burcon NutraScience's asset turnover of last year was 0.02893082.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Burcon NutraScience has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Burcon NutraScience (BRCNF) has a Piotroski F-Score of 2 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Burcon NutraScience and its competitors. This is 33% below median its historical median of 3.00. Over the past decade, Burcon NutraScience's Piotroski F-Score has ranged from 1.00 to 4.00. According to the industry distribution chart, Burcon NutraScience ranks #1813 out of 1912 companies in the Consumer Packaged Goods industry, placing it in the top 94.8%.
Is Burcon NutraScience's Piotroski F-Score too high?
Burcon NutraScience's current Piotroski F-Score of 2 is 33% below median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 4.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Burcon NutraScience's value of 2 is 60% below this industry median. Based on the distribution chart, Burcon NutraScience ranks #1813 out of 1912 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Burcon NutraScience has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Burcon NutraScience's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Burcon NutraScience ranks #1813 out of 1912 companies for Piotroski F-Score. This places Burcon NutraScience in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Burcon NutraScience's value of 2 is 60% below this benchmark. Historically, Burcon NutraScience's own Piotroski F-Score has ranged from 1.00 to 4.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Burcon NutraScience 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,912 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. Burcon NutraScience's current Piotroski F-Score of 2 is 60% 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 Burcon NutraScience and its competitors. For the Consumer Packaged Goods 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. Burcon NutraScience's current Piotroski F-Score is 2, which is 33% below median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Burcon NutraScience stock overvalued right now?
Based on GuruFocus' analysis, Burcon NutraScience (BRCNF) is currently considered Possible Value Trap. The stock's GF Value™ is $5.35, compared to a current price of $1.36 — trading 74.6% below its estimated fair value. The current Piotroski F-Score is 2, which is 33% below median its 10-year median of 3.00 and 60% below the Consumer Packaged Goods industry median of 5.00. Burcon NutraScience's overall GF Score™ is 48/100 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 Burcon NutraScience (BRCNF), the current Piotroski F-Score is 2 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 Burcon NutraScience (BRCNF) Overvalued in 2026?
Based on GuruFocus' analysis, Burcon NutraScience stock appears to be undervalued.
The current stock price of $1.36 is trading 74.6% below its estimated GF Value™ of $5.35.
GuruFocus considers Burcon NutraScience to be Possible Value Trap.
Key valuation signals for BRCNF:
Piotroski F-Score: 2 (33% below median its 10-year median of 3.00)
GF Value™: $5.35 vs. price of $1.36 (74.6% below fair value)
Industry Position: 60% below the Consumer Packaged Goods median (#1813 of 1912)
No single metric tells the full story. See the BRCNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Burcon NutraScience Corp is a technology company in the development of plant-based proteins. With several issued patent applications, that have been developed, Burcon has grown a portfolio of composition, application, and process patents covering novel plant-based proteins derived from pea, canola, soy, hemp, sunflower seed, and more. Its joint venture Merit Foods is building a protein production facility in Manitoba, Canada, where it will produce, under license, Burcon's novel pea and canola protein ingredients.
48GF Score
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