Bitcoin DepotBTMCQ 40 Piotroski F-Score is 6 as of Jun. 25, 2026, which is at its 10-year median of 6.00. GuruFocus rates BTMCQ with a GF Score™ of 40/100 and a GF Value™ of $3.18 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 781 Capital Markets companies, Bitcoin Depot ranks better than 81.69% on this metric.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Bitcoin Depot has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Bitcoin Depot's Piotroski F-Score or its related term are showing as below:
BTMCQ'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 6 Max: 6
Current: 6
During the past 6 years, the highest Piotroski F-Score of Bitcoin Depot was 6. The lowest was 5. And the median was 6.
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.
Bitcoin Depot Piotroski F-Score Related Terms
Bitcoin Depot Piotroski F-Score Historical Data
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The historical data trend for Bitcoin Depot'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.
BTMCQ vs MWAI, BEGI, MNTR: Piotroski F-Score Comparison
For the Capital Markets subindustry, Bitcoin Depot'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.
Bitcoin Depot Piotroski F-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Bitcoin Depot's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Bitcoin Depot'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.
Bitcoin Depot's current Net Income (TTM) was -6.2.
==> 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.
Bitcoin Depot's return on assets of this year was -0.07717467. Bitcoin Depot's return on assets of last year was -0.15720301.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Bitcoin Depot's gearing of this year was 0.51886096. Bitcoin Depot's gearing of last year was 0.61910937.
==> 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
Bitcoin Depot's current ratio of this year was 1.26168562. Bitcoin Depot's current ratio of last year was 0.8450368.
==> 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.
Bitcoin Depot's number of shares in issue this year was 10.519. Bitcoin Depot's number of shares in issue last year was 2.973.
==> 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.
Bitcoin Depot's gross margin of this year was 0.18426578. Bitcoin Depot's gross margin of last year was 0.15938561.
==> This year's gross margin is higher. ==> Score 1.
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
Bitcoin Depot's asset turnover of this year was 7.67565914. Bitcoin Depot's asset turnover of last year was 7.71759689.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Bitcoin Depot has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Bitcoin Depot (BTMCQ) has a Piotroski F-Score of 6 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Bitcoin Depot and its competitors. This is near median its historical median of 6.00. Over the past decade, Bitcoin Depot's Piotroski F-Score has ranged from 5.00 to 6.00. According to the industry distribution chart, Bitcoin Depot ranks #143 out of 781 companies in the Capital Markets industry, placing it in the top 18.3%.
Is Bitcoin Depot's Piotroski F-Score too high?
Bitcoin Depot's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 6.00. The Capital Markets industry median Piotroski F-Score is 5.00. Bitcoin Depot's value of 6 is 20% above this industry median. Based on the distribution chart, Bitcoin Depot ranks #143 out of 781 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Bitcoin Depot has a GF Score™ of 40/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bitcoin Depot's Piotroski F-Score compare to MWAI and BEGI?
According to the Capital Markets industry distribution chart, Bitcoin Depot ranks #143 out of 781 companies for Piotroski F-Score. This places Bitcoin Depot in the top 18% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Bitcoin Depot's value of 6 is 20% above this benchmark. Historically, Bitcoin Depot's own Piotroski F-Score has ranged from 5.00 to 6.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Bitcoin Depot has consistently been above 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 Capital Markets company?
The median Piotroski F-Score among Capital Markets companies is 5.00, based on 781 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. Bitcoin Depot's current Piotroski F-Score of 6 is 20% above 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 Bitcoin Depot and its competitors. For the Capital Markets 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. Bitcoin Depot's current Piotroski F-Score is 6, which is near median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bitcoin Depot stock overvalued right now?
Based on GuruFocus' analysis, Bitcoin Depot (BTMCQ) is currently considered Possible Value Trap. The stock's GF Value™ is $3.18, compared to a current price of $0.13 — trading 96% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Capital Markets industry median of 5.00. Bitcoin Depot's overall GF Score™ is 40/100 with 1 warning sign 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 Bitcoin Depot (BTMCQ), the current Piotroski F-Score is 6 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 Bitcoin Depot (BTMCQ) Overvalued in 2026?
Based on GuruFocus' analysis, Bitcoin Depot stock appears to be undervalued.
The current stock price of $0.13 is trading 96% below its estimated GF Value™ of $3.18.
GuruFocus considers Bitcoin Depot to be Possible Value Trap.
Key valuation signals for BTMCQ:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: $3.18 vs. price of $0.13 (96% below fair value)
Industry Position: 20% above the Capital Markets median (#143 of 781)
No single metric tells the full story. See the BTMCQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bitcoin Depot Inc owns and operates the widest network of BTMs across North America where customers can buy and sell Bitcoin. Bitcoin Depot helps power the digital economy for users of cash. It has locations across the U.S. and Canada at, among others, the following types of retailers: Convenience Stores and Gas Station Chains, Pharmacies and Grocers and Mall Operators.
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