BTC DigitalBTCT -6.25%31 Piotroski F-Score is 2 as of Jun. 24, 2026, which is 50% below its 10-year median of 4.00. GuruFocus rates BTCT with a GF Score™ of 31/100 and a GF Value™ of $0.84 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,425 Hardware companies, BTC Digital ranks worse than 93.48% 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
BTC Digital has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for BTC Digital's Piotroski F-Score or its related term are showing as below:
BTCT'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 6
Current: 2
During the past 9 years, the highest Piotroski F-Score of BTC Digital was 6. The lowest was 2. And the median was 4.
BTC Digital (NAS:BTCT) 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.
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.
BTC Digital Piotroski F-Score Related Terms
BTC Digital Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for BTC Digital'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.
BTCT vs EBON, SCKT, AGMH: Piotroski F-Score Comparison
For the Computer Hardware subindustry, BTC Digital'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.
BTC Digital Piotroski F-Score vs Hardware Industry
For the Hardware industry and Technology sector, BTC Digital's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where BTC Digital'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.
BTC Digital's current Net Income (TTM) was -9.06.
==> 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.
BTC Digital's return on assets of this year was -0.22030148. BTC Digital's return on assets of last year was -0.08104144.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
BTC Digital's gearing of this year was 0.00705694. BTC Digital's gearing of last year was 0.00974525.
==> 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
BTC Digital's current ratio of this year was 7.79321486. BTC Digital's current ratio of last year was 27.49496081.
==> 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.
BTC Digital's number of shares in issue this year was 8.223. BTC Digital's number of shares in issue last year was 3.023.
==> 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.
BTC Digital's gross margin of this year was -0.22498398. BTC Digital's gross margin of last year was 0.00985011.
==> 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
BTC Digital's asset turnover of this year was 0.34138099. BTC Digital's asset turnover of last year was 0.47569572.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
BTC Digital has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
BTC Digital (BTCT) has a Piotroski F-Score of 2 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on BTC Digital and its competitors. This is 50% below median its historical median of 4.00. Over the past decade, BTC Digital's Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, BTC Digital ranks #2267 out of 2425 companies in the Hardware industry, placing it in the top 93.5%.
Is BTC Digital's Piotroski F-Score too high?
BTC Digital's current Piotroski F-Score of 2 is 50% 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 6.00. The Hardware industry median Piotroski F-Score is 5.00. BTC Digital's value of 2 is 60% below this industry median. Based on the distribution chart, BTC Digital ranks #2267 out of 2425 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, BTC Digital has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BTC Digital's Piotroski F-Score compare to EBON and SCKT?
According to the Hardware industry distribution chart, BTC Digital ranks #2267 out of 2425 companies for Piotroski F-Score. This places BTC Digital in the lower half of its industry. The industry median Piotroski F-Score is 5.00. BTC Digital's value of 2 is 60% below this benchmark. Historically, BTC Digital'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 4.00 vs. the industry median of 5.00, BTC Digital 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,425 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. BTC Digital'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 BTC Digital and its competitors. For the Hardware 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. BTC Digital's current Piotroski F-Score is 2, which is 50% 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 BTC Digital stock overvalued right now?
Based on GuruFocus' analysis, BTC Digital (BTCT) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.84, compared to a current price of $1.20 — trading 42.9% above its estimated fair value. The current Piotroski F-Score is 2, which is 50% below median its 10-year median of 4.00 and 60% below the Hardware industry median of 5.00. BTC Digital's overall GF Score™ is 31/100 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 BTC Digital (BTCT), the current Piotroski F-Score is 2 as of Jun. 24, 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 BTC Digital (BTCT) Overvalued in 2026?
Based on GuruFocus' analysis, BTC Digital stock appears to be overvalued.
The current stock price of $1.20 is trading 42.9% above its estimated GF Value™ of $0.84.
GuruFocus considers BTC Digital to be Significantly Overvalued.
Key valuation signals for BTCT:
Piotroski F-Score: 2 (50% below median its 10-year median of 4.00)
GF Value™: $0.84 vs. price of $1.20 (42.9% above fair value)
Industry Position: 60% below the Hardware median (#2267 of 2425)
No single metric tells the full story. See the BTCT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BTC Digital Ltd is the ledger technology that underlies bitcoin and other cryptocurrencies, based in the U.S., with a focus on bitcoin mining. A blockchain is a decentralized, distributed, and encrypted digital public ledger that stores information in a secure, verifiable, and permanent way. The company also generates revenue through the resale of mining machines, mining machine rental, and miner hosting services.
31GF Score
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