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Bitdeer Technologies GroupBTDR -0.06%62 Piotroski F-Score is 3 as of Aug. 11, 2026, which is at its 10-year median of 3.00. GuruFocus rates BTDR with a GF Score™ of 62/100 and a GF Value™ of $14.45 (Possible Value Trap). The stock has 10 warning signs investors should review. Among 2,723 Software companies, Bitdeer Technologies Group ranks worse than 79.14% 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
Bitdeer Technologies Group has an F-score of 1. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Bitdeer Technologies Group's Piotroski F-Score or its related term are showing as below:
BTDR'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 3 Max: 5
Current: 3
During the past 7 years, the highest Piotroski F-Score of Bitdeer Technologies Group was 5. The lowest was 1. And the median was 3.
Bitdeer Technologies Group (NAS:BTDR) 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.
Bitdeer Technologies Group Piotroski F-Score Related Terms
Bitdeer Technologies Group Piotroski F-Score Historical Data
* 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.
Bitdeer Technologies Group Piotroski F-Score Chart
BTDR vs KC, FRSH, AGYS: Piotroski F-Score Comparison
For the Software - Application subindustry, Bitdeer Technologies Group'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.
Bitdeer Technologies Group Piotroski F-Score vs Software Industry
For the Software industry and Technology sector, Bitdeer Technologies Group's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Bitdeer Technologies Group'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.
This Year (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was -266.685 + 70.542 + -159.527 + -92.278 = $-447.9 Mil. Cash Flow from Operations was -520.282 + -599.537 + -346.894 + -158.523 = $-1,625.2 Mil. Revenue was 169.708 + 224.835 + 188.93 + 228.784 = $812.3 Mil. Gross Profit was 40.827 + 10.57 + -39.041 + -8.526 = $3.8 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(2041.07 + 2437.079 + 2804.572 + 3101.091 + 3446.433) / 5 = $2766.049 Mil. Total Assets at the begining of this year (Jun25) was $2,041.1 Mil. Long-Term Debt & Capital Lease Obligation was $1,422.1 Mil. Total Current Assets was $846.5 Mil. Total Current Liabilities was $841.0 Mil.
Net Income was -50.097 + -531.917 + 105.315 + -62.937 = $-539.6 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.
Bitdeer Technologies Group's current Net Income (TTM) was -447.9.
==> 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.
Bitdeer Technologies Group's current Cash Flow from Operations (TTM) was -1,625.2.
==> 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.
Bitdeer Technologies Group's return on assets of this year was -0.21946724. Bitdeer Technologies Group's return on assets of last year was -0.65195871.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Bitdeer Technologies Group's gearing of this year was 0.51411526. Bitdeer Technologies Group's gearing of last year was 0.11883074.
==> 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
Bitdeer Technologies Group's current ratio of this year was 1.00647549. Bitdeer Technologies Group's current ratio of last year was 1.03076148.
==> 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.
Bitdeer Technologies Group's number of shares in issue this year was 246.307. Bitdeer Technologies Group's number of shares in issue last year was 193.97.
==> 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.
Bitdeer Technologies Group's gross margin of this year was 0.00471526. Bitdeer Technologies Group's gross margin of last year was 0.04449808.
==> 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
Bitdeer Technologies Group's asset turnover of this year was 0.39795646. Bitdeer Technologies Group's asset turnover of last year was 0.4310143.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Bitdeer Technologies Group has an F-score of 1. It is a bad or low score, which usually implies poor business operation.
Bitdeer Technologies Group (BTDR) has a Piotroski F-Score of 3 as of Aug. 11, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Bitdeer Technologies Group and its competitors. This is near median its historical median of 3.00. Over the past decade, Bitdeer Technologies Group's Piotroski F-Score has ranged from 1.00 to 5.00. According to the industry distribution chart, Bitdeer Technologies Group ranks #2155 out of 2723 companies in the Software industry, placing it in the top 79.1%.
Is Bitdeer Technologies Group's Piotroski F-Score too high?
Bitdeer Technologies Group'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 1.00 to a high of 5.00. The Software industry median Piotroski F-Score is 5.00. Bitdeer Technologies Group's value of 3 is 40% below this industry median. Based on the distribution chart, Bitdeer Technologies Group ranks #2155 out of 2723 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Bitdeer Technologies Group has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bitdeer Technologies Group's Piotroski F-Score compare to KC and FRSH?
According to the Software industry distribution chart, Bitdeer Technologies Group ranks #2155 out of 2723 companies for Piotroski F-Score. This places Bitdeer Technologies Group in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Bitdeer Technologies Group's value of 3 is 40% below this benchmark. Historically, Bitdeer Technologies Group's own Piotroski F-Score has ranged from 1.00 to 5.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Bitdeer Technologies Group 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 2,723 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. Bitdeer Technologies Group'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 Bitdeer Technologies Group 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. Bitdeer Technologies Group'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 Bitdeer Technologies Group stock overvalued right now?
Based on GuruFocus' analysis, Bitdeer Technologies Group (BTDR) is currently considered Possible Value Trap. The stock's GF Value™ is $14.45, compared to a current price of $8.69 — trading 39.9% below 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 Software industry median of 5.00. Bitdeer Technologies Group's overall GF Score™ is 62/100 with 10 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 Bitdeer Technologies Group (BTDR), the current Piotroski F-Score is 3 as of Aug. 11, 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 Bitdeer Technologies Group (BTDR) Overvalued in 2026?
Based on GuruFocus' analysis, Bitdeer Technologies Group stock appears to be undervalued.
The current stock price of $8.69 is trading 39.9% below its estimated GF Value™ of $14.45.
GuruFocus considers Bitdeer Technologies Group to be Possible Value Trap.
Key valuation signals for BTDR:
Piotroski F-Score: 3 (near median its 10-year median of 3.00)
GF Value™: $14.45 vs. price of $8.69 (39.9% below fair value)
Industry Position: 40% below the Software median (#2155 of 2723)
No single metric tells the full story. See the BTDR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bitdeer Technologies Group is principally engaged in the provision of digital asset mining services. The Company does not conduct any substantive operations on its own but conducts its primary operations through its subsidiaries. Its majority business segments are: proprietary mining, cloud hash rate sharing and cloud hosting. The company operates five proprietary mining datacenters in the United States and Norway, Bhutan and Singapore.
62GF Score
Get the complete analysis for BTDR
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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