BRWC (Birdie Win) Piotroski F-Score: 3 (As of Jul. 19, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BRWC Birdie Win Corp BRWC
34 GF Score
Price $0.42
GF Value $0.31
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Birdie Win Piotroski F-Score?

Birdie Win BRWC +12.72% 34 Piotroski F-Score is 3 as of Jul. 19, 2026, which is at its 10-year median of 3.00. GuruFocus rates BRWC with a GF Score™ of 34/100 and a GF Value™ of $0.31 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 251 Education companies, Birdie Win ranks worse than 88.05% 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

Birdie Win 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 Birdie Win's Piotroski F-Score or its related term are showing as below:

BRWC' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 3   Max: 6
Current: 3

During the past 5 years, the highest Piotroski F-Score of Birdie Win was 6. The lowest was 2. And the median was 3.

Birdie Win  (OTCPK:BRWC) 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.


Birdie Win Piotroski F-Score Related Terms


Birdie Win Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Birdie Win'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.

Birdie Win Piotroski F-Score Chart

Birdie Win Annual Data
Trend Jul21 Jul22 Jul23 Jul24 Jul25
Piotroski F-Score
N/A N/A 3.00 3.00 5.00

Birdie Win Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 6.00 5.00 3.00 2.00 3.00

BRWC vs FCHL, GSUN, NAUH: Piotroski F-Score Comparison

For the Education & Training Services subindustry, Birdie Win'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.


Birdie Win Piotroski F-Score vs Education Industry

For the Education industry and Consumer Defensive sector, Birdie Win's Piotroski F-Score distribution charts can be found below:

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


BRWC
34GF Score
Birdie Win Corp BRWC
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 (Apr26) TTM:Last Year (Apr25) TTM:
Net Income was -0.011 + -0.008 + -0.008 + -0.005 = $-0.03 Mil.
Cash Flow from Operations was 0 + 0 + -0.002 + 0.005 = $0.00 Mil.
Revenue was 0.005 + 0.005 + 0.005 + 0.005 = $0.02 Mil.
Gross Profit was 0.005 + 0.005 + 0.005 + 0.005 = $0.02 Mil.
Average Total Assets from the begining of this year (Apr25)
to the end of this year (Apr26) was
(0.028 + 0.02 + 0.014 + 0.016 + 0.011) / 5 = $0.0178 Mil.
Total Assets at the begining of this year (Apr25) was $0.03 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.01 Mil.
Total Current Liabilities was $0.02 Mil.
Net Income was -0.007 + 0 + 0.001 + -0.007 = $-0.01 Mil.

Revenue was 0.005 + 0.01 + 0.01 + 0.005 = $0.03 Mil.
Gross Profit was 0.005 + 0.01 + 0.01 + 0.005 = $0.03 Mil.
Average Total Assets from the begining of last year (Apr24)
to the end of last year (Apr25) was
(0.016 + 0.013 + 0.01 + 0.011 + 0.028) / 5 = $0.0156 Mil.
Total Assets at the begining of last year (Apr24) was $0.02 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.03 Mil.
Total Current Liabilities was $0.00 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.

Birdie Win's current Net Income (TTM) was -0.03. ==> 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.

Birdie Win's current Cash Flow from Operations (TTM) was 0.00. ==> 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 (Apr25)
=-0.032/0.028
=-1.14285714

ROA (Last Year)=Net Income/Total Assets (Apr24)
=-0.013/0.016
=-0.8125

Birdie Win's return on assets of this year was -1.14285714. Birdie Win's return on assets of last year was -0.8125. ==> 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.

Birdie Win's current Net Income (TTM) was -0.03. Birdie Win's current Cash Flow from Operations (TTM) was 0.00. ==> 0.00 > -0.03 ==> 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: Apr26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr25 to Apr26
=0/0.0178
=0

Gearing (Last Year: Apr25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr24 to Apr25
=0/0.0156
=0

Birdie Win's gearing of this year was 0. Birdie Win'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: Apr26)=Total Current Assets/Total Current Liabilities
=0.011/0.018
=0.61111111

Current Ratio (Last Year: Apr25)=Total Current Assets/Total Current Liabilities
=0.028/0.003
=9.33333333

Birdie Win's current ratio of this year was 0.61111111. Birdie Win's current ratio of last year was 9.33333333. ==> 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.

