The Baldwin Insurance GroupBWIN -1.65%74 Piotroski F-Score is 4 as of Jun. 25, 2026, which is at its 10-year median of 4.00. GuruFocus rates BWIN with a GF Score™ of 74/100 and a GF Value™ of $29.32 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 482 Insurance companies, The Baldwin Insurance Group ranks worse than 77.8% 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
The Baldwin Insurance Group 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 The Baldwin Insurance Group's Piotroski F-Score or its related term are showing as below:
BWIN'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 4 Max: 6
Current: 4
During the past 9 years, the highest Piotroski F-Score of The Baldwin Insurance Group was 6. The lowest was 1. And the median was 4.
The Baldwin Insurance Group (NAS:BWIN) 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.
The Baldwin Insurance Group Piotroski F-Score Related Terms
The Baldwin Insurance 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.
The Baldwin Insurance Group Piotroski F-Score Chart
BWIN vs LIFE, GSHD, CRVL: Piotroski F-Score Comparison
For the Insurance Brokers subindustry, The Baldwin Insurance 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.
The Baldwin Insurance Group Piotroski F-Score vs Insurance Industry
For the Insurance industry and Financial Services sector, The Baldwin Insurance Group's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where The Baldwin Insurance 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.
*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.
The Baldwin Insurance Group's current Net Income (TTM) was -45.
==> 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.
The Baldwin Insurance Group's current Cash Flow from Operations (TTM) was 28.
==> 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.
The Baldwin Insurance Group's return on assets of this year was -0.01279649. The Baldwin Insurance Group's return on assets of last year was -0.00916156.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
The Baldwin Insurance Group's gearing of this year was 0.57908542. The Baldwin Insurance Group's gearing of last year was 0.43903335.
==> 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
The Baldwin Insurance Group's current ratio of this year was 1.08140894. The Baldwin Insurance Group's current ratio of last year was 1.13113068.
==> 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.
The Baldwin Insurance Group's number of shares in issue this year was 96.828. The Baldwin Insurance Group's number of shares in issue last year was 69.328.
==> 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.
The Baldwin Insurance Group's gross margin of this year was 0.2888672. The Baldwin Insurance Group's gross margin of last year was 0.26508817.
==> 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
The Baldwin Insurance Group's asset turnover of this year was 0.45319746. The Baldwin Insurance Group's asset turnover of last year was 0.40076946.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
The Baldwin Insurance Group has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The Baldwin Insurance Group (BWIN) has a Piotroski F-Score of 4 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on The Baldwin Insurance Group and its competitors. This is near median its historical median of 4.00. Over the past decade, The Baldwin Insurance Group's Piotroski F-Score has ranged from 1.00 to 6.00. According to the industry distribution chart, The Baldwin Insurance Group ranks #375 out of 482 companies in the Insurance industry, placing it in the top 77.8%.
Is The Baldwin Insurance Group's Piotroski F-Score too high?
The Baldwin Insurance Group's current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 6.00. The Insurance industry median Piotroski F-Score is 6.00. The Baldwin Insurance Group's value of 4 is 33.3% below this industry median. Based on the distribution chart, The Baldwin Insurance Group ranks #375 out of 482 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, The Baldwin Insurance Group has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The Baldwin Insurance Group's Piotroski F-Score compare to LIFE and GSHD?
According to the Insurance industry distribution chart, The Baldwin Insurance Group ranks #375 out of 482 companies for Piotroski F-Score. This places The Baldwin Insurance Group in the lower half of its industry. The industry median Piotroski F-Score is 6.00. The Baldwin Insurance Group's value of 4 is 33.3% below this benchmark. Historically, The Baldwin Insurance Group's own Piotroski F-Score has ranged from 1.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 6.00, The Baldwin Insurance 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 an Insurance company?
The median Piotroski F-Score among Insurance companies is 6.00, based on 482 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. The Baldwin Insurance Group's current Piotroski F-Score of 4 is 33.3% 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 The Baldwin Insurance Group and its competitors. For the Insurance industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Baldwin Insurance Group's current Piotroski F-Score is 4, which is near 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 The Baldwin Insurance Group stock overvalued right now?
Based on GuruFocus' analysis, The Baldwin Insurance Group (BWIN) is currently considered Modestly Undervalued. The stock's GF Value™ is $29.32, compared to a current price of $24.46 — trading 16.6% below its estimated fair value. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 33.3% below the Insurance industry median of 6.00. The Baldwin Insurance Group's overall GF Score™ is 74/100 with 6 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 The Baldwin Insurance Group (BWIN), the current Piotroski F-Score is 4 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 The Baldwin Insurance Group (BWIN) Overvalued in 2026?
Based on GuruFocus' analysis, The Baldwin Insurance Group stock appears to be undervalued.
The current stock price of $24.46 is trading 16.6% below its estimated GF Value™ of $29.32.
GuruFocus considers The Baldwin Insurance Group to be Modestly Undervalued.
Key valuation signals for BWIN:
Piotroski F-Score: 4 (near median its 10-year median of 4.00)
GF Value™: $29.32 vs. price of $24.46 (16.6% below fair value)
Industry Position: 33.3% below the Insurance median (#375 of 482)
No single metric tells the full story. See the BWIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Baldwin Insurance Group Inc is an insurance distribution company operating in the United States. The company provides commercial risk management, employee benefits, private risk management, and personal insurance solutions. It operates through three segments: Insurance Advisory Solutions, which focuses on commercial risk management and employee benefits; Underwriting, Capacity & Technology Solutions, which includes managing general agency operations, reinsurance brokerage, captive management, and technology-enabled insurance products; and Mainstreet Insurance Solutions, which offers personal, commercial, and life and health insurance products through community-based distribution channels.
74GF Score
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