Birdie Win's number of shares in issue this year was 6.72. Birdie Win's number of shares in issue last year was 6.418. ==> 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
=0.02/0.02
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0.03/0.03
=1

Birdie Win's gross margin of this year was 1. Birdie Win's gross margin of last year was 1. ==> 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 (Apr25)
=0.02/0.028
=0.71428571

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Apr24)
=0.03/0.016
=1.875

Birdie Win's asset turnover of this year was 0.71428571. Birdie Win's asset turnover of last year was 1.875. ==> 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+1+0+1+1+0+0+0+0
=3

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

Birdie Win 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?
Birdie Win (BRWC) has a Piotroski F-Score of 3 as of Jul. 19, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Birdie Win and its competitors. This is near median its historical median of 3.00. Over the past decade, Birdie Win's Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Birdie Win ranks #221 out of 251 companies in the Education industry, placing it in the top 88%.
Is Birdie Win's Piotroski F-Score too high?
Birdie Win's current Piotroski F-Score of 3 is near median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 6.00. The Education industry median Piotroski F-Score is 5.00. Birdie Win's value of 3 is 40% below this industry median. Based on the distribution chart, Birdie Win ranks #221 out of 251 companies in the Education industry, which is in the bottom quartile relative to peers. Overall, Birdie Win has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Birdie Win's Piotroski F-Score compare to FCHL and GSUN?
According to the Education industry distribution chart, Birdie Win ranks #221 out of 251 companies for Piotroski F-Score. This places Birdie Win in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Birdie Win's value of 3 is 40% below this benchmark. Historically, Birdie Win's own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Birdie Win 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 an Education company?
The median Piotroski F-Score among Education companies is 5.00, based on 251 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. Birdie Win'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 Birdie Win and its competitors. For the Education 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. Birdie Win's current Piotroski F-Score is 3, which is near 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 Birdie Win stock overvalued right now?
Based on GuruFocus' analysis, Birdie Win (BRWC) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.31, compared to a current price of $0.42 — trading 34.5% above its estimated fair value. The current Piotroski F-Score is 3, which is near median its 10-year median of 3.00 and 40% below the Education industry median of 5.00. Birdie Win's overall GF Score™ is 34/100 with 2 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 Birdie Win (BRWC), the current Piotroski F-Score is 3 as of Jul. 19, 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 Birdie Win (BRWC) Overvalued in 2026?

Based on GuruFocus' analysis, Birdie Win stock appears to be overvalued. The current stock price of $0.42 is trading 34.5% above its estimated GF Value™ of $0.31. GuruFocus considers Birdie Win to be Significantly Overvalued.

Key valuation signals for BRWC:

  • Piotroski F-Score: 3 (near median its 10-year median of 3.00)
  • GF Value™: $0.31 vs. price of $0.42 (34.5% above fair value)
  • GF Score™: 34/100 with 2 warning signs
  • Industry Position: 40% below the Education median (#221 of 251)

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


Birdie Win Business Description

Address 28 Connaught Road West, Unit 8, 6th Floor, Wayson Commercial Building, Hong Kong, HKG
Birdie Win Corp provides financial literacy seminar services to Malaysian and Hong Kong individuals and families. It offers Personal Financial Literacy Seminar, which focuses on elevating its clients' financial literacy and teaching them responsible financial behaviors and rational attitudes towards financial management. The seminar is a one-on-one workshop, covering different aspects of financial literacy, presently conducted online via Zoom, which consists of four sessions and the clients are expected to devote at least three hours per session. The company has a single reportable segment based on business unit, financial services business (Literacy Seminar) and two reportable segments based on country, Malaysia and Hong Kong. The majority of its revenue comes from Hong Kong.
34GF Score

Get the complete analysis for BRWC

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

$0.42
Price
$0.31
GF Value